It’s a 5-Tier programme designed to reduce the costs of our most active traders: the higher your tier, the lower your trading costs (Tier 1 is the highest). You can climb the ladder of the programme by either increasing your 30-day trading volume or investing significant equity.
All of our clients, regardless of account type or trading platform, are automatically enrolled.
Our Pips+ programme also applies to all Master MAM accounts. For example, if a money manager meets the necessary volume requirement (or there is sufficient equity), we pay a rebate on all of your trades or reduce the commission for that MAM account (that includes all sub accounts).
The calculation of trading volume for Pips+ tiers is AUTOMATICALLY processed by the system for the last 30 days. However, if you meet the volume requirements for an upgrade half way through the month, our servers are updated every day at 2am in the summer and 1am in the winter (server time), so you will be immediately upgraded; you will not have to wait until the end of the 30-day period to benefit from improved trading conditions. Please remember that you do have 30 days to meet the requirements, so don’t feel rushed to make a series of irrational decisions to be upgraded.
A detailed schematic of our programme levels can be found in your Backoffice user profile, go to Profile section and choose Pips+. Your level is highlighted in green.
* The programme only applies to instruments that incur commission – Forex and Metals. The programme does not cover Shares, Energies, Indices and Cryptos as they are commission-free instruments.
How does it work?
Pretty simple, really. The aim is to move to the top of the programme (to Tier 1). You can do this by investing greater equity or trading a higher volume. However, there is a slight difference on how that works depending on your trading account:
- Classic – the higher you climb, the more rebate you receive. The rebate works like a spread refund.
- Pro – the higher you climb, the lower commission you pay.
We provide a 14-day safety net to stop you falling back during that period, but you can still climb to the next tier (T&Cs apply)