Forex cashback sites are aggregators that work with broker companies worldwide. Their websites promote forex brokers and provide links to register for trading accounts. The user simply clicks on the link to register and trade with the broker. Examples of cashback sites include Globe Gain. This company has been active in the forex market since 2011 and provides traders with free access to trading tools.
Forex cashback is a form of rebates offered by brokers to clients. Forex cashback providers refer traders to these brokers and then share the rebates with clients. This business model is becoming a standard among brokers and is helping traders save money. Trading is not always profitable, so finding ways to reduce costs is important.
Forex rebates reduce the cost of transactions and improve the win ratio for traders. They typically come in the form of reduced spreads, reduced commission, and free money. Forex rebates can be obtained in three different forms: spread reductions, daily trading account deposits, and monthly cash payments. Payments can be made through PayPal, Skrill, or bank wire.
Another forex cashback site, ForexCashbackRebate, was established in September 2013. It offers a User Dashboard, and works with several popular forex brokerage firms. The company also doesn’t charge additional fees. It keeps commissions and spreads at the same levels as its competitors. In addition, CashbackRebate pays rebates monthly and provides knowledgeable customer support. It also offers secure payment systems for withdrawals.