Forex brokers offer rebate programs daily, weekly or monthly to give some form of a discount on trading. In this article, we review the 15 Best Forex Rebate Programs and give honest feedback on the pros and cons of trading with each broker.
Rebates are usually offered as daily trading discounts, monthly cash payments or reduced commission fees, and are also sometimes referred to as “cash rebates”.
In some cases, brokers will pay rebates regardless of whether the trade is a profit or a loss. We recommend trading with a broker that offers rebates because it will help you save costs and get more out of your investments.
More and more brokers are offering rebate programs traders are loyal to brokers that reward their clients. The rebate you receive will depend on the account type you choose, the instruments you trade and your trading volumes.
Some brokers only offer rebates for active, high-volume traders, while others offer rebates to all clients. With rebates, you will be rewarded for every trade you make and your account may even be eligible for other bonuses. and trading with one of these brokers makes your portfolio more profitable and less risky.
BDSwiss
USD 200 CySec, FSC, FSA, BaFin, NFA 📱 Platforms MT4, MT5, BDSwiss app Yes 💵 Account Currency EUR, USD, GBP, PLN, CHF, SEK, DKK, NOK Yes 1:500 🛒 Instruments Forex, Commodities, Shares, Indices, Cryptocurrencies
Minimum Deposit
Regulators
Islamic Account
Leverage
BDSwiss was founded in 2012 and is a licensed and regulated STP and ECN broker.
BDSwiss offers more than 250 instruments and provides daily market analysis and live education.
BDSwiss has over 1.5 million users and is available in 180+ countries.
BDSwiss Pros and Cons:
| ✔️Pros | ❌Cons |
| Commission-free trading | 3 base currencies |
| Beginner-friendly | No USA clients |
| 1.5 mil+ clients | |
| Supports MetaTrader |
GO Markets
Overall Rating USD 200 FSC, ASIC, AFSL 📱 Platforms MT4, MT5, GO Webtrader Yes 💵 Account Currency AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD No 1:500 🛒 Instruments Forex, Shares, Indices, Metals, Commodities
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
GO Markets was founded in 2006 and is a regulated Australian broker.
GO Markets provides plenty of educational resources and you can use Autochartist, Trading Central, aQuant and MetaTrader Genesis by trading with this broker.
GO Markets offers 2 types of accounts and spreads from 0 pips.
GO Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| Beginner-friendly | No swap-free account |
| 6+ account currencies | Inactivity fees |
| Free VPS | High minimum deposit |
InstaForex
Overall Rating USD 1 FSC, BVI, CySEC 📱 Platforms MT4, MT5, InstaTick Trader ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:1000 🛒 Instruments Forex, Stocks, Indices, Metals, Oil, Gas, Commodity Futures, Crypto, InstaFutures 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
InstaForex has more than 7 million clients and is a CySEC-regulated broker.
InstaForex offers 2 types of accounts and is beginner-friendly.
InstaForex was founded in 2007 and offers over 300 instruments.
The limit for demo account balance is 1.5 mil with this broker.
InstaForex Pros and Cons:
| ✔️Pros | ❌Cons |
| Trading signals app | 2 base currencies |
| High leverage | No USA clients |
| Large client base | |
| Promotions |
OctaFX
Overall Rating USD 100 FSA, SVGFSA 📱 Platforms MT4, MT5, OctaFX app ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:500 🛒 Instruments Forex, CFDs, Stocks, Commodities, Cryptocurrencies 🏛️ Visit Broker
3.7/5
Minimum Deposit Regulators Islamic Account Leverage
OctaFX was founded in 2011 and has more than 12 million clients.
OctaFX has received over 40 international awards and offers commission-free trading.
OctaFX is good for copy trading and accounts have negative balance protection.
OctaFX Pros and Cons:
| ✔️Pros | ❌Cons |
| Hedging and scalping allowed | 2 base currencies |
| Trading bonuses | |
| Beginner-friendly | |
| 24/7 support |
RoboMarkets
Overall Rating USD 100 CySEC, BaFIN 📱 Platforms MT4, MT5, R Stocks Trader ₿ Crypto Yes 💵 Account Currency EUR, USD, GBP Yes 1:30 🛒 Instruments Forex, Metals, US Stocks, Indices, Oil, Cryptocurrencies 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
RoboMarkets is owned by RoboForex and was founded in 2012.
RoboMarkets offers 5 types of accounts, including a cent account and is a great option for beginners.
RoboMarkets offers both deposit bonuses as well as loyalty bonuses.
RoboMarkets Pros and Cons:
| ✔️Pros | ❌Cons |
| Deposit bonuses | |
| 12,000+ instruments | |
| Beginner-friendly |
IC Markets
Overall Rating USD 200 FSA, CySEC, ASIC 📱 Platforms MT4, MT5, cTrader ₿ Crypto Yes 💵 Account Currency AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF Yes 1:500 🛒 Instruments Stocks, Commodities, Indices, Forex, Bonds, Crypto, Futures 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
IC Markets was founded in 2007 and offers more than 1,900 instruments.
There are 3 types of accounts that you can open with IC Markets.
Spreads with this broker start as low as 0 pips and we recommend IC Markets for EA trading, scalping and day trading.
IC Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| 6+ base currencies | No USA clients |
| Tier-1 regulations | High min. deposit |
| Tight spreads |
IQ Option
Overall Rating USD 10 CySEC 📱 Platforms IQ Option platforms ₿ Crypto Yes 💵 Account Currency USD, EUR, GBP, ZAR Yes 1:500 🛒 Instruments CFDs, Forex, Crypto, Stocks, Commodities, Indices 🏛️ Visit Broker
3.1/5
Minimum Deposit Regulators Islamic Account Leverage
IQ Option is a licensed and regulated broker that we highly recommend to South African traders.
This broker offers 24/7 multilingual support with updated market news and risk management features.
IQ Option has a massive client base and is one of the most trusted brokers globally.
IQ Option Pros and Cons:
| ✔️Pros | ❌Cons |
| Low min. deposit | 4 base currencies |
| 48 mil+ clients | Not compatible with Metatrader platforms |
| ZAR accepted |
FXPRIMUS
Overall Rating USD 0 CySEC, VFSC 📱 Platforms MetaTrader 4, MetaTrader 5 ₿ Crypto Yes 💵 Account Currency USD, EUR, GBP, SGD, PLN Yes 1:1000 🛒 Instruments Forex, Metals, Energies, Equities, Cryptocurrencies, Indices, Futures 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
FXPrimus was founded in 2009 and offers 4 types of accounts.
FXPrimus has more than 300,000 clients and provides educational resources for beginners.
FXPrimus does not require a minimum deposit to open an account and offers spreads from 0 pips.
FXPrimus Pros and Cons:
| ✔️Pros | ❌Cons |
| Tight spreads | No USA clients |
| No minimum deposit | |
| Negative balance protection | |
| CySEC-regulated |
LiteFinance
Overall Rating USD 50 CySEC 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency USD, EUR, MBT, USD, EUR, MBT Yes 1:1000 🛒 Instruments Forex, Metals, Oil, Stocks, NASDAQ CFDs, NYSE CFDs, Crypto 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
LiteFinance (previously LiteForex0 is a popular stock broker that was founded in 2005.
LiteFinance offers competitive ECN trading conditions and is a great option for social traders.
LiteFinance Pros and Cons:
| ✔️Pros | ❌Cons |
| Access to top stock exchanges | Difficult to find detailed account info |
| Tight spreads | No US citizens |
| MetaTrader support | |
| Deposit bonus |
JustForex
Overall Rating USD 1 IFSC 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR Yes 1:3000 🛒 Instruments Forex, Metals, Indices, Shares, Cryptocurrencies, energies 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
JustForex is a regulated broker that was founded in 2012.
JustForex offers a $30 welcome bonus and more than 170 instruments.
JustForex allows the use of EA trading, hedging scalping and news trading.
JustForex Pros and Cons:
| ✔️Pros | ❌Cons |
| 8+ account currencies | Not many regulations |
| Welcome bonus | No UK or USA clients |
| Low minimum deposit | |
| Tight raw spreads |
TIO Markets
Overall Rating USD 50 FCA 📱 Platforms MT4, MT5 ₿ Crypto No 💵 Account Currency USD, GBP, EUR, CAD, AUD, CZK, ZAR, BTC, ETH, UST Yes 1:500 🛒 Instruments Forex, Stocks, Energies, Indices, Metals 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
TIO Markets was founded in 2018 and is based in the United Kingdom.
