What is Forex Rebates?
How Can You Earn Real Cash From Forex Trading?
Once you open an account in a Forex Broker and start to trade (SELL or BUY), you are paying to the broker as spread or commission for opening and closing each trade. This Spread or Commission is broker's incoming from your trades. For example, when you open a trade on EURUSD currency pairs and pay 2 pips as Spread, these 2 pips will be the broker's income.
As you know most of the leading brokers have partners who introduce traders to them. Once traders who are introduced By a partner, open an account and make trades, the broker pays its partner as commission from its incomings from the trades. In the previous example, 2 pips are broker's incoming, so the broker pays a part of these 2 pips (like 1 pip) to its partner as commission.
We have already understood how brokers and their partners earn real cash from clients' trades in the forex industry. At this point, we can explain what is Forex Rebates.
Partner pay some of their earning commission to the client who makes the trade. So at this cycle, some of the amounts that the trader has paid as spread will be returned to himself/herself. This is what called "Forex Trading Rebates" or "Forex Cash Back". In the above example, if partner incoming is 1 pip from your trade on EURUSD, Partner pays 70% of the amount to you as "Forex Rebates". In this example, your Forex Rebate is $7.
You can have a quite Legal and 100% guaranteed income from your trades either win or lose.
Now assume you have traded 10 lots a week on EURUSD. So you will get 7×10$ that's meaning $70 Net profit in a week from your trades that your partner pays. The partner pays the Rebate amount in different ways like Internal Transfer to broker account ( The partner in its account in the broker will transfer to your account in the broker), Skrill, PerfectMoney, WebMoney, Bitcoin and etc. in three options Daily, Weekly or Monthly.