¶ 1. Create pip value
🚥Path: Rebate > Pip Value > Add
In addition to rebates based on fixed amounts, the platform can also rebate commission based on pips; if you need to rebate commission based on pips, you must first set the pip value of each lot (i.e. the value of each pip).
rebate amount = pips for rebate × pip value × trading lots
Trading pairs with the same point value should be placed in the same point value group, and trading pairs in the group will receive commission at the same point value. Trading pairs with no point value set are treated as 0 by default. If there are duplicate trading pairs point value, the rebate will be calculated based on the highest sorted point value.
¶ 2. Set pip value settlement rebate rules（taking trading rebates as an example）
🚥Path: Rebate > Trading Rebate > Add > Settlement Type
When creating a rebate rule, if you need to rebate based on pips, you can set the settlement type to "Dot" (as shown below).
Settlement unit for each lots: usually the rebate is a certain amount per lot, or a certain number of pips per lot.
Settlement unit for each order: under special circumstances, it may also be processed on a per-order basis, that is, no matter how many lots the customer trades, the amount of rebates received will be the same. The amount of rebates received for trading 1 lot and trading 0.01 lots is the same.
¶ 3. Set fixed point value
🚥Path: Rebate > Pip Value > Point Value Type > fixed point value
For example, in the MT software, the price is opened at 1.10403 and closed at 1.10406. The opening and closing position fluctuates by 3 points and the profit is 3USD. It is inferred that the value of each fluctuation of 1 point is 1USD, that is, the value of each point is 1USD.
¶ 4. Set floating point value
🚥Path: Rebate > Pip Value > Point Value Type > floating point value
In the actual market, as the number of trading lots changes, the point value will also fluctuate to a certain extent. Floating point values facilitate more precise definition of the value of a point.
floating point value = minimum change unit of trading pairs × number of contracts
number of contracts = contract specification × trading lots
For example, the contract specification of EURUSD is 100000, the floating point value per lot = 0.00001 × 100000 × 1 lot = 1
Liquidation Currency：The system will automatically calculate the rebate into the liquidation currency based on the exchange rate.
