The forex brokerage industry is highly competitive, with brokers competing on various aspects such as promotions, leverage, spreads, and commissions. This also includes Introducing Brokers (IBs), who act solely as representatives for finding clients for brokers and do not provide any compensation to traders
This has led brokers to develop strategies through partnerships that benefit traders. One strategy is to refund forex fees, such as spreads and commissions, to traders through intermediary partners such as Cashback forex or Forex rebates (Fx rebates) platforms.
Therefore, Cashback forex or Forex rebates (Fx rebates) refers to the cashback of forex fees to traders. This includes fees such as trading commissions, overnight swap fees, spreads, and other hidden fees. The cashback rate depends on the forex broker, the currency pair you trade, and your trading quality.
How it works on Cashback forex or Forex rebates (Fx rebates) is because brokers primarily generate revenue through fees, The broker will deduct the fee directly from the trader.
For example, in the case of forex (foreign exchange) trading, forex brokers charge a commission per USD/lot size. This commission is a necessary cost that traders must pay to the broker.
Cashback forex or Forex rebates (Fx rebates) is an extra income that allows traders to increase profits or reduce losses on individual trades. With forex rebates you will earn from us whether your trades are profit or loss. We get a commission on every client who opens an account via our website and application link, and most of the commissions we earn will be returned to you up to 80%.
UTSPAY partners with forex brokers to generate revenue as a Cashback forex or Forex rebates (Fx rebates) platform. We earn commission for introducing users to brokers, the amount of which varies depending on the broker and their agreement with UTSPAY. UTSPAY then returns 95% of the commission received from brokers to traders in the form of Cashback forex.
This means that when you trade with any forex broker, if your account is under UTSPAY, you can receive cashback from over 40 brokers. UTSPAY provides comprehensive cashback support for traders, and you can receive your cashback directly through your UTSPAY account.
Forex Cashback is a unique way for traders to boost their profits and minimize losses on every trade. UTSPAY, a trusted Cashback forex or Forex rebates (Fx rebates) platform, offers traders the opportunity to receive a portion of their spreads and commissions back, regardless of the trade’s outcome.
You have to select a forex broker that offers Cashback forex or Forex rebates (Fx rebates) and brokers under UTSPAY. You can open a new broker account through UTSPAY to start receiving cashback on all your trades or If you already have an account with a supported broker, you can link it to UTSPAY to start earning cashback.
Start trading and earning cashback. Once your account is linked, you’ll automatically receive cashback on every trade you make, regardless of the outcome. Trade forex with UTSPAY and earn Cashback forex or Forex rebates (Fx rebates) on every trade, withdraw your earnings, and track your progress conveniently through UTSPAY
Before embarking on the journey of pursuing rebates, traders must navigate these intricacies and weigh the advantages against the disadvantages. This exploration will help you make an informed decision, ensuring that the pursuit of rebates aligns with your goals and preferences.
You need to consider the refund rate range of preferred provider. Each broker will offer different discounts. Therefore, you should consider comparing the offers
before making your decisions. Although the rebate rate is really important, we believe that is not the most essential factor. There are numerous more crucial factors to contemplate, such as security and payment options. These are aspects you should take into account when making your decision.