CFD rebates

Earn monthly cash rebates when CFD trading with ALFATRADING-MARKETS on these asset classes:
Professional clients only

Monthly CFD rebates structure

If you trade in high volumes, you can qualify for competitive monthly cash rebates on forex, indices and commodities. When you meet our monthly trade value requirements for one asset class, you automatically qualify for rebates from your first trade placed on other asset classes. Please note that rebates are not generally available on shares and treasuries.

Forex

How it works: Your total monthly CFD trade value for forex will need to be at least £50m to qualify for rebates. When you reach this level, you earn either £5, £7 or £10 depending on the tier you achieve, for every £1m you trade, from your very first trade in the month. You also receive holding cost adjustment rebates if you reach at least tier 1.

Tier	Threshold Value of trades (m)	Rate Earned per 1m traded	Holding cost adjustment rebate
1	50 - 200	5	25%
2	200 - 300	7	50%
3	300 +	10	75%

_{Note: m = million. Amounts shown in £}

Trading volume rebate example

Your total trade value in the month is £250m. You therefore achieve tier 2
The tier 2 rebate rate is £7 for every £1m you trade in the month
Your monthly volume rebate = £1,750 (250 x £7)

Holding cost rebate example

Holding costs are calculated using the underlying market rate, +/- a ALFATRADING-MARKETS adjustment
Our holding cost adjustment for currencies is 1%
As you achieved tier 2, you receive a rebate of 50% for all adjustments paid in the month

Indices

How it works: Your total monthly CFD trade value for indices will need to be at least £80m to qualify for rebates. When you reach this level, you earn either £2, £5 or £7 depending on the tier you achieve, for every £1m you trade, from your very first trade in the month. You also receive holding cost adjustment rebates if you reach at least tier 1.

Tier	Threshold Value of trades (m)	Rate Earned per 1m traded	Holding cost adjustment rebate
1	80 - 100	2	12%
2	100 - 200	5	24%
3	200 +	7	40%

_{Note: m = million. Amounts shown in £}

Trading volume rebate example

Your total trade value in the month is £150m. You therefore achieve tier 2
The tier 2 rebate rate is £5 for every £1m you trade in the month
Your monthly volume rebate = £750 (150 x £5)

Holding cost rebate example

Holding costs are calculated using the underlying market rate, +/- a ALFATRADING-MARKETS adjustment
Our overnight holding cost adjustment for indices is 0.0082%
As you achieved tier 2, you receive a rebate of 24% for all adjustments paid in the month

Commodities

How it works: Your total monthly trade value for commodities will need to be at least £10m to qualify for rebates. When you reach this level, you earn either £3, £5 or £7 depending on the tier you achieve, for every £1m you trade, from your very first trade in the month. You also receive holding cost adjustment rebates if you reach at least tier 1.

Tier	Threshold Value of trades (m)	Rate Earned per 1m traded	Holding cost adjustment rebate
1	10 - 20	3	12%
2	20 - 30	5	24%
3	30 +	7	40%

_{Note: m = million. Amounts shown in £}

Trading volume rebate example

Your total trade value in the month is £25m. You therefore achieve tier 2
The tier 2 rebate rate is £5 for every £1m you trade in the month
Your monthly volume rebate = £125 (25 x £5)

Holding cost rebate example

Holding costs are calculated using the underlying market rate, +/- a ALFATRADING-MARKETS adjustment
Our overnight holding cost adjustment for commodities is 0.0082%
As you achieved tier 2, you receive a rebate of 24% for all adjustments paid in the month

Conditions

Our monthly rebates are not available to all clients. In order to qualify for our monthly rebates you must be an eligible client and meet the minimum monthly trade value requirements outlined above.

ALFATRADING-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 business day of the following calendar month, there may be occasions where it takes longer to process the payment and ALFATRADING-MARKETS will not be liable for any such delay or for any (direct or indirect) loss caused by such delay. ALFATRADING-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 a 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.

The rebate is subject to, and contingent upon, your compliance with ALFATRADING-MARKETS’ Terms of Business. In addition to any other rights and remedies we may have, any breach or suspected breach of the Terms of Business will entitle ALFATRADING-MARKETS to stop paying the rebate immediately and without prior written notice, and/or reclaim payments previously paid pursuant to these terms.

The rebate will not be payable in respect of any trades that are subsequently voided, reversed or cancelled by ALFATRADING-MARKETS in accordance with the Terms of Business and related documentation. If the rebate has already been paid in respect of any trades that are subsequently voided, reversed or cancelled by ALFATRADING-MARKETS, ALFATRADING-MARKETS will deduct the rebate paid in respect of such trades from your Account.

For more information or to see whether you are eligible for monthly rebates, please contact our Client Management team on +44 (0)20 7170 8209.

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