What is RoyalCashBack? We explain its reputation, advantages, and disadvantages

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…

Is hedging a surefire way to win in overseas forex trading? A thorough explanation of the mechanism, prohibited practices, and more!

"Is hedging really profitable?" "Is it okay to do it with overseas forex?" "Is it true that my account will be frozen if I get caught?" For those of you with such anxieties and questions, this article will explain the mechanism, risks, and uses of hedging in overseas forex in an easy-to-understand way for beginners. ■What you will learn from reading this article You will find out if hedging is really profitable and if it is a method that even beginners can use You will understand cases in which hedging is prohibited in overseas forex and how to avoid the risk of getting caught You will be able to compare overseas forex brokers that actually allow hedging and their respective rules You will learn the advantages and disadvantages and the correct strategy, and develop the judgment to use it safely By reading this article, you will not only learn how to hedge, but you will also naturally develop the judgment criteria to aim for profits without making mistakes. Please read to the end and incorporate hedging into your overseas forex strategy. If you are a beginner in overseas forex, we recommend that you read the Complete Guide to Overseas Forex for Beginners. What is hedging in overseas forex? Is it really a surefire way to win? Hedging is one of the methods in forex trading that is met with mixed reactions. It is sometimes called a "surefire way to win," but is that really the case? Hedging has its own unique mechanisms, and if used incorrectly, it can actually increase the risk of losses. On the other hand, if used skillfully, it can be used for risk hedging and to broaden the range of strategies. In this section, we will explain in detail the basic mechanism of hedging, why it is permitted in overseas forex trading, and why it is called a surefire winning method. What is the basic mechanism of hedging? Hedging is a method of simultaneously holding both "buy" and "sell" positions in the same currency pair. For example, by "buying" 1 lot of USD/JPY and simultaneously holding 1 lot "sell," profits and losses will almost cancel each other out regardless of which direction the market moves. In this state, neither profits nor losses move, and "unrealized profits" and "unrealized losses" exist in parallel, so to speak, in a fixed state. It is mainly used as a temporary hold on a position or as a countermeasure when you are unsure of the direction of trading. However, since costs such as spreads and swaps continue to be incurred daily, it is also the case that holding it for a long period of time tends to be disadvantageous. The key to hedging is knowing when to use it. It is assumed that you will operate with a clear understanding of the market and your objectives. Why is hedging possible in overseas forex trading? In Japan, forex brokers often have restrictions on hedging due to regulations from the Financial Services Agency, whereas many overseas forex brokers allow hedging. This difference mainly stems from leverage regulations and the concept of trading flexibility. Japanese forex brokers strictly restrict margin maintenance ratios and position management from the perspective of protecting customers, following the guidance of the Financial Services Agency. In contrast, overseas forex brokers offer a more flexible trading environment and are characterized by allowing users to employ a wide range of strategies. Furthermore, the fact that hedging is permitted allows for flexible trading designs, such as swing trading and hedging strategies during economic indicator announcements. Many overseas forex brokers also have a zero-cut system, and combining this with other systems makes risk management easier. In short, the permission for hedging is one policy to create a "highly flexible trading environment," and whether or not it can be utilized depends on the trader's strategy. Why is hedging called a "surefire winning strategy"? The reason why hedging is called a "surefire winning strategy" is that it has a structure in which losses are not immediately realized regardless of which way the market moves. Holding both buy and sell positions simultaneously allows you to offset positions against sudden price movements and cover unrealized losses. In particular, it functions as a "defense measure to avoid losses" when economic indicators are released or when the market direction is difficult to predict, and is recognized as a "safe method" even by beginners. Furthermore, if used well, it is possible to strategically trade by closing only the profitable positions when the market moves in one direction and waiting for a rebound by observing the rest. In fact, many traders use it in combination with averaging down or swing trading. However, it is important to understand that it does have aspects such as increased costs and complex decision-making, and is not necessarily a "guaranteed winning method." Hedging is just one strategy, and whether or not you can use it effectively depends on the trader's skill. Advantages of hedging in overseas FX When used correctly, hedging can be very useful for risk avoidance and strategic money management. Overseas FX, in particular, has a trading environment that differs from domestic FX, such as high leverage and zero-cut systems, making it well-suited for hedging. This section will introduce four specific advantages of hedging in overseas forex trading, explaining when it can be effective. It can be used to mitigate risk during rapid fluctuations and range-bound markets. In forex trading, sudden market changes are frequent. Especially when economic indicators are released or key figures make unexpected large movements, the risk of loss increases rapidly if only one position is held. This is where hedging comes in handy. By holding both buy and sell positions simultaneously, unrealized gains and losses offset each other regardless of the market movement, thus mitigating overall asset fluctuations. Hedging, especially at times when predictions are difficult, functions as "insurance" to maintain calm judgment. Furthermore, in range-bound markets where a clear trend is not evident, hedging can be applied by closing one position while holding the other. The ability to easily react to range breakouts is also a major advantage. However, it should be used as a "temporary defensive measure" rather than complete risk avoidance. It pairs well with swing trading and averaging down strategies. Hedging is a technique that pairs very well with swing trading and averaging down strategies. Swing trading aims to capture price movements spanning several days to several weeks, but the market often moves against you immediately after entry. Using hedging can temporarily mitigate the risk of loss. Furthermore, when combined with averaging down, instead of simply increasing positions in one direction, you can intentionally add opposing positions to prepare for market reversals. This makes it easier to implement strategic responses such as fixing unrealized losses and stabilizing the margin maintenance ratio. For example, by placing a sell order at a certain level against a buy position during a decline, you can limit losses even if the market falls further, while aiming to profit when it rebounds. However, because the strategy becomes complex, mismanaging positions or timing can be counterproductive. It must be operated with careful planning. Increased flexibility in settlement By utilizing hedging, traders can have more flexibility in the timing of closing positions. With a normal single position (buy or sell only), stop-loss and profit-taking decisions tend to be strict, but with hedging, it is possible to close one position and continue holding the other. For example, after closing a buy position that has made a profit due to a sharp rise in the market, you can simultaneously hold a sell position to aim for a market reversal. This ability to adjust one side at a time to gradually take profits or avoid losses is a major advantage of hedging. It is also important to note that it allows you to respond calmly even when the market is volatile. It is effective in reducing the risk of closing all positions at once due to emotions and in allowing for planned money management. However, it requires judgment and management skills, so it is important to note that the high degree of freedom can sometimes lead to confusion. Hedging makes it easy to adjust profits and losses and deal with unrealized losses Hedging has the characteristic of making it easy to control the balance of profits and losses, and is especially useful for dealing with unrealized losses. Even if the market moves in the opposite direction to what you expected, you can temporarily fix the unrealized loss by adding an opposing position and avoid a forced stop-loss. For example, if you put in a sell when your buy position is showing an unrealized loss, you can equalize the overall unrealized profit and loss. This makes it easier to maintain a margin maintenance ratio above a certain level and prevents a rapid decrease in funds. Furthermore, strategic profit and loss adjustments are possible, such as minimizing losses by closing one position when the market recovers, while securing profits from the other position

