In the exciting world of forex trading, every edge matters. One significant advantage that traders can leverage is a Forex Rebate Program, a system that grants cashback on trades, helping to reduce overall trading expenses.
This comprehensive guide will navigate the industry’s top Forex Rebate Programs. These programs have been handpicked for their reliability, diversity of offerings, and the competitive edge they provide traders through their rebate schemes.
In this in-depth guide, you can read about the following:
- ✅ Introduction to Forex Rebates
- ✅ 10 Best Forex Rebate Programs Compared
- ✅ The 10 Best Forex Rebate Programs
- ✅ The Best Forex Brokers
- ✅ Our Final Thoughts on Forex Rebate Programs
- ✅ Forex Rebates FAQ
And lots more…
10 Best Forex Rebate Programs Compared
| 🔎 Broker | 💴 Minimum Deposit | 💵 Maximum Rebate | 📌 Affiliate Program |
| 🥇 Exness | $10 | Up to $100 | ✅ Yes |
| 🥈 AvaTrade | $100 | Up to 20% commission / 0.35 pips | ✅ Yes |
| 🥉 HFM | $5 | Up to $4 | ✅ Yes |
| 🏅 Pepperstone | $100 | Up to 0.3 pips/ 12.8% commission | ✅ Yes |
| 🥇 Tickmill | $100 | Up to $7.75 per lot/ $1.55 per lot and a 5% commission reduction | ✅ Yes |
| 🥈 XM | $5 | Up to $15 | ✅ Yes |
| 🥉 IC Markets | $200 | Up to 0.3 pips, $1.25, or 21.5% commissions | ✅ Yes |
| 🏅 FXTM | $10 | Up to $5 /25% commissions | ✅ Yes |
| 🥇 FP Markets | AUD$ 100 | 0.3 pips/25% commissions | ✅ Yes |
| 🥈 OANDA | $0 | Up to $1 | ✅ Yes |
Best Forex Rebate Programs – 5 Key Point Quick Overview
- ✅ Introduction to Forex Rebates
- ✅ The 10 Best Forex Rebate Programs
- ✅ The Best Forex Brokers – Overall
- ✅ Our Verdict – Forex Rebate Programs
- ✅ Forex Rebates Frequently Asked Questions
Introduction to Forex Rebates
What are Forex Rebates?
Forex rebates, also known as cashback, refer to money that traders can earn back for each trade they make with a broker. This is a key element of cost-saving in forex trading and serves as an incentive for traders.
Importance of Forex Rebate Programs
Forex Rebate Programs can significantly reduce trading costs, thereby increasing potential profitability. This is why they are an important factor when choosing a forex broker.
The 10 Best Forex Rebate Programs
Here is an overview of the 10 Best Forex Brokers that provide Forex Rebate Programs. In this breakdown, we provide an Overview of the Forex Broker, the Rebate Features on offer, plus the Pros and Cons.
Exness
Exness’ rebates program offers a unique opportunity for partners in the Introducing Brokers Program to provide rebates to their referred clients.
With this program, partners can choose to pay back a portion of their rewards to their clients, even up to 100% if desired. In addition, partners have full control over which referred clients receive rebates and at what rate.
Managing rebates is made easy through the Personal Area, where partners can set up, approve, and reject rebates.
| 🔎 Exness Account | 🥇 Standard Account | 🥈 Standard Cent Account | 🥉 Raw Spread Account | 🏅 Zero Account |
| 📉 Forex | 20% of the spread | 20% of the spread | Up to $100 p/lot | Up to $100 p/lot |
| 📈 Indices | 20% of the spread | N/A | Up to $2.75 p/lot | Up to $2.75 p/lot |
| 📊 Cryptocurrency | 20% of the spread | 20% of the spread | Up to $9 p/lot | Up to $9 p/lot |
| 💎 Precious Metals | 20% of the spread | 20% of the spread | Up to $16.25 p/lot | Up to $16.25 p/lot |
| 💡 Energies | 20% of the spread | 20% of the spread | Up to $16.25 p/lot | Up to $16.25 p/lot |
| 📌 Shares | N/A | N/A | Up to $9 p/lot | Up to $9 p/lot |
Payment Frequency:
- ✅ Payments are made directly to the trading account daily
- ✅ A monthly cashback is available from Exness
Exness Pros and Cons
| ✅ Pros | ❎ Cons |
| Offers an attractive rebates program | Those with active bonuses are not eligible for rebates |
| Well-regulated in several regions | There are several restrictions, and social trading accounts do not qualify for rebates |
AvaTrade
The AvaTrade Rebates program offers cashback incentives based on your trading volume. Therefore, as your trading volume increases, so does your cashback.
