I've been trading the fx market for a long time now and as my currency trading volumes have increased so to have my trading charges in the form of commissions. Someone said on the internet that you're able to earn forex broker rebates from your trading commissions so I asked my broker if I was entitled to this, they said no. I noticed a really great offer online so I wanted to share my experience with you.
Shortly after finding out about forex rebate programs I spoke to my old brokerage to determine if I could get a rebate on my commissions as offered via a cash back site that I came across. Fortunately for me they said absolutely no this wouldn't be doable as I was in fact a pre-existing customer.
At this moment I had to search for a forex cash back program and a more accommodating brokerage. Almost all the forex rebate sites have brokerage critiques as a result it wasn't a whole lot of work, however I noticed a lot of the brokers wouldn't suit my trading technique and also had wide spreads. Several of the forex cash back websites had ECN/NDD brokerages but the deals were not as competitive as I'd really like also, the brokers weren't licensed.
By pure luck I managed to find a few great ECN brokers on the forex rebate websites, one of these was IC Markets. I opted in for a demo with IC Markets to test out their spreads, trading commissions and range of products. They had the tightest spreads by a long shot and their commissions were cheap and so I started searching the net to find the best forex rebate program for IC Markets.
I managed to locate a exclusive forex rebate web site just for IC Markets. I found myself very shocked because this was dissimilar to the cash back vendors I'd come across in the past. They offered a commission discount plus a end of month rebate option, I decided on the commission discount as I'm a intraday trader and like lessened trading expenses. With the commission discount I am now charged $5.50 for each round turn standard lot, without having this special offer it is usually $7.
Shortly after finding out about forex rebate programs I spoke to my old brokerage to determine if I could get a rebate on my commissions as offered via a cash back site that I came across. Fortunately for me they said absolutely no this wouldn't be doable as I was in fact a pre-existing customer.
At this moment I had to search for a forex cash back program and a more accommodating brokerage. Almost all the forex rebate sites have brokerage critiques as a result it wasn't a whole lot of work, however I noticed a lot of the brokers wouldn't suit my trading technique and also had wide spreads. Several of the forex cash back websites had ECN/NDD brokerages but the deals were not as competitive as I'd really like also, the brokers weren't licensed.
By pure luck I managed to find a few great ECN brokers on the forex rebate websites, one of these was IC Markets. I opted in for a demo with IC Markets to test out their spreads, trading commissions and range of products. They had the tightest spreads by a long shot and their commissions were cheap and so I started searching the net to find the best forex rebate program for IC Markets.
I managed to locate a exclusive forex rebate web site just for IC Markets. I found myself very shocked because this was dissimilar to the cash back vendors I'd come across in the past. They offered a commission discount plus a end of month rebate option, I decided on the commission discount as I'm a intraday trader and like lessened trading expenses. With the commission discount I am now charged $5.50 for each round turn standard lot, without having this special offer it is usually $7.
About the Author:
I'm glad I found IC Markets Rebate, their commission discount along with the IC Markets True ECN account must be the best forex rebate program on-line.
The Top Forex Rebate For An ECN Broker
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