Forex lot size explained: how lots and rebates are calculated
Cashback is paid per lot, so it helps to know exactly what a lot is and how your volume is counted.
Standard, mini and micro lots
| Lot | Size | Units (forex) |
|---|---|---|
| Standard | 1.00 | 100,000 |
| Mini | 0.10 | 10,000 |
| Micro | 0.01 | 1,000 |
For gold (XAUUSD), one standard lot is usually 100 ounces.
How volume is counted for rebates
A lot counts once it is opened and closed. Opening and closing 1.00 lot is one lot. Ten trades of 0.10 lots each also add up to one lot. Rebates are calculated on closed trades only.
Example
If you trade 2.00 lots of EURUSD per day for 20 trading days, that is 40 lots a month. At up to $1.40 per lot, that is about $56 back for the month on major pairs.
Why does the rebate differ by instrument?
Brokers pay partners different commissions for currencies, metals, indices, energies and crypto. A cashback provider passes on part of what it receives, so per-lot rebates are highest on major currency pairs and lower on instruments where the broker pays less.
Tips to make the most of cashback
- Trade the account type your cashback covers (Standard for ProRebateFX).
- Register your account number as soon as you open it, so no volume is missed.
- Never trade just to earn rebates: brokers can cancel rebates for trades with no genuine market intent.
Frequently asked questions
Is 0.01 lot eligible for cashback?
Yes. Small trades add up: 100 trades of 0.01 lots equal one lot.
Do pending orders count?
No. Only trades that are opened and then closed count towards your volume.
Get up to $1.40 back per lot on IC Standard accounts. Free to join, paid on the 15th of every month via PayPal.
Sign up for cashbackRisk warning: Forex and CFD trading carries a high level of risk due to leverage and may result in the loss of all your capital. ProRebateFX is an introducing partner of IC and is not a broker. IC does not accept residents of the US, Canada, Israel, New Zealand, Iran or North Korea.