What is a Forex Rebate?
A rebate plan is a cash-back deal that can save you a great deal of money when trading the currency market. Rebate plans offer cash-back incentives based on trading volumes. For professional traders, a good Rebate plan is a “must” when they decide to open a new Forex account. A trading rebate is calculated on a full-traded lot basis ($/lot), and it is paid at the end of each month, or the beginning of the next. The total amount of each monthly rebate depends on: