Professional cash rebates just got bigger
All asset classes excluding share CFDs
Volume (AU$) | Rebate per million (AU$) | |
Tier 1 | $50m - $99.99m | $4.00 |
Tier 2 | $100m and above | $7.00 |
Share CFDs
Volume (AU$) | Rebate on Commission (AU$) | |
Tier 1 | $1.5m - $4.99m | 10% |
Tier 2 | $5m and above | 20% |
interest scheme
As a City Index Professional trader, the more you trade with us, the more you will receive in monthly cash rebates. All rebates are calculated on a trade volume basis, with a monthly minimum of AU $50m in traded volume per calendar month for all assets excluding share CFDs, or AU $1.5m for share CFDs.
You will receive monthly rebates according to varying tiers based on your traded volume for that month per asset class, with an interest credit of 5% p.a. on daily average available equity. All rebates will be paid into your City Index Professional trading account at the beginning of the following month.
Rebates only apply to self-directed clients. Managed accounts, and accounts referred by an Introducing Broker are not eligible. The rebate is capped at AU $20,000 monthly per account, per qualifying client. The interest is capped at AU$5,000 per qualifying client.
Cash rebate example
You trade a monthly trading volume of $256m. It is made up of $125m of FX and $131m of indices.
You therefore qualify for Tier-2 rebates:
- On FX at $7 per every $1m traded ($7 x 125 = $875)
- On indices at $7 per every $1m traded ($7 x 131 = $917)
Your total rebate pay-out is calculated as: $875 + $917= $1,792
All values listed above are in AUD.
Interest credit example
Your total interest is calculated using this formula:
Daily average available trading resources* x 5% p.a. x Number of calendar days in a month / 360
Your daily available trading resources are AU$100,000 during a calendar month of 30 days.
Your total interest is calculated as: $100,000 x 5% x 30/360 = $416.67
All values listed above are in AUD.
Apply for a Professional Account
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Open an accountCreate a City Index trading account
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Log inNavigate to MyAccount
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Select ProfessionalDownload the application form
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Complete applicationSubmit any supporting documentation
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Professional Client FAQs
How do cash rebates work?
Cash rebates work by taking the aggregate value of all assets excluding share CFDs trades in a single calendar month – provided you trade a minimum of $50m in the month – and calculating the pay-out level for each asset class.
Let’s say your monthly trading volume is $256m. It is made up of $125m of FX and $131m of indices.
You therefore qualify for Tier-2 rebates:
- On FX at $7 per every $1m traded ($7 x 125 = $875)
- On indices at $7 per every $1m traded ($7 x 131 = $917)
Your total rebate pay-out is calculated as: $875 + $917= $1,792
This is how your interest credit is calculated:
Daily average available trading resources* x 5% p.a. x Number of calendar days in a month / 360
Let’s say your daily available trading resources are AU$100,000 during a calendar month of 30 days.
Your total interest is calculated as: $100,000 x 5% x 30/360 = $416.67
The rebate would be in your account in the first week of the following month. You can contact your dedicated relationship manager for more information. All values in AU.
Ready to open a Pro account? Check your eligibility and then apply here.
How do I qualify for cash rebates?
To qualify for cash rebates, you have to be a Professional Trader and have traded a minimum of AU$50m in a calendar month on all assets excluding share CFDs, or AU $1.5m for share CFDs.
If you do qualify, you’ll receive monthly cash rebates automatically based on the pay-out level for each asset class you trade.
Ready to open a Pro account? Check your eligibility and then apply here.