Before you start or continue using the PipsbackFX service, carefully read the terms of this Agreement, the terms of use of the PipsbackFX website and the personal data processing policy set in this document (hereinafter referred to as the Agreement).
1.1
PipsbackFX is not a broker and is not part of our partner brokers but is an independent entity, and does not manage investments or funds from clients. PipsbackFX is a global forex rebate service provider from several trusted and regulated forex brokers. The safety of your funds is our priority, which is why we only work with licensed brokers (Regulated Brokers) and under the supervision of the competent authorities in their countries.
1.2
PipsbackFX does not cooperate with third parties such as signal providers, CopyTrade, PAMM, EA (trading robots) and the like. All client losses incurred by these parties are not our responsibility.
1.3
PipsbackFX is not responsible for failure of payments (withdrawal) funds from the broker, but if it is proven that the client has not violated the broker's rules, PipsbackFX will help resolve this problem and all final decisions remain with the broker.
1.4
PipsbackFX is not responsible for any client losses of forex or other market instruments trading activities at our partner brokers, either trading alone or traded by third parties.
1.5
Clients are not allowed to carry out trading activities that violate the rules of our partner broker, in that case PipsbackFX has the right to cancel the rebate and remove the client's trading account from our group.
3.1
PipsbackFX provides rebates to clients without changing the trading conditions of our partner brokers, there is no spread/commission markup on your trading transactions.
3.2
Rebates are calculated based on the percentage of commissions received by PipsbackFX, either percentage of spread, persentage of trading commission or amount USD per lot, rebate percentage can vary for each broker..
3.3
The rebates calculation is automatically performed by our system directly from our partner broker’s cabinet without any manipulation from our staff or admin.
3.4
PipsbackFX has the right not to pay rebates if the broker cancels the commission that should be received by us for any reason, or the broker goes bankrupt.
3.5
Rebate report updates and rebates payments can be delayed in case abnormal conditions, such as a problem with our payment system, member area under maintenance or development and other special conditions.
3.6
Rebates are credited to the balance (MyPBFX Wallet) and rebate payments are automatically processed based on the rebate schedule that has been posted on our website.
3.7
Rebate withdrawals manually from MyPBFX wallet (rebate balance), redeem points or affiliate commission withdrawals are processed by the finance department within 15 minutes to 2x24 working hours (Saturday and Sunday holidays).
3.8
PipsbackFX is not responsible for a mistake in rebate delivery caused by an incorrect input of the payment system account number by the client.
3.9
In case PipsbackFX finance department makes a mistake transferring the rebate to another user, the client is obliged to return the funds as an alternative, the client's rebate balance will be debited.
3.10
In case the client's payment system experiences problems or is blocked, the client has the right to change the payment system.
3.11
Rebate payments are not charged by PipsbackFX, but may be there are fees cnharged by the payment system chosen by the client.
3.12
Complaints about late of rebate payments, redeem points or affiliate commission withdrawals can only be made after the deadline in point 3.7 mentioned above.
4.1
Clients may not refer to themselves and family members (children, husband/wife, father, mother, in-laws, brothers/sisters, etc.). If the system detects this violation, the referred client will be removed from the affiliate group and the commission will be cancelled. PipsbackFX reserves the right to disable affiliate program features for this violation.
4.2
Affiliate commission payments are not permitted using a third party account or the name on the payment system account must be the same as the MyPipsbackFX profile. If you use an e-wallet or e-currency such as Neteller, Skrill, Paypal, Perfect Money, the email on the payment system account must be same as the email registered in our system.
4.3
Affiliate commission will be credited to affiliate balance on the 7th of every month and can be withdrawn under the following conditions:
a. There is no minimum active referral client for active affiliate (user has made a rebate withdrawal).
b. Minimum 2 (two) referral clients for inactive affiliate user (user never made a rebate withdrawal).
c. Active referral clients are your referred clients who have at least 1 rebate history transaction in the member area.
4.4
PipsbackFX affiliate system is 3 (three) level affiliate program with commission scheme: 10% for referral clients tier 1 (direct clients), 2% for tier 2 and 1% for tier 3, the amount of commission is calculated based on rebates received by your referred clients without reduce client rebates.
4.5
PipsbackFX has the right to cancel affiliate commission if the broker cancel IB commission in case your referred client violated the broker's trading rules, or other reasons that result in the IB commission being cancelled.
4.6
Minimum affiliate commission withdrawal depends on the payment system you use (starts from $1)
4.7
Affiliate commission withdrawals are processed within 15 minutes to 2x24 working hours by our finance department.
4.8
Affiliate cookies are stored in the browser for 30 days (unless you clear cookies manually). If a Client registers on the PipsbackFX website while cookies are stored then that client will be assigned under your referrals.
4.9
PipsbackFX has the right to change the affiliate commission percentage at any time, changes will be announced on the website.
4.10
Affiliate commission reports, referral clients will be displayed transparently in the MyPipsbackFX member area.