Easy to Get Started! How to Start Using Trader Cashback [with Image Guide]
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Trader Cashback Media
What is the “Auto Rebate System” for Cashback?
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This section explains how the cashback auto-rebate system works.
For those who have never used a cashback (rebate) service, or who are using it but don’t know about the auto rebate system.
In this article, we will introduce the appeal of the auto-rebate system.
Contents
How Cashback Works
Cashback is paid from the affiliate commissions of Introducing Brokers (IBs).
The image below illustrates how this works.
The IB commission is paid from a portion of the trader’s trading commission (spread), and the cashback is mostly returned to the trader.
How the Auto-Rebate System Works
The auto-rebate system is a cashback system offered by brokers.
The cashback is directly credited to your MT4 or MT5 trading account the day after the trade.
This “D-INTARB” is the cashback from the auto-rebate.
Example of Auto Rebate: Exness Standard Account Gold
| Spread | Cashback | Actual Cost |
|---|---|---|
| (1) 2.0 pips | (2) 0.68 pips | (3) 1.32 pips (2.0 pips – 0.68 pips) |
Cashback amount varies depending on the spread at the time of transaction.
Benefits of the Auto-Rebate System
Next Day Cashback
Brokers without an auto rebate system reflect the cashback balance the next day, requiring a withdrawal and deposit process. With the auto rebate system, the payment is made the day after the transaction.
Trading with Cashback
Since cashback is directly reflected in your account, you can use it as funds for trading.
Steps to Receive Cashback with the Auto Rebate System
Register as a member of Trader Cashback
Open an account with a broker through the Trader Cashback button.
Open an account with a broker that offers an auto-rebate system. Required documents and procedures vary from broker to broker.
Deposit and trade.
The cashback (rebate) amount is calculated based on the traded lots.
Cashback is automatically credited the next day
Cashback will be directly credited to your MT4 or MT5 trading account the day after the transaction.
Summary
Using the auto rebate system allows cashback to be reflected the day after the transaction, enabling efficient use of funds for trading.
