FxOpen Rebates | We Beat all offers

FxOpen Rebates | We Beat all offers

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User Rating
Cash Back Rates
Cash back rebates are paid per closed position unless otherwise specified. 1 Lot = 100,000 base currency units traded.

  STP ECN PAMM STP PAMM ECN Crypto
Forex0.23 Pips20% Of Commissions Paid0.23 Pips20% Of Commissions Paid
CryptocurrenciesNone20% Of Commissions Paid
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  STP
Forex 0.23 Pips
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  ECN
Forex 20% Of Commissions Paid
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  PAMM STP
Forex 0.23 Pips
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  PAMM ECN
Forex 20% Of Commissions Paid
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  Crypto
Forex 20% Of Commissions Paid
Cryptocurrencies 20% Of Commissions Paid
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
*Notes
PAMM STP Accounts: Manager and investor receive rebates proportionate to the amount invested.

Maximum rebates payable per client: $66.66 per order; $666.66 per day; $6666.66 total.

Rebates are not paid on Micro accounts.
Promotions
No promotions available at the moment
Regulators

What are FxOpen rebates?

FxOpen rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do FxOpen 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 2007, 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.

How much FxOpen rebates can I earn?

Use our forex rebate calculator to estimate your FxOpen rebate earnings:

Pips
USD
Lots
1
0.1
0.01
Trades
Cashback
Pips
$700.00

Are FxOpen Rebates a scam; do my spreads increase?

FxOpen 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 FxOpen 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 FxOpen 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.

Profile
FxOpen
FXOpen launched its brokerage services in 2005 in order to satisfy the need for fair and transparent trading conditions with an excellent customer support. Headquartered in Saint Kitts and Nevis, FXOpen Markets Limited duly registered in Nevis under the company No. C 42235 and is a member of The Financial Commission. FXOpen was the first Forex broker to offer its clients ECN trading via the Meta Trader 4 terminal. And with FXOpens unique proprietary price aggregating technology clients can benefit from the industrys most competitive spreads and low trading commissions.
Company Name FXOpen Markets Limited
Year Founded 2005
Headquarters Saint Kitts and Nevis
Office Locations Australia, Saint Kitts and Nevis, New Zealand, Russian Federation, United Kingdom
Account Currency AUD, CHF, EUR, GBP, GLD, JPY, RUB, SGD, USD, BTC, LTC, ETH, DSH
Client funds bank ALFA-BANK
Support Languages Arabic, Chinese, English, French, German, Indonesian, Portuguese, Russian, Spanish, Thai, Turkish, Farsi
Funding Methods Bank Wire, Bitcoin, China Union Pay, FasaPay, IntellectMoney, Litecoin, Neteller, PayZa, Perfect Money, QIWI Wallet, RBK Money, Skrill (Moneybookers), Yandex, Webmoney, ePayments, SorexPay
Financial Instruments Forex, Indices, Oil/Energies, Cryptocurrencies
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
Account types

  STP ECN PAMM STP PAMM ECN Crypto
CommissionNoneFrom 1.5 to 5 units for ECN AccountsNoneFrom 1.5 to 5 units for ECN Accounts 0.5% of the base currency Per Lot;
Maximum leverage500:1100:13:1
Typical Spread1 - 1.20.0-0.41 - 1.20.0 - 0.40.0
Mobile PlatformMT4 Mobile, MT5 MobileNoneMT4 Mobile
Trading PlatformMT4, MT5, WebTraderNoneMT4
Spread TypeVariable Spread
Minimum Deposit101000200100010
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  STP
Maximum leverage 500:1
Typical Spread 1 - 1.2
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 10
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  ECN
Commission From 1.5 to 5 units for ECN Accounts
Maximum leverage 500:1
Typical Spread 0.0-0.4
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 1000
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  PAMM STP
Maximum leverage 100:1
Typical Spread 1 - 1.2
Spread type Variable Spread
Minimum deposit 200
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  PAMM ECN
Commission From 1.5 to 5 units for ECN Accounts
Maximum leverage 100:1
Typical Spread 0.0 - 0.4
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 1000
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Crypto
Commission 0.5% of the base currency Per Lot;
Maximum leverage 3:1
Typical Spread 0.0
Trading platform MT4
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 10
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
Overall rating is an average of ratings from experts in 4 categories
Pricing
5 / 5
Regulation
5 / 5
Popularity
4.5 / 5
User rating
4.5 / 5
Source: fxverify.com > fxopen