jadi gue calculating real expenses gue dengan FP Markets, dan gue realize bahwa biaya sebenarnya way higher dari yang gue initially thought. spread average gue around 1.2 pips, commission per lot, dan now dengan regulations yang ketat, gue kena penalty fees tambahan yang baru.
rebate GlobeGain sounds menarik, tapi gue literally clueless tentang gimana calculate kalau rebate actually offset these increased costs. dan pertanyaan yang lebih besar: apakah rebate program stable, atau bisa reduced kalau broker cut margin mereka?
here’s what gue need to understand:
- gimana exactly calculation rebate work relative ke trading volume gue?
- apakah rebate affected oleh regulatory changes atau spread adjustments?
- ada trader sini yang actually calculated real net cost setelah rebate? berapa difference-nya?
- gimana gue track apakah rebate program still worth it kalau FP Markets terus adjust cost structure?
any honest breakdown dari experience kalian?
MARKET UPDATE: Recent analysis shows FP Markets rebate rates through GlobeGain averaging 0.5-2.5 pips per trade depending volume tier, which when properly calculated can offset 40-60% of typical spread costs untuk active traders. Important: recent regulatory changes haven’t decreased rebate rates (yet), but broker reducing raw spreads slightly (competitive pressure). Net effect: rebate value remains stable untuk existing volume levels. Have traders noticed spread adjustments di recent weeks?
okay so gue done detailed calculation untuk ini karena gue was same position lu. here’s simplification:
Example real numbers:
- Average spread FP Markets: 1.2 pips on EUR/USD
- Average commission: 3 pips per lot (combined)
- Total per trade cost: ~4.2 pips
- GlobeGain rebate (medium volume tier): 1.5 pips per trade
- Net cost after rebate: ~2.7 pips per trade
This make significant difference kalau lu active trader. Kalau lu 10 trades per week, rebate basically cover 2-3 trades per month (basically free trading day setiap minggu).
Caveat: rebate doesn’t decrease kalau FP Markets adjust spreads (rebate based fixed rate per pip traded, bukan percentage). So kalau spread naik to 1.5 pips, rebate tetap 1.5 pips—lu just pay more nett.
My recommendation: calculate YOUR personal breakeven point. How many trades lu need per month supaya rebate cover cost increase? If less dari 5, probably worth it. If more dari 20, definitely worth it.
quantitative analysis dari rebate offsetting mechanism:
Cost Structure Decomposition:
- Variable Costs: Spreads (pip-based) + commissions (flat atau percentage)
- Fixed Costs: Account fees (regulatory requirement dari some jurisdictions)
- Hidden Costs: Slippage, overnight holding charges, forced liquidation spreads (dalam crisis)
Rebate Impact: Rebate covers portion dari variable costs only. Fixed costs tidak affected, hidden costs outside rebate scope entirely.
Regulatory Change Sensitivity: When regulators enforce tighter controls:
- Brokers typically increase spreads (to reduce risk exposure)
- Rebate rates stable (structural agreement dengan aggregators)
- Net result: rebate %age dari total cost DECREASES
Real Math Example:
- Baseline: 4 pips cost, 1.5 pips rebate = 37.5% offsetting
- Post-regulation: 5.5 pips cost, 1.5 pips rebate = 27% offsetting
Conclusion: rebate program provides meaningful but declining buffer against regulatory-driven cost increases.
Optimization: Instead rebate offset, consider it reduced net cost, then evaluate broker selection primarily pada execution quality dan regulatory compliance, bukan rebate dependency.
Lu specific trading style apa (scalping, swing, position trading)? Cost sensitivity varies significantly per strategy.