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…

Summary of Overseas Forex Deposit and Withdrawal Methods | Recommended Banks and Explanations of Low-Fees and Fast Procedures

When starting overseas forex trading, many people stumble upon the choice of deposit and withdrawal methods. Many people have questions such as, "Which method is the fastest?", "Which method is free of charge?", and "Which method is recommended?". This article introduces all the major deposit and withdrawal methods available for overseas forex trading. We provide detailed explanations of fees, processing times, and supported brokers for each method, so even those already trading can use this information to save costs and time. List of Deposit and Withdrawal Methods Available for Overseas Forex Trading The following six methods are the most common deposit and withdrawal methods used in overseas forex trading: Domestic Bank Transfer Bitwallet STICPAY Credit Card Cryptocurrency International Bank Transfer By supporting multiple deposit and withdrawal methods, overseas forex brokers can facilitate convenient fund transfers tailored to the remittance circumstances and purposes of traders in various countries. Domestic Bank Transfer Domestic bank transfer is an overseas forex deposit and withdrawal method that can be used in the same way as everyday bank transfers. Although overseas forex brokers are located outside of Japan, the system allows you to transfer funds to a bank account designated by a "remittance agent partnered with the overseas forex broker," and the same amount will be reflected in your overseas forex account. Compared to other deposit and withdrawal methods for overseas forex, this method is simple and easy to use, even for beginners. Overseas forex brokers that support domestic bank transfers | Fees and processing time The following overseas forex brokers support deposits and withdrawals via domestic bank transfers. Overseas FX brokers that accept deposits via domestic bank transfer Overseas FX broker deposit fees and processing times Axi Free ~ 7 business days AXIORY Free ~ 30 minutes Exness Free ~ 20 minutes FXGT Free ~ 20 minutes FxPro Free 3 ~ 5 business days HFM Free ~ 1 hour IS6FX Free ~ 15 minutes JadeFOREX Free 1 ~ 3 business days MONAXA Free ~ 1 business day MYFXMarkets Free ~ 1 business day StarTrader Free 30 minutes ~ 1 hour ThreeTrader Free ~ 20 minutes TitanFX Free ~ 1 business day Vantage Trading Free ~ 2 business days XMTrading 1,500 yen *Free for deposits of 10,000 yen or more ~ ​​1 hour XS.com Free ~ 1 hour BigBoss 1,000 yen *Free for deposits of 50,000 yen or more ~ ​​1 business day MiltonMarkets Free ~ 1 business day Deposit fees and processing times via domestic bank transfer Overseas FX brokers that accept withdrawals via domestic bank transfer Overseas FX broker withdrawal fees and processing times Axi Free 1 ~ 3 business days AXIORY 1,000 yen *Free for deposits of 20,000 yen or more ~ ​​1 business day Exness Free 1-3 business days FXGT Free ~ 5 business days FxPro Free 1-5 business days HFM Free 1-3 business days IS6FX Free 1-3 business days JadeFOREX Free 2-5 business days MONAXA Free Instant MYFXMarkets 2,000 yen 1-3 business days StarTrader Free ~ 1 business day ThreeTrader Free 1-3 business days TitanFX Free 2-3 business days Vantage Trading Free 3-5 business days XMTrading 2,500 yen *Free for withdrawals of 400,000 yen or more 2-5 business days XS.com Free ~ 1 business day BigBoss 2,000 yen 2-5 business days MiltonMarkets Free 3-5 business days Withdrawal fees and processing time via domestic bank transfer Most overseas FX brokers popular with Japanese traders support deposits and withdrawals via domestic bank transfer. In most cases, deposits and withdrawals via domestic bank transfer from overseas FX brokers are free of charge. In addition, some brokers offer withdrawal processing in as little as 1 business day. Bitwallet is a popular online wallet among overseas forex traders. When depositing funds into an overseas forex broker, you will need a Bitwallet account and funds in your account balance. Since transfers between Bitwallet accounts are reflected instantly, it is convenient for moving funds between overseas forex brokers via Bitwallet. Deposits and withdrawals between overseas forex brokers and Bitwallet are generally free of charge. However, Bitwallet itself