A Forex rebate scheme is a scheme which offers potential traders the possibility of being refunded some the spreads they are charged by brokerages. The schemes are members of affiliate programs for the brokerages they promote meaning they collect a share of the revenue made by the brokerages you sign up to. They then share this revenue with you making money for themselves while also giving you cash back. For instance the xemarkets affiliate scheme offers it’s members up to 50% revenue share for each customer they sign up. So then the Forex  rebate scheme will then share this revenue with the customer who signed up through there link a certain percentage of the revenue earned from the affiliate program. Meaning the original customer gets pay out when a certain amount of income has been generated from the affiliate program.

Many of these schemes are completely legitimate and will pay you a share of the earnings the broker makes from you. The amount of rebate you will receive varies between various brokerages due to the fact that different affiliate schemes offer different revenue share. Signing up to rebate scheme will not harm your rights with the brokerage and can help you earn extra cash or at least reclaim some of your losses. There are a number of different Forex rebate schemes out there.  

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