Cashback Double Dipping: Bonus Stacking Rules and Cautions
Wondering whether you can get both a bonus and cashback and come out ahead?
Whether they can be combined depends on the broker's terms. Some actions may also violate the terms, so doing it the wrong way could get your rewards cancelled.
This article explains what double dipping means, what to avoid, and how to benefit legitimately.
Summary: The broker's terms decide whether you can combine them
- Whether a bonus and cashback can be combined differs by broker
- Combining several cashback sites on the same account is generally not allowed
- Registering more than once under one person, or signing up through your own referral link, may violate the terms
- If in doubt, ask the broker before you start trading
What "double dipping" cashback refers to
The term double dipping is mainly used in three ways. How likely each is to be accepted differs greatly.
| Pattern | Overview | How likely it is to be accepted |
|---|---|---|
| Bonus + cashback | Combining a deposit bonus or similar with volume-based rewards | Decided by the broker's terms (sometimes allowed, sometimes excluded) |
| Using several sites | Stacking rewards from several referral routes on one account | Generally not allowed (one referrer per account) |
| Improper duplicate claims | Earning rewards repeatedly through multiple registrations or self-referral | May violate the terms |
Actions that may violate the terms
Using perks in ways the terms do not anticipate, just to stack rewards, may cause trouble. In some cases it can lead to cancellation or account suspension.
- One person registering several times with different names or details
- Signing up yourself through a referral link you issued
- Opening an account in a family member's or acquaintance's name just to get the perks
- Repeating trades with no real trading purpose, only to earn rewards
- Applying for the same account through different referral routes
How to benefit legitimately
The basic approach is to stay within the terms and choose accounts based on the conditions. Whether cashback also applies on a bonus-eligible account depends on the broker's terms, and XB will list this on each broker page at launch.
- 1
Decide the purpose of the account
First decide whether you value the bonus or the cashback more.
- 2
Read the terms on combining
Check the bonus's eligible accounts, withdrawal conditions, and forfeiture conditions.
- 3
Check which accounts earn cashback
Check eligibility by account type on each broker page.
- 4
Ask about anything unclear in advance
Contact the broker's support before you start trading.
Points that are easy to overlook when combining
- Bonus withdrawal conditions may include trading volume requirements
- A bonus may be forfeited if you withdraw funds or move the account
- Even with higher rewards, total cost does not fall if spreads and fees are high
- Cashback you receive may be taxable
If you pick an account only for the number of perks, its trading conditions may not suit you. Judge by both total cost and the terms.
See whether each broker offers a bonus and the conditions for cashback eligibility.
Check how bonuses relateFAQ
Q.Can I combine cashback and a bonus?
It depends on the broker's terms. Even when combining is allowed, eligible accounts and conditions may be limited. XB will list what we confirm on each broker page at launch.
Q.Can I use several cashback sites together?
Stacking rewards from several referral routes on the same account is generally not allowed. One referrer per account is the basic rule. Check the broker's terms for details.
Q.Can I sign up through my own referral link?
Self-referral may be treated as a terms violation. It carries a risk of cancellation or account suspension, so do not do it. Check the broker's terms to see what is allowed.
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.
