Rebate from instaforex account

To Fendy,

A cent account is a type of trading account that uses currency units and trading volume in cents. So, the currency denomination used in this account is Cent Dollar. Where 1 Dollar is equivalent to 100 Cents. So if you deposit funds of $10, the balance that will appear on your trading platform is 1000 Cent Dollars. This also applies to profit/loss calculations. For example, if your trading platform shows a profit of 150, that profit is equivalent to $1.5.

Because it uses a cent currency unit, the lots used will certainly be smaller compared to lots in other accounts. For example, if you trade with a size of 1 lot in a cent account, that lot is equivalent to 0.01 in a standard account. If you use a size of 0.01 in a cent account, that lot is equivalent to 0.0001 in a standard account. And so on.  

Read also : Difference Between Cent Account And Micro Account

Regarding rebates, you can ask this directly to the broker in question. However, in general, a rebate is a division of commissions given by the broker to their traders/clients. The amount of rebate given varies, depending on the broker's policies and the lots that have been traded. Usually, rebate calculations will be calculated at the close of the market and given directly (will automatically enter the trading account) the next day.

For example, simulation, for example broker A provides a rebate program of $10 for every 1 lot settled (positions that are closed, regardless of whether the position is closed in profit or loss). Then you start trading by opening several positions. Then, on the eve of market closure, you close some of those positions. The total number of lots from positions you have closed is 1.2 lots. Then the rebate you will likely receive the next day is $12. More or less that's the simulation. However, for more details, regarding how much the rebate is or what are the requirements, you can directly contact the broker in question.

Hopefully this can help.