Revolutionizing IB Compensation with 4XC's New Structure
At 4XC, we are always seeking new and innovative ways to enhance the experience of our valued partners. That's why we are excited to announce changes to our IB program, effective February 15th, 2023. The goal of these changes is to provide our IBs with more transparent and rewarding compensation opportunities.
Introducing 50% Default Share of Spread and Trade Commission
We are proud to introduce a new compensation structure that includes 50% default share of the spread and trade commission from all types of trading accounts. This means that our IBs will receive a 50% commission for every trade executed by their referred clients. Additionally, for those who prefer a personalized compensation scheme, we are open to working with you to create a plan that suits your specific needs.
Calculating IB Commission for Standard Accounts
The calculation for IB commission on Standard accounts is based on 50% of the spread markup. For example, if a client with a Standard account opens a 1.0 lot trade of the EURUSDxx forex instrument, the IB commission would be 50% of the spread markup, which in this case is 10 USD (based on the quote currency). The IB would receive 50% of the 10 USD, which is 5 USD. It's important to note that the spread markup value may vary depending on the contract specifications and trading instrument.
Calculating IB Commission for PRO and VIP Accounts
For PRO and VIP accounts, the calculation is based on 50% of the trade commission. For example, if a client with a PRO account opens a 1.0 lot trade of the EURUSDxx forex instrument, the IB commission would be 50% of the 5 USD trade commission (which does not depend on the quote currency). The IB would receive 50% of the 5 USD, which is 2.50 USD. For VIP accounts, the calculation is the same, but instead of a 5 USD trade commission, VIP accounts are charged 4 USD per round lot for forex instruments, so the IB commission would be 50% of 4 USD, which is 2 USD. It's important to note that the trade commission per 1 lot may vary depending on the trading instrument. The exact trade commission per each trading instrument can be found in the MT4/MT5 platform under Contract Specifications.
Looking Forward
At 4XC, we believe that these changes will greatly benefit our IBs and we are eager to work together to achieve even greater success. Keep an eye out for further updates and do not hesitate to reach out to us if you have any questions or concerns. We are here to support you every step of the way.