| Most forex traders are not aware that there are | | | | mean a mutually beneficial arrangement where |
| companies offering a cash rebate on every lot traded. | | | | everybody gets paid. Getting a reimbursement for |
| Granted the whole idea of getting a rebate is a fairly | | | | every trade you place makes logical sense. If you |
| new idea and has in reality only begun to become | | | | trade often you can simply a part of the spread from |
| popular in the last 1-2 years. | | | | a large number of forex brokers. The way I see it is it |
| The forex broker rebate program permits you to earn | | | | is better to have it in your pocket than the brokers, so |
| back a percentage of the spread you pay on each | | | | why not? Sometimes there really is such a thing as a |
| trade you make. Rebates can get as high as 0.7 pip or | | | | free ride. |
| $7 which is of course quite substantial if you consider | | | | Many forex traders are not aware that there are |
| that typical market spreads for major currency pairs | | | | companies offering a cash rebate on every lot traded. |
| vary between 0.9 and 3 pips. Below is an example of | | | | Granted the whole idea of getting a rebate is a fairly |
| how much you can get as a rebate on your trades. | | | | new concept and has actually only started to become |
| If for example you are acquiring a 0.5 pip rebate on a | | | | popular in the last 1-2 years. |
| trade for which you pay a market spread of 2 pip. | | | | If you are trading 100 lots per month with a refund of |
| This means that you decrease your transaction costs | | | | $5, that equates to $500 per month or $6000 per |
| by (0.5 / 2) * 100 = 25%! This can significantly benefit | | | | year. This is money you would otherwise simply give |
| the bottom line of your forex trading account. | | | | to the broker and for which you have to do nothing at |
| If you are trading 100 lots per month with a refund of | | | | all. Those forex traders that use automated trading |
| $5, that equates to $500 per month or $6000 per | | | | and trade a large volume of trades can also gain |
| year. This is money you would otherwise simply give | | | | substantially from using trading rebates. Some robot |
| to the broker and for which you have to do nothing at | | | | traders can trade as many as 500 trades a month. |
| all. Those forex traders that use automated trading | | | | That really translates into a nice amount at the end of |
| and trade a large volume of trades can also gain | | | | the month. |
| substantially from using trading rebates. Some robot | | | | There is a big, range of Forex brokers that partake in |
| traders can trade as many as 500 trades a month. | | | | this program, so it is simple to find a suitable forex |
| That really translates into a nice amount at the end of | | | | broker no matter what your trading strategy or |
| the month. | | | | account type. By selecting one of these brokers you |
| Typically a forex rebate program includes an | | | | have a basis for success in the Forex market. You will |
| Introducing Broker, or referring broker receiving a | | | | be trading at a top quality broker while you can keep |
| commission from the broker, and then returning a | | | | your transaction costs low by benefiting from a refund |
| percentage of their commission to the client. It does | | | | program. |