Rebates Forex

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Frequently Asked Questions

WHAT IS A “PIP”?

A “pip” is the smallest price change a currency pair can make.

In EUR/USD a pip = 0.0001
Example: 1.3749 to 1.3750

In USD/JPY a pip = 0.01
Example: 83.72 to 83.71

WHAT IS A “REBATE”?

A rebate is money paid from the broker to Rebates Forex every time you trade. Rebates Forex then, in turn, gives a majority of that rebate back to you for being a member of Rebates Forex.

DOES REBATES FOREX FUND MY ACCOUNT?

No. YOU have to fund your account. Then, we give rebates based on your trading volume.

DO I GET REBATES EVEN ON LOSING TRADES?

Yes. Win or lose you receive a rebate on every trade that is completed. The broker makes money on every trade, why shouldn't you?

HOW IS THE REBATE CALCULATED?

The rebate amount X lot size traded X 10 = money back on trade

Example: .25 pip rebate X .50 lots X 10 = $1.25
                  .25 pip rebate X 4.5 lots X 10 = $11.25

HOW OFTEN ARE REBATES PAID?

Most brokers pay us once a month, so you would be paid the following month on the last business day of the month. Depending on the broker, you may receive your rebate up to 2 weeks earlier. *If the broker has an option to deposit the rebate directly into your trading account, then they will handle the rebate on their terms and time frame.

WHAT IS A ROUND-TURN LOT?

Round-turn: A open and close of a transaction.

Lot: 100,000 units of a currency/currencies (standard).

Round-turn lot: an open and close of 100,000 units

DOES THE BROKER CHARGE HIGHER COMMISSIONS OR SPREADS IF I SIGN UP THROUGH REBATES FOREX?

Absolutely not! Your spreads will be EXACTLY the same as those offered on the broker's website. They will be the same as those you would pay if you had opened the account on the broker's website. The difference is that you make part of that commission or spread back every month.

DOES REBATES FOREX CHARGE ANYTHING TO SIGN UP WITH A BROKER?

No, never. It's a completely free service. You make money back if you sign up through us and we make money from the broker by referring you. A Win-Win scenario.

CAN I GET REBATES IF I SIGN UP DIRECTLY THROUGH THE BROKER?

No. You have to click through our links and follow our instructions to sign up with the broker so the broker knows we referred you to them.

CAN I GET REBATES ON EXISTING ACCOUNTS I CURRENTLY HAVE WITH A BROKER?

Yes, in most cases. Email us with the name of your broker and we'll instruct you on how to get rebates back.

CAN I GET REBATES FROM A BROKER THAT IS NOT LISTED ON REBATES FOREX?

You can send us an email with the broker you would like to get rebates from and we'll look into setting up a partnership with them to get you rebates, if they are a reputable broker.

CAN I HAVE MULTIPLE BROKERS THAT I GET REBATES FROM?

Yes. You can get rebates back from multiple brokers and they will all be under one account at Rebates Forex.

WHAT PAYMENT METHODS ARE AVAILABLE?

Paypal – No minimum payout. No Rebates Forex fees
Moneybookers - $1 minimum payout. No Rebates Forex fees
ACH (direct deposit) – US clients only - $5 minimum payout. No Rebates Forex fees
Bank Wire - $100 minimum payout. $15 US fee, $35 international fee. *Fees are deducted out of rebate amount.

WHAT HAPPENS TO MY REBATE IF I DON'T MEET THE MINIMUM AMOUNT FOR PAYOUT FOR MY PAYMENT METHOD?

The money will carry over until you have enough in your Rebates Forex account to be paid by that payment method.

IS REBATES FOREX TOTALLY AWESOME?

Yes, yes we are.

High Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

 

Newsflash

We DOUBLED the Tadawul FX rebate! The rebate for trading through Tadawul FX is now .85 pips back! Click here for more info.
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