| Updated: February 25, 2025Forex exchange trading brokers are constantly competing to attract and retain clients. As part of their marketing strategies, they offer incentives such as forex rebates and promotions. These rewards can give traders a competitive edge, helping them maximize their profits and minimize losses.
With so many brokers offering similar services, it can be challenging to determine which ones provide the best forex rebates and promotions. In this guide, we will delve into the world of forex rebates and promotions, exploring what they are, the regulations surrounding them, and how to choose a broker that offers the best incentives.
Below you can find a list with Forex brokers that offer rebates and promotions:
Top 7 Forex Brokers with rebates and promotions
-
AvaTrade
- Minimum deposits from $100
- Licensed by 11 regulatory bodies
- Retail forex leverage of up to 1:400
Trading InstrumentsDeposit Methods- Bonds CFDs
- Commodities CFDs
- Crypto CFDs
- Crypto Options
- Energy CFDs
- ETF CFDs
- Forex CFDs
- Forex Options
- Index Options
- Indices CFDs
- Metals CFDs
- Share CFDs
- Stock CFDs
- Stock Options
- US Stock Options
-
Eightcap
- Traders can enjoy competitive trading conditions through different account types
- Offers access to over 800 CFD markets through TradingView
- Platforms like MT4 and MT5 enable multi-device trading
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Forex CFDs
- Indices CFDs
- Share CFDs
-
FxPro
- NDD broker offering deep liquidity and ultra-fast execution
- Over 99% instant order executions with no requotes
- Supports MT4, MT5, cTrader, and a proprietary platform
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
-
FXTM
- Established brokerage company regulated by UK FCA, Kenya CMA, and Mauritius FSC
- MT4, MT5, Mobile Trading Platform
- $1M Lloyd’s of London account insurance
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
-
Axi
- Raw spreads start from 0.0 pips
- Offers order execution faster than standard ECN model
- Axi Select Funded Trader Program offers funding up to $1 million
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
-
Admirals
- Trade using MetaTrader 4 and 5, as well as Admirals' specialized plugins for additional functionality.
- Access forex, shares, indices, commodities, ETFs, bonds, and cryptocurrency CFDs.
- Admirals is overseen by top-tier regulatory bodies: FCA, ASIC, CySEC, and EFSA, assuring transparency and customer security.
Trading InstrumentsDeposit Methods- Bonds CFDs
- Commodities CFDs
- Crypto CFDs
- Energy CFDs
- ETF CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Share CFDs
- Stock CFDs
- US Stock CFDs
-
FP Markets
- Australia & CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
Brokers Compared by Spread
| Brand | Commission per lot | |
|---|---|---|
| AvaTrade | MIN 0.9 pips | $0 |
| Eightcap | MIN 1 pips | $0 on Standard and TradingView Accounts; $7 round turn on Raw Accounts |
| FxPro | AVG 1.5 pips | $0 on Standard Account; $3.5 per side on Raw+ and Elite Accounts |
| FXTM | AVG 2.1 pips | $4 per lot |
| Axi | AVG 1.2 pips | $0 on Standard Account; $7 round trip on Pro Account |
| Admirals | AVG 0.1 pips | $3 per lot |
| FP Markets | AVG 1.2 pips | $0 Standard Account; $6 round turn on Pro Account |
FX Brokers Deposit Method Comparison
| Brand | Minimum deposit | |
|---|---|---|
| AvaTrade |  |
$100 |
| Eightcap |  |
$100 |
| FxPro | |
$100 |
| FXTM | |
$200 |
| Axi | |
$0 |
| Admirals | |
$100 ($1 for Invest MT5 Account) |
| FP Markets | |
$50 (AU$100) |
Forex Brokers by Regulator
| Brand | Maximum leverage | |
|---|---|---|
| AvaTrade | |
1:400 (Pro Account), 1:30 (Standard Account) |
| Eightcap | |
1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account), 1:500 (SCB | Retail Account) |
| FxPro | |
1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account), 1:10000 (SCB | Retail Account) |
| FXTM | |
1:30 (FCA | Retail Account), 1:400 (CMA), 1:3000 (FSCA) |
| Axi | |
1:500 (Elite Account), 1:400 (Pro Account), 1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:30 (DFSA | Retail Account), 1:30 (FCA | Retail Account), 1:500 (SVGFSA) |
| Admirals | |
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account), 1:1000 (FSAS | Retail Account), 1:500 (FSCA | Retail Account), 1:100 (JSC | Retail Account) |
| FP Markets | |
1:500 (CySEC | Pro Account), 1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:500 (FSAS | Retail Account) |
