RebateKingFx Review 2023 - Verified Customer Reviews
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3.6
User Rating
4.6
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RebateKingFx Review
Updated May 07, 2021
3.6
Score breakdown
Pricing: 5
Regulation: 0
Popularity: 5
RebateKingFx overall score rank: 14 out of 68
RebateKingFx is an IB broker offering forex rebates in the finance industry. Their business model, and moto, is to “beat any competitor offer”, by offering the highest rebate rates with the most popular forex brokers.
RebateKingFx does exactly that by adjusting their rebate rates whenever a competitor is found offering a higher rate. By following this business model, this excellent IB broker’s clients can rest assured that they are getting the highest forex rebates possible.
And on top of that, RebateKingFx clients will get the best possible customer support, together with accurate cashback from their trading and timely payments.
RebateKingFx does exactly that by adjusting their rebate rates whenever a competitor is found offering a higher rate. By following this business model, this excellent IB broker’s clients can rest assured that they are getting the highest forex rebates possible.
And on top of that, RebateKingFx clients will get the best possible customer support, together with accurate cashback from their trading and timely payments.
KEY TAKEAWAYS
- Highest forex rebates rates
- Partnerships with more than 30 highly regulated brokers
- Fast and friendly customer support service
- Six withdrawal methods, including PayPal and Neteller
With headquarters in the Republic of Ireland, RebateKingFx works in partnership with CashBackForex, the original and most popular rebate provider.
RebateKingFx offers the genuine trademark of real-time rebate reports delivered to the client’s profile dashboard. These reports are updated every 10 minutes, if the rebates account is connected to an MT4 trading account, or once daily if the rebates account is connected to an MT5 trading account.
This enhanced feature enables clients to follow in real-time the rebates paid by the broker and the balance of their account. Let’s look in more detail what separates this excellent IB broker from its competitors, what payment methods are offered, fees and minimum withdrawal amounts.
RebateKingFx offers the genuine trademark of real-time rebate reports delivered to the client’s profile dashboard. These reports are updated every 10 minutes, if the rebates account is connected to an MT4 trading account, or once daily if the rebates account is connected to an MT5 trading account.
This enhanced feature enables clients to follow in real-time the rebates paid by the broker and the balance of their account. Let’s look in more detail what separates this excellent IB broker from its competitors, what payment methods are offered, fees and minimum withdrawal amounts.
RebateKingFx Payment Methods, Fees and Minimum Payment
5.0
| Cashback | Payment Methods | Withdrawal Fees | Withdrawal Minimum |
|---|---|---|---|
| Forex Crypto Stocks Indices Commodities |
PayPal | No fees | $10 |
| Skrill | 3.5% | $1 | |
| Neteller | 3.5% | $10 | |
| Bank Wire | $40 | $200 | |
| SticPay | 2% | $10 | |
| China UnionPay | 2% | $20 | |
| Credited to trading account | No fees | $0 |
Rebates and Cashback
- RebateKingFx offers the best rebate rates on the net. Rebates can be earned in 3 easy steps. Signup for an account, select a broker (or connect an existing trading account), and start trading, earning cashback on each closed trade.
- RebateKingFx works only with highly regulated brokers, offering cashback on executed trades across a wide range of CFDs; forex, cryptocurrencies, stocks, indices and commodities.
- Rebates are offered as a spread or trading commissions reductions, and paid on every trade, whether it's a win or a loss.
- Rebates can be redeemed via seven different payment methods, including bank wires and some popular e-payment solutions.
- Available cashback on the rebates account can also be credited back to the broker's trading account, and added to the account equity.
Withdrawals and Other Fees
- Withdrawal fees - Rebates are timely processed and sent automatically by the 12th of the month following the month cashback is earned in. RebateKingFx does not charge any withdrawal fees, however withdrawals may incur fees on payments to international banking institutions and some e-payment providers.
- Inactivity fee - RebateKingFx does not charge an inactivity fee or any account maintenance fees.
