OctaFX IB Commission Scheme
OctaFX pays IB commission up to 12 USD per lot. The amount of IB commission paid is determined according to the IB commission scheme so that rebates paid follow the scheme which is 80% of the commission received by us, our rebate reporting system will automatically adjust if there is a change in increase or decrease of commission from OctaFX, below is the OctaFXIB commission scheme :
|Rank IB||Amout Active Client||IB Commissiom||Rebate 80%|
|1||0 – 4||$1||$0.8|
|2||5 – 14||$3||$2.4|
|3||15 – 29||$6||$4.8|
|4||30 – 59||$9||$7.2|
What does “Active Client” mean?
What is “Valid Order” in the IB program?
IB commission is paid for valid orders only. A valid order must fulfill ALL of the following conditions:
- The trade at least 180 seconds;
- Difference between open price and closed price of an order equal to or more than 30 points (pips in 4-digit precision terms);
- Orders are neither opened not closed by partially closing and / or closing several directly.