Getting cashback with FX trading isn't impossible! Opening an account with an overseas FX broker is recommended

Many people say that it's impossible to meet the conditions for FX cashback

Indeed, it's almost impossible to meet the cashback conditions offered by domestic FX brokers

However, cashback offers from overseas forex brokers are a different story

The conditions are incredibly lenient, making it easy for anyone to receive cashback

Therefore, this article will provide a detailed explanation of the cashback programs offered by overseas and domestic FX brokers

Reading this will help you decide which FX broker to choose

It's practically impossible to get cashback from domestic FX brokers!

In recent years, most domestic FX brokers have introduced some form of cashback program

There are two main types

One offer is, " Get XX yen cashback when you open a new trading account ."

The conditions are easy to meet, but the cashback is usually only a few thousand yen

As you know, in FX, you can earn several thousand yen in a single trade

Considering that, it's not very appealing

Another offer is If you trade XX units within the specified period, you will receive a cashback of XX yen

This is characterized by its very high cashback offers, such as "Up to 1 million yen cashback!"

However, to meet the cashback requirements, you must conduct a massive volume of transactions within a certain period

It's practically impossible for an average trader to handle that many trades

Furthermore, a transaction cost is incurred due to the spread in every trade, and when converted into monetary terms, it amounts to more than what you receive in cashback

Ultimately, I only managed to recoup some of the trading costs incurred by the spread

In other words, the idea of ​​increasing the number of transactions in order to receive cashback is putting the cart before the horse

First of all, domestic FX brokers are limited to a maximum leverage of 25 times

This prevents you from experiencing the dynamic trading that is the greatest appeal of FX. (Overseas FX brokers offer leverage of 25 times or more.)

For these reasons, opening an account with a domestic FX broker solely for the purpose of receiving cashback is not necessarily advantageous .

Cashback is definitely possible with overseas forex brokers!

Cashback from overseas forex brokers is a service that significantly reduces the effective trading cost by returning the commission paid to the broker when trading to the trader

For example, if a 2-pip spread occurs when buying or selling USD/JPY, 1 pip of that spread might be refunded

The great thing about this cashback system is it continues almost indefinitely from the first transaction .

Especially for those who engage in scalping or plan to trade FX for the long term, this can result in benefits of not just 1 million yen, but several million to tens of millions of yen

Therefore, it's not impossible to receive substantial cashback from overseas forex brokers .

How to receive cashback from overseas forex brokers

To receive cashback from overseas forex brokers, you need to register with a cashback website .

The process begins with registering with a cashback website of your choice, and then selecting a partnered overseas forex broker from within that website

Furthermore, registering with a cashback site is very easy

1. Enter your email address and name
2. Choose your own ID and password
3. I agree to the terms of service

Since you only need to do the three steps mentioned above, registration will be completed in 1-2 minutes

Key points for choosing an FX cashback site

There are many FX cashback websites

You will choose one from among them, and the following four points will be important when making your decision

• High reliability
• Japanese language support
• Deposit and withdrawal speed
• Whether or not there is a fee

High reliability

The most important factor when choosing an FX cashback site is its reliability

Since deposits and withdrawals are handled through FX cashback websites, it would be a major problem if those sites went bankrupt

Furthermore, investment-related activities are often fraught with fraud .

If you're tempted by attractive cashback offers and choose a lesser-known company, you might fall victim to a scam

Therefore, you must gather information carefully and find a reliable FX cashback site

For those who prefer not to do their own research, this article recommends the following FX cashback websites

https://money-charger.com/

Japanese language support

Some minor FX cashback websites have inadequate Japanese language support

The explanations were difficult to understand, and there were no support staff who spoke Japanese..

This makes it impossible to quickly resolve unforeseen situations

Therefore, you need to to see how much of it is available in Japanese

Deposit and withdrawal speed

Deposits and withdrawals from the account are made through the FX cashback website

The problem here is the speed of deposits and withdrawals

Naturally, you should choose the option that is available as soon as possible

Furthermore, with a reputable FX cashback site, deposits and withdrawals can be completed in as little as one business day after the procedure is completed

It is usually completed within three business days at the latest .

Whether or not there is a fee

Some FX cashback websites charge a service fee

No matter how much cashback you receive, it's pointless if there are high fees involved .

A fee of a few thousand yen is acceptable, but you should avoid any service that charges more than that

What are some recommended FX cashback sites?

