I have partnered with Cashbackforex, one of the oldest and most reputable rebates companies, to provide you with some of the most generous cash back rebates currently available anywhere online.
So now you can open an account with any of the forex brokers above, which includes many of the most popular companies such as IC Markets, Tickmill, XM, Pepperstone, FXPro and Exness, and receive cash back every time you place a trade, regardless if it’s a winning trade or a losing trade.
Please note that I will receive a referral commission if you use one of the links above to open a new broker account and start receiving rebates from Cashbackforex.com, but it would be very much appreciated if you do as it will help cover the running costs of this site.
If you have any questions about Cashbackforex or forex rebates generally, I have attempted to answer many of the most common questions below:
What are forex rebates?
Forex rebates are simply cash incentives offered to traders for their trading activity. They are generally paid per round lot and are based on a percentage of the spread or the commission paid to the broker.
Why do brokers offer rebates?
Forex trading is a fiercely competitive industry, and so you will find that many forex brokers are more than happy to partner with rebate companies, and offer cash incentives to attract more traders.
How are rebates calculated?
Brokers will return some of the profits that they make from your trading activity, and pay you either a percentage of the commission, a percentage of the spread or a fixed dollar amount per trade.
When are rebates paid?
Rebates are usually calculated and credited to your account every time you enter and close a trade. They will then be paid out at weekly or monthly intervals.
How much can you earn?
It is a common misconception that you will only be earning pennies from each trade when you use a rebates company. If you sign up with XM, for example, you will receive $5.5 cashback per lot on their micro and standard accounts, Traders Trust pay out $5 per lot on their Classic account and Tickmill will pay $7.75 per lot on their Classic account at the time of writing, and the commission percentages are often similar amounts. Over time these commissions will really add up if you trade regularly.
Are there any additional costs when using a rebate company?
Some companies will sneakily widen the spreads to compensate for any rebate payments that they need to make, but Cashbackforex are adamant that their spreads will never increase as a result of using their service. Therefore you will actually make more money from opening a broker account through a rebate company than opening an account with a broker directly because there are no additional costs at all.
Should you choose the broker with the highest rebate commissions?
No, it is not a good idea to choose a broker simply because they pay the highest rebates. There are many other factors that you should take into consideration as well, such as regulation, trading platform, type of accounts offered, leverage, spreads and commissions.
