Frequently Asked Questions
Answer all of your questions
As an introducing partner, we’ll assist you in opening trading accounts with brokers listed on our website. For each trade placed by you, the broker pays us a commission. We rebate you up to 0.3 pips on every round turn trade.
To receive rebates, follow these 4 steps:
- Sign up for an account with Forest Park FX.
- Open a trading account with one of our brokers.
- Start trading.
- Receive rebates.
Note: To ensure all necessary documents are provided and compliance checks are performed, follow our instructions when opening an account. We can only pay you rebates if we’re listed as the introducing broker.
Yes. We’re registered with the Commodity Futures Trading Commission and are an Independent Introducing Broker member of the National Futures Association (ID#: 0457189). Feel free to verify our status on the National Futures Association’s website.
Generally, rebates are calculated by multiplying the broker’s rebate rate by volume of trading. For instance, if your average daily volume is 1,000,000 (or 10 standard lots) and the rebate rate associated with your broker is 0.3 pips, then you would accrue rebates of $30 per day.
Absolutely not! We provide you the same competitive pricing, spreads, and trading experience you would experience directly with the broker. And we offer you the added benefit of cost-saving rebates.
Brokers usually provide monthly commission statements by the 15th day of the following month. When we receive these statements, we calculate your rebates and update your account. We send out rebates within a few days (no later than the 25th of the following month). We make every effort to process rebates as soon as possible.
|End of Trading Month||March 31st|
|Commission Statements received from Broker||April 15th|
|Rebates Calculated and Paid||April 25th|
Rebates are typically paid via a physical check or through Chase QuickPay.
It’s a completed trade. For example, if you buy $100,000 USD/JPY and then sell $100,000 USD/JPY, that’s one round turn.
Yes. You will receive rebates regardless of whether you made or lost money on a trade.
In many cases, the broker may allow you to amend the account to recognize Forest Park FX as the introducing broker. Or, the broker may allow you to open a new account with us as the introducing broker. We can assist you with this.