What is rebate?
Rebate in its literal meaning is the cash back received from trading. In every trade, whether it’s a loss or a profit, you can always receive a rebate with no expiration date. To put it simply, it’s like cash back on a credit card where you accumulate points for discounts on various purchases. Rebate is like cash back on a credit card, where we earn points for purchases made with the credit card, which can then be used as discounts on various items.
Therefore, when we trade, we will receive a rebate as a cost for further trading or choose to withdraw the rebate for various uses. Here’s an example. If we have a Rebate and then end up losing in a trade, causing our portfolio to break (I think many of you have experienced this), we can use this Rebate to continue trading or withdraw the Rebate to use it.
How to receive a rebate
First of all, I want to say that regular trading cannot receive a rebate here because we only get a rebate when we open a trading account with a broker’s partner or an Introducing Broker (IB). The rebate money is what the IB gives back to the traders who come to trade. Each IB has different rebate rates.
It can be seen from the promotions on social media that there are cashbacks or rebates offered to traders who open accounts through the IB’s link. Not many people are familiar with receiving these rebates, but I can assure you that anyone who reads this article will definitely find it worthwhile.
Which brokers offer rebates? Rebate
Most leading brokers have IBs that provide rebate services, and we have partnered with three leading brokers.
XM is the most popular broker among Thai traders because it has been in operation for a long time, offers bonuses and promotions continuously, and is safe and reliable, receiving trust from various financial regulatory agencies.
Exness is a broker that stands out for its fast deposit and withdrawal services, reliability, and security backed by various regulatory bodies. Additionally, it has been in operation for a long time, which has led many Thai traders to choose it for their trading needs.
HFM is considered a broker with relatively low spreads, offering safety and reliability due to the oversight of various regulatory bodies. Additionally, it continuously provides promotions and bonuses to customers, which has led many traders to choose HFM for their trading needs.
How to calculate Rebate
By opening an account through the IB link, the rebate rates will vary based on different factors such as Account type, currency pairs traded, and lot size. For example, the rebate rates at XM broker can go up to $12.5/Lot for exotic currency pairs or $7.5/Lot for popular pairs like gold. Even traders interested in Bitcoin trading can receive a rebate of up to $7/Lot.
As for the Rebate money from each broker, it will be automatically transferred to the trading account according to the date and time set by the broker. Receiving the Rebate is this simple. If anyone is still opening an account and trading directly with the broker, you need to reconsider quickly because we have already missed the most valuable opportunity. However, it is not too late to look back at the value you can receive with the broker’s IB. By trading through an account opened from the IB’s link, you can open an account to receive Rebate through Forex Refund.
