FOREX.com VIP & Cash Rebates FAQs
- What is FOREX.com VIP?
- Do I have to apply for FOREX.com VIP?
- Are there any fees associated with the FOREX.com VIP program?
- What are the FOREX.com VIP cash rebate levels?
- What are the requirements for maintaining the benefits of FOREX.com VIP?
- How is my FX trade volume calculated?
- How is interest on my available margin calculated?
- When will my monthly trade volume reset?
- What are cash rebates?
- Do I have to apply for cash rebates?
- Are there any fees associated with earning cash rebates?
- What are the cash rebate levels?
- What are the requirements for continuing to earn cash rebates?
- When are rebate levels applied to my account?
What is FOREX.com VIP?
The FOREX.com VIP program is designed for high-volume traders looking for an edge. VIPs enjoy monthly cash rebates on their trades, interest on their available margin (i.e. trading resource), one-on-one support from an experienced relationship manager, reimbursement of bank fees and more.
Managed accounts as well as accounts referred by an Introducing Broker are not eligible for the FOREX.com VIP program.
Do I have to apply for FOREX.com VIP?
No. You’ll automatically qualify for FOREX.com VIP when you open an account with a minimum of $10,000, trade $50M of volume in forex in a calendar month, or maintain an available daily balance of $25,000. You can learn more on the FOREX.com VIP page.
Are there any fees associated with the FOREX.com VIP program?
No, there are no fees associated with the FOREX.com VIP program.
You may incur a rollover charge if you hold your positions overnight. Learn more about our rollover rates.
What are the FOREX.com VIP cash rebate levels?
Cash rebates are available on FX trades according to the trading levels based on your monthly trade volume. You can view the levels on the FOREX.com VIP cash rebates page.
What are the requirements for maintaining the benefits of FOREX.com VIP?
You will continue to benefit from the FOREX.com VIP program when you maintain an average available daily balance of $25,000 or more while completing at least $200K in average monthly trade volume each calendar quarter, or by maintaining a total quarterly trade volume of at least $50M in forex.
How is my FX trade volume calculated?
Monthly volume is defined as the sum of all FX trades in lot terms for a given calendar month.
How is interest on my available margin calculated?
VIPs earn 4.5% APY on balances between $10,000 and $500,000, while any additional balance in excess of $500,000 will generate interest at 1.5% APY. Interest will be calculated based on the average daily available margin. Average daily available margin is calculated by taking the average of your available margin (trading resources) as of 5PM each trading day during the prior month. Margin utilized for your open positions is not included. Interest will be posted within 15 business days of the following month. APY rates are subject to change daily. This promotion is void where prohibited or restricted by law and subject to all applicable federal, state and local laws and regulations.
When will my monthly trade volume reset?
Your monthly trade volume resets after 5pm EST on the last trading day of the calendar month.
What are cash rebates?
You can earn cash rebates as part of FOREX.com’s FOREX.com VIP status. As a FOREX.com VIP , you’ll enjoy monthly cash rebates on your trades, interest on your available margin (i.e. trading resource), one-on-one support from an experienced relationship manager, reimbursement of bank fees, and more.
Managed Accounts and accounts referred by an Introducing Broker are not eligible for the FOREX.com VIP program. Learn more about cash rebates with the FOREX.com VIP program.
Do I have to apply for cash rebates?
No. You’ll automatically qualify for FOREX.com VIP status and the ability to earn cash rebates when you open an account with a minimum $10,000 or trade $50M of volume in a calendar month.
Are there any fees associated with earning cash rebates?
No, there are no fees associated with earning cash rebates.
What are the cash rebate levels?
Cash rebates are available on FX trades according to the trading levels based on your monthly trade volume. You can view the levels on the FOREX.com VIP page.
What are the requirements for continuing to earn cash rebates?
You will continue to earn rebates from your FOREX.com VIP status when you maintain a total quarterly trade volume of at least $50M or an average account balance of at least $25,000.
When are rebate levels applied to my account?
Cash rebates are available on FX trades only according to predefined trading tiers. Rebates will generally be posted to the account within two business days of the following month, but there may be occasions where the process takes longer. Clients are free to either withdraw or utilize the rebate for trading. Terms and conditions apply. Learn more about cash rebates.