4 Best USA Forex Rebate Programs

 

As a thriving hub of forex trading, the United States offers various rebate programs to provide traders with cost-saving opportunities.  This article delves into the top 4 US Forex rebate programs, their unique features, benefits, and how they can help reduce trading costs and enhance your profitability.

 

We’ll take you through an in-depth analysis, ensuring you have all the information you need to choose the right program that aligns with your trading needs. In this in-depth guide, you’ll learn about the following:

 

  • ✅ The 4 Best Forex Rebate Programs in the US
  • ✅ How to Maximise Your Forex Rebates
  • ✅ Navigating the Limitations – US Traders and International Markets
  • ✅ The Best Forex Brokers (Internationally)
  • ✅ Our Final Thoughts on US Forex Rebates
  • ✅ US Forex Rebates FAQ

 

 

And lots more…

 

The 4 Best Forex Rebate Programs in the US

 

OANDA

 

OANDA Corporation is a highly regarded forex broker, recognized for its credibility and commitment to providing clients with competitive spreads across various forex pairs.  With a comprehensive selection of 70 currency pairs, including major and minor options, OANDA Corporation offers traders ample opportunities to participate in the global forex markets.

The company prides itself on offering a variety of trading platforms to cater to diverse trading preferences, including the award-winning OANDA Trade platform and the widely respected MetaTrader 4 platform favored by forex traders worldwide.

As a regulated broker, OANDA Corporation significantly emphasizes protecting its clients and adheres to stringent regulatory standards. Furthermore, it operates as a registered Futures Commission Merchant and Retail Foreign Exchange Dealer authorized by the Commodity Futures Trading Commission (CFTC).

Moreover, as a member of the National Futures Association (NFA) with membership number 0325821, OANDA Corporation demonstrates its commitment to upholding industry best practices and ensuring the integrity of the retail trading industry.

With its extensive range of forex pairs, diverse trading platforms, and commitment to regulatory compliance, OANDA Corporation is a reputable choice for traders seeking to participate in the forex markets.

 

OANDA Overview

 

Oanda Forex Rebates Overview

 

🔎 Account🥇 MT4🥈 FxTrade
📉 Forex1 USD per Standard Lot (100,000) USD traded1 USD per Standard Lot (100,000) USD traded
💴 Payment FrequencyMonthly CashbackMonthly Cashback

 

Oanda Forex Rebates Overview

 

FOREX.com

 

Established in 2001 as a subsidiary of GAIN Capital Holdings, FOREX.com is a reputable global online broker specializing in retail foreign exchange (FX) and contract for difference (CFD) trading.  The company offers many products, including CFDs, spread betting, and futures, encompassing multiple asset classes. However, it is important to note that not all FOREX.com offerings may be available in all regions.

The provision of leveraged access to over 80 currency pairs for U.S.-based clients is one of FOREX.com’s most notable features. Different account types offer traders competitive spreads, enabling them to optimize their trading strategies.

FOREX.com is distinguished by its user-friendly website, designed to facilitate seamless navigation and simple access to services and fees that are fully disclosed. The broker offers multiple user interfaces to accommodate traders with varying preferences and needs.

In addition, FOREX.com provides a comprehensive array of education and research tools that conform to industry standards, empowering traders with the knowledge and insights necessary to make informed trading decisions.

 

FOREXcom Overview

 

Forex.com Rebates Overview

 

🔎 Account🥇 Standard Account🥈 Raw Spread Account🥉 DMA Account
📈 Forex15%/$1015%/$1015%/$10
💴 Payment FrequencyMonthlyMonthlyMonthly

 

Forex.com Rebates Overview

 

Interactive Brokers

 

Over several decades, Interactive Brokers, a pioneer in the digital brokerage industry, has established itself as a market leader. Consistently ranked among the best online brokers and the best online brokers for day traders, the company is well-known for its sophisticated trading technology.

IBKR Pro, Interactive Brokers’ premier platform, exemplifies the breadth of their expertise and is highly regarded by seasoned traders. The platform provides unparalleled functionality and sophisticated tools for seasoned investors, although it may initially appear intimidating to novices.

