What are Forex Rebates and how to get started?

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Forex rebates have become very popular in the Forex industry and now the majority of brokers are offering them. It is possible to receive rebates because brokers offer commissions to their partners when they refer new clients to them. These partners then give back a portion of the commissions directly to the clients, in the form of rebates. Clients receive rebates for every trade they make.

How to get Forex rebates:

In order to get Forex rebates you need to open an account with a Broker, from a website that offers rebates. You may need to verify your account with the website and provide your payment details. Begin to trade with your broker as you normally would. At the beginning of each month you will get your rebate depending on your previous months trading activity. You can choose to receive your rebate by bank transfer, Pay Pal, Moneybookers or other payment method depending on what payment methods are offered. You can then withdraw your rebates as cash and use them as you wish.

Benefits of Forex rebates:

• You get a rebate for each trade you make with your broker• It doesn't matter if it is a winning or losing trade you still get a rebate for it• Brokers will not increase their spread or change their trading commissions if you are participating in a rebate program• Rebates are given for a variety of instruments, not only currency pairs

How to calculate your Forex rebate:

For example if a broker is giving 0.7 pips rebate, and you make 4 trades of one standard lot (100,000) each day, to calculate your daily rebate you need to multiply 7x4=$28, this is equal to a $560 monthly rebate. It doesn't matter if your trade is a winning or losing one, you will still get a rebate for it.

What instruments qualify for rebates:

Brokers normally give rebates to all instruments that they offer, such as: Forex, Gold, Silver, CFDs on Shares, Indices, Futures etc. You need to check with your broker and the rebate provider what instruments are available and what is the rebate for them.

How to get started:

Find a Forex rebate service and open an account with a broker you want to trade with. Trade as you normally would and get cash rebates every month. Increase your profits from your trading by getting cash back rebates. There is nothing to lose, so get started today!