The King Forex Rebate program is an excellent way to earn extra cash when you trade forex. It offers a percentage of the commissions you pay on traded lots. The average rebate rate is US$ 7.32 per lot. It offers rebates on the most popular brokers. It offers a number of benefits for its customers, including Negative Balance Protection and Investor Compensation Scheme. In addition, it offers multiple platforms, including cTrader.
It offers a range of educational resources to help new forex traders become successful. The website includes MQL tutorials, video tutorials, and professionally written articles. It also offers 24 hour customer support in seven languages. Support is available via email, phone, and live chat. In addition, the company offers a range of payment methods to make it easy for you to cash out your rebates.
There are several benefits to using the Forex rebate program. The first is that you don’t have to stick with one broker. It’s possible to use your rebate with up to thirty different brokers. However, you should make sure you read the terms and conditions before committing to a single broker. This way, you won’t get caught with an unsuitable broker. It’s a good idea to open accounts with as many brokers as possible, if you already have an account with another broker. Then, you’ll have a clearer picture of your costs.
Rebates vary greatly, and are usually calculated based on round turn per lot and the spread. They can range from $1.50 per lot to $7 or more, depending on the broker and the trade size. This can add up over the course of a month, or even a day. But if you trade multiple times a day, or even several times a week, it’s easy to see how much cash you’ll earn by using this program.
The cost of each transaction is a major obstacle for forex traders. When compounded over time, it can be devastating. Traders who rely on luck alone will end up losing their investment. But, using rebates can reduce the cost and improve the probability of winning. However, you still need trading skill to close the gap.
Forex rebates help traders earn extra cash from closed positions. The money can be used to fund a trading account, or to pay for other expenses. Forex rebates are often offered through your preferred FX broker. Forex rebates are a great way to reduce your trading costs and improve your win-loss ratio.
You can also use a forex rebate calculator to determine how much cashback you’ll receive based on closed trades. The calculator will tell you how much you’ll earn based on the rebate rate per traded lot and the volume of trades.