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Lower your spread , reduce commission fees, increase your profit ! +++ https://www.cashbackforex.com/#aid_351291 +++


Forex rebates allows traders to earn extra cash from their trading, and with their preferred forex broker, regardless if a position is closed in profit or loss. Simply put, it’s a cashback program offered by a third-party provider, linked to your forex trading account, paying you a cash rebate for each trade you make.
How do forex rebates programs work?
Step 1 — Link a new or existing forex trading account to a forex rebates program provider. Step 2 — Your forex broker will pay part of their spread, or commission profit, for every trade you make to your forex rebates provider. Step 3 — The forex rebates provider will pay you a cash rebate for each trade you take, whether you win or lose in a trade.
Forex rebates programs are, in nature, very similar to a credit card rewards program. Let’s take a Visa credit card, for example. When you, as a consumer, purchase something using your Visa credit card, the vendor incurs a fee of between 1.5% – 3%, which they pay to Visa, for processing the transaction. Many consumers are enrolled in a credit card rewards program and receive approximately 1% cashback on any credit card purchase they make, paid to you by your credit card provider, out of the fees charged to the vendor. Is it free money? Well, yes and no. It’s money the consumer would not have received if they were not signed up with the rewards program, however, it’s paid out to you from the fees charged to the vendor who will, naturally, add such fees into the cost of their products. The provider typically has a contractual relationship with several different forex brokers, earning a commission for each trade placed by a trader they refer to the forex broker. The provider then pays the client a cash rebate from the commission they earn from the forex broker. How are forex rebates paid?
Payment methods may vary amongst different providers. CBFX, for example, deals with thousands of traders in so many different countries and caters to its services in 23 languages, covering a wide array of options. Monthly Cashback - Payments are credited and sent automatically by the 12th of the month, following the month rebates are earned in. Spread or commission reduction - The trader receives reduced commissions and/or spreads. This is an exciting option offered by some of the top brokers, including IC Markets and Global Prime. Paid direct to brokerage account - Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another great option offered by some of the top brokers, including HF Markets, Instaforex, Pepperstone, and XM. In the case of the Monthly Cashback option, monthly payments can be paid via Bank Wire transfer, Paypal, Skrill, Sticpay, Entropay, China Unionpay, and Neteller. Some payment methods, such as Bank Wire transfers are subject to fees.
What are the benefits of joining a forex rebates program?
Extra cash. When working with a trustworthy provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a provider than solely with the forex broker. Protection. Due to CBFX's unique relationship with many forex brokers, we have often mediated between brokers and clients to help successfully resolve client issues. This also included clients who were having withdrawal issues. Forex brokers are often very fast to respond to us since we typically have many clients with them. For your benefit, our knowledgeable support team is available 24 hours per day in 8 native languages and 23 total languages for any questions. Reduced transaction costs. A rebates cashback program can reduce the actual costs of your transactions, as they are a portion of the transaction cost that is paid back to you on each trade. This will result in a lower spread and an improved win ratio. In practical terms, if your rebate is 1 pip and your forex broker spread on a certain instrument is 3 pips, then your net spread is only 2 pips. Is it safe to work via a forex rebates provider?
Yes, 100%. Providers do not have the ability, or any direct access, to perform any trading functions on your forex trading account. Operations on your trading platform, MT4, MT5, etc, such as placing a market order, moving a stop loss, closing a position, etc. are completely blocked to the Rebate provider. Typically, a rebate provider will only have access to limited details, such as your name, trading account number, and depending on the forex broker, your trading history.