Forex Trading Pal (www.forextradingpal.com) has just launched its Forex rebate program. This program allows traders to save transaction costs because Forex Trading Pal pays back a part of the spread traders have to pay each time they make a trade. These amounts paid back are called rebates. The rebates are added up and the trader receives the total outstanding amount monthly. A participating trader will receive a rebate of up to 0.5 pip (or $ 5) on every trade. This results in a huge cut in transaction costs (i.e. 25% for a typical 2 pip spread) because the net spread is lowered, allowing the trader to save thousands of Dollars annually.
Forex Trading Pal is able to provide these rebates because of its relations with several large Forex brokers. Forex Trading Pal is an introducing broker which is a firm that introduces clients to Forex brokers. Forex Trading Pal gets compensated for referring clients and shares this compensation with the clients it refers so that in the end Forex Trading Pal as well as the client is better off. It is in Forex Trading Pal’s best interest to serve its clients well and it therefore maintains relations with only some of the most respected Forex brokers in the market like for example, FXDD and GAIN Capital.
The recent launch of the abovementioned Forex rebate program is part of a long term project which has the goal to strengthen Forex Trading Pal’s position as an introducing broker by extending and improving its services. Forex Trading Pal will add many more free services and offers to its clients in the future and some of them will be announced very soon. While it is not yet fully clear which services will be added, a few examples are providing Forex signals, exclusive market analyses and educational programs. Trading robots are also expected to become available soon, probably completely free of charge for all traders that open their account through Forex Trading Pal.
For more information please contact:
This press release was distributed by ResponseSource Press Release Wire on behalf of Forex Trading Pal in the following categories: Personal Finance, Business & Finance, for more information visit https://pressreleasewire.responsesource.com/about.