FXOpen informs its partners about the introduction of the referral program for STP accounts. Now you can profit on getting paid a commission from each closed trade in STP account of your referral.
Although the standard commission in STP accounts amounts to 4 pips, you can get up to 5.4 pips depending on the trading volume of your referrals’ deals. The commission is automatically added to your account every day.
As an agent, you can earn up to US$1,000 commission per day. The maximum commission for the whole trading period is up to US$10,000.
The STP partnership program has three levels of remuneration.
For example, you can receive 100% of commission from the closed trades of your direct referral and 25% from trading of referrals attracted by your direct referral. In this case they are called your 2nd level referrals or “downline.” If they attract more traders via their referral link, you can earn 10% of commission from the closed positions of the clients attracted last (3rd level referrals).
For more details on the partner’s remuneration and commission levels, please go to FXOpen Knowledge Base.