Mountain Expedition Forex Live Contest

Loyalty programs are a common way for brokers to reward active traders, but many of them pay out in points that are hard to convert into money. The Loyalty Cashback promotion described here takes a different approach. Under the ForexTime Rewards Loyalty program, your rewards come as withdrawable cashback rebates, and the promotion advertises $4 cashback for every lot you trade.

This guide explains how the promotion works, who can join, and what to check before you take part.

What Is the Loyalty Cashback Promotion?

The Loyalty Cashback promotion is a rewards scheme for active traders. Instead of loyalty points that must be redeemed for small prizes, the program pays withdrawable cashback rebates. In other words, the cashback you earn is designed to be yours to withdraw, subject to the promotion's terms.

The headline offer is $4 cashback for every lot you trade. Rebates like this are usually calculated on trading volume, so the more you trade within the program's rules, the more cashback you can accumulate. Trading volume is measured in lots, and one standard lot is 100,000 units of the base currency. Check the Conditions page for how lots are counted on each account type and instrument.

Who Can Take Part?

The promotion is open to all customers. That means you do not need to be a new client to join, although you do need to meet the steps set out in the program's rules. Before you start, confirm that your account is eligible and that you are trading on an account type covered by the promotion.

How to Join and Start Earning

The sign-up process is straightforward, but each step matters:

1. Register for an account. You will need a live trading account with the broker running the promotion.
2. Join the promotion in MyFXTM. Enrolment takes place inside the client area. Make sure you complete this step, because trades placed before you join may not count toward your rewards.
3. Read and accept the Terms & Conditions. The rules set out how cashback is calculated, when it is paid and what can disqualify your account.
4. Make a deposit. Your deposit amount determines which reward level you qualify for.
5. Trade and receive cashback weekly. Cashback is credited on a weekly basis, according to the program's rules.

Understanding the Five Reward Levels

The Loyalty Cashback promotion works with levels. Depending on how much you deposit, you enter one of five levels. Higher levels are linked to larger deposits, and the level you reach affects the rewards you receive.

The level thresholds and the exact cashback rates for each level are not repeated in this article, because they are set out in the program's Conditions. Read that page carefully before you deposit, so you know which level you are aiming for and what it requires. Rules like these can change, so always rely on the current figures published by the broker.

How Long Does the Program Run?

The promotion is described as a continuous rewards program that runs for 6 months. This gives active traders a longer window to earn cashback, rather than a one-off bonus. Check the official start and end dates on the promotion page, as these determine when your trading counts toward rewards.

You can view the full promotion details here: Loyalty Cashback Promotions

Things to Check Before You Join

Cashback can make a trading account more attractive, but it should never be the main reason you open a position. Keep these points in mind:

• Read the Conditions in full. Eligibility rules, minimum deposits, lot calculations, withdrawal requirements and exclusions all affect what you actually receive.
• Confirm the broker name. The promotion refers to ForexTime and MyFXTM, while the link above leads to a different landing page. Before you deposit, check on the broker's official website that the offer is run by the company you are dealing with, and that it is regulated in your region.
• Factor in trading costs. Spreads, commissions and swaps reduce your net result. A rebate only helps if it exceeds the costs of the trades you place.
• Manage your risk. Trading forex and CFDs on leverage carries a high risk of losing money. Only trade with funds you can afford to lose, and never increase your position size just to reach a higher cashback level.

Final Thoughts

The Loyalty Cashback promotion offers a clear reward structure: withdrawable cashback, a six-month program and a tiered system linked to your deposit. For active traders who were already planning to trade, it may be worth a closer look. For everyone else, the cashback is not a reason to trade more than you intend.

Before you sign up, read the full Terms & Conditions, confirm the broker's details on its official website and make sure the program fits your trading plan and risk tolerance.

Frequently Asked Questions

Is the cashback really withdrawable?

The promotion describes its rewards as withdrawable cashback rebates, which is different from loyalty points. However, any withdrawal may still depend on the program's conditions, so check the rules on how and when cashback can be withdrawn.

Do I need to join the promotion before I start trading?

Yes. The process requires you to join the promotion in MyFXTM and accept the Terms & Conditions. Trades placed before enrolment may not qualify, so complete this step first.

How is the cashback paid?

Cashback is credited weekly according to the program's rules. The exact calculation, including how lots are counted, is set out in the Conditions page.

How many reward levels are there, and how do I reach them?

There are five levels, and your level depends on how much you deposit. Review the Conditions to see the requirements for each level before making a deposit.

Can I lose money with this promotion?

Yes. Cashback reduces your trading costs but does not protect you from losses. Trading forex and CFDs on leverage carries a high risk of losing money, so trade responsibly and only with funds you can afford to lose.