All instruments available for trade on a Standard account go by the suffix ‘m’. For example, EURUSDm, XAUUSDm.
If a client is trading on instruments with the suffix ‘m’, the reward calculation will be based on the opening spread of the trade.
Instrument groups available for trade
The groups of instruments available for trade in Standard accounts are:
- Forex currency pairs including metals
Reward = Commission size x Opening spread in points x Point Profit
Let’s say your commission size is 33%.
A client registered under your partner link traded 1 lot EURUSDm and its opening prices were Bid 1.11980 and Ask 1.12000.
Opening spread (in points) = (Ask Price - Bid Price) / Point Size
= (1.12000 - 1.11980) / 0.0001
= 2 points
To find the point profit for a particular order, use our Trader’s calculator. According to the calculator, the point profit for this order is 10 USD.
Therefore, Reward = 0.33 x 2 x USD 10 = USD 6.6
This would be the amount you’d get as a partner from this particular order.
The partner reward is subject to a bonus coefficient where applicable. To know more about this, click here.