Rebates are forex cash backs or kickbacks that represent a percentage of the broker costs that you incur while trading. The amount you can expect to receive varies depending on the type of account you have. Some rebates are as high as 2 pips, while others can be as low as 0.2 pips. Using rebates will help you reduce your broker costs and promote trading strategies. You can also earn interest on your rebates, which is an added bonus.
To maximize your rebates, it is important to use a broker that offers multiple types of rebates. One such rebate program will allow you to earn up to 80% of the commissions from the partners of your account. The rebate amount will automatically be credited to your account weekly, and you can withdraw it anytime.
If you’re new to the forex market, you should take advantage of HotForex’s educational client area. It will provide you with essential information on the forex market and how to make the most out of your account. It also offers webinars, e-courses, and financial analysis tools. You’ll also get a news feed and a video tutorial.
If you have an existing trading account with HotForex, you can take advantage of its rebate program by registering with PipRebate. The account is free and will automatically deposit rebates when you trade. Alternatively, you can contact the broker directly and request for more trading accounts. You’ll have to fill out a short form with your introducing broker’s id.
HotForex has a wide range of features that make it a popular broker. Besides having a huge asset index, it offers trading with over 43 currency pairs. You can also trade with gold, silver, and energy assets. In addition, the company offers segregated bank accounts and tight spreads. To get started, you can even use a free 30-day demo account.
HotForex is one of the leading online forex brokers in the world. It provides a range of services and features, as well as educational offerings and value-added functionality. It is also a regulated and licensed broker. You’ll find a wide range of trading instruments, trading platforms, and tools, along with high-quality multilingual support.