What Is Forex Cashback and How Does It Work?

Every time you place a forex trade, you pay a spread or commission to your broker. Forex cashback (also called forex rebates) is a service that returns a portion of those trading costs back to you — on every single trade, regardless of whether you win or lose.

How Forex Cashback Works

The concept is simple:

1. You sign up with a cashback service like FxCash
2. Open a broker account through FxCash's partner link account (existing or new)
3. Trade as usual — no changes to your strategy
4. Get cashback — a percentage of spread/commission is returned after each closed trade

Think of it like a loyalty program for traders. The cashback service earns a referral commission from the broker for bringing in trading volume, and shares a large portion of that commission with you.

How Much Can You Get Back?

Most forex cashback services return 50% to 90% of the spread. Here's what that looks like in practice:

A trader doing 100 lots per month on EUR/USD alone could save $560/month — that's $6,720/year just from cashback.

Is Forex Cashback Legit?

Yes. Forex cashback is a well-established practice in the trading industry. Here's why it works:

• Brokers pay for referrals — this is standard affiliate marketing
• Your trading conditions don't change — same spreads, same execution
• No access to your account needed — the cashback service works through broker APIs
• You get paid regardless of trade outcome — win or lose, cashback is credited

Who Benefits Most from Cashback?

• High-volume traders — more lots = more cashback
• Scalpers — many trades with small profits, cashback adds up fast
• Algorithmic traders — EAs running 24/7 generate massive cashback
• Break-even traders — cashback can turn a break-even strategy into a profitable one