There are internet sites providing you money back on your professions, this is a quote from one of those websites
Take a look on rebates forex
When you open a broker account via us, we earn a commission on your trades. Your spreads do not boost! We give you pay when you work through us. We regularly enhance our service to maintain the greatest money back rates, broker top quality, as well as refund quantity in the market. Please, compare our prices, service, modern technology, and experience to comparable solutions! We are here to help you.
For a service like this to work the broker would certainly give part of its benefits/profit to the Cash Back website, the Money Back web site would after that offer you part of this money, yet the above paragraph is not real, since the only means for them to get paid by the broker is to have your account open by means of the Cash money Back Web Site where you will be called for to call them as your IB Introducing Broker. IBs are paid by the broker raising the Spread anywhere from a half a pip to as high as 5 pips. Some brokers may divulge exactly just how much the spread rises yet a lot of have a stipulation on the account opening papers similar to this set from an agreement with Alpari.
This condition only applies when we provide our Introducing Brokers and Cash Managers the ability of raising the spreads which they subsequently provide their own customers. ‘Restriction’ and also ‘Stop’ orders can be made use of at any moment yet there are specific limitations relating to just how close they can be established from the existing market price. Minimum ‘Restriction’ and also ‘Stop’ order levels can be calculated by including the advertised levels on our web site to the extra spread charged by your IB or Cash Supervisor”.
For example, if you are rebate trading as well as your spread is widened by an added 3 pips in addition to the official spread after that the minimal limit quit order degree will certainly be back from the Cash money Back Internet Site.
For many investors a 3 pips raise in spread will cause a considerable variety of professions to hit the quit loss. The increase in losses will most likely balanced out any type of advantage you get from the money back refund.