As far as I know, for the rebates to be counted by the broker, the trades must either have a minimum time length or profit/loss size (in pips), which invalidates scalping as a viable strategy for earning through the cashback services.
Yes you are right, some brokers have some conditions to get rebate, because that i change my broker, and now i dont have any conditions. I get rebate for every trade i made, it does not matter how long is trade open, or how big is profit or loss. Now i trade a lot more, and my goal is to earn money from rebate, and keep account at least at its initial state. My last account lasted for 14 months, at the end i get greedy, and increase my lots and lost everything, but i 14 months I earned on rebate more than was my initional account. Now i opened another (classic) account beacuse of higher rebate, but is difficult to do scalping beacuse of bigger spread. Now i am looking for strategies for this type of trayding. I want to trade, a lot to get more rebate, and keep my account stable at the same amount (it would be ideal if he grew up but that is second goal 🙂).
How do you make a profit from rebates? You only get a portion of the trasnaction cost rebated, so you are still out of pocket! Or am I missing something here?
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