ActivTrades Launches Cashback Program for Professional Traders

ActivTradesa broker specializing in foreign exchange (forex) and contracts-for-difference (CFD) trading, announced the launch of its new “premium” cashback program which is exclusively available for its professional clients this Wednesday.

In order to receive the bonus, clients of the London-based broker need to trade a monthly average of at least €50 million in notional volume. Traders who meet these criteria will receive rebates on spread and swaps, in addition to interest on unused margin.

The rebates will be calculated based on 20 percent of the target spread and 20 percent of the total swaps, the statement said. Furthermore, the broker will pay interest on the average free margin held by an investor during a calendar month.

This is based on the annual rate of 1.25 percent for Euro, 1.50 percent for USD, 1 percent for CHF and 1.10 percent for GBP accounts. These rates, however, are subject to change.

Are Rewards Programs for Institutional Investors the Latest Trend?

Loyalty or rewards programs are not uncommon, specifically within the retail trading space. However, trading incentives do appear to be becoming a trend for professional and institutional clients as well.

It is worth noting that this apparent trend coincides with brokers within the United Kingdom and European Union (EU) starting to put extra emphasis on institutional clients. This is because they are not subject to restrictions, such as leverage caps, implemented by the European Securities and Markets Authority (ESMA) for retail traders.

Commenting on the cashback program, Alex Pusco, the Chief Executive Officer of ActivTrades said: “We are extremely excited about our new Cashback Program. This is a scheme that provides real value and full transparency for high volume traders.”

“Clients enrolled in the scheme will find a new widget in the personal area of our website, showing the notional traded value balance and the potential or acquired rewards, in real time.”

(Photo: facebook)

bitcoin
Bitcoin (BTC) $ 10,767.88 0.77%
ethereum
Ethereum (ETH) $ 358.63 2.12%
tether
Tether (USDT) $ 0.999990 0.05%
ripple
XRP (XRP) $ 0.242934 0.07%
bitcoin-cash
Bitcoin Cash (BCH) $ 221.96 2.85%
chainlink
Chainlink (LINK) $ 10.26 4.35%
polkadot
Polkadot (DOT) $ 4.30 2.19%
binancecoin
Binance Coin (BNB) $ 26.41 7.56%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.155131 0.70%
bitcoin-cash-sv
Bitcoin SV (BSV) $ 164.13 5.45%
S&P 500  ^GSPC 
$3,298.46  $51.87  (1.60%)
Dow Jones Industrial Average  ^DJI 
$27,173.96  $358.56  (1.34%)
NASDAQ Composite  ^IXIC 
$10,913.56  $241.26  (2.26%)
Russell 2000  ^RUT 
$1,474.91  $23.09  (1.59%)
Crude Oil Nov 20  F*CL.NYM 
$40.04  $0.2700  (-0.67%)
   
$0.0000  $0.0000  (0.00%)