Forex Pro Nz: Forex Rebates

Before I started Forex Mentor Pro, I tried very hard to come to an agreement with a Forex introducing broker company who organize Forex rebates (aka “Forex cashback”) for clients. This company has a very strict “due diligence” process before they accept any brokers or associates and since we were a new site, they wanted to see how we behaved!
Likewise it gave me the opportunity to monitor their conduct and seek feedback from their existing clients in our mentor group.
The Aslan group is probably one of the most ethical outfits I have had the pleasure of dealing with, and are something of a rarity in the shark infested waters of Forex.
I am delighted to be able to offer you Forex rebates as an Aslan Group partner.

How Do Forex Rebates Work?

Forex rebates literally mean you get a cheque back from your broker at the end of every month based on your trade volume. If you are trading a live account regularly and not using this service, you are literally throwing money away!
Let me give you a quick example of how they work.
Trader A and Trader B both open accounts with the same broker, depositing $5,000 each into their trading accounts.
Trader A applies for an account directly with the broker whereas Trader B applies through the special Aslan coded broker referral link which takes her to the same application as Trader A, but automatically assigns The Aslan Group as the Introducing Broker.
For the sake of this example, let’s say that both traders place the exact same trades. These total 40 lots in their first month and they both end the month with a $4,900 balance ( $100 in trading losses ).
Since Trader B registered via The Aslan Group, they will receive a rebate of approximately $240.00 ( 40 lots x $6.00/lot ). Although Trader B has lost $100 in their trading account, the $240.00 paid by Aslan actually puts them in a positive net position for the month.
Trader A on the other hand will receive nothing and maintains his negative net position for the month.
The only difference is that Trader B registered for their trading account by clicking the Aslan Group link.

Register for Forex Rebates Today

If you are interested in Forex rebates (and if you are not, why not?), please visit our special Forex Mentor Pro page. We have decided to make this service available to all, regardless of whether you are a member or not, and you can get more details from http://www.forexmentorpro.com/members/aslan-group/
I truly believe in this service – it is 100% free to register and – I cannot emphasize this enough – gives you free money if you trade Forex on a live account with no catches!

Introduction to The Aslan Group

We are honored by the invitation to work with the members of Forex Mentor Pro and look forward to providing the same value and service that you have come to expect in your dealings with Marc and Dean.

The Aslan Group Inc is a family owned company that formed in 2002 and has been working in an Introducing Broker ( IB ) capacity since 2008. We recognize that the relationship between a forex trader and their broker is a vital one and our role is to help educate you on the available options and bring clarity to your decision.

Part of our responsibility to our clients is to ensure that only the highest quality options are made available. We have very high standards that each broker must meet before we will even consider a partnership and these standards will never be compromised.

We have built our brand on the principles of service and integrity and are delighted to work with a group where those values are shared.

The Aslan Group Rebate Program

Another benefit to working with The Aslan Group is access our Rebate Program.

For those unfamiliar with trading rebates, think of it as a monthly cash bonus. Each time you close a trade your broker pays us a commission ( assuming we are listed as your IB); it doesn’t matter whether you trade 1 micro lot or 50 standard lots, whether you close in profit or not, every trade you close earns a rebate.

At the end of the month, we receive a report showing the amount of commission we have earned on each account and we then rebate the majority of these funds back to our clients.

You will notice that most rebates are expressed in “pips/lot” ( 0.6 pips/lot or 0.3 pips/ lot for example ) but most traders want to know what this means in terms of dollars.

If you earn a rebate of 0.6 pips/lot you will receive approximately $6.00 for every standard lot ( 100k ) traded, $0.60 for every mini-lot ( 10k ) and $0.06 for every micro-lot ( 1k ). If you have traded a total of 10 lots for the month, you will receive approximately $60.00. If you traded 100 lots, you will receive approximately $600.00

There is no cost to participate and everything else associated with your account ( spreads, service, execution ) is exactly the same as a client who does not use an IB. Quite literally, we are giving you “free money”.

How To Participate

Instructions on how to participate in our Rebate Program for both new and existing clients, along with each broker’s available rebate can be found in the list below. Please note that large volume traders are often eligible for even higher rebate amounts. If you are an Active Trader, please contact us at activetrader@aslanforex.com for further discussion.