Today I’m looking at another rebate program offering commission returns for over 35 brokers with over 30,000 live account clients, Forex Cashback Rebate. Among their offerings, they claim to have the highest cashback rate in the marketplace, a fast withdrawal system and a reliable support team that’s always available to help traders via chat or email.
Originally launched in September 2013, it is unknown who the traders behind this service are. The only of information we do have, is that they provide support between the hours of 03:30 – 01:00 GMT, via email at firstname.lastname@example.org, or skype: forexcashbackrebate. Obviously, I would like to know a little bit more about the team and what type of history they have in the Forex marketplace, but this isn’t a requirement for rebate programs, because the service is pretty self-explanatory and straightforward.
Forex Cashback Rebate Review
The two most important facts pushed by the Forex Cashback Rebate team is that they have a wide range of brokers available, and that they promise to provide the most competitive rebates available. In analyzing their offers, I don’t see much of a difference between their rebates and the other companies I’ve recently reviewed. Forex Cashbackcloud, Pip Rebate, and Cash Back Forex all provide relatively similar rebate numbers. I really wouldn’t put any of them ahead of the others in terms of rebate pricing, and my main factor when it comes to making a decision between these programs, is picking the one that is the most professional and trusted by the community.
While the program claims to provide traders with a wide range of brokers, they actually provide the least amount of options set of any of the rebate programs that I’ve reviewed thus far. This is not a major issue, because they have all of the main players available, but it’s certainly not giving them any edge over their competitors.
Forex Cashback Rebate also serve institutional clients, this is high-volume traders, money managers, white label solutions and liquidity providers. Anyone who qualifies as an institutional client can receive bonus services “like weekly payments, higher rebates, vip rate and quality support.”
They don’t provide any specific numbers, but it is recommended that if you are an institutional client, that you contact support and see if they can meet your needs.
Much like other rebate services, this one comes with a referral program. Traders are provided a unique referral link, and when a trader signs up through your link, “you earn 10% of the amount they receive, and if they refer friends you get paid on all those people’s commissions as well.”
So, if you take part in the referral program, and get a few traders underneath you, it can help supplement your trading account. Obviously, you will do much better if you have high-volume referrals that are trading large amounts of money.
While Forex Cashback Rebate provides one of the smallest broker lists available, they do have some unique clients that aren’t providing rebates through other services. This is especially helpful for clients of these brokers, that want to continue with the but still get a commission cut in the process. Here is the list:
- XM Group
- JFD Brokers
- Global Prime
- Hot Forex
- IC Markets
- Trader’s Way
With multiple brokers, effective payment methods, and top-of-the-line rebates, the Forex Cashback Rebate service comes across as professional and helpful. Out of all of the rebate reviews I’ve done, I don’t believe that I would rate this one the highest, because it is a little smaller than the other firms that I’ve researched. Yet, they do have relationships with some unique brokers, and in these cases, I would recommend that you take advantage of their services.
If you have anything you would like to add to the review, please leave your questions, reviews and remarks below the article now.