We would like to thank you for continuing to use the GICTrade Platform. We would like to inform GICTrade members, especially Market Makers, about the calculation of the market maker scheme and the terms and conditions for using the Market Maker Account Feature on GICTrade:
  1. In accordance with the previous notification on September 4, 2019 regarding the Market Maker Weekly Profit Sharing Scheme, the calculation of Profit/Loss Sharing is using the formula: (Ending Equity - Initial Equity + WD - Deposit) x 20%
  2. Profit distribution will be carried out periodically weekly;
  3. The deadline for Turn On and Turn Off requests is Friday, 23:59:59 WIB and is processed on Saturday;
  4. Fund Transfers can only be made on Mondays, no later than 17.00 WIB;
  5. In the Market Maker Account On position, then make a Withdrawal so that the Balance is less than 5,000 GICT, it will be automatically Turned Off and the Profit/Loss distribution will still be calculated and an administration fee of 50 GICT will be charged;
  6. Inactive Market Maker accounts with remaining GICT Equity for 1 month will be deactivated.
Profit/Loss distribution will be implemented with the following calculation scheme example: As of November 4, Initial Equity = 10,000 GICT (in GICT value units) Week I, November 9, 2019
Initial Equity Top Up WD Equity P/L Profit Sharing Final Equity
10.000  0 0 11.000 11.000– 10.000 + 0 – 0 = 1.000 1.000 x 20% = 200 11.000– 200 = 10.800
  Minggu II, 16 November 2019
Initial Equity Top Up WD Equity P/L Profit Sharing Final Equity
10.800 0 500 11.800 11.800– 10.800 + 500– 0 = 1.500 1.500 x 20% = 300 11.800 – 300 = 11.500
 
Minggu III, 23 November 2019
Initial Equity Top Up WD Equity P/L Profit Sharing Final Equity
11.500 5.000 0 16.000 16.000 - 11.500 + 0 – 5.000 = -500 - 16.000
  Minggu IV, 30 November 2019
Initial Equity Top Up WD Equity P/L Profit Sharing Final Equity
16.000 0 0 17.000 17.000 – 16.000 + 0 – 0 = 1.000 (1.000 – 500) x 20% = 100 17.000 – 100 = 16.900

Currently we are preparing a New Referral Menu so that Referrers can see complete information about Referral Bonus Distribution Calculations. So for the time being, for Referrers who want to know the details of their Referral Bonus Distribution Calculations, please send an email to support@gictrade.io.

Thus the notification regarding the calculation of the market maker scheme and the new provisions of the market maker at GIC, if there is anything you want to ask, you can contact our Call Center. Thank you for your attention and cooperation. Visit GIC Indonesia to get information about the world of trading. You can also join us in the GIC Trade Telegram Community and GIC Trade Telegram Channel. Don't forget to check the GIC Indonesia Youtube account which is full of lots of information, and follow our Instagram account to get information about various interesting webinars that you can follow.