Forex rebates is an effective and easy way to bring up your forex profits to new heights, by earning commissions upon every trade and totally free of cost.
Forex rebates is an effective and easy way to bring up your forex profits to new heights, by earning commissions upon every trade and totally free of cost.The idea of getting cash back every time you trade in the forex market is relatively new, however, it has proven to be in great demand as there are lots of companies that are offering this service. For example, just two years ago a spread of 2 pips on EUR/USD, which is the most traded currency pair in the market, was considered a low spread. Today, brokers try to beat that by offering fixed spread of 1.2 pips or variable narrowed down to 0.1 pips. Signing up to receive your forex rebates is fast and simple. All you have to do is open a live trading account with the forex broker of your preference and tell him that a referring party has referred you – the rebates service.Rebates service companies are basically introducing brokers and they attract customers by offering rebates on every trade they place, earning a small commission on each one. In some cases, the rebates service pays you nearly 90 percent of its commission, which results in significant savings for you. Now, a frequent complain that customers have is that because the broker has to compensate two parties, the spread may be higher if you reach a broker through a referral site.Even though this might be true, some rebate companies do not charge any higher spreads, and they are in fact exactly the same, so earning some extra cash just by opening and closing positions is totally possible. Another common misconception is that forex rebates may not amount to much, but if you are a frequent trader or you like to trade relatively high stakes, you can earn quite a lot every month. One sure thing is that no matter if you win or lose, you still get the same amount of commission per trade. Is quite common among brokers to find themselves in a situation where the outcome of the trading itself has not been as expected, but with the extra push provided by the forex rebates they can step back into profitability.You can even receive rebates from more than one broker on multiple accounts. There is no limit on the number of account or brokers you can manage, however, this all depends on the broker you work with. Rebates are usually paid through a Pay Pal account, moneybookers, ACH or bank wire, but be aware that they all have different rebates fees, minimum payouts and some do not offer international service. If your rebate for a specific month doesn’t meet the required payout amount it will carry over until you have enough. You now have the choice to open your forex account through a rebates service, so sign up and improve your earnings with forex rebates.