Forex rebate-service is a refund the spread
Rebate or refund of the spread is a popular service provided by various online resources and brokers. Let's look at the example of our rebate service and how the spread is returned. A trader chooses the broker and opens a trading account on our website GoVPSFX. As soon as traders start trading, the broker charges us a partner fee (the part of the spread), it does not matter the transaction was closed with a profit or loss. We pay the trader 90% of the partner fee and keep 10%. For example, a trader opened a trading account with one of the brokers using our partner link (partner code) and made transactions of 10 standard lots for the EURUSD pair during the week. According to the terms of the partner program the broker paid us $150, $135 we paid to the trader's trading account or to one of his e-wallets. Thus, the trader received an additional income of $135 in a day without making any extra effort.