Are you planning to start FX trading without any preparation? If so, why not take advantage of cashback campaigns that offer great benefits? These campaigns allow you to earn cash rewards ranging from tens of thousands to hundreds of thousands of yen, making them highly advantageous. With more funds, you can trade more favorably compared to other traders.
This time, we will explain “cashback offers for FX trading.” We have also summarized how to effectively earn cashback and important points to keep in mind when receiving it, so please use this as a reference.
What is FX Cashback?
FX cashback refers to a beneficial campaign where you can receive cash rewards based on factors such as opening a new account or trading volume. It is one of the most prominent campaigns, and many FX brokers offer cashback programs. Depending on the FX broker you use, you may be able to receive cashback ranging from tens of thousands to hundreds of thousands of yen.
There are no fees or charges required to receive cashback. If a cashback campaign is being held at the right time, make sure to take advantage of it.
How to Use FX Cashback
When you receive FX cashback, it is automatically added to your investment balance. Depending on the FX broker, there may be sections labeled as “credit” or “bonus” under the investment balance, where the cashback amount is reflected. In any case, you can check the investment balance page to confirm it.
The usage remains the same as before. Simply continue trading as usual, and the cashback amount will be consumed automatically.
Other FX Campaigns Worth Noting Besides Cashback
FX brokers do not only hold cashback campaigns. They also run various other campaigns, such as spread reduction campaigns and friend and family referral campaigns. Here, we will introduce some FX campaigns worth noting besides cashback.
Spread Reduction Campaign
The spread refers to the difference between the bid price and the ask price. Some FX brokers hold campaigns to reduce this spread. When the spread becomes narrower than usual, traders can earn more profit and find it easier to achieve profitability.
This is highly advantageous for traders, so make sure to take advantage of it if it is being held. It is especially worth checking out for those engaged in short-term trading, such as scalping or day trading.
Friend and Family Referral Campaign
FX brokers can generate more revenue if more people trade with them. For this reason, some FX brokers hold campaigns where they offer cash or points for each friend or family member you refer. If the conditions are met, both the referrer and the referred party can receive cash or points, making it beneficial for both sides.
Additionally, friend and family referral campaigns tend to be held on an ongoing basis. If someone close to you is considering starting FX trading, try inviting them using a friend and family referral campaign.
Luxury Prize Giveaway Campaign
Some FX brokers hold campaigns where you can exchange accumulated points for luxurious prizes. These prizes include high-spec smartphones, high-quality food items, and more. If you are interested, check the official website of the FX broker.
However, this type of campaign is often targeted at those who trade continuously. It is rarely held for new account holders, so be careful not to misunderstand.
How to Recieve FX Cashback Effectively
If you’re going to receive FX cashback, many people would want to do so in the most advantageous way possible. In that case, try to deposit as much money or trade as many lots as you can. Using point rewards sites or targeting event periods is also recommended. Here, we’ll explain the details of such “ways to receive cashback effectively.”
Deposit as Much Money as Possible
There are various types of cashback campaigns, but one of the most common is the “100% Deposit Cashback” campaign. This is a bonus where 100% of the amount deposited into your investment account is returned as cashback.
For example, if you deposit 50,000 yen, an additional 50,000 yen will be granted as a bonus. If you deposit 200,000 yen, an additional 200,000 yen will be granted. Compared to the former, the latter gives you 150,000 yen more, so it’s better to deposit as much money as possible.
Use a Point Rewards Site
A point rewards site is a platform where you can earn unique points by going through specific pages. For example, by going through Point Rewards Site A and opening a new account, you can receive cashback ranging from several thousand yen to tens of thousands of yen.
By using these sites, you can earn several thousand to tens of thousands of yen more than regular users. Most point rewards sites are free to register and use, so make sure to take advantage of them. It’s recommended to use well-known and reputable point rewards sites.
Target Event Periods
Beneficial cashback campaigns are held frequently. No matter when you open a new account, you’ll likely receive cashback. However, during specific event periods, such as the start of a new fiscal year or bonus payment seasons, the cashback amounts tend to increase.
Simply changing the timing can make a difference, so if the timing works for you, aim for these event periods.
Points to Note When Receiving FX Cashback
FX cashback campaigns are advantageous, so you should generally take advantage of them. However, there are a few points to keep in mind when receiving cashback. To avoid any mistakes, make sure to understand these precautions in advance.
