FXCM UK rebates are discounts or cash payments made to FXCM UK account holders for every trade they place, whether it’s a win or a loss. The FXCM UK forex rebate program reduces the cost of the transaction and puts some money back in a trader’s account every month that would otherwise be lost to the cost of the transaction.
How it works
When you open a brokerage account through us, the brokerage pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us. Your spreads and trading conditions remain the same as if you had opened an account directly with the broker. The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker.
Are FXCM UK Rebates a scam; do my spreads increase?
FXCM UK rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.
When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.
What is the best FXCM UK rebate program?
The first forex rebate providers were Chinese and catered to Chinese clients. In 2006 the company ‘FX Rebates’ arrived on the scene out of the USA, offering forex rebates to a global clientele. In 2007 cashbackforex.com became the second global rebate provider and surged in popularity. ‘FX Rebates’ shortly thereafter either went out of business or stopped offering forex rebates. From 2007 onwards cashbackforex.com and it’s affiliates have been the dominant and largest rebate provider and one of the largest introducing brokers globally.
Many competitors have come online since 2007, some good and some bad. We have continued to improve our services along the way to stay ahead of the pack.
Are there any other benefits to signing up for FXCM UK rebates?
It depends on the rebate provider. Due to our unique relationship with many brokers, we have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond to us, since we typically have many clients with them. Our knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. We also offer trading tools, calculators, reviews and a robust forex education section.
How are forex rebates paid?
Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:
Forex rebate options vary per broker:
Monthly cash back
Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in.
Spread or commission reduction
The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers.
Paid direct to brokerage account
Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers.
In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, Entropay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.
How much FXCM UK rebates can I earn?
Use our forex rebate calculator to estimate your FXCM UK rebate earnings:
FXCM Inc. (NASDAQ : FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide. As a vocal advocate of foreign exchange regulation and increased investor protection, FXCM Inc. has companies registered and regulated by many of the most respected regulatory bodies in the world. Forex Capital Markets Limited is regulated by the Financial Conduct Authority (FCA) in the UK. Additionally, FXCM is regulated in the United States, Germany, Italy, France, Australia, and Japan. At the heart of FXCMs client offering is No Dealing Desk forex trading. Clients benefit from FXCMs large network of forex liquidity providers enabling it to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts.
Forex Capital Markets Limited
Australia, Canada, Germany, France, Greece, Israel, Italy, United Kingdom