Among the top forex rebates services, InstaRebate claims to provide the highest forex rebates daily. All you have to do is register on the site and the rebates will automatically be credited to your trading account. The service is a social forex community and has been operating since 2009. This site helps users understand their earnings, which depend on the rebate rate of the broker they use, the types of instruments they trade, and their volume of trades.
FXTM is a Cyprus-based forex broker that offers trading services with hundreds of tradable instruments and tight floating spreads. Its trading services are characterized by a high degree of flexibility, and their spreads are as low as 0.6 pips per lot. Furthermore, FXTM offers a rebate program for its clients who are from Cyprus or South Africa.
The forex rebates program works by linking your trading account to your forex broker’s rebate provider. The forex rebates provider will pay you a portion of your forex broker’s spread for each trade you make. As long as you meet the trading conditions of the forex rebates program, you will receive cash rebates each time you make a trade. No matter how successful your trade is, you can get a good amount of cash from forex rebates.
Forex rebates can be in the form of fixed or relative rebates based on the trade volume of the broker. They can also be credited daily, weekly, or monthly. The rebates are paid to you, allowing you to increase your profits and reduce your losses. Many traders don’t have enough capital to obtain the best spreads directly from the broker, but using rebates can help them do so.
Cashback Forex provides forex rebates and discounts on popular forex brokerage firms. To participate, simply sign up on the company website. It offers multiple payment methods, such as PayPal, Skrill, UnionPay, Neteller, and Fasapay. The rebates are paid out monthly and you can withdraw the cash you earn with ease through the secure payment system.
Forex rebates providers usually do not have access to your trading account and cannot perform any trading operations on it. They also do not have direct access to your trading account and have to restrict access to it. Moreover, they usually have limited access to your account information, such as your trading account number and trading history. Hence, it is important to choose a reliable rebate provider before making a trade.
Forex rebates are gaining popularity among traders, thanks to the fact that they can reduce trading costs. Forex rebates are similar to credit card reward programs in that they offer a portion of your payment back to you. In addition to cutting down your expenses on trading, they also increase the scope of profitable trades. They are especially beneficial for traders who engage in extreme scalping and short term trading.