Myfxbook, an FX portal and widely utilized forum, has launched its new forex rebate service, tapped PAYBACKFX, which helps securely back all withdrawals, whilst redistributing rebates garnered from trades via brokers, according to a Myfxbook statement.

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PAYBACKFX has already secured the services of six brokers, targeting the inclusion of additional companies in the near future – this includes MaxFX, Pepperstone, IC Markets, Tickmill, Sensus Capital, and ThinkForex (TF).

The new real-time service will specifically cover all withdrawal fees when withdrawing to PayPal accounts, along with the provision of complete reports on each and every rebate paid. PAYBACKFX will also help reimburse each trader with respective rebates, which can be viewed by accessing the following link.

The fundamental aim of the new service is to foster support between traders and Myfxbook, which will help offer the most transparent and timely withdrawals. Along with the new launch of PAYBACKFX, Myfxbook will also give away an aggregated $1.0 million bonus, including a $10 bonus for each account connected to the new utility – the new promotion supports an unlimited number of accounts, however the promotion is limited to the first 100,000 accounts.