Cashback refers to a compensation provided for unsuccessful trades made during the previous week. It is automatically credited to your real account balance every Monday at 06:00 UTC.
The percentage of cashback you receive depends on your trader status:
- Gold status traders receive a compensation of 5%.
- VIP status traders receive a compensation of 10%.
To calculate the cashback, you can use the following formula:
Total deposits made during the week minus total withdrawals made during the week minus the account balance on Sunday, multiplied by 5% or 10%.
For example, let's consider a scenario where a trader deposited $400 on Monday, withdrew $100 on Wednesday, and had a remaining account balance of $50 on Sunday. Applying the formula: $400 - $100 - $50 = $250, which is the amount eligible for cashback. For a VIP trader, $250 x 10% = $25 would be credited to their account, while for a Gold trader, $250 x 5% = $12.5 would be credited.