The forex trading industry is undergoing a quiet but significant transformation. At its centre is a shift in how trading costs are distributed — away from the exclusive benefit of brokers and institutional affiliates, toward the individual traders who generate the volume that makes those revenues possible. Say Affiliates is one of the platforms accelerating this shift, and it is doing so by redefining what a cashback company looks like in the modern trading landscape.
Say Affiliates was founded with a specific thesis: the retail forex industry had a structural problem. Spread revenue was being distributed to everyone except the person who paid it — the trader. Brokers kept a margin. IBs kept a commission. Technology providers took a fee. The only participant in the transaction who received nothing back was the trader who executed the trade.
The Industry Before and After
- Cashback only for institutional IBs
- Opaque rates and hidden conditions
- No real-time tracking of rebates
- Fragmented — one programme per broker
- Retail traders paid full spreads always
- Professional tools behind paywalls
- Cashback available to all retail traders
- Published, transparent cashback rates
- Real-time dashboard — every trade tracked
- One account for 100+ broker partners
- 50–80% of spread cost returned monthly
- 5 professional tools free for all users
The Four Pillars of Redefinition
The Vision: Cashback as Standard
Say Affiliates' long-term vision is for forex cashback to become a standard expectation in retail trading — not an optional add-on available only to those who know to look for it. In the same way that credit card cashback has become a standard feature that consumers actively seek when choosing a card, the platform envisions a future where no trader opens a broker account without first confirming their cashback arrangement.
This shift in expectation would fundamentally alter broker competition. Rather than competing primarily on brand and marketing, brokers would face pressure to offer more competitive IB arrangements — which in turn would flow through to higher cashback rates for traders. Say Affiliates' model directly accelerates this dynamic by giving traders the tools to compare broker cashback rates before committing capital.
Multi-Asset Expansion
Originally focused on forex pairs, Say Affiliates has expanded its cashback network to cover stocks, indices, commodities, and cryptocurrency CFDs. This expansion reflects both the diversification of retail trader portfolios and the platform's broader mission to reduce trading costs across asset classes.
- Forex: 100+ currency pairs including majors, minors, and exotics
- Commodities: Gold, silver, oil, natural gas
- Indices: US30, SPX500, NAS100, FTSE100, GER40, and more
- Crypto CFDs: Bitcoin, Ethereum, and major altcoins via regulated brokers
- Stocks: US and EU equities through CFD broker partners
Register free today and become part of the growing community of traders who earn cashback on every trade, use professional tools for free, and pay less to access the markets.