The Monetary Value of Forex Cash Back

Do not believe anyone who tells you that forex cash back is not worth claiming. These commissions could end up earning you quite a lot of money in the long run. Forex cash back is paid to affiliates who refer forex traders to certain forex websites depending on the level of activity of their clients’ accounts. If you are a forex trader who trades in numerous lots each day, you could end up earning yourself hundreds or thousands of extra dollars each month.

Currencies are traded in lots of 100,000 commonly known as pips and most brokers will pay between $4 and $8 for each traded lot. If you trade in 10 lots each day and multiply this by approximately 20 working days a month, this translates to 200 lots. If the affiliate who referred you pays $3 per lot, this translates to $600 a month. That is quite a lot of money. You also need to be aware that a trader does not have to pay any money in order to be liable for these commissions. Registering with a forex broker as a member qualifies one to claim them.

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