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Choose a broker and learn how much cashback you can get at the example of EUR/USD
Today’s release of the April Non-Farm Payrolls (NFP) report unveiled impressive growth in the US employment sector, exceeding predictions. An increase of 253K non-farm payroll positions surpassed the anticipated 180K, indicating ongoing economic recovery and expansion. The jobless rate also showed improvement, decreasing to 3.4% in comparison to the projected 3.6% and the prior month’sread more...
Exciting news from the forex broker Tickmill! Their Ultimate Forex Trading Masterclass has been extended through April, offering even more valuable insights into the world of online trading. Don’t miss this opportunity to enhance your understanding of trading the markets, complete with real-life examples of strategies and setups. Tickmill’s webinar series caters to both beginnersread more...
Dear Valued Clients, We hope this message finds you well. We would like to inform you of an important update concerning our partnership with Pepperstone. Starting from April 29th, Globe Gain will no longer be able to offer rebate payouts for trades executed through Pepperstone. We apologize for any inconvenience this may cause to ourread more...
If you are an active forex trader, you have probably heard of the term "forex rebates". But what exactly are forex rebates, and how can they benefit you as a trader? In this article, we will explore the concept of forex rebates, how they work, and the advantages of using them to increase your profits.
Forex rebates, also known as cashback, refer to a reward system where forex brokers pay traders a portion of the spread or commission for every trade they make. This means that traders receive a percentage of their trading cost back, regardless of whether they win or lose.
Forex rebates are usually paid out by a forex rebate service, such as Globe Gain, who acts as an intermediary between the trader and the broker. The rebate service negotiates with the broker to offer rebates to their clients, and then passes on a portion of the commission they receive from the broker to the trader.
To understand how forex rebates work, let's take a look at an example. Suppose you open a trading account with a broker and execute a trade for 1 lot of EUR/USD. The broker charges a spread of 2 pips, which amounts to $20 in trading costs.
If you have a forex rebate account with Globe Gain, you may be eligible for a rebate of 0.5 pips, or $5 per lot. This means that for every lot you trade, you will receive a rebate of $5, regardless of whether your trade is profitable or not.
Over time, these rebates can add up to significant savings, especially for active traders who make multiple trades per day or week. By using a forex rebate service like Globe Gain, you can reduce your trading costs and increase your profitability.
There are several benefits of using forex rebates, including:
To maximize your profits with forex rebates, here are a few tips to keep in mind:
Forex rebates are a valuable tool for traders who want to reduce their trading costs and increase their profitability. By working with a reputable forex rebate service like Globe Gain, you can earn cashback on every trade you make, without any minimum volume requirements or other restrictions. With customizable rebate programs and competitive rates, forex rebates are a smart choice for any trader looking to maximize their profits.