Best Forex Rebate Brokers 2023

For this list, we reviewed and tested several Forex Rebate Brokers.

To select the best forex rebate brokers, we opened live accounts and deposited between $4,000 – $8,000 in each account. We placed real trades in each popular market and tested the brokers’ offerings in order to get the full picture of their performance. Also, we contacted the customer support team to test their readiness and ability to resolve the issues clients may face during the trading.

We handpicked the best Forex Rebate Brokers based on our trading data and experience as traders.

What is Forex Rebate Service?

A forex rebate (cash back) is a discount that comes in a form of a reduction or refund of commissions/spreads that is paid retrospectively by third-party rebate providers linked to your trading account. The broker is an intermediary between the market and traders and is responsible for the trading performance, for that task he charges commissions and spreads per executed trade. Regardless if a position is closed in profit or loss, the broker may return the portion of the paid amount.

Costs are as crucial as profits, especially in the trading market since in trading you don’t always have profit, but you always have costs. Hence it is not surprising that the rebate is becoming more and more popular among forex traders. Brokers are joining rebate programs and are collaborating with different rebate providers.

Each broker has its own rebate conditions depending on the account type and trade volume. The payment method is varied as well:

• Monthly rebate pay
• Instant Spread or commission reduction
• Paid directly to the brokerage account between 1-7 days after the trade is closed

Best Brokers with Rebate Programs

To select the best forex rebate brokers, we have searched and tested several forex brokers offering rebate programs. We have opened real accounts and deposited money in each broker’s account. Then we placed real traders to see each broker’s offerings, spreads, and conditions.

• Peppestone – Best Rebate Broker Overall
• XM – Best Forex Rebate Broker for Beginners
• RoboForex – Best ECN forex brokers with Rebate
• FXTM – Best MT5 Brokers with Rebate Program

Best Rebate Broker Overall

We picked Pepperstone as the best forex rebate broker overall.

Founded in 2010, Pepperstone is a top-tier Australian Forex and CFD broker that has built a full-featured trading environment with a focus on forex pairs, indices, stocks, commodities, ETFs, cryptocurrencies, and a currency index. The broker is regulated and registered by FCA, ASIC, CySEC, BaFin, FSA, SCB, and CMA.

There are two ways to get Pepperstone rebates: either by joining the Active Trader program – here you need to be qualified as a professional trader and meet the volume requirements over 3 months, or by becoming an introducing broker meaning you need to join the broker as a partner. Pepperstone’s rebates are volume-based and calculated as a percentage of commission or spread. The discount size will depend on how many standard lots you trade each month.

Unlike many other programs, Pepperstone’s rebates are refunded daily and directly to the trading account the day after the trade is closed.

Best Forex Rebate Broker for Beginners

We chose XM as the best forex broker with a rebate program for beginners.

XM is a highly-regulated forex broker based in Cyprus. XM offers over 1,000 tradable instruments in forex, indices, stocks, cryptocurrencies, and commodities. The company is a market leader in terms of having a great selection of educational materials and advanced market research tools. The minimum deposit of $5 is also a great factor that attracts many newcomers.

XM rebates are paid for clients trading under ASIC, CySEC, and Dubai DFSA entities. XM rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.

Best ECN forex brokers with Rebate

We picked out RoboForex as the best ECN broker with a rebate program.

RoboForex, also known as RoboMarkets, is a global Forex and CFD broker headquartered in Cyprus. RoboForex offers trading in forex, stocks, indices, and commodities. The broker offers ECN trading with spreads starting from 0.0 pips.

Verified RoboForex clients can receive additional profit on all account types on a permanent basis. Rebates are calculated based on a monthly trading volume (the trading volume of CFDs is not taken into account). 

Best MT5 Brokers with Rebate Program

We chose FXTM as the best MT5 forex broker with a rebate program.

FXTM, founded in 2011, is a well-known Cyprus-based forex and CFD broker offering trading services with forex pairs, indices, commodities, stocks, cryptocurrencies, spot metals, and also real stocks. FXTM is solely a MetaTrader broker offering hundreds of tradable instruments with advanced charting tools with tight floating spreads starting from 0.6 pips per lot.

FXTM offers a rebate program for CySEC and South Africa registered clients for all account types.

Top Brokers for Rebates Trading List

Apart from the shortlisted rebate brokers above, here’s a list of top forex rebate brokers:

Forex Broker	Test Details	Broker Review
FXTM	Deposit Amount: Over €6,000 Total Trade: 12 trades	FXTM Review
XM	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
Pepperstone	Deposit Amount: Over €6,000 Total Trade: 12 trades	Pepperstone Review
RoboMarkets	Deposit Amount: Over €5,000 Total Trade: 12 trades	RoboMarkets Review
FBS	Deposit Amount: Over €5,000 Total Trade: 12 trades	FBS Review
Eightcap	–	Visit Eightcap
HYCM	–	Visit HYCM
OANDA	–	Visit OANDA
BDSwiss	–	Visit BDSwiss
AvaTrade	Deposit Amount: Over €4,000 Total Trade: 21 trades	AvaTrade Review

FAQ and More on Rebate Trading

Many traders have different questions regarding forex trading. We tried to find and give comprehensive answers to some of the most asked questions related to rebate forex brokers.

Forex Rebate EA

Many MT4 and MT5 forex brokers use expert advisors for advanced technical trading. Expert Advisors are special programs built for monitoring and analysing financial markets via special algorithms.

Here are some of the forex brokers with rebate programs using EA:

• FXTM
• XM
• OANDA
• FP Markets

What is brokers liquidity rebate trading?

Liquidity rebate trading is a trading model where investors and traders who put in limit orders typically receive a small rebate from the exchange upon execution of their orders because they contribute to liquidity meaning they are liquidity “makers”.