Trading Rebates for World Traders
Whether you are trading Foreign Exchange, CFDs, Futures or Options, you can receive commissions based on your trading volumes, these commissions are called rebates. Joining a trading rebate program is free and it can prove very helpful in reducing your trading cost.
What is Rebate Trading?
Rebate trading means making a net income based on your trading volumes no matter if your trades are winners or losers. The only thing you have to do is to join a rebate plan via an Introducing Broker (IB). The rebate payments are calculated every time you open and close a trade position (per lot basis) and are paid directly in your trading account or via Internet Wallets.
A trading rebate program is an ideal choice for large-volume traders such as day traders and scalpers.
How Does Rebate Trading Works?
The only thing you have to do is to contact an Introducing Broker and ask him if he offers a rebate program with your desired Forex broker. The process of joining a rebate program is usually very simple and lasts a few hours. Most of the time you just have to register a new account via an exclusive rebate link.
Important -Avoid Bad IBs
The rebate programs are free but there are some introducing brokers (IBs) who charge re-quotes on their clients. That means they misbehave by widening the spread of the traders in order to pay them rebates. Demand from any IB to make it clear if he adds re-quotes to your spreads, or not.
Note: all the rebate plans listed in the above table are NOT charging any re-quotes or fees of any kind (what you see is what you really get).
How Do You Get Paid?
A rebate payment can be made directly in your trading account or via Internet Wallets (Skrill, Neteller, Paypal, etc.). A rebate payment can be fully automated, if your broker allows it, or it can be manual. Payments are calculated either on a daily or on a monthly basis.
■ Trading Rebates for World Traders