How to Combine Forex Cashback with Copy Trading (2X Earnings)
In the evolving world of forex trading, traders are constantly seeking new ways to maximize profits and reduce risks. Two strategies have grown immensely popular in recent years: forex cashback and copy trading. Individually, they offer value—but together, they can become a powerhouse for passive income.
Here’s how to combine them for 2X earnings potential.
What is Forex Cashback?
Forex cashback is a rebate given to traders for every lot they trade. Whether you win or lose a trade, you still receive a portion of the spread or commission back—typically ranging from $2 to $7 per lot depending on the broker and account type. It’s a way to reduce overall trading costs and increase net returns.
What is Copy Trading?
Copy trading allows beginners or busy professionals to automatically mirror the trades of experienced traders. Platforms like XM’s Mirror Trader, or third-party systems such as Myfxbook AutoTrade and ZuluTrade, connect your account to a signal provider. When they place a trade, the same trade is executed in your account proportionally.
It’s hands-free trading for those who want to benefit from others’ expertise.
The Power of Combining Both
Combining forex cashback with copy trading means you not only profit from the performance of the copied trader—but also earn cashback on every trade they make in your account.
Example:
- A copied trader executes 50 lots in a month.
- You receive $5 per lot cashback.
- That’s $250 passive cashback, even before counting actual trading profits or losses.
Step-by-Step Guide to Set It Up
1. Open a Compatible Forex Account
Choose a broker that allows both cashback and copy trading. XM is a great option as it supports both features through select accounts and affiliates.
2. Register Through a Cashback Portal
Sign up with a trusted cashback provider (e.g., Forex Cashback Rebate sites) before creating your XM account. This ensures you’re tagged for rebates.
3. Link Your Account to a Copy Trading Platform
Use XM’s official tools or external services like Myfxbook or ZuluTrade. Choose a verified, consistent trader to follow.
4. Monitor Lot Volume and Cashback
Your cashback is based on lot size, not profit. Even during losing weeks, you’ll still earn cashback from trading activity.
5. Withdraw or Reinvest
Cashback is usually paid weekly or monthly. You can withdraw it directly or compound your account by reinvesting it into future trades.
Key Benefits
- ✅ Double Income Sources: Earn from copy trading and cashback simultaneously.
- ✅ No Trading Experience Required: Let expert traders do the work while you enjoy passive earnings.
- ✅ Lower Risk, Higher Potential: Cashback offsets potential drawdowns from the copied strategy.
- ✅ Fully Automated: Once set up, the process runs with minimal intervention.
Watch Out For These Pitfalls
- ❗ Signal Provider Quality: Choose a provider with a proven track record. Don’t chase high returns with no risk management.
- ❗ Account Type Restrictions: Some brokers only allow cashback on specific account types.
- ❗ Volume Overload: Some providers overtrade to boost commissions, which could erode your capital despite cashback.
Tips to Maximize Earnings
- Choose a high-volume, low-risk trader to copy. More trades = more cashback.
- Opt for Standard or Ultra-Low Spread accounts with solid cashback rates.
- Use a cashback tracker dashboard to watch real-time rebate stats.
- Reinvest cashback monthly to compound results over time.
Final Thoughts
Forex cashback and copy trading don’t just coexist—they complement each other. When used smartly, they create a dual-income stream where you benefit from both market movements and trading volume. This combo is perfect for passive investors, beginners, and even seasoned traders looking to optimize returns.
In the world of forex, where every pip and every cent matters, doubling your income streams without doubling your risk is a true edge.
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