In addition, AvaTrade offers traders cashback rebates on their Retail Account, providing up to 20% or 0.35 pips per standard lot traded on MetaTrader 4 across various asset classes.
Furthermore, you can easily track your cashback in real-time on your dashboard, and rebates are paid monthly.
| 🔎 AvaTrade Account | 🥇 AvaTrade MT4 Spread Rebates | 🥈 AvaTrade MT4 Pip Rebates |
| 📉 Forex | 20% | 0.35 pips |
| 📈 Indices | 20% | 0.35 pips |
| 🪙 Cryptocurrency | 20% | 0.35 pips |
| 💍 Precious Metals | 20% | 0.35 pips |
| 💡 Energies | 20% | 0.35 pips |
| 📊 Shares | 20% | 0.35 pips |
| 🅰️ ETFs | 20% | 0.35 pips |
| 🍎 Soft Commodities | 20% | 0.35 pips |
| 📌 Bonds | 20% | 0.35 pips |
Payment Frequency:
- ✅ AvaTrade offers a monthly cashback
AvaTrade Pros and Cons
| ✅ Pros | ❎ Cons |
| The clients receive cashback rebates of up to 20%/0.35 pips depending on their trading volume | Traders from the European Union, New Zealand, Israel, and Hong Kong are not eligible for rebates |
| AvaTrade is well-regulated worldwide, and client funds are secure | Margin utilized with bonus funds not allowed |
| AvaTrade rebates can reduce transaction costs | Japan FSA and Israel ISA-registered clients cannot earn rebates |
| AvaTrade pays rebates across several asset classes | The release of commissions is contingent upon reaching a total income threshold that is greater than any bonus amount |
HFM
HFM offers traders a compelling rebates program, including a 100% Supercharged Bonus and Supercharged rebates.
In addition, traders can enjoy trading flexibility without restrictions on pips or time. Daily rebates are automatically calculated and directly deposited into the traders’ accounts at 2 am server time.
Furthermore, the rebate value is based on the USD pip value of the relevant Forex product, with successful Forex lot transactions of 0.2 lots or more qualifying for rebates. The volume traded determines the Forex and gold rebates provided once the transaction is closed.
| 🔎 HFM Account | 🥇 Premium Account | 🥈 Zero Account | 🥉 Premium PAMM | 🏅 Premium Plus PAMM |
| 📉 Forex | $4 per lot | $1.50 per lot | $1 | $1 |
| 📈 Indices | $0.50 per contract | N/A | $0.25 per contract | $0.25 per contract |
| 🪙 Cryptocurrency | N/A | N/A | N/A | N/A |
| 💍 Precious Metals | $4 per lot | N/A | $1 per lot | $1 per lot |
| 💡 Energies | $0.50 per contract | N/A | $0.25 per contract | $0.25 per contract |
| 📊 Shares | $0.50 per contract | N/A | $0.25 per contract | $0.25 per contract |
Payment Frequency:
- ✅ All rebates over $5 are paid directly to the HFM Trading Account
- ✅ There is a monthly cashback offered
HFM Pros and Cons
| ✅ Pros | ❎ Cons |
| Availability of Supercharged Bonus and Supercharged refunds | Accounts registered with the Seychelles HFM entity do not qualify for rebates |
| No pip or time restrictions for rebates | Residents of Portugal and France are not eligible for rebates |
| Rebates are automatically calculated and directly sent to the trading account | Deals involving margins from bonus funds do not qualify for rebates |
| Volume traded determines Forex and gold rebates | HFM’s Social Accounts, PAMM Managers, Hedges, and UK Share trades are not eligible for rebates |
| Rebates are provided after a transaction is closed | Open positions with less than one minute duration are ineligible for refunds |
| Flexibility to accumulate rebates up to a maximum of $8,000 | Rebates are only paid in USD |
Pepperstone
Pepperstone’s rebates program, specifically the Active Trader Program, offers attractive benefits for traders worldwide. Qualified traders can enjoy forex cash rebates and reduced trading commissions by engaging in FX trading.
