Today I’m analyzing a new Forex rebate service that promises the highest rebates on most Forex brokers, Pip Rebate. They also provide daily and weekly deals on specific brokerages that are looking to acquire more clients, in return for a higher rebate. There are quite a few rebate services in the Forex marketplace, so I’ll break down the pros and cons of this one, and let you know if it’s worth your time or not.
Owned and operated by PipRebate Ltd., the creators of the service claim to have more than 10 years of experience in the financial marketplace. There is no information provided about their head office location, but they do provide support via email at email@example.com, and phone at UK, 0044 2034119541, and USA 001 9175048313.
Pip Rebate Review
According to their website, the Pip Rebate team has been serving the market since 2008. I believe this to be true, because their website looks like it was developed in 2008, and they’ve yet to update their aesthetic to the current web standard. I don’t want to judge the service solely on the design of their website, but it does come across as very unprofessional. It’s my recommendation, that they spend a little money, and upgrade this as soon as possible.
That being said, let’s take a closer look at the rebate options available. There are currently 2 options for traders to choose from. The rebates can be deposited directly into your broker account, or deposited into the PR panel, which allows you to withdraw them via Neteller, Skrill, PayPal, WebMoney, Perfect Money and Payza.
The service also comes with a multilevel affiliate marketing method, which allows traders to get a commission from traders they introduced to this service. According to the affiliate program, traders received 22% of the rebates of their friends, 15% of the first tier, 5% of the second tier and 2% of the third tier. So, if the traders that you introduce also introduce other traders, you continue to get commissions from each level.
Pip Rebate currently offers rebates for 30 Forex brokers, and have over 7000 clients taking advantage of these services. They have arranged some very impressive rebate numbers with some of the largest, and most reputable Forex brokers in the marketplace. Here are the list of current brokerages being offered to the community:
- Fort Financial Services
- Nord FX
- Fidelis Capital Markets
The community feedback for the Pip Rebate service is very positive. On FPA, there are 30 reviews, and every single one of them is giving them 5 star feedback. There is one recent review from 2018, and then the rest of the reviews range from 2011 to 2016, with the majority of the feedback coming in 2013. That doesn’t mean that this service is is still viable, it just means that they were at their most popular a few years ago. This makes sense, considering the look of the website aesthetic. Here are a couple of the most recent reviews.
At this point in time, I see no negative aspect to the Pip Rebate service, outside of their website design. That being said, I don’t see the website design being a large enough issue, that we should rule out this service at all. They’ve been providing rebate programs to the Forex community for over 10 years, and they’ve managed to keep a clean and solid reputation during this process. If you are looking to get a little cash back from your brokerage, I see no reason why you should avoid this service.
If you have anything you would like to contribute to the review, please provide your experiences below the article now. Thank you for stopping by, and have a wonderful weekend away from trading.