When comparing FX cashback sites, many people tend to choose based solely on the “cashback rate.” However, since the way cashback rates are calculated varies from site to site, a simple comparison of the numbers alone won’t tell you how much you’ll actually receive. On this page, we’ll explain the four key factors to consider when comparing cashback sites and how REBATE ONE stacks up against them.
[Conclusion] There are four key points to compare: (1) whether there is a markup, (2) the rebate rate and conditions for eligible transactions, (3) ease of withdrawal, and (4) transparency of operations. Even if the rebate rate appears high, if there is a markup added to the spread, the actual amount you receive will be reduced.
Comparison Criteria 1: Presence or Absence of Markup
Some cashback sites add their own markup to the spread in order to make the cashback rate appear higher. When a markup is applied, you end up paying a wider spread than usual on every trade, which means that part of the “high cashback rate” is actually just a refund of the extra costs you paid.
The key point to compare is whether the trading conditions for an account opened through that site are the same as those for an account opened directly with the broker. REBATE ONE does not apply any markups, so you can receive rebates while maintaining the same trading conditions as the broker’s standard account. For more details, please see “What Is a Markup? How Spread Markups Work.”
Comparison Criteria #2: Cashback Rate and Eligibility Requirements for Transactions
Even within the same broker, the rebate rate varies depending on the account type and security. Additionally, conditions such as “Trades made while using a bonus are not eligible” or “Cryptocurrencies are not eligible” differ by website. Rather than focusing on the advertised maximum rebate rate, please compare the rebate rates and conditions specific to the securities and account types you actually trade. REBATE ONE publishes its rebate rates by security and account type on the individual pages of its list of supported brokers (16 firms).
Comparison Criteria #3: Ease of Withdrawal
Whether you can actually receive your accumulated rebates depends on the minimum withdrawal amount, the withdrawal method, and the number of days it takes to process the withdrawal. If the minimum withdrawal amount is set extremely high, your rebates will continue to accumulate without you ever actually being able to receive them. REBATE ONE’s rebates are credited either directly to your trading account by the provider or added to your My Page balance, from which you can withdraw them by submitting a withdrawal request. Withdrawals are supported in USDT (TRC20/ERC20) or peska.
Comparison Criterion ④: Transparency of Operations
Since cashback sites are services you use over the long term, it’s important that they disclose operational information, respond to inquiries, and provide clear notifications when terms and conditions change. Three key factors to consider when evaluating a site are whether the operating company’s information is publicly available, whether the cashback terms are clearly stated, and whether inquiries are answered. For specific ways to identify risky services, see our detailed guide, “How to Choose a Cashback Site: 7 Checkpoints.”
REBATE ONE Specifications by Comparison Category
| Comparison Criteria | In the case of REBATE ONE |
|---|---|
| Markup | None (same terms as the provider's standard account) |
| Number of Partner Companies | 16 FX and CFD Firms |
| Disclosure of the Rebate Rate | Published on each broker's page by stock and account type |
| Receiving a Refund | Credited directly to your trading account or added to your My Page balance → Request a withdrawal |
| Withdrawal Methods | USDT (TRC20/ERC20) · peska |
| Usage Fees | Registration and use are both free |
| Operational Information | Publishing Information About the I18N0 and Editorial Policy |
FAQ
Why not just choose the site with the highest cashback rate?
Unless you check whether a markup is applied and the eligibility criteria, you can’t make a fair comparison based solely on the rebate rate. The most accurate way to compare is by looking at the amount you actually end up with after a trade (spread minus rebate).
Can I use multiple cashback sites at the same time?
Only one cashback service can be linked to a single trading account. Depending on the broker, you may be able to switch by changing the linked account or opening an additional account.