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Your cashback per month*

Choose a broker and learn how much cashback you can get at the example of EUR/USD

Cashback

$200.00

Lots: 50

* The figures included in the above graph are for illustrative purpose only. The full detailed specification of rebates is indicated on the page of a particular broker.

Latest news

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Summing up 2020: Major events of the past year

11/01/2021 17:15 in Articles

Congratulations, we’ve made it through 2020! This eventful year is almost over. Let’s take a moment to look back and recall its key events. It’s difficult to even start to comprehend how much this expiring year has changed our lives. We are all wearing masks and washing our hands several times a day now. If

read more...

Trading Trends We Expect in 2021

07/01/2021 11:09 in Articles

As 2021 begins there are hopeful signs that the markets will continue to recover this year.  A new US president is promising a return to normalcy and the multi-billion US stimulus package is expected to provide a modest boost to the economy very soon.  Other market trends are expected to continue well into 2021. Here

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The greenback still bearish, will the trend continue?

24/12/2020 15:15 in Articles

The USD saw some gains during this week as sentiment worsened, but the rally was only mild, and it looks like traders are immediately selling it. The US Congress has finally approved the new fiscal stimulus, although the amount of 900 billion USD seems fairly low. US President Donald Trump has already said he wants more money

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What is Forex rebate?

Or why each trader «is obliged»
to receive forex rebates?

Nowadays the completion among brokers is extremely high. It is when every broker is fighting for attracting new clients and keeping existing clients loyal to the brand. Brokers literally shower clients with the super beneficial offers: starting from appealing tight spreads along with bonuses and till competitions and prizes. Such a variety makes the process of choosing the broker quite tough, mostly for the beginners.

In this article we will help to realize how the spreads and trading commissions work. We will discuss if it is reasonable to consider them as a main orienting point.

Spread and commissions the first and foremost depend on the price received by the broker from its liquidity provider. Then the broker adds its own profit to the price as a certain number of points and translates the final value of spread/ commission to the terminal, where clients actually trade.

Moreover, spreads usually are non-constant. As a rule, brokers state that spreads are lower on trading accounts with floating spreads. However, the declared values of spreads appear quite rarely in real trading environment. Widening of spreads happens permanently and has different reasons: high market volatility, high demand on the market, releases of important macroeconomic news, etc. It happens sometimes even on fixed spread accounts (though the declared fixed spread initially is higher than the floating).

There are cases when a broker widens spread on all trades of certain clients based on the agreement with the partner, who referred those clients. If a broker is regulated, it has to inform the clients about the change of spreads. And the clients has to sign the written consent for the special terms.

To summarize, spreads and commissions are affected by many factors. Most of them depend on a broker. But spreads should be literally the latest argument for any trader while choosing the broker.

You will ask: But why? We know that too high spreads/ commisisons will either take away the big part of profits or pull an account to bigger «minus».

And now it is time to remember about popular word – cashback, that is very common in Forex industry. Forex Cashback is rebate (or return) of a part of paid spread/ commission. Forex rebate is received by the trader regardless of the financial result of a trade – was it in profit or in loss. Actually, a trader pays spread or commission regardless of the financial result as well.

Hence, a trader should focus above all on other, more important conditions, such as leverage, payment methods and speed of payments, reputation, licenses, egulations, etc. Meanwhile, there are two ways to return an excessively paid spread.

Some brokers offer such products themselves: return of the spread, or rebate, or cashback. Sometimes they do not advertise it, however, you can find it on the website or ask the details from the support team.

And the second way, which is actually more convenient and efficient, is to use different cashback services. Those services usually are aggregators which partner with broker companies worldwide. Those websites promote many forex brokers and show the amount of cashback which is possible to get from trades at each company they present. The most important tip is to register a trading account at a broker using the link from the cashback service website. Among representatives of such services is Globe Gain that has been successfully working on the market since 2011.

One more advantage of getting rebates from the cashback service rather than directly from the broker is an opportunity to trade simultaneously in different forex companies and receive centralized cashback from the one platform.

Cashback services quite often run various promos and increase initial cashback. That helps to keep their clients loyalty.

So, never forget to receive your merited forex rebate!

Withdrawal options

Globe Gain offers 8 payment options to meet your needs. Choose your own one
and get fast withdrawal of your cashback in some clicks