The Origins of Quantified Rebates

A shared interest among two quantitative researchers evolved into a more transparent trading service platform

Quantified Rebates originated from a discussion about quantitative strategies, transaction costs, and automated trading. We aim to bring together broker rebates, transaction costs, EA tools, and risk information on a platform that is easier to understand and more convenient to verify.

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Founders’ Story | 2020

It All Started with a Discussion on Quantitative Strategies

In 2020, William Hart and Julian Rivers met at a quantitative strategy conference. William Hart holds a master’s degree in computer science from the University of Cambridge in the UK, while Julian Rivers holds a Ph.D. in electromechanical engineering from New Mexico State University in the U.S.

Their shared interests centered on algorithmic trading, automated systems, trading costs, and strategy risks. During their discussions, they realized that traders often focus solely on advertised returns without fully understanding how rebates are calculated, whether their accounts are actually eligible for rebates, or the drawdowns, slippage, and consecutive losses that EAs might encounter in real-world trading environments.

Consequently, the two founded Quantitative Rebates, integrating rebates, broker comparisons, EA tools, and risk education into a single service process. We do not present rebates as investment returns, nor do we treat historical backtests as a guarantee of future results.

Why We Established the Quantitative Rebate Program

Clarifying the three things users find most difficult to verify

Unclear rebate rates

Check the broker’s entity, account type, tradable instruments, and settlement terms.

Difficulty in Verifying Account Relationships

Submit the broker’s internal registration ID to check the account attribution status.

Incomplete EA Information

Distinguish between backtesting, demo, and live trading, and provide details on drawdown, slippage, and the trading environment.

What Users Can Get

From selecting a broker to viewing rebates, all in one account

Compare broker rebates and trading conditions
Link multiple broker trading accounts
View pending, withdrawable, frozen, and paid rebates
View rebate history, negative adjustments, and ledger entries

Request internal broker account transfers or USDT withdrawals
Get eligible free EAs
Learn about spreads, commissions, leverage, drawdowns, and risk management

Service Process

Trade with the broker; verify records in the Member Center

Register as a Member

Create a quantitative rebate account to access the Rebate and EA Service Center.

Open an Account or Submit an Account

Choose a broker to open an account, or submit an existing account that meets the requirements.

Confirm Account Association

Enter the broker’s internal registration ID and wait for account attribution confirmation.

View Rebates and Withdrawals

After trading, check your rebates, adjustment records, and withdrawal status in the Member Center.

You can link multiple accounts with the same broker. For existing accounts, we generally recommend re-registering through our site’s link; the transfer process for existing accounts is only available if the broker explicitly supports agent transfers. Accounts will not be displayed as eligible for rebates until account attribution is confirmed.

Our Principles

Technical services cannot replace risk assessment

Clearly Explain Rebates

Display the calculation method, eligibility criteria, and settlement schedule.

Calculate Total Costs

Take into account spreads, commissions, overnight interest, slippage, and costs after rebates.

Separate the Data

Label backtesting, simulation, and live trading data separately.

Keep Complete Records

Account attribution, rebates, negative adjustments, and withdrawal records should all be verifiable.

Platform and Fund Separation

Quantitative rebates are operated by Flyso Markets Ltd. This website is not a brokerage firm, bank, or investment advisor; it does not accept trading principal, does not trade on behalf of users, and does not determine users’ trading directions. User funds are held by the brokerage firm of the user’s choice, and the corresponding brokerage firm is responsible for trade execution, quotes, deposits, and withdrawals.

Conflicts of Interest and Risks

This site may receive referral commissions from partner brokers and may also offer paid EA licenses. These partnerships may generate revenue for the platform but should not alter the disclosure standards regarding broker information, fees, rebate terms, or strategy risks. Rebates are not investment returns, and EAs, automated trading, and historical backtesting do not guarantee future results.

Read the Risk Disclosure →

Operating Entity

Flyso Markets Ltd.

This website is operated by Flyso Markets Ltd., located at Commence Chambers, Frett Building, P.O. Box 3163, Road Town, Tortola, VG1110, British Virgin Islands.

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