For investors who regularly participate in foreign exchange transactions, backcom programs are certainly no stranger. So what exactly is an Exness backcom? How to participate in this program? Let’s learn more details about EX Trading in the shares below. 

Learn about what Exness backcom is.

Before participating in this program, traders definitely need to clearly understand the information below.

What is Backcom Exness?

Surely you have heard about backcom but do not have clear information about this program. Backcom is the acronym for Back Commission. 

You can simply understand, this is a commission refund program for both traders and brokers. IB will have the role of introducing and convincing investors to participate in trading on Exness. 

At that time, investors will register an account, deposit money, and participate in trading. The more orders a trader executes and the larger the deposit, the IB will receive attractive commissions. 

The commission level that traders and brokers receive will be based on the previous exchange between the two parties. 

Who is Exness Backcom for?

This program will apply to investors participating in trading through Introduction Broker (IB). Investors will participate in actual transactions through the link provided by IBs.

IBs will receive commissions based on the amount of money investors make. At the same time, investors will also receive a refund based on the commission that Ib receives. 

When does backcom money arrive in my account?

At this point, you probably already know what an Exness backcom is. So when will traders receive commissions? Currently, there are two forms of receiving commissions:

• Manual backcom: At that time, Trader and IB will discuss commissions, payment methods, and payment time. 
• Automatic Backcom: With this form, investors will receive regular refunds every day from 11:30 to 14:00.

Why should you participate in Exness backcom?

It can be seen that Exness backcom is a beneficial program for both investors and IBs. When participating in trading, IBs and traders will both receive attractive refunds. 

Traders will receive support and guidance from IBs when participating in transactions. IB will receive a commission based on the amount that traders place orders. 

See more: Open Exness Account: Latest guide for new traders

What is the operating mechanism of backcom on Exness?

If you are interested in what Exness backcom is, you can refer to the information below. 

How does Exness trading refund work?

To better understand Exness trading refunds, you can refer to the following example. You place an order for 1 lot of XAU/USD. The amount of commission Exness rewards IB when you close an order will depend on the type of account used. Specifically:

• Exness Standard: 8$.
• Exness Standard Plus: $15.
• Exness Pro: $3,125.
• Exness Zero and Raw: $3.25

At this time, IB will take the above commission amount and multiply it by the previously agreed refund %. It will then be sent back to the investor’s account. This is a program that benefits both sides. 

If you do not register to trade through IB, you will still pay a fee to the exchange. Meanwhile, if you trade through IB, you will receive a commission refund after each successful order. 

How much is the Exness backcom refund fee?

Currently, there is no general regulation on the percentage of money returned to traders when participating in the backcom program. The commission percentage will be decided based on calculations and agreements between the two parties. 

Normally, to create relationships with traders, IB often offers attractive commission percentages. According to EX Trading’s survey, the refund fee percentage will range from 90 – 95%. 

How to participate in the Exness back com program

To better understand how to participate in the Exness backcom, investors can refer to the instructions below. 

Step 1: Find a reputable and quality broker 

For new investors, trading through IB is extremely convenient. IB will introduce you to information about the exchange, and instructions on creating an account, depositing money, and placing orders,…

However, not all IBs have the expertise and responsibility to support traders. Therefore, you need to take the time to learn and exchange information right from the beginning. For example: % refund, transaction form, payment time,… This will help investors avoid unnecessary risks. 

Step 2: Create an Exness account

After you have firmly grasped the information about what Exness backcom is, the next thing is to open a trading account. You just need to access the official link and select Start Trading.

Registration information includes:

• Country: Fill in the country of residence. 
• Your email address: Fill in your personal email address correctly.
• Password: Requires a password of 8 – 15 characters including lowercase and uppercase letters and numbers. 

Next, fill in Continue to move to step 3. If you want to delete Exness account, you can see it here.

Step 3: Connect with a broker

After accessing the exchange, you will find the Partnership section, also known as the Exness Partner partnership. In the “Your Partner Link” section, traders will copy the IB affiliate link or enter the code.

Note: The link or code needs to be accurate. Make sure there are no errors to avoid confusion with other brokers. 

Step 4: Participate in order matching

The final step is to make a deposit and participate in trading. The more money investors participate in trading, the more attractive the commissions that IBs and traders receive. After completing these steps, investors have officially registered for the cashback program successfully. In upcoming transactions, you will receive a % commission refund from the previously cooperated IB. 

See more: The most detailed overview of the Broker Exness

Conclude

Thus, the article has compiled information related to the backcom program. From there, help investors find the answer for themselves: What is Exness backcom? If you want to participate in this attractive cashback program, don’t hesitate to follow the instructions shared above. EX Trading wishes investors success and luck in the upcoming trading sessions. 

Frequently asked questions

Besides wondering what an Exness backcom is, investors may encounter a few of the following problems. Refer now.

Does Exness pay backcom refunds to investors?

The answer is No. The person who pays your refund will be the IB. As for the refund percentage, payment method and payment time will be mutually agreed upon by both parties. 

Is the refund % adjustable?

In fact, the backcom setup will be done on the IB management account. This means, that only IB can intervene in the refund %. Therefore, you should regularly check the refund amount to ensure the percentage is not cut off by IB. 

Does Backcom offer a 100% refund?

Nowadays, most reputable brokers will agree to a refund % of around 95%. In the case of 100% refund advertising, it is almost a scam. 

If a 100% refund is given, it means IB will not receive any money when the trader trades. This is extremely unreasonable. 

To reach traders and attract many investors, IB had to invest a lot of money. Specifically, expenses related to advertising costs, gifts, customer care,…

So, stay away from Exness Backcom ads 100% to avoid being scammed by bad people.