Looking for the number one forex cash backprogram? In that case continue reading as I recently had to go through the same process and want to discuss what I uncovered with you. If you are looking at this post then you're most likely having to pay far too much commission on your currency trades as I was up to now. I used to pay thousands per month in trading commissions, these days I am able to pocket these cost savings and create additional money trading.
When I learned about forex rebate programs I spoke to my ex-broker (who I won't name) who said they didn't offer forex rebates or commission discounts. I'm glad they said no as I've since learnt about the many types of forex brokers which exist today. When I first started trading forex back in 2006 I didn't have this variety and I've only changed brokers a few times.
I began searching the online world to find the best forex rebate program. I figured finding the best rebate offer would be easy but many of the forex rebate providers didn't offer good deals with the brokers I was interested in. It appeared as if the worst forex brokers with the widest spreads got preferential treatment, I imagine this is because they paid the forex cash back provider a greater commission. The offers with ECN brokers were minimal and the commission were not as desirable as I was hoping.
By pure luck I managed to stumble upon a few great ECN brokers on the forex rebate websites, one of these was IC Markets. I opted in for a trial with IC Markets to try out their spreads, trading commissions and product range. They had the tightest spreads by a long shot plus their commissions were reasonable and so I started searching the internet to get the best forex rebate program for IC Markets.
I managed to locate a exclusive forex cash back web site only for IC Markets. I found myself very shocked since this was different to the kickback companies I had encountered earlier. They made available a commission discount as well as a end of month refund option, I choose the commission discount since I'm a intraday trader and prefer lessened trading fees. With the commission discount I am now charged $5.5 for each round turn standard lot, without having this special it is usually seven dollars.
When I learned about forex rebate programs I spoke to my ex-broker (who I won't name) who said they didn't offer forex rebates or commission discounts. I'm glad they said no as I've since learnt about the many types of forex brokers which exist today. When I first started trading forex back in 2006 I didn't have this variety and I've only changed brokers a few times.
I began searching the online world to find the best forex rebate program. I figured finding the best rebate offer would be easy but many of the forex rebate providers didn't offer good deals with the brokers I was interested in. It appeared as if the worst forex brokers with the widest spreads got preferential treatment, I imagine this is because they paid the forex cash back provider a greater commission. The offers with ECN brokers were minimal and the commission were not as desirable as I was hoping.
By pure luck I managed to stumble upon a few great ECN brokers on the forex rebate websites, one of these was IC Markets. I opted in for a trial with IC Markets to try out their spreads, trading commissions and product range. They had the tightest spreads by a long shot plus their commissions were reasonable and so I started searching the internet to get the best forex rebate program for IC Markets.
I managed to locate a exclusive forex cash back web site only for IC Markets. I found myself very shocked since this was different to the kickback companies I had encountered earlier. They made available a commission discount as well as a end of month refund option, I choose the commission discount since I'm a intraday trader and prefer lessened trading fees. With the commission discount I am now charged $5.5 for each round turn standard lot, without having this special it is usually seven dollars.
About the Author:
I'm delighted I found IC Markets, their commission discount along with the IC Markets True ECN account would have to be the best forex rebate program on the web.
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