Forex Rebates as Additional Income
Currency trading market offers huge revenue promises for those considering doing business in foreign exchange trading. No business is easier than this which is only required an internet connection, computer and an account with broker to start. Once registered, anyone can connect easily and start forex trading anytime you want. The technology applied to the forex system trading caused the daily turnover reached a trillion dollars, the largest financial market now.
There is a way to make a profit in forex industry, you should know about forex rebates or cash back. This rebates offer allow you to generate a percentage of the spread you pay to broker on every trade you make. The rebates rate can be as high as 0. 5 pip or $2 (could be higher) which is of course quite significant if you think about that common market spreads for major currency pairs differ among 1 and 4 pips. Now you can see how the rebate is the best to get if you are heavy scalper.
For example, you usually generate 10 lot averages each day. If you trade that ammount per day, you should get $20 total rebate for 10 lots that you trade. This is no risk money generator. After you start, you will see how interesting this money making idea is. The scalping technique which merely requires a several moment to close a deal will make a lot of potential profit from this kind of rebates program.
The rebate is mostly offered by the Introducing Broker. This IB receives a certain commission by referring any new investor or customer to the related broker, and then pay back a percentage of his earning to the client. It is a mutually valuable understanding where everybody will get benefit from the program. As we know, we should get the rebate. Getting the rebates is the best way to eliminate broker spread. Surely rebate is very fun for active daily traders as an additional and no risk income to them.
There are actually many Introducing Brokers giving different rebate rate for their customers who signed up through them. There are many broker offer partnership in rebate programs such as Instaforex, FXPro, Dukascopy, FXCM etc. But from my experience, InstaForex rebates is the highest among others. Dont forget to take your rebate by registering new account under your official brokers partner.