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What is "CASHBACK Victory"? A thorough explanation of the mechanism, features, and how to get started with this overseas FX cashback service!

Posted by: MoneyChat Editorial Department

"CASHBACK Victory" offers cashback based on your trading volume in overseas forex trading

When you trade using an FX account opened through CASHBACK Victory, you can receive cashback on the spread (commission)That is its distinguishing feature

Therefore, this article will cover the features and mechanisms of CASHBACK Victory

We will also explain how to compare it with other services and how to actually get started, so if you are considering investing in overseas forex, please read to the end

CASHBACK Victory: How it works, its advantages and disadvantages

First, let's look at how CASHBACK Victory works and its advantages and disadvantages

This is a must-read for anyone trading in overseas forex without using cashback sites. Choose a site that suits your trading style

CASHBACK Victory is recommended for intermediate and advanced users

Source: CASHBACK Victory

As I mentioned at the beginning,CASHBACK Victory is a cashback service for overseas forex brokersis

If you trade using an FX account opened through CASHBACK Victory, you can receive cash back based on your trading volume

We partner with niche overseas forex brokers that are not available elsewhere, making us highly recommended for intermediate and advanced traders . (As of 2023)

The number of partner companies is 18. Although the number itself is not large,We partner with vendors that are not featured on mainstream websites

Intermediate and advanced traders may use niche brokers due to their focus on leverage and tools.
In that case, be sure to check out CASHBACK Victory.

They may cover the service provider you want to use

The appeal lies in the ability to lower effective transaction costs

Like other cashback services, CASHBACK Victory offers cashback based on your trading volume.
For example, you can earn 1.32 pips per lot when using Instaforex, and up to $8 per lot when using XMTrading.

Since you receive it regardless of the outcome of the trade, it's possible to end up with a profit even if you incur losses in the tradeThere's no reason not to use this

Furthermore, you can consider the cashback you receive as offsetting the actual transaction costs

FX trading involves a spread (commission), but you can offset this trading cost by using a cashback site

If you want to trade without worrying about fees, using a cashback site is essential. Since there are no usage fees, I highly recommend using one

If you'd like to review the basics and mechanisms of cashback websites, please see the article below

✓ Also frequently read

What is cashback on overseas forex trading? A complete guide to choosing a cashback site, its drawbacks, taxes, and more

