Forex Rebate service for Tifia partners

The Forex Rebate service is a popular client engagement mechanism based on the return of a part of the affiliate commission. Partners using the Forex Rebate service get a serious advantage: cashback for each completed trade, regardless of the results.

The partner attracts more loyal customers, they increase their trading volumes, and the partner gets a higher reward.

Set Affiliate Rebate

What is Rebate
on Forex?

Affiliate rebate is a partial return of the spread to the client as a percentage of the affiliate commission. A Tifia partner with Master IB status and higher can set up rebates for their referrals by choosing the percentage compensated from their affiliate commission to the referred client. Despite the fact that the partner's income from each trade made by their referral decreases, partners use the rebate to increase the number of referrals and trading volume.

Why do partners need the Forex Rebate service?

Give your Tifia referrals an extra edge! The affiliate rebate service helps attract customers and expand your referral network faster, increases their loyalty and motivates them to trade actively. The partner is guaranteed to receive a larger trade volume in their referral group, which means more profit. Rebates are credited to referrals from both profitable and unprofitable trades.

Become a Tifia partner

How does the Rebate service for Tifia partners work?

  • The partner sets up the return of the spread for their referral group or for each client individually

  • The partner uses Rebate as a tool to attract more referrals

  • Affiliate referrals trade more actively and increase their volumes to get a higher return for each trade

  • The partner receives a much larger commission due to the expansion of the referral network and the trading volume

How to set up a rebate service for your referrals?

First of all, you need to become an active partner of Tifia and obtain a Master IB status. After that, in your Partner's Profile, set the desired percentage of your partner commission to be returned to your referrals. That's it! The rebate will start automatically for all your referrals! In addition, partners can set up different rebate volumes depending on the referral’s account type. And most importantly, Tifia allows its partners to make individual offers for large referrals and adjust the rebate! The partner can set the rebate amount for each referral individually.

Set up rebate

Detailed instructions for Tifia partners on setting up the rebate service

Forex Rebate is a part of the affiliate commission on the referral’s trades compensated by the broker. Partners can promote it as a part of the spread rebate to motivate referrals trade more active and increase the volume of trading.

The rebate system is only available to partners with a "Master IB" status or higher.

  • 1. Log in to Tifia's client profile. On the left side, find "Affiliate", click and then go to "Rebate". Now you can see the rebate system.

  • 2. By default, the system is inactive. To activate it for all accounts, click the "Enable Rebate system" button, set the total rebate percentage for all accounts, and then click "Save".

  • 3. The system automatically sets the total percentage for all accounts. You can change it by entering your value in the highlighted window and clicking "Save". Please note that you can also disable a specific type of account for all referrals by clicking the button opposite your account type.

  • 4. If you want to activate or disable the specific referral click the button highlighted in yellow. The previous values of rebates will be saved in the window, so the next time you activate the user, you can see the rebate history of the referral.

  • 5. To enable or disable rebates for all referrals, use the section "All users" and select the action in the drop-down list. The system will apply and save this filter.

  • 6. If you need to find a specific referral, you can use a search menu. Enter an account number, UID number or email, and then click the "Search" button.

  • 7. You can set the personal rebate % for each of your referrals. To choose the particular referral, search in the section with all the referrals. Then change the rate of rebate for the specific referral and click the button "Save".

Set up rebate for referrals

How to Calculate Forex Rebate

You can calculate the rebate volume using the following formula:

REBATE_USD = COMMISSION_PER_DAY * (REBATE_% / 100)

REBATE_USD
rebate in USD received by a referral

COMMISSION_PER_DAY
partner's commission for a previous day received from a particular referral

REBATE_%
rebate percent set by partner

For example:
The COMMISSION_PER_DAY is 20$ and the rebate percent set for 40%, then the REBATE_USD will be 8$.

This amount will be a % paid to the referral [$20 * (40% / 100) = $8].
Basically, the referral will receive a cashback from his or her own trades.
Please note that the rebate will be credited to special non-trading Rebate account of your referral.
Such accounts will be created automatically for all your Referrals for receiving cash back.

How to calculate funds available for withdrawal:
The affiliate commission received today is available to withdraw the next day for partners with the enabled rebate option.
You can calculate the volume of the funds available for withdrawal using the following formula:

AVAILABLE = BALANCE - COMMISSION_INTRADAY - REBATE_NEEDED_TO_BE_PAID

BALANCE
Funds available for withdrawal from the partner's account

COMMISSION_INTRADAY
partner's commission for a current day received from a particular referral

REBATE_NEEDED_TO_BE_PAID
rebate amount to be transferred to referrals

For example:
The BALANCE is 80$, the COMMISSION_INTRADAY is 20$, and the REBATE_NEEDED_TO_BE_PAID is 8$, then the AVAILABLE funds for withdrawal will be 52$.