I have recently became the IB and would like to refer customers to you. What is considered as “opened” trading account to qualify for commission under option 1?
For the purposes of commission the account is considered to be opened when the customer submits the required documentation and we issue the account number and password. We also look if the account had any trades in the month preceding the date when commission payments are due to the IB. We will not pay commissions for “dummy”, not working accounts and will not tolerate any abuse of the referral system.
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