If you're trading in overseas forex, you'll definitely lose money if you don't use cashback. However, many people probably have questions like these: What exactly is cashback? What should I do to get the most out of it? Are there taxes on profits earned from cashback? This article answers these questions and explains points to consider when choosing a site. It's written in an easy-to-understand way even for beginners, so please use it as a reference! Advantages & Disadvantages of Overseas Forex Cashback Sites / How to Choose One In short, overseas forex cashback is a service that gives money back to users. You can receive money when opening an account or making a deposit, depending on the volume of your trades. There are two types of cashback: Direct cashback: Bonuses unique to the overseas forex broker. Indirect cashback: Bonuses from cashback sites (companies that specialize only in cashback). The former is not cash but money received as margin when trading, and includes account opening bonuses and deposit bonuses. The latter is cash directly deposited into your account. Everything offered by cashback sites falls under this "indirect cashback". What are overseas forex cashback sites? A "cashback site" is, simply put, like an agent for overseas forex brokers. When you open an account through the site, the overseas forex broker pays the cashback site a referral fee. The cashback site receives money from the overseas forex broker each time, depending on the trading volume of the site user. A portion of the money earned is then returned to the site user as a bonus. This cashback can be received for every trade. To trade as profitably as possible, it is necessary to deepen your understanding of cashback. It is sufficient to understand that cashback can reduce fees. Those familiar with overseas forex can easily understand this by thinking of it in terms of spreads, as follows: Example: If you can receive a cashback of $3 per lot (100,000 currency units) You can receive $3 in cash for each lot traded. If the spread is 1.0 pips, then $3 is returned as 0.3 pips. The returned amount can be used to reduce the spread width to (1.0 - 0.3) pips, effectively making the spread 0.7 pips. This is the logic that cashback can narrow the effective spread. Why do they offer cashback? Why do overseas forex brokers offer cashback to their users? At first glance, it may seem like they're just handing out money. However, by implementing a cashback system, both the broker and the user have a win-win relationship. In short, overseas forex brokers make money from the fees incurred for each trade. The more users there are, the greater the total trading volume, and the more fees the broker can receive from users. It's safe to assume that brokers offer cashback to attract more users. They're happy if giving back to users, even a little, encourages more people to "try forex!" You might feel suspicious and think, "It's shady to get money just for trading," but the brokers do it to make a profit, so please use it with peace of mind. Profits from cashback are subject to tax (you need to file a tax return) Cashback is a great service that gives you money back for each trade, but if there is a downside, it is that the money you receive is subject to tax. The bonus you receive from the cashback site is deposited directly into your account as cash. The deposited money can be withdrawn from your account as cash, so the money you receive is considered profit earned from forex. As a result, any profits earned from cashback must be included when filing your tax return. Be aware that, like profits earned from FX trading, it is treated as taxable income. Profits earned from overseas FX (including cashback) are subject to comprehensive taxation as miscellaneous income. The tax rate for comprehensive taxation is determined by a progressive tax system (7 levels from 4% to 45%). The more profit you make, the higher your taxes will be, so be sure to check your profits carefully. On the other hand, bonuses unique to FX brokers are generally not subject to taxation. This is because they are distributed as margin or points, not actual cash. Choosing an overseas FX broker you want to use for trading is important. Avoid choosing an overseas FX broker based solely on cashback. A site that seems to have a good cashback rate may have wider spreads than other companies. You should choose a cashback site using the following steps: Choose the broker you want to use. Choose a cashback site that handles the overseas FX broker you have chosen. Compare the cashback rates and narrow it down to one. The most important thing is to avoid losing money in trading. Don't be fooled by temporary campaigns or high cashback rates offered by FX brokers. It's important to choose a cashback site based on the overseas FX broker you want to use or a trusted overseas FX broker. Even if you are already registered with an overseas FX broker, you can open additional accounts. If the broker allows you to open multiple accounts, you can open a new account with the same broker through the cashback site. (You can open an additional account even if you already have an account with that broker.) Some brokers only allow you to open one account (such as iFOREX), so if you are just starting out in FX, we recommend that you check the following two points before opening an account: The number of accounts that can be opened Partner cashback sites Note that some brokers do not allow account opening through cashback sites at all. Money Charger's partners are popular brokers Money Charger partners with overseas FX brokers that are popular with Japanese people. All partners support Japanese, so you can rest assured. The following four companies are partnered with Money Charger: Gemforex FXGT IS6FX FXBeyond Money Charger's cashback rates for the above four companies are considerably higher than those of other cashback sites. *IS6FX has relatively few Japanese users and can be considered more suitable for intermediate to advanced FX traders. It's also important to check if there's direct cashback. Bonuses offered directly by overseas FX brokers = direct cashback. Bonuses from cashback sites = indirect cashback. In most cases, you cannot receive both simultaneously. Therefore, we recommend checking for direct cashback first. If you want to open an account with an overseas FX broker that doesn't offer direct cashback, we recommend opening the account through a cashback site. Overseas FX brokers with direct cashback: ・GemForex ・Hotforex ・XM ・LAND-FX ・iFOREX ・FBS Overseas FX brokers without direct cashback…

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The referral fees that businesses pay to cashback sites are passed on to users

Source: CASHBACK Victory

Some people might think it's suspicious to get cashback just for making a transaction. This system works because..abroadFX brokersBecause they pay referral fees to cashback sitesis

A portion of that is paid to the user as a cashback

While there are some unscrupulous businesses out there, the fact that they clearly show users the flow of money like this is an important point in identifying reputable services

It has been operating since 2013, and the fact that it has no negative reviews regarding non-payment or other issues is also commendable

The amount you receive and the cashback rate vary depending on the trading currency, unit, and number of trades

The cashback amount depends on factors such as the trading currency and unit, the number of trades per day, and the account typeIt varies greatly depending on the individual

The table below shows examples for different brokers and account types

Overseas Forex BrokersAccount typeCashback amount

Micro, Standard, and Zero Accounts$8 / $4
Regardless of account type$8
Standard Account / Blade Account$3.40 / $0.80
Regardless of account type$13.20

CASHBACK Victory currently works with 18 FX brokers, and a distinctive feature is its partnerships with brokers that other sites do not handle

However, if you use a major FX broker, other cashback sites may offer higher reward rates

howeverFor niche companies, not only is it rare to find them, but their return rates are among the highest in the countryChoose the site that suits you best

On the CASHBACK Victory official website, you can calculate a cashback estimate by entering the transaction unit, number of transactions, and cashback rate. Try calculating it for your own case

CASHBACK Victory Official Website

The advantage is the irregular, unique campaigns

Source: CASHBACK Victory

In addition to handling unusual vendors, CASHBACK Victory is irregularWe're holding our own campaignThat's what's appealing about it

