Wealthy is not the one who earns much, but who spends little. This true is well known by traders, working at Forex market. Therefore, among numerous suggestions, promoted by native brokers, high demand falls on those that suggest low spreads and commission fees. These, similarly minor, expenses on making deals actually “eat” a lion’s share of your earning. Particularly, if your strategy is based on the principles of intraday trade, which presupposes effecting a big number of transactions and getting small profit from each of them.
How up-to-date partner programs may bring trader’s expenses to the minimum has been explained by a representative of Fxcash company Aleksandr Chernyshov in his interview to the “Market Leader”.
Two-Three Points May Almost Double Profit
Conditions of work at Forex market are no longer the same as they were several years ago – in the height of the global crisis. At that time any, even minor, piece of news could move quotations one hundred or more points to one side or another. Besides, such picture could be observed almost on a daily basis. These days traders, having work experience in those conditions, can only think of those times with nostalgia. Unfortunately, the market is much calmer, and strong movement may sometimes be expected for weeks. Has it become more stable? Probably, yes. But for a person who wants to get highest profits this is not the best point.
What is the difference? The matter is that when there is a perspective of making several tens of points at the opening of another session, you hardly pay any attention to the size of the spread. Today there sometimes arise situations when a trader’s real profit is slightly higher than a broker’s earning from effected transactions. Such ratio of earnings distribution has not been satisfactory to any party – even to many brokers. For it is evident that high expenses lower effectiveness of the business, and inefficient business prevents from attracting new clients.
The service of rebate has come to help; it is very similar to paying a “kick-back” when profit is received as a part of the company’s earning. According to Aleksandr Chernyshov, as soon as the new service has entered the market, some traders have increased their profits by even 80%. Serious extra, is it not?
There is no surprise that such attractive perspectives have enabled broker companies, participants of Fxcash partner program, to considerably increase their competitiveness at the market and attract more clients. Professional traders have certainly been the first to figure the benefits of the new service. However, it has also proved extremely useful for beginners, who are only learning to get profit from Forex trade.
As informed by Aleksandr Chernyshov, Rebate-service entered Russian market rather long ago – in 2006. However, at first it could only be used by twenty traders. The system of returning a part of spreads has been unknown to most market participants approximately till autumn 2008. Only at the beginning of 2009 there has started FxOtkat.ru project, which was gaining popularity very quickly.
According to Aleksandr, FxOtkat.ru has become the first Rebate-service Russian-language Internet, which has turned into an elite club of Forex market participants within rather short time. These days it is very easy to start cooperating with Fxcash on unique terms.
How does This Work?
As estimated by a Canadian financial expert Evgeny Olkhovski, Rebate-service in Fxcash does not simply allow saving up a big part of commission fees, charged by broker companies on traders’ deals. The main feature of the service is its unique character, for its analogues are hard to be found not only at Russian Forex market, but also in the West, where everything seems to have been invented and implemented long ago.
Theoretically, finding suggestions on return of a part of a spread is not very difficult. The question is what volume is returned and on what terms. Specialists highlight that many programs suggest not most profitable terms of rebate. The most widespread difference from Fxcash is considerable delay with payment of bonus, whereas the leader of Rebate-service holds this procedure instantly and automatically, but not some time at the end of the month when certain application forms are filled, etc.
Besides, Fxcash pays particular attention to choosing partners for Rebate-service. It cooperates only with the most reliable and credit worth brokers and dealing centers. At this point Fxcash service is available to clients of thirty broker companies that work at Russian Forex market.
For this purpose you are to enter a web-site FxCash.ru, register your account, and choose the company that you would like to open a trading account in. The procedure takes only several minutes, after which you get the opportunity to:
- choose a broker from the suggested list that would be characterized by 100% decency, exact fulfillment of orders and clear payment of profit, owing to the independent “live” rating of forex brokers ;
- get a return of about $35 from every closed lot;
- instantly, right after closing an order, get a return of up to 95% of spreads;
- instantly output money means into a variety of payment systems;
- get professional support from the company’s specialists, available online 24 hours a day.
As admitted by Evgeny Olkhovski, a characteristic feature of Rebate-service in Fxcash is the perfect reputation of the company, which has been created for the last four years of work at the native market. Client-centered business, based on clear guarantees, undertaken obligations, thoughtful approach to choosing partners among broker companies, and highest rates in Rebate-industry ought to, certainly, have positive influence on the business of experienced and beginning traders alike.