Carefully Check the Eligibility Requirements
To receive FX cashback, you must meet the eligibility requirements set by the FX broker. Common conditions are summarized in the table below for your reference, but the specifics vary depending on the broker. Therefore, be sure to visit the official website to confirm the exact requirements.
| Types of Cashback | Eligibility Requirements |
|---|---|
| Account Opening Bonus | Open a New Account |
| Deposit Bonus | Deposit a Certain Amount or More (with a Limit) |
| Trading Bonus | Hold a Certain Amount of Positions in Specific Currency Pairs |
Access Through the Dedicated Page
Some FX brokers provide a dedicated page for cashback campaigns. In such cases, you won’t be able to receive the cashback unless you access it through the dedicated page. Be sure to check if a specific page has been set up.
Carefully Check the End Date
While some campaigns, such as friend and family referral campaigns, are held year-round, there are also cashback campaigns that are limited to a specific period. Always confirm the end date and make sure to meet the conditions by the deadline.
One critical point to note is the “completion requirement.” Some FX brokers consider it sufficient if you apply for an account by the end date, while others require the entire account opening process to be completed by the end date. Along with the campaign’s end date, make sure to check the completion requirements as well.
Receive Cashback Only Through Legitimate Methods
There are loophole-based tricks for receiving cashback. These tricks are periodically discovered and may appear in the information you come across while researching FX. While they may seem very appealing, you should absolutely avoid using them. Most FX brokers prohibit the use of such tricks, and if discovered, you risk penalties.
If deemed malicious, your account may be suspended. In the long run, this will only harm you, so always receive cashback through legitimate methods.
Campaign Exploitation Comes with High Risks
Recently, many FX brokers have been offering quite extravagant cashback campaigns. Participating in all of these campaigns could allow you to receive hundreds of thousands of yen in cash or points. However, opening accounts solely for the purpose of receiving cashback carries significant risks, so be cautious.
In such cases, if deemed malicious, you may be barred from registering for other services provided by the broker. Ultimately, this will only harm you, so avoid exploiting campaigns.
Check Expiration Dates and Conditions for Forfeiture
Cashback provided in the form of credits or points usually comes with expiration dates or conditions for forfeiture. If the expiration date passes, the credits or points you earned will disappear, resulting in a loss. To avoid this, check the expiration dates and forfeiture conditions before receiving the cashback.
How to Make the Most of FX Cashback
Once you receive FX cashback, make the most of it by trying various trading styles and markets. Deliberately engaging in high-risk trades can also be an option. Even if you don’t follow the methods introduced here, as long as you act with a purpose, the cashback won’t go to waste. Let’s dive into the details of “how to make the most of cashback.”
Try Various Trading Styles
In FX, there are three main trading styles: “scalping,” “day trading,” and “swing trading.” Which one is recommended depends on the individual, so try all trading styles at least once. However, for those who may find it difficult to choose, here’s a brief overview of each style:
・Scalping: Low risk, low return. Allows you to make use of spare time effectively.
・Day Trading: Medium risk, medium return. Enables efficient use of funds.
・Swing Trading: High risk, high return. Requires capital to be tied up but offers the potential for significant profits.
Trade in Multiple Markets
FX has four main markets: the “Wellington market,” “Tokyo market,” “London market,” and “New York market.” Each market has different chart movements and effective strategies. Use your cashback to trade in various markets and find the one that suits you best.
Find the Currency Pair That Suits You
FX offers a variety of currency pairs, such as USD/JPY and AUD/JPY. Just like markets, each currency pair has its own characteristics, so explore which one works best for you. Currency pairs are broadly divided into two categories: “major currencies” and “minor currencies.” For FX beginners, it’s recommended to start with major currencies, as their price movements are easier to predict, and then find the currency pair that suits you.
Deliberately Try High-Risk Trades
In general, high-risk trades are considered a no-go in FX. However, if you’re using cashback, deliberately trying high-risk trades can be a good idea for the following reasons:
・Making critical mistakes can strengthen your risk management skills.
・Even if you fail, you’ll only lose the cashback, so there’s no real damage.
There’s a significant difference between knowing risky behavior as knowledge and actually experiencing it. If you want to improve your risk management and asset management skills, use your cashback to try high-risk trades. However, as a final note, always ensure that high-risk trades are conducted strictly “within the amount of cashback you’ve received.”
Summary
This time, we explained “FX cashback.” Cashback is an extremely advantageous campaign. Depending on the FX broker, you can receive tens of thousands to hundreds of thousands of yen in cash just from cashback campaigns.
It can serve as part of the funds to give you an edge in trading, so make use of the campaign if it’s available. However, you must meet the conditions to receive it. Be sure to check the expiration dates and forfeiture conditions carefully to avoid any losses.