“Forex Cashback for Beginners: A Step-by-Step Guide to Earning Rebates in 2024”

Introduction:
Entering the world of forex trading can feel overwhelming, especially when hidden costs eat into your profits. Forex cashback for beginners offers a simple yet powerful way to recover a portion of these expenses—turning every trade into a potential rebate opportunity. Whether you’re trading major currency pairs on MetaTrader 4 or exploring commission-free trading with an ECN broker, understanding how cashback programs work could save you hundreds annually. This guide breaks down the essentials, from selecting the best forex rebates to maximizing earnings in 2024, ensuring you start your trading journey with an edge. Let’s dive into how you can claim what’s rightfully yours—one pip at a time.

1. Understanding Forex Cashback: The Basics

Forex trading is a dynamic and lucrative financial market, but it also comes with costs such as spreads, commissions, and swap fees. For beginners, these expenses can eat into potential profits, making it essential to explore ways to reduce trading costs. One such method is forex cashback, a rebate system that allows traders to earn back a portion of their trading expenses.
In this section, we’ll break down the fundamentals of forex cashback, how it works, and why it’s a valuable tool for beginners looking to maximize their trading efficiency in 2024.

What Is Forex Cashback?

Forex cashback (also known as forex rebates) is a reward system where traders receive a partial refund on the costs incurred from their trades. These rebates are typically offered by:

• Broker-affiliated cashback programs – Some brokers provide built-in cashback incentives.
• Third-party cashback services – Independent platforms partner with brokers to offer rebates.

The refund is usually a percentage of the spread or commission paid per trade and is credited to the trader’s account periodically (daily, weekly, or monthly).

How Does Forex Cashback Work?

1. Trader Executes a Trade – Every time you open and close a trade, you pay a spread (the difference between the bid and ask price) or a commission.
2. Broker or Cashback Provider Tracks the Trade – The broker or a third-party service records the trading volume and associated costs.
3. Rebate is Calculated – A predetermined percentage (e.g., 0.5–2 pips per lot) is refunded to the trader.
4. Cashback is Credited – The rebate is deposited into the trader’s account or an external wallet.

Example of Forex Cashback in Action

• Trade Details: You trade 1 standard lot (100,000 units) of EUR/USD with a spread of 1.5 pips.
• Broker’s Cashback Offer: 0.8 pips per lot traded.
• Calculation:

– Spread cost = 1.5 pips × $10 (per pip for 1 lot) = $15
– Cashback earned = 0.8 pips × $10 = $8
– Net cost after cashback = $15 – $8 = $7
This means you effectively reduce your trading cost by more than 50% simply by using a cashback program.

Why Forex Cashback is Beneficial for Beginners

For new traders, every dollar saved can make a significant difference in long-term profitability. Here’s why forex cashback is particularly advantageous for beginners:

1. Lowers Trading Costs

Forex cashback directly reduces the expenses associated with each trade, improving net profitability. This is especially helpful for high-frequency traders or those using scalping strategies.

2. Provides an Additional Revenue Stream

Even if a trade results in a loss, cashback ensures you recover some of the costs, acting as a partial hedge against losses.

3. Encourages Better Trading Discipline

Since cashback rewards are based on trading volume, beginners may be incentivized to trade more strategically rather than impulsively.

4. No Additional Risk

Unlike bonuses with withdrawal restrictions, cashback is typically credited as real, withdrawable funds without affecting trading strategies.

Types of Forex Cashback Programs

Not all cashback programs are the same. Beginners should understand the different structures available:

1. Spread-Based Cashback

• Rebates are calculated as a percentage of the spread.
• Best for traders using brokers with variable or wide spreads.

### 2. Commission-Based Cashback

• Applies to brokers charging fixed commissions per trade (common in ECN/STP models).
• Example: A $5 commission per lot could yield a $1–$2 cashback.

### 3. Volume-Based Cashback

• Higher trading volumes lead to increased rebates.
• Some brokers offer tiered systems where cashback rates improve with more lots traded.

### 4. Hybrid Cashback Models

• Combines spread, commission, and volume-based incentives.
• Ideal for traders using multiple account types or strategies.

## How to Choose the Best Forex Cashback Program
As a beginner, selecting the right cashback provider is crucial. Consider these factors:

1. Broker Compatibility

• Ensure your broker supports cashback (either directly or through a third party).
• Popular cashback providers include CashbackForex, ForexRebates, and TopCashback.

