I’m currently with Pepperstone and getting 0.25 pips back per trade through GlobeGain. I found out AXI offers 0.3 pips on my volume level. That’s a 0.05 pip difference per trade.
On the surface it seems worth switching—more cashback is more cashback. But switching brokers is annoying. I’d need to transfer funds, get familiar with a new platform interface, test order execution, and adjust to potentially different spreads. Plus there’s always the risk that the new broker’s conditions aren’t what I expected.
I’m trying to figure out whether the extra 0.05 pips per trade actually adds up to anything meaningful, or if I’m chasing a few dollars while losing focus on what actually matters—my trading strategy and execution quality.
For traders on this forum who’ve switched brokers specifically for rebate differences: did it feel worth the time and effort, or would you do it differently now?
Switching for 0.05 pips is usually not worth it unless you’re running massive volume.
Calculate first: 0.05 pips × your average monthly trades × average lot size. If that number is under $100 per month, don’t switch. If it’s $500 or more, maybe consider it.
But factor in the hidden costs: learning a new platform takes time (costs you focus), execution might differ (could cost you pips), and withdrawal processes might be different. The switching cost often exceeds the rebate gain.
Switch only when three things align: better rebates, better execution, and better platform stability. Don’t do it for rebates alone.
I switched from IG to AXI specifically for rebates about two years ago, and honestly I regret it.
The rebate difference was bigger than your 0.05 pips—more like 0.15—so I thought it made sense. But AXI’s platform felt slower and withdrawal took longer. The extra cashback was real, but I spent weeks getting comfortable with the new setup and lost focus on my actual trading.
The rebate improvement worked out to about $200 per month. But I probably lost that much in focus and execution quality in the first month alone.
Stick with Pepperstone unless the rebate difference is 0.2+ pips or more. Then it’s worth the switch.
I think 0.05 pips is too small to matter. That’s like $5 per million volume.
If you’re comfortable with Pepperstone and the platform works well for you, that’s worth more than a tiny rebate increase. Switching costs time and energy.
Now if AXI offered 0.2+ pips more, I’d probably do it. But for 0.05, I’d stay put.
0.05 pips is pocket change. Don’t switch.
Every 0.05 pips adds up over time if you trade a lot. But switching platforms is annoying so it depends how much you trade.