Forex trading allows investors to buy and sell currency pairs and make profit from the movement in the exchange rate. Many traders choose Forex because of the high return potential in a very short period of time. However the exchange rate movements can work against you as well as for you. It is possible to lose partially or entirely your initial investment, and therefore Forex is not suitable for all investors.
The brokers we work with pay us a commission for referring a new client to them. Once we receive it, we transfer a large part to you by giving you a one-time bonus of $120. We send you the $120 bonus into your PayPal or Moneybookers (Skrill) account, so you can withdraw it as cash or spend the money as you wish.
See all brokers offering $120 Forex Bonus.
The brokers we work with pay us a commission if we refer them clients who trade regularly. Once we receive the rebates we transfer them on to you. These rebates are a part of the pip spread that you’ve traded, and are transferred to you for all your trades, no matter if it’s a winning or losing. The Pip Rebates offered vary by each broker.
See all brokers offering Pip Rebates.
A “pip” is the smallest price change in the exchange rate of a given currency pair.
EUR/USD one pip = 0.0001 is a change from 1.3258 to 1.3259
USD/JPY one pip = 0.01 is a change from 103.36 to 103.37
The pip is always the fourth digit after the decimal point, except with currency pairs with JPY. Please note that some broker’s quotes are up to the fifth decimal (third decimal for JPY currency pairs). For example, EUR/USD changed from 1.32586 to 1.32592 which means a change of 0.6 pips.
A Round Turn is when you open and close a trade, with the same currency pair. Example, buy 100,000 EUR/USD and then sell 100,000 EUR/USD, this is one completed trade or one standard lot round turn on EUR/USD.
If you directly register with your broker you will be classified as a retail client and you will be charged the full spread and will not get the $120 Forex bonus. The good news is that brokers give some parts of their spread as rebates or offer a bonus to their Referring Partners such as GainForex.net. When you register with GainForex.net, the broker will give us a part of their spread or a bonus, which we then transfer a large part of to you.
In order to receive the $120 forex bonus, you must not have an account with the broker already. So if you already have an account with them you do not qualify for this broker, but can choose another one.
In order to receive the Pip rebates, you still qualify if you already have an account with the broker. We will contact your broker and make sure you get rebated for every trade you make from now on.
Brokers value their referring partners, such as GainForex.net because they refer business to them. Because of this they offer them a part of the spread they charge their clients for each trade. In turn we transfer the rebate to you. All in all you are charged the regular spread by your broker and rebated a part of it by GainForex.net.
Absolutely not, our service is completely free. Just follow the steps to join GainForex.net and you will start getting rebates or the $120 forex bonus.
GainForex.net transfers you the $120 Forex bonus by the 20th day of the following month.
The Pip rebates are transferred between the 1st and 10th day of each month, for the previous months trading activity.
No, you get pip rebates for all trading products such as Forex, CFDs, Precious Metals and Oil.
The easiest payment process is via PayPal or Moneybookers (Skrill). In addition, some brokers (such as UWC) allow your Pip rebates to be transferred directly into your trading account.
The minimum amount we pay by PayPal or Moneybookers (Skrill) is $100. If your Pip rebates are less than that amount, they will be rolled for the next month until the minimum amount is reached. All transaction costs are at the clients expense.
We are not permitted to access your trading account and transfer any funds to it, due to security reasons. We will pay your rebates directly to your PayPal or Moneybookers (Skrill) account.
Certain fees related to payments may be incurred by clients, such as Moneybookers, PayPal fees and other similar costs.
For any additional question, please get in touch with us at: contact [at] gainforex.net