How does Forex cashback work?
When you make a trade, your broker will give me a commission. I'll pay back the commission to you and leave some for me. Cashback is automatically credited to your account balance in real time after you close your trades.
It should be noted that cashback is only given by an introducing broker (IB). So, you won't get it even if you open an account directly through the broker's official website.
LiteFinance (ex. LiteForex) is an old broker trusted by traders around the world. This broker generates the highest cashback. The amount of cashback depends on the trading asset you choose. If you want to earn high cashback quickly, trade precious metals on LiteFinance. Use the invite link below to open a LiteFinance account and get up to $36 per lot.
Cashback link: http://bit.ly/3JnqSHn (applies to all account types - Classic, ECN and Cent)
Weakness:
- The spreads are quite wide
- High commissions on ECN accounts
- Client agreements are frequently changed
JustMarkets (formerly JustForex) has excellent trading conditions: tight spreads from 0 pips, low commissions for ECN/Raw Spread accounts, and very fast withdrawals (less than 1 hour). Suitable for those of you who like scalping. This broker is popular among novice traders and has a rating of 4.8/5 on Trustpilot. You can't expect to make high cashback while trading with JustMarkets - max. $3 per lot.
Cashback link: https://bit.ly/3yaGreP (Standard account only, min. deposit $100)
Downside: Very wide spreads on crypto assets. You should not choose JustMarkets to trade cryptocurrencies.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.