may charge separate deposit and withdrawal fees. Bitwallet Deposit and Withdrawal Fees and Estimated Receipt Dates Item Deposit Fee Withdrawal Fee Receipt Fee Credit Card Varies by card brand 8% to 8.5% of the deposit amount - Deposit: Instant Withdrawal: Other withdrawal methods Domestic Bank Transfer Free 389 yen to 777 yen Deposit: Instant to 1 business day Withdrawal: Same day to 3 business days International Bank Transfer - 2,400 yen to 4,800 yen + 1% of the withdrawal amount Deposit: 3 days to 1 week Withdrawal: 3 days to 1 week Bitwallet Deposit and Withdrawal Fees and Estimated Receipt Dates Overseas FX Brokers that support Bitwallet | Fees and Processing Time The following overseas FX brokers support deposits and withdrawals via Bitwallet. Overseas FX brokers that accept Bitwallet deposits Deposit fees and processing times for overseas FX brokers Axi Free Instant Exness Free Instant FXGT Free Instant FxPro Free ~10 minutes HFM Free ~1 business day MYFXMarkets Free Instant StarTrader Free Instant ThreeTrader Free Instant TitanFX Free Instant Vantage Trading Free ~1 business day XMTrading Free Instant XS.com Free ~45 minutes BigBoss Free Instant MiltonMarkets Free Instant Deposit fees and processing times via Bitwallet Overseas FX brokers that accept Bitwallet withdrawals Overseas FX brokers that accept Bitwallet withdrawals Withdrawal fees and processing times Axi Free Instant Exness Free ~1 business day FXGT Free ~2 business days FxPro Free ~10 minutes HFM Free ~1 business day MYFXMarkets Free 1-2 business days StarTrader Free ~1 business day ThreeTrader Free 1-3 business days TitanFX Free Instant Vantage Trading Free 3-5 business days XMTrading Free Instant XS.com Free ~45 minutes BigBoss Free ~5 business days MiltonMarkets Free 3-5 business days Withdrawal fees and processing times via Bitwallet Many overseas forex brokers support deposits and withdrawals via Bitwallet. Furthermore, deposit and withdrawal fees between overseas forex brokers and Bitwallet are generally free. Therefore, if domestic bank transfers incur withdrawal fees of 1,000 yen or more, or if the overseas forex broker requires withdrawals via international bank transfer, using Bitwallet can save on fees and processing time. STICPAY is an online wallet similar to Bitwallet. A relatively large number of overseas forex brokers support deposits and withdrawals via STICPAY. STICPAY's usability in overseas forex trading is basically the same as Bitwallet. However, STICPAY supports cryptocurrency deposits and withdrawals, and its withdrawal fees are higher than Bitwallet's. STICPAY Deposit and Withdrawal Fees and Estimated Receipt Dates Item Deposit and Withdrawal Fee Withdrawal Fee Estimated Receipt Dates Credit Card 3.85% of the deposit amount - Deposit: Instant to 30 minutes Withdrawal: Other withdrawal methods Domestic bank transfer Equivalent to 2.9% of the deposit amount *For withdrawals of less than 10,000 yen, a 500 yen fee will be added to the above 2.5% of the withdrawal amount + 800 yen Deposit: Instant to 1 business day Withdrawal: 1 to 2 business days Cryptocurrency 1% of the deposit amount 1.3 to 5% of the withdrawal amount Deposit: Instant to 30 minutes Withdrawal: Instant to 30 minutes STICPAY Deposit and Withdrawal Fees and Estimated Receipt Dates Overseas FX brokers that support STICPAY | Fees and Processing Time The following overseas FX brokers support deposits and withdrawals via STICPAY. Overseas FX brokers that accept STICPAY deposits: Deposit fees and processing times for overseas FX brokers: AXIORY (free, instant), Exness (free, instant), FXGT (free, instant), FxPro (free, ~10 minutes), MONAXA (free, instant), StarTrader (free, instant), TitanFX (free, instant), XMTrading (free, instant), XS.com (free, ~1 hour). Overseas FX brokers that accept STICPAY withdrawals…

Jade SEO version

