How to Receive Overseas FX Cashback: 4 Steps and Common Mistakes
Many people want cashback but do not know where to start.
To receive it, open a new account through a referral link, complete identity verification, and trade. With auto rebate, the cashback is credited to your account automatically.
This article explains the four steps, common mistakes, and how to confirm crediting.
In short: just 4 steps
- Always open a new account through a referral link
- Complete identity verification (KYC), then deposit and trade
- With auto rebate, cashback is credited automatically based on trading volume
- Existing accounts and some account types may be excluded
4 steps to receive overseas FX cashback
- 1
Open a new account via a referral link
Create your account through an XB referral link. Accounts not opened through the link are not eligible.
- 2
Complete identity verification (KYC)
Submit photo ID and proof of address. Once approved, you can deposit and trade.
- 3
Deposit and trade
Trade with an eligible account type. The cashback amount depends on trading volume (lots).
- 4
Automatic crediting to your trading account
The broker's system credits your account. No application is needed.
Common mistakes that cost you cashback
You did not use a referral link
This is the most common mistake. If you open an account directly on the official site, it is not recorded as a referral. Whether it can be made eligible later depends on the broker's terms.
You already have an account
Some brokers exclude existing accounts. Whether you can open an additional account with the same broker is also set by their terms. Check the official page beforehand.
Your account type was not eligible
Cashback amounts differ by account type, and some types are excluded. Make sure the account is eligible before you open it.
| Mistake | How to prevent it |
|---|---|
| Did not use the link | Go to the sign-up page from the referral link before opening an account |
| Applied with an existing account | Check the terms beforehand to see whether new accounts are eligible |
| Chose an ineligible account type | Check the eligible accounts on each broker page before opening |
How to confirm cashback was credited
In MT4/MT5, it generally appears in your trade or account history like a deposit. However, how it looks differs by broker.
- Check the Balance (deposit) entries in the MT4/MT5 account history
- The comment field may include wording indicating a rebate
- Check the deposit and withdrawal history in the broker's client portal
- Crediting dates differ by broker (daily, weekly, etc.)
See brokers that support auto rebate and how to open an account.
View supported brokersFAQ
Q.How do I receive overseas FX cashback?
Open a new account through a referral link, complete identity verification, deposit, and trade. With an auto-rebate broker, cashback based on your trading volume is credited to your trading account automatically.
Q.Can I receive cashback on an existing account?
It depends on the broker's terms. Many brokers only cover new accounts opened via a referral link, so check each broker page or the official terms before opening an account.
Q.What should I do if my cashback is not credited?
First check that you used the referral link and that your account type is eligible. If you still cannot find it, contact the broker's support with your account number.
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.
