TL;DR — You don't need to open a new account or switch brokers to start earning cashback on your forex or gold trades. Expaid lets you register your existing trading account, and you'll receive a per-lot rebate on every trade you make, win or lose, without changing how you trade.
Why you can keep your current broker and still get cashback
Many traders assume that cashback programs require opening a fresh account with a different broker. That's a common misconception. Expaid works as an introducing broker (IB) that partners with many well-known brokers. When you register your existing account with Expaid, we simply attribute your trading volume to our partnership with your broker. This means you continue trading exactly as you always have—same platform, same spreads, same execution—but now you earn a rebate on every lot you trade.
This is a significant advantage. You don't have to go through the hassle of transferring funds, learning a new platform, or adjusting your strategies. Your trading routine stays intact, and you simply add a cost-saving layer on top.
How to add cashback to your existing account
The process is straightforward and typically takes just a few minutes. Here's what you need to do:
- Check if your broker is listed on our rate board.
- Click on your broker and follow the registration link to create an Expaid account (or log in if you already have one).
- During registration, you'll be asked to link your existing trading account—this usually involves entering your broker account number or verifying ownership.
- Once your account is linked and verified, you're ready to trade as usual. Cashback accrues on each lot you trade, and we pay it out daily.
There's no need to close your current account or move your funds. You keep full control of your money, and Expaid never holds client funds.
Does adding cashback change your spreads or execution?
No. When you register your existing account through Expaid, your broker continues to provide the same trading conditions you already have. Your spreads, commissions, leverage, and execution speed remain unchanged. The cashback is a separate rebate that your broker pays to Expaid as a referral fee, and we pass most of it back to you. It does not affect your trading environment in any way.
Some traders worry that cashback might be a trick or that brokers might widen spreads to compensate. In reputable programs like Expaid, the broker's arrangement with the IB is independent of your trading conditions. You can verify this by checking your account statement—your spreads and costs should be identical to what they were before.
What about new accounts? When does it make sense to open one?
While adding cashback to an existing account is usually the best option, there are a few scenarios where opening a new account might be beneficial:
| Scenario | Recommendation |
|---|---|
| Your broker is not partnered with Expaid | Consider opening a new account with one of our partner brokers to start earning cashback. |
| You want better trading conditions | Some partner brokers offer tighter spreads or lower commissions; you might switch to improve cost efficiency. |
| You have multiple accounts | You can link all of them to Expaid, but ensure each is registered correctly. |
| You're happy with your current broker | Stay put—just register your existing account and start earning cashback. |
In most cases, however, adding cashback to your existing account is the quickest and least disruptive way to lower your trading costs.
In our view — Loyalty to a broker you trust is valuable. Cashback shouldn't force you to change what works. By allowing you to register your existing account, Expaid respects your trading choices while still helping you cut costs. That's the way it should be.
Common myths about cashback on existing accounts
There are several misconceptions that prevent traders from taking advantage of cashback. Let's address them:
- Myth: Cashback is only for new clients. False. Many brokers allow existing clients to be attributed to an IB retroactively, as long as they haven't already been referred by another IB.
- Myth: Cashback will reduce my broker's support quality. Your relationship with the broker remains unchanged. You still contact them for support, and they treat you the same.
- Myth: I'll have to verify my identity again. You might need to complete a quick ownership verification, but it's usually less extensive than a full KYC check.
- Myth: Cashback is only for high-volume traders. Even if you trade a few lots a month, the rebate adds up over time. It's free money for trades you're already making.
How much can you realistically save?
The exact rebate rate depends on your broker and account type. To give you an idea, let's say the rebate is, for example, $5 per lot. If you trade 10 lots a month, that's $50 back in your pocket—without changing anything about your trading. Over a year, that's $600. For active traders, the savings can be substantial.
You can check the current rebate rates for your broker on our rate board. And if you want to estimate your monthly cashback based on your trading volume, use our cashback calculator. It's a handy tool to see exactly how much you could earn.
Where to go next
Ready to start earning cashback on your existing trades? Head over to our brokers page to see if your broker is listed, or sign up now and link your account in minutes. If you have questions about how it works, visit our how it works page or read more guides in our blog.