Many first time visitors to our website are either skeptical, or are already convinced of our incredible benefits through exposure to the thousands of traders currently using our service. We hope to educate both types by providing robust and helpful information about how forex rebates can help you earn extra cash, while dispelling the common concerns inherent when dealing with a new and unfamiliar system.
What we do
Our service pays you cash for each trade you place at many industry leading currency trading (or FOREX, short for foreign exchange) brokers. The spreads and trading conditions at the brokers we represent are never adversely affected by opening an account through us. This would be counterintuitive to a trader's best interest and thus, our business model. Cash rebates are paid on a monthly basis and can amount to very substantial savings, always increasing a trader's bottom line and often even making the difference between profit and loss. We work with a large selection of the industry's most popular brokerage firms who offer tradable instruments such as currencies, commodities, CFD's, stocks, indices, and more. Our friendly and knowledgeable support staff is available to assist with questions or problems most hours of the day via live chat, telephone, and email. As one of the largest introducing firms in the industry, we have also effectively liaised with brokers to resolve disputes on behalf of our clients.
How it works
You may be wondering, how can we pay you for each trade you place without somehow adversely affecting trading conditions? It is a great question, and the answer is simple. We are paid a commission from the marketing budget of the brokerage firms we represent for each trade placed by a client we introduce to them, or who otherwise engages us as their 'referring broker'. We in turn keep only a portion of the commission and pass much of it onto our client. Our clients get the same spreads and conditions as if they had opened an account directly with the broker, the only difference is a client that goes through us gets a cash commission for every trade placed on their account. Our service is one of the most effective broker marketing tools on the entire web, so the brokers we represent are happy to pay us a volume based commission for the opportunity to appear on our website and gain clients.
Who we are
CashBackForex was founded in January 2008 and has since become the premier hub for traders shopping for forex brokers and products. Our accurate and timely cash rebate payments, extensive user control panel and rebate tracking system, industry leading rebate rates, selective broker relationships, fast and friendly customer support, and compelling affiliate referral system have earned us an impeccable reputation among traders, reflected at blogs across the web and review sites like the niche leader at ForexPeaceArmy. As the highest or one of the highest volume introducers (a firm that introduces new accounts to brokers) in the industry and by far the largest provider of cash rebates, CashBackForex has opened 15,042 broker accounts among 17,043 registered users, averaging 23 new broker accounts opened per day in the last 30 days, and a total of 714 opened in the last 30 days as of today, May 19, 2011. CashBackForex employs a sophisticated and proprietary algorithm to calculate rebates across many different brokerage reporting formats. CashBackForex receives very high web traffic and currently ranks number one across all popular search engines for primary niche terms like 'forex rebates'.
How do i start earning cash rebates?
To start earning rebates, register a free CashBackForex account.
After registering, view the broker comparison table or any other broker listing page on our site, and click on the broker you either want to open a trading account with or already have an account with.
If you are opening a new account follow the new account instructions, if you have an existing account you should follow the existing accounts instructions if they are present. If they are not present please contact our support staff for further instructions.
Once logged in, go to the payment information page and complete the form to let us know how to pay you.
You will receive a cash distribution for your earnings at least once per month, for more detailed information please see the payments faq.
* The rebate process varies by broker and depends on whether you have an existing account or will open a new account. Some processes are very easy while others require slightly more action such as closing all trades, etc. Fortunately, the small amount of effort is worthwhile because you only have to complete the rebate process once and you will then earn cash on each trade for the entire remainder of the life of the account.
How much will I earn?
Some traders earn many thousands of dollars per month, some earn far less. Your earnings will depend on 3 things:
The rebate rate at the broker you choose
The pairs you trade
The volume you trade on each pair
To estimate or calculate your rebates, please see our rebate calculation faq.
When and how will I receive my payment?
Rebates are paid on a monthly basis no later than the 25th of the month following the month commissions were earned in. The actual payment date varies based on the broker(s) and payment method you choose, please see the payments faq for more detailed information.
How to choose a broker
Sifting through all the information to find the right broker can become a consuming chore. While we do not publicly endorse any broker, we are selective in who we work with and their presence in our service typically reflects either our approval, consumer demand, or both. The cash rebate paid by choosing a specific broker is a legitimate criteria in selecting a broker, but it should only complement your primary criteria rather than be a determining factor. Different things are important to each trader based on his or her trading style, account size, location, etc. Some common criteria traders often pay attention to includes spreads and other potential transaction costs such as commission, regulatory environment or lack thereof, minimum trade size and initial deposit to open an account, reputation and user reviews, execution quality, reliability and uptime, maximum leverage available, etc. You can view and analyze this data for each broker on our broker comparison table, and by clicking on each broker individually for additional information. If you feel you need assistance selecting a broker, please do not hesitate to contact us, we are here to help.
How can I build a residual income stream by referring others to your website?
Many of our clients have built amazing residual income streams by referring other traders to us. All you need to do is refer other traders to our website using your unique affiliate link. When a trader you referred to us earns cash back, so do you, and if they refer friends who then refer friends you get paid on all those people's commissions as well! Once you are logged in, just look in your 'My Account' tab or at the top of any page for your affiliate link. For more details about our affiliate referral program please click here. www.cashbackforex.com
No comments:
Post a Comment