REBATE OPTION Weekly, Daily and Direct Forex Rebates
DIRECT
DAILY
Your Rebate amount will be deposited into your Broker account directly after closing the trades or at the end of the day you have traded. This amounts will not be shown at PR Panel.
DIRECT
WEEKLY
Your Rebate amount will be deposited into your Broker account directly every Sunday for your current week trades (Some brokers have automatic internal transfer, so will do it every Sunday but other Brokers have manually internal transfer and they will process it on Monday). You can view the amount of rebates as paid balance into your PR account.
DIRECT
MONTHLY
Your Rebate amount will be deposited into your Broker account directly on the 10th of each month for your last month trades. You can view the amount of rebates as paid balance into your PR account.
PR PANEL
WEEKLY
Your Rebate amount will be deposited into your PR (PipRebate) panel every Sunday for your current week trades. You can view the amount of rebates as paid balance into your PR account.
PR PANEL
MONTHLY
Your Rebate amount will be deposited into your PR (PipRebate) panel on the 10th of each month for your last month trades. You can view the amount of rebates as paid balance into your PR account.
To Open a New Account and Receive Pip Rebate
Sign Up for Free account and Login in your PR account panel. (High recommended read How it Works to learn work with our site and your PR panel).
Use the below link(s) to open a new account.
Add your account in the Brokerage Account section of your PR panel.
To Receive Pip Rebate on An Existing Account
Please send an email to wm@paxforex.org to request transfer your account under our partner code.
PaxForex pays commissions up to 70% of your net deposits for every month, not anymore. So if your commissions (in a month) are higher than 70% of net deposits which you've made in the month, your rebates will be calculated from 70% of net deposits for every month. for example if your net deposits in a month is $300, and your commissions for all of your traders in the month is $500 , Paxforex do not pay $500 to us as their partner , they just pay $210 ($300 * 70% = $210) , and then we will calculate rebates for $210, not $500.
If you don't have any net deposit at Paxforex in a month, PaxForex doesn't pay any commissions for your trades in the month. so you will not earn any rebates.
Only deposited accounts will be included in the calculation of the Rebates.
Any completed trading transactions with duration of five (5) minutes or less will not be included in the calculation of the Rebates. Duration is considered the time between the opening and closing of a position.
All positions closed with a profit or a loss of less than one spread will not be included in the calculation of the Rebates.
All positions that were closed in the MT4 platform by the functions “close by” or “multiple close by” will not be included in the calculation of fees payment.
Churning is frowned upon by most brokers. If you plan on trading with no purpose other than to generate a rebate, please contact us before proceeding, as our commissions may be voided by the broker and this will also void any rebate you may expect to receive.