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

FxOpen UK 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.

  ECN STP
Forex20% 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.
  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.

What Are FxOpen UK Rebates?

FxOpen UK rebates reduce the spread or transaction cost paid by a trader for each lot or fraction of a lot traded at FxOpen UK. 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 UK 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 UK 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 UK.

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

FxOpen UK 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 UK 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 UK 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 UK rebates can I earn?

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

Pips
USD
Lots
1
0.1
0.01
Trades
Cashback
Pips
$700.00
Profile
FXOpen UK is headquartered in London and is a registered trading name of FXOpen Ltd. which is authorised and regulated by the Financial Conduct Authority (FCA) in the UK (Reference number: 579202). Client funds are protected up to £50,000 by the Financial Services Compensation Scheme.

Accounts can be opened with a minimum deposit of $300 in the following base currencies: Euro (EUR), British Pound (GBP) and US Dollar (USD). There are multiple payment methods available to fund your account. You can trade numerous financial instruments from 50 FX pairs, Gold, Silver, CFD Indices + Energy. The ECN model is used for all accounts at FXOpen UK.

Client funds are segregated as per the FCA Client Asset Rule and are held at Barclays Bank which is a Tier 1 institution.
Company Name FXOpen Ltd
Year Founded 2013
Headquarters United Kingdom
Office Locations United Kingdom
Account Currency AUD, CAD, CHF, EUR, GBP, USD
Client funds bank Barclays Bank
Support Languages Chinese, English, German, Russian, Spanish
Funding Methods Bank Wire, China Union Pay, Credit/Debit Card, Neteller, PayZa, Skrill (Moneybookers), Webmoney
Financial Instruments Forex, Indices, Oil/Energies
24 hour support Yes
Segregated Accounts Yes
Islamic Accounts Yes
Accepts US Clients No
Accepts Japanese Clients Yes
Non expiring demo No
Trading API Yes
Account types

  ECN STP
CommissionFrom 1.5 units of base currencyNone
Maximum leverage30:1
Typical Spread0.31.2
Mobile PlatformMT4 Mobile
Trading PlatformMT4, WebTrader
Spread TypeVariable Spread
Minimum Deposit300
Minimum Trade Size0.01
Trailing StopsYes
Scalping AllowedYes
Hedging AllowedYes
Islamic AccountsYes
  ECN
Commission From 1.5 units of base currency
Maximum leverage 30:1
Typical Spread 0.3
Trading platform MT4WebTrader
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 300
Minimum Trade Size 0.01
Trailing Stops Yes
Scalping Allowed Yes
Hedging Allowed Yes
Islamic Accounts Yes
  STP
Maximum leverage 30:1
Typical Spread 1.2
Trading platform MT4WebTrader
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 300
Minimum Trade Size 0.01
Trailing Stops Yes
Scalping Allowed Yes
Hedging Allowed Yes
Islamic Accounts Yes
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