Forex Forums |

Go Back   Forex Lasers Forum > COMMERCIAL CONTENT > Software / Signals / Services

ECN Forex Brokers - How to get monthly cash rebates

Software / Signals / Services

LinkBack Thread Tools Search this Thread
Old 18-01-2010, 00:10
Level 1 Lasers Member
Join Date: Jan 2010
Posts: 10
Default ECN Forex Brokers - How to get monthly cash rebates

ECN forex brokers, are forex brokers that, in contrast to retail forex broker, do not trade against you. Instead, they act like an interbank broker by consolidating bank quotes and providing you with the best bid available. Spreads tend to be tighter and more predictable. Instead of trading against you like retail brokers, ECN forex brokers charge commissions, which is a slight downside. However, it is possible to get substantial cashback on your turnover when using an ECN forex broker. The answer is a service called cashbackforex.

Consider the following calculation example:

Assume that you open an account with an ECN forex broker. Furthermore, take one of the more conservative discounts of 0.6 pip per roundtrip lot traded available on cashback forex. One pip equals about $10 on average if you trade EURUSD, EURCHF and EURGBP. Let's say that you deposit $2000 on the account. Our estimate is that you will turn over about 10-15 Lots per $1000 per month on your account when using FAPTurbo and Megadroid. Assume that your turnover is 24 lots per month on your $2000 account.

Your monthly cashback during the first month would then be:

0.6 x 10 x 24 = USD 144

Your annual ROI would then be (144x12/2000) about 86% per year.

This is a very conservative figure since it does not take any compounding at all into regard and assumes zero growth from expert advisors. Assuming a monthly growth rate of 20% you could make $4500 per year from this program only.

It is 100% free to sign up and your spreads or commission remains the same after joining this program so there is really no reason why not to join. It is simply just money waiting to be collected by you!

There are several ECN Forex Brokers connected to Cashback Forex. In addition you can also claim a cashback from the following brokers (some retail): Alpari UK, Avafx, Dukascopy, Etoro, FXCBS, FXCM, FXDD, Fxopen, Fx Pro, GallantFX, Go Markets, Liteforex, Marketiva, Tadawul FX, X Forex If you are a forex trader, sign up for this program today and start to take advantage of the cashback system and get some money back from the ECN Forex Brokers.
Reply With Quote
Old 15-01-2012, 19:13
Level III Lasers Member
Join Date: Dec 2011
Posts: 63
Default Re: ECN Forex Brokers - How to get monthly cash rebates

This sounds like a good deal. I'm just wondering why nobody wants to comment on this.

All things are difficult before they are easy.
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Forex Rebates aj2121 Software / Signals / Services 2 25-01-2022 08:47
Cash back? JonD Broker Talk 31 22-08-2019 21:41
Forex mini account broker - How to get monthly cashback from forex trading asafp584296 Software / Signals / Services 3 28-02-2012 07:09
Get Forex Rebates from your Broker with GainFXRebates Software / Signals / Services 0 05-03-2011 11:24
How Forex Rebates Work Gooner Software / Signals / Services 0 11-02-2010 03:28

All times are GMT. The time now is 08:10.

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2023, vBulletin Solutions, Inc.