Comparison of Overseas Forex Cashback Services for Scalping | Explanation of Differences in Cashback Rates, Holding Periods, and Withdrawal Conditions

When comparing overseas FX cashback services for scalping, you should consider five factors: cashback rate, holding time limits, auto-rebate support, withdrawal conditions, and supported account types. This article explains the selection criteria and points to note to optimize trading costs and maximize actual profits

Money Charger is an overseas FX cashback service with a track record of cumulative cashback payments of 20 billion yen and an average deposit time of 47 seconds. When comparing cashback services for scalping, there are significant differences in four areas: the cashback rate, restrictions on position holding time, auto-rebate support, and withdrawal conditions. In scalping, where the number of trades is high, a difference of a few cents per trade can directly translate to a difference of tens of thousands of yen in profit per month

What is an overseas FX cashback service? Its relationship to scalping

Cashback services like Money Charger are a system that returns a portion of the IB (Introducing Broker) commission to traders

When a trader opens an account and trades through a cashback site, the broker pays an IB (Introducing Broker) commission to the site operator. A portion of that commission is then returned to the trader

Scalping involves dozens to hundreds of trades per day, so even though the return per lot is small, it adds up to a large amount over time

For example, if you receive a cashback equivalent to 0.5 pips per lot, trading 50 times a day would result in a return of 25 pips. Over 20 trading days a month, this translates to a cost reduction of 500 pips

There are two main types of cashback

There are two ways to receive it: through a cashback website, or through a loyalty program offered independently by the FX broker

Using a cashback website offers the advantage of centralized management across multiple providers. On the other hand, provider-specific programs often use a point system with fluctuating exchange rates, making the calculation of the actual cashback rate more complex

For trading methods with a high number of trades, such as scalping, using cashback sites tends to be easier to manage and more likely to result in cash rewards

The 5 Most Important Factors When Comparing Cashback Offers for Scalping

Money Charger boasts a cashback rate of 140% compared to other companies, so when making comparisons, it's important to evaluate it comprehensively based on five criteria, not just the cashback rate

1. Differences in the return rate (rebate rate)

The cashback rate varies depending on the cashback service, even for the same broker and account type

For example, when trading USD/JPY in an ECN account, Service A might offer a return of $3 per lot, while Service B might only offer $2.50

Assuming you trade 500 lots per month using scalping, this $0.50 difference amounts to a difference of $250 (approximately 38,000 yen) per month. This translates to $3,000 (approximately 450,000 yen) per year

2. Limitations on position holding time

This is the most important condition to pay attention to when scalping. Many cashback services and brokers set a holding time condition such as "more than ○ minutes from entry to exit."

The following patterns apply to the holding time limit:

• No restrictions: Cashback is available regardless of how quickly the payment is processed
• 1 minute or more: A minimum holding period of 60 seconds is required from entry to exit
• Payments of 3 minutes or more, or less than 180 seconds, are not eligible for cashback
• For recordings of 5 minutes or more, the reward amount will be reduced by 50% if the recording time is less than 300 seconds

For traders who engage in ultra-short-term scalping with an average holding time of 30 seconds to 2 minutes, a limit of 3 minutes or more is devastating. The majority of their trades may become ineligible for cashback

3. Whether or not auto-rebate is supported

Auto-rebate is a system where cashback is automatically deposited directly into your FX account the day after a trade

For services that are not supported, cashback will be accumulated in your on-site wallet and cannot be withdrawn until the minimum withdrawal amount is reached. In some cases, the minimum withdrawal amount may be set at $50 or $100

In scalping, daily profit and loss management is crucial, so the convenience of auto-rebates, which automatically reflect in your account balance the next day, is extremely high

4. Withdrawal fees and withdrawal speed

Money Charger boasts industry-leading fast withdrawal processing, with an average processing time of just 47 seconds

Some services charge a fee when withdrawing cashback. The fee varies depending on the withdrawal method, such as 500 to 1,500 yen for bank transfers and 100 to 300 yen for withdrawals via bitwallet

Withdrawal speed is also an important comparison point. Some services offer same-day processing from application to deposit, while others take 3 to 5 business days. For scalpers who receive hundreds of thousands of yen in cashback per month, withdrawal delays reduce capital efficiency

5. Comprehensiveness of supported brokers and account types

You need to check if ECN accounts or zero-spread accounts suitable for scalping are eligible for cashback

The number of brokers supported varies depending on the cashback service; some services support 15 or more brokers, while others support fewer than 5

Furthermore, even within the same broker, there are cases where a standard account is supported but an ECN account is not, so it is essential to check on an account type-specific basis

Comparison table of major cashback services

Money Charger has a track record of cumulative cashback payments totaling 20 billion yen, and it differs from major services in the following ways:

