Cash Back Rebates for Money Managers on MT4

Cash back rebates for money managers on MT4 trading platform has always been an issue that many money managers look into before opening a trading account. All that you need to know about cash back rebates for money managers will be discussed here.

What is a Forex Rebate?

A rebate plan is a unique cash-back deal that helps money managers using the MT4 platform to save a great deal of money when trading Forex on behalf of their clients. A rebate plan allows money managers to get cash-back each time they execute a trade. What this means is that each time a money manager opens or closes a position, he gains back an amount of cash.

Professional money managers understand that a rebate plan is a “must” and they only trade on an MT4 platform that has this plan. Without this plan, money managers do not get enough motivation to trade using a certain brokerage company.

The rebate plan should be free. A money manager should not pay for this plan.

Common features of cash back rebates for money managers on MT4

Free consulting

Ideally, money managers should get free consulting before and after opening an account. This helps them to understand in detail the terms of the rebate plan and how the money will be shared between the money manager and the client.

Trading signals

Though trading signals is a different trading tool, more often it is included as part of cash rebate plan for money managers. The trading signals are quite important in helping money managers have a better view of the forex market and make informed decisions that will result to profits.

Therefore, it is important to ask if the brokerage company is offering a forex rebate plan and ask for the details of the plan.