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Frequently Asked Questions

What is "forex rebates" or "forex cashback"?

Forex rebates and forex cashback are synonyms, they are both the same thing. Every time you trade at one of our partner brokers, you will receive cash from FXRebateClub. This cash amount paid to you is what we call rebates or cashback.

What is a "pip"?

A pip is a standardized unit and it is usually the smallest amount by which a currency price changes. A pip is usually the forth decimal (0.0001) in the price of a currency pair. For pairs with the Japanese yen (JPY) a pip is calculated in the second decimal (0.01).

What is a "round turn"?

A complete trade, including both entry and exit. Also called round trip.

Is your service free of charge?

Absolutely! All we do for you we do absolutely for FREE. On the contrary, we pay you for choosing our service.

Why should I open an account via FXRebateClub and not directly with a broker?

With us, you will save different percent of paid spread or commission! A broker will pay us remuneration as spread fraction or commission for each transaction of yours. In our turn, we will rebate you up to 90% of our remuneration.

Does trading through FXRebateClub affect my spreads and commissions?

No, trading through us will never increase your spreads or commissions! In reality, your net spreads and commissions paid are lowered through the cash rebates we pay you!

How can you pay me for trading Forex?

FXRebateClub is an introducing broker, which means that our partner brokers give us a part of the spreads or commissions you pay when you trade. The money we receive is a compensation for recruiting new traders to the brokers. 
Please, note that your trading conditions never will be affected in a negative way by trading through FXRebateClub. Your spreads and commissions will never increase, you will get the same exact treatment and trading conditions as all other traders get.

Does it matter if my trades are profitable or not?

No matter how successful your trading is, you will be paid for each executed trade.

How much will I get per transaction?

The rebate amount depends on the broker, account type, trading instrument, and position amount, and may reach up to 80% of spread. For rebate calculation please, use the Rebate Calculator located in the right part of the site!

How will I get paid?

In order to keep our costs down and pay you the highest possible rebates the general payment option we offer is to pay you directly back into your trading account where it is possible. From there you may withdrawal your money via the brokers payout methods.
In other cases we offer PayPal, Neteller and Skrill as alternative payment options. FXRebateClub doesn't apply any transaction fee. The used payment services have the following fees: PayPal 4%, Neteller 1.9% (max. $20), Skrill 1.9% (max. 20 EUR).

When will I get paid my rebates?

Brokers typically provide trading records to us no later than the 15th of the month following the close of each trading month. We then calculate your rebates and credit them to your profile no later than the 25th of the month following the month commissions were earned in.

Do you have any minimum or maximum payout fixed?

The minimum payout is $10. The withdrawal of smaller sums won’t be beneficial for you as various administration fees and charges will be larger than the transfer benefit. The money will be kept on your balance and added to the rebates for the next month.

Can I register multiple broker accounts?

Yes, you can. You can register at multiple brokers and register multiple accounts at each broker. However, this depends on which broker you choose. Some brokers may not allow multiple accounts.

I already have an account at a broker, can I still receive cash rebates?

Different brokers have different policies. You can find additional informations about these policies on our specific broker's page at "Signup instuctions" section.

Can I receive cash rebates from a broker that isn’t listed on your website?

This depends on what broker it is. Please, note that we only work with reliable brokers. Contact us and tell us what broker you would like to receive rebates from and we will look in to the matter. In most cases we can help you.