What is Forex Rebates?
There are many trader still do not know about what is forex rebates, especially for new trader, but for traders who had long been involved in this industry, forex rebates is not something new for them.
Forex rebates or forex cashback is a refund of a portion of the spread or commission paid to a broker on your transaction. Example: when you buy EURUSD 1 lot standard (contract size of 100 000) with spread 2 pips, during the order transaction you will immediately minus (-) 2 pips or $20, that means you have to pay spread/commission to the broker 2 pips or $20 for your transaction.
By join our forex rebates system, the spreads or commissions you have already paid to broker will be refunded to you in part by using our rebates payment system, we pay you rebates by trading account using bank wire or e-currency method (PayPal, Skrill, Neteller, webmoney, Perpect Moneyor FasaPay), please see all rebate payment systems here.
For example, we give rebate rate 0.75 pips, so you will get rebates $ 7.5/ satndard lot, if your weekly trades is 20 lot, you will get weekly forex rebates 20 lots x $7.5 = $150. Rebates rate could be the number of pips, the amount of USD/lot or percentage of spreads/commissionns you paid to brokers.
Forex rebates is an additional income which allows the trader to increase the profit or reduces loss of each transaction, because forex rebates given for profit or loss trades. May be you ask, where we get the funds to pay your rebates?, we receive commissions on every client who open broker account through our IB link without spread markup or change trading condision of the broker, and the most of the commission we receive return to you, rebates for some broker reach 85% of the IB commissions.
Rebate amount you earn depends on three things:
- Rebates rate of broker you choose
- Currency pair you trades
- The volume and the amount of transactions