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What are Referrals?

Referrals are structured partnership programs where:

  • Existing clients introduce new traders to the platform
  • Referrers earn commissions based on their referrals' trading activity
  • Multi-level relationships can be established (parent-child hierarchy)
  • Different program types cater to various partner needs

Why Referrals are Required​

Referral programs are essential for sustainable platform growth because they:

  • Leverage existing client networks to acquire new traders
  • Create additional revenue streams for active community members
  • Build trust through personal recommendations
  • Reduce customer acquisition costs
  • Foster a growing trading community

Required Components​

Program Structure​

  • Referral Types: Define commission rules and payout schedules
  • Client Hierarchy: Parent-child relationships with multiple levels
  • Commission Models: Revenue share or fixed amount per lot
  • Status Management: Enable/disable functionality for participant control

Client Management​

  • Referral Clients: Track all participants in referral programs
  • Relationship Mapping: View and manage parent-child connections
  • Reward Tracking: Monitor commission earnings and payouts
  • Status Control: Activate or deactivate referral participation

Operational Requirements​

  • Currency Settings: Define commission payment currencies
  • Execution Types: Set commission calculation methods
  • Payout Schedules: Configure regular payment cycles
  • Commission Amounts: Standard rates per lot traded

Core Functionality​

The referral system enables:

  • Automated commission calculations
  • Multi-level partnership tracking
  • Flexible program configurations
  • Real-time performance monitoring
  • Streamlined payout processing