In the past, there have been instances where they have given 20,000 yen to users who opened an account during the campaign period, or given 20,000 yen to existing users who traded 10 lots or more through a lottery

I recommend checking the official website regularly so you don't miss out

Furthermore, we also partner with niche businesses

As shown in the diagram below, if you only look at the minimum withdrawal amount and cashback rate, it's hard to say that CASHBACK Victory is the industry leader

Contractor
Withdrawal methodsBitwallet, STICPAY, Bank TransfertransfertransferNeteller, bank transfer
Minimum redemption amount1500 yen5000 yen5000 yen5000 yen
Bank transfer feefreefreefreefree
Transfer dateThe next day after application2-3 days after application2-3 days after application2-3 days after application

but,One of the great things about this company is the wide range of partner companies they work withThis is a must-read for anyone who is particular about the usability of their tools and uses a provider that isn't the largest

I've compiled a list of companies that TariTali doesn't carry but CASHBACK Victory does have partnerships with

  • iFOREX
  • FXDD
  • IFC Markets
  • ForexMetal
  • FXOpen
  • instaforex
  • AXITrader
  • IC Markets
  • Pepperstone

Make sure to check carefully to see if there is a company that suits your needs

The downside is that you might not receive your bonus

Not just CASHBACK Victory,Opening a forex account through an overseas forex cashback website may result in you not receiving bonuses from the overseas forex broker

It's easier to understand if you imagine a system where there's a fixed amount that can be returned to the user, and that amount is either paid directly by the business or by the cashback site. If they received money from both, the business wouldn't be able to survive

Therefore, many FX brokers prohibit the use of both direct cashback (cashback received from overseas FX brokers) and indirect cashback (cashback received from sites like CASHBACK Victory)

To avoid regretting your decision after registering, compare the cashback amount and bonus amount beforehand and choose the one with the higher offer

Account verification is required to receive the cashback

There is one crucial step you must never forget to receive your cashback with CASHBACK Victory"Account Opening Verification"is

Before starting trading with any FX broker, you must register as a user on CASHBACK Victory and then link your account through the "Account Verification Window." Please note that trades made before this is completed will not be eligible for cashback

And thenYou automatically receive cashback every time you make a tradeSo please give it a try

CASHBACK Victory reviews and reputation

We conducted our own research using social media and online forums

  • Thanks to the cashback, my total trading profit turned out to be positive
  • You should definitely use it
  • So far, there have been no withdrawal refusals, so I feel safe
  • I'm glad there's Japanese language support
  • Depending on the item, the cashback rate and payment speed may be inferior to other sites

While some reviews mentioned that the cashback rates and transfer speeds were inferior to other FX brokers, the majority of opinions were generally positive

Some users have said things like, "You absolutely must use this," and "This has made my trading profitable," so it's safe to say that this is a cashback site you can try with confidence

Here are some actual comments

Most people would recommend CASHBACK Victory

CASHBACK Victory seems to have a good reputation as a cashback service

Some users commented, "I would recommend this to others," and "Thanks to this, my overall profit and loss turned positive."

Source: CASHBACK Victory

Cashback can be received based on trading volumeTherefore, you can create an income source separate from the profits from FX trading

As the second review mentioned, a major advantage is that you can increase your profits through CASHBACK Victory's cashback program

There appear to be no cases of withdrawal refusals or significant delays in transfers

According to our independent research, CASHBACK Victory 's 13-year history of operation, we have not found any instances of withdrawal refusals or significant delays in transfers.

Given that there are unscrupulous companies that freeze and abscond with users' funds, this track record is a significant source of reassurance

If your withdrawal is refused, it may be due to a violation of the terms of service by the user

however,If a user violates the terms and conditions, withdrawals may be refusedThere is. Basically,CASHBACK VictoryAs long as you don't engage in malicious transactions that cause damage to others, there shouldn't be any problems

You can view the terms of service here

However, some people have complained that the cashback rate is low

However, some users have commented that the cashback rate is lower compared to other cashback sites. This is likely the case when using major FX brokers.
CASHBACK Victory covers relatively minor brokers as well, and its advantage lies in its higher cashback rates in those cases. It's best to decide based on your needs.

Pay attention to the exchange rate at the time of cashback calculation

At CASHBACK Victory, all cashback is paid in Japanese Yen. This is because a portion of the referral fees paid to CASHBACK Victory in US dollars by our partner FX companies is converted to Yen. Yen is calculated using the exchange rate at the time of the user's cashback calculation. Caution is advised during periods of significant market fluctuations .