Forex Brokers Platform Availability
| Brand | FX pairs to trade | |
|---|---|---|
| AvaTrade | |
MetaTrader 4, MetaTrader 5, Proprietary Web |
| Eightcap | |
MetaTrader 4, MetaTrader 5, TradingView |
| FxPro | |
cTrader, MetaTrader 4, MetaTrader 5 |
| FXTM | |
MetaTrader 4, MetaTrader 5 |
| Axi | |
MetaTrader 4 |
| Admirals | |
MetaTrader 4, MetaTrader 5 |
| FP Markets | |
cTrader, TradingView |
Comprehensive Comparison of Forex Brokers with rebates and promotions
| Brand | Min. Deposit | Trading Platforms | Spread | Regulation | Trustpilot |
|---|---|---|---|---|---|
 |
$100 |
|
MIN 0.9 pips |
|
|
 |
$100 |
|
MIN 1 pips |
|
|
 |
$100 |
|
AVG 0.5 pips |
|
|
 |
$200 |
|
AVG 2.1 pips |
|
|
 |
$0 |
|
AVG 1.2 pips |
|
|
 |
$100 ($1 for Invest MT5 Account) |
|
AVG 0.8 pips |
|
|
 |
$50 (AU$100) |
|
AVG 1.2 pips |
|
What Are Forex Rebates and Forex Promotions?
Forex rebates and promotions are incentives offered by brokers to traders in exchange for their business. Forex rebates are essentially a refund of a portion of the spread or commission paid on a trade, while promotions can include bonuses, contests, and other rewards. These incentives can be a great way for traders to earn extra income or reduce their trading costs.
Forex rebates are usually paid on a per-trade basis, and the amount of the rebate can vary depending on the broker and the type of trade. Promotions, on the other hand, can be one-time offers or ongoing programs and may require traders to meet certain conditions or achieve specific trading milestones.
Here are some additional details about the types of forex rebates and promotions:
-
Types of Forex Rebates:
- Spread Rebates: These rebates are based on the spread, which is the difference between the bid and ask prices of a trade. Brokers may offer a percentage of the spread as a rebate.
- Commission Rebates: These rebates are based on the commission charged by the broker for each trade. Brokers may offer a percentage of the commission as a rebate.
- Volume-Based Rebates: These rebates are based on the trading volume of the client. Brokers may offer a rebate based on the number of lots traded or the total value of trades.
- Hybrid Rebates: These rebates combine different types, such as spread and commission rebates.
-
Types of Forex Promotions:
- Welcome Bonuses: These bonuses are offered to new clients who open a trading account with the broker.
- Deposit Bonuses: These bonuses are offered to clients who deposit funds into their trading accounts.
- Loyalty Programs: These programs reward clients for their ongoing trading activity and loyalty to the broker.
- Trading Contests: These contests offer prizes to clients who achieve specific trading milestones or demonstrate exceptional trading skills.
- Refer-a-Friend Programs: These programs reward clients for referring friends and family to the broker.
- Demo Account Contests: These contests offer prizes to clients who demonstrate exceptional trading skills using a demo account.
ESMA Regulations on Forex Trading Bonuses for Retail Clients
The European Securities and Markets Authority (ESMA) has implemented specific regulations on forex trading bonuses for retail clients. EU and UK forex brokers are generally prohibitted from offering trading bonuses to retail clients due to the said regulations set by ESMA. This includes bonuses for deposits, loyalty programs, or other incentives that might encourage excessive trading or risk-taking.
ESMA introduced these restrictions as part of its efforts to enhance investor protection, which also included:
- Leverage caps on trading (e.g. a maximum leverage of 1:30 for major FX pairs)
- Negative balance protection to prevent clients from losing more than their initial balance
- Restrictions on the marketing and sale of CFDs and other leveraged products
However, brokers may still provide bonuses to professional clients, as they are not subject to the same restrictions as retail clients. Professional traders are assumed to have the necessary knowledge and experience to manage the associated risks. Furthermore, they are not subject to the same leverage limits or protections, such as negative balance protection or risk warnings.
To qualify as a professional trader, clients must meet certain criteria, such as having sufficient trading experience, a significant portfolio size, or a history of professional work in the financial sector.
