The Program
The Pip Rebate Program allows traders to participate in a portion of the Referring Party's (FXstreet.com's) spread rebate as defined in this document and titled Rebate Scale. The Account Holder will have no other claim to any different scale from any other advertisement or verbal conversation. Any decision to allow a trader to participate in a Higher Rebate Scale than the one agreed to in this agreement will be at FXstreet.com's sole discretion.
The Rebate Scale
Rebate participation is made available to Program Participants after generating a one time minimum of $300 in rebate AFTER the signing of this document. The Rebate Scale offered to the Account Holder as witnessed above is as follows and applies to all rebate units provided by the FCM/FDM. Should FXstreet.com negotiate larger rebates with its Broker Partners in the future these larger rebates will be shared with the account holder based on the their current participation percentage. All percentages listed below are the rebate levels the Account Holder will receive, based on their activity level.
- $0 - $300: No rebate participation yet
- $300 - $650: 50% rebate participation
- $650-$1000: 65% rebate participation
- +$1000: 80% rebate participation
Rebates are cumulative in the sense that the Account Holder can choose between withdrawing his/her rebates at anytime or continue accumulating rebates indefinitely. Also Rebate Scale will be directly affected by the actual Rebate provided by the Broker (first unit only) and will vary from Broker to Broker. FXstreet.com makes no claim or guarantee as to the actual dollar amount each percentage of the Rebate Scale will equal.
Participation
Participation in the program is at the discretion of FXstreet.com and may not be available in the future. FXstreet.com reserves the right to discontinue the program at any time and no guarantee is made regarding its future availability. FXstreet.com may also prohibit individual traders from participating in the program based on their own internal assessment of the Account Holder and will not be required or encouraged to divulge such reasoning at any time.
Furthermore, Account Holders who are allowed to participate in the program may be removed from the program at FXstreet.com's discretion for any reason the firm feels necessary and the firm will not be required to divulge such information.
FXstreet.com may from time to time negotiate rebate participation plans with individuals and/or companies that may be better than the Rebate Scale offered in this Agreement. FXstreet.com may at its sole discretion and without approval of the Account Holder change the parameters of the plan as it feels is necessary. Notification to the Account Holder regarding these changes is at FXstreet.com's discretion and any such notice may not be presented prior to such changes taking effect.
Broker Rebate Levels
The following Broker List and Rebate Levels are current as of the document's Revision Date. Changes in the Broker List and their Rebate Levels may occur between the current version and subsequent versions. Pip Rebate Values can changes based on the account type, the pair that is traded and lot size. The values listed are the TOTAL values rebated to FXstreet.com. The traders share is a portion of the total value listed.
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ACM
- 1 Pip per lot traded
-
FXCM US
- Mini Account: 1 pip per lot traded
- Standard Account: 1 pip per lot traded
- Active Trader Accounts: based on volume, per million (pm) per side (ps) = (buy and sell)
- Less than 100mm: $5 pm/ps
- From 100mm to 250mm: $5 - $8.75 pm/ps
- From 250mm to 500mm: $5 - $7.50 pm/ps
- From 500mm to 750mm: 12.50
- From 750mm to 1 yard: $10
- > 1 yard = $9 pm/ps
-
FXCM UK
- Mini Account: 1 pip per lot traded
- Standard Account: 1 pip per lot traded
- Active Trader Accounts: based on volume, per million (pm) per side (ps) = (buy and sell)
- Less than 100mm: $5 pm/ps
- From 100mm to 250mm: $5 - $8.75 pm/ps
- From 250mm to 500mm: $5 - $7.50 pm/ps
- From 500mm to 750mm: 12.50
- From 750mm to 1 yard: $10
- > 1 yard = $9 pm/ps
-
FXSOL
- 1 pip per lot traded
-
Gain Capital (Forex.com)
- 1 pip per lot traded
- 1k Account; 1 lot equals 1,000 units. Pip rebate = $0.10
- 5k Account; 1 lot equals 5,000 units. Pip rebate = $0.50
- 10k Account; 1 lot equals 10,000 units. Pip rebate = $1.00
- 50k Account; 1 lot equals 50,000 units. Pip rebate = $5.00
- 100k Account; 1 lot equals 100,000 units. Pip rebate = $10.00
-
MG Financial
- 1/2 Pip per lot traded
ALL VALUES ARE SUBJECT TO CHANGE WITHOUT NOTICE AND ARE NOT SET OR DETERMINED BY FXSTREET.COM
No Guarantee of Profit
The Pip Rebate Program has been provided to the Account Holder at will by FXstreet.com and may or may not be available in the future.
Participation in a Pip Rebate Program DOES NOT guarantee an increase in profit or a decrease in loss in the Account Holders trading activity and no such claim is being made or implied.
FURTHERMORE, Participation in a Pip Rebate Program does not lessen the inherent and systematic risk of trading Foreign Exchange and no such claim is being made.
FXstreet.com makes no claim as to the affect or impact of the Pip Rebate Program on the Account Holders Net Profit or Net Loss.
The Account Holder as noted in THE AGREEMENT testifies that they are fully qualified to participate in Foreign Exchange trading and their interest in the Pip Rebate Program is not an attempt to alter or improve any deficiency they may have in the following, but not limited to: experience, net worth, account funding, trade style, model risk etc.
Last Update: 07/16/2009
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