Established in 2021, JadeFOREX is one of the newer overseas forex brokers. It boasts various attractive features, including permanent cashback, narrow spreads, and a unique, cutting-edge platform. This article provides a detailed overview of JadeFOREX's cashback program, account opening procedures, and the advantages and disadvantages of using JadeFOREX. The overview of JadeFOREX is as follows. In the latter half of this page, we will explain the features of JadeFOREX in detail, divided into advantages and disadvantages, so please refer to this if you are considering using JadeFOREX. Operating Company: Jade Belfort Limited Established: 2021 Registered Address: Nobel Capital Group Limited of Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles. Financial License: Seychelles (Registration Number: IBC227736) Leverage: Up to 200x Spread: 1.7 pips/USD/JPY, 1.7 pips/EUR/JPY *Subject to change due to variable spread Tradable Instruments: FX, Precious Metals, Energy, Cryptocurrencies, Stock Indices Margin Call: None (Zero Cut System Incorporated) Japanese Support: Available Trading Tool: cTrader What is JadeFOREX's Cashback? When using overseas FX brokers, cashback is something you should definitely take advantage of. Since it allows you to trade more profitably, there's no reason not to use it. Here, we will explain JadeFOREX's cashback. We will explain in detail everything from basic information to how much you can save with cashback and the process of receiving it, so please refer to it. JadeFOREX Cashback Rate When using MoneyCharger, the cashback rate for JadeFOREX is as follows: Standard Account 0.5 pips Low Spread Account 0.5 pips *The above is the cashback rate for 1 Lot trade. How much cashback can you get from JadeFOREX with Money Charger? Here, we will explain how much cashback you can get by using Money Charger. As an example, we will show how much you can save by using Money Charger in the following trade. *All figures are as of March 2023. Conditions and rates may change. ① If you are not registered with a cashback site but register with Money Charger By simply registering with Money Charger, you can get 487,500 yen in cashback with your usual trades. When trading overseas FX, you can trade more profitably by utilizing cashback sites. *All figures are as of March 2023. Conditions and rates may change. ② Switching from industry leader T company to Money Charger (Manecha): By switching to Money Charger (Manecha), which boasts a high cashback rate, you can receive even more cashback. In the above case, simply switching to Money Charger (Manecha) will generate ¥253,500 more cashback per month. There are various cashback sites, but to receive the most cashback, use a cashback site that suits your trading situation. *All figures are as of March 2023. Conditions and rates may change. Money…

Are there no margin calls in overseas forex trading? An explanation of the disadvantages and mechanisms of the zero-cut system

Some overseas forex brokers employ a zero-cut system, meaning no margin calls are incurred. This is a service unique to overseas forex brokers, as it is not available with domestic forex brokers. By utilizing the zero-cut system, it is possible to trade with reduced risk. Therefore, when using an overseas forex broker, it is necessary to know the features of this system. This article will explain in detail the advantages, disadvantages, and points to note regarding the zero-cut system in overseas forex. For popular brokers that employ the zero-cut system, please check the ranking of recommended overseas forex brokers with good reputations. If you are new to overseas forex, we recommend that you read this complete guide for overseas forex beginners. What is the zero-cut system that eliminates margin calls in overseas forex? By utilizing the overseas forex zero-cut system, no margin calls are incurred, making it possible to trade with reduced risk. Here, we will explain the zero-cut system in detail. The contents to be explained are as follows: What is a margin call in forex? The mechanism of the zero-cut system that eliminates margin calls in overseas forex The difference between zero-cut and stop-loss The process until the execution of the zero-cut system that eliminates margin calls in overseas forex What is a margin call in forex? A margin call is an abbreviation for additional margin, which is an additional margin that is incurred when the margin falls below a certain maintenance ratio. In FX trading, losses can occur, causing the margin to fall below the initial deposit and resulting in a negative balance. When the margin becomes negative, additional deposits are required to replenish it. This situation is called a "margin call." How the Zero Cut System of Overseas FX Traders Works The zero cut system is a system that prevents traders from incurring debt when their trading