|18.75% Of Commissions Paid||18.75% Of Commissions Paid||0.225 Pips/Round Turn Lot|
Micro accounts are not eligible for a rebate.
Please avoid churning as it is not accepted by brokers. If you simply wish to generate rebates for your account without actually trading, please don't, as such rebates will be voided by the broker.
What is FXOpen Cashback?
Forex rebates (or cashback) is cash you get back (ie cash-back) for each trade you make. Just like with any cashback, you get paid back for performing your regular transactions with the service (a forex broker in our case) and get paid back part of the cost you’re being charged by FXOpen.
Important to note that each broker has different cashback rates for account types and instruments.
For example, you can receive a cashback of 0.5 pip for each EURUSD trade but no cashback for GOLD trades. Moreover, each broker has different rebates payment terms, such as payment timing (trade open/close, end of month) or trading requirements (minimal trade duration).
PAYBACKFX provides real-time reports of each of your cashback (when possible) so you can be rest assured that each and every rebate you should receive is paid to your account.
FXOpen forex rebate is a must for any forex trader since it increases your profitability and cuts down costs, and unlike some of our competitors, your trading terms such as the spreads or commissions you pay never change.
How FXOpen cashback works?
When we refer you to FXOpen to open a new trading account or link an existing trading account under our referrer (when possible), the FXOpen pays us a commission which is mostly paid back to you in the from of cashback.
How much FXOpen cashback can I earn?
FXOpen cashback will depend much on your trading volume, the larger the volume the more cashback you will receive.
Below you can use our FXOpen cashback calculator to estimate the monthly or yearly cashback
FXOpen cashback calculator
How FXOpen cashback is paid?
Your FXOpen cashback is reported in real-time in your dashboard and the cashback is usually released a few days after the end of the month which is when we collect your cashback from FXOpen.
The cashback can be then withdrawn with the available options in the withdrawal page.
Is it the best FXOpen cashback?
PAYBACKFX provides you the best FXOpen cashback service, starting from the cashback level and down to customer service. In case of any issues arise, we are always here to help and can even step in and help with any issues you may have with FXOpen.
|Broker type||STP ECN NDD|
|Operating since year||2003|
|Number of employees||200|
|Regulation||FCA (UK), ASIC (Australia)|
|Accepting US clients?||No|
|Account currency||USD, GBP, EUR, CHF, JPY, RUR, SGD, AUD, GLD, BTC|
|Funding/Withdrawal methods||Wire Transfer, Credit Card, Debit Card, Cash, Perfect Money, WebMoney, cashU, Neteller, UnionPay, Skrill, Netbanx, Okpay, FasaPay, Qiwi, Bitcoin, AliPay, WeChat Pay|
|Swap free accounts||
|Interest on margin||
|Accounts for money managers (MAM, PAMM)||
|Phone||+64 9 801 0123|
|Languages||English, Spanish, French, German, Portuguese, Japanese, Italian, Russian, Mandarin, Chinese, Indonesian, Malay, Thai, Arabic, Malay, Farsi|
|Availability||Phone, Chat, Email, FAX|
|Trading Platforms||MetaTrader 4, Web Platform, Mobile Platform, AutoTrade|
|Trading platform(s) timezone||(GMT +3:00) Baghdad, Riyadh, Kaliningrad|
|Web based trading||
|Trading over the phone||
|One click trading||
|Other trading instruments||Indices, Commodities, Energies, CFDs, Cryptocurrency|
Micro - $1, STP - $10, ECN - $100, Crypto - $10
|Minimum lot Size||
|Maximum lot Size||
Commissions for ECN start from 1.5 USD per standard lot and depend on trading volume. No Commissions for STP accounts. Commission for Crypto account is 0.5% half-turn.
FXOpen was founded in 2003.
FXOpen is one of the largest Forex brokers in the world enjoying unprecedented client base growth due to innovative, unique services, reliable trading conditions, and strong customer support principles.
FXOpen offers different types of accounts for traders with different trading styles, objectives, starting capital, experience and skills:
- ECN accounts
- STP accounts
- PAMM accounts (PAMM ECN and PAMM STP)
- Micro accounts
- Crypto accounts (to trade Bitcoin, Litecoin, and Namecoin)
FXOpen offers an ECN-integrated MT4 trading platform, compatible with algorithmic trading.
FXOpen keeps to a no dealing desk (NDD) business model using liquidity of major banks, hedge funds, and other financial organizations. The company’s customers are allowed trading directly in the interbank market (also referred to as direct market access or DMA). NDD model enables leverage speculations and sets no restriction on application of trading strategies.
The company supports e-Sports and helps to organize and promote the FXOpen Path of Ascension and similar e-Sports championships. FXOpen has its own StarCraft II professional team. FXOpen sponsored the StarCraft II championship winning team in the 1st Hong Kong e-Sports Tournament.
The company is a sponsor of motorsports activities, in particular, drifting.
The company organizes and promotes regional Forex championships in the framework of the ForexCup project. The Championships were held in China, Russia, and Ukraine.