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Monthly rebates are available to clients who trade in high volumes. Eligible clients who meet our monthly notional value trading requirements for an asset class will automatically qualify for monthly rebates for all asset classes.
At the end of each business day, the notional value of your trades in each asset class will be calculated.
Then, at the end of each calendar month, the total notional value of all your trades in each asset class will be calculated by adding up your daily totals for that calendar month. The total monthly notional value for each asset class is then used to determine the rebate you are due.
The total monthly notional value for each asset class is then used to determine the rebate you are due, with the rebate calculated using the highest tier you achieved and the full volume traded in each asset class. So trading in volumes within the higher tiers will increase the rebate you will receive across your full trading volume in each asset class.
Your rebate will be credited to your account on the second business day, following the end of the relevant calendar month. For example, the rebate due for June 2016 will be credited to your account by close of business on 4 July 2016.
Our rebates are tiered, so that the more you trade with us, the greater the monthly rebate you will receive. You will be credited with the highest-tier rebate you qualify for, across your full monthly trading volume in each asset class.
Our monthly rebates will not be available to all clients. In order to qualify for our monthly rebates you must be an eligible client and meet the minimum monthly notional value trading requirements outlined on the CFD rebates page.
CMC Markets retains the right to withdraw or amend its monthly rebates at any time, without prior notice and at its sole discretion. Payment of any rebate does not represent a commitment to provide a rebate in the future.
Although our monthly rebates will usually be credited by close of business on the second London business day of the following calendar month, there may be occasions where it takes longer to process the payment and CMC Markets will not be liable for any such delay or for any (direct or indirect) loss caused by such delay. CMC Markets will also not be liable for any (direct or indirect) loss caused by a missed rebate payment.
Payment of a rebate should not form the basis of any decisions you make in relation to your account activity. Furthermore, a rebate payment is not intended to limit your liability in respect of your trades and may not be used to set-off any payment obligation you have to us.
A rebate payment cannot be used to satisfy your total margin requirement, until such time as the rebate payment has been credited to your account. Please note that normal rules and procedures in relation to account close-out will continue to apply and you should not rely on a rebate payment to prevent an account close-out.
For more information or to see whether you are eligible for monthly or quarterly rebates, please contact our Client Management team on 1800 559 6000.