Cashback Forex is a type of trading account where you are rebated a certain percentage of the spread on each trade you make. This can be a great way to increase your trading scope and to reduce your costs. It is particularly useful for scalping and short time frame trades. This rebate is generally based on the round turn per lot and the spread. A typical rebate can amount to as much as $3 per forex trading lot.
The amount of cashback varies, and you will need to determine the percentage of the rebate that you’re getting before you start trading. Some brokers may offer only a small amount of cashback, while others may offer a higher percentage. To find out what kind of cashback you’ll receive, you need to compare broker commissions and basic round lot cashback.
Forex rebates can be paid through several different mechanisms. Some brokers hold the rebate money, while others distribute it to traders. Depending on the type of rebate, you can receive your rebate monthly or annually. You’ll often be able to withdraw your rebates from your Forex broker. The most popular cashback forex rebates are the ones offered by Premium Trading. This is a service that receives compensation from your Forex broker and then returns a majority of that compensation to its clients. It has the highest Forex rebates of any Forex rebate service on the market.
You can also take advantage of CashBack by creating an affiliate program. CashBack allows you to split a portion of the commission you earn on a new client from your referral. You will get paid a percentage of your referral’s commission, which will allow you to make more money. It’s a win-win for both parties.
A forex rebate calculator is an excellent tool for calculating your rebate. It considers your preferences and trading style. You can select a currency pair, account type, and broker, and the Premium Calculator will calculate the rebate for you. It takes into account the spread and cash back rates of each broker, as well as the amount of rebates you’ll receive for different periods. The calculator will also consider the amount of rebates based on the amount of trades you make in a month.