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Forex (from FOReign EXchange) is a global financial market where national currencies of various countries are traded.
Forex market participants are central banks, market makers, investment companies, brokers, and retail traders.
Daily trading volume in the currency market makes up around $4 trillion. Trading is carried out 24/5. The currency market has no physical location unlike, for example, the London Stock Exchange. Deals in the forex market are made through telephone, the Internet, and special software. As a result of the Internet broad coverage, currency trading has become available to anyone. Besides, trading can be started with any initial capital.
What is a broker?
A broker, or brokerage company, acts as an intermediary allowing traders to work on Forex for a certain fee (brokerage commission).
What is spread?
All currency pair quotes consist of two prices:
Spread is the difference between the sell and buy prices. Spread varies depending on the currency pair, the deal size, market condition, and the company with which a person trades.
Spread ensures earnings of a forex broker.
What is rebate service?
Forex Rebate Weekly is a forex rebate service that enables its client to get a part of the paid spread back to the trader’s account weekly.
How is rebate payment formed?
Forex cashback is the spread part that a trader pays to their broker from every made deal. The Forex Rebate Weekly service cooperates with InstaForex that returns a part of the forex spread to its clients.
If trading is successful, why does a trader need the forex rebate service?
Regardless of trading experience, a trader should receive cashback because the funds paid for the deal belong to the trader. So why not get the money back?
How to become a client of the forex cash return service?
To get a part of the forex spread back, open a trading account with InstaForex, register on the official Forex Rebate Weekly website and then trade in a usual way but with a partial spread rebate.
Why is Forex Rebate Weekly just what you need?
The forex cashback service, Forex Rebate Weekly, and InstaForex offer one of the highest forex rebates in the market – 1.6 pips from every made deal. Spread is returned on a weekly basis. Besides, you do not have to confirm your identity or trading operations as the system works automatically after the first and sole registration.
If a deal turns out to be losing, will spread be returned?
Regardless of a transaction outcome, every trader registered for the broker rebate service will get a part of spread back.
If the deal brings neither profit nor loss, will there be spread return?
Spread is returned only in case a deal resulted in at least 1-pip loss or profit.
Does it matter what currency pair is traded?
Traded currency pair does not matter at all. Rebate is paid for a standard deal made on any currency pair.
How is rebate calculated for cent accounts?
Rebate for cent accounts is calculated in the same way as for usual accounts. A trader receives $0.016 from every lot given the 1.6-pip rebate from every deal.
Is it possible to register PAMM accounts for the rebate service?
PAMM accounts can participate in the partial spread return system. In this case, all participants of the PAMM project receive cashback.
What other opportunities does Forex Rebate Weekly provide?
The main partner of the forex rebate, InstaForex, offers its clients and partners lots of services for making money in the currency market. To find out about these services, go to the InstaForex official website (instaforex.com) or contact us.
If you still have some questions about the partial spread return system, feel free to contact us through the feedback form. We are always glad to help you!