How to configure cashback programs for MT4 and MT5

Learn how to set up cashback for MT4/MT5 by configuring rates, tiers, account types, and creating a cashback deposit method for rewarding clients

You can configure cashback reward programs for clients who trade on MT4/5.

The cashback is earned for each lot traded on a client’s MT account over a day, based on closed positions, and deposited to the client the following day.

The cashback is deposited to clients with the deposit method that uses the cashback provider (for details, refer to How to create a deposit method for rewarding cashback).

To configure a cashback program:

1

Navigate to Cashback > MetaTrader Volume.

2

Select the MT platform for which you want to configure the cashback program: MetaTrader 4 or MetaTrader 5.

3

On the Preferences tab, configure the following settings:

• In the Cashback value field, enter the fixed rate rewarded per each traded lot. The cashback value can be denoted as an integer or decimal value.

  The cashback amount is calculated as follows:

  Cashback amount = Cashback value * Number of traded lots

• In the Cashback currency dropdown, select the cashback program currency.

• In the Account destination type dropdown, select the type of the account to which the cashback is rewarded:

  • Trade — the cashback is rewarded to the client’s MT trading account on which the volume taken for cashback calculations has been traded.

  • Personal — the cashback is rewarded to a client’s account of the personal type, such as a wallet, denominated in the cashback program currency.

• In the Ignored symbols groups dropdown, select the symbols that you want to exclude from cashback calculations.

• In the Accounts platform groups allowance dropdown, select the MT account groups. By default, all the account groups configured on the MT platform are selected.

• If the Accounts number allowance field is empty, all the MT trading accounts included in the groups selected in Accounts platform groups allowance field are rewarded the cashback.

• In the Accounts number allowance field, enter MT account numbers separated by commas.

• If one or more MT account numbers are listed in this field, only the listed accounts are rewarded the cashback and the Accounts platform groups allowance option is ignored.

4

To enable the cashback program, select Enabled.

5

Click Save to apply the changes.

After saving the changes, the Updated field displays the date when the cashback program was configured or last modified.

How to add cashback reward tiers

You can add one or several tiers that determine the increased cashback rates for clients who have traded certain volumes over a day.

Add a cashback reward tier:

1

Navigate to Cashback > MetaTrader Volume.

2

Select the MT platform for which you want to configure cashback reward tiers: MetaTrader 4 or MetaTrader 5.

3

Access the Tier tab, and click +Create.

4

In the Name field, enter the tier name.

5

In the Cashback value field, enter the increased cashback rate that is used instead of the rate specified on the Preferences tab if the volume traded on an MT account over a day has reached the required tier volume.

6

In Trading volume, lots field, enter the number of lots that must be traded in order to receive the increased cashback.

7

Click Save to apply the changes.

If during a day a client has traded on their MT account the volume that matches the tier volume or more, the cashback for this MT account is calculated against the increased cashback rate.

How to create a deposit method for rewarding cashback

The cashback is rewarded to clients with the deposit method that uses the cashback provider. This method is used only for depositing the cashback and isn’t available to clients in the B2CORE UI.

Create the deposit method for rewarding the cashback:

1

Navigate to System > Deposit system > Deposit methods.

2

Click +Create, and fill in the following fields:

• In the Name field, enter the deposit method name used in the Back Office.

• In the Caption field, enter the deposit method caption used in the Back Office.

• In the Provider dropdown, select cashback.

• In the Currency dropdown, select the same currency as in the Cashback currency field of the configured cashback program for MT4 or MT5.

• In the Connection dropdown, select Not selected.

3

Click Save to add the method.

4

On the Settings tab, fill in the following fields:

• In the Enabled dropdown, select Yes.

• The Group field is set to Not selected by default. This deposit method can’t be included in any deposit method group.

5

Click Save to apply the changes.

6

Access the TR Currencies tab, and make sure that the added transaction currency matches the cashback program currency and is enabled.

7

If the transaction currency isn’t enabled, click Edit, and select Yes in the Enabled dropdown.

8

Click Save to apply the changes.

How to identify clients who received cashback rewards

Get a list of clients who have already received the cashback and view transaction details:

1

Navigate to Finance > Deposits.

2

To get a list of cashback transactions, select the name of the deposit method used for rewarding the cashback in the dropdown displayed under the Payment method column.

3

To view the details of a specific transaction, click the Edit button located in the transaction row.