“Forex Cashback Strategies: How to Optimize Your Trades for Maximum Rebates”

Introduction
In today’s competitive forex markets, every pip counts—not just in profits, but in recapturing trading costs through strategic rebates. Forex cashback strategies have emerged as a powerful tool for traders to offset spreads, commissions, and slippage, effectively turning routine expenses into recoverable revenue. Whether you’re a high-frequency scalper capitalizing on micro-lot rebates or a long-term position trader leveraging volume-based incentives, optimizing your trades for maximum rebates can significantly enhance your bottom line. This guide will unpack the mechanics of forex rebates, reveal broker-specific tactics, and deliver advanced techniques to transform cashback from a passive perk into an active profit center.

1. Fundamentals of Forex Cashback Mechanics

Forex cashback is a powerful yet often overlooked tool that traders can use to enhance profitability by recovering a portion of their trading costs. Understanding the mechanics behind forex cashback is essential for traders looking to optimize their strategies and maximize rebates. This section explores the foundational principles of forex cashback, how it works, and why it should be an integral part of any trader’s forex cashback strategies.

What Is Forex Cashback?

Forex cashback is a rebate system where traders receive a partial refund on the costs associated with their trades, primarily spreads and commissions. Cashback programs are typically offered by:

• Broker-affiliated programs – Some brokers provide cashback directly as an incentive for high-volume traders.
• Third-party cashback providers – Independent platforms partner with brokers to offer rebates to traders.

The rebate is usually a fixed amount per lot traded or a percentage of the spread/commission. For example, a trader might receive $5 back per standard lot (100,000 units) traded, or 20% of the spread paid.

How Forex Cashback Works

The mechanics of forex cashback are straightforward but vary slightly depending on the provider. Here’s a step-by-step breakdown:
1. Trade Execution – A trader places a trade through a forex broker.
2. Cost Incurred – The broker charges a spread (the difference between bid and ask prices) or a commission.
3. Rebate Calculation – The cashback provider tracks the trade and calculates the rebate based on predetermined terms.
4. Payout – The rebate is credited to the trader’s account, either daily, weekly, or monthly.

Example of Forex Cashback in Action

Suppose a trader executes 10 standard lots (1,000,000 units) in EUR/USD with a broker that charges a $10 commission per lot. If the cashback program offers $3 per lot, the trader would receive:

• Total Commission Paid: 10 lots × $10 = $100
• Total Cashback Earned: 10 lots × $3 = $30
• Effective Commission After Rebate: $100 – $30 = $70

This effectively reduces trading costs by 30%, improving net profitability.

Types of Forex Cashback Models

Different cashback models exist, each with its own advantages:

1. Fixed Cashback per Lot

• Traders receive a set amount per lot traded, regardless of spread or commission.
• Best for traders who frequently trade high volumes.
• Example: $2 cashback per standard lot.

### 2. Percentage-Based Cashback

• Traders earn a percentage of the spread or commission paid.
• More beneficial for traders dealing with variable spreads.
• Example: 20% cashback on the spread.

### 3. Tiered Cashback Programs

• Rebates increase with higher trading volumes.
• Encourages active trading by rewarding larger traders with better rates.
• Example:

– 1-50 lots/month: $1 per lot
– 51-100 lots/month: $1.50 per lot
– 100+ lots/month: $2 per lot

Why Forex Cashback Matters in Trading Strategies

Integrating forex cashback strategies into trading can significantly impact long-term profitability:

1. Reduces Overall Trading Costs

Forex trading involves frequent transactions, and costs add up quickly. Cashback mitigates these expenses, improving net returns.

2. Enhances Scalping and High-Frequency Trading (HFT) Strategies

Scalpers and HFT traders execute numerous trades daily. Even small rebates compound over time, making cashback a crucial edge.

3. Provides a Safety Net for Losing Trades

Even if a trade loses money, cashback partially offsets the loss, reducing overall risk exposure.

4. Encourages Broker Loyalty Without Sacrificing Flexibility

Many traders switch brokers for better spreads, but cashback programs allow them to stay with a preferred broker while still optimizing costs.

Key Considerations When Choosing a Forex Cashback Program

Not all cashback programs are equal. Traders should evaluate:

1. Broker Compatibility

• Ensure the cashback provider supports your broker.
• Some brokers block third-party rebates, so verify terms beforehand.