The rebate amount is based on monthly trading volume, with higher volumes resulting in larger rebates.
The program consists of three tiers, each with its qualifying trading volume and corresponding rebates per Forex lot traded. In addition, our research shows that rebates are paid daily and deposited directly into the trader’s account upon closing a position.
| 🔎 Pepperstone Account | 🥇 Standard Account | 🥈 Razor Account |
| 📊 Forex | Forex Majors – 0.24 pips Forex Minors – 0.30 pips | 12.857% of commissions paid |
Payment Frequency:
- ✅ Monthly Cashback Offered
- ✅ Daily rebates paid directly to the trading account
Pepperstone Pros and Cons
| ✅ Pros | ❎ Cons |
| Traders can earn lucrative rebates from Pepperstone | Several regions cannot earn rebates |
| Traders can earn regular income from rebates | Traders can only earn forex rebates |
| Traders can save on trading costs with Pepperstone | Rebates are only paid in USD |
Tickmill
Tickmill offers a rebates program that rewards the loyalty of its valued clients with competitive cash rebates based on their trading activity. Traders can benefit from some of the industry’s most attractive rebates, which can be withdrawn or used for new trades.
To qualify for the rebates, clients must meet specific trading volume thresholds in forex trading each month, categorized into three tiers with increasing rebate amounts per lot traded.
| 🔎 Account | 🥇 Classic | 🥈 ECN Pro | 🥉 VIP |
| 📉 Forex | $7.75 per lot | $1.55 per lot + 5% commission reduction | $1.55 per lot |
| 📈 Precious Metals | $7.75 per lot | $1.55 per lot | $1.55 per lot |
Payment Frequency:
- ✅ Tickmill pays cashback monthly
Tickmill Pros and Cons
| ✅ Pros | ❎ Cons |
| Tickmill automatically pays rebates by the 12th of every month | Rebates are not offered to traders registered through CySEC, FSCA, or FSA |
| Traders can earn based on their trading volume | There are only two instruments that qualify for rebates |
XM
XM’s rebates program, specifically the XM Partner Program, offers affiliate partners and introduces brokers (IB) to a transparent and effective method for attracting clients and earning commissions.
Through the program, partners can set up their payment plans and provide cashback rebates to traders based on their trading activity. Furthermore, our research shows that commissions and client rebates are paid twice weekly without additional fees.
| 🔎 XM Account | 🥇 Micro Account | 🥈 Standard Account | 🥉 Ultra-Low Account |
| 📉 Forex | $5.5 per lot | $5.5 per lot | Up to $7.50 per lot |
| 📈 Indices | Up to $2.65 per lot | Up to $2.65 per lot | Up to $2.65 per lot |
| 🪙 Cryptocurrency | Up to $15 | Up to $15 | Up to $15 per lot |
| 💡 Energies | Up to $6.50 per lot | Up to $6.50 per lot | Up to $6.50 per lot |
| 📊 Shares | Up to $3.33 per lot | Up to $3.33 per lot | Up to $3.33 per lot |
| 🍎 Soft Commodities | Up to $7.50 per lot | Up to $7.50 per lot | Up to $7.50 per lot |
Payment Frequency:
- ✅ Payments are made to the XM MyWallet twice weekly
- ✅ There is monthly cashback available
- ✅ There are real-time reports
XM Pros and Cons
| ✅ Pros | ❎ Cons |
| Traders can earn rebates across account types and financial instruments | European and Australian traders do not qualify for rebates |
IC Markets
IC Markets provides a rebate program to its clients, allowing them to earn back a percentage of their trading profits. Along with this program, clients can enjoy various benefits such as access to popular and liquid markets, a wide range of products, platforms, and account types.