However, Interactive Brokers recognizes the diverse requirements of its user base and provides simplified mobile and web-based options for traders of all experience levels. This commitment to accessibility distinguishes Interactive Brokers as an excellent option for traders of all types.  Interactive Brokers empowers traders to make informed investment decisions by leveraging their comprehensive trading technology and providing various platform options.

Interactive Brokers provides a comprehensive and adaptable brokerage experience, whether you are a seasoned professional seeking sophisticated tools or a novice trader looking for a more user-friendly interface.

 

Interactive Brokers

 

Forex Rebates Overview

 

🔎 Order Type➖ Remove Liquidity➕ Add Liquidity
🅰️ Directed OrdersN/AUSD 0.0000
🅱️ Smart-Routed OrdersVariableVariable

 

Notes on Interactive Brokers’ rebates:

 

  • ✅ Rebates are in parentheses.
  • ✅ Typically, orders directed to IBKRATS that are marketable will be rejected.
  • ✅ Any rebate received from a liquidity provider for smart-routed orders that execute against that provider will be passed on to Tiered-commission customers as a rebate and to Fixed-commission customers as a commission reduction.
  • ✅ For smart-routed orders executed against an Eligible Resting Non-Marketable Order, a Tiered-commission customer will pay the venue take-fee or receive the venue take-rebate they would have paid at the exchange where the contra-side order was resting.

 

 

IB may reroute a non-marketable order to the IB Automated Trading System (ATS), which will execute against another customer’s order.

 

Forex Rebates Overview

 

IG

 

IG US LLC, a subsidiary of IG Group Holdings Plc, is a prominent player in the financial markets, enabling individuals to take advantage of opportunities through its extensive services.

While many established online forex brokers are reluctant to operate in the United States due to regulatory requirements, IG’s US presence demonstrates its commitment to serving clients worldwide.

IG US LLC provides leveraged access to more than eighty currency pairs to US clients. This extensive offering allows traders to investigate a wide variety of forex opportunities.

With a well-organized and user-friendly website, IG US LLC ensures clients can easily navigate their services and obtain comprehensive fees and offering information.  Overall, IG US LLC has a formidable presence in the US forex broker market. IG is a competitive force in the industry due to its well-organized website, transparent services, user-friendly platforms, and emphasis on client education.

 

IG 

 

IG Forex Rebates Overview

 

🔎 Threshold🅰️ Rebate Threshold per million USD Traded🅱️ IG Rebate
1️⃣ Threshold 125$5
2️⃣ Threshold 2200$7
3️⃣ Threshold 3300$10

 

IG Forex Rebates Overview

 

How to Maximise Your Forex Rebates

 

In Forex trading, every dollar counts. This is why savvy traders seek every edge, including taking advantage of Forex rebate programs.  But how can you maximize your Forex rebates? This section explores the impact of trading volume on your rebate earnings and how strategic trading can lead to bigger rebates.

 

Trading Volume and Its Impact on Rebates

 

Trading volume, which refers to the number of trades you make within a specified period, is significant in the rebates you can earn in Forex trading. A higher trading volume correlates to a higher rebate in many rebate programs. Here’s how it works:

 

  • ✅ Many Forex rebate programs operate on a volume-based system. Essentially, the more you trade, the more you earn in rebates. For high-volume traders, this can lead to substantial savings over time.
  • ✅ Even for low to medium-volume traders, increasing your trading activity (where it aligns with your trading strategy and risk tolerance) can yield more rebates. However, it is crucial not to trade more than your strategy allows you to earn more rebates.

 

 

Some rebate programs offer a higher rebate rate for traders with higher trading volumes. Choosing such a program can maximize your rebate earnings if you are a high-volume trader.

 

Strategic Trading for Bigger Rebates

 

Apart from trading volume, your trading strategy also plays a key role in maximizing your Forex rebates. Here are a few strategic considerations:

 

  • ✅ Not all currency pairs offer the same rebate. Some might have a higher rebate due to wider spreads or higher liquidity. By strategically trading these pairs, you can earn more in rebates.
  • ✅ Scalpers, who execute many trades in a short period, often benefit more from rebate programs due to their high trading volume. You could see substantial rebate earnings if your strategy aligns with this trading style.
  • ✅ The Forex market is dynamic, and so should be your trading strategy. Regularly reviewing and adjusting your strategy based on market conditions can help you maximize rebates.

