Over the last few years, the popularity of Forex rebates programs has significantly grown. It’s no wonder, while they give traders a chance to decrease the trading costs.
The profit of the Forex brokerages is based on the spread and (or) commission charged to a trader. These commissions and spreads eventually devour the profits of a trader or increase the losses of a losing trader. That’s where Forex rebates come in. They allow traders to get a part of these costs back from the brokerage right into their trading accounts or through the third party.
The principle of the rebate program operation is getting a commission for each of your trades. In other words, a trading rebate returns you cash on the trade placed by you. The return size depends on the frequency of your Forex trading, CDF, the size of the positions and the forex broker.
Forex rebates are a great way for traders to compensate their commission expenses and spread provided by brokers, meaning that it is a sort of a commission sharing scheme between you and your broker. For example, in case of trading 1 lot on USD/EUR with the 3 pips spread, you eventually pay an amount of $30 to your broker. The majority of brokers will keep these funds; however, some of them give a share of that commission back to a trader, according to their loyalty program or their forex rebates bonus promotion.
Any trader who is interested in getting profit on the forex market should use one of the main forex rebate providers. Increasing your profit is really easy with the help of Forex rebates, while every trade you make can give you a real cash back, irrespective of whether you win or lose. You can increase your annual profit by 30% based on the frequency of your trades and trade more profitable in general if you use forex cashback properly. Rebates give every trader a chance to get at least some money back, even if he is losing tons of money and is on a bad run.
Forex rebates are surely suitable for any forex trader, and are simply indispensable for serious ones, while they don’t render any risks, are secure, and absolutely free. The most active and trading the biggest positions traders get the best benefit out of them, while the money they get in return depends on the size and number of trades they take, even irrespective of whether they win or lose.