Virgo Australia Tiered Rewards Program Considerations:

1. The term "
   Spread
   " represents the difference in pricing between Virgo Australia and our liquidity providers. Since Virgo Australia is a principal trading desk and undertakes principal risks, the spread does not represent an exact figure of revenue generated from your trading activity. However, it does provide a general estimate of what Virgo Australia is making from your trades.
2. You will be placed into a "
   Reward Tier
   " based on your trading volume in the last 30 calendar days.
3. Users will receive a discount on the Spread based on their Reward Tier.
4. Discounts on the spread applied for each Reward Tier is displayed at
   https://virgo.co/au/tiered-rewards-program/
5. You may check your current Reward Tier by visiting
   https://virgo.co/
   and logging in to your Virgo Australia account.
6. Reward Tier is refreshed up to every 2 minutes.