ForexTime / FXTM rebates are a portion of the transaction cost that is paid back to the client on each trade. It results in a lower spread and improved win ratio. Forex rebates are easily setup in a few simple steps:
Signup to receive forex rebates
Link your ForexTime / FXTM trading account
Earn cash back on every trade
How do ForexTime / FXTM rebates work?
When you link a new or existing forex trading account to us the broker 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.
Unlike some of our competitors your spreads will never increase as a result of using our service! 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. Founded in 2008, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
Are ForexTime / FXTM Rebates a scam; do my spreads increase?
ForexTime / FXTM 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 ForexTime / FXTM 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 ForexTime / FXTM 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 ForexTime / FXTM rebates can I earn?
Use our forex rebate calculator to estimate your ForexTime / FXTM rebate earnings:
Forex Time (FXTM) is an international online forex broker. The company, which is headquartered in Limassol, Cyprus, is regulated by the Cyprus Securities and Exchange Commission (CySEC) and in accordance with Law 144(I)/2007 is also a member of the Investor Compensation Fund (ICF). FXTM provides services to a wide range of different customer types including retail, business to business, institutional investors, portfolio management, introducers and in the near future, affiliates. FXTM customers can take advantage of a diverse range of products, since the company offers trading not only in forex (with over 60 currency pairs available), but also in precious metals, share CFDs, ETF CFDs and CFDs on Commodity Futures; platforms: MetaTrader 4 / MetaTrader 5, Mobile and Tablet Apps and Trading signals on MetaTrader 4 / MetaTrader 5; Trading signals on MetaTrader 4 / MetaTrader 5 and accounts, tailored to the individual needs of their clients. FXTM offers multilingual customer support which recognizes the individual needs of each customer and strives to be always available, prompt and coming up with the right solution to any problem.