Forex rebates is a way to earn money from the Forex Market regardless whether you lose or win in a trade.
It works like this: At the end of each trade, the trader gets paid a rebate of $1.00 to $4.00 per lot traded.
The rebate is either then:
- Held with the rebate provider until the end of the month, where the trader can withdraw his total monthly rebate earnings
- Or paid daily, directly into your trading account, as in the case of Pepperstone rebates
- Or the rebate comes in the form of a direct commission discount, meaning instead of receiving the rebate later on, you immediately get the rebate through a direct reduction in your commission rate. So instead of paying $7 per lot commission, the trader pays a discounted rate of $5.50 per lot. This is the case for our Axitrader, IC Markets, Global Prime and Tickmill rebates
The trader is not penalized in any way because of the rebates. The spreads and trading conditions remain exactly as they were as though the trader did not join the rebate program. It would be silly of the rebate provider to do so as it would significantly damage their reputation in the Forex community
The Forex rebate program is becoming more and more of an integral part of every successful trader’s arsenal because it helps them significantly reduce their trading costs.
Using the example of receiving a $1.50 commission discount per trade, for each lot, the trade is able to save (or earn) an extra $150 per month if he trades 100 lots of volume for that month
See the commission discount in action!
For SGD accounts, IC Markets charges 9 SGD (7 USD) per rt lot before discount, after discount, 7 SGD (5.5 USD), a 22% discount, or a $1.50 commission discount
To get started, visit the homepage to view the brokers you can start earning your rebates from
Or leave a comment below to have your questions answered
To your utmost success,
Abundance Trading Group