RoboForex is an international online broker with a high reputation among traders, offering a wide range of trading products including Forex, CFDs, stocks and cryptocurrencies. RoboForex’s cashback (or “rebate”) program is one of its major draws for traders, as it offers active traders significant savings on trading costs. Below is a comprehensive analysis of the RoboForex Forex Cashback Program, including how it works, how to participate, calculation of returns and the potential benefits it brings.
1. How the cashback program works
RoboForex’s cashback program is designed to reward active traders on its platform. This plan is based on the trader's trading volume, i.e. the number of lots traded, regardless of profit and loss results. Rebates are usually credited directly to the trader's account after the trade is completed and can be used as funds for further trades or withdrawn at the trader's choice.
2. How to participate
Joining RoboForex’s cashback program is generally very intuitive. New users can choose to join this program when registering and opening a trading account. For traders who are already RoboForex users, they can choose to activate this rebate program in the client portal. It is important to note that different account types may have different rules regarding eligibility and rebate rates.
3. Return calculation method
RoboForex's rebate amount is usually calculated based on the trader's trading volume, and the exact amount depends on the asset class traded and the account level of the trader. For example, RoboForex may provide different levels of rebate amounts for each transaction based on account type. This difference allows premium account users to enjoy higher rebates.
4. Potential benefits of rebate schemes
Participating in RoboForex’s cashback program can bring the following benefits to traders:
Cost savings: By returning part of the transaction fees, transaction costs are effectively reduced.
Increased trading motivation: Rebates may motivate traders to trade more frequently and try new strategies.
Improve capital utilization: The returned funds can be used for transactions again, thereby improving the liquidity and utilization efficiency of funds.
in conclusion
RoboForex's Forex Cashback Program offers active traders an effective way to reduce trading costs and increase profit potential. The program encourages traders to increase trading volume while providing them with additional financial support, which in many cases can help improve their overall trading performance. For traders looking to reduce trading costs and gain more financial returns from their trading activities, RoboForex’s cashback program is certainly an option worth considering.
