We monitor competitors and always offer the highest cash back. In partnership with cashbackforex.com.

FxOpen AU Rebates | Best Rates on the Web

Fxverify Rating
User Rating
(7)
Cash Back Rates
Cash back rebates are paid per closed position unless otherwise specified. 1 Lot = 100,000 base currency units traded.

  Micro ECN Standard ECN VIP ECN STP
Forex20% Of Commissions Paid.20% Of Commissions Paid0.24 Pips
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  Micro ECN
Forex 20% Of Commissions Paid.
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  Standard ECN
Forex 20% Of Commissions Paid
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  VIP ECN
Forex 20% Of Commissions Paid
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  STP
Forex 0.24 Pips
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
Promotions
Regulators

What Are FxOpen AU Rebates?

FxOpen AU rebates reduce the spread or transaction cost paid by a trader for each lot or fraction of a lot traded at FxOpen AU. In general, forex rebates can come in several different forms depending on each broker:
  • A pricing reduction made directly to the spread or commission cost.
  • A cash payment paid into the trader's account, typically daily.
  • A monthly cash payment made to the trader's selected payment method such as Paypal, bank wire, etc.

How do forex rebates work?

Brokers pay us a volume based commission for each trade placed by a client we send them. We then pay most of this commission back to our clients. We never work with brokers who attempt to raise spreads or worsen trading conditions for our clients, it's totally against our business model. Ultimately, you get a better deal going through us than direct to the broker. If it seems too good to be true and you're still skeptical, we understand! Just ask the broker about our program directly.

Which FxOpen AU rebate program is the best?

Our business model and theme is offering the highest rebate rates at every popular forex broker. We do this by adjusting our rates whenever we find a competitor offering more. We work with cashbackforex.com, the original and leading provider of forex rebates in order to provide top notch support and services. In addition, due to being the industry leader in client volume they have negotiated the highest commission rates and thus we can easily beat competitor rates. We also offer higher rebate rates than cashbackforex.com.

Will my FxOpen AU spreads increase?

There may be a few scammy forex rebate providers out there that do this but we do not. It would be deceptive, unethical, and totally against our business model, not to mention customers would quickly catch on and write horrible reviews! The easiest way to alleviate such a concern is just ask customer support at FxOpen AU.

How can it be better to work through a 'middle-man' than just working directly with FxOpen AU?

FxOpen AU rebates are similar in nature to a credit card rewards program. Let’s take a Visa credit card for example. When a consumer purchases something using a credit card the vendor incurs a fee of between 1.5% – 3% which they pay to Visa. Many consumers are enrolled in a credit card rewards program and receive approximately 1% cashback reward on any credit card purchase they make. Is it free money? Yes and no. It’s money the consumer would not have received if they were not signed up with the rewards program, however it’s paid for out of fees charged to the vendor who will naturally build such fees into the cost of their products.

A forex rebate provider typically has a contractual relationship with a number of different forex brokers and earns a commission for each trade placed by a trader they refer to the forex broker. The marketing benefits afforded to forex brokers by such a system are substantial, from actual referred clients to branding, added search engine visibility, etc. The rebate provider then pays the client a cash rebate from the commission they earn from the forex broker.

Are FxOpen AU rebates worth the effort?

The biggest obstacle to any forex trader is the cost of the transaction. It may seem small, but in fact it’s the biggest factor that gives the trader less than a 50% chance of winning any particular trade. This seemingly small cost can be devastating when compounded, and in the long term if the trader relies on luck alone they are sure to continually lose on their investment. FxOpen AU rebates reduce the cost of the transaction and increases a trader’s probability of winning. Still, a trader must rely on their trading skill to close the remainder of the gap.

Why don't you offer more forex rebate brokers?

We have chosen to focus on the more reliable, competitive and trustworthy brokers. If we were to add every forex broker that approached us we would have at least several hundred. Currently we have a relationship with all of the most popular broker’s across the globe. As a customer-focused company our paramount concern is that we send clients to broker’s where they will be able to withdraw their funds easily when the time comes; and experience fair trading conditions and good customer service.

