Change of XM & FXTM Rebates Approval Schedule

Dear Client,

We herewith inform that starting July 9, 2018 there are some brokers who have changed the schedule of approval (credited rebate to balance) to pay your rebate more faster, the broker are:

1. XM Broker, the old approval schedule is weekly changed to 2 times a week, every Tuesday and Thursday. The close order on Tuesday, Wednesday, Thursday will approved next Tuesday, and close order Friday & next Monday will be approved next Thursday . Illustration: Close order for this week at 10th, 11th  & 12th will be approved on 17th, while close order on. 13th & 16th will beapproved  19th. All rebates that have been automatically approved by our system wil credited to rebate balance and  ready to withdraw manually. As for the PipsbackFX auto rebate method is still processed weekly.
2. FXTM Broker, the old approval schedule is Monthly changed to weekly, every Monday. This change follows the commission payment schedule change by the FXTM broker.

Regards

PipsbackFX Team