A forex rebate calculator will calculate cashback from closed trading positions. It works by calculating the cashback rate per traded lot and the total volume traded. A forex rebate calculator is an important tool for traders. Using it will give you a more accurate idea of how much you can expect to receive. It also helps you understand the difference between rebate rates and cashback amounts.
Forex rebate calculators take into account a variety of factors and your trading preferences. For example, you can enter a currency pair and a specific broker. You can also enter the amount of your trade and the period you wish to receive the rebate. For example, if you trade one lot of EURUSD every day, you would earn $100. Then, if you trade five times per day, you would get a rebate of $44.
Most forex rebate calculators work with live market rates, which ensure accurate results. Moreover, they work with the most common forex pairs, world indices, metals, and popular cryptocurrencies. They also calculate the cashback value for each trade. These forex rebate calculators have user-friendly interfaces and are available in several languages.
Forex rebates are a great way to increase your profit margin. Essentially, rebates are cashbacks offered to clients in exchange for a percentage of the amount of trade. This means that you will end up paying less on your trades than you would have if you were using a regular broker. However, forex rebates should not be considered as your main objective for trading. Rather, think of them as extra income, or sweeteners.