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 from overseas FX brokers is a different story. The conditions are significantly more lenient, making it easy for anyone to receive cashback. Therefore, this article will provide a detailed explanation of the cashback programs offered by both overseas and domestic FX brokers. After reading this, you'll know which FX broker to choose. Contents 1. Getting cashback from domestic FX brokers is almost impossible! 1.1 Cashback is possible with overseas FX brokers! 2. How to receive cashback from overseas FX brokers 3. Points to consider when choosing an FX cashback site 3.1 Reliability 3.2 Japanese language support 3.3 Deposit and withdrawal speed 3.4 Presence or absence of fees 4. Which FX cashback site is recommended? 5. Why Money Charger is recommended 5.1 High reliability 5.2 No usage fees 5.3 Low minimum withdrawal amount 5.4 No spread surcharge 6. Which overseas FX brokers partnered with Money Charger are recommended? 6.1 If you prioritize high leverage and narrow spreads, choose Exness 6.2 If you prioritize trading tools, choose axi 6.3 If you also trade cryptocurrencies, choose FXGT7 Disadvantages of FX cashback sites 7.1 You may not be eligible for campaigns or bonuses 7.2 Cashback money is subject to tax 8 Domestic FX brokers with "not recommended" cashback 8.1 Cashback is not possible, but some people still choose domestic FX brokers 9 Summary: If your goal is cashback, you should choose an overseas FX broker! It is almost impossible to get cashback from domestic FX brokers! In recent years, most domestic FX brokers have introduced some kind of cashback system. There are two main types. One is "Get XX yen cashback when you open a new trading account." The conditions are easy to meet, but it is usually only a few thousand yen cashback. As you know, a few thousand yen can be earned in one trade in FX. Considering that, it is not very attractive. The other is "Get XX yen cashback when you trade XX units within the period." This is characterized by its very high cashback amounts, such as "Up to 1 million yen cashback!" However, to meet the cashback conditions, a massive volume of trades must be made within a certain period. It is almost impossible for an average trader to make that many trades. In addition, trading costs are incurred due to spreads in every trade, and when converted into monetary terms, this amount exceeds the amount received as cashback. In the end, you are only recovering a portion of the trading costs incurred by the spread. In other words, the idea of ​​increasing the number of trades in order to receive cashback is putting the cart before the horse. Furthermore, domestic FX brokers limit the leverage to a maximum of 25 times. This prevents 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 for the purpose of cashback is not advisable. Cashback is possible with overseas FX brokers! Cashback from overseas FX brokers is a service that significantly reduces effective trading costs by returning the commission paid to the broker when trading to the trader. For example, if a 2-pip spread occurs in a USD/JPY trade, 1 pip of that spread might be returned as cashback. The great thing about this cashback system is that it continues almost indefinitely from the first trade. Especially for scalpers or those planning to trade FX for a long period, this can amount to not just 1 million yen, but several million to tens of millions of yen. ... Continue reading Getting cashback in FX is not impossible! Opening an account with an overseas FX broker is recommended