 

 

Remember, while rebates can help offset some trading costs, they shouldn’t dictate your trading strategy. Always prioritize sound trading practices and risk management above potential rebate earnings.

 

How to Maximise Your Forex Rebates

 

Navigating the Limitations – US Traders and International Markets

 

In Forex trading, the United States is known for its stringent regulations. While these rules aim to protect traders, they can also pose certain restrictions that limit trading strategies and potential returns.  This section will explore these limitations in detail, examine US traders’ opportunities in international markets, and discuss effective strategies to navigate these restrictions.

 

Understanding the Limitations for US Traders

 

The financial markets in the United States are among the most heavily regulated in the world. These regulations are put in place to safeguard traders, but they also introduce certain limitations:

 

  • ✅ The FIFO rule stipulates that the first security bought must be the first one sold. This regulation can limit trading strategies, especially for those who use order staggering as part of their trading strategy.
  • ✅ In many markets, traders hedge their investments by taking simultaneous long and short positions in the same asset. However, this is not allowed in the US, which can limit risk management options for traders.

 

 

In forex trading, the leverage on major pairs is restricted to 50:1. While this may protect traders from massive losses, it also caps the potential returns they can make on their trades.

 

Trading International Markets as a US Trader

 

Even with the imposed restrictions, US traders still have opportunities to trade in international markets. Several regulated international brokers accept US traders, allowing them to access a wider range of assets.  These brokers operate from jurisdictions where trading rules are more relaxed, providing US traders with the following benefits:

 

  • ✅ International brokers often offer higher leverages than those in the US. This can increase potential returns on trades, though it is important to remember that it also increases risk.
  • ✅ Some international brokers permit hedging strategies, potentially allowing US traders to manage their risks better.

 

 

Trading with international brokers can provide access to a wider range of markets, including commodities, indices, and forex pairs not typically available to US traders.

 

Strategies for US Traders to Overcome Trading Limitations

 

While the limitations placed on US traders can be restrictive, several strategies can be employed to navigate around them:

 

  • ✅ Spreading investments across various assets and markets can help reduce risk and increase potential returns.
  • ✅ Traders can adapt their trading style to the limitations. For example, swing trading or scalping can be used to take advantage of short-term market fluctuations.
  • ✅ Forex rebate programs can help offset trading costs, making trading more profitable.

 

 

Staying informed about market trends, regulatory changes, and new trading strategies can help traders make more informed decisions and optimize their trading approach. Understanding the regulations and restrictions of any international markets where they choose to trade is also critical.

 

Navigating the Limitations - US Traders and International Markets

 

The Best Forex Brokers (Internationally)

 

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 – Axi

 

Overall, Axi is the best MT4 Forex Broker. Axi is one of the few brokers who offer MetaTrader 4 NexGen to traders. This innovative tool provides a correlation trader, intuitive terminal windows, automated trade journals, and more to MT4 traders.

 

Best MetaTrader 4 MT4 Forex Broker Axi

 

Best MetaTrader 5 / MT5 Forex Broker – AvaTrade

 

Overall, AvaTrade is the best MetaTrader 5 Forex Broker. AvaTrade’s MT5 platform offers over 1,260 instruments across markets and access to additional timeframes, built-in indicators, graphical objects, and more.

 

Best MetaTrader 5 MT5 Forex Broker AvaTrade

 

Best Forex Broker for beginners – IC Markets

 

Overall, IC Markets is the best Forex Broker for beginners. Traders can expect access to forex basics, technical and fundamental analysis, trading guides, risk management tools, and educational videos when they use IC Markets.

 

Best Forex Broker for beginners - IC Markets

 

Best Low Minimum Deposit Forex Broker – XM

 

Overall, XM is the best Low Minimum Deposit Forex Broker. XM allows traders to start trading with a minimum deposit of $5, giving them access to micro-lots, low and competitive spreads, negative balance protection, and other benefits.

