What happens at month-end?

Topics Loyalty Scheme

Several things. Firstly we take your Core Points balance at the end of the month and work out your rebate level for the next month as per our rebate ladder.  This will set your rebate level for the next month.

We also finalise and pay the cash rebate amount earned during the prior month based on the rebate level set the previous month-end.  The rebate amount is applicable spread and commission traded x rebate level.  Your rebate amount is verified by our Finance Department and applied to your trading account within 7 working days.

We will email you detailing your Core Points balance, rebate level for the next month, spread & commission traded in the month and cash rebate.

How is my spread calculated?

Topics Loyalty Scheme

Spread is only used in the Loyalty scheme if it is generated from a CoreTrader account.  With respect to the loyalty scheme MT4 accounts can only generate commission.

On index, fx and commodities spread is calculated by multiplying the size of your stake and the bid-offer spread on each trade you make. If you made a £10 a point trade on the UK100 at our fixed spread of 0.8 points, that would generate £4 on the opening and £4 on the closing trades. That’s £8 of spread.

On equites only the add on spread is considered spread (the underlying market spread is excluded from the calculation).

What are Core Points?

Topics Loyalty Scheme

Core Points are a way of determining your rebate level.  The amount of Core Points you have at month-end determines your rebate level (expressed as a %) for the following month as per the rebate ladder. Core Points cannot be used to trade with, they are just a way to work out your rebate level.

You earn Core Points by trading with Core Spreads and engaging with us on social media.

How long do Core Points last?

Topics Loyalty Scheme

We recognise traders don’t trade all the time. Core Points do not disappear at the end of the month they are earned. Core Points earned in one month depreciate equally over the next three months. This is to ensure fluctuations in the amount of Core Points you earn are evened out.

By way of an example, if you earned 150 Core Points in June, 100 of these points would count towards your balance at the end of July, 50 towards August and none towards September.

What happens if I stop trading?

Topics Loyalty Scheme

If you continue the social media interactions, you will continue to earn Core Points. However, if you are not trading any spread then there is nothing to apply your rebate amount to.

Core Points depreciate equally over the following three months, so if you stopped the social engagement and trading your balance would slowly reduce to zero.

How do I earn Core Points?

Topics Loyalty Scheme

The main way is by trading with us.  For CoreTrader accounts for every £/€/$ of spread traded with us you earn one Core Point.  If you traded £500 of spread in a month that is 500 Core Points.

For MT4 accounts for every £/€/$ of commission generated on FX, gold and silver markets with us you earn one Core Point.

The other way is by helping us grow our social media by engaging with us. You can earn Core Points in the following ways:

  • for every day you follow us on Twitter you earn one point.
  • each time you retweet a Core Spreads post you earn 5 Core Points (max per month 5 retweets); and
  • like us on Facebook and earn one Core Point per day.

We’ll be adding other ways to earn Core Points in the near future.

What are the social media interactions that earn Core Points?

Topics Loyalty Scheme

There are a number of ways in which you can earn Core Points by engaging with us through social media:

  • for every day you follow us on Twitter you earn one point.
  • each time you retweet a Core Spreads post you earn 5 Core Points (max per month 5 retweets); and
  • like us on Facebook and earn one Core Point per day.

When can I spend my rebate?

Topics Loyalty Scheme

There are no release criteria, the cash rebate is yours when we credit it to your account in the 7 working days following month-end. You can withdraw it or trade with it. There are no restrictions.

How do I follow you on Twitter?

Topics Loyalty Scheme

Simply navigate to the Core Spreads profile on Twitter and click on the ‘Follow’ button near the top of the page. Make sure to register your Twitter ID with us in the trading platform so we know it’s you.

How do I like you on Facebook?

Topics Loyalty Scheme

Just search for Core Spreads in the search bar at the top of your Facebook homepage. Once you’ve navigated to our profile, you can like us by clicking the ‘Like’ button near the top of the page and earn one Core Point per day.

Do I need to do anything to sign up?

Topics Loyalty Scheme

All our clients are automatically enrolled on the scheme, so you don’t need to do anything unless you want to earn Core Points by engaging with us on social media. To do this, simply tell us your Twitter handle and Facebook name by going to the Rewards section of the trading platform and then follow or like us on the respective platform.

Do I need to do anything at month-end?

Topics Loyalty Scheme

Everything is done automatically by us. At month-end we will email you detailing the Core Points you have obtained and the rebate you have been awarded for your next month’s trading, along with what you traded in the prior month and your cash rebate amount.

How do I maximise my rebate level?

Topics Loyalty Scheme

You can get higher up the rebate ladder by increasing the spread (CoreTrader) or commission (MT4) you trade with us, and by engaging with us on social media. The rebate level can get as high as 25% of your total spread or commission traded.

How does the loyalty scheme work?

Topics Loyalty Scheme

As a Core Spreads trader, you get rewarded with Core Points every time you trade or engage with us on social media. At the end of the month, we award you a rebate level as determined by our rebate ladder for your following month’s trading, derived from the amount of Core Points in your account.

So, if you have 5,000 Core Points at the end of February, you will be awarded a rebate of 15% for your trades in March. A cash rebate will then be paid into your account at the start of April, which you can trade or withdraw, this would be calculated by taking the spread or commission you traded in March multiplied by the 15%.

Every trader is automatically enrolled, and we will email you at the end of every month detailing your Core Points balance, rebate level and cash rebate.