Cashback Forex is a unique way to make money online. As a member, you earn a percentage of every trade you make. The cashback is credited to your account automatically and you get more cashback as you trade more. You can withdraw the cashback to a number of different payment methods, including PayPal, Skrill, EcoPayz, and FasaPay. The cashback should be available in your account within 3 business days.
The cashback Forex program works like this: you open an account with a Forex broker and receive a rebate of the spread on your trades. For example, if you made 100 EUR/USD trades, you would get back $500. However, if you made a trade worth 1000 EUR/USD, the rebate would be only half of that amount.
The cashback rate for cent accounts is 10 times lower than the rate for Pro and ECN accounts. All clients who pass the verification process are eligible for the Cashback program. Rebates are based on the volume of currency pairs traded on a monthly basis. The program does not include metals in its calculations. Rebates payouts are done on the first of the month, and you can find detailed statistics in the Members Area.
If you are planning to trade forex, you should choose a reputable broker. This will help you protect your trading account against costly mistakes. It is also a good idea to trade using a demo account first. The forex market is unpredictable, and using a demo account can help you trade without losing money. Moreover, you should use a broker with a green policy.
Forex is an international market that is open twenty-four hours a day, including US holidays. There are many advantages of forex trading, including high liquidity. But if you are new to the world of forex trading, it may not be for you. However, many people love it is very easy to start. With the free trading platform, you can start your forex trading career with ease.