Cash Back Forex Review: Is Cashbackforex.com Legit

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Earn cash back at your favorite broker is the tagline for this rebate program. Cash Back Forex (Cashbackforex.com) is the basis of our review for today. CBF is long-standing in the eyes of many traders. With this program, CashBackForex is giving users a little money back with each placed trade. This is one of the most versatile and well-known rebate programs for those who are new to trading. The platform also promises to beat all other competitors in the rebate world.

Cash Back Forex Review

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About Cash Back Forex

It seems that Cash Back Forex is a digital family comprising of several different outfits. The disclaimer at the footer of their homepage goes to show the different forms of rebate programs available. These include Cashback Forex, Cashback Forex USA, FXVerify, and RebateKingFX. All these service providers are all found under one roof. With this rebate program, the vendor is specifically endorsing FXVerify as their preferred broker. It goes to show that the platform is reliable and has a strong online presence.

Looking at their Facebook page, it’s clear that the page frequently updates their information. We could also see a video presentation of their overall service delivery. When it comes to the overall presentation, CashBack Forex has done an exceptional job. Scrolling down their website will reveal that the vendor has nothing to hide. The rebate program has explained how the rebate program works. For those without a clue, the homepage has all the information. The homepage is user-friendly, and navigation is easy.

Assets covered by the platform

The platform is one of its kind to offer cashback on crypto trades. Not many rebate programs offer this valuable asset on their platforms. It goes to show the level of professionalism that the vendor offers. Make sure to know more about Crypto rebates and whether they are different from forex-related rebates. The vendor is unclear on which rebate asset offers an advantage over the other. It seems that the platform will most likely offer more rebate programs to available trading assets.

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Business owner

Cash Back Forex Brokers

It seems that this platform is operated and owned by a private entity from the look of things. We still have no information on where the platform is located or their staff members. From the phone number posted on the contact page, we can see it’s located in Ireland. It doesn’t necessarily mean that the entire operation is based in Ireland. The vendor should do a better job and inform users of their actual business home. Without such an address, it creates unnecessary fears, such as anonymity problems.

Cash Back Forex License and Registration

With the platform claiming to be located in Ireland and London, we had to check with authorities. Both regulators have no entity that is licensed under this name. It means Cash Back Forex is not yet permitted to offer such services. And this is one of the biggest drawbacks of this platform. Even though the platform offers legit services, they should go for a license to operate. With a license, it shows that the vendor is willing to safeguard the interest of users.

Since the platform has no CBF, there is a chance users can lose money. When and if the platform faces bankruptcy, members will have to pay the ultimate price. The vendor may also decide to shut down the platform at any given time. Users should remember that the business address and owner remain anonymous. It is one of the problems that face users of this rebate program. CBF should come clean and inform users of the risks involved. The terms of use seem to protect the platform from any liability.

CBF is a rebate program that has POSITIVE comments throughout the trading world. With over twelve years in the industry, we hardly see any negative reviews. And this goes to show the level at which traders are satisfied with the rebate program. With positive comments comes the affirmation that this is a legit rebate program. Those who have tested it claim that the vendor is offering legit services. And since the services are free, newbies can easily sign up and test the platform.

Domain details of the page

According to details from a valued domain checker, the website is twelve years old. The exact date the website cashbackforex.com went live was on 29th July 2008. Details also show that the servers are located in Germany with 10 changes on their IP address. Those that do sign up should know that the site has a long tradition of maintaining professionalism. The website has a strong online presence, which is ideal for traders. Thanks to their online status, we can build a long-lasting relationship with their cashback services.

Referral program

There is a referral program associated with this platform. The vendor has listed the referral program into three categories. Tier 1, Tier 2, and Tier 3 plans are available depending on the number of affiliates. Tier 1 plan has 15 percent cash back on the earnings generated by the referral. With Tier 2, users get 2 percent of the cashback generated by clients your referral refers to. Tier 3 plan comes with 5 percent of the cashback earnings of level three clients. It shows that the vendor is also offering dividends for their affiliate program.

Features of Cash Back Forex

Cash Back Forex Features

It should be known that Cash Back Forex is the leading and oldest provider of Crypto and forex rebates. Users get instant cashback to their brokerage account and spread commission discounts. With 99 percent positive customer reviews, the rebate program is amongst the best in the industry. There is no other rebate program that can beat CBF in regards to available rates. With a proven track record, users can use the platform and expect payment. And this is what makes it better than the others.

Pros and Cons of Cash Back Forex

Available rebate options

Cash Back Forex is dividing its rebate options into three different categories. These include Monthly cashback, Spread or commission reduction, and paid directly to the brokerage account. With the monthly subscription, users expect payments by the 12th of the following month. Traders get reduced commissions or spread offered by some of their brokers. Users can also access their cash back through their brokerage accounts. The balance will reflect one to seven days after the trade is closed.

Forex calculators and trading tools

There is a wide array of trading tools to help users with day-to-day trading. These tools include forex calculators such as pip, position size and risk, risk of ruin, and currency converter. Other forex calculators include compounding calculator, Fibonacci, and Margin calculators. The available trading tools include broker spread comparison tools and broker swap comparison tools. Other notable tools include economic calendar and live charts. These are some of the added benefits of using this cashback service.

Payment options

The vendor has listed several payment options that are available in every corner. Some of these payment options include Bank transfer, Neteller, PayPal, Skrill, and SticPay.  The list of brokers on their rebate program includes IC Markets and OctaFX. Users can scroll down their homepage and see the rest of the brokers. Members should note that some payment options, such as Bank wire carry fees. It is good to know which payment option suits you to avoid any hidden fees.

Scam or Legit Cash Back Forex

Cash Back Forex is one of the longest standing rebate programs in the industry. It is worth trying it out, especially if you are a newbie. Ensure you sign up with this rebate program for a memorable experience.

Our verdict

For those who want to try a rebate program, we highly recommend cashback forex. It’s one of the best in the industry.

Ensure you also go for the best forex trading robots for effective trading experience. With automated trading tools, it becomes easier to make passive income. Go for industry-backed trading robots that the industry has to offer.

Our entire team wishes everyone a safe trading experience with recommended products.

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