Forex Rebates: Why Not Get Paid?

There is a big, range of Forex brokers that partake in this program, so it is easy to find a reliable forex broker no matter what your trading strategy or the size of your account. By selecting one of these brokers you have a solid base 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 refund program.
Typically a forex refund program includes an Introducing Broker, or referring broker receiving a commision from the broker, and then returning a part of their commission to the client. It really is a mutually beneficial arrangement where everybody gets paid. Getting a refund for every trade you place makes good sense. If you trade frequently you can simply a percentage 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 ride.
If you are trading 100 lots per month with a refund of $5, that equates 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 forex traders that auto trade and trade a huge volume of trades can also gain substantially from using trading rebates. Some robot traders can trade as many as 500 trades a month. That really translates into a significant check at the end of the month.
Many forex traders are not aquainted with the fact that there are online businesses 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 begun to become popular in the last 1-2 years.
The forex broker rebate program permits you to earn back a part of the spread you pay on each trade you make. Rebates can get as high as 0.7 pip or $7 which is of course significant if you consider that typical market spreads for major currency pairs vary between 0.9 and 3 pips. Below is an example of how much you can get as a rebate on your trades.
If for arguments sake you are aquiring a 0.5 pip rebate on a trade for which you pay a market spread of 2 pip. This means that you decrease your transaction costs by (0.5 / 2) * 100 = 25% ! This can significantly grow the bottom line of your forex trading account.
If you are trading 100 lots per month with a refund of $5, that equates 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 forex traders that auto trade and trade a huge volume of trades can also gain substantially from using trading rebates. Some robot traders can trade as many as 500 trades a month. That really translates into a significant check at the end of the month.