Our most active traders get cashback on every lot traded, if they trade $50 million (USD) or more in notional volume monthly. Start earning cashback today.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose.
Volume based rebates
Earn up to 15% cashback
IG rewards our most active clients with up to 15% cashback on their spread paid. Volume based rebates are automatically credited to your account in the following month, if you qualify.
How does the volume based rebate work?
IG does not charge commissions, so the spread is all that’s paid to open and close positions on forex pairs quoted in USD.* Rebates are calculated based upon the total spread value paid and the applicable percentage of the tier you qualified for. Volume traded is the sum total of opening and closing orders executed in a calendar month.**
You're free to withdraw the rebate or use it to open new trades.
Volume based rebate examples
Spread is calculated as half the difference between the bid and offer prices for the contract traded. The percentage rebate is calculated from the tier applicable to each month's trading, based on the notional USD volume traded that month.
For example, in January you open and close a transaction for 1,000 lots of EUR/USD at price 1.1000 with a spread pip value of 1.0. Your total volume in the month was $110m so you are in the tier 2. The rebate paid for this individual transaction is therefore:
1,000(lot size) x $10(spread) x 8%(rebate) = $800 (rebate paid)
How do I qualify?
To qualify, you will need to have traded the minimum monthly volume within a calendar month. When you trade the minimum notional amount (USD million) of volume required monthly, you'll be rewarded with an automatic monthly rebate for each notional million traded.
Rebates are automatically credited on or around the 10th of the following calendar month.
To see full details click here.
Why does IG offer volume based rebates?
We believe valuable clients deserve valuable benefits - and we show our gratitude to high-volume traders with automatic volume based rebates on the spreads they've paid. If you meet certain thresholds of notional value in forex trading each month, you'll receive a percentage of your spread back.
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*Conversion fees may apply to forex pairs not quoted in USD
**For example, opening and closing $10 million (USD) in notional volume counts as $20 million (USD) towards your volume-based rebate
