GFT Rebates – Switch Brokers Easily?

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GFT wants more forex traders, and offers a nice incentive to woo them from other brokers – a one pip rebate for every trade the trader made – as long as they prove they have another account. This promotion is very interesting because of the targeting – GFT targets only existing forex traders, excluding newbies.

Michael Greenberg reports about this promotion, offers his opinion and the full details, which are not that complicated.

Will other brokers follow? Is the forex market so saturated in the US that brokers will increase efforts on other brokers’ clients?

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.