A rebate is a discount on your trading costs, so the useful unit is not dollars per month — it is pips off the spread on every trade you take.
| Monthly volume | Rebate / lot | Monthly rebate | Spread saved |
|---|---|---|---|
| 50 lots | 3.00 USD | 150.00 USD | 0.30 pips |
| 200 lots | 5.00 USD | 1,000.00 USD | 0.50 pips |
| 500 lots | 7.00 USD | 3,500.00 USD | 0.70 pips |
| 1,000 lots | 10.00 USD | 10,000.00 USD | 1.00 pips |
A per-lot payment returned to you out of the spread or commission your broker earns, usually via an introducing broker. It is paid on volume, so it accrues whether the trade won or lost.
Dollars per month depends on how much you trade; pips off the spread does not. Converting the rebate through your pip value gives a number you can compare directly against a competing broker's raw spread.
Almost never. A rebate is a fraction of a pip against a spread of one or more, so it improves a marginal edge — it does not create one. Trading extra volume to earn rebates reliably costs more than it returns.
Whether the rebate is paid on all instruments or only FX, whether volume tiers reset monthly, and whether accepting it moves you to a wider spread or a worse execution model. A rebate on a worse fill is not a saving.
PipSync is a signal execution tool. It does not provide trading signals, does not guarantee any trading results and is not investment advice. Trading leveraged products involves substantial risk of loss.