What is a standard lot?

One standard lot is 100,000 units of the base currency. A mini lot is 0.1 and a micro lot is 0.01. Rebates are almost always quoted per standard lot, round turn, so 10 mini lots earn the same rebate as one standard lot.

Does a rebate change my spread?

No. The rebate is paid out of the revenue share the broker already earns from your spread. Your pricing is the broker's standard public pricing, unchanged.

What does round turn mean?

Round turn means the rebate covers the full open-and-close of a position, not each side separately. A rate quoted per side is worth roughly half a round-turn rate for the same trading.

Rebate calculator

What would a rebate actually be worth to you?

Put in the volume you already trade and the per-lot rate on the table. The figure that matters is not the monthly rebate — it is what it does to your effective cost per lot, which is the last column below.

Paid back monthly $100.00

Per year$1,200.00

Per trading day$4.55

An illustration of the mechanism, not an offer. Your actual rate depends on the broker, account type and instrument class — we confirm it in writing before you open.

Ask what your rate would be

Reading the number honestly

Round turn, not per side. A rate quoted per side is worth about half a round-turn rate for identical trading. Always ask which one you are being quoted.
Per instrument class. Headline rates are usually the majors rate. Metals, indices and exotics often pay less — sometimes nothing.
Volume floors. Some desks pay only above a monthly threshold they do not advertise. Ask for the floor in writing.
A rebate is not a strategy. It pays on volume you were going to trade anyway. Trading more to earn more rebate is how people lose more than the rebate is worth.