A rebate is a cash refund per lot traded, paid to you by your introducing partner from the IB commission they receive from the broker. Mechanically, here is the full lifecycle.
Step 1 — Account linking
You open a real broker account through a tracked partner link, or you link an existing eligible account to the partner. The broker tags the account as belonging to that partner's book.
Step 2 — You trade normally
No plugin. No EA. No special account type required (other than ones the broker excludes). The broker logs every closed trade in their internal commission report.
Step 3 — Broker reports IB commission
Daily, weekly, or monthly (broker-dependent), the broker calculates IB commission per lot and per instrument and credits the partner's portal.
Step 4 — Partner allocates rebate
The partner reconciles its portal data against your tracked account and computes your share. ShaFX returns the majority back as cashback.
Step 5 — Pending → available → payout
A short pending window allows for refunds and reconciliation. After the pending period the cashback becomes available and counts toward your payout balance. ShaFX pays out weekly above the minimum threshold.
What can interrupt this
- Broker reporting delays.
- Trades on excluded instruments / account types.
- Wash-trading or other broker-prohibited activity reversed by the broker.
- Backdated linking attempts (pre-link trades typically aren't eligible).
Full rules: cashback methodology.
Next steps on ShaFX
- Free trading calculators — position size, pip value, margin, risk/reward, drawdown.
- Take a quiz on this topic and see what you missed.
- Glossary — precise definitions for every term used here.
- Compare brokers using our methodology.