Forex Rebates FAQ
Is ForexTradeRebates.com a Forex broker?
No. ForexTradeRebates.com is a service that will help you to choose a forex broker that will best fit your needs and cut your trading cost by providing you with a volume rebate on your trades.
Who holds my funds when I use Trade Rebate service?
Using our service, your funds will be on your live trading account at your broker. Nothing will be different for you by using ForexTradeRebates.com as your introducing broker. However you will be able to receive cash rebates from us.
What is a forex rebate?
A rebate is a part of the spread or commission (that you pay to your broker every trade) that we are able to give back to you each month upon request.
Where does the rebate come from?
The rebate itself comes from the spread or commission you pay to your broker on each trade. According to our partnership agreement with brokers we collect a portion of that spread for bringing you to the broker. You must list us as the Referring Broker on the account with your Broker in order to receive a rebate. The actual amount varies according to the currency pair traded and the volume you trade.
How much do I need to start?
There is no minimum to start or stay with our rebate service. However each broker has an initial deposit amount that is required to open an account. This amount varies from broker to broker, so we glad to introduce you with broker list that will fit your needs.
What is the benefit of using “Forex Trade Rebate .com” over going to the broker firm directly?
Using our service, you are able to get additional income line participating in our trade rebate program. Going directly to your broker, you would regret this great opportunity for additional income stream.
Will my current spreads or commission's rate change using you? Does it differ from the commission rate I would receive by trading directly at a clearing firm?
No. Participating in our trade rebate program, you d
o not pay 1 ?penny/cent? more than you would by going directly to the dealing firm. We guarantee that! All your current commissions or spreads will be the same.
Why do I have to go through you to get a rebate?
We have established close relationships with brokeris that allow us to collect a portion of the spread on almost* every trade that you make. This allows us to give you a rebate, which other referring brokers or services couldn‘t offer you.
*depends on your brokers requirements (for example: Trades must be closed +/- 4 pips to qualify for a rebate)
How much can I earn?
We have no limits! The more you trade the more you get back from us. “Forex Trade Rebate .com” will happy to pay as more as it is possible. We pay the highest rebates on the net. The sum of rebate depends only on your traded volume. More orders you make, more money we pay!
Do you have access to my account?
We have no authorization to access your account, because we partnership with Forex brokers as referring/introducing broker and not as money manager. Therefore, you will receive the same spreads, execution, and other levels of service from your selected Forex broker that you would if you would register directly at your selected Forex broker.
How much does it cost to join the 'Trade Rebate Program'?
This is a free service for all clients/users of “Forex Trade Rebate .com”.
If I am already profitable from trading, why do I need a rebate?
Regardless of whether you are a new or experienced trader profitable or not you should be receiving a rebate on your account. This is money you are going to pay out per trade in any case. Do you want to throw your money to the broker and not to your pocket at no cost to you?
I am already a profitable trader. Why do I want a rebate?
It's simple. You already pay the spread on every trade you make to your broker. This is money you are going to pay out per trade in any case. Do you want to throw your money to the broker and not to your pocket at no cost to you? Don't you want to take some money back? We will change that! Get more profit from trading!
How often do I receive my rebates?
Rebates are paid out after the 15th of every month for the previous month’s trading, upon your request from personal cabinet. We have few reasons for this. Many broker companies does their payments once a month, afterwards, we have to calculate our customers rebates and make all the requested payments.
What is the minimum withdraw amount?
We ask you to collect at least USD $20 in rebates, before you will be able to request them for pay out.
Can you rebate a micro or mini account?
Yes, we do rebate all live accounts. However the rebates are proportionate to the size of the lot traded.
What if my trade loses? Do I still get a rebate?
Yes of course. The rebate comes from the spread when you make a trade. The spread is still there whether you win or lose. If you have a losing month, the rebate we pay you can take some of the edge off the loss and help you to recover.
What’s the catch?
There is no catch. The plan is simple: trade and receive rebates for trading without any cost to you.
What if I have other questions?
Please feel free to contact our staff and ask any questions.