Industry leader! If you want to withdraw your winnings in as little as 4 hours, "MoneyChat" is highly recommended!

some reviews mention that CASHBACK Victory's , there are some sites that can actually deposit funds as quickly as the same day. One such site is Money Charger.

According to one review, the changes were reflected in approximately four hours

If the cashback is credited immediately, you might be able to increase your investment funds exponentially. If you're interested, please check the details by clicking the button below!

Learn more about Manecha

How to get started with CASHBACK Victory

Here, we'll go through the registration process for CASHBACK Victory

  1. Register with TariTali
  2. Open an account with a company that offers cashback
  3. Link your account number from your user page

I will explain each of them in order, so please take this opportunity to register

① Register for CASHBACK Victory

First, the CASHBACK Victory official website. Once you open the website, click the "Free User Registration" button on the right side of the screen.

Clicking the "Free User Registration" button will display a new registration form like the one shown above. Please fill in the required information, agree to the terms and conditions, and then click the "Register" button

After submitting the form, a confirmation email will be sent to the email address you registered. Please click the URL in the email to complete the email address verification process

Once your email address has been verified, the CASHBACK Victory official website again and click the "Login" button.

Please enter your registered email address and password to log in

② Open an account with a company that offers cashback

CASHBACK Victory is to create an overseas forex account CASHBACK Victory

Please note that you will not receive the cashback unless you open an overseas forex account through CASHBACK Victory

To proceed, first access the CASHBACK Victory

Choose the overseas forex broker you want to use from the "List of Forex Companies"

For example, if you want to use XM, click on "XMTRADING" and then click the "Details/Application" button

③ Link your account number from your user page

Register the overseas forex account you created via CASHBACK Victory CASHBACK Victory

the CASHBACK Victory homepage, select "Login" and log in using your email address and password.

Next, click on "Account Verification Window" and enter the name of the overseas forex broker you registered with and your account number

Finally, click "Submit Verification Request" and wait for a registration confirmation email to arrive

The following three payment methods are supported by CASHBACK Victory:

  1. Bank transfer
  2. bitwallet
  3. Neteller

For payment information, please enter the bank name, branch name, account number, and account holder's name

If you have any questions or problems, this inquiry form and we will assist you.

Frequently Asked Questions about CASHBACK Victory

We have compiled a list of frequently asked questions regarding CASHBACK Victory

  • When will the cashback start?
  • How do I cancel my membership?
  • What if I already have an account with the partner FX company I want to use?

Let's check the items that interest you

Q. When will the cashback start?

The cashback will be credited once account verification is complete

Before starting trading, please check if you have received the account verification email

Please note that you cannot claim cashback retroactively for past trades

Q. How do I cancel my Cashback Victory membership?

You can unsubscribe by contacting us through our inquiry page and stating your wish to cancel your membership

However, any outstanding cashback balance will be considered forfeited upon cancellation and will no longer be available for withdrawal

We recommend withdrawing your funds after you have accumulated the minimum withdrawal amount of 5,000 yen

Q. What if I already have an account with the partner FX company I want to use?

To receive the cashback, you need to open an account through the designated link within CASHBACK Victory

Therefore, some FX brokers may exclude it from their cashback program

In some cases, you may be able to use this service by opening an additional account using the specified method, so please check the cashback conditions on each company's website

Here , we've compiled a comparison of various brokers, mainly focusing on those with high execution capabilities. We hope this helps you choose the right broker.

✓ Also frequently read

Comparison list of overseas forex brokers with high execution speed | Which brokers are less prone to slippage?

