The rebate providers who offer a part of their commission to those who open their accounts with forex brokers, ensure to provide all information to their clients about the brokers, their track record and reliability. When the novice traders open their account with the an agent through these service providers, the broker will pay them a portion of a spread and from that they will pay up to 85% of the amount as forex rebate to the new traders. While both the rebate provider and the new dealer are benefited by this transaction there is no other difference in opening the account directly with the broker or through the link provided by the rebate provider. These service providers assure their clients a safe and proper trading account and they are committed to provide the best service to their clients always. They disburse the forex rebates every month and transfer the amounts to the account of each client. The dealers can withdraw the money by way of PayPal, Bank Wire, Webmoney or any other method as agreed mutually.

Selecting the good broker: It is not an easy task to identify the good forex broker. For the traders who are quite new to the field, it is always safe to avail the service of the rebate providers and open an account with a broker through their link. They rank the agents based on various parameters such as the responding time taken by the agent to the customers, their behavior to the customers and feedback about the dealer from the customers, type of the regulatory broker and many other aspects. The service providers will list 9 - 10 brokers on their website who are approved by their evaluation team as the best. However, they provide 100% freedom to their clients to choose their brokers. They only assist them in identifying the best brokers.

Advantages of the rebate system: Forex rebates enable the traders to gain additional profit from their trades. While the winners are able to earn more the losers are also protected by this system. When a trader is losing trades with him, the forex rebate that paid by his service provider is a great relief. He is able to get back a part of the amount that he lost in the trade. The rebate program is very useful to the beginners in forex trade. While practicing and learning the trade, they are able to make some money by way of this system. Moreover, most of the brokers provide a welcome bonus to those who open their new accounts through the rebate providers. Those who already have their account with a broker can also join the rebate program.