How do TMGM rebates work at Max Rebate?
A trading rebate is a fixed amount paid back to the trader for every standard lot traded, funded by the commission the broker pays the Introducing Broker (IB). On a TMGM STD account, Max Rebate currently returns USD 10 per lot on forex and USD 20 per lot on gold.
A rebate returns an eligible part of trading-related commission, subject to account attribution, product rules and approval. Max Rebate is an independent service. Its published rebate table describes its own arrangement, not a rate guaranteed to every TMGM account.
Check the current published table, confirm eligibility, and compare the amount received with eligible trading records. A rebate does not reimburse every trading cost or guarantee a profit.
- Trading costs
Trades carry spreads or commissions.
- TMGM pays IB commission
TMGM pays IB commission on eligible lots.
- Account under Max Rebate’s IB
Correct attribution, eligible trading and platform approval are required.
- 100% of the returnable part
Max Rebate returns the eligible, returnable commission it actually receives, with no extra service cut.
100% does not mean all trading costs. The rebate service does not raise spreads or change trading conditions. Actual conditions remain subject to the platform and account group.
What is a rebate per lot?
Rebates are counted in standard lots, not in number of orders or account balance. One standard lot of a major forex pair is 100,000 units of the base currency; one standard lot of TMGM gold (XAUUSD) is 100 ounces. Smaller trades earn a proportional share.
| Trade (TMGM STD account) | Rebate per standard lot | Rebate on this trade |
|---|---|---|
| 1 lot EURUSD | USD 10 | USD 10 |
| 0.1 lot EURUSD | USD 10 | USD 1 |
| 0.5 lot XAUUSD (gold) | USD 20 | USD 10 |
| 20 lots gold in a month | USD 20 | USD 400 |
The rate depends on the account type and the instrument. Rates for PM, DC, PRO and RAW07 accounts and for other products are in the current rebate table. Eligibility and final amounts follow platform records and approval.
How do the trader, broker and IB relate to each other?
IB stands for Introducing Broker. In simple terms, an IB introduces clients to a broker and may help with account opening, account attribution and ongoing support. When eligible clients trade, the broker may pay the IB a commission under the relevant partnership arrangement.
The exact calculation differs by broker, account group and agreement, but the basic flow can be understood like this:
So a rebate is not money created from nowhere. It is the amount of eligible IB commission that the IB chooses to return to the trader.
Why do rebate providers offer different rates?
Once an IB receives commission, it can keep more of that commission as revenue or return more of it to the client.
That is why the same broker and account type can show different rebate figures on different rebate websites. The important question is not simply “who advertises the highest rebate?” but how much your exact account and product actually receives per standard lot.
What does “full rebate” actually mean?
This term is easy to misunderstand. A full rebate does not mean that 100% of every spread and fee charged by the broker is refunded.
At Max Rebate, “full rebate” refers to returning the eligible IB commission available under the current arrangement to the client, subject to correct account attribution, valid trading activity and platform approval, rather than taking an additional service share from that eligible rebate.
Using the current TMGM STD gold structure displayed on Max Rebate as an example:
| Example rebate arrangement | Per standard lot |
|---|---|
| Other common rebate example | USD 18 |
| Current Max Rebate arrangement | USD 20 |
| Difference per lot | USD 2 |
Actual eligibility, account groups and amounts remain subject to platform records and approval.
Why does a USD 2 difference matter to EA and high-frequency traders?
For a low-frequency trader, USD 2 per lot may not look significant. For EA, systematic or naturally high-frequency traders, the difference compounds with volume.
| Monthly trading volume | Extra rebate per month | Extra rebate per year |
|---|---|---|
| 100 lots | USD 200 | USD 2,400 |
| 500 lots | USD 1,000 | USD 12,000 |
| 1,000 lots | USD 2,000 | USD 24,000 |
This is why active traders should compare long-term all-in costs, rather than looking only at one advertised spread or commission figure.
Why does rebate transparency matter?
A trader should be able to answer at least four questions:
- Which account group am I in?
- What is the rebate per lot for the products I actually trade?
- Is my account correctly attributed to the relevant IB?
- Can I reconcile the rebate received with my own trading records?
