Rebate Review: Forex Cashbackcloud

Today I’m analyzing a new Forex rebate program that claims to service over 10,000 clients in over 50 different countries, Cashbackcloud. While Forex rebates are their specialty, they also offer rebates for traders that are trading binary options, e-wallet clients, and poker players looking for “rakebacks.” Considering this is a Forex website, that’s where my focus will be today, as I review the service and let you know if any of their unique perks and bonuses set them apart from the other rebate programs available.

The company is owned and operated by Cashbackcloud Ltd. with registration number 17414. They were founded in 2013, and are located at 8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica. They are a company of 5 people, and they can be contacted via email at info@cashbackcloud.co or Skype: forexcashbackcloud.

Forex Cashbackcloud Review

The developers of the Forex Cashbackcloud rebate program believe that every edge you gain can give you a significant advantage in the Forex marketplace. In this case, they offer a service that cuts into the broker commissions, and gives this back to the client. Currently, they offer cash back on every single trade, which means that traders get a cut of the commission whether they win or lose.

They claim to have a 4.8/5 star rating from their over 10,000 traders located in 40 countries. Considering this is a risk-free proposition, it doesn’t require traders to provide any credit card or account information at all, Eileen to believing the claims being made by the developer. It’s possible that they are exaggerating these numbers, but I don’t believe that’s the case.

Traders have the opportunity to reach different bonuses by trading as they normally would, and can add additional revenue by referring friends and getting a cut of their trade commissions.

Leaderboard

In looking closer at the available bonuses, Forex Cashbackcloud provides 2 monthly leaderboards which rewards the top traders at the end of every month. One leaderboard is for traders specifically at FxPro and Tickmill, while the other is for every other broker available. Obviously, the developers have a stronger relationship with FxPro and Tickmill, which is why traders with these brokerages get to take part in their own competition.

The prize pool for each leaderboard is $3000, with first place getting $750 and 30th place getting $15. Considering this is a free aspect of the service, it’s great that traders can get a bonus if they happen to be trading frequently. We see this type of bonus frequently with other rebate programs as well, such as Pip Rebate, Cash Back Forex and PaybackFX.

Brokers

Currently, the Forex Cashbackcloud group are offering rebates for 63 different brokerages. The brokers with asterisks next to them, have ongoing bonuses and promotions available.

How It Works

The rebate program works simply. Traders are required to register an account, connect to their existing broker, or sign up with a new broker, and then start trading. There are no other requirements, and the accrued rebates can be collected via NETELLER, Skrill, PayPal, EcoPayz, FasaPay and Wire Transfer. All payments are sent within 3 days.

Conclusion

The Forex Cashbackcloud rebate program comes across as a very professional service. They offer many different brokers and rebate deals available for traders looking to get a little bit of the commission back on every single trade that they make. If you are trader, and you are looking for a little cash back on your trades, then this is certainly an option that you can utilize.

If you have anything you would like to add to the review, please leave your questions and experiences below the article now.