There are several FX cashback websites, and each has different terms and conditions of use

First, please check the differences in the table below

<Main FX cashback sites>

Cashback site name	Number of affiliated FX brokers	Minimum withdrawal amount	Usage fee
Money Charger	12 companies	1,000 yen	free
RoyalCashBack	17 companies	5,000 yen	free
TariTali	19 companies	1,500 yen	free
FinalCashBack	39 companies	5,000 yen	free
CASHBACK FOREX	39 companies	5,000 yen	$40
CASHBACK Victory	18 companies	5,000 yen	free

Each company has its pros and cons, so you might be wondering which one to choose..

This article recommends Money Charger

Some people seem to avoid Money Charger because there are few providers, but that's nonsense

This is because most overseas forex brokers these days are excellent, and there's hardly any difference in the quality of their services anymore

Since you'll likely only need to open one or two trading accounts, having 12 partner companies like Money Charger is more than enough

You can register for Money Charger via the link below

https://money-charger.com/

Reasons why Money Charger is recommended

Here are four reasons why I recommend Money Charger:

• Highly reliable
• No usage fee
• Low minimum withdrawal amount
• No spread added

Highly reliable

Money Charger launched its service in 2022, so it has relatively little experience as an FX cashback site

However, the company itself has been around since 2013 and has conducted many businesses, including the sale of FX automated trading software, strategic planning for broker startups, customer referrals to brokers, marketing consulting, and development of core systems

The customer referral business, in particular, seems to have been successful, generating 11.5 billion yen in sales over seven years

That's an amount that's simply impossible for an unknown company to offer

This indicates that it is at least not a suspicious company

Furthermore, the current cashback website business is mainly operating in Asia, and Japanese language support is excellent.

No usage fee

As seen in the table above, CASHBACK FOREX requires a $40 fee

This alone will cost 6,000 to 7,000 yen

On the other hand, Money Charger has no usage fees .

Low minimum withdrawal amount

FX cashback sites have a system in place that prevents withdrawals until the total profit amount exceeds a certain threshold

This is called the minimum withdrawal amount, and most FX cashback sites set it at 5,000 yen

Amidst all this, Money Charger's minimum withdrawal amount is only 1,000 yen

Since you likely haven't made significant profits yet at the start of trading, advantageous to have the lowest possible minimum withdrawal amount .

Withdrawals from Money Charger take a minimum of one business day

It will be completed within 3 business days at the latest

No spread added

The main feature of FX cashback sites is that they can reduce the burden of the spread incurred in a single trade

For example, if the spread is normally 2 pips, an FX cashback site will give you a 1 pip cashback after the trade is completed

The problem with this system is that some FX cashback websites include the cashback amount in the spread from the start

In that respect, the spreads offered by Money Charger are the same as those offered by the overseas forex broker in question

Since each overseas forex broker publishes its spreads on its official website, it's impossible for them to hide any markups they add

In other words, there are no added spreads whatsoever, so traders will not lose money even if they trade through Money Charger .

Which overseas forex brokers that partner with Money Charger are recommended?

If I register with Money Charger, which overseas forex broker is recommended?

First, let's look at a list of overseas forex brokers that partner with Money Charger

<Overseas Forex brokers that partner with Money Charger>

	Leverage	Spread example	Margin call	Trading Tools	Financial License
Exness	Up to 2,000x	1.1 pips/USD/JPY, 1.0 pips/EUR/USD	none	MT4/MT5/Exness app	Cyprus Securities and Exchange Commission
ThreeTrader	Up to 500x	0.59 pips/USD/JPY, 0.59 pips/EUR/USD	none	MT4	Vanuatu Financial Services Board
Titan FX	Up to 1,000x	1.33 pips/USD/JPY, 1.2 pips/EUR/USD	none	MT4/MT5	Vanuatu Financial Services Board
Axiory	Up to 1,000x	1.4 pips/USD/JPY, 1.2 pips/EUR/USD	none	MT4/MT5/CTrader	Belize International Financial Services Committee
axi	Up to 1,000x	1.2 pips/USD/JPY, 1.3 pips/EUR/USD	none	MT4/MT5/PsyQuation/Myfxbook Autotrade	Australia
HFM	Up to 2,000x	1.6 pips/USD/JPY, 1.2 pips/EUR/USD	none	MT4/MT5/HFM platform	Seychelles Financial Services Authority
Bing X	Up to 1,000x	Varies depending on the cumulative trading volume over a 30-day period	none	BingX app/MT5	United States (and 3 other countries)
FXGT	Up to 1,000x	1.7 pips/USD/JPY, 1.4 pips/EUR/USD	none	MT5	Seychelles Financial Services Authority
IS6FX	Up to 1,000x	1.6 pips/USD/JPY, 1.6 pips/EUR/USD	none	MT4	Financial Services Authority of Saint Vincent and the Grenadines
VTmarkets	Up to 500x	3.4 pips/USD/JPY, 3.2 pips/EUR/USD	none	MT4/MT5/VTmarkets app	Australian Securities and Exchange Commission (and two other countries)
Monaxa	Up to 2,000x	2.3 pips/USD/JPY, 1.8 pips/EUR/USD	none	MT4/MT5/CTrader	Australian Securities and Exchange Commission (and two other countries)
JadeForex	Up to 200x	1.7 pips/USD/JPY, 1.7 pips/EUR/JPY	none	CTrader	Seychelles Financial Services Authority

