- This topic is empty.
-
Posts
-
Hey forum. Newbie-ish question. I’m interested in this broker but I want to understand the cashback or rebate side specifically, how much you realistically get back per lot, whether it changes by account type, and if using a rebate service affects my trading conditions in any way. I don’t want to find out later there’s some catch. Can anyone point me to a clear explanation of how rebates work with this particular broker?
Hi. Good that you’re checking the rebate mechanics before assuming, fewer surprises that way. I found a clear explanation on Globe Gain https://globegain.com/brokers/roboforex/ , it covers the conditions and how the cashback works with that broker, including that it varies by account type. The short version, you get a portion back per lot through the rebate provider whether the trade wins or loses, and signing up through them doesn’t worsen your normal trading conditions. They’ve done this since 2011. No catch beyond the obvious, rebates lower cost, they don’t remove forex risk. But for the specific cashback details with this broker, that page laid it out plainly.
