FX & IB Glossary
Quick definitions of the forex and Introducing Broker (IB) terms that matter when you're comparing brokers or estimating your cashback. Linked where useful from our broker pages and calculator.
- Introducing Broker (IB)
- A business partner registered with an FX broker to refer clients. The broker pays the IB a commission on every trade the referred client makes. ForexCB operates as an official IB for Exness and HFM — the broker auto-rebates a share of our IB commission directly to your broker wallet, daily.
- Spread
- The gap between the buy (ask) and sell (bid) price of a currency pair, measured in pips. It is the broker's built-in fee per trade. Exness cashback on ForexCB is a percentage of this spread cost, paid back after the trade closes.
- Commission
- A fixed per-lot charge some broker account types apply in addition to (or instead of) a spread. HFM Zero-spread accounts charge commission; HFM cashback via ForexCB is calculated from trading volume regardless of whether commission applies.
- Lot
- A unit of trading volume. 1 standard lot = 100,000 units of the base currency. Mini lot = 10,000 units, micro lot = 1,000 units. Cashback is typically calculated per lot traded — 10 standard lots/month is a typical active-trader baseline.
- Pip
- The smallest price movement a currency pair normally makes. For most pairs 1 pip = 0.0001 of the quoted price (0.01 for JPY pairs). Spreads, stop-loss distances and profits/losses are all quoted in pips.
- Cashback (rebate)
- In the IB context, cashback is the share of IB commission that the broker automatically credits to the trader's broker wallet after each trade. It is not a promotion or bonus — it is a portion of the commission the broker already pays to its registered partners like ForexCB.
- Leverage
- A ratio letting you control a position larger than your cash balance. Exness offers up to unlimited leverage for eligible accounts; HFM offers up to 1:2000. Higher leverage multiplies both gains and losses — size positions carefully.
- Swap (rollover)
- An interest adjustment applied to positions held past the daily rollover time, reflecting the interest-rate differential between the two currencies in a pair. Swap can be positive (credited) or negative (charged) depending on direction and pair.