For traders demanding a true institutional environment, MT.COOK Financial stands out as a specialized boutique brokerage. Operating on a strict Agency-Only model since 2013, they eliminate conflicts of interest by providing pure ECN execution. By partnering with FXRebate, you now gain access to this premium liquidity while significantly lowering your costs through our cashback program.
In this comprehensive guide, we will provide a full presentation of MT.COOK’s institutional-grade services, explore their unique ECN account tiers (Mt.Cook, Mt.Kilimanjaro, Mt.Everest), and detail the rebate rates available to lower your trading costs.
MT.COOK: At a Glance
Regulation
FSCA (South Africa)
Min. Deposit
$500
Max. Leverage
1:500
FXRebate
Up to $2 USD/lot
(All Instruments)
About MT.COOK: Profile and Regulation
MT.COOK Financial is a technology-driven broker built for professionals. They operate on a strict Agency-Only (A-Book) model, meaning they do not take the other side of client trades. Their focus is on providing transparent ECN execution via a Smart Order Routing Algorithm (SoRa).
MT.COOK ensures client protection through regulation in South Africa and strict segregation of client funds.
🇿🇦 Financial Sector Conduct Authority (FSCA)
Atlantic Pearl Financial (PTY) Ltd
Licence: FSP 50420
🇰🇳 St. Kitts & Nevis (Registration)
Atlantic Pearl Limited
Serves International Clients
MT.COOK Account Types
MT.COOK offers a tiered ECN account structure. All accounts provide raw spreads, but commissions decrease as your deposit/volume tier increases. The minimum deposit starts at $500.
Mt.Cook (Standard)
✅ ECN Execution
The entry-level ECN account. It offers raw spreads with a commission of $7.50 per lot (round turn). This account is eligible for the highest rebate rate of $2/lot.
Mt.Kilimanjaro & Everest
✅ Reduced Commission
For high-volume and institutional traders. Commissions drop to $6.50 (Kilimanjaro) or $5.50 (Everest) per lot. Rebates are adjusted accordingly to $1.5 or $1 per lot.
MT.COOK Rebate Rates with FXRebate
Connecting your MT.COOK account to FXRebate allows you to offset a portion of the ECN commission costs. Rebates are paid monthly into your FXRebate Wallet.
Below is the official rebate structure for MT.COOK:
| Instruments | Mt.Cook (Standard) | Mt.Kilimanjaro | Mt.Everest |
|---|---|---|---|
| Forex (all currencies) | 2 USD per lot | 1.5 USD per lot | 1 USD per lot |
| Metals | 2 USD per lot | 1.5 USD per lot | 1 USD per lot |
| Commodities | 2 USD per lot | 1.5 USD per lot | 1 USD per lot |
| Indices | 2 USD per lot | 1.5 USD per lot | 1 USD per lot |
| Cryptos | 2 USD per lot | 1.5 USD per lot | 1 USD per lot |
| Payment Options | ► Monthly Rebates to FXRebate Wallet | ► Monthly Rebates to FXRebate Wallet | ► Monthly Rebates to FXRebate Wallet |
How to Activate Your MT.COOK Rebate
Follow these simple steps to start earning cashback on every trade.
Step 1: Visit
Access our dedicated MT.COOK page by clicking here.
Step 2: Register
Use our partner link to open a new live trading account with MT.COOK.
Step 3: Connect
Log in to your FXRebate Dashboard and add your new trading account number.
Step 4: Trade
Once confirmed, trade as usual. Your rebates will accumulate automatically!
Trading Platforms, Instruments, and Conditions
Supported Platforms
MT.COOK focuses on optimizing the most popular platform for speed and stability, alongside institutional connectivity.
- MetaTrader 4 (MT4): Desktop (Heavily Optimized), Mobile (iOS/Android). Supports full depth-of-market.
- FIX/API: For custom and systematic strategies.
- MAMM/PAMM: Advanced “Hybrid PAMM” system for asset managers.
Trading Conditions & Instruments
Traders can access Forex, Metals, Indices, Energies, and Cryptocurrencies. The conditions are purely ECN:
- Execution: ECN/DMA (Agency Only)
- Scalping: Allowed
- Hedging: Allowed
- News Trading: Allowed
- Expert Advisors (EAs): Allowed
- Copy Trading: Yes (Social/Signal Start)
Funding & Support at MT.COOK
MT.COOK prioritizes secure and efficient funding methods suitable for institutional and high-volume traders.
Deposit Methods
- Bank Wire
- Cryptocurrencies (USDT, BTC)
Withdrawal Methods
- Bank Wire
- Cryptocurrencies
Other Details
- Account Currency: USD, EUR, GBP, AUD
- Client Funds Segregation: Yes
- Processing: Daily withdrawals
Frequently Asked Questions (FAQ)
Is MT.COOK a safe broker?
Yes. MT.COOK Financial is a boutique brokerage regulated by the FSCA in South Africa (FSP 50420). They operate a strict agency-only model, ensuring no conflict of interest with clients.
What is the minimum deposit at MT.COOK?
The minimum deposit is $500 USD for the standard Mt.Cook ECN account.
What are the commissions on MT.COOK?
MT.COOK charges a commission per round-turn lot, which varies by account tier: $7.50 (Mt.Cook), $6.50 (Mt.Kilimanjaro), or $5.50 (Mt.Everest). Spreads are raw ECN.
Does MT.COOK allow scalping?
Yes, scalping and high-frequency trading (HFT) are welcome. Their optimized MT4 infrastructure and deep liquidity are specifically designed for systematic and algorithmic strategies.
Can I get FXRebate cashback if I already have an MT.COOK account?
Typically, yes. If you already have an account, you can often transfer it to our IB. Please visit our MT.COOK broker page and see the “Transfer an Existing Account” section for detailed instructions.