RebateKingFx Pricing
5.0
| Instruments | Spread Reduction | Rebate per Lot | Commission Reduction |
|---|---|---|---|
| Forex | Avg. 0.76 pip | Avg. $7.32/lot | Avg. 27.10% |
| Commodities | Avg. 0.76 pip | Avg. $7.32/lot | Avg. 27.10% |
| Crypto | Avg. 0.76 pip | Avg. $7.32/lot | Avg. 27.10% |
Spread Reduction
RebateKingFX rates are currently the best in this industry. Traders linking a trading account with this rebates provider can benefit of an average spread reduction for forex CFDs of 0.76 pip.
This means if an investor has a Standard trading account with one of the selected brokers proposed by RebateKingFx, and the EUR/USD spread is 1 pip, more than half of that spread (0.76 pip) will be credited back to the investor’s rebate account. We consider this average spread reduction, for a Standard trading account type, to be one of the highest when compared with other IB brokers.
This means if an investor has a Standard trading account with one of the selected brokers proposed by RebateKingFx, and the EUR/USD spread is 1 pip, more than half of that spread (0.76 pip) will be credited back to the investor’s rebate account. We consider this average spread reduction, for a Standard trading account type, to be one of the highest when compared with other IB brokers.
Rebates per Lot
Other interesting offer available with some of the CFD brokers proposed by RebateKingFx is the rebates per lot. This means that investors will get cashback on each traded lot (100,000 currency units), with an average of US$ 7.32 per lot.
Please note that 1 traded lot also includes traded mini-lots (0.10, 0.20, etc.) that should add to a minimum of 1 complete lot by month end to be eligible for the rebates. RebateKingFX will credit the equivalent rebates per lot to its clients, regardless if the trades were closed with a profit or a loss.
Please note that 1 traded lot also includes traded mini-lots (0.10, 0.20, etc.) that should add to a minimum of 1 complete lot by month end to be eligible for the rebates. RebateKingFX will credit the equivalent rebates per lot to its clients, regardless if the trades were closed with a profit or a loss.
Commissions Reduction
The third possible alternative to earn cashback with RebateKingFX is in the form of a trading commission reduction percentage. This means that traders ticking this option will be credited to their rebates account part of the broker’s trading commission (very common with ECN brokers), with an average of 27.1% reduction on the trading commission.
For example, an investor with an ECN account with a popular broker charging $US 6.00 commission per 1 traded lot of EUR/USD, will in reality pay $US 4.374 trading commission, with the remaining $US 1.626 credited back as cashback.
For example, an investor with an ECN account with a popular broker charging $US 6.00 commission per 1 traded lot of EUR/USD, will in reality pay $US 4.374 trading commission, with the remaining $US 1.626 credited back as cashback.
RebateKingFx Popularity
5.0
| Trading Education | Trading Tools | Customer Support | Support Languages |
|---|---|---|---|
| Academy Technical Indicators Videos MQL Tutorials |
Calculators Charts |
Multi language 24/5 Support Live Chat |
Chinese English Italian Portuguese Polish Russian Spanish |
The popularity of this excellent IB broker is on the rise. Rebates can be earned by trading with selected brokers offering retail investors protection mechanisms such as Investor Compensation Scheme and Negative Balance Protection, across multiple platforms (MT4, MT5 and cTrader) to suit all kind of traders.
But the key factor for RebateKingFx raising popularity is their competitive rebate rates, as some of the highest on the market.
- Trading Education - RebateKingFX also gets extra popularity points for their extensive range of trading education materials, available through the Academy tab. RebateKingFx clients can find video tutorials, professionally written articles covering FX and crypto trading and even MQL tutorials.
- Customer support - RebateKingFx highly-efficient multi language customer support service is available 24 hours, 5 days a week, in 7 languages. RebateKingFx support is available via phone call, contact form, email and live chat directly from the IB broker's website.
Overall, on our RebateKingFx review, this excellent IB broker is a very reputable choice for traders looking to earn extra cash from their trading, and above all, the ideal solution for those looking for the highest rebate rates.
If you would like to start earning extra cash with your trading and get the highest cashback rates, visit RebateKingFx - Forex Rebates to open an account, or to link an existing trading account.
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If you would like to start earning extra cash with your trading and get the highest cashback rates, visit RebateKingFx - Forex Rebates to open an account, or to link an existing trading account.
Was this review helpful? Share it with a friend!
RebateKingFx User reviews
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4.6
RebateKingFx user rating score rank: 4 out of 68
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