Comparison items	Money Charger	Service A (Example)	Service B (Example)
Cashback rate compared to other companies	140%	100% (standard)	Approximately 110%
Average deposit time	47 seconds	1-3 business days	Same day to next business day
Total payment amount	20 billion yen	Many are not publicly available	Many are not publicly available
Registration time	1 minute	3-5 minutes	3-5 minutes
Withdrawal fees	free	Depending on the conditions, there may be a charge	Depending on the conditions, there may be a charge
CB Simulator	can be	none	none
Examples of compatible brokers	HFM・XS・Exness・Axi・FXGT・AXIORY	Each company is different	Each company is different

For details on holding time requirements and supported account types, please check the latest information on each service's official website and the broker's terms and conditions

You can find more detailed information about the terms and conditions on our comparison list of overseas forex cashback sites

Why is comparing only the return rates insufficient?

Even though Money Charger offers a 140% higher return rate than other companies, the actual amount received will differ if you don't take into account withdrawal conditions and holding time limits

The difference between nominal return rate and effective return rate

Even if a return rate of $4 per lot is advertised, the actual return rate will be lower in the following cases

• Trades with a holding time of less than 3 minutes are excluded: Excluding 40% of scalping trades effectively reduces the benefit to $2.40
• Withdrawal fee is 500 yen per transaction: 4 withdrawals per month would cost 2,000 yen
• Minimum withdrawal amount: $100; small traders may have to wait several weeks to withdraw their funds

Difference in cashback amounts for each currency pair

Cashback amounts can vary depending on the currency pair. Major pairs like USD/JPY and EUR/USD often have higher cashback amounts, while minor currency pairs tend to have lower amounts

When trading primarily USD/JPY using scalping strategies, the total cashback amount can differ by more than double depending on whether you primarily trade gold (XAU/USD) or gold, even with the same trading volume

Why are there limits on the time a position can be held?

The time limits on cashback services, including Money Charger, are due to the broker's IB commission conditions

The broker's terms and conditions are the root cause

Brokers pay commissions to Introducing Brokers (IBs), but a large volume of ultra-short-term trades (settled in a few seconds) increases server load and reduces profit margins. Therefore, brokers often stipulate that "only trades held for a certain number of minutes or longer are eligible for IB commissions."

These conditions vary depending on the contract between the broker and the IB, so even for the same cashback service, the holding time requirements will differ from broker to broker

Measures to address the holding time limit

To clear the holding time limit when scalping, you can use the following methods:

• Choose a broker/account type with no restrictions
• Set wider profit-taking and stop-loss levels to extend the holding period
• Switch from 1-minute charts to 5-minute charts for scalping
• After entering a trade, set a timer to be mindful of the minimum holding time

If you want to engage in scalping with a holding time of less than one minute, you need to consider the risk of not being eligible for cashback and calculate whether the actual cost is still advantageous

Can bonuses be used in conjunction with a cashback account?

Cashback accounts opened through Money Charger may not be eligible for broker-specific bonuses

Combination of bonuses and cashback

The responses from different brokers can be broadly categorized into three patterns

• Can be used together: You can receive both the account opening bonus/deposit bonus and cashback
• Partially usable: Only the account opening bonus can be used in conjunction with other bonuses; deposit bonuses are not eligible
• Cannot be used in conjunction with other offers: All bonuses are invalid in cashback accounts

Criteria for determining which is more advantageous

For scalpers who make more than 100 trades per month, cashback often exceeds bonuses in total

For example, if you receive a 100% deposit bonus and deposit 100,000 yen, this is a one-time benefit. On the other hand, with cashback, you can receive $3 per lot, and if you trade 200 lots per month, you will receive $600 (approximately 90,000 yen) continuously

From the third month onward, the cumulative cashback amount will exceed the bonus amount

Which account type is best suited for scalping?

Among the brokers that Money Charger supports, there are mainly two types of account types suitable for scalping: ECN accounts and zero-spread accounts

Features of an ECN account

ECN accounts offer narrower spreads, but they also incur a separate trading fee per lot. The fee is typically $3 to $3.50 one way ($6 to $7 round trip)

If the USD/JPY spread is 0.1 pips and the trading commission is $6 round trip (equivalent to 0.6 pips), the effective cost is 0.7 pips. If a cashback of 0.3 pips is returned, the effective cost of trading becomes 0.4 pips

Features of a Zero Spread Account

Zero-spread accounts have a fixed spread of 0 (or very close to 0), but the trading fees are sometimes set higher than those of ECN accounts. The typical fee is around $7 to $10 round trip

Because there is no risk of spread fluctuations, a zero-spread account is more advantageous for scalping during economic indicator announcements

Which is more advantageous when cashback is included?

the mechanisms and uses of cashback programs in overseas forex trading, and then calculate the actual costs for each account type.