### 2. Payout Frequency and Method

• Some programs pay daily, others monthly.
• Check withdrawal options (bank transfer, PayPal, trading account credit).

### 3. Minimum Volume Requirements

• Some providers require a minimum trading volume to qualify for payouts.

### 4. Transparency and Reputation

• Choose established cashback providers with positive trader reviews.
• Avoid programs with hidden fees or unclear terms.

## Practical Forex Cashback Strategies for Traders
To maximize rebates, traders should:

1. Combine Cashback with Low-Cost Brokers

• Use brokers with tight spreads and pair them with cashback for optimal savings.

### 2. Optimize Trade Sizes

• Since cashback is often per lot, slightly increasing position sizes (within risk limits) can boost rebates.

### 3. Track Rebates Religiously

• Maintain a trading journal to monitor cashback earnings and ensure accuracy.

### 4. Diversify Cashback Sources

• If allowed, use multiple cashback providers to compare rates and maximize returns.

## Conclusion
Understanding the fundamentals of forex cashback mechanics is the first step toward leveraging this powerful tool in trading. By reducing costs, improving profitability, and providing an additional layer of risk management, cashback programs should be a key component of any trader’s forex cashback strategies. The next section will delve deeper into advanced techniques for optimizing cashback earnings while maintaining a disciplined trading approach.
By mastering these mechanics, traders can turn an often-overlooked perk into a consistent revenue stream, ultimately enhancing their long-term success in the forex market.

2. Broker-Specific Optimization Tactics

To maximize forex cashback, traders must go beyond generic rebate programs and tailor their approach to the specific policies, platforms, and conditions offered by their brokers. Each broker has unique structures for spreads, commissions, execution models, and cashback eligibility—factors that directly impact rebate earnings. This section explores actionable, broker-specific optimization tactics to enhance cashback returns while maintaining trading efficiency.

Understanding Broker Cashback Structures

Before optimizing, traders must dissect their broker’s cashback model. Brokers typically offer rebates in one of the following ways:
1. Per-Lot Rebates – Fixed cashback per traded lot (e.g., $0.50 per standard lot).
2. Spread-Based Rebates – Rebates calculated as a percentage of the spread (common in STP/ECN accounts).
3. Volume Tiers – Higher rebates for increased monthly trading volume.
4. Hybrid Models – Combinations of the above, sometimes with additional bonuses.
Example: A broker may offer $1 per lot for the first 50 lots traded monthly, then $1.50 per lot beyond that. Traders aiming for higher tiers should adjust their volume strategically.

Tactic 1: Selecting the Right Account Type

Brokers often provide different cashback rates based on account types:

• Standard Accounts – Wider spreads but may include built-in rebates.
• ECN/STP Accounts – Tighter spreads with separate commission structures, often yielding higher cashback potential.

Optimization Insight:

• If trading frequently with small spreads, an ECN account with per-trade rebates may be more profitable.
• For longer-term trades where spreads matter less, a standard account with volume-based rebates could be better.

## Tactic 2: Leveraging Spread and Commission Dynamics
Cashback is often tied to spread costs. Traders should:

• Trade During Peak Liquidity – Tighter spreads mean lower trading costs, increasing net rebate value.
• Avoid High-Volatility Periods – Wider spreads can reduce cashback efficiency.
• Compare Fixed vs. Variable Spreads – Some brokers offer better rebates on variable spreads during calm markets.

Example: If a broker refunds 20% of the spread, trading EUR/USD during London session (when spreads are ~0.2 pips) yields better returns than during rollover (when spreads widen to 1 pip).

Tactic 3: Maximizing Volume-Based Rebate Tiers

Many brokers incentivize higher trading volumes with escalating rebates. To capitalize:

• Batch Trades Strategically – Instead of placing multiple small trades, consolidate into larger lots to hit volume thresholds faster.
• Use Partial Close Features – Some brokers allow partial position closures, enabling traders to book profits while keeping volume active.

Case Study: A trader needs 100 lots/month to unlock a 25% higher rebate rate. By front-loading trades early in the month, they secure better rates for subsequent trades.

Tactic 4: Aligning Execution Models with Cashback Policies

Execution type (Market Execution vs. Instant Execution) affects slippage and order fill rates, influencing rebate reliability.

• Market Execution Brokers – Better for scalpers, as orders are filled quickly, ensuring consistent lot volume for rebates.
• Instant Execution Brokers – May requote, delaying trades and potentially missing rebate-qualifying volume.

