TRADEBACK™ REBATE PROGRAMME
A volume discount programme for professional traders
For professional traders only, we’ll give you a rebate of up to 10% of your trading costs if you trade over a certain amount. Your rebate is based on the total spread fees you have paid on opening trades.
Your spread fee is the amount you have staked per point multiplied by the size of our spread on the market. For instance, the spread fee of opening a £5 per point trade on Wall Street Rolling Daily (spread = 1 point) is £5. Only trades made via the web-based platform are included in the TradeBack calculation.
The TradeBack programme is broken down into three tiers, each offering a different level of rebate:
HOW DOES IT WORK?
Say you make 210 opening trades of £10 per point on Wall Street Rolling Daily where our spread is 1 point. Your spread fees for the month will be £2100 (as £10 per point x 1 point x 210 = £2100). This level of trading would place you in the Gold tier, and would give you a rebate of £157.50 (7.5% of £2100).
A trade is complete when it has been opened and closed. Let’s take another example of a client trading multiple securities. Say that in one month you complete:
|Number of trades||£/point||Market||Spread||Total spread fees|
|55||£15||Wall Street Rolling Daily||1 point||£825|
|30||£12||US Crude Futures||4 points||£1440|
|30||£12||GBP/JPY Rolling Daily||3 points||£1080|
|25||£20||Gold Rolling Daily||4 points||£2000|
|Platinum level reached||Total fees £5345|
|Total rebate £534|
Your combined spread fees over the month are £5345. This makes you eligible for our Platinum tier and guarantees you 10% back. Your monthly rebate will be £534. Another way to look at it is that you have taken 10% off the width of our spreads during this month.
We’ll credit your rebate to your account the month after you earn it. You can withdraw it or use it to trade: there are no restrictions. We’ll send you a detailed TradeBack statement every month.
TradeBack is available to Intertrader’s professional clients only. If you’d like to be excluded from TradeBack, please contact email@example.com or call +44 203 364 5189. For any further questions please read our TradeBack FAQs and the full TradeBack Terms & Conditions.
Am I a professional client?
You can be categorised as a professional client if you satisfy at least two of the following strict criteria:
- You have made at least 10 trades (in significant size) per quarter over the last four quarters
- You have assets in excess of €500,000
- You have worked in the financial sector for at least one year in a professional position
It is free to change your status from a retail client to a professional client. If you believe you meet the requirements above, please contact your account manager to discuss this option at firstname.lastname@example.org or +44 (0)20 3364 5189.