Offering comfortable and beneficial trading conditions is a trivial thing in today’s Forex brokerage industry. The thing is that over the last few decades, the industry has grown into a true giant with extremely tough internal competition. With that said, there are hundreds of Forex companies out there today offering their services. However, today’s traders have become pretty sophisticated and demand truly partnership relations with the broker. Just giving access to the Forex market is obviously not enough today for a broker to flourish in the long run.
Truly successful Forex brokers are in constant development. They constantly come up with revolutionary ideas and innovative solutions capable of giving the trader a certain competitive edge over the rest.
There are many ways of letting Forex traders enhance their performance. Giving back a certain share of the spread is one of the most popular ways of letting traders cut down on their expenses, which is equal to gaining more money. They say saving is earning. In the Forex industry, this is called rebates.
When it comes to rebates, there are few Forex brokers that can actually offer rebates on beneficial terms and conditions. Arsenal-FX is one of such Forex companies. By the way, this is an official partner of Chicago Mercantile Exchange. The thing is that Arsenal-FX launched the rebates services not so long ago. However, since the very start, the service has become very popular among the company’s clients, brining thousands of successful traders even more money…
Forex Rebates by Arsenal-FX
For starters, any Arsenal-FX client can actually make use of the rebate program provided that he/she has an active live account. When it comes to rebates, it doesn’t matter what type of live account you have or how small or big your equity is. The only thing that matters is the overall turnover generated over a certain period of time.
As you know, Forex brokers charge their clients with spreads each time they open / close a trade. Even though these spreads have seen the tendency to shrink over the last few years, they still make the lion’s share of the trader’s expenses. With that in mind, rebates have become an important part of boosting the trader’s overall financial performance. When it comes to very active traders (scalpers etc.) The mentioned rebates can sometimes even exceed the overall profit gained from trading activity!
That is why it is crucial to go with a reputable broker offering rebates on beneficial terms and conditions. When it comes to the rebate service by Arsenal-FX, you can open any live account - ECN-Connect, STP NDD or Standard - to cut on progressive rebates according to the turnover generated each month. If you have generated under 2000 standard lots, you are paid $1 per lot generated. If this is 2K - 10K lots, you receive $2 per lot. If your monthly turnover exceeds 10K, you are lucky to get paid $3 per lot.
If this is Cent NDD, you get paid from 0,1 to 1 cent. When it comes to binary options, you receive $5 per lot but only out-of-the-money options will count.
