RoboForex Cashback offers exciting monthly payouts that require no extra efforts. Here's everything you need to know about it.
As a forex trader, you need to adapt quickly and stay updated with the latest developments in the markets so you won't miss any opportunities to earn additional income.
One of the most interesting bonus programs that you should know is called forex rebates or cashback. Basically, it is a way to receive money back from your trading activities with a certain broker. It's like getting rewarded for your investments and loyalty without any special requirements.
You can enjoy the benefits of forex cashback by signing up with brokers like RoboForex. RoboForex is a broker that offers its clients various comfortable trading conditions as well as exciting bonuses. The broker is widely known for its versatility and client-based services, so there is always an offer for any type of traders.
- 💲 Min Deposit$50
- ⚖ Max Leverage1:400
- 💡 Min Position0.01 lot
✔️ Pros
- Wide range of trading instruments
- Multiple account types
- Competitive spreads and fees
- Advanced trading platforms
- Extensive educational resources
❌ Cons
- Limited regulatory oversight
- High withdrawal fees
- Mixed quality in customer support
- Complexity for beginners
- Limited research tools
Well-known as one of the most committed brokers in trading technology advancements, RoboForex reaches out to a wide range of traders, from beginners to the more experienced ones who seek sophisticated trading environments with ECN-like spread and execution. The company is established in 2009 and holds a head office in Belize. Registered under the IFSC Belize, RoboForex manages to attract clients with fantastic leverage as high as 1:2000.
Following its commitment to be the forefront in terms of a high technology forex broker, RoboForex provides various trading platform choices including MetaTrader 4, MetaTrader 5, Social Platform, and its proprietary platform.
Trading instruments range from Currencies to Metals, Indices, Energies, Stocks, and ETFs. Aside from basic service, trading in RoboForex also presents a collection of distinctive features such as the PAMM system and Social Trading network developed with their own brand of CopyFX, ETFs, and stocks that reaches up to thousands as the available trading assets, and tight spreads.
RoboForex also accepts payment through a surprising online gateway besides wire transfer and credit card. The alternative methods are Skrill, Neteller, UnionPay, Perfect Money, and other similar online payments.
After opening an account, traders can start with a minimum deposit as low as $10 in Pro Accounts. To specify, here is a short description of each type of accounts that traders can choose from in RoboForex:
Pro-Standard
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.01
- Leverage: up to 1:2000
ECN-Pro
- Minimum Deposit: $10
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:300
Prime
- Minimum Deposit: $5,000
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:100
Pro-Cent
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.1
- Leverage: up to 1:2000
R Trader
- Minimum Deposit: $100
- Spread: from $0.01
- Minimum order volume: 1 stock
- Leverage: up to 1:200 (during the trading session) and up to 1:4 (after the trading session)
The R Trader account signifies RoboForex's attempt to distinguish forex and stock trading condition. It appears that the platform used in that particular account is RoboForex's in-house product that is specifically designed for stock online trading.
The overall description above depicts RoboForex as a distinguished broker despite its status as an offshore-regulated entity. Not only successful in providing various trading technology, but RoboForex also focuses on stock trading for more conservative traders. However, it is also important to note that RoboForex is one of the few brokers that boldly offer an extremely high perimeter of leverage at 1:2000.
RoboForex Cashback program allows you to earn up to 10% cashback from your monthly trading volume with a minimum amount of only 10 lots! It is very easy and reliable, so you definitely don't want to skip this. Let's find out more about it in this article.
What is RoboForex Cashback?
RoboForex Cashback is essentially a cashback program that offers monthly payouts for all verified clients. It's also applicable to all account types available in MT4 and MT5 platforms. The amount of the RoboForex Cashback depends on the closed positions volume on your account during that month. Meaning, the higher the monthly trading volume, the more cashback you can receive.
Since rebates are not considered bonus funds, you can use them freely without any additional conditions. All you need to do is reach the monthly minimum trading volume of 10 lots, and you'll be entitled to get additional gains from this program in the following month.
Where to Find the Information on the Official Broker Site?
- This information is reported per May 10 2024.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore RoboForex homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
Key Benefits of RoboForex Cashback
Here are some benefits to consider when using the RoboForex Cashback program:
Increased Monthly IncomeYou can earn more each month without having to put in extra effort, just by trading with RoboForex. Simply carry on your usual routine and the cashback will appear automatically on your account.
Easy to ReceiveNo need to fill out forms or deposit a certain amount in your account. RoboForex Cashback is automatic, so just make trades, sit back, and receive the benefits.
💻 Reliable Trading PlatformsEnjoy trading with award-winning trading platforms such as MT4 and MT5. You can use any account type available on RoboForex broker, whether it's demo, cent, standard, ECN, or prime accounts.
☑️ No RestrictionsYou are free to use the RoboForex Cashback for whatever you like as it is different from bonus funds. |
How to Get RoboForex Cashback
Getting RoboForex cashback is very easy and can be done in three simple steps. Here are the details:
- Open a trading account on RoboForex' official website and complete the verification process. This is important because only verified clients can earn the cashback.
- Make trades of at least 10 lots in a single month.
- That's it! The rebates will be sent to your account on the first day of each month. Visit "Your Rebates" page from the Member Area to keep track of it.
Terms and Conditions
As mentioned before, the cashback amount depends on your monthly trading volume, but it also depends on what account type you're using. In RoboForex Cashback, there are two types of calculation methods, namely "fixed rebates payout" and "% of commission".
Take a look at the following table for more details:
| Account Type | Calculation Method | 10 - 1,000 lots | 1,000 - 3,000 lots | Above 3,000 lots |
| Pro | Fixed Rebates Payout | The rebates depend on the chosen instrument. Please refer to the broker's website for more details. | ||
| ProCent | ||||
| ECN | % of Commission | 5% | 7% | 10% |
| Prime | ||||
The "fixed rebates payout" system calculates the rebates based on the fixed rate of the chosen trading instrument.
For instance, let's say you've traded 100 lots of EUR/USD in a month using a Pro account. According to the broker's website, the fixed rate of 1 lot of EUR/USD is 0.91 USD. Therefore, you are entitled to get 100 lots * 0.91 USD = 91 USD of rebates.
Meanwhile, the "% of commission" simply means calculating the rebates based on your monthly trading volume, regardless of what instrument you use. The higher your trading volume, the higher the percentage.
So, for example, if you've traded 100 lots of EUR/USD on your ECN account, you are entitled to get 100 lots * 5% = 5 USD of rebates.
Visit RoboForex for more bonuses
Conclusion
All in all, RoboForex Cashback is an excellent way to give a considerable boost to your monthly income. It offers to pay back a certain amount that you've invested, no matter whether you win or lose. It's permanent and available on all account types. The best part is that you can use the money for trading or other purposes with no restrictions.
RoboForex is a well-established broker that has been in business since 2009. They are licensed by the Financial Services Commission (FSC) and have headquarters in several countries, including Belize, China, Europe, Hong Kong, India, Indonesia, Spain, Thailand, Turkey, the United Arab Emirates, and the United Kingdom. RoboForex provides Forex/CFD trading services to over 4 million clients.