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

Scottfx99 · #1 (**permalink**) 28-12-2009, 17:48

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.

Mrezoot · #2 (**permalink**) 14-01-2010, 23:20

I had never heard of this in the Forex world.

In the Online Poker world it is referred to as "Rackback"

wytco0 · #3 (**permalink**) 22-02-2010, 05:46

What is the link? I cant see one.

farizu · #4 (**permalink**) 22-02-2010, 08:58

Scott, have you actually received a payment from these people? Just curious if they do in fact pay out...

Scottfx99 · #5 (**permalink**) 22-02-2010, 19:21

Quote:

Originally Posted by farizu

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

jessica30 · #6 (**permalink**) 05-05-2011, 23:11

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.

flogger · #7 (**permalink**) 14-01-2012, 15:42

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