IC Markets Raw Traders also have the option to utilize a virtual private server, enabling them to optimize their trading strategies in favorable trading conditions. In addition, the rebate program and additional advantages offered by IC Markets enhance the trading experience for its clients.
| 🔎 IC Markets Account | 🥇 Standard Account | 🥈 Raw Spread Account | 🥉 cTrader Raw Account |
| 📉 Forex | Forex Majors – 0.2 pips Forex Minors – 0.3 pips | 21.50% of commissions paid | $0.6 per 100K USD Traded |
| 📈 Indices | Up to $1.25 per lot | Up to $1.075 per lot | $0.6 per 100K USD Traded |
| 🪙 Cryptocurrency | Up to $0.5 per lot | Up to $0.43 per lot | $0.6 per 100K USD Traded |
| 💎 Precious Metals | 0.30 pips | 21.50% of commissions paid | $0.6 per 100K USD Traded |
Payment Frequency:
Standard Account
- ✅ Spread Reduction offered
- ✅ Monthly Cashback
- ✅ Real-Time Reports
Raw Spread and cTrader Raw Accounts
- ✅ Commission reductions apply
- ✅ Traders get Monthly Cashback
- ✅ Real-Time Reports offered
IC Markets Pros and Cons
| ✅ Pros | ❎ Cons |
| IC Markets offers real-time reporting on cashback | Traders who register through CySEC, SCB, and ASIC are not eligible for rebates |
| Traders can expect spread or commission reductions | Traders who reside in Cyprus are not eligible for rebates |
FXTM
FXTM’s rebate scheme assigns traders into one of five tiers based on their net deposits within the first six months of registration. Furthermore, our research shows that each tier has distinct parameters for rebates per lot, transfer frequency, pay-out cap, and trading requisites.
Under the existing conditions, the aggregate payout across all tiers is capped at $10,000. FXTM reserves the right to lower a client’s tier if rules are breached, although their trading balance and net deposit will not be affected.
| 🔎 FXTM Account | 🥇 Micro | 🥈 Advantage | 🥉 Advantage Plus |
| 📉 Forex | $5 per lot traded | 25% of commissions paid | $5 per lot traded |
| 📈 Indices | $5 per lot traded | 25% of commissions paid | $5 per lot traded |
| 💎 Precious Metals | $5 per lot traded | 25% of commissions paid | $5 per lot traded |
| 📊 Shares | N/A | 10% of the spread | 10% of the spread |
| 🍎 Soft Commodities | $5 per lot traded | 25% of commissions paid | $5 per lot traded |
| 🟣 Spot Indices | 10% of commissions paid | N/A | N/A |
Payment Frequency:
- ✅ FXTM pays cashback monthly
FXTM Pros and Cons
| ✅ Pros | ❎ Cons |
| Traders can earn rebates across asset classes | FXTM has strict and extensive terms relating to rebates |
| FXTM pays lucrative rebates to eligible traders | Traders with FSCA and CySEC accounts are not eligible for rebates |
FP Markets
FP Markets offers a rebate program where clients can receive a portion of the transaction fee on every trade. This results in a reduced spread, potentially increasing success rates for traders.
By linking a new or existing forex trading account to FP Markets, clients are compensated with a portion of their broker’s spread or commission profit for each trade they execute.
