Introduction
When it comes to forex brokers, there are a lot of choices out there. But how do you know which one is the best for you? If you’re looking for a reliable and reputable forex broker, then you might want to check out ForexBrokerCashBack.com. In this review, we’ll take a look at what this website has to offer and whether or not it’s a legit way to get cash back on your forex trades.
What is ForexBrokerCashBack.com?
ForexBrokerCashBack.com is an online forex broker that offers its clients a rebate on their trading commissions. The company claims to be able to provide its clients with up to $8 per lot traded in cash back, which can be used to offset the cost of trading or withdrawn from the account.
The company is headquartered in Belize and is regulated by the Belize International Financial Services Commission (IFSC). ForexBrokerCashBack.com offers the MetaTrader 4 (MT4) platform for trading forex, commodities, indices, and CFDs. The minimum deposit required to open an account is $100, and leverage is up to 1:500.
ForexBrokerCashBack.com has mixed reviews online, with some users alleging that the company is a scam while others have had positive experiences with the broker.
Is ForexBrokerCashBack.com a scam?
ForexBrokerCashBack.com is a website that promises to give users cash back when they open a forex account through their site. They claim to be partnered with over 20 different brokers, and offer up to $1000 in cash back.
However, many users have reported that they never receive their cash back, or that the amount they receive is much less than what was promised. There have also been reports of people being unable to withdraw their money from ForexBrokerCashBack.com, and of the customer service being unresponsive.
Due to all of these reports, it’s difficult to say for sure whether or not ForexBrokerCashBack.com is a scam. However, it seems that there are certainly some red flags that should make potential users beware before signing up for an account.
How does ForexBrokerCashBack.com work?
ForexBrokerCashBack.com is a website that promises to give you cash back on your forex trading losses. They claim to be the only website of its kind and say that they have over 1,000 happy customers. But is ForexBrokerCashBack.com a scam or not?
Here’s how the website works:
1) You open an account with a forex broker through ForexBrokerCashBack.com.
2) You fund your account and start trading.
3) If you lose money on a trade, ForexBrokerCashBack.com will refund you up to $100 per trade.
The website seems legitimate and they even have a few positive reviews from happy customers. However, we haven’t been able to find any independent reviews of the service. And the fact that they are willing to refund up to $100 per trade seems too good to be true.
We recommend that you proceed with caution if you’re thinking of using ForexBrokerCashBack.com.
What are the pros and cons of ForexBrokerCashBack.com?
An ever-increasing number of forex brokers are now offering cash back rebates to their traders. The aim is to encourage loyalty and attract new clients, but is this practice really beneficial for traders? Let’s take a look at the pros and cons of ForexBrokerCashBack.com.
PROS:
-You can receive cash back on your trades, regardless of whether you win or lose
-The rebate is paid directly into your trading account, so you don’t have to worry about claiming it yourself
-It’s a great way to boost your earnings potential
CONS:
-Some brokers may limit the amount of cash back you can receive
-You may have to meet certain conditions in order to qualify for the rebate (e.g. traded volume requirements)
-The rebate may be paid in the form of bonus funds, which means it could be subject to withdrawal restrictions
Conclusion
ForexBrokerCashBack.com is a website that offers cash back rebates on forex brokers. The website seems to be legitimate, but there are some people who have accused it of being a scam. We did some research and could not find any concrete evidence that this website is a scam. However, we would recommend proceeding with caution if you decide to use this service, as there are some risks involved.