Best Forex Cashback Brokers 2026
Choosing the right broker for forex cashback can save you thousands of dollars per year. But with dozens of brokers offering different cashback rates, spreads, and account types, how do you pick the best one? This comprehensive comparison ranks the top brokers by cashback rate, effective trading cost, and suitability for different trader profiles.
How We Ranked These Brokers
We evaluated each broker on five key criteria:
- Cashback rate per lot — the maximum cashback available through FxCash
- Spread competitiveness — the typical spread on major pairs like EUR/USD
- Regulation — licensing from top-tier regulators (FCA, ASIC, CySEC)
- Platform quality — MT4/MT5/cTrader availability and execution speed
- Effective trading cost — the total cost after cashback (the number that really matters)
Top 10 Brokers by Cashback Rate
| Rank | Broker | Cashback/Lot | Min Spread | Regulation | Effective Cost |
|---|---|---|---|---|---|
| 1 | RoboForex | $8.00 | 0.0 pips | IFSC | $0.00* |
| 2 | IC Markets | $7.20 | 0.0 pips | ASIC, CySEC | $1.40 |
| 3 | XM | $6.00 | 0.6 pips | ASIC, CySEC | $0.00* |
| 4 | FBS | $6.00 | 0.7 pips | IFSC, CySEC | $1.00 |
| 5 | HF Markets | $6.00 | 0.1 pips | FCA, CySEC | $1.00 |
| 6 | Exness | $5.00 | 0.0 pips | FCA, CySEC | $2.00 |
| 7 | Tickmill | $5.00 | 0.0 pips | FCA, CySEC | $0.00* |
| 8 | FXOpen | $5.00 | 0.0 pips | FCA, ASIC | $1.00 |
| 9 | Pepperstone | $4.00 | 0.0 pips | ASIC, FCA | $3.00 |
| 10 | AvaTrade | $4.00 | 0.9 pips | ASIC, FCA | $5.00 |
*Negative or zero effective cost means cashback exceeds or matches your trading expenses.
Best Brokers by Trader Type
For Scalpers: IC Markets or RoboForex
Scalpers need the tightest spreads possible combined with high cashback. IC Markets offers institutional-grade liquidity with spreads from 0.0 pips on Raw Spread accounts, plus up to $7.20 cashback per lot. RoboForex offers even higher cashback at $8/lot on ECN accounts. Both give scalpers an effective cost under $2 per lot — making them the top choices for high-frequency trading.
For Beginners: XM or FBS
Beginners need low barriers to entry and educational support. XM requires just $5 to start and offers a demo account, comprehensive video tutorials, and webinars. FBS offers cent accounts where you can trade with micro-lots, reducing risk while you learn. Both provide $6/lot cashback, which helps offset the learning curve costs.
For EU/UK Traders: Tickmill or HF Markets
European traders need brokers regulated by top-tier authorities. Tickmill holds FCA (UK) and CySEC (Cyprus) licenses, offers spreads from 0.0 pips, and provides $5/lot cashback with effectively zero trading cost on ECN accounts. HF Markets (formerly HotForex) is similarly well-regulated with FCA and CySEC oversight, offering $6/lot cashback.
For Maximum Cashback: RoboForex
If maximizing cashback is your primary goal, RoboForex leads the pack at $8/lot. On their ECN account with $4/lot commission, the cashback actually exceeds the commission — meaning you earn more from cashback than you pay in trading costs. This makes RoboForex uniquely attractive for high-volume traders focused on cost optimization.
For Algo Traders: IC Markets or Pepperstone
Algorithmic traders need fast execution and reliable API access. IC Markets and Pepperstone both offer excellent VPS hosting options, low-latency execution, and compatibility with all major algo trading platforms. IC Markets edges ahead with higher cashback ($7.20 vs $4.00 per lot), but Pepperstone's execution quality is top-tier.
Broker Deep Dive: Key Features
| Feature | RoboForex | IC Markets | XM | Exness | Tickmill |
|---|---|---|---|---|---|
| Min Deposit | $10 | $200 | $5 | $0 | $100 |
| Platforms | MT4, MT5, cTrader | MT4, MT5, cTrader | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Crypto Trading | Yes | Yes | Yes | Yes | Limited |
| Copy Trading | Yes | Yes (cTrader) | Yes | Yes | No |
| VPS Hosting | Free (conditions) | Free (conditions) | Paid | Free | Free (conditions) |
| Instant Withdrawals | Yes | No (1-2 days) | Yes | Yes | No (1 day) |
How to Get Started
- Choose a broker from the list above based on your trading style and location
- Create a free FxCash account at fxcash.net
- Open or Open a broker account through FxCash's partner link account through FxCash's referral link
- Trade as usual — cashback is credited automatically after every closed trade
- Withdraw your cashback via bank transfer, Skrill, Neteller, USDT, or other methods
The entire setup takes under 5 minutes. There are no fees, no minimum volume requirements, and no contracts. You simply earn cashback on every trade.
Maximizing Your Cashback: Pro Tips
- Use ECN/Raw accounts: Despite higher commissions, these accounts often yield higher absolute cashback amounts
- Trade during peak hours: Higher liquidity means tighter spreads, and cashback is fixed per lot regardless of spread
- Don't forget metals and indices: Cashback applies to XAU/USD, US30, NAS100, and other instruments — not just forex pairs
- Track your numbers: Use your FxCash dashboard to monitor which pairs and times generate the most cashback
- Reinvest your cashback: Treat cashback as additional trading capital to compound your growth
Frequently Asked Questions
Which broker offers the highest forex cashback?
RoboForex offers the highest cashback at up to $8.00 per standard lot through FxCash. However, the best broker for you depends on your trading style, regulation requirements, and preferred platform.
Can I get cashback on an existing broker account?
In most cases, yes. Many brokers allow you to open a new account through FxCash's partner link to a cashback service. The process varies by broker — some require a simple email to support, while others need a new account under the cashback service's IB link.
What's the best broker for scalping with cashback?
IC Markets and RoboForex are the top choices for scalpers. Both offer 0.0 pip Raw Spread/ECN accounts with high cashback rates, giving you the lowest effective trading cost per lot.
Do all brokers support forex cashback?
Most major retail forex brokers support cashback through IB (Introducing Broker) partnerships. Through FxCash, you can access cashback from 50+ brokers worldwide. Check the FxCash dashboard for the full list.
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