I’m brand new to forex and I’ve been doing research on where to start. FBS keeps coming up, and I’m interested in the rebates through GlobeGain, but I honestly don’t know if the numbers make sense for someone just starting out.
Like, if I deposit my first $500 or $1000, what does a realistic first year look like? I know I won’t be profitable right away - I’m assuming I’ll lose money while I’m learning. But I want to understand how the rebates and spreads factor into that equation.
For example: if I’m doing 10 trades a week while I learn, what am I actually paying in spreads and commissions? How much would the rebates offset that? And realistically, what’s the cost of education before I start making consistent money?
Has anyone here started with FBS as a beginner? What was your first-year cost like, and did the rebates actually help you stay solvent while you were learning?
Straight advice for beginners: focus on learning first, profits second.
If you deposit 1000 dollars and do 10 trades per week at 1 lot, your spread cost is roughly 12 pips per week. At 1.2 pips per trade on EUR/USD, that’s about 12 dollars in spreads weekly, or 600 dollars yearly. GlobeGain rebates might cover 100 to 150 dollars of that.
But here’s reality: most beginners lose 30 to 50 percent of their first deposit while learning. The rebates help soften that, but they don’t prevent losses from bad decisions.
Use FBS because the platform is clean and rebates exist, but budget for education as a cost, not a profit center. Your first year should be about building a system that works, not making money. Once you’re consistently profitable, rebates become real income.
Started with FBS 3 years ago with 800 dollars. Made every beginner mistake and lost about 60 percent in year one.
But here’s what helped: the rebates meant I didn’t burn through my account quite as fast. I was getting maybe 30 to 40 dollars back each month, which kept me in the game longer while I figured out what I was doing.
Year two was different once I built a proper system. The rebates started actually adding to my account instead of just slowing losses.
For you: expect to lose money while learning. The rebates are a cushion, not a solution. They matter, but they’re not enough to keep you profitable if your strategy is broken. Focus on the learning part first.
Rebates help bruises cost of learning but don’t guarantee profit.
Rebates help but learning costs money. Budget for losses in year one.