Unlock Extra Earnings: How to Maximize Rebates with Your Broker
Did you know that depending on the broker you choose, there may be more than one way to earn rebates? Some brokers offer a reduction on the spread or commission directly in your account, while others provide monthly cashback. Here's how you can take advantage of these opportunities.
Choose a Broker and Start
Select a broker that fits your trading style—for example, IC Markets. Begin by clicking the yellow Get Cashback button. A new page will open with two options:
1. Add a New Account
2. Transfer an Existing Account
Select 'Add a New Account' to proceed.
Select a Rebate Option
For IC Markets, you have two choices:
1. Spread/Commission Reduction: Opt for lower spreads or reduced commissions. Note that no cashback will be paid since your account already benefits from discounted pricing.
2. Monthly Cash Back: Trade with the broker's standard pricing and receive cashback (rebates) paid monthly to your account with us.
Click on your preferred option, and you'll be redirected to the IC Markets website to open a live account using our referral code. Open the new live account and make a note with the account number. Go back to our website and to the broker's cashback set up page.
Complete Account Set Up
After choosing your rebate option you opened your account with, follow these steps on our website to finalize your account set up::
1. Select the broker’s new live account type,
2. Select your preferred option for rebates (must match the option chosen when you created the new live account),
3. Select the trading platform of your new live account,
4. Enter your account details accurately,
5. Tick the authorization request box to agree to the terms,
6. Click the green Submit button.
Success!
Congratulations! Your account has been submitted successfully. You will have to wait up to 72 hours to have your account linked and verified to our systems and see it on your dashboard - your trading activity will start generating rebates from the moment the account status is set to 'Verified'.
Check Your Submission Status
Stay informed about your submission by clicking on the circle with your initial and selecting 'My Rebates'. In the 'Broker Accounts' section, you'll find your submitted account and its current status.
Start maximizing your trading profits today by taking advantage of broker rebates!