This is why Max Rebate publishes information about TMGM rebates, TMGM account types, account-opening links, existing-account handling and trading costs. The goal is for clients to understand how commissions are calculated before they trade, rather than discovering missing value after settlement.
What should I check if a rebate does not match my estimate?
Match the account, instrument, eligible volume and reporting period before comparing amounts. Keep your own estimate, any pending amount shown in a statement, and money actually credited in separate records.
| Check | What to compare |
|---|---|
| Account and instrument | Use records for the same account and instrument, together with the rate confirmed for that account. |
| Eligible standard lots | Compare eligible volume in standard lots. The number of orders is not the number of lots, and unconfirmed volume is not confirmed eligible volume. |
| Reporting period and time zone | Note the start and end times and the time zone shown in each report. Align the periods before comparing totals. |
| Amount status | Separate your calculation, any pending amount shown in a statement, and actual credits. An estimate is not a platform statement. |
If a difference remains, prepare your application reference, if available, the reporting period, the instrument, and the volume and amounts shown in the relevant records. Use Max Rebate's existing contact channels to ask which supporting details are needed. Do not post full account records publicly or share passwords or verification codes.
Rebates reduce costs — they are not a trading strategy
Trading more simply to earn more rebates is not sensible. More trades can also mean more spreads, commissions, slippage and market risk.
The better way to think about rebates is: if these trades would have happened anyway, the rebate can reduce part of their cost. For traders who already use EAs, systematic strategies or high-frequency approaches, small differences per lot naturally become more meaningful as legitimate trading volume grows.
Can an existing TMGM account receive rebates?
An existing account can be submitted for an eligibility review. A successful transfer or rebate activation cannot be promised in advance.
Follow the existing-account review steps, provide the information requested by the application form, and keep the reference number. If the account was registered more than 3 days ago, email Max Rebate and Max Rebate will explain how it can be handled. Never share passwords or verification codes, and do not use false details or another person's identity.
Frequently asked questions
Does a 100% rebate refund all trading costs?
No. At Max Rebate it refers to the eligible commission received and returnable under the arrangement. Spreads, fees and other trading costs are not automatically refunded in full.
Do losing trades earn rebates?
Yes. Rebates are based on eligible lots traded, not on whether a trade made or lost money. A rebate reduces part of the cost of a trade; it does not cover the loss itself.
Does using a rebate service raise my spread?
No. The rebate comes from the commission the broker already pays the IB. Spreads and trading conditions are set by the platform and account group, not by the rebate service.
When are TMGM rebates paid at Max Rebate?
Rebates are settled daily. Rebates for trades closed on one day are credited to the matching MT4/MT5 trading account the next day, subject to platform records and approval.
Are forex rebate services legit?
The rebate itself is a common arrangement: the broker pays the IB a commission on eligible lots, and the service returns part of it to the trader. Whether a particular service can be trusted depends on how it works. A reliable one does not handle client funds, never asks for passwords or verification codes, states clearly that it is not the broker's official website, publishes how rebates are calculated and does not promise profits.
Do I need to give my trading password to get rebates?
No. A rebate application needs only the email address registered with TMGM. Max Rebate never asks for trading or investor passwords, verification codes or card details. Treat any rebate service that asks for them as a warning sign.
Does submitting the form activate rebates?
No. Submission starts a review. Account attribution, eligibility and the applicable terms must be confirmed before rebates can be treated as active.
How can I check a rebate payment?
Compare the confirmed product rate and eligible standard lots with the amount recorded by the platform. Keep pending estimates separate from money received, and ask for a review if the records differ.
Why can a rebate differ from my estimate for the same trading volume?
Check that both records cover the same account, instrument and reporting period, using the confirmed account rate and eligible standard lots. Estimates, pending amounts (if shown) and actual credits are different states. Ask for a review if the records still differ; order count alone does not establish an underpayment.
What should I prepare before asking about a rebate difference?
Prepare your application reference, if available, the instrument, the reporting period and time zone, and the eligible volume, estimate and actual credit shown in the relevant records. Confirm the required supporting details through the existing contact channels. Do not publish full account records or share passwords or verification codes.
IBs, rebates and Max Rebate in one sentence
Original Max Rebate editorial article, rewritten from general public industry explanations and adapted specifically to IB, TMGM rebate and full-rebate use cases.