Optimization Tip: Test execution speeds in a demo account to ensure trades qualify for cashback under real conditions.

Tactic 5: Utilizing Broker Promotions and Seasonal Offers

Brokers frequently run limited-time cashback boosts:

• Double Rebate Events – Temporary increases in per-lot payouts.
• New Account Bonuses – Additional rebates for the first few months.

Strategy: Plan high-volume trading around these promotions to amplify returns.

Tactic 6: Avoiding Cashback Disqualifiers

Some brokers impose restrictions that nullify rebates, such as:

• Hedging Policies – Netting positions may reduce eligible volume.
• Minimum Holding Times – Closing trades too quickly may void rebates.
• Inactivity Fees – Dormant accounts may lose accumulated cashback.

Best Practice: Review broker terms to ensure compliance with rebate rules.

Conclusion

Broker-specific optimization is essential for maximizing forex cashback. By selecting the right account type, aligning trading strategies with spread dynamics, leveraging volume tiers, and capitalizing on promotions, traders can significantly boost rebate earnings. Continuous monitoring of broker policies and adapting tactics accordingly ensures sustained profitability in cashback trading.
The next section will explore Advanced Trade Execution Techniques to further refine cashback efficiency.

3. Trading Style & Cashback Synergies

When it comes to maximizing forex cashback, your trading style plays a pivotal role. Different trading strategies—scalping, day trading, swing trading, and position trading—generate varying trade volumes and frequencies, each offering unique cashback optimization opportunities. Understanding how your trading approach aligns with cashback rebates can significantly enhance your profitability.
In this section, we’ll explore how different trading styles interact with forex cashback programs, the best strategies to maximize rebates, and practical examples to illustrate these synergies.

How Trading Style Affects Cashback Earnings

Forex cashback is typically calculated based on trading volume (per lot) or spread markup. Therefore, the more trades you execute, the higher your potential rebates—but this must be balanced against transaction costs and strategy efficiency.

1. Scalping & High-Frequency Trading (HFT)

Scalpers open and close multiple trades within minutes, capitalizing on small price movements. Since they execute dozens or even hundreds of trades daily, they generate substantial trading volume, making them ideal candidates for forex cashback programs.
Cashback Synergy:

• High trade frequency = More rebates per lot.
• Even small per-trade rebates compound significantly over time.
• Best suited for brokers offering per-lot cashback rather than spread-based rebates.

Example:
A scalper executes 50 trades per day with an average lot size of 0.1. If their cashback provider offers $0.50 per lot, their daily rebate would be:
50 trades × 0.1 lots × $0.50 = $2.50/day → ~$75/month
Considerations:

• Some brokers restrict scalping or charge higher spreads, which may offset cashback gains.
• Ensure the broker allows high-frequency trading before committing.

### 2. Day Trading
Day traders hold positions for hours but close all trades before the market closes. They trade less frequently than scalpers but still generate consistent volume.
Cashback Synergy:

• Moderate trade frequency allows steady rebate accumulation.
• Works well with both per-lot and spread-based cashback models.
• Ideal for traders who prefer a balanced approach between rebates and strategy execution.

Example:
A day trader makes 10 trades daily with an average lot size of 0.5. If their cashback is $1.00 per lot, their monthly rebate would be:
10 trades × 0.5 lots × $1.00 = $5/day → ~$150/month
Considerations:

• Rebates can help offset overnight swap fees if trades are held slightly longer.
• Choosing a broker with tight spreads enhances profitability alongside cashback.

### 3. Swing Trading
Swing traders hold positions for days or weeks, capitalizing on medium-term trends. They trade less frequently but with larger position sizes.
Cashback Synergy:

• Fewer trades mean fewer rebates, but larger lot sizes compensate.
• Best for spread-based cashback where rebates are a percentage of spreads paid.
• Works well with brokers offering higher rebates for bigger trades.

Example:
A swing trader executes 5 trades per week with an average lot size of 2. If their cashback is $3 per lot, their monthly rebate would be:
5 trades × 2 lots × $3 = $30/week → ~$120/month
Considerations:

• Since swing traders pay fewer spreads due to fewer trades, per-lot cashback may be more beneficial.
• Rebates help mitigate the impact of wider spreads on longer-term positions.

