PAYBACKFX is a website dedicated to offering forex rebates services to Forex traders. The company is a subsidiary brand of myfxbook. The platform allows traders to connect with their chosen Forex broker and trade using a referral link, enabling them to earn cashback from their trading activities. PAYBACKFX is praised for its real-time reporting, monthly cashback with various payment methods, as well as responsive customer support and mobile application.
Cashback Service Details
The cashback service offered by PAYBACKFX allows traders to earn cash rewards while engaging in Forex trading. Users can link to their broker of choice and trade through this service. The amount of cashback depends on the broker's rebate rate, the type of instruments traded, and the volume of the trades. To help users estimate potential earnings, a cashback calculator is provided on the PAYBACKFX website.
Partner Brokers
PAYBACKFX has established partnerships with a range of well-known Forex brokers, including Solidary Markets FX, Pepperstone, TradingForex, Fort Financial Services, FXTM, FXOpen, MAXFX, ICMarkets, instaforex, and FiboGroup among others.
User Feedback
According to user reviews, PAYBACKFX provides secure and reliable services. Most users are satisfied with the quality of the platform's service, especially regarding fast withdrawals and good customer support. However, there are complaints about fees incurred when withdrawing via PayPal.
Competitiveness of Rebate Rates
Some users and reviewers believe that PAYBACKFX may not offer the most competitive rebate rates on the market. Nonetheless, partnering with PAYBACKFX may mean that traders are working with a safer resource.
Payment Methods
PAYBACKFX supports various payment methods, including PayPal, to facilitate the withdrawal of rebates. Although PayPal may charge certain fees.
Summary
As a Forex cashback service platform, PAYBACKFX provides traders with an opportunity to earn additional income during trading. The service has a good reputation among users for its reliability and security. Although the rebate rate may not be the highest on the market, the overall service provided is trustworthy. PAYBACKFX's rebate calculator helps traders to roughly estimate potential rebate earnings, an attractive feature for those looking to reduce their trading costs. Overall, PAYBACKFX offers a simple and effective solution for traders who want to earn extra income during their trading endeavors. However, users should carefully consider their trading strategies and risk tolerance to ensure that it aligns with their investment goals and needs when using such services.
