If you have an account with a forex broker, you can take advantage of forex com rebates. These programs are offered by many brokers. They can lower your spread and help you minimize broker commissions. These rebates can help you out in times of unprofitable trades, as well. However, you should remember that you are not locked into one broker; you can open accounts with up to thirty brokers. Before you choose a broker, take note of its commission rates and spreads. You can also read the terms and conditions carefully to ensure that you understand how much you are paying.
Forex com rebates are based on your trading volume. The average rebate is $3 per lot. But you can find rebates as low as $1.50, which can quickly add up if you make a lot of trades each day. You can even choose a tiered rebate plan to earn higher rebates.
Forex com rebates also give you the opportunity to participate in contest programs. Many rebate sites offer contests that reward traders based on the volume of trades they make. You can win cash or even trading accounts if you take advantage of a forex com rebate program. In addition to the contests, Forex com rebates also offer you the opportunity to make passive income.
Forex rebates can make a world of difference to your trading results. By reducing the overall cost of a transaction, traders can lower their spreads and increase their win ratios. Most rebate programs pay back a percentage of the cost of a transaction. A rebate of 1 pip can mean a difference of two pips on your trade, which is quite significant when you compare it to a normal spread.
Forex rebates work differently for different traders. The rebates that you qualify for vary depending on the number of trades you make and the size of the positions you take. Traders who are holding the biggest positions are the ones who stand to benefit most. However, a trader should remember that a forex rebate is only one factor in the overall cost of a transaction. You need to consider a number of factors before making a final decision, such as the spread of the broker.