Your broker earns its wages by charging you a certain amount of pips between the bid and ask price

ASH BACK FOREX is a site I check on from time to time because so many of you are letting me know how well it works out for you, and now they are reaching an important milestone of 10,000 members. If you haven't heard about Cash Back Forex Rebates then you are literally throwing money away!



Forexforums.comYour Broker: Your broker earns its wages by charging you a certain amount of pips between the bid and ask price.



Rebate Company: Sometimes a company will offer to turn people on to that broker in return for a "cut" of that spread on each trade you make. The rebate company gives you a cut of the cut!



The Rebate: Earn a nice return up to an entire pip off the price of each trade you make. Sometimes its a percentage, but most of the time it will be a flat .2-1.0 pip rebate. I recommend FXDD for American traders since they are offering one of the highest rebates now, 0.7 pips per round lot traded. I made the following calculations based on this. But there's also FXCM UK, Instaforex, and a few other big brokers that you may already belong to and can easily sign up for rebates through CBF.



If you are enabling rebates on your account through this service, I can not guarantee how much you could make back from your trading, but they have a calculator that can give you a good estimate based on your current trading habits. For instance, being very conservative and trading 1 mini lot at 5 trades a day consistently earns you nearly $1000 this year. I trade full lots these days, 5-10 trades per day, so I'm even thinking about switching brokers to open myself to over $10,000 in rebates yearly!!! My current broker is not on this very big list of available rebate brokers.



Basically, even if you already have an account with a broker on their list, you can sign up through CBF to the broker so that CBF gives you a rebate for every trade you make, win, lose, or draw. What caught my attention is that they are nearing 10,000 registered users and almost 8,000 live accounts meaning almost 80% of people who sign up actually use it! Compared to our forum they are winning Forexforums.com But no matter, if you have not yet definitely sign up your existing or new broker account through the free Cash Back Forex program. This is all above board and legitimate too, maybe even a little known secret your broker doesn't want you to know, but whatever your concern, there's no need to worry about account closing, in fact it comes as a separate payment altogether through paypal or check.