### 2. Rebate Rates & Payment Frequency

• Compare percentages offered—some may provide higher rebates but with delayed payouts.
• Look for daily or weekly payouts for better liquidity.

### 3. Transparency & Reputation

• Avoid programs with hidden conditions or withdrawal restrictions.
• Check reviews and forums (e.g., Forex Factory, Trustpilot) for user experiences.

### 4. Minimum Thresholds

• Some programs require a minimum trading volume before allowing withdrawals.
• Beginners should opt for low or no-threshold cashback services.

## Potential Drawbacks of Forex Cashback
While cashback is beneficial, beginners should be aware of possible downsides:

• May Encourage Overtrading – Some traders might increase volume solely to earn rebates, leading to unnecessary risks.
• Not All Brokers Participate – If your preferred broker doesn’t support cashback, you may need to switch.
• Tax Implications – In some jurisdictions, cashback may be considered taxable income.

## Final Thoughts
Forex cashback is a powerful tool for beginners to reduce costs and enhance profitability. By understanding how rebates work, comparing programs, and integrating cashback into a disciplined trading strategy, new traders can gain a financial edge in 2024.
In the next section, we’ll explore how to find and sign up for the best forex cashback programs, ensuring you maximize your earnings efficiently.
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Key Takeaways:

• Forex cashback refunds a portion of trading costs (spread/commission).
• It benefits beginners by lowering expenses and adding a revenue stream.
• Different cashback models (spread-based, commission-based, volume-based) suit different trading styles.
• Always verify a cashback provider’s reputation and terms before enrolling.

By mastering forex cashback basics, beginners can trade smarter and retain more of their hard-earned profits.

2. Types of Forex Cashback in 2024

For beginners entering the world of forex trading, understanding the different types of forex cashback available in 2024 is crucial. Forex cashback programs allow traders to earn rebates on their trading activities, effectively reducing transaction costs and increasing profitability. These rebates can come in various forms, each with its own structure and benefits.
In this section, we will explore the most common types of forex cashback available to traders in 2024, helping beginners identify the best options for their trading style.

1. Spread-Based Cashback

How It Works

Spread-based cashback is one of the most popular rebate models in forex trading. Brokers or cashback providers refund a portion of the spread (the difference between the bid and ask price) on every trade executed.

Key Features

• Variable or Fixed Rebates: Some brokers offer a fixed amount per lot (e.g., $2 per standard lot), while others provide a percentage of the spread (e.g., 10-30%).
• Instant or Delayed Payouts: Rebates may be credited immediately after trade execution or at the end of the month.
• Compatible with All Trading Styles: Suitable for scalpers, day traders, and long-term investors.

### Example
A beginner trader executes a trade with a spread of 1.5 pips. If the cashback provider offers 0.3 pips per trade, the trader earns a rebate on each transaction, reducing overall trading costs.

2. Commission-Based Cashback

How It Works

Commission-based cashback applies to brokers that charge a separate commission per trade (common in ECN/STP accounts). Traders receive a percentage or fixed amount of the commission back as a rebate.

Key Features

• Higher Rebates for Active Traders: Since commissions are volume-based, high-frequency traders benefit more.
• Transparent Tracking: Easy to calculate since commissions are fixed per lot.
• Best for Low-Spread Accounts: Ideal for traders using tight-spread ECN brokers.

### Example
A broker charges $5 per standard lot as commission. A cashback provider refunds 20%, meaning the trader gets $1 back per lot traded.

3. Volume-Based Cashback

How It Works

Volume-based cashback rewards traders based on their monthly trading volume (measured in lots). The more a trader trades, the higher the rebate percentage.

Key Features

• Tiered Rebate Structure: Brokers may offer increasing cashback rates as trading volume grows (e.g., 0.5 pips per lot for 10-50 lots, 0.7 pips for 50-100 lots).
• Encourages Higher Trading Activity: Beneficial for professional and high-volume traders.
• Often Combined with Other Rebates: Some brokers pair volume-based cashback with spread or commission rebates.

### Example
A beginner trader executes 30 standard lots in a month. The broker offers:

• 0.4 pips per lot for 1-20 lots
• 0.6 pips per lot for 21-50 lots

The trader earns:

• (20 lots × 0.4 pips) + (10 lots × 0.6 pips) = 8 + 6 = 14 pips in total rebates.

## 4. Fixed Cashback per Trade

How It Works

Some forex cashback programs provide a fixed monetary amount per trade, regardless of spread or commission.

Key Features

• Simple and Predictable: Easy for beginners to calculate earnings.
• Best for Micro and Mini Lots: Small traders benefit more since the rebate is fixed.
• Less Dependent on Market Conditions: Unlike spread-based rebates, this type is unaffected by volatility.

### Example
A cashback provider offers $0.50 per mini lot (0.1 standard lot). If a trader executes 50 mini lots, they earn $25 in rebates.

5. Hybrid Cashback Models

How It Works

Hybrid models combine multiple cashback structures, such as spread rebates + volume bonuses or commission refunds + fixed payouts.

Key Features

• Maximizes Earnings: Traders benefit from multiple rebate streams.
• Flexible for Different Strategies: Scalpers, swing traders, and investors can optimize earnings.
• Common Among Premium Brokerages: Some brokers offer tiered hybrid models for VIP clients.

### Example
A broker provides:

• 0.2 pips spread rebate per standard lot
• Additional $1 per lot if monthly volume exceeds 50 lots

A trader executing 60 lots earns:

• (60 × 0.2 pips) + (10 × $1) = 12 pips + $10

## 6. Broker-Specific Promotional Cashback

How It Works

Brokers occasionally run limited-time cashback promotions, offering higher rebates or bonuses for new or existing clients.

Key Features

• Time-Limited Offers: Available for a specific period (e.g., holiday promotions).
• Higher-than-Usual Rebates: Can include double cashback or no-requirement bonuses.
• May Have Conditions: Some require minimum deposits or trading volumes.

### Example
A broker runs a “Summer Cashback Bonus,” offering 50% extra rebates for the first 100 lots traded in July.

Which Forex Cashback Type is Best for Beginners?

For beginners, spread-based and fixed cashback models are the easiest to understand and benefit from, as they provide consistent returns without complex calculations. Commission-based cashback is also useful for traders using ECN brokers.
As traders gain experience and increase their trading volume, volume-based and hybrid models become more attractive due to higher earning potential.

Final Tips for Beginners

• Compare multiple cashback providers to find the best rates.
• Check if rebates are paid in cash, credits, or loyalty points.
• Ensure the broker is reputable to avoid cashback scams.

By understanding these forex cashback types, beginners can strategically select the best rebate programs to maximize savings and enhance their trading performance in 2024.
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3. Choosing the Right Broker for Cashback

Selecting the right forex broker is a critical step for beginners looking to maximize their earnings through forex cashback programs. Not all brokers offer cashback, and those that do may have varying terms, rebate structures, and reliability levels. This section will guide you through the key factors to consider when choosing a broker for cashback, ensuring you make an informed decision that aligns with your trading goals.

Why Broker Selection Matters for Forex Cashback

Forex cashback is a rebate system where traders receive a portion of their spread or commission back on every trade, regardless of whether the trade is profitable or not. For beginners, this can significantly reduce trading costs and improve long-term profitability. However, the broker you choose determines:

• The amount of cashback you earn (percentage or fixed rate per lot).
• The reliability of payouts (some brokers may delay or withhold rebates).
• Additional trading conditions (spreads, commissions, execution speed).

A poorly chosen broker could negate the benefits of cashback with high fees, poor execution, or unreliable rebate payouts.

Key Factors to Consider When Choosing a Cashback Broker

1. Regulation and Trustworthiness

Before committing to a broker, verify its regulatory status. Reputable brokers are licensed by major financial authorities such as:

• FCA (UK)
• ASIC (Australia)
• CySEC (Cyprus)
• FSCA (South Africa)

Regulated brokers adhere to strict financial standards, ensuring that your funds and cashback earnings are secure. Avoid unregulated brokers, as they may engage in unethical practices like withholding rebates or manipulating trades.
Example: A beginner trader signs up with an unregulated broker offering high cashback rates but later discovers that withdrawals are delayed indefinitely. A regulated broker, even with slightly lower rebates, ensures timely payouts.

2. Cashback Structure and Transparency

Brokers offer different cashback models:

• Fixed Cashback per Lot: A set amount (e.g., $2 per lot) regardless of trade size.
• Percentage-Based Rebates: A percentage of the spread or commission (e.g., 20% of the spread).

Which is better for beginners?

• Fixed cashback is simpler and predictable.
• Percentage-based rebates may be more profitable for high-volume traders.

Ensure the broker clearly outlines:

• How and when rebates are paid (daily, weekly, monthly).
• Any minimum trade volume requirements.
• Whether cashback is credited as real withdrawable funds or trading credits.

### 3. Trading Costs (Spreads & Commissions)
Cashback helps offset trading costs, but if the broker has excessively high spreads or commissions, the rebates may not be worthwhile.
Example:

• Broker A: Offers $5 cashback per lot but charges $10 in commissions.
• Broker B: Offers $3 cashback per lot but only charges $5 in commissions.

In this case, Broker B is more cost-effective despite the lower rebate.

4. Execution Quality and Slippage

A broker with poor execution (frequent requotes, slippage, or delays) can lead to unexpected losses, outweighing cashback benefits. Look for brokers with:

• Fast order execution (under 50ms is ideal).
• No dealing desk (NDD) or STP/ECN models (reduces conflict of interest).

### 5. Cashback Payment Methods
Check how the broker disburses rebates:

• Directly to your trading account (can be used for further trades).
• Withdrawable to a bank/e-wallet (more flexible).

Some brokers impose withdrawal restrictions on cashback earnings, so read the terms carefully.

6. Additional Trading Conditions

Beyond cashback, consider:

• Leverage options (beginners should avoid excessive leverage).
• Minimum deposit requirements (some brokers require high deposits for cashback eligibility).
• Trading platforms (MetaTrader 4/5, cTrader).

### 7. Reputation and User Reviews
Research broker reviews on:

• Forex forums (BabyPips, Forex Factory).
• Trustpilot or similar review platforms.

Look for consistent complaints about withheld cashback or withdrawal issues.

Top Brokers Offering Forex Cashback for Beginners (2024)

While we don’t endorse specific brokers, here are some well-regulated brokers known for reliable cashback programs:
1. XM – Offers cashback via its loyalty program, regulated by multiple authorities.
2. FBS – Provides rebates for both MT4 and MT5 traders.
3. IC Markets – Popular among ECN traders with competitive cashback deals.
4. Exness – Features transparent rebate structures with fast payouts.
Pro Tip: Some third-party cashback providers (e.g., CashbackForex, ForexRebates) offer additional rebates on top of broker promotions.

Final Checklist Before Selecting a Cashback Broker

✅ Is the broker regulated?
✅ What is the cashback structure (fixed or percentage)?
✅ Are there hidden fees or high trading costs?
✅ How frequently are rebates paid out?
✅ Does the broker have positive user reviews?

Conclusion

Choosing the right broker for forex cashback is a balancing act between rebate earnings, trading costs, and reliability. Beginners should prioritize regulated brokers with transparent cashback terms, competitive spreads, and strong execution. By carefully evaluating these factors, you can maximize your rebates while maintaining a secure and profitable trading experience.
Next Step: Once you’ve selected a broker, the next section will guide you on [4. How to Sign Up for a Forex Cashback Program], ensuring you claim every possible rebate efficiently.
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4. Step-by-Step Guide to Claiming Cashback

Forex cashback is an excellent way for traders to recover a portion of their trading costs, making it a valuable tool for beginners looking to maximize profitability. However, many new traders are unsure how to claim these rebates effectively. This step-by-step guide will walk you through the process, ensuring you can take full advantage of forex cashback programs in 2024.

Step 1: Understand How Forex Cashback Works

Before claiming cashback, it’s essential to grasp how these programs function. Forex cashback is typically offered by:

• Broker-affiliated programs – Some brokers provide built-in cashback or rebate schemes.
• Third-party cashback providers – Independent platforms partner with brokers to offer rebates on spreads and commissions.

Cashback is usually calculated as a percentage of the spread or a fixed amount per lot traded. For example, if a broker charges a $10 commission per lot and offers 30% cashback, you’ll receive $3 back per lot traded.

Step 2: Choose a Reliable Cashback Provider or Broker

Not all cashback programs are equal. Beginners should look for:

• Transparent payout terms – Check how and when rebates are paid (e.g., weekly, monthly).
• Reputable brokers – Ensure the broker is regulated (e.g., FCA, ASIC, CySEC).
• No hidden conditions – Some programs impose minimum trading volumes or withdrawal restrictions.

Example: A beginner might compare CashbackForex, ForexCashback, and broker-specific rebates to determine which offers the best returns for their trading style.

Step 3: Register for a Cashback Account

Once you’ve selected a cashback provider or broker program, follow these steps:
1. Sign up – Provide basic details (name, email, phone number).
2. Link your trading account – Some providers require your broker account number.
3. Verify your identity – Compliance may require KYC (Know Your Customer) documentation.
Pro Tip: If using a third-party cashback site, ensure you register before opening a broker account to qualify for rebates.

Step 4: Start Trading to Accumulate Rebates

After registration, your trades will automatically generate cashback. Key considerations:

• Trade volume matters – Higher lot sizes mean larger rebates.
• Check eligible instruments – Some programs only offer cashback on forex pairs, not CFDs or commodities.
• Monitor your rebates – Most platforms provide a dashboard tracking pending and paid cashback.

Example: A beginner trading 10 standard lots per month with a $2/lot rebate would earn $20 in cashback.

Step 5: Withdraw Your Forex Cashback

Cashback is typically paid via:

• Bank transfer
• E-wallets (Skrill, Neteller, PayPal)
• Broker account credit

Important:

• Minimum withdrawal thresholds – Some programs require $50+ before payout.
• Processing times – Payments may take 1-7 business days.
• Tax implications – In some jurisdictions, cashback is considered taxable income.

## Step 6: Optimize Your Cashback Earnings
To maximize forex cashback for beginners:

• Trade more actively – Higher volume = more rebates.
• Use multiple cashback providers – Some brokers allow stacking rebates.
• Refer friends – Many programs offer referral bonuses.

Example: A trader using both a broker’s in-house rebate and a third-party cashback site could double their earnings.

Common Mistakes to Avoid

1. Not tracking rebates – Always verify payouts match expected amounts.
2. Choosing unregulated brokers – Prioritize security over higher rebate percentages.
3. Ignoring terms & conditions – Some programs void cashback if trades are scalped or held too briefly.

Conclusion

Claiming forex cashback as a beginner is straightforward once you understand the process. By selecting a reputable provider, linking your trading account, and actively monitoring rebates, you can significantly reduce trading costs. Follow this step-by-step guide to ensure you earn and withdraw cashback efficiently in 2024.
Next Steps:

• Compare top cashback providers.
• Start trading with a rebate-friendly broker.
• Track and withdraw earnings regularly.

By implementing these strategies, even novice traders can benefit from forex cashback, turning trading costs into recoverable profits.

5. Maximizing Cashback Earnings

For beginners in forex trading, cashback programs offer an excellent way to reduce trading costs and enhance profitability. However, simply enrolling in a cashback service isn’t enough—you need a strategic approach to maximize your earnings. This section explores actionable strategies to help you get the most out of forex cashback programs in 2024.

Understanding Forex Cashback Mechanics

Before diving into optimization techniques, it’s essential to understand how forex cashback works. Cashback is typically a rebate paid per lot traded, either as a fixed amount or a percentage of the spread. The more you trade, the more you earn. However, maximizing cashback isn’t just about trading more—it’s about trading smarter.

Key Factors Influencing Cashback Earnings:

1. Broker Selection – Some brokers offer higher rebates than others.
2. Trading Volume – More lots traded = higher cashback.
3. Cashback Provider – Third-party services may offer better rates than broker-direct programs.
4. Account Type – ECN accounts often yield higher rebates due to tighter spreads.

Strategies to Maximize Forex Cashback

1. Choose the Right Cashback Provider

Not all cashback services are equal. Beginners should compare:

• Rebate Rates – Look for providers offering the highest returns per lot.
• Payout Frequency – Weekly, monthly, or per-trade payouts affect liquidity.
• Supported Brokers – Ensure your preferred broker is covered.

Example: A provider offering $5 per lot on a major forex pair is better than one offering $3, assuming similar broker conditions.

2. Optimize Your Trading Volume

Since cashback is volume-based, increasing your trading activity (responsibly) can boost earnings. Consider:

• Scalping Strategies – High-frequency trading generates more lots.
• Larger Position Sizes – Trading bigger lots increases rebates but requires risk management.
• Consistent Trading – Regular activity compounds cashback over time.

Caution: Avoid overtrading just for rebates—always prioritize sound trading strategies.

3. Utilize Multiple Broker Accounts

Diversifying across several cashback-eligible brokers can:

• Maximize Rebate Opportunities – Different brokers may offer varying rebate structures.
• Hedge Against Broker Risks – If one broker changes policies, others still provide earnings.

Pro Tip: Some cashback providers allow linking multiple broker accounts under one dashboard.

4. Trade High-Rebate Currency Pairs

Cashback rates vary by currency pair. Major pairs (EUR/USD, GBP/USD) often have higher liquidity and rebates than exotics.
Example:

• EUR/USD may offer $7 per lot.
• USD/TRY might only provide $2 due to lower liquidity.

### 5. Leverage Promotions and Bonuses
Some cashback providers and brokers run limited-time promotions, such as:

• Double Rebate Events – Temporary increases in payout rates.
• Sign-Up Bonuses – Extra cashback for new users.

Action Step: Subscribe to cashback provider newsletters to stay updated on deals.

6. Monitor Spreads and Execution Quality

Cashback is often tied to spreads, so:

• Tighter Spreads = More Rebates – ECN brokers usually offer better conditions.
• Avoid Slippage – Poor execution can reduce effective cashback earnings.

Example: If a broker has a 1-pip spread on EUR/USD, a 0.5-pip rebate is more impactful than on a 3-pip spread.

7. Reinvest Cashback into Trading

Instead of withdrawing rebates immediately, consider:

• Compounding Earnings – Use cashback to fund additional trades.
• Risk-Free Growth – Since rebates are guaranteed, they can offset losses.

Case Study: A trader earning $500/month in cashback reinvests it, gradually increasing position sizes and overall profitability.

Common Pitfalls to Avoid

While maximizing cashback is beneficial, beginners should watch out for:

1. Overtrading for Rebates

• Risk: Taking excessive trades just to earn cashback can lead to losses.
• Solution: Stick to your trading plan and only execute well-analyzed trades.

### 2. Ignoring Broker Reliability

• Risk: Some high-rebate brokers may have poor execution or withdrawal issues.
• Solution: Prioritize regulated brokers with strong reputations.

### 3. Not Tracking Rebate Payments

• Risk: Missing discrepancies in payouts can cost you money.
• Solution: Maintain a rebate log and cross-check statements monthly.

## Final Thoughts
Maximizing forex cashback earnings requires a blend of strategic trading, broker selection, and disciplined execution. For beginners, the key is to integrate cashback optimization into an existing trading strategy—not the other way around. By following these steps, you can turn cashback into a consistent income stream that reduces costs and enhances long-term profitability.
Next Step: In Section 6, we’ll explore how to withdraw and utilize your forex cashback effectively.
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FAQs: Forex Cashback for Beginners (2024)

What is forex cashback, and how does it work for beginners?

Forex cashback is a rebate system where traders receive a portion of their spreads or commissions back per trade. For beginners, it reduces trading costs and provides a safety net while learning.

What are the best types of forex cashback in 2024?

The top cashback types include:

• Spread rebates (a % of the spread refunded)
• Volume-based cashback (higher rebates for more trades)
• Affiliate-linked cashback (bonuses for referrals)

How do I choose a broker for forex cashback?

Look for:

• Transparent payout terms (no hidden clauses)
• Good reputation (regulated brokers like FCA, ASIC)
• Flexible withdrawal options (low minimum thresholds)

Is forex cashback taxable?

This depends on your country. Some regions treat cashback as rebates (non-taxable), while others classify it as income. Consult a tax professional.

Can beginners really profit from forex cashback?

Yes! Even small rebates add up over time, especially for active traders. Pair cashback with risk management to enhance profitability.

How often do brokers pay forex cashback?

Most pay weekly or monthly, but check your broker’s policy. Delays or irregular payouts could signal red flags.

What’s the fastest way to maximize forex cashback earnings?

• Trade more frequently (higher volume = more rebates)
• Use tight-spread pairs (like EUR/USD)
• Combine cashback with low-commission accounts

Do all forex brokers offer cashback programs?

No—many require signing up through a cashback provider or affiliate. Always verify if your broker supports rebates before trading.