Getting forex rebates takes less than ten minutes to set up and pays you back on every trade for as long as you keep the account open. Unlike bonuses that come and go, rebates are a permanent reduction in your trading costs. This guide walks you through the exact process from choosing a provider to receiving your first payout.
If you are new to the concept, start with our forex cashback pillar guide for the full overview of how rebates work. If you want to know whether cashback is trustworthy, read is forex cashback legit?.
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Step 1: Choose a Cashback Provider
The cashback provider is the intermediary between you and the broker. They hold an introducing broker (IB) agreement with the broker and pass a portion of their referral commission to you as a rebate.
What to Look For
- Broker coverage — does the provider work with the broker you want to use? Check our broker directory to find vetted brokers, then confirm the cashback provider covers them.
- Per-lot rates — compare the exact rebate rate per standard lot for your preferred broker and instrument. Rates vary significantly between providers. See rebate per lot explained for how to interpret these numbers.
- Payment frequency — daily, weekly, or monthly. More frequent is better for cash flow.
- Minimum withdrawal — some providers require a minimum balance (e.g., $10, $50, or $100) before you can withdraw. Lower is better.
- Withdrawal methods — bank transfer, e-wallet (Skrill, Neteller), cryptocurrency, or credit back to your trading account.
- Track record — how long has the provider been operating? A program with years of consistent payouts is safer than a new entrant.
For a comparison of top cashback providers, visit our best forex cashback brokers page. To use our own program, see the forex-bonus.com cashback program.
Step 2: Select Your Broker
If you already have a preferred broker, check whether the cashback provider supports them. If you are choosing a new broker, the cashback provider’s list is a good starting point — but never choose a broker solely because it offers the highest rebate.
Broker Selection Priorities (In Order)
- Regulation and fund safety — a properly regulated broker (FCA, CySEC, ASIC, FSCA, CMA, or equivalent) is non-negotiable. Our review methodology explains how we assess this.
- Trading conditions — spreads, execution quality, available instruments, and leverage that match your strategy.
- Platform and tools — MT4, MT5, cTrader, or proprietary platforms that suit your workflow.
- Cashback rate — only after the above are satisfied should you factor in the rebate as a tiebreaker.
Use our broker comparison tool to evaluate brokers side by side on regulation, spreads, and features.
Step 3: Open Your Account Through the Cashback Link
This is the critical step that most traders get wrong. To earn cashback, your account must be linked to the cashback provider’s IB code from the moment of registration.
How to Do It Correctly
- Go to the cashback provider’s website (not directly to the broker’s site)
- Find the broker you want and click the provider’s referral link
- You will be redirected to the broker’s registration page with the IB code embedded
- Complete registration as you normally would — same process, same forms, same verification
- Your new account is now tagged to the cashback provider
Important Notes
- Do not clear cookies or use a different browser between clicking the referral link and completing registration. The IB code is tracked via a cookie or URL parameter.
- Register a new account through the link. In most cases, you cannot retroactively add cashback to an existing account, though some brokers allow IB migration — ask the provider.
- Your trading conditions are identical to a direct registration. The IB code does not change your spreads, execution, or available features.
Step 4: Verify and Fund Your Account
After registration, complete the broker’s standard verification process:
- Identity verification (KYC) — upload a government-issued ID (passport, national ID, or driver’s license)
- Address verification — upload a recent utility bill or bank statement showing your address
- Fund your account — deposit using your preferred method (bank transfer, card, e-wallet, crypto, depending on the broker)
The cashback provider has no involvement in this step. Verification and funding are entirely between you and the broker.
Confirm the IB Link
After funding, check that your account is properly linked:
- Some cashback providers have a dashboard where you can see your linked accounts
- You can also ask the cashback provider’s support to confirm the IB tag on your account
- A few brokers display the IB code in the client portal under account details
Do this before you start trading. If the link is missing, contact the cashback provider immediately to resolve it — it is much easier to fix before trading begins.
Step 5: Trade and Earn
Once your account is linked and funded, every trade you execute earns a rebate automatically. There is nothing additional to do — no codes to enter, no opt-ins, no volume thresholds to hit.
What Counts as a Trade
- Opening and closing a position (a round-turn trade)
- Both buy and sell trades
- Winning and losing trades equally
- All lot sizes: standard, mini, and micro
What Typically Does Not Count
- Trades held for less than a very short duration (some providers have a minimum hold time of 1-3 minutes to prevent abuse)
- Trades on instruments excluded by the provider (rare, but check the terms)
- Demo trades
Step 6: Monitor and Withdraw Your Rebates
Tracking Earnings
Most cashback providers offer a dashboard showing:
- Rebates earned per trade
- Total rebates for the current period
- Historical payouts
- Linked accounts and their status
Check your dashboard periodically to confirm rebates are being calculated correctly. If you notice a gap (trades executed but no rebate recorded), contact support promptly.
Withdrawal Options
When your balance reaches the minimum withdrawal threshold, you can request a payout. Common methods include:
- Back to your trading account — convenient for reinvesting
- E-wallets (Skrill, Neteller, Perfect Money) — fast, low fees
- Bank transfer — slower but universally accepted
- Cryptocurrency (USDT, Bitcoin) — available on some providers
Processing time varies from instant (e-wallet, crypto) to 3-5 business days (bank transfer).
Can I Get Cashback on an Existing Account?
This is the most common question from traders who already have funded, active accounts.
The Answer: It Depends on the Broker
- Some brokers allow IB migration — you submit a request (either through the cashback provider or broker support) to reassign your existing account to the IB’s code. If approved, you start earning cashback on future trades.
- Some brokers do not allow migration — your only option is to open a second account through the cashback link. Most brokers allow multiple live accounts per client.
- Some brokers allow it only if the account has no existing IB — if you originally registered directly, migration may be straightforward. If you registered through a different IB, switching is harder.
Ask the cashback provider whether your broker supports migration before assuming it is possible.
Combining Cashback With Broker Bonuses
A common question is whether you can earn cashback and claim a deposit bonus or other promotion simultaneously.
General Rules
- Many brokers allow both — the IB cashback and the broker’s bonus programs run on separate systems. The IB earns their referral commission; the bonus comes from the broker’s marketing budget.
- Some brokers restrict it — a few brokers require you to choose between an IB-linked account and a bonus-eligible account. This is broker-specific.
- Always verify before opening the account — ask the cashback provider or the broker’s support whether the bonus and cashback are compatible for the specific account type you want.
For more on bonus types and how they work, see our forex bonus guide.
Frequently Asked Questions
How long does it take to start earning rebates?
Rebates begin from your first trade after the account is linked. Most providers calculate rebates within 24 hours of a trade closing. You will typically see rebates appear in your dashboard the next day.
Is there a contract or commitment?
No. You can stop trading at any time, close your account, or simply not use the cashback link for your next account. There is no lock-in, no minimum trading requirement, and no penalty for inactivity.
What if I trade very small volumes?
Most cashback programs have no minimum volume requirement — you earn on every trade regardless of size. Even micro lot traders receive proportional rebates (e.g., $0.03 per 0.01 lot if the rate is $3.00 per standard lot). However, check that the provider does not have a volume floor.
Can I use cashback with copy trading or EAs?
Yes. The cashback is calculated on lot volume regardless of how the trade was initiated — manually, via an Expert Advisor (EA), through a copy trading service, or via a PAMM/MAM account. The method of trade entry does not matter.
Risk Warning: Forex and CFD trading carries significant risk. Most retail traders lose money. Never trade with funds you cannot afford to lose.
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Written by Tim Morris · Forex industry analyst · About Tim