HotForex Reward Programs

How Can You Earn Real Cash From Forex Trading?


Once you open an account in a Forex Broker and start to trade (SELL or BUY), you are paying to broker as spread or commission for opening and closing each trade. This Spread or Commission is broker's incoming from your trades. For example, when you open a trade on EURUSD currency pairs and pay 2 pips as Spread, this 2 pips will be broker's income.

As you know most of leading brokers have partners who introduce traders to them. Once traders who are introduced By a partner, open an account and make trades, broker pays to its partner as commission from its incomings from the trades. In previous example 2 pips is broker's incoming, so broker pays a part of these 2 pips (like 1 pip) to its partner as commission.

We have already understood how brokers and their partner earn real cash from clients' trades in the forex industry. At this point we can explain what is Forex Rebates.

Partner pay some of thier earning commission to the client who make the trade. So at this cycle some of the amount that the trader has paid as spread will be returned to himself/hisself. This is what called "Forex Rebates" or "Forex Cash Back". In above example if partner incoming is 1 pip from your trade on EURUSD, Partner pays 70% of the amount to you as "Forex Rebates". In this example your Forex Rebate is $7.

You can have a quite Legal and 100% guaranteed income from your trades either win or lose.

Now assume you have traded 10 lots a week on EURUSD. So you will get 7×10$ that's meaning $70 Net profit in a week form your trades that your partner pays. The partner pays Rebate amount in different ways like Internal Transfer to broker account ( The partner in its account in the broker will transfer to your account in the broker), WireTransfer, Skrill, Neteller, WebMoney and etc. in three options Daily, Weekly or Monthly.

 

Votes: 0
E-mail me when people leave their comments –

Comments

  • Thanks for explaining this Dave Phan because it was a complete mystery until then Grin.gif

This reply was deleted.

You need to be a member of Forexmospherians - Forex Traders Social Network to add comments!

Join Forexmospherians - Forex Traders Social Network

Forex Traders Bloggers Corner - Forexmosphere

Helpful Hints

Share a post on or off topic at Bloggers Corner with the community. Try to avoid just simply posting a link or video and saying this is great. Explain what makes it great or how this was useful. Sometimes things are simply entertaining and so say what you enjoyed about it. Descriptions with as many details are always interesting to read and so say what interests you.

 

 

Latest Activity

Sir Gissachance commented on Sir Gissachance's blog post A New Forex Trader | "I'm Like a Dog Chasing Cars"
May 20, 2021
Stella Abu updated their profile
May 18, 2021
Rishi Raj Singh and Silva joined Forexmospherians - Forex Traders Social Network
May 17, 2021
longle4395 commented on david william's blog post EUR / USD can rise more
Dec 21, 2020
longle4395 commented on Daniel Stasziek's blog post Daniel's FX Trading
Dec 18, 2020
Sir Gissachance commented on Sir Gissachance's blog post A New Forex Trader | "I'm Like a Dog Chasing Cars"
Dec 18, 2020
longle4395 commented on Sir Gissachance's blog post A New Forex Trader | "I'm Like a Dog Chasing Cars"
Dec 17, 2020
longle4395 is now a member of Forexmospherians - Forex Traders Social Network
Dec 16, 2020
david william posted a blog post
Dec 7, 2020
david william is now a member of Forexmospherians - Forex Traders Social Network
Dec 7, 2020
Aleksey Novikov is now a member of Forexmospherians - Forex Traders Social Network
Aug 12, 2020
Sir Gissachance commented on Viktor's blog post GOLD first drop then sky high
Aug 4, 2020
More…