Bonus Program FAQs
To sign up to receive monthly cash bonuses on your Forex trades simply send an email to accts@traderschoicefx.com and request the "Bonus Program Documentation". One of our reps will send you full instructions on how to join and will help you every step of the way.
Monthly bonuses are paid out during the 2nd half of each month; this is after 45 days of trading. For example: July trading bonuses = Issued in the 2nd half of September. Once you receive your first bonus, you will receive one every month thereafter as long as your total bonus is at least $10.
We take the number of closed standard lots traded for the month and multiply by your monthly bonus pip rate. For example: 5 standard closed lots X .5 pips [~$5]= $25.00
The fee that we charge to process your monthly bonus each month. This is based on a percentage of your payout. If using PayPal, PayPal charges 2% in fees for each transaction. If the rebates are paid directly to your account, there is no fee.
Depending on how much research needed this can take up to 5 business days, but does vary. We try to make sure you get an acknowledgement email as soon as we read your email, so this will go out within 24 hours, during business hours.
No, only one agreement is necessary. All account holders must sign and initial each page of the agreement though.
You must have a premier or business account or confirm with PayPal that your account is able to accept incoming funds.
Yes, you can enroll as many accounts as you would like in our bonus program, please include all of your accounts on the bonus program, under contact information. If you open an additional account after you are enrolled, simply send an email to accts@traderschoicefx.com and we can confirm that the account is in the bonus program. If the account is under a different name, such as a business, we will need for you to provide all documents listed under 'Option 2' on the bonus agreement for this account.
Yes, our accounting system automatically does not send out monthly bonuses that are under $10. To have your lower monthly bonus added to your next monthly bonus, please email accts@traderschoicefx.com and please let them know which month you are requesting.
Currently we offer direct rebates at FXCM, FX Solutions, FXDD and GAIN Capital (forex.com). We are working hard to add all our brokers to this list ASAP.
Yes, we payout on your total volume for closed lots, no matter what size lots they are each month. The pip rate is based on a standard (100K) lot size, so as your lots size decreases, so does your pip rate. [i.e. 1 St. Lot = $5; 1 Mini Lot = $.50; 1 micro lot = $.05)
.2 pips; higher volume customers can be eligible for a higher bonus; we also offer promotions throughout the year where new customers can start with a higher monthly bonus rate. Please Contact Us.
