Blog for Traders
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Dear clients,
We are sorry to inform you that we will be unable to provide cashback services for XM in the future. Yesterday (6 February 2017) afternoon we got the following email from XM:
As you can read in their email, XM decided to close our affiliate accounts with 50+ real money clients and refuse to pay us our commissions. We're still not sure about the reason as currently waiting for their answer (more than 24 hours passed and we haven't got any answer yet on our business email).
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Dear Traders,
We're happy to announce that one of our partner brokers - Admiral Markets cut spreads by 20% on most of their index CFDs. Just to give you few examples on the new spreads: 0.4 points on S&P500, 0.8 points on DAX, 1 point on Dow Jones.
And the best part is that on the top of the cuts, we're paying cashback to our clients that can reduce their spreads by 20% further. Eg.: You trade DAX you get back 0.16 from the spread, means your trading cost in the reality will be only 0.64.
If you compare these spreads with the ones that other brokers are offering, you'll notice that on some indices you can cut your trading costs by even 90%!
Read more: How to trade index CFDs with almost zero spreads?
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To find the right broker, you need to have some knowledge about how they actually work. In this post we're going to discuss the different types of brokers. They can be divided into two main groups: DD (Dealing Desk) and NDD (No Dealing Desk) brokers. Dealing Desk brokers are also known as MM (Market Makers).
Read more: The truth about brokers (Market Maker - STP - ECN)
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When you open a broker account using our links, for that account your broker pays part of their spread or commission to us. Then, we share most of this revenue with you, paying cash for every transaction you make. And the best part is that your trading conditions remain the exact same as if you had opened an account directly with the broker. The only difference is that you earn extra cash on your trades.
