Instrument: Rebates rates can vary depending on the selected asset, and partner broker. In this field traders can select from major forex pairs, minors, stock indices, from the most popular cryptocurrencies (ADA, BTC, ETH, LTC, XLM, XRP, etc), and commodities, including Gold, Silver and Oil. Let’s choose, for our example, the EUR/GBP pair.

Deposit currency: Here, traders simply select the trading account deposit currency, so the final calculation will show the results already converted to the trader’s account base currency. We choose the GBP as the deposit currency, for our example.

Rebate per lot: The crucial field of this calculator. Most FX brokers will pay rebates as part of the spread, in pips. Other brokers, mainly the ECN trading environment brokers, with commissions per traded lot, will prefer to offer a rebate from the commission cost.

For example, an FX broker charging a 6 USD commission per traded lot, might pay in cashback 0.5 USD per lot traded, taken from the commission cost. But the vast majority of the FX brokers simply pay the cashback from the spread. So, for this example, we will use the hypothetical rebate per lot value of half a pip (0.5 pip).

Lots traded: Rebates are paid on traded volumes, lots or units, regardless if a position was closed in profit or loss. In this field there’s the option of calculating the rebates value based on the lots traded or the units traded. Let’s choose, on our example, a total volume of 10 lots traded.

Then, we hit the “Calculate” button.

The results: The rebates calculator uses a market price live feed with the current interbank rates (in a 5-digit format) to calculate the rebates for instruments not traded in the account base currency, for example the AUD/CAD pair.

So, the rebate value for the EUR/GBP pair, with a total volume of 10 traded lots and with a rebate rate of 0.5 pip, on a trading account in GBP, is currently £50. Traders should remember that when joining a rebates program, such as ours, the cashback is always paid, independently if the traded volume was closed in profit or loss.