Getting A Rebate On Your FAP Trades

The forex broker rebate program permits you to earn back a percentage of the spread you pay on each trade you make. Rebates can get as high as 0.7 pip or $7 which is of course quite substantial if you consider that typical market spreads for major currency pairs vary between 0.9 and 3 pips. Below is an example of how much you can get as a rebate on your trades.
To illustrate the point you are getting a 0.5 pip rebate on a trade for which you pay a market spread of 2 pip. This means that you lower your transaction costs by (0.5 / 2) * 100 = 25% ! This can significantly grow the bottom line of your forex trading account.
If you are trading 100 lots per month with a refund of $5, that equates to $500 per month or $6000 per year. This is money you would otherwise simply give to the broker and for which you have to do nothing at all. Those forex traders that use Metatrader EAs and trade a huge volume of trades can also benefit substantially from using trading rebates. Some robot traders can trade as many as 1000 trades a month. That really translates into a nice payment at the end of the month.
Typically a forex refund program implies an Introducing Broker, or referring broker receiving a commision from the broker, and then returning a percentage of their commission to the client. It really is a win-win situation where everybody gets paid. Getting a reimbursement for every trade you make makes logical sense. If you trade frequently you can simply a percentage of the spread from a growing number of forex brokers. The way I see it is it is better to have it in your pocket than the brokers, so why not? Sometimes there really is such a thing as a free ride.
If you are trading 100 lots per month with a refund of $5, that equates to $500 per month or $6000 per year. This is money you would otherwise simply give to the broker and for which you have to do nothing at all. Those forex traders that use Metatrader EAs and trade a huge volume of trades can also benefit substantially from using trading rebates. Some robot traders can trade as many as 1000 trades a month. That really translates into a nice payment at the end of the month.
There is a large, range of Forex brokers that partner in this program, so it is simple to find a reliable forex broker no matter what your trading methodology or account type. By selecting one of these brokers you have a basis for success in the Forex market. You will be trading at a top quality broker while you can keep your operating costs low by benefiting from a refund program.
A lot of forex traders are not knowledgable that there are companies offering a cash rebate on every lot traded. Granted the whole idea of getting a rebate is a fairly new concept and has in reality only begun to become popular in the last 1-2 years.