I’ve been trading on another broker for a few months and I’m thinking about whether I should move to FBS or stick with what I have. The comparison doesn’t feel straightforward because both have different spreads, commission structures, and neither one is obviously better.
I’m curious how other traders actually do this comparison. Like, do you just look at spreads and call it a day, or do you factor in other stuff like execution quality, platform experience, rebate structure?
I’m also wondering if the GlobeGain cashback changes the calculation. Like, if FBS spreads are slightly higher but the rebate is better, does that tip the scales in their favor? Or am I missing something in how rebates actually work?
How do you actually decide between two brokers when you’re trying to figure out which one costs you less and trades better?
Compare on three things: total cost per lot, execution quality, and platform usability.
Total cost means spread plus commission minus rebate. If FBS costs you 1.8 pips net and your current broker costs 1.6 pips, FBS is more expensive unless execution is better.
Execution quality matters because a 0.2 pip cost advantage disappears if your orders slip 1 pip more often. Trade both for two weeks with small positions and track your slippage.
Platform usability is secondary but don’t ignore it. If you’re faster on MT4 versus MT5, that affects how quick you react to market moves.
GlobeGain rebates level the playing field. If your current broker offers no rebate and FBS offers 0.4 pips back, that swings the cost comparison. But verify the rebate actually gets paid monthly.
I switched from RoboForex to FBS last year for this exact reason. Here’s what I did:
I tracked my cost basis for a month on each. RoboForex average cost was 1.7 pips after rebate. FBS averaged 1.9 pips after rebate. So RoboForex won on cost.
But FBS execution felt slightly cleaner. Less slippage on fast moves. That 0.2 pip cost difference disappeared because of better fills.
Plus, the FBS platform felt faster to me. I switched and my win rate actually went up about 2%. Could be coincidence, but I think the execution quality mattered.
My advice: don’t just math it out. Actually trade both for a couple weeks.
I think the best way is to paper trade on the new broker for a week while you’re still actively trading on your current one. That way you can see how your strategy works on both platforms without risking money.
After that, compare spreads during different times of day and check what your rebate would actually be. The GlobeGain rebate is usually straightforward—you get it paid back as a credit monthly based on your volume.
If the new broker has better conditions and the rebate is similar, try switching a small account and see how it feels. You can always go back if it’s not working.
Compare spreads, commission, rebate, and execution. Trade both with small money first to decide.
Paper trade both platforms for a week best.
Total cost beats single metrics always.