How much FxOpen AU rebates can I earn?

Use our forex rebate calculator to estimate your FxOpen AU rebate earnings:

Pips
USD
Lots
1
0.1
0.01
Trades
Cashback
Pips
$700.00
Profile
FXOpen AU which is in operation since 2012 is a brand name for FXOpen AU Pty Ltd., which is licensed and regulated by the Australian Securities & Investment Commission (ASIC) under Licence Number 412871.

Being the first broker to Offer true ECN trading to its clients, accounts can be opened in the following base currencies, Australian Dollar (AUD), Swiss Franc (CHF), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Singapore Dollar (SGD) and US Dollar (USD). Minimum deposit is $200 and there are a number of payment methods in which accounts can be funded. There are 50 financial instruments (including gold and silver) that can be traded.

Customer support in 5 languages operates 24/5 from 9am-5pm AEST Mon-Fri.

Client funds are segregated and held in specially designated trust accounts held with a registered Authorised Deposit-Taking Institution (ADI)
Company Name FXOpen AU Pty Ltd
Year Founded 2010
Headquarters Australia
Office Locations Australia
Account Currency AUD, CHF, EUR, GBP, USD
Support Languages Chinese, English
Funding Methods Bank Wire, Credit/Debit Card, Skrill (Moneybookers), Local Bank Transfer
Financial Instruments Forex
24 hour support Yes
Segregated Accounts Yes
Islamic Accounts No
Accepts US Clients No
Accepts Japanese Clients Yes
Non expiring demo Yes
Trading API Yes
Account types

  Micro ECN Standard ECN VIP ECN STP
Commission5 units of base currency  Per Side Per 100K USD Traded2.5 units of base currency  Per Side Per 100K USD Traded1.8 units of base currency  Per Side Per 100K USD TradedNone
Maximum leverage100:1500:1200:1500:1
Typical Spread0.0-0.40.0-0.40.0-0.41-1.2
Mobile PlatformMT4 Mobile
Trading PlatformMT4, PAMM
Spread TypeVariable Spread
Minimum Deposit20010002500010
Minimum Trade Size0.01
Trailing StopsYes
Scalping AllowedYes
Hedging AllowedYes
Islamic AccountsNo
  Micro ECN
Commission 5 units of base currency  Per Side Per 100K USD Traded
Maximum leverage 100:1
Typical Spread 0.0-0.4
Trading platform MT4PAMM
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 200
Minimum Trade Size 0.01
Trailing Stops Yes
Scalping Allowed Yes
Hedging Allowed Yes
Islamic Accounts No
  Standard ECN
Commission 2.5 units of base currency  Per Side Per 100K USD Traded
Maximum leverage 500:1
Typical Spread 0.0-0.4
Trading platform MT4PAMM
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 1000
Minimum Trade Size 0.01
Trailing Stops Yes
Scalping Allowed Yes
Hedging Allowed Yes
Islamic Accounts No
  VIP ECN
Commission 1.8 units of base currency  Per Side Per 100K USD Traded
Maximum leverage 200:1
Typical Spread 0.0-0.4
Trading platform MT4PAMM
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 25000
Minimum Trade Size 0.01
Trailing Stops Yes
Scalping Allowed Yes
Hedging Allowed Yes
Islamic Accounts No
  STP
Maximum leverage 500:1
Typical Spread 1-1.2
Trading platform MT4PAMM
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 10
Minimum Trade Size 0.01
Trailing Stops Yes
Scalping Allowed Yes
Hedging Allowed Yes
Islamic Accounts No
Overall rating is an average of ratings from experts in 4 categories
Pricing
5 / 5
Regulation
5 / 5
Popularity
4.5 / 5
User rating
4.7 / 5
Source: fxverify.com > fxopen