In forex trading the terms of rebate cash back (not bonus funds) commonly known by traders.
REBATE CASH BACK
Rebate cash back is like a reward bonus where a broker gives a real capital every time trader make a trades and allowing trader to reduce a commission or spread’s cost.
The rate of rebate cash back are calculated upon completion or at closing of transaction. (Spot, CFD, including crypto currency and not counted by volume).
In order to get a trading account with rebate cash back program, a trader must either register or open a trading account via affiliate IB or Forex brokerage link. (bear in mind not all forex brokerage offered rebate cash).
Example of cash back rebate calculation:
Trader conduct a transaction of EURUSD pair at 1 standard lot with spread of 2 pips.
Upon a transaction entry, amounting of -2pips (or $ 20) has been paid to the broker.
Through the cash back rebate program, upon closing a transaction a small portion from the previous spreads (-2pips @ $ 20) refunded back to the trader via the rebate payment system provided by the broker.
if the calculation of rebate at 1 standard lot at an example of 0.75 pips (from 2pips), then the trader will be getting a rebate cash back of $ 7.5,
In conclusion, if (from example) in a month you are trading at 20 standard lots; therefore 20 lot x $ 7.5 = $ 150.
The higher the number of monthly trades, the more cash back rebates will be earned.
You need to ask your IB or forex broker, if you already have a trading account but did not get a rebate cash back or you may request and check via available form below.
REBATE CASH BACK VIA CRYPTONFOREX.com
1. EXISTING ACCOUNT
if you already have an account, Kindly fill up available form below to claim your rebate cash back.
2 – NEW FOREX ACCOUNT
Listed below are the popular forex brokerage with rebate cash back program. Sign-up now for extra earning.