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Rewards Overview

Users can earn rewards for each trade they make and for each referral trade made through Merlin.

Trade and earn cashback

By actively trading on Merlin, you earn rewards. For every trade you make, a portion of the fee flows back to your reward balance as cashback. The cashback rate depends on your tier — the higher your tier, the bigger the percentage you keep. Your tier climbs as your total trading volume on Merlin grows. Read more on the Cashback page.

Invite and earn from your network

Referring friends to Merlin is another way to earn. When a friend signs up and starts trading through your link, you earn a commission on their trading fees. And when that referral invites someone else onto Merlin, you earn on their activity too. There are three referral tiers: Read more on the Referral Program page.