I was looking at opening an HFM account and got confused because they have multiple account types - standard, ECN, raw spread, etc. Each one advertises different spreads and fees.
What threw me off is wondering whether GlobeGain rebates apply the same way across all these account types, or if some accounts get better rebate treatment than others. If the rebate scales differently depending on which account I pick, then comparing accounts becomes really complicated.
I want to make sure I’m not missing something like “oh, the raw spread account gets a lower rebate percentage” or “the ECN account has restrictions on how cashback works.”
Has anyone here actually tested the rebate structure across HFM’s different account tiers? Do the rebates apply uniformly, or do you get different cashback rates depending on which tier you choose?
Rebates apply to all account types equally mostly.
Check with GlobeGain on your specific tier though.
Rebates on HFM are calculated from your total trading volume, not your account type. The account type affects spreads and commission, but the rebate tier usually stays consistent across all accounts under the same registration.
What does change: ECN and raw spread accounts have different base costs than standard accounts, so your effective cost after rebate will differ. But the rebate percentage itself doesn’t change based on account type.
Best approach is to calculate total cost for each account type using the same rebate tier, then choose based on your trading style.
I use the standard account and get the same rebate percentage as friends using ECN. The spread is different, but the cashback rate is consistent.
So if you’re comparing accounts, just factor in the base spread and commission, then apply the same rebate percentage to see which account costs you less overall.
Rebates are uniform across account types as far as I know.
I tested this myself. Started on a standard account with HFM, then switched to ECN after a few months. The rebate rate stayed exactly the same - my cashback percentage didn’t drop or anything.
What changed was the spread and commission structure. ECN gives you tighter spreads but charges per trade, while standard spreads are wider but no commission. After applying the rebate to both, ECN ended up cheaper for my high-frequency scalping, but standard would have been better if I was holding longer positions.