Frequently Asked Questions
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
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.
No. YOU have to fund your account. Then, we give rebates based on your trading volume.
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?
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
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.
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
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.
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.
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.
Yes, in most cases. Email us with the name of your broker and we'll instruct you on how to get rebates back.
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.
Yes. You can get rebates back from multiple brokers and they will all be under one account at Rebates Forex.
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.
The money will carry over until you have enough in your Rebates Forex account to be paid by that payment method.
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.