 

Best Low Minimum Deposit Forex Broker - XM

 

Best ECN Forex Broker – Exness

 

Overall, Exness is the best ECN Forex Broker. Exness is known for its zero-pip spreads, no requote, and zero slippage policy. Furthermore, the Zero Account is popular among scalpers for its fast trade execution, low spreads, and deep liquidity.

 

Best ECN Forex Broker - Exness

 

Best Forex Trading App – HF Markets

 

Overall, HFM is the best Share trading app. HFM has recently revamped its iOS/Android app to include several additional features. Furthermore, traders can easily deposit, withdraw, and manage their active positions on the HF App.

 

Best Forex Trading App - HF Markets

 

Best Lowest Spread Forex Broker – FXPro

 

Overall, FxPro is the best lowest spread Forex Broker. FxPro offers competitively low spreads on cTrader (from 0.0 pips), and the low commission charges are another attractive feature, especially for those using fast-paced strategies.

 

Best Lowest Spread Forex Broker - FXPro

 

Best Nasdaq 100 Broker – FXTM

 

Overall, FXTM is the best Nasdaq 100 Forex Broker. FXTM includes Nasdaq 100 in its variety of markets. US traders can easily trade Nasdaq stocks, with spreads from 1 pip, or in the spot market under “NASDAQ 100 INDEX”, with spreads from 0.0 pips.

 

Best Nasdaq 100 Broker - FXTM

 

Best Volatility 75 / VIX 75 Broker – IG

 

Overall, IG is the best Volatility 75 / VIX 75 Forex Broker. IG allows traders to trade the Volatility Index under “VXX.US” as a Short-term Futures ETN. Furthermore, this instrument requires a 100% margin and is commission-free.

 

Best Volatility 75 VIX 75 Broker - IG

 

Best NDD Forex Broker – Interactive Brokers

 

Overall, Interactive Brokers is the best NDD Forex Broker. Interactive Brokers offers deep liquidity and some of the most reliable trade execution to US traders. Furthermore, traders can access several forex pairs via powerful and innovative IBKR trading software.

 

Best NDD Forex Broker - Interactive Brokers

 

Best STP Forex Broker – Pepperstone

 

Overall, Pepperstone is the best STP Forex Broker. Pepperstone offers the Standard Account, one of the most popular STP accounts in the market. Furthermore, with the Standard STP Account, traders can expect spreads from 0.6 pips on EUR/USD and the benefit of commission-free trading.

 

Best STP Forex Broker - Pepperstone

 

Conclusion

 

Forex rebates offer a unique opportunity to reduce trading costs and increase profitability for traders in the United States. These programs, which return a portion of the transaction costs to the trader, can create a more cost-effective trading environment, especially for high-volume traders.

However, it is essential to understand that the primary focus should always be on sound trading strategies and risk management. While rebates can provide additional earnings, they should not dictate your trading decisions.

Choosing the right rebate program is also critical. Traders should consider factors such as the rebate rate, the broker’s reliability and regulation status, and the suitability of the trading platform offered.

 

 

Frequently Asked Questions

 

What is a Forex rebate program?

A Forex rebate program is a system where traders are refunded a portion of the spread or commission they have paid to their broker, effectively reducing trading costs.

 

How can I benefit from a Forex rebate program?

Forex rebate programs offer monetary returns on each trade, reducing trading costs and potentially increasing profitability.

 

How does the rebate rate affect my earnings?

The higher the rebate rate, the more money you receive back per trade, increasing your overall profit.

 

Are Forex rebate programs legal in the US?

Yes, Forex rebate programs are legal in the US and are offered by many regulated brokers.

 

How does trading volume impact my Forex rebates?

A higher trading volume typically generates higher rebates, as many programs operate per trade.

 

Can I join a Forex rebate program with any broker?

While many brokers offer rebate programs, confirming with your specific broker or choosing a broker known for their rebate offerings is essential.

 

How do I maximize my earnings from a Forex rebate program?

Maximizing earnings involves strategic trading, choosing programs with high rebate rates, and maintaining high trading volumes.

 

Does the user experience matter when choosing a Forex rebate program?

Absolutely. A program with a user-friendly interface, clear terms, and responsive customer service can significantly enhance your trading experience.