Furthermore, in our experience, the rebates program allows clients to earn additional benefits and enhance their trading experience with FP Markets.
| 🔎 FP Markets Account | 🥇 Standard Account | 🥈 Raw Account |
| 📈 Forex | 0.3 pips | 25% of commissions paid |
| 💎 Precious Metals | 0.3 pips | 25% of commissions paid |
Payment Frequency:
- ✅ Spread reduction is offered on the Standard Account
- ✅ Commission reduction is offered on the Raw Account
- ✅ FP Markets offers monthly forex cashback to traders
FP Markets Pros and Cons
| ✅ Pros | ❎ Cons |
| Traders can earn spread or commission reductions with FP Markets | Traders who register through CySEC are not eligible for rebates |
| Traders can expect monthly pay-outs | Only professional traders who register via the ASIC entity will qualify for rebates |
| Traders can access some of the best trading tools on the FP Markets website | FP Markets restricts several countries from its services |
OANDA
In recent updates, OANDA has enhanced its Advanced Trader loyalty program by introducing cash incentives for clients who engage in high trading volumes. Advanced account holders can earn up to $15 per million in rebates based on deposits and monthly trading activities.
Additionally, clients utilizing OANDA’s core pricing model can significantly reduce their commission fees by as much as $15 per million, granting them exceptional flexibility in their trading journey.
Furthermore, these updates provide OANDA clients with enhanced earning potential and greater control over their trading costs.
| 🔎 Oanda Account | 🥇 MT4 | 🥈 FxTrade |
| 📊 Forex | 1 USD per Standard Lot traded | 1 USD per Standard Lot traded |
Payment Frequency:
- ✅ Monthly Cashback
Oanda Pros and Cons
| ✅ Pros | ❎ Cons |
| Traders can expect a tiered approach to OANDA’s rebates program | Traders must deposit at least $10,000 to be eligible for rebates |
The Best Forex Brokers – Overall
In this article, we have listed the best brokers who offer trading solutions and opportunities to traders. In addition, we have further identified the brokers that offer additional services and solutions to traders.
Best MetaTrader 4 / MT4 Forex Broker
Overall, Pepperstone is the best MT4 Forex Broker. In addition, the MetaTrader and cTrader platforms from Pepperstone are ideal for algorithmic and copy traders.
Furthermore, Pepperstone provides many easily accessible third-party tools and plugins, further expanding the already impressive range of platforms available.
Best MetaTrader 5 / MT5 Forex Broker
Overall, XM is the best MetaTrader 5 / MT5 Forex Broker. XM traders can access a wide range of major, minor, and exotic forex pairs. Furthermore, traders can expect some of the best trading conditions when using MetaTrader 5.
MetaTrader 4 and MT5 are XM’s trading platforms, and traders have access to over a thousand different types of financial instruments.
Best Forex Broker for Beginners
Overall, MTrading is the best Forex Broker for beginners. Since its inception in 2012, MTrading has grown its global network of over ten sites to serve over 250,000 traders and 5,000 partners.
MTrading offers educational materials and video tutorials to new traders. They also host webinars to provide students with hands-on experience.
Best Low Minimum Deposit Forex Broker
Overall, HFM is the best Low Minimum Deposit Forex Broker. HFM is a well-regulated Forex and Forex Broker with some of the lowest fees in the industry.
Traders can open an account with a minimum deposit of $5 and spreads from 0.0 pips on more premium accounts. Furthermore, HFM provides leverage of up to 1:1000, making it easier for traders to start trading thousands of CFDs listed on major exchanges.
Best ECN Forex Broker
Overall, OctaFX is the best ECN Forex Broker. OctaFX is an NDD broker that provides STP and ECN execution and pricing from the industry’s most reputable liquidity providers.
As a result, traders can expect spreads on major instruments such as the EUR/USD to begin at 0.0 pips across all exchanges.
Best Islamic / Swap-Free Forex Broker
Overall, OANDA is the best Islamic / Swap-Free Forex Broker. Muslim traders who want to take advantage of halal trading options and competitive trading conditions can easily open an account with OANDA.
Traders will also have access to powerful trading platforms such as MetaTrader and the OANDA platform.
Best Forex Trading App
Overall, eToro is the best Share trading app. eToro is a top broker in the industry and a popular social trading platform, with access to over 3,000 different assets.
In addition, traders can trade on the go thanks to eToro’s innovative iOS and Android apps.
Best Forex Rebates Broker
Overall, FP Markets is the Best CFD Rebates Broker. Traders who invest in Forex or precious metals through FP Markets can receive rebates of up to 0.3 pips on their Standard Account trades.
