Cash Back Forex Trading
What is Forex rebates?
Forex Rebates are given to traders as an incentive to op en new accounts in a particular Forex Broker. Joining a Forex rebate plan means get cash back cash from trading Forex. A Forex Rebate is actually a program that works as a discount coupon on behalf of Forex Traders
Open an account, through this page, by clicking to example GlobeGain logo above! The account opening is only valid by clicking to the logo above.
5 Main Secrets of Choosing a Forex Broker
Your choice of a Forex broker is going to be crucial in your trading career, almost as much as the actual trading. Your broker will determine the quality of services you receive and therefore, your success. To help you make the best choice, here are some secrets to keep in mind.
Do not be swayed by attractive offers from Forex brokers
There are so many Forex brokers nowadays that they have had to introduce promotional offers in order to attract new clients. Some of these offers can be tempting, and it’s easy to find yourself signing up just to receive the bonuses.
The secret is not to be swayed by these offers, regardless of how attractive they may be. What matters more is that you look under the hood at other features of the broker. Remember, promotional offers only get you through the door, but it’s the other features of a broker that will keep you consistently profitable.
Listen to what others are saying about FX companies
You can never really know all of a broker’s services before you use all of their services. For example, you can’t know if the deposit and withdrawal services are fast until you make an actual deposit and withdrawal. However, you can’t go making deposits and signing up with every broker, so the only thing left is to hear other traders’ experiences.
Apart from learning the inner workings of the broker, other traders will also let you know how trustworthy a broker is from their own experiences. The best part is that it takes the risk away from your hands, allowing you to find only the truly great brokers.
Do an in-depth research on the Forex broker you found
If you’re looking at a particular broker’s services, you need to look into the subtle details of their operations. At the surface, you may find out about their spreads and other charges, leverage ratios, number of tradable instruments, etc. These are just some of the things every broker will advertise, perhaps even on their homepage.
Now, you need to look at other aspects which may not be advertised as much. Find out about the broker’s regulator. The license number should be provided by the broker on their website, and it should match to that on the Forex regulator’s website.
Then find out if they are an ECN, STP or market making broker. Market makers will not declare to be market makers, but you will see how they avoid mentioning being ECN brokers. This is because they may be penalized by the regulator if they advertise as ECN brokers when they aren’t. When you know how the broker processes trades, you can then decide if you are comfortable with that. You can always learn more about forex brokers information on BestEARobots.com website to understand all important differences.