Frequently Asked Questions
Answer all of your questions
As an introducing broker, Forest Park FX and its team of experienced professionals will assist you in opening trading accounts with the brokers listed on our website. For each trade placed by you with one of these brokers, the broker pays Forest Park FX a commission. In our effort to help you Go Green, we then rebate back to you up to 90% of that commission.
To begin receiving rebates, all you need to do is follow these 4 steps:
- Sign up an account with Forest Park FX
- Open a trading account with one of our brokers
- Start trading
- Receive rebates
Remember to follow Forest Park FX’s instructions when opening your trading account. This will ensure that all of the necessary account documents are provided, all compliance checks are performed and that the broker recognizes Forest Park FX as the introducing party. If your account is opened and we are not listed as the Introducing Broker we will not be able to pay you rebates on your trading.
Generally speaking, rebates are calculated by multiplying the Rebate Rate of a particular broker by the 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 0.7 pips, then you would accrue rebates of $70 per day.
Absolutely not! At Forest Park FX, our number one goal is help you Go Green. One way we do that is by offering you the same pricing feeds, spreads and trading experience you would otherwise receive with the added benefit of rebates, which can significantly reduce the cost of your trading.
Brokers typically provide monthly commission statements by the 15th day of the following month. Once we have these statements, we will calculate your rebates, update your account profile and send out your rebates within a few days, but no later than the 25th day of the following month. In the event we can calculate and process your rebates sooner, we will do so.
|End of Trading Month||March 31st|
|Commission Statements received from Broker||April 15th|
|Rebates Calculated and Paid||April 25th|
Currently rebates are paid via a bank check or a paypal deposit. With some brokers, however, we can also deposit your rebates directly into your trading account. If you would like to receive your rebates in some other way, please contact us and we will be happy to work with you.
You can select your preferred method of payment when signing up for an account with Forest Park FX.
In the event you disagree with the amount of your rebate, please feel free to contact us. We are happy to take another look and will immediately correct any mistake.
A round turn lot is a completed trade. For example, if you were to buy $100,000 USD/JPY and then sell $100,000 USD/JPY, that would be one round turn.
Yes. You will receive rebates regardless of whether you made or lost money on a trade.
In many cases, the brokers will allow you to amend your account so that it recognizes Forest Park FX as the introducing broker or allow you to open a new account. One of our Forest Park FX professionals will be happy to assist you in this process.