Forex broker rebates compared, instrument by instrument

The table below puts each broker’s rebate next to the others on the same instrument and in the
same unit — US dollars per round-turn lot. It is the comparison no individual broker’s own fee page
lets you make, because each of them presents the numbers differently.

Highest rebate by instrument

Each column is that broker’s highest-paying account type. The bold cell is the highest figure in
the row.

Source: the rebate tables published on each broker’s page at Backcom VN.
Updated 08/09/2026, 03:10. Four brokers publish instrument-level rates: Exness, XM, Vantage,
HFM.

How to read this table properly

The highest rebate is not the cheapest broker. This is the most important point
and the most commonly misread one. The account type that pays a large rebate is usually the one with
a wide spread — the big rebate comes out of a big underlying cost.

The figure that actually matters is your net cost:

Net cost = spread + commission − rebate

A broker paying $18 per gold lot on a 45-cent spread can work out more expensive than one paying
$11 on an 18-cent spread. The table above gives you half the calculation; the other half is in the
broker’s own fee schedule.

Why the brokers have different numbers of columns

Brokers do not name their account types the same way and do not offer the same number of tiers.
The table keeps the original names rather than merging them, because merging would imply an
equivalence that does not exist.

• Exness — Standard & Cent, Pro, Raw & Zero
• XM — Standard, Ultra Low
• Vantage — Standard, RAW, Premium
• HFM — Premium, Pro, Zero

The other four brokers

Ultima Markets, VT Markets, EC Markets and IC Markets publish rebates by instrument group rather
than by individual symbol, so they cannot be placed in the comparison above. Their rates are on
their own pages.

When this table changes

Rebate rates are set by the brokers and shift with their partner policies, sometimes several
times a year. The table is rebuilt from the broker pages, so it moves with them. If you quote these
figures, note the date you accessed them.

Check it yourself

Every broker name in the table links to its detail page, which carries the full original table,
the payout cycle and the account types it applies to. For instruments outside the six symbols above,
see the complete table on the relevant broker page.

This article is for information only and is not investment advice. Conditions and fee levels are published by the brokers and can change at any time — check with the broker you actually use. Leveraged forex and CFD trading carries a high level of risk and can cost you your entire deposit.