CashBackForex are arguably one of the biggest and most popular companies that offer forex rebates, with other 14,000 registered members at the time of writing. They have been around for a few years now, but it is only recently that they have established themselves as a market leader in this area.
If you're not aware of forex rebates, they are basically a way of getting some cash back on every single trade you place, regardless of whether you win or lose.
The way it works is that the forex rebates company, ie CashBackForex in this instance, has working relationships with all of the major forex brokers. So therefore they are able to offer you rebates on every trade that you place (and receive a commission themselves) in return for sending them customers.
All you need to do is to open a free account with CashBackForex and choose from one of the many different forex brokers that they work with. Then you will automatically receive cash back on every single trade you make, which can be quite a tidy sum if you are a regular trader.
The commissions vary from broker to broker but here are the current forex rebates offered by some of the more popular brokers:
Dukascopy: 40% of commissions
FXCM UK: 0.7 pips per round turn lot traded
InstaForex: 1.3 pips per round turn lot traded
AvaFx: 0.6 pips per round turn lot traded
FX Open: 0.7 pips per round turn lot traded
Forex Yard: 0.7 pips per round turn lot traded
Alpari UK: 0.25 pips per round turn lot traded
So the point is that you are much better off signing up to a forex broker through a rebates company such as CashBackForex rather than going directly through the broker itself. The spreads are still exactly the same (which is not always the case with other rebates companies) and you can earn some extra cash every time you trade the forex markets.
Therefore even if you only break-even with your forex trading during the last week or month, for example, you will still come out ahead. Plus if you are someone who places several trades every single day or trades quite a few lots at any one time, then you stand to earn quite a lot of money.
Anyway if you would like to find out more about CashBackForex, you can do so by clicking here.
If you're not aware of forex rebates, they are basically a way of getting some cash back on every single trade you place, regardless of whether you win or lose.
The way it works is that the forex rebates company, ie CashBackForex in this instance, has working relationships with all of the major forex brokers. So therefore they are able to offer you rebates on every trade that you place (and receive a commission themselves) in return for sending them customers.
All you need to do is to open a free account with CashBackForex and choose from one of the many different forex brokers that they work with. Then you will automatically receive cash back on every single trade you make, which can be quite a tidy sum if you are a regular trader.
The commissions vary from broker to broker but here are the current forex rebates offered by some of the more popular brokers:
Dukascopy: 40% of commissions
FXCM UK: 0.7 pips per round turn lot traded
InstaForex: 1.3 pips per round turn lot traded
AvaFx: 0.6 pips per round turn lot traded
FX Open: 0.7 pips per round turn lot traded
Forex Yard: 0.7 pips per round turn lot traded
Alpari UK: 0.25 pips per round turn lot traded
So the point is that you are much better off signing up to a forex broker through a rebates company such as CashBackForex rather than going directly through the broker itself. The spreads are still exactly the same (which is not always the case with other rebates companies) and you can earn some extra cash every time you trade the forex markets.
Therefore even if you only break-even with your forex trading during the last week or month, for example, you will still come out ahead. Plus if you are someone who places several trades every single day or trades quite a few lots at any one time, then you stand to earn quite a lot of money.
Anyway if you would like to find out more about CashBackForex, you can do so by clicking here.
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