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.
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.