What Is Forex Cashback? How It Works and How to Receive It
The basic idea behind cashback
Forex cashback — also called a rebate — is a system that returns part of the spread or commission generated every time you trade, in cash. You just trade in your FX account as usual, and cashback is generated automatically based on your trading volume (lot size).
The important point is that your trading conditions — spread, leverage, execution quality, and so on — never change in order for you to receive cashback. You trade under exactly the same conditions as a regular FX account, and cashback comes as an added benefit on top.
For the concrete steps to use ForexCB, see How Cashback Works.
Why cashback is free
International FX brokers pay a referral commission to partners (IBs, or Introducing Brokers) who refer new traders to them. Cashback sites operate by passing on part of the commission they receive from brokers as this kind of partner to traders. As a result, traders never bear any cost.
For more on how this works, see What Is an Introducing Broker (IB)? How Cashback Sites Make Money.
How you receive cashback
Here's the process for receiving cashback with ForexCB:
Free user registration
Sign up with just an email address.
Open and link an FX account
Open an FX account through ForexCB, or link an existing account as an additional account.
Trade as usual
Just trade like you always do — no special steps required.
Receive your cashback
Cashback is calculated and paid out automatically based on your trading volume.
The payout method differs by broker. See What Is Auto-Rebate? How It Differs From Manual Rebate for more details.
See supported brokers
ForexCB supports cashback for Exness, HFM, and XS.com. You can check each broker's rebate rate and conditions on the comparison page.
Frequently asked questions
Does receiving cashback make my trading conditions worse?
No. Trading conditions such as spread, execution quality, and leverage are the same as a regular account. Cashback is an additional benefit on top of your normal trading.
Do I still get cashback on losing trades?
Yes. Cashback is generated based on trading volume (lot size), regardless of whether a trade wins or loses.
Does it cost anything to receive cashback?
Using ForexCB is completely free. There is no registration fee, monthly fee, or withdrawal fee.