A rebate program will allow you to receive part of the costs of a transaction back. This can lead to a lower spread and higher win ratio. Simply write to your broker and ask for a rebate. He will then decide whether or not to transfer your account. Once the broker approves your request, you can start transferring your money to your new account in a matter of clicks.
XM rebates are calculated as a percentage of the costs of the transaction. For example, when you trade EURUSD for $8.2, you get a net spread of 2.2%. The rebate amount depends on how much you trade, but it can reach $20 or more. The rebates are paid every Tuesday and Thursday.
If you are an international trader, you may want to consider trading with XM forex. The company has a global presence and is regulated by a number of financial regulators. Its team of over 450 professionals has years of experience in the financial industry. The broker also offers support in over 30 languages. Its wide range of resources and support make it a top choice for traders of all levels.
Typically, rebates are calculated on a round turn per lot and can amount to around $3 per lot. While this may not sound like much, it adds up over time. If you’re making multiple trades a day or month, the money you save on commissions can add up fast.
The rebate amount can be fixed or relative, depending on the broker. Some rebates are credited daily, while others are paid weekly or monthly. These rebates can be credited in either US dollars or as a percentage of your trade turnover. Generally, they are credited to your trading account every day. XM forex offers rebates through multiple payment methods.