The Partner Progress Reward is a new reward program available to partners (Bronze, Silver, and Gold levels) in select regions; the rewards are based on each tier achieved. Selected partners will be invited to join through an email and a notification in the Partner Personal Area (PPA).
List of eligible countries
The Partner Progress Reward applies to select partners of the following countries:
- India
- Indonesia
- Bangladesh
- Thailand
- Pakistan
- Vietnam
- Egypt
- Nigeria
- South Africa
The Partner Progress Reward will run for a limited period: from 1st August 2024 to 31st October 2024.
How to earn progress rewards
You will receive an email and PPA notification regarding joining the Partner Progress Reward program. Once selected, follow these steps to earn progress rewards:
- Sign up and accept the terms and conditions by 31st August 2024.
- Qualify for a higher partner level.
- Receive your rewards.
- Find the details of your reward accrual in Progress Reward History under Reports.
Progress Reward calculation
When a new tier is hit (starting with the Silver tier), a partner will be paid the difference between the new and previous tier for 3 months. Your Partner Personal Area (PPA) will display the calculation. Here’s the formula to calculate the Partner Progress Reward:
Progress Reward = Initial Reward x (New reward size - Previous reward size) / Previous reward size
Example: 1000 USD x (37% - 35%) / 35% = 57.14 USD
The pre-calculated Partner Progress Reward is shown at the current time.
The Progress Reward is an estimated value. Your Progress Rewards will be calculated based on your referred clients' trading activity at the end of the current calculation period. This means that the final amount you receive may differ.