What is Active Trader?
|
FOREX.com’s Active Trader is designed for high-volume traders looking for an edge. Active Traders enjoy monthly cash rebates on their trades, interest on their available margin (i.e. trading resource), one-on-one support from an experienced market strategist, reimbursement of bank fees and more.
Managed Accounts and accounts referred by an Introducing Broker are not eligible for the Active Trader program. Click here to learn more.
|
Do I have to apply for Active Trader?
|
No. You’ll automatically qualify for Active Trader when you open an account with a minimum $25,000 or trade $25M of volume in a calendar month.
|
Are there any fees associated with the Active Trader program?
|
No, there are no fees associated with the Active Trader program.
You may incur a rollover charge if you hold your positions overnight. Learn more about rollovers.
|
What are the Active Trader cash rebate levels?
|
Cash rebates are available on FX trades according to the trading levels based on your monthly trade volume. You can view the levels on the Active Trader page.
|
What are the requirements for maintaining the benefits of Active Trader?
|
You will continue to benefit from Active Trader when you maintain a total quarterly trade volume of at least $25M or an average account balance of at least $25,000.
|
How is my FX trade volume calculated?
|
Monthly volume is defined as the sum of all FX trades in lot terms for a given calendar month.
|
When are rebate levels applied to my account?
|
Cash rebates are available on FX trades only according to predefined trading tiers. Rebates will generally be posted to the account within two business days of the following month, but there may be occasions where the process takes longer. Clients are free to either withdraw or utilise the rebate for trading. Terms and conditions apply. Learn more.
|
How is interest on my available margin calculated?
|
Active Traders earn 1.5% APY on balances up to $50,000 and 0.5% APY on balances $50,000 - $100,000. Interest will be calculated based on the average daily available margin. Average daily available margin is calculated by taking the average of your available margin (trading resources) as of 5PM each trading day during the prior month. Margin utilized for your open positions is not included. Interest will be posted within 15 business days of the following month. APY rates are subject to change daily. This promotion is void where prohibited or restricted by law and subject to all applicable federal, state and local laws and regulations.
|
When will my monthly trade volume reset?
|
Your monthly trade volume resets after 5pm EST on the last trading day of the calendar month.
|
