What is FOREX?
FOREX (Foreign Exchange) is an Interbank system of exchanging foreign currencies at an agreed rate. The Forex market began in it's current form in the 1970's when the world's monetary system moved from fixed to floating rates of exchange. Forex is a little different to other markets such as Stocks or securities in that the vast majority of the trading happens at computer terminals between banks rather than on a traditional market floor. Another huge difference between Forex and other markets is the huge trading volume. Every day, between 1-3 Trillion dollars is traded in the worldwide Forex market. The worldwide Securities market is estimated at just 300 billion dollars daily. There is yet another difference between Forex and other markets. Trading Stocks and Securities is suspended at the end of each day. Forex can be traded 24 hours a day, 5 days a week (Mon-Fri). The lack of a central trading floor allows the Forex market to remain open across timezones.
What is a rebate?
A rebate is a part of the spread or commission that you pay to your broker that we give back to you each month.
Where does the rebate come from?
The rebate itself comes from the spread or commission you pay to your broker on each trade. As a Referring Broker we collect a portion of that spread for bringing you to the broker or keeping you with them. This is how Referring Brokers get paid, and we simply share part of that spread with you the trader.
How much do I need to start?
There is no minimum to start or stay with the program. However each broker has an initial deposit amount that is required to open an account. This amount varies from broker to broker.
How much leverage is available to me?
Most brokers have different leverage's available to the Forex Trader. Usually 100:1 is used but other leverage ratio's are used as well like 200:1 and even 500:1. Each broker is slightly different, but they all have more than one leverage option for the trader.
Why do I have to go through you to get a rebate?
As Referring Broker we have established relationships that allow us to collect a portion of the spread on every trade that you make. This allows us to give you a rebate, which many other referring brokers do not offer.
Does it matter which currency pairs I trade?
No. It does not matter which currency pairs you decide to trade. We will pay you fixed sum per round turn (buy and sell). Standard Lot (1 Lot = $10k) that you trade regardless of the pair.
If I am already profitable from trading why do I need a rebate?
Regardless of whether you are a new or experienced trader profitable or not you should be receiving a rebate on your account. This is money you are going to pay out per trade in any case. Doesn't it make sense to get some of that back at no cost to you?
Can you rebate a micro or mini account?
Yes, we do rebate all accounts however the rebates are proportionate to the size of the lot traded.
Where is InstaRebate located?
InstaRebate is a division of InstaForex Company, which is located in BVI (The British Virgin Islands).
What if my trade loses do I still get rebated?
Yes. Even in a losing trade you have still purchased and sold a lot of some size and therefore will be rebated accordingly. It is the overall volume traded, not the amount of winning or losing trades that is relevant to rebates.
What services if any do you offer other than rebates?
InstaForex company has many other offers than just our rebates program. To find out more contact us directly and we will be glad to assist you in any way possible.
If I want a bank transfer, is there a minimum amount?
There is no minimum amount however, you the trader will be responsible for any cost involved that will make the wire possible. There are also several other methods available for you that can reduce the cost of receiving your money. Check, money order, and PayPal are not as costly in most instances as wire transfer.
What's the catch?
There is no catch. The plan is simple: trade and receive rebates for trading without any cost to you. We can assist you in setting up your account, provide you valuable insight, and give you an added feeling of comfort knowing we are only a phone call away ready to address your every need.
What if I have other questions?
We are always here to assist you with whatever questions you may have. Please feel free to contact our friendly & courteous staff whose insight and knowledge of the forex market can be a great advantage to any Forex Trader beginner or expert.
