What is a rebate?
To put it simply, a rebate is just another word for a reward, a sort of gratitude from an IB Partner to their clients.
Automated and transparent rebate is undoubtedly one of the most impressive features that we offer to our partners. It allows IB Partners to build stronger bonds with their existing clients, attract new ones and motivate them, increasing income in the process.
How does a rebate work?
An IB Partner picks a certain percentage of the commission they receive from their client’s trades and then returns the chosen amount of funds to the client. In other words, a Partner shares a bit of the commission with the client as a token of gratitude for the client’s trading.
An IB Partner gets to decide how much of the commission is going back to the client and which clients will be entitled to receive rebates. After all parameters are set, rebates are paid each Monday automatically. The rebate size can be adjusted at any time; a successful client can get an even more significant part of the commission if the IB Partner chooses to do so.
What’s in it for IB Partners themselves?
Rebate is an amazingly convenient client retention and income-raising tool that has already proven efficient. When the word “motivation” comes into play, rebates can benefit IB Partners to make even more money.
As an IB partner, when you share some of the commissions you get from your clients’ trades, you motivate them to keep going. The longer they stay with you and the more they trade, the bigger the commission you get. Thus, rebates are a sort of long-term investment.
With a few tweaks in your Partner Area, you create a mechanism to make your clients stay with you and trade longer, eventually bringing you more income.
Finally, another benefit of the rebate feature is that it helps you attract new clients. As you build your reputation as a generous IB Partner to work with, more traders will come. Rebate payouts are perfect for showing your care and the advantages of the broker you’re trading with.
Please refer to this article to learn how to enable the rebate option.
Please be informed that the rebate can only be credited to clients linked directly under your IB account. You cannot provide a Rebate to a Partner attached to you or clients connected to the same Partner.