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Protrader Multi-Connect (PTMC), a trading platform for forex and contracts for difference (CFDs), said over the weekend it intends to introduce a license fee for all users, starting 1 January, 2017. The amount of the planned license fee was not disclosed.
In relation to this, the platform has launched a referral program, allowing users to earn up to 30% of the license fee paid by each new trader they bring. Investors can start recruiting referrals, but the program will officially launch with the beginning of 2017 when the platforms becomes paid.
“For the moment, the Program has been released and agents can already start attracting referrals. Withdrawal of a revenue will be available as soon as PTMC trading software is provided on a paid basis. Trading software sales are expected to start on the 1st of January, 2017,” the platform said in a notice on its website.
The percentage of referral reward depends on the total number of attracted active users who pay for PTMC’s software license. Investors who partake in the program will receive 10% bonus for the first nine new traders they bring. If they attract between 10 and 99 new users, they will receive a 20% bonus, while more active referral partners who attract more than 100 new PTMC users will receive a 30% reward.
Rewards will be paid out after the beginning of 2017 on a monthly basis directly deposited the referral partners’ personal accounts.
|Percentage of referral reward depends on the total number of users attracted|
|Total number of the attracted users||Referral reward percentage|
|10 – 99 users||20%|
|100 + users||30%|
In order to participate in the PTMC referral program, first of all investors need to register on the platform’s website. Once they do this, they can send out an individual referral link to friends. The link is available at the personal profile of each user. All new users who register on protrader.org by using a referral link are automatically counted as acquired by the trader whose link they followed. Partners get paid once a attracted users buy a license for the PTMC software.
Statistics relevant to the referral activity will be available on users’ profiles.
PTMC is not the first one and won’t be the last one to offer a referral program. Just last week forex broker ForexTime, or FXTM, also announced the introduction of a refer-a-friend program, under which traders can earn $25 for each attracted new client, but no more than $10,000.
PTMC is a product of trading software developer PFSOFT, which is also the developer of the Protrader trading platform.
The platform was released in January 2016. It is currently offer for free to both institutional and retail traders, but will soon be maid paid-for. PTMC is available for desktop and mobile devices, as well as in a web-based version. It features a wide selection of tools for multi-asset trading, alerts watchlists, smart chart trading with multiple chart types, drawings and studies, as well as fully customizable interface.
Brokers that offer the PTMC platform are LMax Exchange, FXCM, Oanda, Protrader and Interactive Brokers and data feed providers IQFeed and Quandl, while others are yet to be added.