I’ve been thinking about this differently lately. Everyone talks about spreads and commissions, but nobody really breaks down the full cost picture when you add rebates into it.
I’m trying to figure out if FP Markets makes sense for my trading style. The spreads look okay, but I want to know: once I factor in what I’d get back through GlobeGain rebates, does it actually come out cheaper than other brokers I’m looking at?
But here’s the thing - I also want to make sure the regulation is solid before I commit my money. So I’m wondering if there’s a smart way to evaluate both the actual cost AND the safety at the same time.
Like, should I be comparing brokers on:
- Spread + commission - rebate = real cost?
- Then separately check their regulator?
- Or does regulation somehow affect whether rebates are reliable?
Has anyone actually done this comparison and figured out which broker gave you the best value when you added everything together?
Calculate total cost first: spread + commission - rebate per lot. That’s your real cost.
For FP Markets on EUR/USD, most accounts run around 1.0 pip spread with rebates available through GlobeGain. Compare that number directly to your alternatives - don’t compare just spreads.
Regulation matters separately. A cheap broker that loses your funds isn’t a deal. Regulation affects your fund safety, not rebate reliability. But here’s what matters: regulated brokers like FP Markets under ASIC are more likely to honor rebate agreements because they operate under compliance oversight.
Unregulated brokers can simply ignore rebate promises if they decide to. So check regulation first, then calculate cost. Both matter but they’re different questions.
I use FP Markets right now and this is exactly what I tracked.
Their spreads on majors average around 0.9 to 1.2 pips depending on the pair. No base commission on standard accounts. Through GlobeGain I get back about 0.4 pips per trade.
So my real cost is roughly 0.5 to 0.8 pips per round turn. That’s competitive. I checked three other brokers and none beat that combination of spread plus rebate.
For regulation - yes, FP Markets is ASIC regulated. I verified it like the other reply mentioned. That means if something goes wrong with a withdrawal or dispute, there’s an actual authority backing up the transaction.
I’ve had rebate delays before with less regulated brokers. GlobeGain with FP Markets processes cleanly. The regulation actually does help the rebate flow work better.
I think the easiest way is to just calculate it for your own strategy.
Take a pair you trade regularly. Check what FP Markets charges in spread and any commission. Then see what GlobeGain would pay back on that pair. Subtract the rebate from the spread and that’s your net cost.
Do the same thing with one or two other brokers you’re considering. Whichever number is lowest is your best deal on cost.
Then separately - just verify the regulation is real. Spend five minutes on the regulator’s website like we talked about above. Once you know both pieces, you can make a real decision.
Yeah, you need to factor in rebates. Most people don’t and that messes up the comparison. Once you add it in FP Markets looks better than the raw spread numbers suggest.
Spread minus rebate is real cost. Compare that number.
One practical tip: open a micro account with FP Markets first if you can. Trade 10 or 20 lots over a week or two while you verify their regulation and test the GlobeGain rebate flow. See if rebates actually arrive when they should. That gives you real data before you scale up your account.
Testing it small first is smart. You see if the rebates actually work and if the withdrawal process is smooth.