Forex rebates are a great way for a trader to lower the commission they pay their broker. Traders can save over $250 a month by using forex rebates, even if they trade with ECN brokers. These rebates are also easier to earn than other types of bonuses and commissions, as they don’t require a minimum deposit to qualify. These rebates also don’t affect the forex market much.
Forex rebates can be offered in a variety of ways, including reducing spread, commission, and other fees. Some rebates are spread reductions, while others are made via cash payments to traders on a monthly basis. These payments can be made via bank wire, PayPal, or Skrill. While the amount of rebates may vary, they are usually proportional to the number of trades a trader makes.
A forex rebates service provider will ask you a few questions to help determine the rebates you should expect. Once you’ve answered those questions, you’re ready to choose your rebate provider. Once you’ve chosen a provider, you’ll need to register for an account with the forex broker. You’ll also need to add your broker’s account number to the rebates service provider’s database.
When choosing a broker, you’ll also need to compare rebate rates. Some rebate sites may offer lower commissions than others, so it’s important to compare prices before choosing the best one. However, keep in mind that rebates are not guaranteed. The rebates should be small enough to offset the costs you incur by trading.
Forex rebates are calculated on a monthly basis, and are paid to the trader in a number of ways. They can be given in pips or in particular currencies. The latter makes the calculation easier. If you trade 10 lots a month, your rebate will be about $50. However, if you only trade one lot per month, you may not qualify for rebates.
To find the best forex rebates, start by comparing forex brokers. The best brokers offer the best rebates. Premium Trading, for example, offers rebates up to 80 percent of the spread without additional fees. You can also look at FX rebate central, fx-rebate, and torgovlia na foreks. They all provide similar services, but some are better than others.
Although forex rebates can be a great way to relieve the costs of transactions, they shouldn’t be the main reason to trade. The profits you make in the forex market are your money, and the rebates should be a bonus. Traders who only trade forex to earn forex rebates are unlikely to be successful full-time.