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FAQ - What is rebate? Where, how much, and when do I get paid?
By Paulus | August 11, 2007
What is Rebate?
Our broker - Northfinance LTD - makes money from spread. Northfinance gives some part of their profits to UltimaForex.com as their authorized Introducing Broker for bringing clients and give support about Forex Trading to them..
UltimaForex.com gives some of our income - as an Introducing Broker of NorthFinance to forex traders who join Northfinance through us - That’s YOU.
We give 0.35 pip back everytime you trade. That’s a guaranteed $3.5 back to you if you trade 1 Lot. You still get your rebates whether you win or loss the trade! A Zero Risk Opportunity!
What’s the extra when join Northfinance through UltimaForex?
Nothing. You get the same service and the same spread as traders who have registered directly to Northfinance. You just get the extra cash back and resources!
What other benefits do you offer?
You may contact us anytime via email or chat or phone with any trading questions, problems or broker complaints. We also provide forex resources. You can download profitable forex trading systems, forex indicators, forex expert advisors, forex e-book and articles, forex news, forex signals, forex forecast, etc - for FREE.
Can a beginner trader join UltimaForex?
Yes, of course! We provide full resources about forex basic and you can use our profitable forex trading systems to trade, or you can develop your own style!
I already have an account with NorthFinance. Can I still get rebates?
Yes! Simply open a new account via www.ultimaforex.com, then we will make coordination with Northfinance to move the balance from your old to your new account. A really simple step which take no more than 24 hours!
Where and when you pay my rebates?
Payment is sent monthly on the 7th directly to your trading account. No fee!
Do I get $3.5 everytime I trade?
No. It depends on the size of lot you’re trading. For example, you trade 1 Lot on GBPUSD, 1 pip value is $10, we give you 0.35 pip back, that’s $3.5 back.
How to calculate rebate: 1 Lot * $10*0.35 = $3.5
Attention: We only give rebates to forex trading. We don’t give rebates for metals and CFDs.
How do I find out how much I’ve accumulated in rebates?
You can use our rebate calculator. Click here to download, or you can use our calculator at our homepage by clicking here.
Your question is not here? Please click here to contact us!
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