As of October 2024, there are 12 overseas forex brokers that are partnered with Money Charger

All of these are reliable companies that hold financial licenses

Furthermore, each of the overseas forex brokers that partner with Money Charger has its own unique characteristics

Since there are many different ways to trade FX, it's important to open an account with an overseas FX broker that suits your needs

Therefore, we will introduce recommended overseas forex brokers in the following three categories, which are particularly in high demand

• High leverage and narrow spreads
• Enhanced trading tools
• You can also trade cryptocurrencies

If you prioritize high leverage and narrow spreads, then Exness

(*Source: Exness )

One of the key features of Exness its leverage of up to 2,000 times .

Most overseas forex brokers offer leverage up to 1,000 times, while domestic forex brokers have a limit of 25 times, so the difference with Exness is obvious

This is highly recommended for those who want to achieve maximum results with minimal capital

Another great thing is the narrow spread

We offer the narrowest spreads in the industry, starting from a minimum of 0.0 pips

Furthermore, for major currency pairs, the spread is fixed for 90% of the time

For traders, the spread is simply a cost, so Exness can be considered an FX broker that makes it easy to generate profits

Incidentally, Exness also offers excellent support in Japanese

Not only can you contact us by email, but you can also make phone calls in Japanese, so you can rest assured even if a problem arises

If trading tools are your priority, choose AXI

( *Source: axi )

One of AXI's strengths is its comprehensive trading tools

In addition to common platforms like MT4 and MT5, you can also use PsyQuation and Myfxbook Autotrade

With so many trading tools available, to find one that's perfect for you .

Furthermore, if one trading tool experiences a malfunction, you can still trade using other trading tools

If you also trade cryptocurrencies, then FXGT is the place to go

(*Source: FXGT )

In recent years, the number of people investing in cryptocurrencies (digital assets) such as Bitcoin has been increasing

Some people may be involved in both forex trading and cryptocurrency trading

For people like that, FXGT is highly recommended

With FXGT, you can trade both foreign exchange and cryptocurrencies in a single account .

Moreover, you can also trade metals such as gold and silver, energy such as oil and gas, and stocks

The basic principle of investing is diversification

If you're looking to trade in various markets to hedge your risks, FXGT might be a good fit for you

Disadvantages of FX cashback sites

One of the biggest advantages of using an FX cashback site is that you receive cashback every time you make a trade

However, there are also the following disadvantages

• You may be excluded from campaigns and bonuses
• The money received as cashback is subject to taxation

You may be excluded from campaigns and bonuses

Trading through an FX cashback site may disqualify you from receiving promotions and bonuses offered by overseas FX brokers

Specifically, these include "new account opening bonuses" and "deposit bonuses."

Even among overseas forex brokers, some may include users of forex cashback websites in their offers, while others may not. It's impossible to know this in advance

Furthermore, the high-value campaigns and bonuses offered by overseas forex brokers are often difficult to meet

Conversely, things that are easy to achieve are low-cost

Therefore, there's no need to be fixated on the campaigns and bonuses offered by overseas forex brokers .

The money received as cashback is subject to taxation

Cashback from FX cashback sites is deposited into your trading account as cash

Therefore, the money received will be subject to taxation .

