How to Get a Discount From Your Forex Broker

[Scottfx99]

Trading the forex markets with Expert Advisors can be very profitable. There is a way to make even more money. If you trade large volumes using Expert Advisors and these only made a very small profit, just about to cover the cost of the spread, you can still make plenty of money. In this article we will explain how. Brokers make money on spreads and commissions. When your turnover is very large, your broker make a lot of money from your trading. Is there a way to get a discount on all this money your broker is making from your trading? Well, actually there is; Cashback Forex offers an excellent kickback program where you as a trader can claim back some of the money they are making on you.

Lets take a look at the following example: Assume that you open an account with FXCM which is one of the most reputable forex brokers, which offers 0.6 pip discount per roundtrip lot traded. One pip equals about $10 on average if you trade EURUSD, EURCHF and EURGBP. Lets say that you deposit $2000 on the account. Our estimate is that you will turn over about 10-15 Lots per $1000 per month on your account when using FAPTurbo and Megadroid. Assume that your turnover is 24 lots per month on your $2000 account.

Your monthly discount during the first month would then be: 0.6 x 10 x 24 = USD 144 Your annual ROI would then be (144x12/2000) about 86% per year.

This is a very conservative figure since it does not take any compounding at all into regard and assumes zero growth from expert advisors. Assuming a monthly growth rate of 20% you could make $4500 per year from this program only. It is 100% free to sign up and your spreads or commission remains the same after joining this program so there is really no reason why not to join. It is simply just money waiting to be collected by you!

FXCM is not the only broker connected to Cashback Forex. You can also claim a discount from the following brokers: eToro, Gallant FX, Dukascopy, PFG Best, Marketiva, Liteforex, Alpari UK,Fxopen, Avafx, Alpari US and Tadwul FX.