Which brokers offer rebates or cashback on trading volume?
Verdict
- Pepperstone, our top pick for UK traders, publishes no cashback or volume rebate in our data, and nor does any FCA-regulated broker we track; the cash incentives we found sit on UAE sites.
- Those offers: Equiti's 30% first-deposit bonus on MT5 and ADSS's $50 trading credit on a first deposit; neither firm has a UK retail entity in our data.
- For a UK trader the dependable 'rebate' is cheaper pricing: Pepperstone's Razor on cTrader costs about $4 less per EUR/USD lot round trip than its Standard account at published averages.
- Pepperstone does offer a non-cash extra: a free Bloomberg.com Premium Digital subscription for its traders, with terms applying.
Cashback schemes hand back part of the spread or commission on every lot you trade. They are common outside the UK and hard to find inside it. Here is what we found, why we would still trade with Pepperstone, and how to get rebate-sized savings without a scheme.
No published rebates at Pepperstone, and why we still pick it
Pepperstone's UK pages in our data advertise no cashback or volume rebate for retail clients. What they do publish is low, transparent pricing: Razor EUR/USD averages 0.1 pips, with commission of $3.00 per side on cTrader or $3.50 on MT5, from £2.25 in a GBP account, plus no inactivity fee and free deposits. A rebate only helps if the price left after the refund beats a cheaper account without one, so compare net costs, not refund sizes.
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What we found in our broker data
Capital.com is our second choice in the UK; we found no cashback scheme for it either.
| Broker | Incentive | Where it applies |
|---|---|---|
| Pepperstone | No cash rebate; free Bloomberg.com Premium Digital subscription (terms apply) | Pepperstone traders |
| Equiti | 30% first-deposit welcome bonus on MT5, minimum $100 | UAE site; its UK company serves professional clients only |
| ADSS | $50 trading credit on first deposit | UAE; no UK entity |
| Capital.com | None found in our data | Not applicable |
| IG, CMC Markets | None found in our data | Not applicable |
Do the maths on any rebate
A rebate is worth whatever it leaves you paying per lot. Set it against Pepperstone's published net cost:
- Pepperstone Razor on cTrader: about $7 per EUR/USD lot round trip, from the 0.1-pip average plus $6.
- A hypothetical account at 1.2 pips with a $3-per-lot rebate: $12 minus $3 is $9, still dearer.
- Scale it to your volume: 50 lots a month at a $2 difference per lot is $100 a month.
Savings that work like a rebate at Pepperstone
- Move from Standard to Razor: about $3 less per EUR/USD lot at published averages.
- Move from MT5 to cTrader: another $1 per lot.
- Spread bet where it suits you: no commission and, in Pepperstone's words, CGT-free profits, depending on your circumstances.
- Avoid international wire withdrawals, which Pepperstone's FAQ prices at £15.
Red flags in cashback offers
- Rebates paid only after a high volume threshold you are unlikely to reach.
- Bonuses that lock your deposit until you trade a set number of lots.
- Offers from a company other than the one regulated in your country.
- Pressure to deposit more to unlock a higher tier.
Sources
Offers and pricing as each broker publishes them.
Can I get Pepperstone cashback through a third party?
We do not list or recommend third-party rebate schemes; they are not part of Pepperstone's published terms. Compare any offer with Pepperstone's published net cost per lot before you sign up.
Is the Bloomberg subscription a cash rebate?
No. It is a free Bloomberg.com Premium Digital subscription that Pepperstone offers its traders, subject to terms. It has value if you follow market news, but it does not lower trading costs.
Do any FCA-regulated brokers in your data offer cashback?
None that we found. The incentives in our data appear on UAE sites: Equiti's 30% deposit bonus and ADSS's $50 trading credit.
CFDs and spread bets are leveraged and complex, and you can lose money quickly; incentives never reduce that risk. Consider whether you can afford the high risk of losing your money. This is general information, not investment advice; check each broker's current terms.