Furthermore, Raw Account holders receive 25% of all forex and metals commissions.
Best Lowest Spread Forex Broker
Overall, Tickmill is the best lowest spread Forex Broker. In addition, Tickmill offers dynamic Classic and Pro accounts, as well as commission-based pricing for professionals through its VIP account.
Tickmill’s account opening process is also quick, and traders can begin trading with a $30 no-deposit bonus once account verification is complete.
Best Nasdaq 100 Forex Broker
Overall, Exness is the best Nasdaq 100 Forex Broker. Exness’ more than 476,000 registered traders and 24-hour customer service are available to traders trading the Nasdaq 100.
Exness trading accounts have zero-pip spreads and low fees, and the firm supports MetaTrader 4 and MetaTrader 5.
Best Volatility 75 / VIX 75 Forex Broker
Overall, AvaTrade is the best Volatility 75 / VIX 75 Forex Broker. For the past 17 years, AvaTrade has served traders of all skill levels.
AvaTrade is also one of the few STP and Market Maker brokers that offer Volatility 75. As a result, traders who use MetaTrader or AvaTrade can rest assured that the spreads on this instrument are among the lowest in the industry.
Best NDD Forex Broker
Overall, SuperForex is the best NDD Forex Broker. SuperForex offers traders over 400 instruments and the option of STP or ECN accounts.
These accounts not only have some of the lowest commission rates in the industry, but they also have lower spreads.
Best STP Forex Broker
Overall, Libertex is the best STP Forex Broker. Libertex allows you to trade CFD instruments from global corporations. Furthermore, the Libertex, MT4, and MT5 trading platforms currently have 3 million users, making them a trusted option for traders.
Libertex aggregates pricing from some of the top liquidity providers and ensures that all trades are completed in milliseconds or less.
Best Sign-up Bonus Forex Broker
Overall, InstaForex is the best share trading sign-up bonus broker. A $1,000 no-deposit bonus is available to traders who open trading accounts.
In addition, a trader can use the online promotional form to verify their account after completing the account opening process.
Our Verdict – Forex Rebate Programs
Forex rebate programs can benefit traders who maximize their earnings and reduce trading costs. By participating in these programs, traders can receive cash incentives or rebates based on their trading volumes and activities.
These programs can provide an additional income source and potentially improve traders’ profitability. First, however, it is essential to carefully review the terms and conditions of each rebate program, including eligibility criteria, minimum trading volumes, and any restrictions or limitations.
However, we urge traders to consider their trading style and preferences to determine if a rebate program aligns with their goals.
Ultimately, forex rebate programs can be a valuable tool for traders, but it is important to conduct thorough research and choose programs that best suit their needs.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. This evaluation comprises positives, disadvantages, and an overall score based on our findings. We want to assist you in locating the ideal broker for your requirements. Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Forex Rebates Frequently Asked Questions
What are Forex Rebates?
Forex rebates, also known as forex cashback, is a service offered by some forex brokers that allows traders to get a cashback or refund on their trades. It is a way for traders to save on trading costs and can be a significant source of extra income for high-volume traders.
How can I get Forex Rebates?
You can get forex rebates by signing up with a forex broker that offers a rebate program. Once you have opened an account and started trading, a portion of the spread or commission you pay on each trade will be returned to you as a rebate.
What are the best Forex Rebate Programs?
The best forex rebate programs offer competitive rates, reliable payments, and a good reputation in the industry. Some top forex brokers with rebate programs include Exness, AvaTrade, Pepperstone, and XM, among others.
How does Forex Trading with Rebates work?
When trading with rebates, a part of the transaction cost (spread or commission) is returned to the trader after the trade is closed. This is usually facilitated through a forex rebate service or directly by the broker.
Are Forex Rebate Strategies Effective?
Yes, forex rebate strategies can be an effective way to reduce trading costs and improve profitability. However, it is important to remember that rebates should not be the sole basis of your trading strategy. They are a bonus rather than a strategy in and of itself.
