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Forex Rebates Cash Back for Trades

January 26, 2009

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.

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Forex Rebates Cash Back for Trades, 9.2 out of 10 based on 11 ratings

Written by MoForex · Filed Under Forex Brokers 

Comments

23 Responses to “Forex Rebates Cash Back for Trades”

  1. » Forex Rebates Cash Back for Trades | Forex Review Blog » Free Forex Trading Systems on January 26th, 2009 1:55 am
  2. » Forex Rebates Cash Back for Trades | Forex Review Blog » Free Forex Trading Signals on January 26th, 2009 2:02 am
  3. » Forex Rebates Cash Back for Trades | Forex Review Blog » Easy Forex Investments on January 26th, 2009 2:14 am
  4. » Forex Rebates Cash Back for Trades | Forex Review Blog » Forex Trading Experts on January 26th, 2009 2:24 am
  5. Danielle on January 26th, 2009 6:30 am

    Great information, thank you for sharing.

      

  6. MoForex on January 29th, 2009 3:32 pm

    Thanks for the clarification. I hope to utilize your service to my benefit very soon with MB Trading as my broker.

      

  7. Harmony on February 11th, 2009 6:01 pm

    What a great service! Getting rebates on your forex trades, really, I will be signing up right now :-)

      

  8. Vin on February 18th, 2009 3:58 pm

    Look like there are a plenty of brokers to choose from.
    Thanks for the info.

      

  9. ahmad rizal on February 20th, 2009 9:49 am

    Hi there…this is great..something new for me…great piece of help u got there…everyone must sign up now…Thanks

      

  10. PerfectPips on February 23rd, 2009 6:33 pm

    Good information to change broker..
    The rebate can increase our margin to trade.
    Thanks for the info

      

  11. fxster on February 24th, 2009 2:02 am

    good news….tx for your info.

      

  12. ahohel@halimdanga on March 5th, 2009 9:21 am

    Good info….someting new for me…..this info can guide me to succes……thank you .

      

  13. Jett Chase on March 15th, 2009 6:58 pm

    Now that China owns us, first they can just destroy us financially. Then join up with Russia to crush us. Once this is done, they can use us to make really cheap goods. Total reversal of fortune.

      

  14. Daniel Su | Forex Trading on March 18th, 2009 2:14 pm

    Hey, good info there on the cash rebates. I think a lot of traders are looking for this. Thanks. I’ll ask my members to take a look at this.

    Regards,
    Dan (CEO of FTP)

      

  15. Nandini on March 26th, 2009 3:36 pm

    Forex-Metal broker offers 0.5 pip rebates..

      

  16. Sunen on April 10th, 2010 3:25 pm

    The best forex cashback company is the one who give back more rebate to its customers in addition to a good service. In my experience there so far only F1cashback which has higher forex rebate and very good support than most other companies.

      

  17. Matthew C. Kriner on May 30th, 2010 8:52 pm

    You know this is a very good post i hadent thought about this for quite a while and you have like sparked me to look into it further and re educate my self in the subject….thanks,hope to see more of your posts soon

      

  18. asan on July 13th, 2010 7:31 am

    I agree with Sunnen because I got much more cashback with f1cashback than with other cashback companies.
    F1Cashbck have started to offer a Sciphone i9 mobile to its customers. I have already received one. It is a nice mobile which costs about $ 200 on the market, but it is not my dream Mobile “iPhone”. Anyway it´s a lookalike Iphone and has a large touch screen and is pretty smooth with space for two SIM cards and best of all it’s free.
    Asan

      

  19. free forex robot software download on July 14th, 2010 6:40 am

    The Best acm forex 2010

      

  20. Lionel on September 10th, 2010 6:59 pm

    So they give you money back for every trade you make in Forex?

    Forex Rebates.com ?

      

  21. rotary laser levels on October 7th, 2010 5:18 am

    I really like this site and Forex Rebates Cash Back for Trades | Forex Review Blog . I read about you on another site I found on AOL and thought they had great views as well.

      

  22. rotary laser levels on October 7th, 2010 5:19 am

    I was looking for more information on Forex Rebates Cash Back for Trades | Forex Review Blog on Answers and this site was the first site I saw about it. Thanks for this and now I know where to look for hot stuff when I want it

      

  23. Forexmaster on March 11th, 2011 6:08 pm

    Rebates are sweet! I signed up at http://www.rebatesforex.com. I opened an account with Liteforex and am getting 1.5 pips back! It’s like half the spread. They have a bunch of other brokers and have deals on VPS

      

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