A fixed amount per lot
The broker pays a set amount for every standard lot you open and close, whatever the spread was at the time. It is the simplest to check: lots traded multiplied by the rate.
For example: x.xx lots × $x.xx = $x.xx to the IB.
How rebates work
Where the money comes from, and where it goes.
A rebate is not a bonus, a reward or a return on your trading. It is part of a commission the broker already pays, handed back to the person whose trading earned it. Here is the whole mechanism.
1 · Who pays whom
Three parties, three payments.
Brokers pay introducing brokers like Clearback for bringing them clients. That payment is set per lot traded, and it comes out of the spread and commission the client pays. We split it with you.
- You, the traderTrade at the broker's normal prices
- You pay spread and commission on each trade
- The brokerKeeps most of what you paid
- Pays the IB commission: $x.xx per lot
- ClearbackKeeps $x.xx per lot, printed on your statement
- Returns your rebate: $x.xx per lot
The figures are per standard lot and differ by broker and account type. The brokers page lists each one.
2 · Per lot or spread share
The two ways a broker can pay.
A share of the spread
The broker pays a percentage of the spread revenue from your trades. It moves with market conditions, so it is harder to predict. Where a broker pays this way, we convert it to a per-lot figure on your statement.
For example: xx% of $x.xx spread revenue per lot = $x.xx to the IB.
Either way, Clearback returns xx% of what it receives, and the rest is ours. We do not change the split for one client over another.
3 · A worked example
One month, one account, every step.
Figures are shown as x's on purpose. The arithmetic is the point, and your own figures depend on your broker, your account type and what you trade.
| Step | What happens | Figure |
|---|---|---|
| 1 | You trade during the month at the broker's normal prices. | xx.xx lots |
| 2 | You pay the broker's spread and commission on those trades. A rebate account pays exactly the same. | $x.xx per lot |
| 3 | The broker pays Clearback its IB commission on your lots. | xx.xx × $x.xx = $xxx.xx |
| 4 | Clearback keeps its share. | xx.xx × $x.xx = $xx.xx |
| 5 | The rest is your rebate. | xx.xx × $x.xx = $xx.xx |
| 6 | Credited to the trading account the rebate was earned on, within x business days of the broker's statement. | $xx.xx |
If a month's rebate is below the minimum payout of $xx, it carries over to the next month. Nothing expires.
4 · What a rebate is not
A rebate lowers a cost. That is all it does.
If your trading loses money, a rebate makes the loss slightly smaller. It does not turn it into a gain, and it does nothing to the risk of each trade.
- Not a bonus
- It has no conditions attached: no minimum volume, no lock-in, nothing to unlock.
- Not a return
- It is not a profit on your trading. It is part of what you paid, given back.
- Not a reason to trade
- Each extra trade costs you more than it returns. Trading more to earn rebates loses money by design.
- Not advice
- Clearback does not tell you what, when or how much to trade.
5 · Try your own numbers
A calculator that only knows what you tell it.
It starts empty and stays at x's until you type all three numbers. Nothing you type leaves this page.
Still have a question?
Ask us about your broker, your account type or anything on this page. We answer in plain language.
Our conflict of interest, stated plainly
Clearback is paid by the broker for every lot you trade, so the more you trade, the more Clearback earns. Your rebate rises with volume too.
Trading more to earn more rebates is not a reason to trade. A rebate returns part of a cost you have already paid. It does not make a losing trade profitable, and it is not income you can plan on.