I've just made my 3rd withdrawal today with this service. Overall very good quality of service. The one major problem is when you withdraw funds to Paypal, you get charged a small fee from Paypals' side which doesnt stick well with me. They could also add a 'Withdraw to Credit Card' option and that would improve the overall experience for me. Otherwise totally recommended!
TradingwithDee posted: Customer support is not great. Have an open issue since Nov 14 and still no one is replying. Monthly payments are getting later and later.
Dear Dewald, I see that you received a reply to the emails you sent to us. As for the payment, the broker had an issue with the withdrawal process. Nevertheless, the issue has been resolved and the payment has been released.
The rating buttons are not user friendly, I wanted to them 5/5 but those buttons messed up everything. I love them, I use my rebates to pay for my dedicated VPS. Unfortunately I cannot fix that finger error, but they are the best. I recommend to any trader who wants to make money. I trade with an ECN account charging $7 per lot size and on top of that I am a high frequent trader, so you can imagine how many $7 am I paying but PaybackFX got my back, I get my share back from those $7 commission charges.
I have used it for a bit over a month through IC Markets and I'm very happy with it. I was even able to withdraw my first 100 dollars + the 10 dollar bonus. I am a little dissapointed that I couldn't combine the bonus and little extra I got from an old account because you need to reach 100$ per broker account not in your paybackfx account.
Besides that small let down I can't say they didn't deliver. I earned over 100$ at the end of October and by the 4th of November they validated that income and I was able to withdraw it through Paypal. Unfortunately Paypal charges a 4.4% fee but that's not paybackfx's fault. Though it would be nice if they supported credit cards.
Overall, I can't really complain. Unlike what some reviews might suggest they stick to their schedule (for now). Time will tell if they are always this correct. But for now: 5/5.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.