The rebate sharing program allows Introducing Brokers (IBs) to allocate a percentage of the rewards earned from client trading activities back to those clients. This approach fosters client loyalty and can lead to increased trading volumes, benefiting both the IBs and their clients. IBs can create personalized reward distribution programs (Coupons) via the portal, assign them to specific clients, and manage the reward distribution process.
How to Create a Reward Distribution Program
1. Navigate to the Rebate Sharing section under Marketing Tools. Here, you can create and manage reward distribution programs.
2. Provide a name for the reward distribution program. Set the start date and, if applicable, the end date. If no end date is provided, the program will remain ongoing. These details define the timeframe and scope of the reward distribution offer.
3. Select the clients you wish to include in this reward distribution program. Multiple clients can be assigned to the same program, allowing you to scale your efforts effectively.
4. Review the list of available securities and specify the reward percentage you wish to share with your clients for each security. This flexibility allows you to tailor reward distribution based on the type of trade or security, aligning with your business goals.
Managing and Distributing Coupons
After the initial setup, the Introducing Broker can:
- Edit or End Programs: If necessary, you can edit or end the reward distribution program at any time. You can also set an optional end date during creation, which can later be modified.
- Approval Process: Rewards undergo an approval process where Introducing Brokers can either approve or decline the calculation. Approved rewards are credited to the client’s account, while declined rewards are returned to the IB's wallet.
- Tracking and Reporting: The portal provides detailed performance reports for rewards, showing the distributed rewards and associated trading activity. This enables IBs to assess the effectiveness of their reward distribution efforts and make necessary adjustments.
