Forex rebates website PayBackFX said on Tuesday it has partnered with forex broker Atlas Capital FX (ACFX) and has started offering rebates to its clients. As a result of the new addition, PayBackFX’ supported brokers list grows to 18 entries.
PayBackFX will offer up to $15-$48.75 per a round-turn lot to clients of ACFX, depending on the trading instruments and conditions they choose. Following are details about the rebates:
PayBackFX offers rebates, or cash back, to traders for each trade they make with any of its partner brokers. Investors receive cash for each trade, regardless whether it is a winning one or not. The service provider receives a pre-determined commission from broker-partners, part of which it later re-directs to traders, so that they have an incentive to use the service. The amounts received differ, depending on their choice of broker, trading account and instrument. The rebates currently range from fixed amounts in currencies, to pips, to percentage of spreads or commissions.
PayBackFX allows traders to take part in the rebate program either if they connect an existing account with a broker-partner or if they open a new one via www.paybackfx.com. Traders still use the same trading conditions their broker offers as they would even if they don’t use the cash back service.
The PayBackFX rebate service is accessible from desktop and mobile devices. Since its launch, the web site has been systematically expanding its supported brokers list, reaching 17 with the latest two additions. Just this month, 10 other brokers have joined PayBackFX – XM, FxGrow, Solidary Markets FX, FXPrimus, AxiTrader, Fidelis Capital Markets Cyprus, Oanda Europe, Fibo Group, Vinson Financials and NoaFX. The other brokers that take part in the program are Sensus Capital, ThinkForex, MaxFX, Tickmill, Pepperstone, IC Markets, and TradeView Forex.
PayBackFX was launched in mid-February 2016 by Myfxbook, aUK forex analytical tools provider. Myfxbook represents 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 are CashBackForex.com, ForexCashbackRebate.com, www.forexbrokercashback.com, www.hftgroupfx.com, and www.fxrebategurus.com.
ACFX is a trade brand of AtlasCapital Financial Services, which is part of Atlas Group. The group companies do business in several sectors – banking, financial services, insurance, real estate, manufacturing, trade, media, education and culture.
Atlas Capital Financial Services is regulated by the Cyprus Securities and Exchange Commission (CySEC) and thus can provide services in all other EU member states. ACFX presents itself as one of the largest business conglomerates in South Eastern Europe.
The broker offers trading in forex, metals, stocks, indices, and futures.