About Forex Rebates

What is Forex rebates?

Forex rebates often remain unfamiliar to many traders, especially those who are new to the market. Yet, for traders with extensive experience in the industry, currency reimbursement is a well-known concept.

A forex rebate is a partial refund of the spread or commission paid to the broker on the transaction, either trading or holding orders overnight.

Example 1: when you buy 1 standard lot of EURUSD (contract size 100,000) with a 2-pip spread, your transaction immediately incurs a cost of -2 pips or $20, representing the spread/commission paid to your broker. Through our forex rebate system, you can recoup a portion of these costs either with an existing trading account or by opening a new one. Reclaim your funds via bank transfer or a trusted payment service provider.

Example 2: with a 0.80-point rebate rate, if you trade 20 lots weekly, you’ll get an $8 discount per lot, forming your weekly exchange rate discount. The rebate rate can be represented in pips, a dollar amount per lot, or as a percentage of the broker’s commission.

Forex rebate 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%.

The amount of cashback you receive

1. Your selected broker’s rebate rate

2.The currency pair you are trading

3. Order and transaction volume

** To calculate your rebate, please use the forex rebate calculator**.

Advantages and Disadvantages of Claiming a Rebate

Advantages and Disadvantages
of Claiming a Rebate

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.

Advantages of Claim Forex Rebate

You can trade with your preferred broker while benefiting from rebates.
Those commissions you thought were gone for good will be refunded whether you win or lose, you will get your money back.
With rebates, you receive cash back on every trade, creating a continuous stream of passive income. It's the smart way to make your money work for you.
Cashback receiving from Forex and cryptocurrency rebates allows you to boost your overall trading performance by reinvesting them.
The average trader can make profits of more than 30% per year with forex rebates. (*depending on the frequency of trading)

Disadvantages of Forex Rebate

How To Choose a Forex Rebate Provider?

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.

Safety

Although receiving a forex rebate is entirely free and it is a great strategy to boost your profits. However, you must always consider whether the cashback provider is reliable or not. For UTSPAY.app we have a database that is password-protected. With us, your money is completely secure. Our database is also backed up numerous times a day. This means there will be no issues to your account.

Provided Languages

Provider of refund services in your country's language It may appear to be inconsequential. However, in case of an emergency or issue, this will be very beneficial. And For us, we offer services in both English and Thai.

Payment method payment fee

Payment options are a very good way to filter rebate forex providers. If you need a withdrawal method such as PayPal, Skrill or Neteller, then you need to choose one of the cashback networks that offer the solution you need. Furthermore, when you wish to withdraw your money, payment costs can be inconvenient. You should choose a provider where you can get your money quickly and without any fees.

Professional and friendly customer support team

Forex Rebate Service Provider With Unprofessional Support They usually lack the information that you need. However, there are a great few forex rebate providers who give great customer service via Live Chat, email, and phone, and we are one of them.

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