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Dear valued traders and partners, We wish to inform you about important upcoming changes to the structure of our rebate payouts for FBS. This decision comes as a direct response to the the new commission formula payouts by FBS. Starting from August 1, 2023, our service will be implementing a revised rebate payout structure. Thisread more...
Dear Valued Traders, We hope this message finds you well. In light of recent changes introduced by Skrill, we are obliged to update our terms of service accordingly. Effective July 1, 2023, Skrill has increased user-to-user transfer rates for our service to 5.99%, with a minimum fee of no less than 5 Euros. To adaptread more...
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...
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.