If you want to receive a cashback for your forex trades, you can register at the forex rebate site cashback forex getforexrebate.com. You can choose a broker and choose your rebate plan. You will then get the rebate directly into your forex trading account.
A good cashback program will allow you to earn as much as 90% cashback on your forex trades. Choosing a reputable broker is also important. You should look for those with the best cashback rates. You can read reviews of forex brokers on forums and check their ratings. Traders with real forex accounts can give feedback and help you avoid forex scams.
Several forex rebate sites offer monthly payments. Some pay cashbacks at the beginning of the month, while others pay it mid-month. Cashbacks are credited to your brokerage account one to seven days after you close a trade. You can also opt to receive them via PayPal, Entropay, or China Unionpay.
Forex rebates programs work in the same way as credit card rewards programs. They provide a percentage of the commission a trader pays to their broker as cashback. This helps traders earn profits without having to pay for trading. The cashback amount depends on the volume of deals you execute.