Regardless of profit or loss, it is possible to obtain LotBack. Each order you execute will be calculated as a returned lot to the customer. It will help increase the profit even further, or if the trade is losing, a substantial amount will be returned. It can help reduce losses or be used as future trading capital.
You can get LotBack easily following conditions:
1. You must trade with Margin as Balance only.
For example, Balance= $100, Credit = $100, Leverage 1:1000.
Margin 1 Lot = $100 (estimated by calculation)
Therefore, if you place an order using Margin over $100 in excess, you will not receive
LotBack because Credit is included in the trade.
2. You have to trade holding orders for more than 5 minutes.
That’s it, you can get your LotBack immediately after fulfilling the conditions of IUX Markets. You can check your LotBack in the control panel.
Can LotBack be withdrawn?
You can withdraw your credit by exchanging LotBack to Balance and withdraw at the control panel. But in case you exchange lot back for credit, it cannot be withdrawn.
There are 2 cases of LotBack exchanging:
1. Exchanging LotBack into Credit, the amount redeemed will be added to your Credit balance. It will not be related to or reset to help in the Balance section.
2. Exchanging LotBack into Balance, the amount redeemed will add and subtract the Balance by thinking of a sign.
For example, if there is Balance = -20, exchange LotBack = $5, it will make Balance = -15. By exchanging Lot back, the Balance cannot be reset in all cases.
P.S. Lot back exchange in the part of exchanging to Balance, it is recommended to exchange while Balance = 0 or positive only.
Balance reset to 0 in case of negative, if all orders are closed, the balance will be reset immediately.
How to exchange LotBack at our control panel
1. Log in www.iux.com to enter your control panel
2. Fill your email and password
3. select Lot back function
4. Check your current LotBack on control panel
5. Choose to exchange LotBack to credit or balance
- Change LotBack to credit : click ‘Get bonus now’, enter the Lot back amount you wish to exchange to, then click “confirm”
- Change LotBack to Balance : click ‘Get cash now’, enter the Lot back amount you wish to exchange to, then click “confirm”
You can check your LotBack on control panel or calculate it using this formula.
LotBack Points can be redeemed for credit with the details as follows
1 Point = $1 Credit = $0.5 Balance
For example, if you have 100 Points, you can use them to exchange
$100 for trading credit or $50 for real money.
Which account can get LotBack
There are 2 type accounts can get LotBack: Standard, Standard+
- $1 Point/ 1 Lot Size
- $2 Point/ 1 Lot Size
- $3 Point/ 1 Lot Size
Rising Star, Champion, Elite respectively, the higher your LotBack status. The more LotBack points. The more you collect, the more bonus you can get.
There are 3 levels of LotBack program status, each with different points earned per trade per 1 lot, detailed below.
1. Rising star level will be received 1 Points per 1 standard Lot for Standard , Standard+ and Raw account.
2. Champion level will be received 2 points per 1 standard lot for Standard , Standard+ and Raw account.
3. Elite level will be received 3 Points per 1 standard Lot for Standard , Standard+ and Raw account. You can read all of LotBack information at: Terms and Conditions LotBack