
Becoming an Introducing Broker with Rock-West opens up exciting opportunities for both you and your clients. At Rock-West, our Introducing Broker (IB) program is designed to help you maximize your potential through strategic collaboration. If you’re new to our platform and considering applying for the IB program, this guide will walk you through the application process How to Become a Partner? [link to blog]
Rock-West offers a range of partnership plans designed to cater to various needs and business models. Understanding these plans can help you align your goals with the right partnership structure. To dive deeper into our partnership options and find the plan that best suits your business model, you can explore our partnership plans - What Are the Available Partnership Plans in Rock-West?
Net Deposit Bonus - How to apply?
At Rock-West, we offer a special net deposit bonus to our Introducing Brokers to reward their success and commitment. If you want to apply for the bonus, please contact to your account manager.
Terms and conditions:
The present document outlines the terms and conditions governing the eligibility, calculation, adjustment, payment, and exclusion rights associated with the net deposit bonus program of Rock-West (hereinafter as the “Company”).
The Company will award net deposit bonuses to approved IBs in accordance with the table and conditions set forth below:
Net Deposit Requirement ($) | Closed Trade Volume Requirement ($ min) | Bonus ($) |
7,500 | 7.5 | 150 |
15,000 | 20 | 400 |
30,000 | 45 | 900 |
50,000 | 100 | 2,000 |
100,000 | 250 | 5,000 |
The Company reserves the exclusive right to review and amend the net deposit bonus scheme from time to time at its sole discretion.
Eligibility:
The net deposit bonus will be awarded only if:
The required minimum net deposit is reached.
The required closed trading volume is reached.
IB is confirmed for the net deposit bonus program.
Calculation:
The bonus is calculated on the last day of the month following the initial deposit (for example, if the first deposit occurs in September, the bonus will be calculated on October 31st).
The net deposit and closed trade volume requirements are calculated cumulatively over the time.
Bonus Adjustment:
If a higher bonus tier is reached in subsequent months, the difference between the new bonus amount and the previously awarded bonus will be awarded.
A bonus for the same bonus tier will not be awarded more than once.
Payment:
The bonus shall be credited to the IB account within seven (7) working days following the bonus calculation.
Right to Exclude and Take Action:
The Company reserves the right at its sole discretion to exclude IB’s from the Net Deposit Bonus and take further actions if the Company has doubts about the eligibility of the IB to participate in the Net Deposit Bonus program, and in such instances, the IB will be duly notified by the Company.
EXAMPLES
EXAMPLE 1: IB gets approved for Net Deposit Program on the 15th of September. IB’s clients deposit $10K and withdraw $2K in the period from 15th of September to 31st of October. The closed trade volume reaches $8mln.
Calculation: The first calculation is performed on the 31st of October (the month following the initial approval). Net Deposit = $10K-$2K = $8K. This is greater than the $7,500 requirement. Closed trade volume at $8mln is greater than required $7.5mln. $150 bonus is paid.
EXAMPLE 2: The same IB’s clients bring an additional $10K in Net deposits in November. The IB’s clients do an additional $15mln in closed trade volume.
Calculation: The calculation is performed on the 30th of November. Net Deposit = $8K + $10K = $18K. Closed trade volume = $8mln + $15mln = $23mln. The IB qualifies for the $400 bonus. Because the IB already received $150, a difference is paid: $400-$150 = $250.
For further assistance or specific inquiries, don’t hesitate to reach out to our support team. We’re here to help you succeed in your trading endeavors.
Happy trading with Rock-West!