Forex Rebates Cash Back for Trades

Rebates on your Forex Trades?  Many people I talk to don’t know that there are services out there that will give you money back for every trade you make.  Since most brokers make their money by charging their traders X amount of pips in the spread, they leave it open to Introducing Brokers (I.B.’s for short) to earn a part of that spread just for referring you to the broker.  Basically, website owner A has a link on his website to Broker A, Broker A charges you 3 Pip spread on EUR/USD, but .3 pips go to website owner A simply because you found Broker A via his website.  Nothing new of course, but now you may also cash in on this Introducing Broker income by signing up to Broker A, B, C, or D via sites like Cash Back forex, making Cash Back forex your Introducing Broker.  Cash Back Forex gets a cut of your spread and gives it back to you.  If you pay 2 pip spread on EUR/USD, you might get a nice portion of that back instead of seeing it all go to your broker.

The question remains, does getting a “rebate” on trades really even matter?  Will it affect you bottom line?  Does squeezing out each extra pip even worth it?  Truthfully, I think it depends on what kind of trader you are.  If you make a few trades a month, how many pips will you get back?  A few.  But if you make 10 trades a day, winner or loser, you get back a good sum.  It’s different for every broker, that’s why I can’t be precise.

Believe it or ot, you can also sign up to ZuluTrade.com, and get .1 pip return.  Admittedly, this is such a low number when contrasting what the spreads are at Zulu Trade (4 Pips and above), I don’t see the benefit in getting back .1 pip.  In reality, the entire Zulu Trade system concerns me, but that’s a discussion for another day.

Cash Back Forex also offers bonus points in return for purchasing FAP TURBO and FOREX BOOMERANG, approx $50.  I’m not sure about how much it’s worth to you, but it may be a good deal if you “need” to have FAP TURBO or FOREX BOOMERANG, which is also a discussion for another time.

BROKERS THAT GIVE CASH REBATES

1. MB Trading Futures - MB is the most interesting one on the list offering 24% back on all commissions charged. However, they charge spread, and”commissions” in the traditional sense. Their pip spreads are VERY low and the commission is also quite low, and to receive a rebate on that, would sweeten every trade you make.
2. Fxpro - Claims to have “Razor Thin Spreads” and on EURUSD the spread is 0.8 trough 2 pips (quite low), and the rebate is .2 pips.  On GBP/JPY the spread ranges from 4 to 7 pips, rebate of .4 pips.  So you see with FXPro, your rebate depends on the pair.
3. FXCM - Offers .6Pips per round lot traded on a standard account, but this offer does not apply with a micro account.
4. Alpari UK - Offers .6 Pips per round lot traded plus it is one of only a few MT4 forex brokers.
   
5. i-TradeFX
   
6. Forex.com - This was once on their list, but it seems maybe Forex.com has removed themselves from the Cash Back Forex website.  I wonder what the reasoning for this removal was, a few people I know use Forex.com and want to know where the problem may have lied with that business relationship.
   
7. Marketiva
   
8. Liteforex
   
9. ACM US
   
10. Fxopen
    
11. Avafx
    
12. PFG

Unfortunately, you won’t see anything higher than .6 pips per round lot traded. I still think you should find a broker that fits you personally rather develop a trading system based around which broker will give you a rebate or not. MB Trading offers such low spreads (amongst other brokers who do not offer a rebate) you are saving more pips than you will get back in a rebate anyway.