To qualify, you will need to have traded the minimum monthly volume in one asset class within a calendar month. If your trading volume qualifies you for a tier in one asset class, you will also qualify for a rebate in another asset class at the same tier level even if you didn't meet the notional trade volume in that asset class. See below examples for more details.
When you trade the minimum notional amount (USD million) of volume required monthly, you’ll be rewarded with a cash rebate in your base currency for each notional million traded (and % of commission on share CFDs).
Rebates are credited on or around the 10th of the following calendar month.
How it works
If your notional trade value for the month on FX is US$300 million, you would qualify for a tier 3 rebate of US$10 per million traded, which means your monthly rebate would be:
300 (USD million notional traded) x 10 (rebate per million traded) = US$3000 or AU$41002
If during the same month your notional trade value for indices is US$35 million, you would also qualify for tier 3 rebate of US$7 per million traded. This is simply because you have met the threshold for tier 3 in FX, even though you have not met the minimum threshold in indices. In addition to your FX rebate, the calculation for your indices rebate would now be:
35 (USD million notional traded) x 7 (tier 3 rebate per million traded) = US$ 245 or AU$3302
Making your total rebate for the calendar month to be: AU$4100 + AU$330 = AU$44302
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