Notes: Please avoid churning as it is not accepted by brokers. If you simply wish to generate rebates for your account without actually trading, please don't, as such rebates will be voided by the broker. What is IC Markets Cashback? Forex rebates (or cashback) is cash you get back (ie cash-back) for each trade you make. Just like with any cashback, you get paid back for performing your regular transactions with the service (a forex broker in our case) and get paid back part of the cost you’re being charged by IC Markets. Important to note that each broker has different cashback rates for account types and instruments. For example, you can receive a cashback of 0.5 pip for each EURUSD trade but no cashback for GOLD trades. Moreover, each broker has different rebates payment terms, such as payment timing (trade open/close, end of month) or trading requirements (minimal trade duration). PAYBACKFX provides real-time reports of each of your cashback (when possible) so you can be rest assured that each and every rebate you should receive is paid to your account. IC Markets forex rebate is a must for any forex trader since it increases your profitability and cuts down costs, and unlike some of our competitors, your trading terms such as the spreads or commissions you pay never change. How IC Markets cashback works? When we refer you to IC Markets to open a new trading account or link an existing trading account under our referrer (when possible), IC Markets pays us a commission which is mostly paid back to you in the form of cashback. How much IC Markets cashback can I earn? IC Markets cashback will depend much on your trading volume, the larger the volume the more cashback you will receive. Below you can use our IC Markets cashback calculator to estimate the monthly or yearly cashback