Rebates Bonus
Forex rebates enable traders to earn extra money from their trading irrespective of whether they close a position in a profit or loss. The cashback program can be made available by either the broker or a third-party provider that is linked to a trader's forex trading account.
Continue Reading at Rebate or Deposit Bonus, Which One is Better?
A rebate, also known as cash back, is another common bonus type offered by forex brokers. The most distinctive aspect of this type is that instead of relying on deposits, rebate programs rely on the trader's trading volume.
Continue Reading at What Are the Most Popular Forex Bonus Promotions?
Why is a deposit bonus better than a rebate?
A deposit bonus is much better because rebates are not of great use to traders. While rebates may look appealing, most times, they are merely proportional compensation for the expenses incurred when trading.
Usually, the size of a rebate tends to be small which means trading with a broker that provides rebates allows the trader to essentially save just a small part of his/her funds.
On the other hand, a deposit bonus provides a much more significant benefit with deposit bonus offers ranging from 10% to larger figures of up to 100%, although with deposit bonuses, traders also have to be careful because bigger is not always better.
Continue Reading at Rebate or Deposit Bonus, Which One is Better?