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Volume rebates

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  • Post #21
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  • May 15, 2015 2:10pm May 15, 2015 2:10pm
  •  Dsgua
  • | Joined Mar 2015 | Status: Member | 10 Posts
Quoting shibboleth
Disliked
{quote} what i'm curious is ultimately the rebate must come from someone's pocket and that party (which should be the party that execute our trades) must have a greater benefit than the rebates given. The only source of revenue at the end of line, I can think of is the spread. More volume = more spread profit for them. Even though some of the big volume traders are profitable, the brokers can still earn because they have someone to take the opposite trade and they earn the spread
Ignored
Source of income of broker is spread (or commission). Part of this income, broker pays to the rebate service (such as FxCash.net) because rebate service attracts customers to the broker. In its turn rebate service to attract customers gives them (ie us) part of its income obtained from a broker.

Quoting leebsurag
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{quote} Collecting rebates is enough to cover spreads ??
Ignored
No, of course not. EA closes the trade only when the price overcomes the spread and the profit becomes positive. In fact, it would be possible to close the trades with zero profit, but it is better to close with positive profit, since in this case also gradually increasing sum at the account.

Quoting Tradingdude
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can someone explain how these systems work? I have seen many trading systems that use EA and profit from rebate, but many other systems are using EA and profiting also from trading, though i have no idea how.
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There is indeed a huge number of advisers based on different strategies. Of course, I can only speak about my own strategy. The idea of my strategy is simple.
EA opens first two orders - long and short. Assume that the price has gone up. When it will overcome the spread, and profit of order BUY becomes positive, EA will close it and open a new same. And so on. If the price will go down, everything will be exactly the same, but with orders SELL.
As you can see, the idea is really very simple. However, when I started to realize it, it turned out that there are a lot of different nuances. I will not talk about them, because it would take too much space. I can only say that I started working on EA five years ago. For four years EA makes a profit but I'm still improving it.

Quoting Tradingdude
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they open and then close the trade in one second or less, but they open big lots.
Ignored
It is not necessary to close a trade in a second. Some orders hang open for several days, weeks or even months. And to determine the volume of order lot, this is one of the main problems.

Quoting Tradingdude
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i will consider depositing and handing you the account if it is consistent.
Ignored
I'm always glad to mutually beneficial cooperation, so you are welcome.
First I want to tell the following.
1. The minimum amount that I take in management, is $ 3,000. However, I understand that it's hard to entrust the stranger such a sum, so I usually propose to start with a $ 300 or $ 400. During a month you will see how everything works. If you're satisfied, then we move on to the $ 3,000 or more.
2. All money at broker will only be on your accounts. I will fully manage these accounts, with one exception: I will not be able to withdraw money.
3. Your part will be 80% of total revenue, and my 20%.
If the above does not scare you, please email me at [email protected] and I will answer your possible questions, and tell you in detail what type of account you need to open.

Quoting shibboleth
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there are many brokers which give you rebates if you trade above a certain volume per month - the ones I know if you have to minimum trade a few hundred standard lots. The rebates increases if you churn thousands of standard lots. So theoretically if you have a system that only manage to break even, you can pocket the rebates. its not that easy to break even at high volume - remember if you hold overnight you might have to pay swap. Also the money is not much if you don't exceed thousand standard lots- even 1k standard lots is not that great amount...
Ignored
Dear shibboleth! I do not know why you think that it is imperative to operate with huge amounts of money.
I work with a rebate service FxCash.net and (mostly) with broker InstaForex. Payments come twice a day. There is no limit on the minimum trading volume per month. For example, two weeks ago I began to work with a new person. He wished to start with $ 600. He receives $ 2 to $ 9 per day. Certainly, EA does not trade neither thousands nor hundreds standard lots per day.
About swap: you're right. So I use only swap-free accounts (so-called "Islamic").
 
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  • Dunno67
  • Post #23
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  • Jun 30, 2017 4:22pm Jun 30, 2017 4:22pm
  •  GalShafat
  • | Joined Jul 2015 | Status: Member | 45 Posts
Quoting FerruFx
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{quote} Exactly.
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hi there
is there a toll on mt4 calculating rebates?
 
 
  • Post #24
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  • Jul 2, 2017 7:47pm Jul 2, 2017 7:47pm
  •  sfprofit
  • | Commercial Member | Joined Jan 2017 | 2 Posts
Quoting GalShafat
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{quote} hi there is there a toll on mt4 calculating rebates?
Ignored
There is no native tool for MT4, but most of the rebate platforms offer a online calculator to see how much money you receive when you trade X lots with broker Y.
 
 
  • Post #25
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  • Jun 27, 2020 1:54am Jun 27, 2020 1:54am
  •  adham77777
  • | Joined Jul 2014 | Status: Member | 12 Posts
Exness have a very good offer , it has a very profitable social traders your can refer friends they make profit and you get cashback they pay up to 17$ per lot and cashback is paid immediately here is the link of social trading offer https://social-trading.exness.com/a/pm8fdhuq
 
 
  • Post #26
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  • Aug 4, 2020 4:25am Aug 4, 2020 4:25am
  •  Peanuts
  • | Commercial Member | Joined Aug 2020 | 3 Posts
Quoting GalShafat
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{quote} hi there is there a toll on mt4 calculating rebates?
Ignored
I think every broker has a portal for you to log in and check how many lots are completed within that account and for the duration you're interested in. For mine, when I click on my commission it shows how many lots of FX, Metals or CFDs I've done, thus showing my total rebates.
 
 
  • Post #27
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  • Last Post: Aug 5, 2020 4:20am Aug 5, 2020 4:20am
  •  TaoJin88
  • | Joined Feb 2017 | Status: Member | 149 Posts
there are so many forex rebates providers, if you need one, I can suggest one to you, they send 90% of their incomes back
Forex, my love!
 
 
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