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

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  #1  
Old 28-12-2009, 18:48
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 the CashbackForex Broker Rebate Program.

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 the ForexCashback link below.
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  #2  
Old 15-01-2010, 00:20
Level 1 Lasers Member
 
Join Date: Oct 2009
Location: Springfield MO. USA
Posts: 1
Default Thank you!

I had never heard of this in the Forex world.

In the Online Poker world it is referred to as "Rackback"
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  #3  
Old 22-02-2010, 09:58
Level 1 Lasers Member
 
Join Date: Jan 2010
Posts: 2
Default

Scott, have you actually received a payment from these people? Just curious if they do in fact pay out...
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  #4  
Old 22-02-2010, 20:21
Level 1 Lasers Member
 
Join Date: Sep 2009
Posts: 18
Default

Quote:
Originally Posted by farizu View Post
Scott, have you actually received a payment from these people? Just curious if they do in fact pay out...
Yes, I get a paypal transfer every month.

/Scott
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  #5  
Old 05-05-2011, 23:11
Level 1 Lasers Member
 
Join Date: May 2011
Posts: 8
Default

For me, we should better consider this kind of offer because it help us in our trading business. For me rebates are important part of trading so I will surely consider this soon. Thanks for the information.
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  #6  
Old 14-01-2012, 16:42
Level III Lasers Member
 
Join Date: Dec 2011
Posts: 63
Default Re: How to get $280 cashback every month from your current broker

I can't see any links regarding this either. Has anyone tried it yet? $280 seems to be too much for a rebate.
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