The broker established in 2005, LiteForex, launched the Pips Back program, which provides rebate spreads of up to 35 percent to its clients after every trade. Funds obtained from the Pips Back program can be freely used by clients, whether to withdraw or use them for trading again.

Traders can get spread rebates from the Pips Back program every time they trade at LiteForex, just by joining LiteForex VIP club members. Rebates earned depend on the VIP club status, as in the conditions below:

• Bronze earns 0.3 pips per lot traded
• Silver earns 0.3 pips per lot traded
• Gold earns 0.3 pips per lot traded
• Platinum earns 0.3 pips per lot traded
• Elite earn 0.3 pip per lot traded

Register with the LiteForex VIP club to get the rebate, deposit 500 US dollars, and activate the PIPSBACK promo code in your trading account. The promo code is valid up to 30 days after activation and is for Cent and Classic LiteForex accounts. Rebates will be immediately credited to the client's trading account after trading a minimum of 3 pips, and there is no limit to the number of rebates that will be given.

The rebate program is indeed rife among forex brokers as a promotional tool that traders like because traders can always get rebates when their trades are successful or when they lose. Not only LiteForex, brokers InstaForex, FBS, and FXOptimax are also among the brokers who distribute rebates to their traders.

If you are interested in LiteForex's rebate program, click here for more detailed information about LiteForex's Pips Back program.