If you are considering the option for professional client status to access promotions or higher leverage, it is crucial to understand the risks involved, you may lose important safeguards to retail clients.
Advantages and Disadvantages of Forex Rebates
Benefits of Forex Rebates and Promotions:
- Increased Trading Capital: Rebates and promotions can increase a client’s trading capital, allowing them to trade more or take on more risk.
- Reduced Trading Costs: Rebates can reduce a client’s trading costs, such as spreads and commissions.
- Improved Trading Performance: Promotions can motivate clients to improve their trading performance and achieve specific trading milestones.
- Loyalty Rewards: Rebates and promotions can reward clients for their loyalty and ongoing trading activity.
Risks and Considerations:
- Trading Risks: Clients should be aware of the risks associated with trading, including market volatility and leverage.
- Rebate and Promotion Conditions: Clients should carefully review the terms and conditions of rebates and promotions to ensure they understand the requirements and restrictions.
- Broker Risks: Clients should research the broker’s reputation, regulatory compliance, and financial stability before participating in rebates and promotions.
- Tax Implications: Clients should consult with a tax professional to understand the tax implications of rebates and promotions.
How To Choose Brokers Offering the Best Forex Rebates and Promotions?
When choosing a forex rebate broker, there are several factors to consider. First and foremost, traders should look for brokers that offer competitive and transparent rebate programs. This means that the broker should clearly disclose the terms and conditions of the rebate, including the amount, the trading requirements, and any other relevant details.
Traders should also consider the overall quality of the broker’s services, including their trading platform, customer support, and regulatory compliance. Additionally, traders may want to look for brokers that offer a range of rebate programs and promotions to maximize their earning potential.
It’s also important to read reviews and do research on the broker to ensure that they have a good reputation and are reliable. By taking the time to carefully evaluate and compare different brokers, traders can find the one that best meets their needs and provides the most valuable incentives.
FAQs
Here are several frequently asked questions about forex rebates and promotions:
What is the primary purpose of offering incentives to traders, and how can they benefit from these programs?
Traders often wonder why brokers provide rewards and how they can make the most of these opportunities. The main goal of these incentives is to attract and retain clients, and traders can benefit by increasing their trading capital, reducing costs, and improving their overall trading experience.
How do brokers determine the amount of money to be refunded to traders as a rebate, and what factors influence this decision?
The calculation is typically based on the trader’s activity, such as the volume of trades or the amount of spread paid, and brokers may use various formulas to determine the rebate amount.
Are there any specific requirements or conditions that traders must meet to be eligible for forex rebates and promotions, and how can they ensure they qualify?
Brokers usually set specific requirements, such as minimum trading volumes or deposit amounts, and traders should carefully review the terms and conditions to understand what is expected of them.
Can traders expect to receive their rebates and promotions in a timely manner, and what is the typical process for receiving these incentives?
Traders are interested in knowing when and how they will receive their rebates and promotions. Brokers usually have a process in place for paying out these incentives, which may involve regular payments or a one-time payout, and traders should be aware of the expected timeline and any necessary steps to receive their rewards.
Do forex rebates and promotions have any tax implications, and how should traders report these incentives on their tax returns?
The tax treatment of these incentives can vary depending on the jurisdiction and local tax laws, and traders should consult with a tax professional to ensure they comply with all relevant regulations.
Conclusion
In conclusion, forex rebates and promotions can be a great way for traders to earn extra income and reduce their trading costs. By understanding what they are, how they work, and how to choose a broker that offers the best incentives legitimately, traders can maximize their profits and achieve their trading goals. With the right broker and the right strategy, traders can take advantage of forex rebates and promotions to succeed in the competitive world of foreign exchange trading.
Why You Should Trust RationalFX
When it comes to making informed decisions about forex brokers, it's essential to rely on trustworthy sources. RationalFX, a company with over 17 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it's clear that Rational FX has built a reputation for providing reliable and unbiased information.
What sets Rational FX apart is its rigorous evaluation process, which considers over 30 different criteria when selecting forex brokers. This comprehensive approach ensures that every aspect of a broker's service is taken in consideration, including regulation, forex spreads, trading platforms, deposit methods, and reputation. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers. You can reach us via e-mail at feedback@rationalfx.com or contact us through our social media accounts here: Facebook, YouTube, or leave a feedback here.