Home For brokers How-to articles How to set up a payment plan for symbols

How to set up a payment plan for symbols

  1. Go to Introducing brokers > Program > Types.

  2. Select an IB type from the list and click the edit button. If there is no IB type, create one and repeat this step.

  3. Go to the Symbols tab.

  4. Select the symbol for which you want to configure payment preferences and click the edit button. For a quick search, you can filter symbols by a platform, trading group, symbol name, and other criteria.

  5. In the Payment plan field, select an option for reward calculation. For a detailed description of the available options, refer to Payment plans. Remember that available payment plans depend on the platform.

  6. Depending on the selected payment plan, fill in corresponding fields.

Commission (MetaTrader 4, MetaTrader 5, B2Trader, cTrader)

  • Indicate the Percentage of the received commission that you want to pay to your partners. For example, 10 means 10%. Positive integer and decimal values greater than or equal to 0 (zero) are supported.

Lot (MetaTrader 4, MetaTrader 5, cTrader)

  • Select the Currency in which rewards will be paid. If a partner’s wallet currency differs from the reward currency, then the reward amount is converted into the wallet currency. The conversion occurs at the current exchange rate at the time of calculation.

  • Specify the Amount that you want to pay your partners for each lot traded by their clients. Positive integer and decimal values greater than or equal to 0 (zero) are supported.

Important

Keep in mind that you must monitor profitability using this scheme as the reward amounts may exceed the commissions charged.

Max amount (MetaTrader 4, MetaTrader 5, cTrader)

For this payment plan you need to preliminary configure a required amount of levels. Refer to How to configure levels for step-by-step instructions.

  • Select the Currency in which rewards will be paid. If a partner’s wallet currency differs from the reward currency, then the reward amount is converted into the wallet currency. The conversion occurs at the current exchange rate at the time of calculation.

  • In the Amount field, specify the max amount of the reward. This is the amount that will be paid to partners for trades of their direct clients (Level 1: IB → Direct client). Positive integer and decimal values greater than or equal to 0 (zero) are supported.

  • Click links below the Amount field to specify the exact amounts that partners receive at each level. The number of links depends on the number of configured levels.

In the example below, 3 Levels are configured for the IB type. Therefore, you can see two links:

  • distribution of the Max amount between 2 levels (IB → SubIB → Client)

  • distribution of the Max amount between 3 levels (IB -> SubIB -> SubIB -> Client)

Max amount

Refer to Max amount for a distribution example.

Markup (MetaTrader 4, MetaTrader 5, cTrader)

  • Specify the Markup, in points, that you want to pay your partners for each lot traded by their clients. Positive integer values greater than or equal to 0 (zero) are supported.

Markup, % (MetaTrader 4, MetaTrader 5, cTrader)

  • In the Markup, % field, specify your markup on the trading platform. This value is required for correct calculations of reward amounts.

  • In the Percentage field, indicate a percentage of your markup (Markup, %) that you want to pay your partners for each lot traded by their clients. Positive integer and decimal values greater than or equal to 0 (zero) are supported.

  1. In the Position field, select the positions for which you want to calculate the reward amount: open, close, or both.

  2. In the Apply field, select whether to apply the specified settings to the current symbol or to a trading group.

  3. Click Create to apply the changes.