Whether or not you are actually taxed depends on the total profit or loss from your FX trading results

If your annual profit exceeds 200,000 yen, you must file a tax return and pay the appropriate amount of tax

However, this is true of all investments

If your profit is less than 200,000 yen, you won't have to pay taxes, but that also means you didn't make much money

It would be more constructive to be determined to "pay what you owe" and focus on making a solid profit

Domestic FX brokers with "not recommended" cashback offers

There are probably some people who absolutely want to open an account with a domestic FX broker

Therefore, I'd like to introduce some domestic FX brokers that offer cashback

FX company	Maximum cashback amount	Cashback conditions
DMM FX	300,000 yen	You must trade 120,000 lots or more within 3 months of opening your account (the cashback amount varies depending on the trading volume; the minimum is 10,000 yen for 1,000 lots)
GMO Click Securities "FX Neo"	1,000,000 yen	You must trade at least 4 billion currency units by the last business day of the month two months after the month in which your trading account is opened (the cashback amount varies depending on the trading volume; the minimum is 100 yen for 100,000 currency units)
Traders Securities "Minna no FX"	1,000,000 yen	The lower of the two conditions for achieving the goal is used: the difference between withdrawals and new trades. Achievement is achieved if the difference between deposits and withdrawals is ¥1,000,000 or more AND the trading volume is 22,500 lots or more (if the difference between deposits and withdrawals is ¥300,000 or less and the trading volume is less than 60 lots, a ¥1,000 cashback is provided)
LIGHTFX	1,000,000 yen	You must trade at least 200,000 lots by the end of the month following the month in which you applied for a new account (the cashback amount varies depending on the trading volume; the minimum is 1,000 yen for 30-100 lots)
Gaitame.com "Gaikane Next Neo"	1,002,000 yen	You can earn 2,000 yen by trading 1 billion currency units between the month of account opening and the end of the following month (the cashback amount varies depending on the trading volume; the minimum is 1,000 yen for 200,000 currency units) and by completing one new order of 10,000 currency units or more
SBIFX Trade	1,005,000 yen	By trading 1 billion units of currency by 6:30 AM on Saturday, November 30, 2024 (cashback amount varies depending on trading volume; minimum is 10,000 yen for 10 million units of currency), and by completing one new order of 10,000 units or more, you will receive 5,000 yen
GMO Foreign Exchange "Foreign Exchange ex"	1,000,000 yen	You must trade at least 5 billion units of currency by the last business day of the month two months after the month in which your account was opened (the cashback amount varies depending on the trading volume; the minimum is 500 yen for 500,000 units)
Matsui Securities	1,000,000 yen	You must trade at least 1 billion units of one of the 19 currency pairs (excluding USD/JPY) between opening your FX account and the end of the following month (the cashback amount varies depending on the trading volume; the minimum is 500 yen for 500,000 units)
FX Broadnet	30,000 yen	You must trade at least 3 million currency units by the end of the month following the month in which you opened your new account
LINE Securities "LINEFX"	1,000,000 yen	You must trade at least 8 billion currency units by the last business day of the month two months after the month in which your trading account is opened (the cashback amount varies depending on the trading volume; the minimum is 100 yen for 50,000 currency units)
JFX "MATRIX TRADER"	1,000,000 yen	Trade 500 million units or more of GBP/JPY or AUD/JPY by October 31, 2024 (cashback amount varies depending on trading volume; minimum is 1,000 yen for trading 200,000 units or more)
Hirose Trading "LION FX"	1,000,000 yen	Trade 250 million units or more of GBP/JPY by October 31, 2024 (cashback amount varies depending on trading volume; minimum is 3,000 yen for trading 150,000 units or more)
IG Securities	50,000 yen	Until October 31, 2024, you will receive 5,000 yen if you make your first trade within 30 days of opening an account. Additionally, you will receive 45,000 yen for cumulative trading of 1,700 lots or more (the cashback amount varies depending on the trading volume; the minimum is 10,000 yen for 300 lots)
Money Partners "Partners FX nano"	1,000,000 yen	You must trade 120,000 lots or more within 3 months of opening your account (the cashback amount varies depending on the trading volume; the minimum is 10,000 yen for 1,000 lots)
Invast Securities "TriAuto FX"	1,000,000 yen	You must trade 120,000 lots or more within 3 months of opening your account (the cashback amount varies depending on the trading volume; the minimum is 10,000 yen for 1,000 lots)
Gaitame Online "Gaitame Online FX"	1,000,000 yen	You must trade 120,000 lots or more within 3 months of opening your account (the cashback amount varies depending on the trading volume; the minimum is 10,000 yen for 1,000 lots)
iNet Securities "Loop Ifdan"	1,000,000 yen	You must trade 120,000 lots or more within 3 months of opening your account (the cashback amount varies depending on the trading volume; the minimum is 10,000 yen for 1,000 lots)
Central Tanshi FX "FX Direct Plus"	300,000 yen	Until October 31, 2024, you will receive 10 yen for every 100,000 units of USD/JPY traded
Goldenway Japan "FXTF GX-FX"	1,000,000 yen	Until October 31, 2024, you will receive 4 yen for every 10,000 units of USD/JPY traded, and 10 yen for every 10,000 units of other currency pairs traded
Okasan Securities "Click 365"	50,000 yen	You must trade 500 lots or more between the month of account opening and the end of the following month (the cashback amount varies depending on the trading volume. The minimum is 500 yen for trading 9 lots or less)
Money Square "TraLiPi FX"	1,000,000 yen	You must complete a certain number of transactions by the end of the month following the opening of your new account (detailed conditions can be confirmed after opening your account)
Himawari Securities "Loop Ifdan Account"	－	As of October 2024, there is no cashback offer. (Previously, it was 600,000 yen depending on trading volume.)
au Kabucom Securities "au Kabucom FX"	2,000,000 yen	You must trade 10 lots or more of a currency pair by the end of the month following the month in which you opened your account (the cashback amount varies depending on the trading volume; the minimum is 500 yen for trading 50 lots or more). In addition, you can receive 1,000,000 yen if you trade 2 billion units or more of GBP/JPY, AUD/JPY, GBP/USD, or AUD/USD in one month
Rakuten Securities "Rakuten FX"	1,450,000 yen	You must trade at least 1.4 billion currency units by the end of trading on the last business day of the month following the month in which your account was opened (the cashback amount varies depending on the trading volume. The minimum is 100 yen for trading at least 300,000 currency units)
iNet Securities "iNet FX"	30,000 yen	New trades of 5 million currency units or more must be executed within 30 days of the completion of new account opening
Phillip Securities "Philip MT5"	1,000,000 yen	Details can be viewed after opening an account

