Frequently Asked Questions
Welcome to our comprehensive FAQs section, where we aim to address the most common questions and concerns you may have. Whether you're seeking clarity on our referral fee policy, looking for information on how to maximize your earnings, or simply curious about the ins and outs of referral fees, you've come to the right place. We've compiled this list of frequently asked questions to provide you with quick and accessible answers, ensuring that you have all the essential information at your fingertips. Browse through the following queries to find the answers you're looking for and gain a better understanding of referral fees and how they can benefit you.
By referring people to iFX Brokers and having them become active traders, you have the opportunity to earn money. You will receive a referral fee each time one of your active clients executes trades. The amount of the fee is determined by factors such as your efforts and the volume of lots traded by your clients.
The referral fees are determined based on your payment tier. iFX Brokers has six tiers, ranging from Referrer to VIP, and each level has a starting referral fee per round lot traded. The tier you are assigned to is determined by a weighting factor, which takes into account factors such as the number of lots traded by your clients, the number of clients referred, your referral conversion rate, total monthly deposits, and account conduct.
Yes, as a new partner, you start as a Referrer. However, as your client portfolio grows and your account performance is analysed, you can be automatically upgraded to the next award level.
Yes, Platinum and VIP Partners receive added benefits known as extended performance fees. These fees are based on the total deposits generated by their referred clients and are paid as a lump sum. The specific percentage and minimum deposit requirements for these fees depend on your partner level and the deposit amounts of your clients.
Referral fees are processed in real-time, and partners can choose when they want to receive payments. You can manage your referral fees through the payments section within your secure myiFXPartners area. The payment schedule includes details such as payment reference, calculation date, currency, commission, availability, paid status, and payment date.
Yes, iFX operates under a referral fee policy that governs the rules pertaining to rebate payments for partners. It is crucial to comply with this policy to receive rebates promptly. The policy excludes referral fees for personal trading or trades from immediate family members. Trades originating from the same IP address are also ineligible.
In the event that you notice unpaid rebates, it is recommended to notify iFX at
partners@iFXbrokers.com. Payments are not lost, but they may require recalculation based on the number of transactions. iFX is committed to promptly addressing and resolving any issues related to missing rebates.
Extended performance fees are additional benefits that Platinum and VIP Partners receive based on the total deposits generated by their referred clients. These fees are paid as a lump sum on or before the 7th following the reporting period.
To qualify for extended performance fees, partners must meet the minimum deposit requirements specified for each level (Platinum or VIP) and have referred clients who generate deposits. Meeting these requirements allows the partner to receive a percentage of the total deposits generated by their clients as an additional incentive.
Referral fees are processed in real-time at iFX, giving partners the flexibility to choose when they want to receive payments. Partners can access the payments section within their secure myiFXPartners area to conveniently manage their referral fees. This section provides a comprehensive schedule that includes important payment details such as payment reference, calculation date, currency, commission, availability, paid status, and payment date.
The payment reference is an automatically generated identifier that helps partners easily identify specific payment information. It can be used for reference purposes if partners need to retrieve payment details for a specific period.
The calculation date indicates the day when the referral fees are allocated to the partner’s account. Rebate payments are usually generated daily and become immediately available after the daily market close, encompassing all trading activities conducted during the day.
Rebates are initially calculated and generated in USD. However, the actual payment to partners is executed in South African Rand.
The availability status indicates whether the earnings are currently available for withdrawal. It provides partners with information on when their funds are ready to be accessed.
The paid status informs partners whether the respective rebates have been paid out. It helps partners keep track of their payment history and ensures transparency.
The payment date specifies when the rebates were paid to the partner. It serves as confirmation of the payment and provides partners with an accurate timeline of their payment transactions.
Once earnings are available for withdrawal, partners can initiate the transfer process by selecting the “Transfer to my Wallet” action button. This action reflects the amount due to their iFX Wallet. From the wallet, partners have the option to withdraw the funds or transfer them to a trading account as desired.
iFX operates under a Referral Fee Policy that ensures fair and transparent payment procedures for rebate payments. It is crucial for partners to comply with this policy in order to receive their rebates promptly. Failure to adhere to the policy may result in the company declining rebate payments. The policy excludes referral fees for personal trading, those generated by immediate family members, and trades from the same IP address. iFX also has a zero-tolerance policy towards fraudulent activities and abusive trading strategies.
