The Credit Rebate Program offers you the opportunity to earn rebates on your trades based on your trading volume. Rebates are payable only on each trade executed after reaching specific trading volume milestones.
There are three trading milestones in the program. Once the total trading volume hits $100,000, users will receive a 10% trading fee rebate for each subsequent trade. When the total trading volume reaches $500,000, the rebate increases to 15% for each subsequent trade. Finally, once the total trading volume reaches $1,000,000, the rebate climbs to 20% for each subsequent trade.
The rebate amount for each qualifying trade will be credited to your baraka account within 5 working days from the day the trade is executed. These rebates will be credited as stock credits, which can only be utilized for purchasing additional stocks on the baraka platform. It's important to note that these credits cannot be withdrawn as cash or transferred to another account.
Credit Rebate Program Terms
1. To be eligible for a rebate, you must be a registered Baraka user.
2. Rebates will only be payable on each trade executed (“Qualifying Trade”) after you reach the relevant trading volume milestone (“Trading Milestone”).
The Trading Milestones and relevant trading fee rebate percentages are as follows: When total trading volume hits $100,000, you will receive a 10% trading fee rebate for each subsequent trade.
When total trading volume hits $500,000, the rebate increases to 15% for each subsequent trade.
Once total trading volume reaches $1,000,000, the rebate climbs to 20% for each subsequent trade.
Trading volume is calculated over a 12-month period starting from the date the Credit Rebate Program goes live. This volume will reset at the end of each 12-month period.
3. The rebate will be credited to your account for each Qualifying Trade no later than 5 working days from the day the Qualifying Trade is executed.
4. Rebates are credited as stock credit, which can only be used for purchasing additional stocks on the Baraka platform. These credits cannot be withdrawn as cash or transferred to another account. By participating in the Credit Rebate Program, you acknowledge and accept this condition.
5. Baraka Financial Limited reserves the right, in its sole discretion, to vary or withdraw the Credit Rebate Program at any time, or to decline requests to participate in the Credit Rebate Program.