No, your rebate is only limited by the amount you want to trade.
Your spread fees are your total cost of opening new trades during the month. This is worked out by multiplying your stake by the spread width for every opening trade you have made during the month. For instance, the spread fee of opening a £5 per point trade on US 500 Rolling Daily (spread = 3 points) is £15. Spread fees are accumulated for every position opened and closed in the month.
Equity trades are included in your TradeBack rebate calculation, although instead of basing the rebate on your spread fees we base it on the accumulated commissions you have paid on equity trades over the course of the month. Your total commissions are added to your total spread fees on non-equity trades, and we then calculate your rebate as a percentage of this combined total.
Unfortunately we do not offer TradeBack on MT4 trades at present. The spreads and commissions are calculated differently on MT4 and therefore MT4 trades are currently excluded from the TradeBack calculation.
If you do not pass the £500 threshold in a particular month you will not be eligible for a rebate in that month.
A ‘trade’ is any betting position that has been opened and closed. All trades are applicable for TradeBack regardless of how much they have made or lost.
Your rebate will be based on the points you earn from the first trading day of each calendar month through to the last trading day of each calendar month.
No. We reset your applicable spread fees at the start of every calendar month.
No, we’ll recalculate you loyalty tier and rebate every month.
No, a rolled trade is not included in this promotion. Only new opening trades (not on equities) are included.
The statement will have a full list of all of your trades for the month, along with the final stake and actual spread.
The rebate will be transferred automatically to your InterTrader.com account on the first working day after the 15th of the month.
When you receive a TradeBack rebate on your trading costs, you are effectively getting a refund on a proportion of the spreads you have paid over the month. With the Platinum tier this refund is 10%, effectively bringing our headline Rolling Daily spreads on UK 100, Wall Street, Germany 30, EUR/USD and AUD/USD down to 0.9 points, and Gold and US Crude down to 3.6 points.
If you have further questions about TradeBack, contact us at firstname.lastname@example.org or call +44 203 364 5189. We’ll try our best to help as soon as possible.