Do not invest more money than you can afford to lose.
Forex rebates service provider PayBackFX continues to expand its offering with additional brokers, adding Mayzus Investment Company, trading as Mayzus, the website said earlier this week. As a result, PayBackFX’ total number of supported brokers has increased to 21, just a few weeks after the website was launched.
Clients of Mayzus can receive rebates of $4.5 per round-turn lot if they use Mini trading accounts an $3 per lot if they trade via Classic accounts. For gold and silver, the website offers different rebates.
Mayzus is a broker of forex, contracts for difference (CFDs) on shares, indices, and oil. The brokerage is licensed by the CySEC and registered with the relevant authorities in 18 other European countries, including Belgium, Germany, Spain, the UK, and France.
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.
In March, PayBackFX added 14 forex brokers – Exness, GBE Brokers, FXOpen, Atlas Capital FX (ACFX), Vinson Financials, NoaFX, XM, FxGrow, Solidary Markets FX, FXPrimus, AxiTrader, FIBO Group, Oanda Europe, Fidelis Capital Markets Cyprus and . Othe brokers that have partnered with the rebate service provider are MaxFX, Tickmill, TradeView Forex, Pepperstone, ThinkForex, IC Markets.
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 is a project of 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.