TIO Markets has over 100,000 clients and is a beginner-friendly broker.
TIO Markets offers more than 300 instruments with spreads starting from 0.2 pips.
TIO Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| Free deposits and withdrawals | No swap-free accounts |
| Allows EA and automated trading | No USA clients |
| 100+currency pairs | |
| 8+ account currencies |
XM
Overall Rating USD 5 ESMA, CySEC, ASIC, FCA, IFSC, DFSA 📱 Platforms Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform ₿ Crypto No 💵 Account Currency USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB Yes 1:1000 🛒 Instruments Commodities, Forex, Stocks, Crypto, Metals, Shares, Energies 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
XM is a popular broker with over 5 million clients that was founded in 2009.
XM offers 4 types of accounts and over 1,000 instruments.
We recommend XM for hedgers and scalpers and this broker is also a great option fr first-time traders.
XM Pros and Cons:
| ✔️Pros | ❌Cons |
| Highly regulated | No fixed spreads |
| Low minimum deposit | No USA clients |
| 5+ base currencies | Inactivity fees |
| 1,000+ instruments |
Eightcap
Overall Rating USD 100 ASIC, SCB 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency AUD, USD, EUR, GBP, NZD, CAD, SGD No 1:500 (ASIC) 🛒 Instruments Forex, Commodities, Indices, Shares, Crypto 🏛️ Visit Broker
3.2/5
Minimum Deposit Regulators Islamic Account Leverage
1:30 (SCB)
Eightcap was founded in 2009 and is a beginner-friendly broker that provides educational resources.
Eightcap offers 2 types of accounts and more than 1,000 instruments with spreads from 0 pips and commission-free trading.
Eightcap Pros and Cons:
| ✔️Pros | ❌Cons |
| Tight spreads | No swap-free accounts |
| Commission-free trading | No Hedging for ASIC clients |
| 7 base currencies supported | |
| 1,000+ instruments |
NordFX
Overall Rating USD 10 VFSC 📱 Platforms MT4, NordFX mobile app ₿ Crypto Yes 💵 Account Currency USD, EUR, CNY, IDR, GBP, VND, THB, PHP No 1:1000 🛒 Instruments FX Pairs, Metals, Crypto, CFDs, Indices, Stocks, Oil 🏛️ Visit Broker
2.9/5
Minimum Deposit Regulators Islamic Account Leverage
NordFX is a beginner-friendly copy trading broker that was founded in 2008.
NordFX offers 3 types of accounts and commission-free trading with spreads from 0 pips.
NordFX Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | No MT5 |
| Tight spreads | Not many regulations |
| VPS | Inactivity fees |
| Good for Copy Trading |
HFM (HotForex)
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HFM (formerly HotForex) was founded in 2010 and is a highly regulated beginner-friendly broker.
HFM has more than 3 million clients and offers a loyalty program and over 1,200 instruments.
HFM Pros and Cons:
| ✔️Pros | ❌Cons |
| $5 minimum deposit | 4 account currencies |
| Highly regulated | Inactivity fees |
| Many clients | |
| Beginner-friendly |
Conclusion
By trading with a broker that offers some form of rebates, you will always save on trading costs and get more out of your trades, so we recommend trading with one of the 15 Best Forex Rebate Programs in this article.
Rebates are usually applied to every trade, so you’ll benefit even when your trades aren’t profitable.
More and more brokers are offering rebates because of the competitive advantage and customer loyalty other rebate brokers have.
Rebates are especially useful for beginners because they can recover some funds if they lose money (but this is no reason to trade irresponsibly!).
We hope that this article helps you find a broker that aligns with your trading goals. Check out some of our other reviews to help you decide.
Good luck with your trading!
Disclaimer
Remember, 75% of retail investors lose money when trading CFDs and there is a high risk of losing your capital in the forex markets.
The information on this website is in no way intended to be used as financial advice and opening an account with any broker is done at your own discretion and risk.
