Abu Dhabi-headquartered brokerage ADS Securities has announced that the company is launching an updated introducer program. The company is providing payouts based on different tiers of deposits and trading volumes within the first 90 days.
Clients are going to have the option to email to their contacts a link to opening an account with the brokerage. After the referred client submits an application using this personalized account opening link, a referral relationship is established between both parties.
Commenting on the news, the Managing Director and Global Head of Sales at ADS Securities, Mathieu Ghanem, said: “We have run referral schemes for a number of years but the new system provides a simple way to make the referral and a very transparent link between the referred client, the value of their trading and the rewards we pass on.”
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“We know that clients often introduce new traders to our platforms and services, so we wanted to be able to give back more to them, and reward their on-going loyalty to the company,” Ghanem elaborated.
Nine Tiers of Deposits and Volumes
There are a total of 9 tiers of deposits that can benefit clients who refer a new customer for ADS Securities. Starting from $75 payout for a million traded and a deposit of at least $250, the nine different tiers reach a maximum payout of $2,000 when a new client generates over $25 million in trading volumes with a deposit of $50,000.
The new referral program by ADS Securities is valid under its Abu Dhabi license. The approach of the company towards attracting new clients is in tune with the regulatory framework where it is operating.
The ESMA is introducing a new regulatory framework in the EU shortly. Incentives for traders which are based on volumes are forbidden. The program which ADS offers, however, is not benefitting the trader himself/herself but the referral agent for the new clients.