Forex Rebate Programmes in Europe 2026
Cashback and rebate programs pay you back a portion of the spread or commission on every trade you place, making them one of the only legal ways EU retail clients can receive ongoing value from their broker beyond raw pricing. Unlike prohibited bonuses, rebates reduce effective trading costs and are fully compliant with ESMA rules. We rank brokers by the size of the rebate, transparency of the calculation, minimum volume requirements, and compatibility with EU-regulated accounts.
Tier-1 regulated only. We only list brokers regulated by FCA, CySEC, BaFin, ASIC, or equivalent tier-1 regulators.
The full ranked comparison, with per-lot rebate values and effective cost per broker, is on our best forex brokers with cashback and rebates in Europe.
For CFD bonus offers in the UK and the FCA rules behind them, see CFD trading bonus offers UK 2026.
ESMA Compliance Note
Under ESMA rules (in force since 2018), EU-regulated brokers are prohibited from offering bonuses and incentives to retail clients. This applies to all forms of trading credit, welcome bonuses, and deposit-matching offers for retail accounts. Brokers listed here may offer such incentives only via (a) non-EU entities, (b) professional accounts where the retail rules do not apply, or (c) legal alternatives like cashback rebates and loyalty rewards that are fully compliant with ESMA rules. We always recommend EU retail clients prioritize regulation and execution quality over short-term bonus offers.
| # ▲▼ | Broker ▲▼ | Score ▲▼ | Cost/Lot ▲▼ | Min Deposit ▲▼ | EUR/USD ▲▼ | Max Leverage ▲▼ | Regulators ▲▼ | Platforms ▲▼ | Action |
|---|---|---|---|---|---|---|---|---|---|
| 1 |  IC Markets | 9.1 | $8.00 | $200 | From 0.0 pips (Raw Spread), from 0.8 pips (Standard); Raw Spread EUR/USD average 0.1 | Up to 1:30 | ASICAustraliaFSASeychelles | MetaTrader 4, MetaTrader 5, cTrader, TradingView | This broker does not accept new clients from your region |
| 2 |  | 9.1 | $5.56 | None | From 0.1 pips (IBKR Pro) | Up to 1:30 | SECUSAFCAUKCBIIrelandMNBHungary | Trader Workstation (TWS), IBKR Mobile, IBKR GlobalTrader, Client Portal | This broker does not accept new clients from your region |
| 3 |  | 9.0 | $11.00 | None | 0.8–1.6 pips (Classic minimum by country: UK 0.8; Saxo Bank A/S 1.1; France 1.6); lower on Platinum/VIP | Up to 1:30 | ASICAustralia | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor | This broker does not accept new clients from your region |
| 4 | T2 Trading 212 | 8.9 | $13.00 | €1 | 1.3 pips average | Up to 1:30 | FCAUKCySECCyprusFSCBulgariaASICAustralia | Trading 212 Web, Trading 212 App | This broker does not accept new clients from your region |
| 5 |  | 8.9 | $7.00 | None | 0.7 pips average | Up to 1:30 (EU/UK/AU); international clients onboard via CMC Markets Bermuda Ltd (BMA), outside EU/UK compensation schemes | BMABermudaASICAustralia | Next Generation Platform, MetaTrader 4 | |
| 6 |  | 8.8 | $8.00 | CHF 1000 | 1.4–1.9 pips entry tier (EU Standard 1.9; international Standard 1.8; UK Premium 1.4) | Up to 1:30 | FINMASwitzerlandSFCHong Kong | Swissquote Platform, MetaTrader 4, MetaTrader 5 | This broker does not accept new clients from your region |
| 7 |  | 8.6 | n/a | None | 0.6–0.7 pips minimum (UK 0.6; Australia 0.7); EU entity publishes no EUR/USD spread | Up to 1:30 | ASICAustralia | OANDA Platform, MetaTrader 4, MetaTrader 5, TradingView | Affiliate programme not available |
| 8 |  | 8.5 | $12.28 | $100 | From 0.4 pips (cTrader), from 1.2 pips (Standard); FxPro EU entity, cTrader daily average 0.43 | Up to 1:30 | FSCASouth Africa | MetaTrader 4, MetaTrader 5, cTrader, FxPro Platform | This broker does not accept new clients from your region |
| 9 |  | 8.4 | $7.00 | $100 | 0.0 pips (Raw), 1.0 pips (Standard) | Up to 1:30 | ASICAustralia | MetaTrader 4, MetaTrader 5, TradingView | This broker does not accept new clients from your region |
| 10 |  | 8.4 | $4.50 | None | From 0.0 pips (Pro), from 0.6–0.68 pips (Standard) | Up to 1:30 | ASICAustraliaDFSADubai | MetaTrader 4, Axi Copy Trading App | This broker does not accept new clients from your region |
| 11 |  | 8.4 | $7.00 | $100 | 0.7–0.8 pips minimum (Standard: 0.7 EU/UK; 0.8 international), from 0.0 pips (RAW Spread; not offered in the UK) | Up to 1:30 | ASICAustralia | Forex.com Platform, MetaTrader 4, MetaTrader 5, TradingView | This broker does not accept new clients from your region |
| 12 |  FXTM | 8.4 | $7.00 | $30 | From 0.0 pips (Advantage), from 0.9 pips (Rewards), from 1.5 pips (Rewards Plus), from 1.7 pips (Micro) | Up to 1:30 | FSCASouth Africa | MetaTrader 4, MetaTrader 5, FXTM Trader | This broker does not accept new clients from your region |
| 13 | A Admirals | 8.2 | $7.00 | €25 | 0.0 pips (Zero), 0.5 pips (Trade) | Up to 1:30 | CySECCyprusFCAUK | MetaTrader 4, MetaTrader 5, MetaTrader Supreme Edition, SteamTrader | |
| 14 |  | 8.1 | $13.00 | £50 | 1.3 pips (Standard) indicative | Up to 1:30 | ASICAustralia | Trading Station, MetaTrader 4, TradingView, ZuluTrade | This broker does not accept new clients from your region |
Risk warnings
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
73% of retail CFD accounts lose money.
72% of retail CFD accounts lose money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ESMA-Compliant Alternatives to Bonuses
EU retail clients cannot receive bonus credit, but these legal alternatives provide equivalent or better value.
Cashback Rebates
Third-party rebate programs refund a portion of every spread or commission you pay, reducing your effective trading cost. This is legal and often more valuable than a bonus.
Loyalty Tiers
Long-term clients receive improved pricing, dedicated support, and exclusive research as they accumulate trading volume. Tier upgrades are compliant with ESMA rules.
Professional Accounts
Qualifying traders (€500K portfolio, 10+ trades per quarter, or financial industry experience) can upgrade to a professional account, which is exempt from most ESMA retail restrictions including the bonus ban.
Reduced Commissions
High-volume traders can often negotiate lower per-lot commissions directly with their broker, providing ongoing savings that outpace any one-off bonus.
Free VPS / Premium Tools
Many brokers offer free VPS hosting, premium research subscriptions, and premium trading signals to active clients. These benefits tie to volume rather than deposits, making them compliant.
Raw-Spread Accounts
Switching from a standard account to a raw-spread + commission account can save 20-50% on EUR/USD costs — often a better long-term deal than any welcome bonus.
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CFD Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.