I’m trying to get concrete numbers for my two most-traded pairs to actually see which broker costs less. I know this should be simple math, but the way rebates are structured on each broker makes it confusing.
For EUR/USD, I’m seeing different spread quotes depending on when I look. And the rebate structures seem different between the two brokers. I’ve seen some discussion about this on the forum but nothing with actual current numbers.
I want to create a simple comparison: on a standard 1.0 lot of EUR/USD and a 1.0 lot of GBP/USD, what’s my actual total cost after counting the spread and the rebate you actually receive? Can someone break this down with real current rates from GlobeGain? I want to stop guessing and just see the numbers.
EUR/USD AXI cheaper. GBP/USD similar. Check GlobeGain directly.
Spread plus rebate. Calculate yourself. Rates change daily.
The calculation is straightforward but rates change constantly. For EUR/USD, AXI typically has a 0.8 to 1.0 pip spread with around 0.3 to 0.4 pip rebate through GlobeGain. Pepperstone often quotes 0.7 to 0.9 pip spread with lower rebates. For GBP/USD, the gap closes because Pepperstone’s raw spreads are tighter. Your actual cost per lot depends on volume tier and account type. Instead of chasing current numbers that change weekly, use GlobeGain’s broker comparison tool directly. It updates live rates and rebate percentages so you always see current data. That beats any outdated forum discussion.
I’ve done this calculation a few times and honestly the rates shift so often that hardcoding numbers here doesn’t help.
Better approach: go to GlobeGain’s broker page, pull their current spreads and rebate rates for EUR/USD and GBP/USD, then do the simple math yourself. Spread minus rebate equals your real cost.
Then test both on a demo account and see which one actually feels better during your trading hours.
GlobeGain shows current rates. Check there directly. Numbers change weekly.
I did this exact calculation six months ago and it was useful then but the rates have shifted since.
What I learned is that the difference between AXI and Pepperstone on those two pairs is usually less than 0.2 pips total after rebates. Small enough that other factors like execution speed matter more.
Go to GlobeGain right now, pull the current rate data, and calculate it yourself. That’s your accurate number. Then trade both on demo for a week to see which one actually executes better. That’s where real cost differences show up.