Forex rebate service provider PayBackFX said on Tuesday it has partnered with yet another forex broker Solidary Markets FX, allowing the broker’s clients to benefit from its cashback system.
The total number of PayBack FX supported forex brokers has increased to 13.
Details about the conditions offered to Solidary Markets FX clients follow:
Traders receive different rebates depending on the broker and trading account they use. Traders receive fixed amounts in currencies, pips, or percentage of spreads or commissions. The service is accessible from desktop and mobile devices.
PayBackFX has been systematically including new entries to its supported brokers list. The rest of the brokers that take part in the PayBackFX rebate system are FXPrimus, IC Markets, ThinkForex, Fibo Group, Oanda Europe, Fidelis Capital Markets CyprusTickmill, TradeView Forex, MaxFX, Pepperstone, Sensus Capital, and AxiTrader
Traders who use the PayBackFX rebates system get rebates, or cash back, for each trade they make with any of the supported brokers, regardless whether their trade is a winning one or not. They can either connect an existing account with the PayBackFX system, or open a new one on www.paybackfx.com.
PayBackFX received from broker-partners a pre-determined commission from its broker partners for each order, part of which it later re-directs to traders, so that they have an incentive to use the service. Traders still use the same trading conditions their broker offers as they would even if they don’t use the cash back service.
PayBackFX started operations mid-February 2016. It is a project a project of UK forex analytical tools provider Myfxbook, a social forex community and an online automated analytical tool for forex trading that supports over 100 brokers and the trading platforms cTrader, MetaTrader 4 (MT4), MetaTrader 5 (MT5), fxTrade/fxTrade Practice, FXCM Trading Station and Strategy Trader.
Other forex rebate websites include CashBackForex.com, ForexCashbackRebate.com, www.forexbrokercashback.com, www.hftgroupfx.com, and www.fxrebategurus.com.