Forex brokerage Grand Capital has taken its expansion in Indonesia one step further and has partnered with local forex rebate service provider Forex Rebate Changer, the broker said in a notice on Monday. Clients of the broker can make payments via and receive cash back from Forex Rebate Changer.
Forex Rebate Changer offers a rebate, or a cash back reward, to Grand Capital clients of up to $15 per lot. The rebate amount depends on the type of trading account. Micro account holders can receive $15 back, while traders with Standard accounts can get a rebate of $10 and those with either ECN or Swap Free accounts are eligible for $5 cashback. Meanwhile, traders in binary options can get back 80% of the commission they paid.
Forex Rebate Changer supports deposits and withdrawals in Indian rupiah (IDR) via local banks Mandiri and BCA, which Grand Capital already has as payment options. Funds deposited via Forex Rebate Changer will be available in traders’ accounts within a period of 24 hours.
Grand Capital offers several different payment options to traders in Indonesia. The broker has been consistently expanding its offering in the market. Indonesians can use several different payment systems to deposit to and withdraw funds from Grand Capital, exclusively available for the region. In addition to Forex Rebate Changer, the rest options are banks BRI, BNI, Bank Central Asia (BCA), iTukar, Sentraegold, FXBC Changer, and Mandiri bank, as well as e-wallet FasaPay.
In addition, Grand Capital also supports more international deposit and withdrawal options via bank transfers and bank cards, Western Union and MoneyGram, e-payment systems OKPay, Neteller, FasaPay, WebMoney, UnionPay, Yandex.Money, Skrill, and others.
Forex Rebate Changer claims to have more than 1,000 clients and to work only with licensed forex and binary options brokers. Some of its partners include XM, RoboForex, FxPro, FXOpen, FXTM, IC Markets, IQ Option, 24Option, HotOption, Binary.com, among others.
Grand Capital is based and incorporated in the Seychelles and has offices across Europe and Asia. It provides financial, educational and brokerage services and offers trading in forex, binary options and contracts for difference (CFDs) on stocks, gold, oil, lumber and forex instruments. It provides a few different programs for affiliate partners.