ForexCountess
Newbie
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Hi guys, I found this site named CashBackForex > Home that gives you cash back every month if you trade with one of their brokers, and they have very good brokers!
The broker pays them for being an introducing broker, and they give most of it back to you. Your transaction costs like spread and commission do not increase. The only one losing out is the broker, but they just consider this a marketing cost. A few other sites also do broker rebates but cashbackforex.com gives away much more and they are more established and professional organization. They give you back 60% of what the broker pays them, which is based on transactions costs you have generated during the course of monthly trading activity. Other forex rebate companies give back about $1.00 - $4.11 per lot which works out to about 10-41% max.
The broker pays them for being an introducing broker, and they give most of it back to you. Your transaction costs like spread and commission do not increase. The only one losing out is the broker, but they just consider this a marketing cost. A few other sites also do broker rebates but cashbackforex.com gives away much more and they are more established and professional organization. They give you back 60% of what the broker pays them, which is based on transactions costs you have generated during the course of monthly trading activity. Other forex rebate companies give back about $1.00 - $4.11 per lot which works out to about 10-41% max.