Cashback concept involves a rebate provided to traders based on their trading volumes.The more a trader trades, the higher the cashback they can receive. Cashback is a straightforward way for traders to recoup a portion of their trading expenses, providing a financial benefit based on their trading activity.
Affiliates earn commissions or rewards based on the trading activities of clients they refer to the broker. The scope of rewards can vary, including a percentage of the broker's earnings generated from referred clients' trades.
In summary, cashback in forex is a rebate provided to traders based on their trading volumes, while an affiliate program involves individuals partnering with a forex broker to refer new clients. Cashback rewards traders directly, while affiliate programs reward individuals for their ability to bring in new clients and the trading activities of those clients.