Beginning August 15, 2013, the partner coefficient for the company's clients will be 20% of the average spread on transactions made by signed up clients.
EXNESS management made this decision in order to reduce the number of ways to unfairly and dishonestly receive income, which have been created by the company's partners registering for multiple trading accounts - a practice which has become more frequent.
Since its founding, EXNESS has continuously monitored the quality of its services and improved its business processes in order to provide its clients with pleasant working conditions. Additionally, EXNESS advocates following ethical norms and trading rules on the currency market, particularly with respect to honest and fair trade on the forex market. The legal basis of the decision can be found in paragraph 7.10 of the Partner Agreement, according to which the commission paid to partners who use auto-referral schemes may be significantly reduced.
Regarding the conditions for partner compensation accrual for Introducing Brokers (IB), the size of their agent commission remains unchanged.
EXNESS hopes that these new measures will make the partnership program more transparent and will have a positive effect on the growth of the company as a whole.
EXNESS management thanks its clients for their support and understanding.