1. Terms and interpretation
1.1. “Introducing Broker” (further referred to as “IB”) denotes such
Client who opened a partner account at Octa Markets
Incorporated (further referred to as “Company”).
1.2. “Referral link” denotes a special link to Company’s website
containing a unique Client identifier. A referral link is the main
means of client attraction and tracking by an IB.
1.3. “ID” denotes an IB’s unique identification number.
1.4. “IB commission” denotes amount payable by the
Company to IB for its clients’ trading operations
1.5. “IB Account” denotes a special real account belonging to an
IB, onto which the commission is credited.
1.6. “Active client” denotes a client account which has a
cumulative personal funds of 100 or more USD in all his/her
accounts AND has at least 5 valid orders closed within the last 30
days from the current date.
1.7. “Valid order” denotes a trade compliant with
ALL the following conditions:
1.7.1. The trade lasted for 180 or more seconds;
1.7.2. The difference between Open Price and Close
price of the order equals or more than 30 points (3 pips
in 4-digit precision terms);
1.7.3. The order was not opened or closed by means of
Partial close and/or Multiple close by.
1.8. “IB Rank” denotes a certain IB status, depending on which
the IB commission value is determined. The table of IB Ranks is as
follows: