In a competitive market, every cost you can reduce is extra profit you keep. A broker rebate gives back part of the spread or commission you pay on each trade. This guide focuses on the practical side of the JustMarkets rebate: how the amount is calculated, how to register so that rebate is tracked, and how to get the most out of it. For the bigger picture of why rebates matter, see JustMarkets cashback benefits and how the JustMarkets rebate works.
Why Does a Broker Offer Rebates?
Brokers pay referral partners a commission for the clients they bring. A rebate partner such as JFRebate passes a large part of that commission back to you. It is a cost-saving model, not a bonus or free money: you must still trade, and trading still carries risk. Read the broker details first in our JustMarkets review.
How to Calculate the Rebate You Earn
Rebate depends on your trading volume, measured in lots, and on the account type and instrument. The basic formula is simple:
Rebate = lots traded × rebate rate per lot
For example, at an example rate of $3 per lot, 10 lots per day is $30 per day. Rates are higher on some instruments, up to $20 per lot at the maximum. Actual rates vary by account type, so treat these as illustrations, not guarantees. You can also try the rebate calculator on our review page.
| Monthly volume | What it means |
|---|---|
| 10 lots | Useful extra savings |
| 50 lots | Strong monthly cost reduction |
| 100+ lots | Serious long-term advantage |
Registration and Claim Process
- Register a new JustMarkets account through the JFRebate link. Existing accounts opened elsewhere cannot be linked later.
- Verify your identity, deposit, and trade as usual.
- Rebate is calculated automatically from your closed trading volume and credited to you; you do not need to claim it manually.
Open a JustMarkets Account & Activate Rebate →
How Rebate Reduces Your Effective Costs
Active traders pay the spread or commission on every trade. A rebate returns part of that cost, so the same trading result nets more profit and losing months hurt a little less. The effect grows with volume, which is why scalpers and day traders benefit most.
Comparing Rebate With Other Brokers
When comparing rebate offers, look at the whole package: low trading costs, a transparent payout process and reliable regulation. A big rebate headline is not worth much if the account type charges high spreads or the broker is not trustworthy. Compare brokers in our guide to brokers with rebates.
Tips to Get the Most From Your Rebate
- Choose the account type that matches your style, not just the one with the biggest rebate. See best account type.
- Trade your normal strategy; do not overtrade just to earn rebate, because that adds risk and cost.
- Track your volume monthly so you know your real savings.
- Protect capital first: use a stop loss and size positions by risk.
The Same Formula, Three Different Traders
Take a flat $3 per lot for the examples. Real rates vary, but the method does not.
| Trader | Lots traded | Calculation | Rebate | |
|---|---|---|---|---|
| A: tests with 0.01 lots, 40 trades | 0.40 | 0.40 × | .20 | |
| B: trades 1 lot a day for 20 days | 20 | 20 × | ||
| C: scalps 20 lots a day for 20 days | 400 | 400 × | ,200 |
Trader A’s rebate is a rounding error. Trader C’s is a serious number, but trader C also pays serious spread and needs to be consistently profitable to justify that volume. The formula is easy; what matters is knowing where you sit.
Turning Rebate Into Pips
A useful way to judge a rebate is to convert it into pips. On EUR/USD, one pip on a standard lot is worth roughly . A rebate is therefore worth about 0.3 pip per lot. If your all-in cost is 1.0 pip, the effective cost after rebate is about 0.7 pip. If your cost is 0.3 pip on a Standard account, a rebate of that size would roughly cancel the spread, so check the real rate for your account before planning around it.
| Quoted spread | Rebate worth | Effective spread |
|---|---|---|
| 0.3 pips | 0.3 pips | about 0.0 pips before commission |
| 1.0 pip | 0.3 pips | about 0.7 pips |
| 1.5 pips | 0.3 pips | about 1.2 pips |
Use this only as a thinking tool. Rates differ by instrument and account, and your real cost includes swap and any commission. Our guide to pips and pip value explains the conversion in more detail.
Different Instruments, Different Rates
Forex majors, metals, indices and crypto CFDs rarely share a single rate. Some are paid per lot, others as a share of the spread, and the lot size itself means something different from one instrument to the next. When you look at a rebate table, check which unit it uses before you multiply anything.
Keeping a Simple Rebate Log
You do not need software. A spreadsheet with six columns is enough: date, instrument, lots, rate, expected rebate, rebate received. Fill it weekly from your trade history. Two months of data will tell you three things at once: your real monthly volume, whether payouts match your expectation, and how much of your cost the rebate is actually covering.
For the bigger picture of how the programme works, read how the JustMarkets rebate works and compare options in brokers with rebates.
Mistakes That Make the Maths Wrong
- Confusing lots with units. One standard lot is 100,000 units of the base currency. A trade of 0.10 lots is a tenth of one lot, not ten lots.
- Counting open trades. Rebate follows closed volume; floating positions are not counted yet.
- Using the wrong unit for the rate. Some rates are per lot, some are a share of the spread, and some apply per side rather than per round turn.
- Mixing instruments. A gold lot and a EUR/USD lot are different sizes and often different rates.
- Forgetting the account type. The same instrument can pay differently on a Standard and a Raw Spread account.
Using the Calculator on the Review Page
The JustMarkets review page includes a small rebate calculator. Enter the number of lots you expect to trade and it multiplies by the published rate. Treat the result as an estimate. Your real figure depends on the account and instrument, and it is worth comparing the estimate with your first statement.
When Extra Volume Stops Being Worth It
If you add a trade only to collect $1 to $5 of rebate, you also pay the spread, you take market risk, and you spend attention that your better setups need. A simple rule: a trade must pass your normal entry criteria before the rebate is even considered. Rebate lowers the cost of trades you would have made anyway, nothing more.
Before You Start Trading
Read the overview of how the rebate works and decide which account type fits your style with the account comparison. Then do the sums for your own volume, not an average trader’s.
What If Your Rate Is Lower Than the Example?
The examples above use per lot. Your actual rate may be lower or higher depending on the account type and instrument, so test the sensitivity before you plan around any figure. For 20 lots in a month:
| Rate per lot | Monthly rebate for 20 lots |
|---|---|
What If Your Rate Is Lower Than the Example?.50 |
|
| 0 |
The difference between the low and high case is a month, which is worth knowing before you choose an account on the strength of one number.
A Month-End Routine
- Export the trade history and filter closed trades.
- Sum the lots by instrument.
- Multiply by the published rate for each instrument and account type.
- Compare the total with the rebate you received.
- If the gap is more than a few percent, send the rebate provider the trade list and ask for a reconciliation.
Doing this twice builds the habit and shows whether the programme works as described.
A Sanity Check Before You Rely on Any Rebate Figure
If a rebate looks too generous compared with the spread you pay, ask where the money comes from. A broker only shares a portion of what it earns on your trades, so an enormous rate on a tight-spread account deserves a question to the provider: which account type, which instruments and what conditions? Reasonable answers are specific and in writing. Vague answers are a signal to wait.
FAQ
Do I need to win trades to earn rebate?
No. Rebate is based on trading volume, whether the trade wins or loses.
Is there a minimum volume?
Rebate accrues per lot traded. Check the current program terms for any minimum payout thresholds.
Does rebate change my spreads?
No. Your trading conditions stay the same; rebate is paid from the referral commission.
Risk Disclaimer: Trading forex and CFDs carries a high level of risk. Rebates reduce cost but do not guarantee profit. This article is for information only and is not financial advice.
A Quick Worked Example
Suppose you trade 4 lots a day for 20 trading days on an instrument with a rebate rate of $3 per lot. That is 80 lots in the month, so the rebate is 80 × $3 = $240. If your rate were lower on a different instrument, the result would scale down in the same way. Always check the rate that applies to your account and instrument.
Om Erick, CTA, is a Certified Technical Analyst and a forex trading veteran active since 2010, recognized as one of the Top 35 Best Traders in the World (MQL5, 2024). As the author of “Belajar Trading dari 0” and “Psikologi Trading,” as well as an active Psychological Trading Coach, Om Erick is dedicated to providing objective, data-backed trading guidance. Through JFRebate, he helps traders achieve peak performance by providing access to trusted brokers and a transparent, industry-leading rebate system.