### 4. Position Trading (Long-Term Investing)
Position traders hold trades for weeks, months, or even years. They execute the fewest trades but often with the largest volumes.
Cashback Synergy:

• Lowest trade frequency but highest per-trade rebate potential.
• Best for high-volume cashback tiers where brokers offer better rates for larger trades.
• Spread-based rebates may be less impactful due to infrequent trading.

Example:
A position trader opens 2 trades per month with an average lot size of 10. If their cashback is $5 per lot, their monthly rebate would be:
2 trades × 10 lots × $5 = $100/month
Considerations:

• Since position traders pay swap fees, cashback can help offset these costs.
• Some brokers offer scaled rebates—higher returns for larger volumes.

## Optimizing Cashback Based on Trading Style

1. Match Your Strategy with the Right Cashback Model

• High-frequency traders (scalpers/day traders) → Per-lot cashback.
• Swing/position traders → Spread-based or tiered volume rebates.

### 2. Use Multiple Cashback Providers
Some traders combine broker-specific rebates with third-party cashback services to maximize returns.

3. Monitor Broker Restrictions

• Ensure your broker allows your trading style (e.g., no scalping bans).
• Check if cashback applies to all account types (ECN, STP, etc.).

### 4. Adjust Lot Sizes Strategically

• If cashback is per lot, slightly increasing position sizes (while managing risk) can boost rebates.

## Conclusion
Your trading style directly impacts how much cashback you can earn. Scalpers and day traders benefit from high-frequency rebates, while swing and position traders optimize through larger trade sizes. By aligning your strategy with the right cashback model, you can turn rebates into a consistent secondary income stream.
The next section will explore “4. Broker Selection for Maximum Cashback”, helping you choose the best platforms to complement your trading style and rebate goals.

4. Advanced Rebate Maximization Techniques

To truly optimize your forex trading performance, mastering advanced rebate maximization techniques is essential. While basic cashback strategies focus on selecting the right broker and executing trades efficiently, advanced techniques delve deeper into trade structuring, volume optimization, and strategic execution to maximize rebate earnings.
In this section, we explore sophisticated methods that experienced traders use to enhance their forex cashback strategies, ensuring they extract the highest possible value from every trade.

4.1. Volume Tier Optimization

Many forex rebate programs operate on a tiered volume-based structure, meaning the more you trade, the higher your rebate rate becomes. To leverage this:

• Track Your Monthly Volume – Monitor your trading volume closely to ensure you hit the next rebate tier before the end of the billing cycle.
• Front-Load Trading Activity – If you’re close to a higher rebate bracket, consider increasing trade frequency temporarily to unlock better rates.
• Use Scalping & High-Frequency Strategies – Traders who execute numerous small trades can accumulate volume faster, qualifying for better rebates.

Example:
A broker offers:

• 0.8 pips rebate for 50–100 lots/month
• 1.0 pips rebate for 100–200 lots/month

If you’ve traded 95 lots by the 25th of the month, executing an additional 5 lots pushes you into the higher tier, increasing rebates on all subsequent trades.

4.2. Strategic Trade Execution for Rebate Efficiency

Not all trades generate equal rebates. Some execution methods yield higher returns:

• Trade During Peak Liquidity – Higher liquidity (e.g., London-New York overlap) reduces spreads, allowing more efficient trade entries and exits, maximizing net rebates.
• Avoid Slippage on Large Orders – Splitting large orders into smaller chunks minimizes slippage, ensuring you capture the best possible rebate-per-trade.
• Use Limit Orders Over Market Orders – Limit orders often qualify for better rebates since they provide liquidity to the market.

Example:
A trader using market orders may receive a 0.7 pips rebate, while limit orders could yield 1.0 pips due to liquidity provision incentives.

4.3. Multi-Account Rebate Stacking

Some traders utilize multiple accounts across different brokers or rebate programs to compound earnings:

• Diversify Across Brokers – If one broker offers better rebates on EUR/USD while another excels in GBP/JPY, splitting trades can maximize overall returns.
• Combine Direct & Indirect Rebates – Some brokers offer direct cashback, while third-party rebate services provide additional payouts—using both can double earnings.

Example:
Trader A uses:

• Broker X (1.2 pips rebate on EUR/USD)
• Broker Y (1.0 pips rebate on GBP/USD)
• A third-party rebate service (additional 0.3 pips per trade)

By allocating trades strategically, they maximize rebates across all platforms.

