The Core Spreads Loyalty Scheme rewards traders that trade with us on the Core Trader platform and who help us grow. You earn Core Points and at the end of the month your total determines your spread or commission rebate % in the following month.
Each month end we look at how many Core Points you have; that will determine where you sit in our rebate ladder. This is the rebate % (or discount) you will receive on your next month’s total spread or commission.
Once verified the cash rebate is paid into your account and it’s unrestricted, Core Spreads believes in transparency when it comes to bonuses which is why we don't have any complicated release criteria. This means you can trade with your loyalty bonus or withdraw it as you wish.
We know traders don’t trade all the time so Core Points don’t disappear after a month, they roll forward, reducing by a third each month following the month they are earned.
When you become a client you are enrolled automatically in our Loyalty scheme and so for CoreTrader accounts you can generate Core Points on the spread you trade.
The trader trades £425 of spread. First of all that generates a cash rebate paid shortly after the end of month 2 of £21.25 (£425 x 5%). The Core Points generated during month 2 total 425. The Core Points generated in month 1 are depreciated by a third, making them worth 363 (550 x 66.6%) and are added to the 425 generated in month 2 to give the trader a Core Points balance of 789 at month end. That secures a rebate level of 6% for month 3.
|Trading - 1 point per £ of spread||425|
|Trading - 1 point per £ of spread||780|
The trader trades £780 of spread in month 3.
The cash rebate paid just after the end of month 3 is £46.80 (£780 x 6%). The Core Points generated during the third month is 780, this is added to month 1’s points which are now worth 182 (550 x 33.3%) and month 2’s balance which is now worth 283 (425 x 66.6%) to give a month end points balance of 1,246, securing a rebate level of 7% for the following month.
|Example Balance||MONTH 1||MONTH 2||MONTH 3|
The cycle keeps repeating with cash rebates being paid in arrears just after month end.
* Assumes month 1 and 3 have 31 days and month 2 has 30 days