Thread: Best forex broker - How to get monthly cashback from forex trading

Best forex broker, in other words a broker that uses that metatrader platform for trading make money on spreads and commissions. When your turnover is very large, your broker make a lot of money from your trading. Is there a way to get a discount or cashback on all this money your best forex broker is making from your trading?

Actually it is! Consider the following calculation example:

Assume that you open an account with FXCM which is one of the most reputable best forex broker, which offers 0.6 pip discount per round trip lot traded. One pip equals about $10 on average if you trade EURUSD, EURCHF and EURGBP. Lets say that you deposit $2000 on the account. Our estimate is that you will turn over about 10-15 Lots per $1000 per month on your account when using FAPTurbo and Megadroid. Assume that your turnover is 24 lots per month on your $2000 account.

Your monthly cashback during the first month would then be:

0.6 x 10 x 24 = USD 144

Your annual ROI would then be (144x12/2000) about 86% per year.

This is a very conservative figure since it does not take any compounding at all into regard and assumes zero growth from expert advisors. Assuming a monthly growth rate of 20% you could make $4500 per year from this program only.

It is 100% free to sign up and your spreads or commission remains the same after joining this program so there is really no reason why not to join. It is simply just money waiting to be collected by you!

FXCM is not the only of the best forex broker that is connected to Cashback Forex. You can also claim a cashback from the following brokers: Alpari UK, Avafx, Dukascopy, Etoro, FXCBS, FXCM, FXDD, Fxopen, Fx Pro, GallantFX, Go Markets, Liteforex, Marketiva, Tadawul FX, X Forex

If you are a forex trader, sign up for this program today and start to take advantage of the cashback system and get some money back from the best forex broker.

Hi Douglas Smith,

I think according to my experience the best forex cashback is F1cashback.com and cashbackforex. com .
F1Cashback have started to offer a Sciphone i9 mobile to its customers. I have already received one. It is a nice mobile which costs about $ 200 on the market, but it is not my dream Mobile "iPhone". Anyway it´s a lookalike Iphone and has a large touch screen and is pretty smooth with space for two SIM cards and best of all it's free.

Originally Posted by zarabud

Hi Douglas Smith,

Many forex cashback companies offer cash back program and type "10 pip rebate per round turn lot traded" I wonder what that means.
I have today F1cashback.com and there for I $ 3 / lot and it is lätare to count how much I can get at the end of the month. For example, in January, I have acted 133 lot EUR / USD and then received 133x 3 = $ 399.

dont think 10 pip rebate per round turn lot makes much sense. since their spread is probably a max for 2-3 pips??

maybe $10 per round lot? taht would be 1pip

Anyone who wants to trade currencies in the Forex market is going to need their online software that allows them to trade the actual markets through an automated broker, as well as have all the graphs, charts, and tools at their disposal. MetaTrader (MT4) 4 is one very popular such Forex trading platform, and this particular one is very well known for the large number of free downloadable charting patterns and indicators that give traders a wide variety of options when it comes to choosing what technical trading signals to follow or watch out for.

Indicators stand for the charting patterns that traders look for in order to try and predict a future trend. There are many different chart patterns that can potentially give some hints as to where the future market movements will be. When looking at currency markets, which are the most volatile of all due to sheer volume and even second by second movement in prices, many successful traders strongly believe it is important to have several different indicators to either confirm a potential market movement based on current charts, or to contradict one another and help give a trader a better idea of when to sit out until a better signal comes along.

Trading the Forex on MetaTrader 4 makes a lot of sense because of the many free indicator programs that can be added to this platform. Trying to trade currencies with only one indicator or technical symbol is a quick way to become broke. Being able to load multiple technical patterns on the same graph allows a trader to get an excellent look at whether only one particular pattern is suggesting an upward or downward trend, or if there are several different indicators suggesting the same thing.