Main Provisions of the Program

• You have to register as an FXCL Introducing Broker first to apply for the Networking Agent Program.
• Networking Agents can’t apply for any other FXCL IB Program, except the Exclusive IB Program.
• In order to become the Networking Agent, the IB should meet minimum requirements during the trial period. The trial period lasts three month or a Quarter.
• The calculation of the IB’s results starts from the 1st day of the first month and ends on the 30th day of the third month. The quarters for the Networking Agents may start any month of the year.
• The payment for the past quarter is charged to the Networking Agent’s account during 10 days of the next Quarter.
• Only the Net Deposits of the clients, who have traded at least 1 standard lot per every deposited $1,000 per month will be considered for the Program requirements.
• After approval, in order to start working as a Networking Agent, the IB should press the “Apply” button in the IB section of the Trader’s Cabinet. As soon as the request is send, the IB will stop receiving any IB Commission and will get the new Account, where he will receive his Networking Agent payments.
• Each first salary of the Networking Agent will be charged to the Account net of the IB Commission received during the trial period.
• The requirements of the Program are stated in the table on the Networking Agent page, and will be placed on our website on the Networking Agent page in the beginning of August 2016.
• The Networking Agent will remain on the same level of the Program until he meets the requirements of the level he has reached before. Only once the existing Networking Agent will have an opportunity to meet the requirements of the 2 months out of 3, but will have to meet the requirements of all 3 months during the next quarter. In case the Networking Agent doesn’t meet the requirements two quarters in a row, he will be moved back to the level, which requirements were met. An Introducing Agent staying on the “Bronze” level who didn’t meet the requirements last Quarter will see his compensation changing back to IB Program and IB Commission.
• If a Networking Agent decides to move back to the regular IB Program, he should send a request to [email protected]. In case the Networking Agent decides to terminate the Program in the middle of the quarter, he will not receive the salary for the finished month or two, even if the requirements were met, but will receive the IB Commission for these months instead. The request to switch back to the regular IB Program should be sent during 10 first days of the month.
• Abuse of the rules of the Networking Agent Program or any attempt to defraud the system will lead to the disqualification from the Networking Agent Program and the complete disqualification from the FXCL IB Program.
• All general terms of the IB Agreement apply to all participants of the Networking Agent Program, including the Agent’s referred traders.
• The company reserves the right to investigate and resolve any issues not mentioned in this program, at its sole discretion.
• The company reserves the right to grant any additional rewards to the Networking Agents at its sole discretion.
• The company reserves the right to change the terms of the Networking Agent Program at its sole discretion. The existing Networking Agents will be notified about any changes in the Program during the first 5 business days after the changes were applied.