List of expenses that can be deducted in overseas forex trading | Explanation of what percentage of rent and mobile phone bills should be claimed as expenses

Even if you understand that "claiming expenses" is an important tax-saving measure for overseas forex trading, you may not know which expenses are deductible or what percentage can be claimed. This article introduces what expenses are deductible in overseas forex trading and the percentages that can be claimed. Understanding the knowledge of expenses can lead to significant tax savings. If you are unsure which expenses are deductible, please refer to this article. For information on overseas forex taxes, please read the Complete Guide to Overseas Forex Taxes. Overseas Forex Tax Rules If you make a profit of a certain amount or more in overseas forex trading, you must file a tax return. Also, the tax system differs significantly from domestic forex, such as the inability to carry forward losses. Below, we will explain the rules regarding overseas forex taxes in detail. Overseas Forex Taxes are Comprehensive Taxation Overseas Forex Losses Cannot Be Carried For. Profit and Loss Cannot Be Offset with Domestic Forex Taxes Overseas Forex Taxes are Comprehensive Taxation The method of taxing profits from forex differs between overseas forex and domestic forex. Overseas forex is "comprehensive taxation," while domestic forex is subject to separate taxation. Comprehensive taxation calculates the income tax amount by adding up various income amounts. On the other hand, separate taxation is a tax system in which income tax is calculated separately from other income. Furthermore, while the tax rate for domestic FX is a flat 20.315% including the special reconstruction income tax, overseas FX employs a progressive tax system where the tax rate increases as the income amount increases. The highest tax rate for overseas FX is as high as 45%, and the tax rate increases according to the income amount, so a major difference is that domestic FX is tax-advantaged. Taxable Income Tax Rate Deduction Amount From 1,000 yen to 1,949,000 yen: 5% 0 yen From 1,950,000 yen to 3,299,000 yen: 10% 97,500 yen From 3,300,000 yen to 6,949,000 yen: 20% 427,500 yen From 6,950,000 yen to 8,999,000 yen: 23% 636,000 yen From 9,000,000 yen to 17,999,000 yen: 33% 1,536,000 yen From 18,000,000 yen to 39,999,000 yen: 40% 2,796,000 yen Above 40,000,000 yen: 45% 4,796,000 yen Source: National Tax Agency | Income Tax Rates The break-even point for overseas FX and domestic FX is approximately 3.3 million yen, but depending on the amount of expenses claimed, overseas FX may result in lower taxes even if the profit exceeds 3.3 million yen. https://money-charger.com/information/overseas-fx-tax/ Losses cannot be carried forward with overseas FX. While losses can be carried forward with domestic FX, they cannot with overseas FX. Loss carry-forward: A system that allows you to carry forward losses from the current year to the following year and offset them against profits. Even if you make a large profit in the following year, you can expect tax savings by offsetting it against losses from the previous year. As a point of caution, if you incur a large loss after the year ends and are unable to pay taxes, it will be considered tax evasion and you will be subject to heavy penalties. Therefore, if you end the year with a profit and need to file a tax return, it is recommended that you withdraw the amount of tax to be paid in advance. https://money-charger.com/information/overseas-fx-loss-tax-return/ Cannot offset profits and losses with domestic FX. Overseas FX is subject to comprehensive taxation, while domestic FX is subject to separate taxation. Because the income categories are different, profits and losses cannot be offset. Therefore, even if you make a profit of 1 million yen from overseas FX and a loss of 500,000 yen from domestic FX, you will need to pay tax on the 1 million yen. Profit and loss offsetting: A system that offsets profits and losses incurred in the same year. Overseas FX Domestic FX Tax category Comprehensive taxation Separate taxation Tax rate 5% to 45% 20.3 15% Loss carryforward Not possible Possible Profit and loss offsetting Possible Possible However, profits and losses that fall under the same miscellaneous income can be combined and declared. Examples include profits and losses from other overseas FX brokers, cryptocurrency FX, and affiliate income. When using both overseas FX and domestic FX, be sure to understand the differences in tax rates and tax categories. Points to know about overseas FX expenses