Forex Rebates???????

Can someone please explain how the FX rebates I keep seeing advertised work.

I have seen a $4 rebate on every $100k round trip on cable.

I trade about $20m cable per month. On this basis I would receive a $800 rebate.

Is this good? Is it available to UK traders? has anyone any experience of this?

Help would be appreciated.

Thanks

Platforms such as IG and CMC will rebate the introducer of new clients between 10 to 30 pct of the spread, depending on the instrument. Firstly, you need to become an introducing agent for them.. then, as and when you bring new client, you will earn part of the spread each time they trade. This can be incredibly lucrative. For example, one large bank which I can't name white labels the CMC platform and then peddles it to its high net worth clients. Each time a client signs up, the bank subsequently receives a quarter of all bid/ask.

There are many ways to make money from markets whilst taking no risk....

I was thinking more as a retail client. i have seen rebates offered by ForexCashBack and the like.

brendansvest said:

I was thinking more as a retail client. i have seen rebates offered by ForexCashBack and the like.

Click to expand...

bump

brendansvest said:

Can someone please explain how the FX rebates I keep seeing advertised work.

I have seen a $4 rebate on every $100k round trip on cable.

I trade about $20m cable per month. On this basis I would receive a $800 rebate.

Is this good? Is it available to UK traders? has anyone any experience of this?

Help would be appreciated.

Thanks

Click to expand...

Brenden why dont you try ECN forex trading normally the spreads are tight so there is no question of rebate. If you wish to know more about it pm me ... does 1 pip spread on eur/usd appeal no commisions?