Terms of Service & Regulatory Disclosures
Last updated: September 2026
FINANCIAL DISCLAIMER
The calculators, simulation models, fee tier schedules, and market structure analysis provided on REBATE are for educational and quantitative research purposes only. They do not constitute investment advice, brokerage recommendations, or a solicitation to execute transactions in any security. Equity and options trading involves substantial risk of capital loss.
1. SEC Rule 610 Fee Modeling
Exchange fee rates (maker rebates, taker access fees, routing charges) are compiled from publicly filed SEC Rule 610 fee schedules across national securities exchanges (including Nasdaq, NYSE, Cboe EDGX/BYX, MEMX, and IEX). While updated periodically, exchanges frequently revise tier thresholds and qualifications based on monthly Consolidated Volume (TCV). Always verify exact rates with your executing broker-dealer.
2. Broker Referral & Affiliate Disclosure
Pursuant to FTC guidelines, REBATE discloses that it maintains referral relationships with registered broker-dealers offering Direct Market Access (DMA) accounts. We may receive referral compensation if you establish and fund an account through links on this platform, with no increase in execution fees for the end trader.
3. Limitation of Liability
REBATE and its operators shall not be liable for any trading losses, routing slippage, adverse fill selection, or missed liquidity rebates resulting from reliance upon calculations or simulations generated by this software.