Forex rebate is basically a cash back scheme where traders are given money according to the spread they pay but many brokers don�t have this option. Actually the benefit of rebate is to have extra earning even if we lose a trade, so it can be used for future trading, so it�s very handy for a beginner.
I use rebate service with OctaFX broker, it allows me to earn 50% cash back and that�s up to 15 USD per lot size trade, so having this much back on all trade, I get very relax even if I am losing a trade, I am well aware that this profit will cover up my mistakes and I can try my luck again.