A Forex rebate — also called cashback — is a portion of the spread or commission that is returned to you every time you trade. It doesn't matter whether the trade is a winner or a loser: as long as you open and close a position, you earn. Rebates quietly lower your trading costs and, over time, become a genuine second income stream.
Where the Money Comes From
When you trade, your broker earns from the spread or commission. Brokers also pay to acquire active traders. A cashback provider like Say Affiliates introduces traders to the broker and, in return, receives a share of that spread revenue. Instead of keeping it all, the provider passes the majority straight back to you. Everybody wins — the broker gets an active client, and you get paid to do what you were going to do anyway.
How Rebates Work, Step by Step
A Real Example
Suppose you trade 30 standard lots of EUR/USD in a month at a rebate rate of $7.50 per lot. That's $225 in cashback for that month — regardless of whether your trading was profitable. Scale that up over a year of active trading and the numbers become impossible to ignore:
- 10 lots/month at $7.50 → $75/month → $900/year
- 30 lots/month at $7.50 → $225/month → $2,700/year
- 100 lots/month at $7.50 → $750/month → $9,000/year
Why Rebates Matter Most for Beginners
New traders tend to trade small and make mistakes — that's part of learning. Rebates soften the cost of that learning curve by returning money on every trade, including the losing ones. Combined with a low-spread broker, cashback can be the difference between a break-even month and a profitable one.
Register free, connect a partner broker, and start collecting automatic rebates on every lot you trade.