January 2025 — FXCL, a leading online forex and CFD trading platform, is excited to announce the launch of its new Cashback Account program, an innovative loyalty initiative designed to reward traders with credits based on their deposits and trading volumes. This program allows FXCL clients to turn earned credits into profits, offering an exciting way to increase their trading potential while benefiting from exclusive rewards.
How the FXCL Cashback Account Program Works
FXCL’s Cashback Account program is designed to reward clients with credits when they deposit funds and trade on their live accounts. Traders can use the credits for real-time trading and easily withdraw profits made through these credits. Key details of the program include:
- 5% Cashback on Deposits: For every deposit made into a live account, FXCL will add 5% of the deposit amount as credits to the trader’s Cashback Account. For example, depositing $500 into a live account will earn the trader $25 in credits.
- 5% Deduction on Withdrawals: When a trader withdraws funds from their live account, 5% of the withdrawal amount will be deducted from the Cashback Account. For instance, withdrawing $100 will result in a $5 reduction in the Cashback Account credits.
- Weekly Trading Volume Rewards: Traders can also earn credits based on their weekly trading volume. FXCL calculates and adds credits to the Cashback Account on Saturdays based on the trading volume accumulated from Monday to Friday. The base rate for Forex instruments is $6 per standard lot, with higher multipliers for increased trading volume.
Credit Calculation Example:
- 1x Multiplier (2-10 lots): A trader with 7 standard lots traded will earn $42 in credits ($6 * 7 lots * 1 multiplier).
- 2x Multiplier (10-30 lots): A trader with 15 standard lots traded will earn $180 in credits ($6 * 15 lots * 2 multiplier).
- 3x Multiplier (over 30 lots): A trader with 45 standard lots traded will earn $810 in credits ($6 * 45 lots * 3 multiplier).
No Limits or Restrictions on Trading with Cashback Credits
Once credits are earned in the Cashback Account, traders can use them to place trades without any restrictions. Additionally, while the Cashback Account cannot be used to participate in bonus programs or promotions, the profits made from using the credits can be withdrawn via any available payment method.
Important Terms & Conditions:
- Validity Period: The Cashback Account NY Boost program will be active from January 13, 2025, to February 9, 2025.
- Deposit Limits: 5% of deposit amounts will be credited, and 5% of withdrawal amounts will be deducted from the Cashback Account.
- Trading Volume Calculations: Only non-hedging standard lots count toward earning credits. Volumes from Forex instruments, excluding Crypto and Indices, will be considered.
- Account Eligibility: The Cashback Account is available to verified FXCL clients, excluding those from the Philippines and traders using the Live Contest Account.
- Expiry of Credits: Credits will expire 30 days after they are issued.
A Win-Win for FXCL Traders
FXCL’s Cashback Account program offers a unique way for traders to earn additional credits while trading. This reward system aims to enhance the trading experience by providing traders with more opportunities to turn their deposits and trades into profits.
To get started, traders must verify their account and can open only one Cashback Account at a time. The Cashback Account is an excellent way for both new and experienced traders to maximize their earning potential on FXCL’s platform.
For more information on the Cashback Account program and to open an account, visit the FXCL website or contact customer support.
About FXCL: FXCL is a renowned online forex and CFD broker that provides a wide range of trading instruments, including forex, commodities, stocks, and indices. FXCL offers advanced trading tools, tight spreads, and competitive leverage options to clients worldwide. With a focus on customer satisfaction and innovation, FXCL continues to expand its offerings to cater to the needs of traders in the evolving financial markets.