Loyalty and cashback schemes: what do you actually get?

FTC Community TeamStaff19 views

Cashback and loyalty programs rebate some of your trading costs, and the effective rates vary widely. The real numbers are worth collecting.

Loyalty and cashback schemes: what do you actually get? — risk-reward diagram
A risk-reward ratio of 1 to 2

Share:

  • the broker and the scheme
  • the effective rebate you receive
  • whether it influenced your broker choice
Loyalty and cashback schemes: what do you actually get? — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

First-hand numbers only.

Background: The real cost of a forex trade: spread, commission and swap

Every trade has costs, and they are easy to underestimate. Here is how to add up the spread, commission and overnight swap on a position.

What is a spread in forex?

The difference between the bid (sell) and ask (buy) price. You pay it every time you open a trade, and it widens when the market is less liquid.

Is a raw spread account cheaper?

Not automatically. Add the spread and the round-trip commission together and compare the total with a spread-only account's typical spread on the pairs you trade.

Read the full guide

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