December 2024 — Dukascopy Bank, a leading Swiss financial services provider, has unveiled its highly anticipated High-Volume Cashback Program, designed to reward active traders by offering substantial cashback on commission fees. The program is tailored to high-volume traders and offers a unique opportunity to reduce trading costs based on the amount of trading volume generated each month.
Under the new program, traders who reach a monthly trading volume of $500 million or more are eligible for cashback on the commissions paid, which can be up to 100% based on the total monthly trading volume. The cashback is progressively tiered, with higher volume levels unlocking greater cashback percentages, starting from 20% for traders who surpass $500 million in volume.
Key Highlights of Dukascopy’s High-Volume Cashback Program:
- Up to 100% cashback on commission fees for volumes exceeding $500 million.
- Monthly volume is counted across all margin accounts.
- Cashback is credited at the start of the following month.
- Progressive cashback levels that increase with higher trading volumes.
- Easy way to reduce trading costs for high-volume traders.
Cashback Structure:
The program offers a tiered cashback structure that allows traders to earn more as their monthly trading volume increases. The cashback percentage is applied to commissions paid on the volume above $500 million, as outlined in the following table:
Important Program Details:
- Consolidated Volume: If a trader holds multiple margin accounts, the total trading volume across all accounts is considered.
- Cashback Payment: Cashback earned in one month will be paid at the beginning of the following month.
- Stock CFDs Exclusion: Cashback does not apply to commission fees for trading Stock CFDs.
- Program Limitations: If traders are already benefiting from another commission discount program, the combined discount and cashback cannot exceed 50% of the standard commission rate.
Examples of Potential Cashback Earnings:
Example 1:
A trader with a commission rate of $16 per million for Forex (FX) who trades $1.1 billion in total volume in a month can earn the following cashback:
- First $500M of Forex trades: 0% cashback = $0
- Next $500M of Forex trades: 20% cashback = $1,600
- Next $100M of Forex trades: 40% cashback = $640
Total Cashback: $2,240
Example 2:
A trader with a commission rate of $16 per million for Forex (FX) and $24 per million for commodities, indices, metals, crypto, and bonds, who trades a total volume of $750 million in a month can earn:
- First $500M of Forex trades: 0% cashback = $0
- $200M of Forex trades: 20% cashback = $640
- $50M of other products (e.g., commodities): 20% cashback = $240
Total Cashback: $880
Conclusion:
The High-Volume Cashback Program is designed to provide significant savings for active traders, rewarding them with a higher percentage of cashback as their trading volume increases. This initiative strengthens Dukascopy’s commitment to delivering cost-effective and competitive trading solutions for its clients, ensuring they can focus on what matters most — maximizing trading opportunities with reduced costs.
About Dukascopy Bank: Dukascopy Bank is a Swiss-based online banking and financial services provider, specializing in Forex trading, margin trading, and investment services. Known for its innovative approach to trading, Dukascopy offers a robust platform for both retail and institutional clients, with competitive spreads, low-cost trading, and cutting-edge financial products.
