|Forex||12.50% Of The Spread|
1000+ Lots - 20% Of The Spread
Monthly Cash Back
12.50% Of The Spread
1000+ Lots - 20% Of The Spread
Monthly Cash Back
What are IG rebates?IG rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do IG rebates work?When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.
Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
How much IG rebates can I earn?Use our forex rebate calculator to estimate your IG rebate earnings:
Are IG Rebates a scam; do my spreads increase?IG rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.
When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.
What is the best IG rebate program?The first forex rebate providers were Chinese and catered to Chinese clients. In 2006 the company ‘FX Rebates’ arrived on the scene out of the USA, offering forex rebates to a global clientele. In 2007 cashbackforex.com became the second global rebate provider and surged in popularity. ‘FX Rebates’ shortly thereafter either went out of business or stopped offering forex rebates. From 2007 onwards cashbackforex.com and it’s affiliates have been the dominant and largest rebate provider and one of the largest introducing brokers globally.
Many competitors have come online since 2007, some good and some bad. We have continued to improve our services along the way to stay ahead of the pack.
Are there any other benefits to signing up for IG rebates?It depends on the rebate provider. Due to our unique relationship with many brokers, we have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond to us, since we typically have many clients with them. Our knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. We also offer trading tools, calculators, reviews and a robust forex education section.
How are forex rebates paid?
Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:
Forex rebate options vary per broker:
|Monthly cash back||Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in.|
|Spread or commission reduction||The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers.|
|Paid direct to brokerage account||Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers.|
In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, Entropay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.
With headquarters in the City of London, UK, and established in 1974, the IG Group, provides brokerage services to retail investors and leveraged access to more than 16,000 global financial markets – including forex, indices, shares, commodities and other instruments – via apps and market-leading platforms that provide secure and efficient execution.
The IG Group has operations in 16 countries, including since mid-2019 the US, across five continents and, as of May 2019, around 178,500 active clients worldwide.
The ample range of products, offered by the IG Group, is designed to provide the right solutions across the universe of different clients’ trading and investment needs.
These products include the most traded and popular financial instruments, like CFDs (not available to US residents) and Forex and, since 2014, stock brokerage. The stock brokerage service/trading is available to clients in the UK, Austria, France, Germany, Ireland, Australia, and the Netherlands.
Regarding Forex trading, the IG US LLC is a market maker dealer, meaning that when you trade through this broker, you will be dealing with IG US LLC and not directly with the underlying Forex market.
With a Group revenue of nearly $740 million (data from 2018), generated by the several Group subsidiaries; IG Europe GmbH, IG Bank S.A. and also IG US Holdings Inc, a Group stock price of 734p on the LSE (LON: IGG), IG seems a solid trading partner to consider for your trading activities, in terms of annual volumes, as a liquidity provider, and also for the safety of your funds.
The IG US LLC Forex trading division also offers free Forex education, with access to the IG Academy, where you will find several online trading courses, designed for all types of traders and all levels of experience.
You can find courses designed for new traders to more advanced courses, including risk management, technical analysis. You can also check your knowledge of the financial markets by answering practical exercises and quizzes.
There’s also the possibility of streaming several live trading webinars, tailored to enhance your trading skills and overall market knowledge.
IG US LLC offers trading of all the major Forex pairs, minors and also exotic pairs, through their proprietary online trading platform, custom-made iOS and Android trading Apps and the more classic Metatrader (MT4).
|Company Name||IG US LLC|
|Office Locations||United States|
|Client funds bank||BMO HARRIS|
|Funding Methods||Bank Wire, ACH, Debit Card|
|24 hour support|
|Accepts Canadian clients|
|Accepts Japanese Clients|
|Non expiring demo|
|Negative balance protection|
|Regulatory deposit insurance|
|Interest on margin|
|Mobile Platform||MT4 Mobile, IG Apps|
|Trading Platform||MT4, IG Web-based|
|Spread Type||Variable Spread|
|Minimum Trade Size||0.01|
|Trading platform||MT4IG Web-based|
|Mobile platform||MT4 MobileIG Apps|
|Spread type||Variable Spread|
|Minimum Trade Size||0.01|