subject: Getting Your Share Of The Forex Spread [print this page] Most forex traders are not aware that there are companies offering a cash rebate on every lot traded. Granted the whole idea of getting a rebate is a relatively new concept and has actually only started to become popular in the relatively recent times.
There is a wide, range of Forex brokers that partake in this program, so it is simple to find a suitable forex broker no matter what your trading strategy or the size of your account. By selecting one of these brokers you have a good start for success in the Forex market. You will be trading at a top quality broker while you can keep your operating costs low by benefiting from a rebate program.
If you are trading 100 lots per month with a refund of $5, that amounts to $500 per month or $6000 per year. This is money you would otherwise simply give to the broker and for which you have to do nothing at all. Those people that use Metatrader EAs and trade a large volume of trades can also benefit substantially from using trading rebates. Some automated traders can trade as many as 2000 trades a month. That really translates into a significant amount at the end of the month.
To site an example, if you are trading 100 lots per month with a refund of $5, that amounts to $500 per month or $6000 per year. This is money you would otherwise simply give to the broker and for which you have to do nothing at all. Those people that use Metatrader EAs and trade a large volume of trades can also benefit substantially from using trading rebates. Some robot traders can trade as many as 2000 trades a month. That really translates into a nice amount at the end of the month.
There is a big, range of Forex brokers that partake in this program, so it is simple to find a suitable forex broker no matter what your trading strategy or the size of your account. By selecting one of these brokers you have a good start for success in the Forex market. You will be trading at a top quality broker while you can keep your operating costs low by benefiting from a rebate program.
Typically a forex refund program implies an Introducing Broker, or referring broker receiving a commission from the broker, and then returning a percentage of their commission to the client. It really is a win-win arrangement where everybody gets paid. Getting a reimbursement for every trade you make makes good sense. If you trade a lot you can simply a part of the spread from a large number of forex brokers. The way I see it is it is better to have it in your pocket than the brokers, so why not? Sometimes there really is such a thing as a free lunch.
