Best Offshore Forex Cashback Brokers Compared [2026]
Are there so many offshore forex cashback brokers that you cannot decide where to open an account?
In short: for low cost, start with Axi or Exness; for small deposits, XS or HFM; for a proprietary app, DecodeFX. All 5 brokers are designed to return cashback automatically to your trading account.
This article lines up the conditions of the 5 brokers on the same points and summarizes how to choose by goal. Rebate amounts will be posted on each broker page once confirmed.
Short answer: choose offshore forex cashback brokers by your goal
- For low cost, compare Axi and Exness, with narrow spreads and no commission
- To start small, consider XS and HFM with no minimum deposit, or DecodeFX CENT from USD 1
- If you also want bonuses, HFM and XS have deposit-bonus accounts
- If you want a proprietary app, there are the DecodeFX App, the HFM app and the Axi app
- All 5 brokers return cashback to your trading account, with no application needed
Accounts and costs of the 5 cashback brokers compared
First, here are the account types and costs side by side. Each broker uses a different spread basis, so treat the figures as a guide.
| Broker | Main account types | Spread | Trading commission | Minimum deposit |
|---|---|---|---|---|
| XS | Standard / Cent / Pro / Elite / VIP | Standard average 1.1 pips (EURUSD) | Standard: free; Elite: $6 round turn | Standard: no minimum |
| HFM | Premium / Cent / Pro / Zero / KATANA / Top-Up Bonus | Premium from 1.4 pips, Zero from 0 pips | Premium: none; Zero FX: $6 round turn | Premium: $0 |
| Axi | Standard / Premium / Elite | Standard from 0.7 pips, Premium from 0.0 pips | Standard: none; Premium: $4.5 round turn | Standard: no requirement; Premium: $500 initial deposit |
| Exness | 5 types incl. Standard / Pro / Raw Spread / Zero | Standard from 0.2 pips, Zero from 0.0 pips | Standard: none; Zero: from 0.05 USD per side | Varies by region and payment method |
| DecodeFX | STD / PRO / CENT | STD from 0.34 pips | STD: none; PRO: $7 per lot | STD and PRO: USD 100; CENT: USD 1 |
Leverage, trading tools and where cashback is credited
| Broker | Maximum leverage | Trading tools | Cashback amount | Credited to |
|---|---|---|---|---|
| XS | 1:2000* | MT4 / MT5 | Posted at launch | Automatically to your XS trading account |
| HFM | 1:2000* (varies by account) | MT4 / MT5 / WebTrader / HFM app | Posted at launch | Automatically to your HFM trading account |
| Axi | 1:1000* | MT4 / MT5 / Axi app / copy trading | Posted at launch | Automatically to your Axi trading account |
| Exness | 1:2000* (unlimited under certain conditions) | MT4 / MT5 | Posted at launch | Automatically to your Exness trading account |
| DecodeFX | 1:2000* | DecodeFX App / MT4 / MT5 / API | Posted at launch | Automatically to your DecodeFX trading account |
By goal: how to choose an offshore forex cashback broker
If you want to trade at low cost
For narrow spreads with no commission, Axi Standard and Exness Standard are the ones to compare. If you want to trade from 0.0 pips, look at the total cost including commission.
If you want to start small
XS Standard and HFM Premium have no minimum deposit. For even smaller units, XS and HFM Cent, or DecodeFX CENT (from USD 1), are candidates.
If you also want to use bonuses
HFM has a Top-Up Bonus account, and XS also has account-opening and deposit bonuses. Exness, however, does not offer bonuses. Check the terms to see whether they can be combined.
If you want to manage things in a proprietary app
You can choose from the DecodeFX App, the HFM app and the Axi Trading App. The Axi app supports Standard accounts only.
- Low cost: layer cashback on accounts with narrow spreads (Exness Standard, Axi Standard, etc.)
- Start small: XS Standard, HFM Premium and DecodeFX CENT, which have no minimum deposit requirement
- Want bonuses too: HFM and XS, which run deposit bonuses (check the terms for combining)
- Trade in a proprietary app: DecodeFX App, Axi Trading App, HFM app
Points to watch when comparing, and steps to choose
- 1
Decide on one goal
Narrow it down to your top priority among low cost, small deposits, bonuses and apps.
- 2
Check the account type conditions
Look at commission and minimum deposit together with the spread, not the spread alone.
- 3
Check which accounts are eligible for the rebate
Some account types may be excluded. You can check this on each broker page at launch.
- 4
Open the account via the referral link
Accounts that do not use the link may not be eligible for cashback.
- Note that higher leverage also means larger losses
- Spreads fluctuate, and official figures are a guide
- It may not be combinable with bonuses
Check the account type comparison, who each suits, and the account-opening steps for all 5 brokers.
View supported broker detailsFAQ
Q.Which offshore forex broker is best for cashback?
It depends on your goal. For low cost, compare Axi and Exness; for small deposits, XS and HFM; for a proprietary app, DecodeFX. Rebate amounts will be posted on each broker page at launch.
Q.How much do cashback amounts differ between brokers?
Rebate amounts are not yet confirmed. At launch in December 2026, the rebate for each broker will be posted on its broker page.
Q.Is a broker with narrower spreads always the better deal?
Not necessarily. Accounts from 0.0 pips charge a commission, so compare the sum of spread and commission. The effective cost including cashback will be posted once confirmed.
Sources
- XS Account Types (checked 2026-08-02)
- HFM Trading Accounts (checked 2026-09-01)
- Axi Trading Accounts (checked 2026-09-10)
- Exness Trading Account Types (Official Help) (checked 2026-09-03)
- DecodeFX Trading Accounts (checked 2026-08-04)
This article is for information purposes only and is not investment advice. Conditions may change, so please check each broker's official page for the latest information. Offshore FX and CFD trading carries a risk of losses exceeding your principal.