4.4. Hedging for Rebate Arbitrage

Sophisticated traders use hedging strategies to generate rebates without directional market risk:

• Simultaneous Long & Short Positions – Opening offsetting positions on correlated pairs (e.g., EUR/USD and USD/CHF) can lock in rebates while neutralizing market exposure.
• Cross-Broker Hedging – If two brokers offer rebates, executing opposing trades on each can generate net-positive rebates with minimal risk.

Example:

• Buy EUR/USD on Broker A (earns rebate)
• Sell EUR/USD on Broker B (earns rebate)
• Net position: Zero market risk, pure rebate profit

Note: This requires careful execution to avoid execution discrepancies or broker restrictions.

4.5. Algorithmic & Automated Rebate Capture

Automated trading systems can optimize rebate generation by:

• Rebate-Aware Trading Bots – Custom algorithms can prioritize high-rebate pairs and execute trades at optimal times.
• Volume-Based Trigger Strategies – Bots can adjust trade frequency to hit rebate thresholds automatically.
• Statistical Arbitrage for Rebates – Some quant traders design strategies where the primary profit driver is rebate accumulation rather than price movement.

Example:
A scalping bot executes 200 micro-lots per day, ensuring the trader qualifies for the highest rebate tier without manual intervention.

4.6. Negotiating Custom Rebate Structures

High-volume traders can often negotiate better rebate terms:

• Direct Broker Negotiation – If trading 500+ lots/month, brokers may offer enhanced rebate rates.
• Exclusive Rebate Deals – Some third-party services provide VIP tiers for elite traders.
• Hybrid Commission-Rebate Models – Some brokers reduce commissions in exchange for slightly lower rebates, which may be more profitable depending on trading style.

Example:
A prop trading firm negotiates a 1.5 pips rebate (vs. the standard 1.0 pips) due to their high trading volume.

Conclusion

Advanced rebate maximization requires a combination of strategic execution, volume optimization, and leveraging broker incentives. By implementing these techniques—whether through tier optimization, hedging, automation, or negotiation—traders can significantly boost their forex cashback earnings.
The key is to align these strategies with your trading style while maintaining risk discipline. Over time, these incremental gains compound, turning rebates into a substantial secondary income stream.
Next Step: In the following section, we’ll analyze how to track and audit rebate payouts to ensure accuracy and consistency.
—

5. Cashback Program Evaluation Framework

When optimizing forex cashback strategies, selecting the right rebate program is crucial. Not all cashback programs are created equal, and traders must evaluate them systematically to ensure maximum profitability. This section introduces a structured Cashback Program Evaluation Framework to help traders assess and compare different forex rebate offerings effectively.

Key Components of the Evaluation Framework

A robust evaluation framework should consider multiple factors, including payout structures, broker compatibility, transparency, and additional benefits. Below are the critical components to analyze when selecting a forex cashback program:

1. Payout Structure and Rebate Rates

The most immediate factor in any cashback program is the rebate rate—the amount paid back per traded lot. However, traders must look beyond the headline rate and assess:

• Fixed vs. Variable Rebates:

– Fixed rebates offer a consistent amount per lot (e.g., $5 per standard lot).
– Variable rebates fluctuate based on spread or commission structures.
– Example: A fixed rebate of $7 per lot may be better for scalpers, while a variable rebate tied to spreads may benefit traders in low-volatility markets.

• Tiered Rebate Models:

– Some programs increase payouts based on trading volume (e.g., higher rebates for traders exceeding 100 lots/month).
– Example: A program offering $6/lot for the first 50 lots and $8/lot beyond that rewards high-frequency traders.

• Frequency of Payouts:

– Daily, weekly, or monthly payouts impact cash flow.
– Frequent payouts (daily/weekly) improve liquidity for active traders.

2. Broker Compatibility and Restrictions

Not all cashback programs work with every broker. Traders must verify:

• Supported Brokers:

– Some rebate providers partner only with specific brokers (e.g., IC Markets, Pepperstone, or Exness).
– Example: A trader using a non-affiliated broker may miss out on rebates entirely.

• Account Type Restrictions:

– Rebates may differ between ECN, STP, or market maker accounts.
– Example: ECN accounts often have higher rebates due to commission-based pricing.

• Geographical Limitations:

– Certain programs exclude traders from specific regions due to regulatory constraints.