losses fall below their initial deposit. Because no debt is incurred, positions are forcibly closed when the margin reaches zero. Therefore, the margin will never go negative. Without a zero cut system, if a trader incurs a large loss that falls below the initial deposit, the margin will go negative and a margin call will occur. With a zero cut system, the margin will never go negative, so no margin calls occur. Difference between Zero Cut and Stop-Loss The zero cut system is a type of stop-loss system. Stop-loss is a system in which positions are forcibly closed when the margin maintenance ratio falls below a certain level. Zero cut is a system in which positions are forcibly closed when the margin maintenance ratio reaches 0%. Stop-loss is a system to prevent the account balance from going negative. However, if the exchange rate fluctuates rapidly due to economic indicators, etc., there may be times when stop-loss orders cannot be executed in time. In such cases, the zero-cut system will offset the losses even if the account balance goes negative, and return the account balance to zero. For information on how to calculate and avoid stop-loss orders, please check this article: https://money-charger.com/information/fx-loss-cut/ Flow of execution of the zero-cut system with no margin calls in overseas FX The flow of execution of the zero-cut system in overseas FX is as follows: With the zero-cut system, the losses incurred by the trader will be limited to the amount deposited in the trading account. Why are there no margin calls in overseas FX? Differences from domestic FX brokers Many overseas FX brokers have introduced a zero-cut system with no margin calls. On the other hand, it is not possible to introduce a zero-cut system with no margin calls in Japan. Here, we will explain the following in detail. Reasons why overseas FX brokers implement zero-cut systems that eliminate margin calls Reasons why domestic FX brokers cannot implement zero-cut systems that eliminate margin calls Reasons why overseas FX brokers implement zero-cut systems that eliminate margin calls The reason why overseas FX brokers implement zero-cut systems that eliminate margin calls is to increase the trading volume of traders. Without a zero-cut system, traders would inevitably have to trade while bearing the risk of margin calls. With a zero-cut system, traders can trade with peace of mind because they know that margin calls will not occur. When traders' trading volume increases, overseas FX brokers can increase their profits from spreads and trading fees. However, some overseas FX brokers do not adopt zero-cut systems, so be sure to check when choosing a broker. Reasons why domestic FX brokers cannot implement zero-cut systems that eliminate margin calls Domestic FX brokers cannot implement zero-cut systems that eliminate margin calls. This is because the Financial Instruments and Exchange Act in Japan prohibits "compensation for losses." Therefore, in domestic FX, when the margin becomes negative, a margin call occurs. Overseas FX is not bound by the Financial Instruments and Exchange Act in Japan, so it is possible to implement zero-cut systems. If you want to take advantage of the zero-cut system, you should use an overseas FX broker. For information on the advantages and disadvantages of overseas FX and domestic FX, please see this article: https://money-charger.com/information/fx-domestic-and-overseas/ Advantages of the Zero-Cut System with No Margin Calls in Overseas FX Here, we will explain in detail the advantages of the zero-cut system with no margin calls in overseas FX. No risk of debt Peace of mind trading is possible Good compatibility with high leverage No risk of debt Using the zero-cut system means no margin calls will occur. Therefore, there is no risk of debt. This is arguably the biggest advantage of the zero-cut system. Because there is no risk of debt, even beginners can trade with peace of mind by using an overseas FX broker. Let's also look at cases where debt can occur in FX and how to deal with them. Peace of mind trading is possible Because there is no risk of debt when using the zero-cut system, traders can trade with peace of mind. For traders starting with small capital, they can concentrate on their own trading without feeling much stress even in the face of sudden price fluctuations. …