Any FXOpen client can expand revenues with the FXOpen partnership program.
The amount of partner’s remuneration depends on the type of agent and on the total traded volume used by referrals in the last 90 days.
Standard Commission (a percentage of the FXOpen commission) is the base value used in calculating partner commission. It equals 2.4 pips (5-decimal pricing) per trade in an STP account and 15% of FXOpen commission for a trade performed in an ECN or a Crypto account. FXOpen sets commission limits for the maximum commission you can receive.
Partner’s remuneration increases proportionally to the traded volume used by agent’s referrals. Used Margin is the total margin of all closed positions on referrals’ accounts in the last 90 days. This coefficient acts as commission multiplier.
If there was no trading activity on referrals’ accounts in the last 90 days and the total Used Margin is 0, the agent is unable to receive any partner commission.
Commission multipliers vary depending on the type of agent and referral level.
You can find commission values for different agents and referral levels, as well as examples of calculations in the tables below.
The chart illustrates the example of calculation of commission given in the table. It shows how partner’s remuneration grows as the total traded volume on referrals’ accounts increases.
As you can see on the chart, for Level 1 referrals the growth rate of commission begins to accelerate significantly when the Traded Volume value overcomes the threshold of $13 mio.
For Level 2 referrals, commission growth is gradually slowing with each new range of Traded Volume.
Example of commission calculation
The total ECN Commission of all referrals for the last 90 days is $160.00. The Standard Commission is 15% of ECN Commission.
Standard Commission: $160.00 * 0.15 = $24.00
Total Traded Volume for each referral level for the last 90 days:
Level 1 referrals: $50 mio
Level 2 referrals: $15 mio
Let's calculate commission from 2 referral levels.
For Level 1, we have: the Standard Commission is $24.00, the coefficient is 1 (100%). The total Traded Volume is $50 mio, which is in the range from $40 mio to $105 mio. Commission multiplier in this range is 1.9 (190%). We get: $24.00 * 1 * 1.9 = $45.60.
For Level 2, we have: the Standard Commission is $24.00, the coefficient is 0.35 (35%). The total Traded Volume is $15 mio, which is in the range from $13 mio to $40 mio. Commission multiplier in this range is 3.3 (330%). We get: $24.00 * 0.35 * 3.3 = $27.72.
Level 1 Commission: $24.00 * 1 * 1.9 = $45.60
Level 2 Commission: $24.00 * 0.35 * 3.3 = $27.72
Total agent commission:
$45.60 + $27.72 = $73.32