ActivTrades, and contracts-for-difference (CFD) trading, announced the launch of its new “premium” cashback program which is exclusively available for its professional clients this Wednesday.
In order to receive the bonus, clients of the London-based broker need to trade a monthly average of at least €50 million in notional volume. Traders who meet these criteria will receive rebates on spread and swaps, in addition to interest on unused margin.
The rebates will be calculated based on 20 per cent of the target spread and 20 per cent of the total swaps, the statement said. Furthermore, the broker will pay interest on the average free margin held by an investor during a calendar month.
This is based on the annual rate of 1.25 per cent for Euro, 1.50 per cent for USD, 1.00 per cent for CHF and 1.10 per cent for GBP accounts. These rates, however, are subject to change.
Are Rewards Programs for Institutional Investors the Latest Trend?
Loyalty or rewards programs are not uncommon, specifically within the retail trading space. However, trading incentives do appear to be becoming a trend for professional and institutional clients as well.
It is worth noting that this apparent trend coincides with brokers within the United Kingdom and European Union (EU) starting to put extra emphasis on. This is because they are not subject to restrictions, such as leverage caps, (ESMA) for retail traders.
“Clients enrolled in the scheme will find a new widget in the personal area of our website, showing the notional traded value balance and the potential or acquired rewards, in real time.”
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