I'm not going to give you a number, because anyone who gives you a number is guessing or selling. What I can give you is the formula, the variables that actually move it, and a way to estimate your own range honestly.
The formula
Your rebate income comes down to three things multiplied together:
Active clients × lots traded per client × your rebate rate
That's it. Every conversation about IB earnings is really a conversation about one of those three terms.
Your rebate rate is the one that feels most important and matters least. Partners here earn up to $12 per lot. It's agreed on your call and it's the number people fixate on — but doubling your rate doubles your income, while doubling your active client base and keeping them engaged does far more, because it compounds.
Lots traded per client varies enormously and is the term most people ignore. A cautious swing trader placing a few trades a month and an active day trader running positions daily can differ by an order of magnitude — same person, same deposit, wildly different value to you.
Active clients is the term you control, and the word doing the work is active. Not referred. Not signed up. Not even funded. Someone who opened an account and never traded is worth exactly nothing to you.
Why deposit size is the wrong thing to watch
The instinct is to chase people with money. It's the wrong instinct.
You are not paid on deposits. You are paid on volume. A client with $500 who trades most days will generate more rebate than a client with $50,000 who places one trade a quarter. Chasing wealthy referrals rather than engaged ones is the most common mistake I see, and it sends people hunting the wrong audience entirely.
The part that isn't in the formula
Rebates are the base, not the whole picture. Depending on your activity there are other streams — campaign funding to support something you're running, and performance-based payments tied to what you actually build. These aren't automatic and they aren't for everyone; they come out of a conversation about what you're doing and what would help. But the partners who treat this as a business rather than a link tend to end up with more than one line of income.
Estimating your own range
Use the rebate calculator — it takes the same three variables and shows you the shape. A few honest notes on how to use it well:
Be brutal about the active rate. Not everyone you refer will sign up. Not everyone who signs up will fund. Not everyone who funds will trade with any consistency. The drop-off at each stage is steeper than people expect, and the calculator's assumptions are illustrative, not a forecast for your situation.
Model the low case. Run it with what you'd consider a disappointing result. If the disappointing case is still worth your time, you have a real opportunity. If only the optimistic case works, you're relying on things going right.
It's a projection, not a promise. It's arithmetic on inputs you chose. It doesn't know your audience.
What actually separates partners
Having watched this since 2018 across 250-odd partners: the difference between people earning very little and people building something real is almost never the rebate rate. It's:
Retention. Clients who keep trading for a year rather than a month. This is mostly about whether you stay present after the referral.
Client care. Partners who help their clients avoid blowing up their accounts get paid longer. It sounds like a moral point; it's an economic one.
Consistency. Referring a few people every month beats one burst and silence. Rebate income compounds, and compounding needs a steady input.
Honesty about risk. Counterintuitive, but partners who are upfront that most retail traders lose money attract fewer clients who last much longer. Overselling brings you people who feel deceived when reality arrives — they leave, and they tell others.
The uncomfortable truth
Most people who sign up as IBs earn very little. Not because the model doesn't work, but because they treat it as passive when it isn't. They post a link, get a handful of signups, watch the number stay small, and conclude it was hype.
The ones who build something treat it as what it is: a relationship business where you get paid, over time, for the trust you've earned.
Nothing on this page is a promise or projection of income. What you earn depends entirely on your audience and their trading activity, and many retail traders lose money — please read the risk disclosure in full. Apply if you'd like to talk it through properly.