TL;DR — Linking your IC Markets Raw account to Expaid earns a cashback rebate of up to $6 per forex lot and $9 per gold (XAUUSD) lot, paid daily whether the trade wins or loses. For a true ECN broker with raw spreads, that rebate is a direct cut in your round-trip cost.
What is IC Markets cashback?
IC Markets runs raw-spread (Raw/ECN) accounts where you pay a commission per lot. Expaid partners with IC Markets as an introducing broker (IB) and returns most of that commission to you as a fixed per-lot rebate, credited daily. Because raw-spread traders pay commission on every trade, a rebate lowers your effective cost on each round turn — win or lose.
How much IC Markets rebate can you earn?
| Instrument | Account | Rebate per lot |
|---|---|---|
| Forex | Raw | $3.00 – $6.00 |
| Gold (XAUUSD) | Raw | $4.00 – $9.00 |
Rates depend on volume and instrument. IC Markets suits serious and high-frequency traders who value tight raw spreads and fast execution.
A worked example
Trade 40 forex lots and 10 gold lots in a month and, at the top rates, you earn (40 × $6) + (10 × $9) = $330 of cashback that month — on top of your P&L and credited daily. Estimate your own rebate here.
Existing account or new account?
IC Markets supports linking an existing account under Expaid — keep your funds, spreads and open positions and simply start earning. New to IC Markets? Open a Raw account through Expaid's link so tracking is attached from your first trade. The steps are on the IC Markets cashback page.
How you get paid — and is it safe?
Cashback is credited daily into your IC Markets trading account; use it as margin or withdraw it like any other funds. IC Markets is regulated by ASIC and CySEC, and Expaid never holds your money. Joining is free and your spreads and execution are unchanged.
In our view — IC Markets is built for cost-sensitive, high-volume traders. The $200 minimum is higher than most, but if you already trade raw spreads the rebate is essentially free savings on commission you're paying anyway.
Is IC Markets cashback worth it?
For active ECN traders, yes — a per-lot rebate directly offsets the commission that raw-spread accounts charge. Compare it with the rest of the board in our broker comparison or the live rate board, then create your Expaid account.