Backcom is short for Back Commission, a trading fee rebate program applied by forex brokers to traders through the broker’s IBs (Introducing Brokers).
Backcom MTrading is simply the backcom program of MTrading forex broker. With Backcom MTrading, traders trading on the platform will receive a rebate on a portion of their trading costs (spread + commission) through the IB that the trader is linked with.
If you register to receive backcom MTrading through Backcom101.io, traders will receive the maximum backcom rate, up to 100% of the commission that the IB receives from the broker.
For example, a trader places a buy order of 1 lot EUR/USD on an M.Premium account, the trader must pay the broker $13 in spread fees (the average spread of EUR/USD is 1.3 pips). For instance, MTrading pays Backcom101.io a commission of 60% of the spread fee, which is $7.8. Backcom101.io will rebate 100% to the trader, meaning the trader will receive $7.8 in backcom. Thus, the actual trading fee paid for this buy order is only $5.2
Why should you receive backcom MTrading?
Instead of paying up to $13 in trading fees for a 1 lot EUR/USD buy order on an M.Premium account, you only pay $5.2, saving up to 60% in fees, which is not a small amount. If you trade with large volumes, the accumulated backcom will be a significant amount of money. This is the most obvious benefit of backcom MTrading. With this backcom money, you can reinvest capital for trading or withdraw it at any time.
Moreover, setting up backcom does not affect any other trading issues, does not affect order execution, pricing, or account security, so you can rest assured when setting up backcom.
And most importantly, whether you trade at a profit or loss, you still receive backcom. Therefore, there is no reason for you to refuse to receive backcom if you are committed to long-term trading.
How to register to receive 100% backcom MTrading
If you are a new trader who has not yet traded on MTrading broker, you must open an MTrading account, then trade to receive backcom.
Case 1: Opening a new MTrading account.Step 1: Click on the MTrading account registration link from Backcom101.io. If you go directly to MTrading’s website to open an account, your account will automatically be linked with a random IB, which may not apply a backcom program or may have a low backcom rate. Therefore, you should click on Backcom101.io’s registration link to open an account.
Step 2: On MTrading’s homepage, click the Register button
Step 3: Use your email to create an account and continue with the account registration steps according to the instructions.
Step 4: On your MTrading personal account page, click on Verify Account. Prepare your identification documents to complete the verification steps according to the instructions.
Step 5: Open a trading account and deposit money into the account
Step 6: Trade and receive backcom daily.
From this point on, no matter how many trading accounts you open, all of those accounts will automatically be connected to Backcom101.io and will receive backcom if trading occurs.
In case you already have an MTrading account and are trading but have not received backcom, you can contact the broker directly or contact the Backcom101.io team via zalo number: 089.846.6895 to switch your IB to Backcom101.io and receive 100% backcom MTrading.
Mechanism for receiving 100% backcom MTrading
After registering to receive 100% backcom MTrading with Backcom101.io, if trading occurs on your account, MTrading will pay commission on your trading fees to Backcom101.io. Backcom101.io will rebate 100% of the commission received to you. Currently, Backcom101.io is the highest-level IB of the broker, Diamond level, therefore, the commission that Backcom101.io receives is the highest. Specifically as follows:
All Price and M.Premium accounts: 60% of spread fees
M.Pro account: 80% of spread fees + commission
Backcom will be rebated to the account/wallet the next day if trading occurred on the trader’s account the previous day.
