How to calculate a Forex rebate from MT4 and MT5 records

Start with the rebate rule, not the platform

MT4 and MT5 display trading records and symbol specifications. They do not determine a third-party rebate. First identify the program’s unit: eligible lots, commission actually charged or notional turnover. Then use the platform record that matches that definition. “Lots traded” can mean closed lots, one-way volume or a completed open-close cycle, depending on the terms.

In MT4 or MT5, open the relevant account history or statement and filter the period required by the program. Keep symbol, volume, commission, fees and close status together. In the symbol specification, check the broker’s contract size and volume step; MetaTrader’s own documentation explains that contract size is set for the instrument and one lot is not a universal unit across every product.

MetaTrader 4 — Contract specification ↗MetaTrader 5 — Symbol properties and contract size ↗

Formula 1: a fixed amount for each eligible lot

Formula: eligible lot units × rebate per unit. For a hypothetical program that pays USD 2 for each eligible round-turn lot, 4.5 qualifying lots produce USD 9.00. This only works if the written program defines a qualifying lot on the same basis. If it counts opening and closing sides separately, the recorded volume may differ.

Formula 2: a share of commission paid

Formula: eligible commission actually charged × rebate percentage. If a hypothetical closed trade incurred USD 7.00 in eligible commission and the confirmed share were 40%, the calculation would be USD 7.00 × 0.40 = USD 2.80. Do not multiply a per-side quote by two unless the account terms charge both sides and the program includes both.

Formula 3: a rate on eligible turnover

Some programs use notional turnover instead of lots or the commission line. Apply the published rate to the turnover definition and currency in the terms. For a hypothetical rate of USD 2 per USD 1 million of eligible turnover, USD 1.5 million would produce USD 3.00. Confirm whether opening and closing notional both count and how currency conversion is performed.

Reconcile the estimate with the provider statement

Create columns for date, symbol, eligible volume, commission, program rule and estimated rebate. Exclude ineligible symbols or dates before summing. Then compare the result with the provider or partner statement after the program’s posting time. Rounding, account currency, tier thresholds and contract changes can explain a difference. A spreadsheet estimate is not proof of a payable balance.

Keep rebates separate from trading performance. A positive rebate can coexist with a larger trading loss or other charges. Do not increase trade size or frequency to reach a threshold.

Ask for the exact rule before registration

Before using a partner link, ask which entity and country the offer covers, whether new or existing accounts qualify, which products and platforms count, how volume is defined, what is excluded, when it is paid and whether the amount is withdrawable. FINEX currently advertises up to 100% trading-fee rebates, but your rate and eligible charges require confirmation. Use the provider reviews below to compare terms; do not trade more because a calculation looks attractive.