CashBackForex Review 2021 - Verified Customer Reviews

Fxverify Rating
4.5
User Rating
5.0
(6)
Fxverify is the first of it's kind and only publishes user reviews by verified customers with a real CashBackForex trading account. Learn how we verify.

CashBackForex Promotions

CashBackForex Regulators

CashBackForex Review

Updated May 07, 2021
4.5
Score breakdown
Pricing: 4
Regulation: 4
Popularity: 5
User Rating: 5 (6)

CashBackForex overall score rank: 4 out of 41

CashBackForex is the leading and oldest IB broker, providing forex and cryptocurrency rebates, since 2007. CashBackForex is an established brand in the finance industry, with hundreds of thousands of happy clients, enjoying excellent rebate rates on their trading activity and timely payments.

This great IB broker also offers a top layer of security for USA residents. The North America branch, CashBackForex USA, is regulated by the United States NFA (National Futures Association), since 2010, as a Forex Firm and Introducing Broker, and doing business as CashBackForex USA.

With 99% positive customer reviews and with the recently added real-time reports feature to client’s dashboard, this IB broker is always setting the benchmark in the rebates industry with its innovative services and tools.

Also, CashBackForex clients enjoy the expertise of a very professional customer support team, always ready to solve problems, together with accurate cashback from their trading and timely payments.
KEY TAKEAWAYS
  • Leading rebates provider, established in 2007
  • CashBackForex USA is regulated by the US NFA 
  • Hundreds of thousands of happy customers
  • Real-time reports of accrued rebates
Headquartered in the Republic of Ireland, CashBackForex is the original and most popular rebate provider. Established in 2007 CashBackForex, and its affiliates, have been the dominant and the largest provider and a key player as one of the largest IB (introducing broker) globally.

Over time CashBackForex continued to improve its services along the way to stay ahead of the pack, as the real-time reports, a feature recently launched on client dashboard, enabling clients to follow in real-time the rebates paid by the broker and the balance of their account.

Let’s look in more detail what makes CashBackForex the industry benchmark, what payment methods are offered, fees and minimum withdrawal amounts.

CashBackForex Payment Methods, Fees and Minimum Payment

5.0  


Cashback Payment Methods Withdrawal Fees Withdrawal Minimum
Forex
Stocks
Indices
Cryptos
Commodities
Bank Wire $40 $200
Neteller 3.5% $10
PayPal No fees $10
Skrill 3.5% $1
SticPay 2% $10
China UnionPay 2% $20
Credited to trading account No fees $0

Rebates and Cashback

  • CashBackForex offers steady rebate rates that can be earned in 3 simple steps. First, signup for a rebates account. Secondly, choose from one of the highly regulated brokers (or connect an existing trading account). Third, start trading and earning cashback on each executed trade.

  • CashBackForex is an IB broker working only with selected brokers, and offering cashback on closed trades across a wide range of CFDs; cryptocurrencies, forex, stocks, indices and commodities.

  • Rebates are offered on trading commissions and brokers spreads, paid on every trade, regardless if closed in profit or loss.

  • Cashback can be redeemed via seven different payment methods, including bank wires and the most popular e-payment solutions.

  • Available rebates balance can also be credited back to the broker's trading account, and added to the account equity.

Withdrawals and Other Fees

  • Withdrawal fees - Earned cashback is timely processed and paid automatically by the 12th of the month following the month the rebates were earned. CashBackForex does not charge any withdrawal fees, however withdrawals may incur fees on payments to international banking institutions and some e-payment providers.

  • Inactivity fee - CashBackForex does not charge an inactivity fee or any account maintenance fees.

CashBackForex Pricing

5.0  


Instruments Spread Reduction Rebate per Lot Commission Reduction
Forex Avg. 0.6 pip Avg. $5.42/lot Avg. 19.8%
Commodities Avg. 0.6 pip Avg. $5.42/lot Avg. 19.8%
Crypto Avg. 0.6 pip Avg. $5.42/lot Avg. 19.8%

Spread Reduction

CashBackForex rebates are currently some of the best on the net. Traders linking a trading account with this rebates provider can benefit of an average spread reduction, on forex CFDs, of 0.6 pip.

This means investors with a Standard type trading account, with one of the selected brokers proposed by CashBackForex, and trading the EUR/USD with a spread of 1 pip, will get more than half of that spread (0.6 pip) credited back to the rebate account.

Rebates per Lot

Other option to earn rebates with some of the CFD brokers proposed by CashBackForex is the rebates per lot. By selecting a broker offering this option, investors will get cashback on each traded lot (100,000 currency units), with an average of US$ 5.42 per lot.

Take into account that 1 traded lot volume also includes mini-lots (0.10, 0.20, etc.) that should add to a minimum of 1 complete lot by month end to be eligible for the rebates. CashBackForex will credit the equivalent rebates per lot to its clients, regardless if the trades were closed with a loss or a profit.

Commissions Reduction

The third possible way to earn rebates with CashBackForex is with a trading commission reduction percentage. Traders selecting a broker offering this option will be credited, to their rebates account, part of the broker’s trading commission (a common feature with ECN brokers), with an average of 19.8% reduction on the trading commission.

For example, a trader with an ECN type account with a broker charging $US 6.00 commission per 1 traded lot of EUR/USD, will in reality pay $US 4.812 trading commission per lot, with the remaining $US 1.188 credited back as cashback.

CashBackForex Popularity

5.0  


Trading Education Trading Tools Customer Support Support Languages
Academy
Video Tutorials
Technical Indicators
MQL Tutorials
Charts
Calculators
24/5 Support
Multi language
Phone call
Live Chat
English
Chinese
Italian
Portuguese
Polish
Russian
Spanish

The popularity of this excellent IB broker is always high, fruit of the seriousness and quality services provided to thousands of traders throughout the years in business. Cashback can be earned by trading with selected brokers offering the highest level of retail investors protection, using safety mechanisms such as Segregated Investor Accounts or Negative Balance Protection. CashBackForex broker’s portfolio also allows for trading across multiple platforms (MetaTrader 4, MetaTrader 5 and cTrader) to suit all kind of traders.

Nevertheless, the key factor for the huge popularity of CashBackForex is their long presence with the forex rebates industry, and their approach to always offer innovative solutions and the best trading tools to its clients.

  • Trading Education - CashBackForex also gains extra popularity for their extensive trading education library, available through the Academy tab. CashBackForex clients can learn how the markets work with professionally written articles covering FX and crypto trading, MQL programming tutorials or learn how to use trading platforms and technical indicators with video tutorials.

  • Customer support - CashBackForex professional and dedicated customer support team is available around the clock, 24 hours, 5 days a week, in 7 languages. CashBackForex support can be reached via contact form, phone call, email and live chat directly from the IB broker's website.
To conclude our CashBackForex review, this top IB broker is a very credible option for traders looking to earn extra cash from their trading, with a serious Introductory Broker. But also, with over 20 years of experience in the sector, and for their legitimacy, CashBackForex is the ideal solution for those looking for guaranteed forex rebates.
 
If you would like to start earning extra cash with your trading right now, visit CashBackForex - Forex Rebates to open an account with a selected broker, or to link an existing trading account.


Was this review helpful? Share it with a friend!

CashBackForex User reviews

Account types:
Sort:
5.0
(6 reviews)

CashBackForex user rating score rank: 1 out of 41

CashBackForex Products

Forex
Cryptocurrencies
Indices
Metals
Bitcoin
Commodities (coffee, sugar...)
ETFs
Futures