Forex Cashback is a return of a part of the spread (commission) from each closed trade, regardless of its result, that is, even from negative trades, you will receive cashback to your account in the rebate service or directly to your trading account, if the service rebate is connected at the broker itself.
All you need to do is open an account with a broker using the affiliate link of the rebate service. Further, the rebate service will automatically charge you cashback for your trades.
Some brokers may have their own cashback system (Alpari, Forex4you), which sometimes is probably even more profitable than working through a rebate service. For example, Alpari has its own Alpari Cashback system, according to which points are awarded for the traded volume (and not only). These points can be redeemed for cash, as well as to compensate for spreads, swaps, commissions, etc. In some cases, such compensation can be much more beneficial.
But the most common option is trading through a rebate service. Due to the large number of customers in their affiliate network, these services sometimes return up to 95% of their affiliate reward.
FxCash.ru is, in our opinion, the best rebate service on the Internet. Among the main advantages are:
- Refund up to 95% of the spread from each trade
- Instant charges immediately after the order is closed
- Cooperation with more than 30 brokerage companies, the list of which is constantly expanding
- Instant withdrawal of funds to a wide variety of payment systems