Forex Rebates explained: How Forex Cashback works & how to compare broker rebates
Forex rebates, also known as forex cashback, allow traders to receive part of their trading costs back every time they place an eligible trade.
Instead of paying the full spread or commission without receiving anything in return, traders who register their brokerage account through a forex cashback provider can receive a portion of the broker's referral commission as cashback.
The rebate can usually be calculated per lot, as a percentage of the spread or commission, or based on trading volume.
For active traders, these seemingly small amounts can add up to meaningful savings over time.
