Forex rebates are a way to improve your profits by reducing the cost of making every single trade. This can transform your marginal trades into profitable ones. This is particularly useful when trading in the short term, such as scalping. This cashback is offered to existing clients as well as new customers of forex brokers.
If you use a rebate service, it is important to select a reliable broker. There are many options available for you. You can use broker-provided rebate programs, as well as independent rebate services that work with a wide variety of brokers. However, you cannot join both broker-provided and rebate site rebate programs at the same time. You must decide which one you want to use, as the latter is in control of your funds.
You can register with a forex rebate service by visiting one of its websites. Once you are a registered client, you will be credited with up to $15 per lot traded. This cashback service is not compulsory, but it can help you generate additional profits. The bonus you receive from forex rebates is fully re-depositable. Moreover, you can withdraw your cashbacks to various payment methods, including NETELLER, PayPal, EcoPayz, and FasaPay. Typically, you will receive your cashback within three business days.
The rebate amount can either be fixed or relative to the volume of trades executed. It can also be credited on a daily, weekly, or monthly basis. It is possible to get a rebate if you open an account with a partner broker. The process involves registering on a rebate service website, completing an identification process, and connecting personal accounts with the broker. Then, when you make a trade, you’ll receive a payment from the broker.
Forex rebates are a great way to cut down on costs while trading. Forex rebates can range anywhere from $1.00 to $4.00 per lot traded. These rebates help you reduce your trading costs and improve your profit margins. It’s best to find a forex rebate provider that offers the highest rebates.