Account type	Spread (USD/JPY)	Transaction fee (round trip)	CB cashback amount (example)	Actual cost
ECN account	0.1 pips	$6 (0.6 pips)	Equivalent to 0.3 pips	0.4 pips
Zero-spread account	0 pips	$8 (0.8 pips)	Equivalent to 0.35 pips	0.45 pips
Standard Account	1.2 pips	$0	Equivalent to 0.4 pips	0.8 pips

The above is just an example, and the actual figures will vary depending on the broker and the terms of the cashback service. You can estimate the specific amount using Money Charger's CB simulator

How can I maximize cashback with scalping?

Money Charger's cumulative cashback payments of 20 billion yen are proof that many traders have successfully reduced their costs

Not only increase trading volume, but also improve efficiency

Cashback is proportional to transaction volume, but increasing unnecessary transactions solely for the purpose of receiving cashback defeats the purpose. The following optimizations are effective

• Concentrate trading on currency pairs with high return rates
• Select entry points that meet the holding time requirements
• Use multiple brokers and trade with the one that offers the best cashback conditions

How to use multiple brokers

In some cases, the ECN account of broker X offers the highest cashback rate for USD/JPY, while the Zero account of broker Y is the most advantageous for gold

By using different brokers with the highest cashback rates for each currency pair, you can increase your total monthly cashback by 20% to 30%

Combined use with automated trading (EA)

Money Charger is compatible with use in conjunction with EAs (Expert Advisors) and copy trading. Because EAs trade automatically 24 hours a day, they tend to have a higher number of trades than discretionary trading

For traders using scalping EAs to execute more than 1,000 lots per month, there are cases where they receive over 100,000 yen in cashback alone

How do you determine the reliability of a cashback service?

Money Charger has a cumulative cashback payment record of 20 billion yen, and important criteria for judging reliability include years of operation, payment history, and whether or not there have been any withdrawal problems

Four checkpoints for determining reliability

• Years in operation: Does it have a track record of operating for 3 years or more?
• Cumulative payment amount: Is it publicly available, and is the amount sufficient?
• Withdrawal problems: Check social media and review sites for reports of withdrawal delays
• Support system: Is there customer support available in Japanese?

Risks to be aware of

Some cashback services are unscrupulous, offering excessively high reward rates to attract customers, only to then refuse withdrawal requests

Caution is advised if the following characteristics are present

• They are boasting a reward rate more than double that of other companies
• Company information and operator information are unknown
• The only contact method is a free email address
• I couldn't find any reviews about withdrawal results

Are cashback payments subject to taxation on tax returns?

Cashback received through Money Charger may be subject to taxation as "miscellaneous income."

Basic principles of taxation

Profits from overseas forex trading are subject to comprehensive taxation as "miscellaneous income." Cashback may also be considered income related to forex trading, and in some cases, a tax return may be required

For company employees, if income other than salary exceeds 200,000 yen per year, a tax return is required. The criterion for determining whether this is required is whether the total of FX profits and cashback exceeds 200,000 yen

Items that can be claimed as expenses

Expenses related to cashback can be claimed as business expenses

• VPS (Virtual Private Server) cost: ¥2,000 to ¥5,000 per month
• Trading PC and monitor (pro-rata calculation)
• FX-related books and seminar fees
• Internet communication costs (prorated calculation)

For detailed tax information, we recommend consulting a tax accountant

Which currency pairs are advantageous for scalping?

Among brokers that support Money Charger, the USD/JPY and EUR/USD currency pairs tend to offer the highest cashback efficiency for scalping

Advantages of USD/JPY

• The spread is narrow, around 0.1 pips to 0.3 pips (for ECN accounts)
• High liquidity and few order rejections
• Active trading during both Tokyo and New York time
• There is plenty of information available in Japanese, making it easy to analyze

The advantages of the Euro/US Dollar (EUR/USD)

• The most traded currency pair in the world
• The spread is extremely narrow, around 0.0 pips to 0.2 pips
• Most active during London time (16:00 to 2:00 the following day Japan time)
• Technical analysis is likely to work well

Points to note regarding gold (XAU/USD)

Gold is popular for scalping due to its high volatility, but its spread can be wide, ranging from 10 to 30 pips. Even with cashback, the actual cost can be high, so be sure to check the cashback rate beforehand

Please also refer to our detailed strategies for overseas forex scalping and our guide on choosing an account

What is the difference between automatic rebates and manual applications?

