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Why trade Forex?
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.
What is a Pip?
A “pip” is the smallest price change in the exchange rate of a given currency pair.
Example:
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.
What is a Rebate?
A rebate means the commission that a broker pays to an affiliate partner, such as GainForex.net for referring clients to them. Once we receive the rebates we transfer them on to you.
What is a Round Turn (or Round Trip)?
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.
Do I still get rebates, if I lose?
Yes, you do get rebates for all trades you make, both winning and losing.
Why do I have to register with GainForex.net to receive rebates?
If you directly register with your broker you will be classified as a retail client and you are charged the full spread. The good news is that brokers give some parts of their spread as rebates to their Referring Partners such as GainForex.net. When you register with GainForex.net once we receive the rebates from your broker we transfer them on to you.
How do I start getting rebates?
Follow these easy steps:
1.Compare listed brokers and choose the best one for you.
2. Register with GainForex.net and follow the instructions in the email you receive from us.
3. Trade and receive rebates.
What if I already have an account with a broker?
Don’t worry, we will contact your broker and make sure you get rebated for every trade you make from now on.
How do brokers pay you without additionally charging me?
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.
What if the broker I want to use/my existing broker is not listed?
Don’t worry, just tell uS the broker and we will contact it to arrange rebates.
What if the broker I want to use/my existing broker is not listed?
Don’t worry, just tell us the broker and we will contact it to arrange rebates.
Do I need to pay to use your service?
Absolutely not, our service is completely free. Just follow the steps to join GainForex.net and you will start getting
rebates.
When do I receive my rebates from GainForex.net?
GainForex.net transfers you the rebates between the 1st and 10th day of each month, for the previous months
trading activity.
If I am already making money on Forex, why should I sign up?
Getting a rebate will make you even more profitable. Depending on your trading volume for the month, you will get
rebates which will increase your overall revenue.
What if I trade many products, do I get the same rebates for all of them?
It depends on each broker’s conditions. You should review each trading product that a broker offers, and the
respective rebate that GainForex offers you.
Is there a trading product that I cannot get a rebate for?
No, you get rebates for all trading products such as Forex, CFDs, Precious Metals and Oil.
How will you pay me?
The easiest payment process is via PayPal, but you can opt for a bank wire as well. In addition, some brokers
(such as UWC) allow your rebates to be transferred directly into your trading account, which means that you will
not pay any transaction fees at all.
Is there a minimum or maximum payout?
Yes, the minimum amount we pay by PayPal or bank wire is $100. If your 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.
Can I receive my rebates directly into my trading account?
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 bank account.
Is there a transaction fee?
Certain fees related to payments may be incurred by clients, such as wire fees, Moneybookers, PayPal fees and
other similar costs. There is a $25 fee charged each time a rebate is paid to a client via bank transfer, which is
deducted from the payment amount. Some brokers (such as UWC) allow your rebates to be transferred directly
into your trading account, which means that you will not pay any transaction fees at all.
For any additional question, please get in touch with us at: contact [at] gainforex.net