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JoZo- CasBackForex

Discussion in 'Beginners Bootcamp' started by insight, Nov 13, 2008.

  1. insight

    insight Recruit

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    Hi,
    Does anyone know about cashbackforex ,as they claim to pay you a percentage back on the trades you make on a monthly basis ?

    Thanks
    JoZo
     
  2. Pharaoh

    Pharaoh Colonel

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    It's just spread rebates. Brokers pad the spread enough so that an IB can get a cut for bringing in clients. In this case, the IB is offering some of that cut back to you.

    If you are already planning to open an account with a broker, then it can save you a little bit of money to find one of these rebate programs. There are several out there and each one has its own set of brokers for you to chose from.
     

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