PayBackFX.com Review

Use their service for three months. so far no problems, pay everything on time.
I would recommend adding more brokers to the service.

This is my second review on this company. Although they're paying with purposely delayed, this website is definitely untrusted. PAYBACKFX will hold your funds and push the blame to broker late payment. For my experience, I'm using XM and rebate with PAYBACKFX. After 2 months with them, I found out they withheld your fund and blame broker for late payment. Hence, I try to ask my broker and there's no such things of delay payment to their IB. Then I start to more in-depth research on review websites and found out there are a lot of complaint on this website. In Forexpeacearmy, PAYBACKFX unable to delete comments, that's why they have extremely low rating. On other website, they will delete all those negative reviews about them and my reviews obviously deleted by them on another website, hence some remains with high ratings. Furthermore, they hire spam cat too as we can see on FPA here to give them high rating reviews, so it wouldn't surprise me if they hire some spam cats to post good reviews that not as strict as FPA here.

After finding out this untrusted website does so many fishy under table work, I decided to immediately change my trading account to another rebate platform. Then only I found out XM rebate actually provide fully automation rebate payout and twice a week. But in PAYBACKFX, you have to wait around 50 days to get your previous 30 days trading rebates. Whenever you ask them, they will just blame broker late payment.

Although they do pay, but PAYBACKFX is definitely an untrusted and a company full of excuses also lie. Of course, this long review I am doing is sharing my experience also to warn FPA members using this company at your own risk.

Apr 10, 2023 - 1 Star As per many reviewers mentioned, they definitely withheld your rebate at pending although broker do pay them on time. XM pay their IB weekly and there shouldn't be any excuses that they don't pay on time as mentioned 1st to 10th every month. They will blame broker for not paying them on time. I do checked with my broker and there's nothing wrong on their end.

There's many other rebate choices website out there and I guess it's time to CHANGE after 2 months.

They approved my account, and update my rebate balance, they work different time zone that why reply my chat delay.

Dec 21, 2022 - 1 Star I signed up with them, and request change IB follow they rule and my broker approved, but their site still pending status.
I tried contact them via email, but no response poor customer support.

I received the withdrawal via EUR bank transfer less than 24 hours after I created the withdrawal request.
Everything is perfect with this service except the fees for EUR bank account transfers are too high. The fees are 40 USD + the exchange rate from USD to EUR is ~3% lower than the real market rate, so the fees are around 40 USD + 3%.

Apr 22, 2021 - 5 Stars I completed the entire process from account verification to withdrawal - received the money in my Skrill account in less than 15 minutes.
Account verification and withdrawal to Skrill's account were almost instant.
Thanks for the great service!

Reply by PAYBACKFX Support submitted Nov 14, 2021 Thank you for your feedback!

Real and honest. Trade and you will get paid. Hope this service will continue as it helps with expenses.

I have successfully been using paybackFx for over 4 months now... Withdrawal to skrill takes less than 2Hrs. I have withdrawn just over 1000$ rebate through them. My experience so far has been amazing... I have referred them to several of my friends.

OMG.. it really feels like free money!! This guys are for real!! I cross with the information about them complaining about other service.. suspicious at first.. but no risk to try it and TG I did. Just got today my first money back!! Hope this goes on..

I used ctrader to trade, I think the payback for ctrader is lower than mt4/mt5, but it's ok. Thanks for your service.

I traded for 3 months with icmarkets and connected my account to their service and got paid accordingly. my withdrawal took less than 30 minutes. it was $58.79 and I got it on Skrill.

Today marks exactly 1 month of no updates from PaybackFX - all rebates earned from trading for the months of Oct and November has been paid to PaybackFX as per the broker's feedback, but now PaybackFX fails to pay these rebates to their clients. I am not sure if they actively still promoting to join their services, but I would not recommend their rebate program at this stage based - rather search for another rebate provider that will honor their rebate agreement.

Nov 17, 2021 - 1 Star My portfolio with FBS has not updated since Oct 25th - yes 3 weeks. Sent multiple emails to only get a line response after a few days to say " they working on it". According to FBS they have no issue on their side. Is this a way to delay rebate payments? I dont know but with a delay of 3 weeks and who knows when it will be updated or even IF it will be updated as the support cannot say what the issue is, it will almost be impossible to check 3 weeks + worth of data if the correct rebates have been calculated. I use to be a fan of the rebate program but i think for new accounts, It would be more reliable to use the actual broker's rebate / promo program. In this case, 100% FBS has made the rebate payments to PaybackFX but whether we will see those rebates, only time will tell.....