Every time you open and close a trade, your broker charges a commission or earns from the spread. That cost is unavoidable — it's how brokers stay in business. But there's a mechanism most retail traders don't know about: a portion of that commission can come back to you. This is called a forex rebate, and it works on every single trade you place.
The simple explanation
A forex rebate is a cashback paid per lot traded. When you trade through a broker that has an Introducing Broker (IB) partnership program, the broker shares part of its revenue with the IB partner. If that IB partner — in this case MIONTO — passes most of that share back to you, you receive a rebate on every trade.
You don't trade differently. You don't use a different platform. You just receive money back for the volume you were already generating.
Example: You trade 10 lots of EUR/USD per month. Your broker pays the rebate service $8 per lot. The service returns 85% to you. That's $68 per month — just for trading as you normally do.
How it works: step by step
- You open a broker account through a rebate service's partner link (or transfer an existing eligible account).
- You trade as normal — no changes to your strategy, platform, or execution.
- The broker reports volume to the IB partner on a regular schedule (weekly or monthly).
- The IB partner calculates your rebate based on the lots you traded and the agreed rate per instrument.
- The rebate is credited to your account balance. You withdraw when you reach the minimum threshold.
Who actually pays the rebate?
The broker pays — not you, and not the rebate service. Brokers operate IB programs because introducing brokers bring them clients. In exchange, the broker shares a portion of the revenue that client generates. The rebate service simply routes most of that back to the trader instead of keeping it all.
This is why your trading conditions don't change. The broker isn't cutting your spread or adjusting your execution. The rebate comes from the broker's business revenue, not your account.
Per-lot vs percentage — what's the difference?
Rebates are quoted in two ways:
- Per lot: Fixed amount per standard lot traded, regardless of spread. Example: $6 per lot on EUR/USD. More predictable.
- Percentage of spread/commission: A share of what you actually paid. More variable but can be higher on exotic instruments with wider spreads.
Most forex rebate programs use per-lot rates. Crypto cashback is typically quoted as a percentage of trading fees.
Does it affect execution or conditions?
No. Your spreads, leverage, slippage, and execution speed remain identical to any other client at that broker. The rebate is paid by the broker separately from your trading account. Your account balance and trading P&L are completely unaffected by the rebate mechanism.
How much can you realistically earn?
It depends entirely on your trading volume. A trader doing 20 lots per month on major pairs might earn $80–$160 per month in rebates. A higher-volume trader doing 200 lots could see $800–$1,600. Use a rebate calculator to see exact numbers based on your broker, account type, and volume.
The key insight: rebate earnings scale linearly with volume. The more you already trade, the more you leave on the table by not having a rebate arrangement in place.
Can I get rebate on an account I already have?
This depends on the broker's policy. Some brokers allow existing accounts to be transferred to an IB partner. Others require a new account opened through the partner link. When in doubt, check directly with the broker or with the rebate service before opening a new account.
Is this legitimate?
Yes. IB (Introducing Broker) programs are a standard, regulated business model that has existed in financial markets for decades. Major regulated brokers openly advertise their IB programs. Rebate services are simply a layer on top — they aggregate clients under one IB agreement and pass most of the commission back to individual traders rather than keeping it.