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How to get $280 cashback every month from your current broker

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  #1  
Old 16-05-2010, 17:37
Level 1 Lasers Member
 
Join Date: Sep 2009
Posts: 18
Default How to get $280 cashback every month from your current broker

Many forex brokers use so called Introducing Broker programs as a way to attract new customers. For every customer an Introducing Broker attracts he gets a share of the commissions charged to the customer.

Customers pays the same commissions no matter if they are with and IB or not. What is important to know for you as a trader is that brokers have a built in margin in their commission structure to allow for incentive payments to Introducing Brokers.

Some introducing brokers are now passing on a significant amount of their payments received to you as a trader. There are several programs on the market at the moment, but I highly recommend Forex Cashback (see Broker Rebates, below)

I have used their service for over one year and collected more than $ 5000 so far. Funds are automatically transferred to our Paypal account every month.


Currently you can sign up for cashback from the following brokers:

ACM
Alpari UK
Avafx
Dukascopy
Etoro
FXCBS
FXCM
FXDD
Fxopen
GallantFX
Go Markets
Liteforex
Marketiva
Tadawul FX
X Forex


FXCM for example offers as much as 0.7 pip discount per lot traded, or $7 on EURUSD for example.

0.7 pip discount x $10 average pip value on pairs traded x 40 Lots per month = $280

Dont give away more commission than you have to! For more information check out Broker Rebates below.
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  #2  
Old 05-05-2011, 11:12
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Join Date: May 2011
Posts: 8
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I will try it soon when I finish with my demo account with etoro.
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  #3  
Old 05-05-2011, 14:48
Level 1 Lasers Member
 
Join Date: May 2011
Posts: 1
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Hi Scottfx99! Thanks for such nice information. These all brokers gives cash back? mean are they guaranteed?
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  #4  
Old 14-01-2012, 18:02
Level III Lasers Member
 
Join Date: Dec 2011
Posts: 63
Default Re: How to get $280 cashback every month from your current broker

Save that thought. That trader actually posted 3 similar threads in this forum site.

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