Say Affiliates has emerged as one of the most talked-about platforms in retail forex trading — not because it promises extraordinary returns, but because it gives traders back money they were already losing without knowing it. The platform is completely free to join, and it pays cashback on every single trade a user places, regardless of whether that trade is a winner or a loser.
For years, forex cashback existed only as an insider benefit — a quiet arrangement between introducing brokers and the major trading platforms. Institutional traders and high-volume retail accounts had access to rebate programmes that meaningfully reduced their trading costs. Individual traders, particularly those just starting out, had no access to these deals and no awareness that such arrangements even existed.
Say Affiliates was built to change that. By negotiating directly with regulated brokers around the world, the platform has created a structure where ordinary retail traders can receive a portion of the spread they pay on every trade — automatically, without changing their broker, their strategy, or their trading style.
What Exactly Is Forex Cashback?
When a retail trader opens a position on EUR/USD with a broker, the broker earns revenue through the spread — the difference between the buy and sell price. On a standard lot, a 1-pip spread on EUR/USD represents approximately $10 in revenue for the broker. A portion of that revenue is shared with introducing brokers (IBs) as a commission for sending clients to the platform.
Say Affiliates acts as the IB for its registered users. Instead of keeping those commissions, the platform passes them back to traders as cashback. The result: traders who would have paid $10/lot in spread costs now receive $5–$15 of that back as a rebate, effectively reducing their cost of trading by 50–100%.
How the Platform Works — Step by Step
Why "Free" Matters in a Fee-Heavy Industry
Forex trading is a cost-intensive activity. Every pip of spread, every commission charge, and every overnight swap is a drag on a trader's P&L. Professional traders spend significant time optimising their trading costs — choosing brokers with tighter spreads, negotiating volume discounts, and using cashback arrangements to reduce per-trade costs.
Retail traders rarely have access to these optimisations. Say Affiliates democratises that access. By making the platform free to use and paying rebates directly to users, the platform eliminates one of the most significant structural disadvantages that retail traders face versus institutional participants.
Coverage Across Asset Classes
While forex cashback is the platform's primary offering, Say Affiliates has expanded its network to cover stocks, indices, commodities, and cryptocurrency trading. Traders who diversify across multiple asset classes can earn rebates on all of them through the same single account, consolidated into one monthly payout.
- Forex pairs: Major, minor, and exotic currency pairs — EUR/USD, GBP/USD, USD/JPY and 100+ more
- Commodities: Gold (XAU/USD), Silver (XAG/USD), Oil (WTI and Brent)
- Indices: US30, SPX500, FTSE100, GER40, NAS100
- Crypto CFDs: BTC/USD, ETH/USD, and major altcoins through CFD brokers
- Stocks: US and European equities through partnered brokers
The Verdict
For any retail forex trader who is not already using a cashback platform, Say Affiliates represents a straightforward opportunity to reduce trading costs with zero upfront investment. The platform does not require changing brokers, adjusting strategies, or depositing any funds with Say Affiliates directly.
The only question is not whether cashback is worth it — it invariably is — but whether traders know that platforms like Say Affiliates exist. For those discovering it for the first time, the recommendation is simple: register before opening your next broker account, and start earning on every trade from day one.
Register your free account, choose a broker, and start earning cashback on every trade — no fees, no minimums, no catch.