3. Transparency and Credibility

A trustworthy cashback program should provide clear, verifiable terms:

• No Hidden Conditions:

– Some providers impose minimum trade requirements or exclude certain instruments (e.g., exotic pairs).
– Example: A program advertising “$10 per lot” may exclude hedging trades.

• Third-Party Verification:

– Reputable rebate providers should have verifiable track records and user reviews.

4. Additional Benefits and Incentives

Beyond raw rebates, traders should consider value-added features:

• Bonus Offers:

– Some programs combine rebates with deposit bonuses or reduced spreads.

• Referral Earnings:

– Certain providers offer extra income for referring other traders.

• Analytical Tools:

– Advanced platforms may provide trade analytics to optimize cashback earnings.

5. Cost-Benefit Analysis

Finally, traders must weigh the program’s benefits against potential drawbacks:

• Impact on Execution Quality:

– Some brokers may widen spreads for rebate-eligible accounts, offsetting gains.

• Opportunity Cost:

– A slightly lower rebate from a more reliable provider may be better than a high-but-unstable alternative.

Practical Application: Evaluating Two Cashback Programs

To illustrate, let’s compare Program A and Program B:
| Criteria | Program A | Program B |
|———————–|———————————-|———————————-|
| Rebate Rate | $7 per standard lot (fixed) | 0.5 pips per trade (variable) |
| Payout Frequency | Weekly | Monthly |
| Broker Support | Limited to 3 major brokers | 20+ global brokers |
| Hidden Fees | None | Excludes scalping strategies |
| Additional Perks | Free VPS hosting | Referral bonuses |
Analysis:

• Program A offers predictability with fixed rebates but has limited broker options.
• Program B provides flexibility with more brokers but may exclude certain trading styles.

A high-volume scalper might prefer Program A for its fixed returns, while a diversified trader may opt for Program B for its wider broker access.

Conclusion: Implementing the Framework

By applying this Cashback Program Evaluation Framework, traders can systematically compare forex rebate offerings and select the most profitable option. Key takeaways:
1. Prioritize transparency—avoid programs with unclear terms.
2. Match the rebate structure to your trading style (fixed for scalpers, variable for long-term traders).
3. Verify broker compatibility to ensure eligibility.
4. Consider additional perks like referral bonuses or analytical tools.
Integrating this structured approach into your forex cashback strategies ensures optimized rebate earnings while minimizing risks. The right program can significantly enhance profitability, making it a vital component of a trader’s overall strategy.

8 FAQs on Forex Cashback Strategies

What are the best forex cashback strategies for high-volume traders?

• Focus on tiered rebate programs that offer higher payouts as trading volume increases.
• Negotiate custom cashback rates with brokers, especially if executing large orders.
• Combine cashback with low spreads/commissions to maximize net gains.

How do I choose the right forex cashback program?

Evaluate based on:

• Rebate transparency (clear payout structures)
• Broker reputation & regulation (avoid unreliable providers)
• Compatibility with your trading style (scalping, day trading, etc.)

Can forex cashback really improve profitability for retail traders?

Yes! Even small rebates (e.g., $1–$5 per lot) compound over time, especially for active traders. When paired with disciplined risk management, cashback can offset losses or amplify gains.

What’s the difference between cashback rebates and reduced spreads?

• Cashback rebates refund a portion of spreads/commissions after trades close.
• Reduced spreads lower upfront costs but may lack post-trade rebates.

Pro Tip: Some brokers offer both—compare net savings.

Are there forex cashback strategies for long-term investors?

Absolutely. While long-term traders execute fewer trades, they can:

• Opt for brokers with high per-lot rebates
• Use cashback to hedge against swap fees
• Reinvest rebates into compounding positions

How do I track and optimize my forex cashback earnings?

• Use rebate tracking tools (provided by brokers or third-party services).
• Analyze monthly statements to identify volume thresholds for higher payouts.
• Adjust trading frequency or broker selection based on rebate efficiency.

Do all brokers offer forex cashback programs?

No—cashback is typically offered by ECN/STP brokers (who profit from spreads/commissions). Market makers rarely provide rebates. Always verify terms before signing up.

Can I combine forex cashback with other trading bonuses?

Sometimes, but read the fine print:

• Welcome bonuses may restrict cashback eligibility.
• No-deposit bonuses often exclude rebates.
• Loyalty programs may stack with cashback for maximum value.