Ninjay vs PaybackFX vs FXStreet vs CashbackForex
If you trade with XM and are looking at cashback options, this page compares the main cashback providers traders usually come across when searching for XM rebates.
Same broker. Same trades. The difference is how much of your trading cost comes back to you and how it is paid.
How XM Cashback Works
When you trade with XM, you pay trading costs through the spread or commission.
Cashback is simply a portion of that cost returned to you after the trade is closed.
The broker, pricing, and execution do not change. What changes is who your IB is and how much of the commission they return to you.
XM Cashback Providers Compared
| Cashback Provider | Cashback Share | How Cashback Is Paid | Payout Timing |
|---|---|---|---|
| Ninjay | 80% | Credited directly to XM account | Daily |
| PaybackFX | 75% | Paid to cashback site, then sent to trader | Monthly |
| FXStreet | 60% | Paid to cashback site, then sent to trader | Monthly |
| CashbackForex | 60% | Paid to cashback site, then sent to trader | Monthly |
Percentages are based on publicly available XM rebate listings and standard IB structures. Exact figures may vary by account type and trading volume.
With Ninjay, cashback is credited directly into your XM account, which means faster payouts, fewer transaction steps, and no need to share payment details with a third-party cashback site.
XM Cashback Explained With Real Numbers
To make the comparison easier to understand, we use published per-lot cashback values and apply the same assumptions to every provider.
These examples are illustrative, but the relative differences remain consistent.
Cashback Per Lot Comparison
| Cashback Provider | EURUSD Cashback per Lot | Gold Cashback per Lot |
|---|---|---|
| Ninjay | $7.20 | $8.00 |
| PaybackFX | $6.75 | $7.50 |
| FXStreet | $5.50 | $5.50 |
| CashbackForex | $5.50 | $5.50 |
Monthly Cashback Examples
The examples below assume 20 trading days per month and apply the same trading volume across all providers.
Example 1 – 1 Lot Per Day
Approximately 20 lots per month
| Provider | EURUSD Cashback | Gold Cashback |
|---|---|---|
| Ninjay | $144 | $160 |
| PaybackFX | $135 | $150 |
| FXStreet | $110 | $110 |
| CashbackForex | $110 | $110 |
Example 2 – 3 Lots Per Day
Approximately 60 lots per month
| Provider | EURUSD Cashback | Gold Cashback |
|---|---|---|
| Ninjay | $432 | $480 |
| PaybackFX | $405 | $450 |
| FXStreet | $330 | $330 |
| CashbackForex | $330 | $330 |
Example 3 – 5 Lots Per Day
Approximately 100 lots per month
| Provider | EURUSD Cashback | Gold Cashback |
|---|---|---|
| Ninjay | $720 | $800 |
| PaybackFX | $675 | $750 |
| FXStreet | $550 | $550 |
| CashbackForex | $550 | $550 |
This difference compounds over time without changing your broker, platform, or strategy.
Important Notes
- Cashback amounts vary depending on market conditions and execution
- Examples are based on published per-lot rebate values
- Cashback is generated only after a trade is closed
- Relative differences between providers remain consistent
Looking for Full XM Details?
This page focuses on cashback and rebates.
If you want full XM company details, platforms, account types, pricing tables, and supported instruments, you can view the complete XM broker overview here.
How Cashback Is Paid
Most Cashback Websites
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XM pays IB commissions to the cashback website
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The cashback website aggregates payouts
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Cashback is sent to the trader, usually once per month
This adds delays and separate payment handling.
How Ninjay Cashback Works
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Cashback is credited directly by XM into your XM account
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No third party payout step
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No separate cashback account
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No additional payment details
Cashback is credited daily.
Once credited, you can withdraw it or move it into your trading account and use it as margin.
How to Receive XM Cashback With Ninjay
Open a New XM Account
Use the Ninjay partner link and your account is automatically linked for cashback.
Transfer an Existing XM Account
If you already trade with XM, you can request to move your account under Ninjay.
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This is possible if you joined XM as a direct client or through another IB
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In most cases, your existing active trading account can be moved
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You can also open an additional trading account and have that account linked to Ninjay
Your account, balance, and trading history stay the same.
Only the IB changes so cashback can be applied.
Note:
If your current trading account is linked to a strategy provider or managed service, that specific account cannot be transferred. In that case, an additional trading account is required.
Who runs Ninjay
Ninjay is run by industry professionals with direct experience working with brokers and rebate structures.
We focus on clear numbers and plain explanations because we understand how cashback works behind the scenes.