Below are four points to know about overseas FX expenses. Make sure you understand the details thoroughly so you can correctly claim expenses when filing your tax return. If you make a profit from overseas forex trading, claiming expenses will result in greater tax savings. Whether or not to claim expenses is at your own discretion. Only transaction-related expenses can be deducted. Expenses cannot be carried over to the following year. If you make a profit from overseas forex trading, claiming expenses will result in greater tax savings. When you make a profit from overseas forex trading above a certain amount, taxes will be incurred, but claiming expenses when filing your tax return will result in greater tax savings. This is because while the tax rate for domestic forex is a flat 20.315%, overseas forex uses a "progressive tax" system where the tax rate increases as the profit increases. If there are few expense items, the amount of tax savings will be small, but the more expenses you claim, the more you can reduce your taxes. The items that are recognized as expenses are not publicly disclosed, but you can expect tax savings by claiming all the expenses introduced in the following section. https://money-charger.com/information/overseas-fx-tax-saving/ Whether to claim expenses is at your own discretion Many people understand that "transaction fees" and "indicator fees" related to FX trading can be claimed as necessary expenses, but it is also possible to claim a portion of electricity bills and rent as expenses. However, whether all expenses are accepted is at the discretion of the tax office, and which expense items are accepted is not publicly disclosed. Therefore, it is up to you to decide which expenses to claim and to what extent. If you have any questions about expenses, it would be best to consult with a tax professional. Only transaction-related expenses can be claimed as expenses In overseas FX tax returns, only transaction-related expenses can be claimed as expenses. For example, the following expenses are often accepted by the tax office: Transaction fees Indicator fees Books related to FX However, transportation costs, book costs, food costs, etc. that are not related to FX are not accepted as expenses. Even if you claim expenses unrelated to FX thinking "it won't be found out", tax investigators look closely at items as well as amounts, so you will definitely find out. Taking drastic measures to commit tax evasion can result in heavy penalties, so it's important to implement tax-saving strategies in accordance with the law. Expenses cannot be carried over to the following year. You cannot carry over expenses to the next year to save on taxes simply because "profits were low this year." For example, the cost of FX-related books purchased in 2025 must be recorded as an expense for the current year. As an exception, expenses exceeding 100,000 yen must be depreciated and spread over several years. Here are some expenses that can be fully deducted when trading overseas forex: Transaction fees, PC/smartphone purchase costs, consumables, overseas forex-related books, forex seminar participation fees, transportation, and accommodation expenses, VPS contract fees for automated trading, EA/indicator purchase costs, and fees for hiring a tax accountant…

Money Charger Registration Instructions [Easy with Smartphone Image Guide!]

This guide explains how to register for Money Charger, with screenshots from your smartphone. Registering for Money Charger is easy and takes just one step. Step 1: Create a Money Charger account. *Registration is only required if you are using Money Charger for the first time. If you have already registered for Money Charger, please proceed to the "FX Account Registration" step. Step 1: Create a Money Charger account ① Go to the Money Charger account creation page from the link below. https://portal.money-charger.com/register ② Enter your registration details and tap "Register". Name (English): Enter your name in Roman letters Email address: Enter the email address you wish to register Password: Enter a password that includes uppercase letters, lowercase letters, and numbers, and is at least 8 characters long Confirm password: Re-enter the same password as "Password". This completes the Money Charger registration process. In conclusion, this is a guide with screenshots from your smartphone on how to register for Money Charger. Next, please open an FX account to register with Money Charger and then proceed to the "FX Account Registration" step. https://money-charger.com/information/monecha_registration/