The rebate is calculated based on the lot size traded by the IB’s network clients. The formula used is:
Lots x IB Points x Tick Size x Contract Size = Rebate in USD
Example for an IB who is at a 10-point rebate tier
Forex:
1 Lot Cent EURUSD
1 Lot x 10 x 0.00001 x 1000
= 0.10 USD
0.10 Lot Cent EURUSD
0.10 Lot x 10 x 0.00001 x 1000
= 0.01 USD
0.01 Lot Cent EURUSD
0.01 Lot x 10 x 0.00001 x 1000
= 0.00 USD
Example for an IB who is at a 10-point rebate tier
Gold:
1 Lot Cent Gold (Contract Size 1)
1 Lot x 15 (150% for Metals) x 0.01 x 1
=0.15 USD
BTCUSD.c
(pct / 10000.0) x Contract Size x Open Price x lots / $conv_rate = Rebate in USD
1 Lot Cent BTCUSD.c
20% for Crypto * 0.01 * 110843.27 * 1 / 1
= (20 / 10000.0) * 0.01 * 110843.27 * 1 / 1;
= 2.2168654
= 2.2169 USD
0.1 Lot Cent BTCUSD.c
20% for Crypto * 0.01 * 110843.27 * 0.1 / 1
= (20 / 10000.0) * 0.01 * 110843.27 * 0.1 / 1;
= 0.22168654
= 0.2217 USD
0.01 Lot Cent BTCUSD.c
20% for Crypto * 0.01 * 110843.27 * 0.01 / 1
= (20 / 10000.0) * 0.01 * 110843.27 * 0.01 / 1;
= 0.022168654
= 0.0222 USD