I’m trying to figure out whether FBS makes sense for my trading style, which leans toward trading around major economic announcements. I know spreads blow out on most brokers during news, but I want to quantify whether the rebates from GlobeGain actually offset the cost of wider spreads during those volatile moments.
Like, if my normal spread on EUR/USD is 1.2 pips, but it jumps to 3 or 4 pips during a rate decision, that’s a big swing. The rebate might be 0.3 or 0.4 pips on average. Does that math work in my favor, or am I just adding slippage costs that the rebate doesn’t cover?
For people who trade around news on FBS, does it actually hurt your P&L that much, or have you found ways to manage it? And how does the rebate factor into your real cost when volatility spikes?
News spread widening is a real factor, and FBS isn’t unique here. Most brokers widen spreads during announcements.
Here’s the hard truth: if you’re trading the exact moment of a news event, FBS rebates won’t save you. The spread goes from 1.2 to 4 pips, your rebate is maybe 0.4 pips, and you’re still paying 3.6 pips effective cost. That’s expensive.
Better strategy: wait 30 to 60 seconds after the news drop. Spreads normalize fast. Trade the follow-through volatility instead of the spike. The spread comes back down, your rebate works again, and your cost is reasonable.
If you insist on news spike trading, FBS isn’t worse than others, but the math is always tough regardless of broker. Rebates help with consistent daily trading, not with high-volatility event trades.
I tested this directly. Tracked my costs during the last employment report and rate decision.
During the spike, yeah, spreads went mental. My effective cost was close to 4 pips because the rebate is applied on your normal spread, not the widened one. So it doesn’t help much in those first few seconds.
What works better: I don’t trade the initial spike anymore. I wait for the volatility to settle, usually takes 30 to 90 seconds, then the spread tightens back up and I trade the momentum. The rebate helps there because spreads are more reasonable.
So FBS is fine if you’re strategic about when you enter. If you’re trying to catch the exact news moment, rebates won’t save you and no broker will.
Rebates don’t help during news spike. Wait for spreads to normalize.
I trade around news sometimes and I’ve noticed that the spread widening definitely eats into your rebate advantage.
What I do now is I wait for the initial volatility to settle before entering. The spread comes back down pretty quick and then the rebate actually makes a difference again. So yeah, FBS works fine if you’re not trying to catch the exact moment of the news drop.
Spreads widen during news on FBS like everywhere. Rebates help less at those times.