Many people probably have questions like the ones above. RoyalCashBack is one of the cashback services you should definitely use when trading in overseas forex. If you don't know about it, you might lose millions of yen. Therefore, this article will explain the following. After reading this article, you will have a nearly complete understanding of RoyalCashBack. Please use it as a reference. Contents 1 What kind of site is RoyalCashBack? Advantages & Disadvantages 1.1 Royal CashBack = A cashback site where you get money back based on your trading 1.2 List of advantages of using Royal CashBack 1.3 There are also disadvantages, so be careful 1.4 How cashback is provided and the conditions 2 Positive and negative reviews from users 2.1 The withdrawal speed is fast and helpful 2.2 I was able to end up with a profit thanks to Royal CashBack 2.3 The cashback amount is also well-received 3 Steps from registering with Royal CashBack to withdrawing 3.1 1. Register as a user on the Royal CashBack official website 3.2 2. Open an overseas FX account (using XM as an example) 3.3 3. Verify your FX account 3.4 4. Trade and generate cashback 4 Frequently asked questions about Royal CashBack 4.1 Do I need to file a tax return for the cashback income? 4.2 Why isn't the cashback reflected? 4.3 How much can I save by continuing to use Royal CashBack? 4.4 What are some other recommended Royal CashBack sites? 5 Summary What kind of site is RoyalCashBack? Advantages & Disadvantages First, let's explain what kind of service RoyalCashBack is. After that, let's look at the advantages and disadvantages. RoyalCashBack = A cashback site where you get money back based on your trading activity RoyalCashBack is, as the name suggests, a cashback site. You get money back based on the amount of trading you do with affiliated overseas FX brokers. This system is also called a rebate. Rebates can help reduce the costs of trading, or you can trade aggressively with the cashback as your backing. List of advantages of using RoyalCashBack One of the advantages of RoyalCashBack is that the cashback amount is relatively high. It depends on which overseas FX broker you use, but if there are 10 sites, it is probably the second or third highest amount. Furthermore, the fact that there are no fees is also attractive. 100% of the cashback is yours to keep. In addition to regular cashback, there are also bonuses and unique support, which are attractive features. Disadvantages to be aware of On the other hand, be aware of the following disadvantages. First, be aware that you may not be able to apply the official bonuses of the overseas FX broker. Some brokers state that they will only apply either the cashback site or the official bonus, not both. If the bonus exceeds the return you can get from Royal Cashback, you will lose money. You need to compare them beforehand. Also note that the reflection of the funds may be somewhat slow. Cashback based on the current month's transactions is paid on the 20th of the following month. There is also a minimum payment amount of 5,000 yen. If you fall below this amount, you cannot withdraw the funds. In other words, you are effectively obligated to continue trading for a certain period of time. Be aware that you may suffer inconvenience or losses due to the above disadvantages. Note that Royal Cashback has received a warning from the Financial Services Agency. Royal Cashback has received a warning from the Financial Services Agency because it is "conducting financial instruments trading business without registration." This means that Royal Cashback may be in violation of Article 197-2 of the Financial Instruments and Exchange Act. In the worst case, the operators may be sentenced to imprisonment of up to 5 years. In other words, be aware that Royal Cashback may suddenly become unavailable. However, there are no particular laws or precedents indicating that users can be punished. Also, the company name and address are not publicly known. While RoyalCashBack hasn't publicly caused any major problems, it's important to note that it's surprisingly shrouded in mystery. The Mechanism and Conditions for Cashback Some people might wonder, "Why do I get cashback?" This becomes clearer when you look at it from the perspective of the overseas FX broker, the cashback site, and yourself. Overseas FX brokers request cashback sites to attract customers. In this process, the site receives a referral fee. The cashback site then attracts users, paying a portion of the referral fee as a rebate to attract more users. RoyalCashBack is one such cashback site. Cashback payment conditions vary from site to site. RoyalCashBack pays cashback if your balance is 5,000 yen or more. There are no fees. Positive and Negative User Reviews RoyalCashBack has a generally positive reputation. Many users particularly praise the following points. We'll explain the specifics for your reference. … Continue reading What is RoyalCashBack? Explanation of its reputation, advantages, and disadvantages