[FibTrader33]

I’m looking at a trading firm that is promising to give me a “rebate” every time I trade? They are saying to me that every month they will pay me a dollar amount back I trade a certain amount of FX. has anyone heard of this before? Why would they do this?

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[Christian Harris]

Brokers offer rebates as a way to attract and retain traders by giving back a small portion of the spreads or commissions generated from trading.

Rebates incentivise higher trading volumes, benefiting brokers in the long run.

While rebates can be a legitimate perk, be cautious if a broker uses rebates as a major selling point, especially if the trading conditions, like spreads or execution quality, are subpar.

Always ensure the broker is reputable, regulated, and prioritises fair trading conditions over gimmicks.

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[FibTrader33]

Ok, reassuring to hear that they are a “real” thing. I ended spending more time looking into it at this firm though and I ain’t hitting their monthly trading volumes which are over $10 million for any sort of meaningful cash rebate. One day maybe but not yet lol

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[Steve]

I don’t know what ‘level’ you trade at but yes, rebates are generally more of a thing for high volume traders and professional investors.

If you do reach the sort of trading volumes I’ve found some providers will be open to a conversation on tailored models so worth picking up the phone to your account manager or support team.

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