TradeBack
tradeback is a commonly used term to describe ‘cashback’ loyalty schemes used in financial markets such as: spread betting, cfd trading and forex trading.
the concept is based on the ‘stake x spread/margin’ for each trade, and a rebate (usually between 5% & 15%) is paid to the customer one month in arrears.
e.g. stake (£2/pip) x spread (5 pips) = £10 bet. on a 10% tradeback deal = £1 cashback or tradeback goes to the customer.
anytime somebody makes a trade they have qualms about they tend to do a tradeback in which they get back what they’d initially traded.
“i don’t want these cards anymore, let’s tradeback.”
“f-cking noob.”
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