Have you ever experienced problems like: "I missed a great trading opportunity because my order wasn't being executed properly," or "Due to slippage, the execution rate was 5 pips higher than the order rate"? In conclusion, if you're trading with an overseas forex broker, it's best to choose one with high execution speed. This is because high execution speed reduces the chances of missing trading opportunities and slippage. This article compares overseas forex brokers with high execution speed and introduces brokers that are less prone to slippage. We will also explain in detail the points to consider when evaluating execution speed, so please use this as a reference. What is execution speed? Execution speed is the ability to execute trades at the price you intended. If execution speed is low, there is a high possibility that you will not be able to execute trades as you intended. Here, we will explain the following in detail about execution speed: Is execution speed important in overseas forex? What is the execution rate? What is slippage? If you want to know how execution speed affects trading, please refer to this article. Is execution speed important in overseas forex? Execution speed is an extremely important factor in overseas forex. This is because in FX trading, there is a risk of incurring unexpected losses because trades may not be executed at the price you ordered. Also, in overseas FX, high leverage trading is common, and even a small movement of pips can cause a large price movement. Therefore, being off by a few pips from your target price can lead to a significant risk. Thus, execution power is extremely important for trading at your target price. What is the execution rate? The execution rate is the degree to which trades are executed at the price you ordered. On the other hand, execution power refers to the accuracy of execution, so be careful as the meanings are different. The execution rate can be calculated using the following formula: Execution rate = "Number of trades executed at the price you ordered" ÷ "Number of trades you ordered (number of market orders)" The execution rate will be higher if the FX broker's server specifications and system processing power are superior. What is slippage? Slippage is the difference between the price you ordered and the price at which the trade was actually executed. Slippage is more likely to occur in volatile markets and with streaming orders where the time from order to execution is short. Furthermore, low execution speed makes slippage more likely. Therefore, to prevent slippage, it is recommended to trade with a broker that has high execution speed. Comparing the difference in execution speed between overseas and domestic FX brokers There is a difference in execution speed between overseas and domestic FX brokers. Generally, overseas FX brokers tend to have higher execution speeds. Here, we will compare the differences between overseas and domestic FX brokers in the following ways: Comparing the differences in trading methods Comparing the differences in execution rates Comparing the differences in ease of large-volume trading We will explain why overseas FX brokers have superior execution speeds, so please refer to this information. Comparing the differences in trading methods Overseas and domestic FX brokers use different trading methods. The differences in trading methods are summarized in the table below. Overseas FX broker Domestic FX broker Main trading method NDD method DD method Execution speed Fast Slow No intervention by FX broker in trading Yes Transparency of trading High Low Spread Wide Narrow Source of income for FX company Spread, trading commission Customer loss Overseas FX brokers mainly use the NDD method, while domestic FX brokers mainly use the DD method. The NDD (No Dealing Desk) method offers high transparency and fast execution speeds because the FX broker does not intervene in the trade, making order rejections and slippage less likely. In the DD (Dealing Desk) method, the FX broker intervenes in the trade, resulting in lower transparency and a higher likelihood of order rejections and slippage. Comparing the difference in execution rates: There is a difference in execution rates between overseas and domestic FX brokers, with overseas brokers generally having higher execution rates. Overseas FX brokers use the NDD method, while domestic FX brokers use the DD method, and this difference in trading methods results in a difference in execution rates. In the DD method, since the FX broker is involved in the trade, there is a possibility of order rejection if the trade is unfavorable to the FX broker. If orders are rejected, the execution rate will inevitably decrease, so the DD method, where order rejections are possible, has a lower execution rate than the NDD method. Comparing the difference in ease of large-volume trading: There is a difference in the ease of large-volume trading between overseas and domestic FX brokers. Generally, domestic FX trades in lots of 10,000 currency units, while overseas FX trades in lots of 100,000 currency units, meaning that overseas FX allows for larger order sizes at once. When trading large volumes with many lots at once, even a few pips of error can significantly affect the price. Therefore, overseas FX, with its strong execution capabilities, is generally easier to use for large-volume trading. https://money-charger.com/information/fx-domestic-and-overseas/ Advantages of overseas FX brokers with high execution capabilities Here are the advantages of trading with overseas FX brokers with high execution capabilities. The advantages are as follows: Easier to trade large volumes Easier to trade according to plan Easier to use scalping techniques We will explain each of these in detail, so please refer to them. Easier to trade large volumes One advantage of trading with overseas FX brokers with high execution capabilities is that it makes large-volume trading easier. Because large-volume trading involves trading many lots at once, there is a risk of significant losses if order rejection or slippage occurs. With overseas forex brokers, the NDD (No Dealing Desk) system is used, which avoids the risks mentioned above, allowing for safe trading. The advantage of trading with overseas forex brokers that have high execution capabilities is that you can trade according to your plan. With overseas forex brokers that use the NDD system, there are no order rejections, so trades can be executed as planned. ..

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summary

This page summarizes information about CASHBACK Victory

Finally, let's review the important points

  • CASHBACK Victory is a reputable site that covers even minor businesses
  • The advantage is that it can effectively lower transaction costs
  • They also offer additional cashback during irregular campaigns
  • There are no fees, and the minimum withdrawal amount is 5,000 yen
  • The downside is that when using major companies, the return rate is not the best
  • To get started, you need to open an account through CASHBACK Victory

The appeal of CASHBACK Victory lies in its ability to select niche service providers and its irregularly held campaigns. It's the perfect cashback site for those who have specific service providers in mind. Checking the official website is essential to earn extra cashback through campaigns

Why not take this opportunity to open an account?

If you're interested after reading this article

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