Forex (FX) Rebate Campaign
Campaign period: 1st June 2024 and will remain active till further notice
Why trade FX with ProsperUs?
Licensed and regulated
Licensed and regulated by the Monetary Authority of Singapore (MAS)
Competitive rebates with the lowest threshold
Qualify for rebates with just USD1m notional traded volume
Tighter FX Spreads
Trade on over 50 FX pairs commission-free on the ProsperUs platform, with spreads from 0.6 pips
Curated FX Content by our Research Analyst – Wei Ren
Click here to explore the latest trends, uncover hidden opportunities, and elevate your trading game.
How to earn cash rebates?
Our cash rebates are straightforward: begin earning once you reach the minimum threshold, at of USD1 million notional traded value. As your trading volume increases, so do your rebate benefits.
| Tiers | FX Notional Traded Value in million (USD) | Rebates per million (USD) |
|---|---|---|
| 1 | 1 to 299 million | $3 |
| 2 | 300 million and above | $10 |
Example:
A participant who trades a total of USD9.61 million notional value in June 2024 and USD330 million notional value in August 2024 during the Campaign Period will be entitled to receive the following rebates:
Total rebate for the month of June 2024: US$3 x 9 (tier 1) = US$27
Total rebate for the month of August 2024: USD$10 x 330 (tier 2) = US$3,300
*Grand total: US$3,327
How does ProsperUs’ cash rebates compare with other FX brokers?
Majority of Forex and CFD providers in Singapore, typically require a minimum of USD10 million in notional trading value before you are eligible to start receiving rebates.
However, at ProsperUs, you can now start receiving rebates from your very first million in notional value.
| Broker | FX Minimum. Rebate Threshold | FX Rebate Per Million |
|---|---|---|
| ProsperUs | 1 million | $3 |
| Broker A | 10 million | $3 |
| Broker B | 25 million | $2 |
Example of the rebates offered by other Brokers (as of 29 May 2024)
| Currency Pair (Majors) |
Minimum spread (pips) |
||
| Rookie SGD 19,999 and below |
All-Star SGD 20,000 – 50,000 |
Hall of Fame SGD 50,001 and above |
|
| EURUSD | 0.8 | 0.7 | 0.6 |
| USDJPY | 0.8 | 0.7 | 0.6 |
| GBPUSD | 0.8 | 0.7 | 0.6 |
| AUDUSD | 0.9 | 0.8 | 0.7 |
| USDCHF | 0.9 | 0.8 | 0.7 |
| USDCAD | 0.9 | 0.8 | 0.7 |
| NZDUSD | 1.1 | 1.0 | 0.9 |
Start trading with ProsperUs today
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Getting started with FX
Introduction to FX
Margin and Leverage
Technical Analysis Introduction
Frequently Asked Questions (FAQ)
FX is an unlisted Specified Investment Product (SIP). The Monetary Authority of Singapore (MAS) requires us to assess your investment knowledge and experience through Customer Knowledge Assessment (CKA) before you have access to these products.
You need to have at least one of the following criteria:
- Relevant Education Qualifications; or
- Minimum 3 consecutive years of relevant Work Experience in the past 10 years; or
- Traded at least 6 times in unlisted SIP in the last 3 years.
If you do not satisfy any of the above criteria, you will have to sign up for and complete the free ABS-SAS E-learning module on their portal. It offers five modules – you will have to pass the assessment of the module(s) for the product(s) that you are interested to invest in. You will need to score at least 13 out of 15 to be eligible to invest/trade.
Once you have completed and passed the module(s), proceed to the Products page in the ProsperUs portal to apply for eligibility to invest/trade.
Participants who trade Foreign Exchange (FX) using their ProsperUs Account during the Campaign Period (“Trade(s)”) will be eligible to receive trading rebates based on the monthly notional traded value (or equivalent).
Refer to Terms and Conditions for details.
Disclaimer
All capital market products contain risks and may not be suitable for everyone. Please refer to the Risk Disclosure Statement in the General Terms and Conditions of CGS International Securities Singapore Pte Ltd. (Co. Reg 198701621D) for more details.
