Spread rebates may be very lucrative and exciting for traders. The hint of something that traders can get for "free" by trading, can make heads spin and fingers 'trigger happy' (a.k.a. taking many trades). A spread rebate represents a great opportunity for each and every trader. To make the journey safer, a trader can employ several useful tactics and best practices to improve their success rate with Spread rebates – this article outlines them.
Why a Spread Rebate?
Many companies choose to endorse famous stars or teams, but others prefer to follow a more direct approach, a spread rebate for you - the loyal trader. In fact, by accepting the spread rebate offer, you are, to some extent, accepting a kind of marketing offer; very much similar to celebrities getting a sponsorship.
Brokers also offer spread rebates to traders as a method of improving the odds of their Forex traders' success. The longer a trader is active, the more commission a broker can earn. It is in their own interest to see traders not only survive but thrive. Why? It is a simple mathematical idea: the more capital a trader has, the bigger the lot size of the trades will be; and the larger the lots, the more commission can be made. This is a win-win situation and helps both brokers and traders alike. Simply put, brokers have a vested interest in a trader's success.
Forex rebates are a win-win situation for both the broker and the client. The broker receives its fair share of revenue, the affiliates earn their commissions, and the traders can recover a part of their trading costs.
Forex rebates are one of the compensational options that brokers can offer their faithful traders. Simply put, it's a simple commission sharing scheme between yourself and your broker. For example, if you trade 1 lot of EUR/USD with the spread of 3 pips, you end up paying a sum of 30 USD to the broker. While many brokers keep the funds for themselves, there are some brokers – like Admiral Markets, with this Christmas Comes Early campaign – that will give you a 100% rebate, as a part of their loyalty program. You will still be trading with the spread but, if you meet certain requirements, your spread costs will be returned to you.
Conditions for Getting a Spread Rebate with Admiral Markets
To receive the Christmas Comes Early with Admiral Markets spread rebate, you – the trader – should choose up to three of your favourite instruments on which you might be eligible to receive a 100% typical spread rebate – if all conditions are met and fulfilled.
Keep in mind that a typical spread represents the typical value of the floating spread in normal market conditions. For cash Indices the typical value of the spread is represented during trading hours of the underlying stock index, expressed in pips.
The instruments included in this spread rebate campaign, include:
AUD/USD - Australian Dollar vs. US Dollar
EUR/GBP - Euro vs. Great British Pound
EUR/JPY - Euro vs. Japanese Yen
EUR/USD - Euro vs. US Dollar
GBP/AUD - Great British Pound vs. Australian Dollar
GBP/JPY - Great British Pound vs. Japanese Yen
GBP/USD - Great British Pound vs. US Dollar
NZD/USD - New Zealand Dollar vs. US Dollar
USD/CAD - US Dollar vs. Canadian Dollar
USD/JPY - US Dollar vs. Japanese Yen
Cash Indices CFDs
[DAX30] - DAX30 Index CFD, cash (EUR)
[DJI30] - Dow Jones Index CFD, cash (USD)
GOLD - Gold Spot (100 oz) vs US Dollar CFD
BRENT - BRENT Crude Oil Spot (100 barrels) CFD, USD
WTI - WTI Crude Oil Spot (100 barrels) CFD, USD
In order to apply for the spread rebate you need to:
- Read the full details and apply on the campaign web page;
- Have an existing Trader's Room account, or sign up for one on the campaign web page;
- Deposit a minimum of 200 EUR into your Admiral.Marketsor Admiral.MT5 Live trading account, which is associated with the email address used to apply for the spread rebate;
- Make your deposit between 21 November and 22 December, 2017;
- Wait for Admiral Markets to contact you by email, confirming your eligibility to participate. This confirmation email will be sent to the address which you used to apply for the spread rebate.