i’ve been trying to figure out my true cost of trading with exness and realized i was only looking at spreads. rebates exist but i wasn’t factoring them into my decision.
spent some time calculating what i actually pay per trade: quoted spread plus hidden costs minus the rebate i get back. turns out the math works completely different when cashback is included.
the problem is most traders compare brokers on spreads alone. but real cost = spread plus commission minus rebate. that minus part actually matters a lot when you’re calculating profitability, especially if you trade frequently.
i started wondering how rebates actually shift the comparison when you’re choosing between exness and another major broker. does the rebate make exness cheaper even if their base spreads look wider? what’s your experience with this calculation?
what i really want to know: how do you factor rebates into your broker decision, and have rebates ever changed which broker you actually chose?
Rebates change the entire equation, but most traders don’t calculate correctly.
Total cost per lot = spread + commission - rebate. For EUR/USD on Exness, if spreads average 0.9 pips with a 0.4 pip rebate, your effective spread becomes 0.5 pips. That’s competitive.
But here’s what matters: compare brokers on YOUR trading style. If you scalp 100 lots daily, rebates save you $200+ per week. If you hold positions for hours, the rebate impact shrinks because you trade less.
I tested Exness against IC Markets for three months. Exness had slightly wider spreads but better rebate rates. My actual cost was almost identical, but Exness execution felt smoother during volatile hours. So I stayed.
Calculate your personal break even. Don’t use average spreads from the broker’s website. Track your actual average spread over 20 trades. Then multiply by your monthly lot volume. That number minus rebates is your real monthly cost. Use that for comparison.
rebates made exness competitive for me when i wouldn’t have picked them otherwise.
i was originally going to open with fxpro because their spreads looked tighter. but when i added the rebate from globegain, exness dropped my cost per trade by almost 30%. over a month that’s real money.
the catch is you need actual volume to make rebates matter. if you trade 10 lots per week, rebates might only save you $20. not worth switching accounts. but for people who trade daily, rebates shift everything.
I started tracking my actual costs after seeing people discuss rebates here and it was eye opening.
I was looking at Exness but thought their spreads seemed high. Once I factored in the rebate percentage, the total cost was actually lower than brokers I considered cheaper.
Now I always do the calculation: average spread I actually see minus the rebate they offer. Makes the choice a lot clearer.
rebates saved me money switching from ic markets to exness.
calculate real cost or rebates won’t help your decision.