RoboForex offers cashback service with rebates up to 10%
RoboForex has introduced a new cashback (rebate) service aimed at rewarding traders for their activity.
The service offers a rebate of up to 10%, a move that is expected to appeal to both retail and institutional traders looking to reduce trading costs and enhance profitability.
Rebate structure based on trading volume
The RoboForex cashback (rebate) service is designed to reward traders according to their trading volume. Depending on the type of account and the volume of trades, traders can receive rebates at varying rates. For example, traders with a Pro account will be offered fixed rebates, while ECN and Prime accounts will receive rebates based on the percentage of commission, ranging from 5% for 1,000-3,000 lots to 10% for trading volumes exceeding 3,000 lots.
This flexible structure provides traders with an opportunity to benefit from their trading activity, regardless of account type. This rebate system is also designed to incentivize higher trading volumes and ensure more frequent activity on the platform.
Participation requirements and benefits
To participate in the rebate program, users need to open a live trading account with RoboForex, and then trade on the platform’s eligible instruments. The rebate is automatically calculated and credited to the trader's account based on their monthly trading volume. The service is available across various account types, including Pro, ProCent, ECN, and Prime accounts.
For ProCent accounts, the rebates are calculated on a fixed rebate payout, while for ECN and Prime accounts, traders will earn a percentage-based rebate depending on their trading volume. This structure offers flexibility for traders with different trading strategies and volumes.
The growing popularity of cashback programs
Rebate services have become increasingly common in the financial services industry, with many platforms offering similar rewards in a bid to attract and retain clients.
RoboForex's decision to introduce such a program aligns with a growing trend in the industry, where platforms aim to lower trading costs and reward active clients.
As previously covered, RoboForex targets beginner traders with $30 welcome bonus program.
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