If a cashback campaign only requires opening a new account, you have a very high chance of receiving the money

In the table above, "IG Securities" and "SBIFX Trade" fall into this category

However, the amount is only a few thousand yen .

I wouldn't recommend choosing an FX broker based solely on these few advantages

However, it's practically impossible to get a large cashback reward linked to trading volume

For example, in the case of Rakuten Securities' "Rakuten FX," which boasts a maximum limit of 1.45 million yen..

To receive 1.45 million yen, you must trade more than 1.4 billion currency units by the end of the month following the month in which you opened your account

Since one lot of USD/JPY is 10,000 units of currency, it would take 140,000 lots of trading to reach 1.4 billion units of currency

To achieve this by the end of the month following the month in which the account was opened (a maximum of about 90 days), you would need to either have a large amount of capital or scalp every few seconds

For the average trader, neither of these is feasible

In other words, if you consider only the cashback benefits, there's no reason to choose a domestic FX broker .

Some people choose domestic FX brokers even though they don't get cashback

Some people choose domestic FX brokers even though they have given up on the idea of ​​cashback from the start

It's someone like this:

• People looking to swap
• People who don't want to succumb to the temptation of high leverage
• People who want to cut their losses safely

In fact, there are many overseas forex brokers that do not offer swaps (free swaps)

In contrast, domestic FX brokers offer high swap rates .

If your goal is to earn swap points, domestic FX brokers are more advantageous

Regarding leverage, domestic FX brokers are regulated to a maximum of 25 times

While some people feel that it's "not enough," others deliberately prefer low leverage because they believe it's "safer."

the existence of stop-loss orders is also a significant factor in terms of safety .

Overseas forex brokers do not have stop-loss rules, and in the worst case, the balance in your account will become zero

On the other hand, domestic FX brokers have shallow stop-loss levels, making them ideal for cutting losses

While even slight market fluctuations can trigger a stop-loss order, this rule is helpful when the price moves in a way that differs from your expectations

Summary: If your goal is cashback, you should choose an overseas forex broker!

This article introduced cashback programs in FX trading

To receive the cashback, first register with the FX cashback website

I recommend Money Charger .

Next, open an account with one of the overseas forex brokers offered by Money Charger that suits your needs

My recommendations for this are Exness, axi, and FXGT

Once you've completed these preparations, all that's left is to actually start trading

Repeat the trading process and earn a substantial income through both profits and cashback

▼You can register for Money Charger via the link below

https://money-charger.com/