Usually, these two benefits cannot be enjoyed at the same time. In most cases, you can only choose one or the other. Which one you should choose depends on whether you are using a referral rebate or a trading fee discount.
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Core Logic: Discount First, Then Rebate
Most platforms follow a "discount first, rebate later" rule. The typical process is:
Fee is calculated first: Fees are deducted based on your account's actual rate, including any discount or VIP level.
Rebate is calculated second: After that, your inviter may receive a portion of the commission based on the already discounted fee.
This means that if you register through a referral link and use a discount coupon, the rebate your inviter can receive will usually be reduced. The rebate is not added on top of the discounted price.
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New user benefit: 20% off trading fees upon registration!！
How to Choose Between the Two?
It mainly depends on your current situation:
Case A: You are the invited user and have a discount coupon
Conclusion: Using a discount coupon is often more direct. You save real trading fees, while the rebate goes to your inviter. If only one can be applied, it is usually better to reduce your own trading costs.
How to check: You can usually see the active discount in "My Fee Rate" or "Fee Center." If you find that the rebate has not arrived, the system may have prioritized the discount.
Case B: You are the inviter and want to promote your referral link
Conclusion: Rebate rules usually state that "discounted orders do not qualify for rebates" or that "the rebate is based on the fee after discount." This means that even if the invited user uses a discount, the rebate you receive will be smaller.
How to check: You can check your "Invite Friends" page and see whether the rules mention "effective fee" or "post-discount fee" as the calculation base.
Risk reminder: If someone promises that you can get both a discount and a rebate, it is best to confirm the rules before trading. Most platform systems only allow one type of promotion to be active at a time. Relying too much on "double benefits" may lead to miscalculating your actual costs.
