ActivTrades Sets Up Premium Cashback Program After Launch of Proprietary Platform
ActivTrades, a London-based retail FX and CFD broker regulated by the UK Financial Conduct Authority, has launched a premium Cashback program
ActivTrades, a London-based retail FX and CFD broker regulated by the UK Financial Conduct Authority, has launched a premium Cashback program, exclusively for eligible professional clients, where they are awarded rebates on spread and swaps, as well as interest on unused margin.
Customers are required to trade a monthly average of at least €50 million in notional volume (ex 500 lots of EUR/USD) in order to qualify for rebates, which are then calculated based on 20% of the target spread and 20% of the total swaps. In addition, the broker announced it will pay interest on the average free margin held by the customer during a calendar month, based on an annual rate of 1.25% for Euro, 1.50% for USD, 1.00% for CHF and 1.10% for GBP accounts.
Alex Pusco, Chief Executive Officer of ActivTrades, commented:
“We are extremely excited about our new Cashback Program. This is a scheme that provides real value and full transparency for high volume traders. Clients enrolled in the scheme will find a new widget in the personal area of our website, showing the notional traded value balance and the potential or acquired rewards, in real time.”
Earlier this year, the award-winning online brokerage unveiled its advanced proprietary trading platform, ActivTrader, which is a product of ActivTrades’ commitment to innovation, boasting an intuitive interface that allows quick and flexible trading in a sophisticated environment.
Delivering online CFD trading services, ActivTrader offers a range of advanced features, including the ‘Market Sentiment’ function which provides a real-time indication of the market direction; the ‘one-click trading’ functionality, that allows the placement of orders (to market or pending) directly from the charts; and the ‘Net All’ feature which allows users to react to price actions and technical signals by quickly aggregating open positions on the same instrument.
At the time of launch, CEO Alex Pusco said the company “entered a new dimension” with its brand new ActivTrader Server. “Having performed brilliantly on thousands of demos last year, it is now processing live accounts. We look forward to considerably accelerating our growth and becoming the recognised leader in the Online Trading Industry. This server is our own property, and has been built to accommodate our present and future needs. And much like ActivTrades itself, it is versatile, fast, and open to change”, Pusco added.
In March 2019, the firm appointed Michael Lippa, former Managing Director of IG Group subsidiary, Brokerhouse IG, to the position of Chief Commercial Officer. He will be responsible for the growth of the company’s European operations and will report directly to founder and CEO, Alex Pusco.
Last year, ActivTrades set up a new office in the Bahamas, based out of Nassau, with the purpose of growing its international clientele base with a greater focus on South American and Asian regions.
Reporting by Rick Steves. Filed 3 May 2019, 07:07 GMT.
Senior Reporter, Regulation and Fintech
Rick Steves has seen business and economics through many lenses. He joined the financial services industry in 2009, and has been a financial journalist since 2011.
