What is a rebate?
A rebate is a part of the spread or commission that you pay to your broker that we give back to you each month.
Where does the rebate come from?
The rebate itself comes from the spread or commission you pay to your broker on each trade. As a Referring Broker we collect a portion of that spread for bringing you to the broker or keeping you with them. This is how Referring Brokers get paid, and we simply share part of that spread with you the trader. You must list us as the Referring Broker on the account with your Broker in order to receive a rebate.
How much do I need to start?
There is no minimum to start or stay with the program. However each broker has an initial deposit amount that is required to open an account. This amount varies from broker to broker.
How much *leverage is available to me?
Most brokers have different leverage’s available to the Forex Trader. Usually 100:1* is used but other leverage ratio’s are used as well like 200:1*. Each broker is slightly different, but they all have more than one leverage option for the trader.
*Without proper risk management, this high degree of leverage can lead to large losses as well as gains
Can I demo trade the account before I go live?
Of course! We have provided demo links on all broker pages to allow you to feel completely comfortable with that particular broker before opening a live trade account.
Why do I have to go through you to get a rebate?
As Referring Broker we have established relationships that allow us to collect a portion of the spread on every trade that you make. This allows us to give you a rebate, which many other referring brokers do not offer.
Does it matter which currency pairs I trade?
No. It does not matter which currency pairs you decide to trade. We will pay you $4.11 per round turn (buy and sell) Standard Lot (1 Lot = $100k) that you trade regardless of the pair.
Does it matter which platform I want to use?
You may choose any broker we have listed and with them any platform they offer. This is a matter of choice and personal preference to the trader. You should take into consideration your individual trading needs and methodologies before selecting a broker. We have a considerable amount of insight and can be of assistance when selecting the appropriate broker to trade with. Just ask us!
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. Doesn’t it make sense to get some of that back at no cost to you?
How often do I receive my rebates?
Rebates are paid out after the 15th of every month for the previous month’s trading. We can pay you in a variety of ways some have a small charge so consult with us first to see which is the best available option for you. We offer Check, Money order, PayPal or we can wire the funds.
Can you rebate a micro or mini account?
Yes, we do rebate all accounts however the rebates are proportionate to the size of the lot traded. For example: for a mini account you will only receive $0.41 cents for each round turn mini lot traded. A micro mini would be reduced proportionately as well.
I already have an account with one of the supported brokers. Can I still get rebates?
Yes. You will need to fill out a transfer form or fill out new account paperwork listing us as the Referring Broker. This is an easy process that we expedite for you to ensure a timely transfer with little to no downtime in your trading.
Do you offer any other brokers not listed on your site?
We do have relationships with brokers not listed on our site. However, they do not pay us enough to offer you a $4.11 rebate so we do not have them listed. To inquire about other brokers or offers please contact us directly at info@fxrebates.com
Where is FxRebates located?
FxRebates is a division of Forex Global Solutions, Inc. which is located in Boca Raton, FL.
What if my trade loses do I still get rebated?
Yes. Even in a losing trade you have still purchased and sold a lot of some size and therefore will be rebated accordingly. It is the overall volume traded, not the amount of winning or losing trades that is relevant to rebates.
What services if any do you offer other than rebates?
Forex Global Solutions, Inc. has many other offers than just our rebates program. To find out more contact us directly and we will be glad to assist you in any way possible.
If I want a bank transfer, is there a minimum amount?
There is no minimum amount however, you the trader will be responsible for any cost involved that will make the wire possible. There are also several other methods available for you that can reduce the cost of receiving your money. Check, money order, and PayPal are not as costly in most instances as wire transfer.
What’s the catch?
There is no catch. The plan is simple: trade and receive rebates for trading without any cost to you. We can assist you in setting up your account, provide you valuable insight, and give you an added feeling of comfort knowing we are only a phone call away ready to address your every need.
What is FOREX?
Foreign Exchange (FOREX) is where a nation’s currency is traded for that of another in pairs.
What if I have other questions?
We are always here to assist you with whatever questions you may have. Please feel free to contact our friendly & courteous staff whose insight and knowledge of the forex market can be a great advantage to any Forex Trader beginner or expert.
