One-stop shop for financial trading rebates launched

Launched this year, www.traderrebate.com refunds its members a portion of all trading charges paid to its participating brokers, regardless of the profit or loss on their trades. It’s free to register for the service and takes less than a minute to make a claim.

TraderRebate.com’s holding company earns revenue based on its members trading activity with a number of regulated brokers. Most of that revenue is then passed back to its members in the form of a rebate.

The website’s founder, Alasdair Woodman, came up with the idea when working on referral agreements at a broker in London.

Woodman says:

“We were paying a lot of commission to introducers for their business but the traders themselves were rarely seeing any of it.

"When I researched the market, there wasn’t really a substantial offering for rebates to retail and professional traders and I couldn’t find anywhere where I felt completely comfortable submitting my personal details.

"The mission of TraderRebate.com is to provide the home of competitive offers for financial trading rebates where our members can save money and time with peace of mind.”

Woodman, a former Risk Manager, believes that what makes TraderRebate.com unique from other cashback sites is that customers are given their product for free.

He says:

“If you purchase an item from a cashback site, you buy the item and any cash that you get back is a bonus. Traders trade to make a profit and we are adding to that bottom line profit for free.”

TraderRebate.com also provides each new registered user with his or her own unique link to refer other traders.

Members are eligible to receive an additional 10% of the value of all their referrals’ rebates for the lifetime of their referrals’ accounts and are, therefore, potentially able to earn lucrative income streams without having to trade themselves.