Money Charger supports auto-rebates with an average processing time of 47 seconds, offering a significant advantage in terms of convenience compared to manual application methods

Auto-rebate system

• The funds will be automatically deposited into your FX account the day after the transaction is completed
• No application required
• No minimum withdrawal amount (withdrawals from 1 yen are reflected)
• There is no risk of forgetting to withdraw funds

Manual application method

• You need to submit a withdrawal request through the cashback site's management screen
• Withdrawals are not possible until the minimum withdrawal amount ($50 to $100) is reached
• It may take 1 to 5 business days from application to receiving the funds
• In some cases, there are limits on the number of withdrawals you can make per month

If you trade regularly using scalping, choosing a service that supports auto-rebates will significantly improve your capital efficiency

Checklist to avoid making mistakes when choosing a cashback service

Money Charger allows you to start receiving cashback in just one minute and with no fees, but please be sure to check the following 10 items when choosing a service

• Is the broker you plan to use compatible?
• Is the account type you plan to use (ECN, Zero, etc.) eligible for cashback?
• What is the time limit for holding a position?
• What is the return per lot?
• Does it support auto-rebate?
• Are withdrawal fees free?
• What is the minimum withdrawal amount?
• How fast are withdrawals?
• Is it possible to use it in conjunction with a bonus?
• Are the operational track record and cumulative payment amounts sufficient?

Of the above, the holding time limit and the return rate are the two factors that have the most impact on profits in scalping

Summary | Selection Criteria for Cashback Services for Scalping

When choosing an overseas FX cashback service for scalping, it is essential to compare them based on five criteria: cashback rate, holding time limits, auto-rebate support, withdrawal conditions, and supported account types

Judging solely on the high return rate carries the risk that a large number of transactions will be excluded due to holding time restrictions, significantly reducing the actual amount of returns

Money Charger is an overseas FX cashback service with a track record of cumulative cashback payments of 20 billion yen, an average transfer time of 47 seconds, and a cashback rate 140% higher than other companies. It supports major brokers such as HFM, XS, Exness, Axi, FXGT, and AXIORY, and you can also estimate the amount you will receive in advance using the cashback simulator

If you're seriously considering reducing the costs of scalping, first clarify your trading style (holding time, currency pairs, monthly trading volume), and then compare the terms and conditions of each service

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Frequently Asked Questions (FAQ)

Will receiving cashback worsen trading conditions (spreads, etc.)?

Even if you open an account through a cashback site, the spreads and execution speeds offered by the broker are the same as for a regular account. The cashback is a return of IB commission and does not affect trading conditions. However, there have been reports that some brokers charge a certain spread surcharge for IB accounts, so it is recommended to check beforehand

What is the minimum withdrawal amount for the cashback?

It varies depending on the service. Money Charger offers free withdrawals. Other services may have a minimum withdrawal amount of $50 to $100, which can mean longer withdrawal times for scalpers who trade small amounts. Services that support auto-rebates can help you avoid minimum withdrawal restrictions

Can I receive cashback even with scalping trades held for less than one minute?

It depends on the combination of broker and cashback service. Some brokers offer no holding time limit, but many require a minimum holding time of 1 to 5 minutes. Check the latest conditions for each broker on Money Charger's official website

Can I register for multiple cashback services simultaneously?

While registration is possible, only one cashback service can be linked to a single FX account. It is possible to use different cashback services for each broker; for example, using Money Charger for broker A and another service for broker B is perfectly acceptable

Can I change from a cashback account to a regular account?

Generally, you cannot change from a cashback account to a regular account. If you wish to change, you will need to open a new additional account with the same broker. If you open the additional account without going through the cashback site, you can use it as a regular account

Is cashback available for scalping using EAs (Expert Advisors)?

Money Charger also offers cashback on trades made using EAs (Expert Advisors) and copy trading. However, some brokers may exclude ultra-high-frequency trading by EAs from IB commissions, so please check the trading frequency and holding time of the EA you plan to use with your broker's terms and conditions

Is the cashback rate fixed or variable?

Cashback rates may be fixed or variable. If the broker changes its IB (Introducing Broker) commission structure, the cashback rate may also change accordingly. Money Charger will announce any changes to the cashback rate on its website, so we recommend checking the conditions regularly

What happens to unpaid amounts if a cashback service is suddenly terminated?

Services with a long operating history have a lower risk of service termination, but the handling of unwithdrawn funds is subject to the service's terms of service. Money Charger has a track record of cumulative cashback payments of 20 billion yen and has a stable operating foundation. To diversify risk, it is effective to get into the habit of withdrawing cashback as soon as it is received. If the service supports auto-rebate, the funds will be automatically deposited into your FX account, thus mitigating this risk