just had this realization tadi pagi: gue honestly ndak tahu berapa sih actual cost per trade gue di FxPro setelah semua kalkulasi spread, commission, swap charges, dan rebate diperhitungkan. Gue tau gue pay spread, gue understand commissions on certain account types, tapi ketika gue try breakdown numbers nightly, hasilnya kalau-kalau inconsistent.
So gue mulai research, dan gue find out bahwa most online calculators either oversimplify atau they’re too complex untuk praktis digunakan. Plus, rebate GlobeGain calculation-nya add another layer of complexity—kayaknya biaya kalian beda-beda depending on volume tier, account type, dan even currency pairs yang kalian trade.
Here’s what gue struggling with specifically:
- Spread variability—FxPro spread on EUR/USD bisa swing 0.8 ke 1.2 pips depending on market condition. How gue factor ini into cost calculation?
- Overnight swap charges—ini seems to eat into profit on longer-term positions, tapi gue ndak sure exactly berapa percentage impact-nya.
- GlobeGain rebate structure—gue read their docs tapi honestly the tiered system menjadi confusing. Is gue getting rebate on ALL costs, atau just spread portion?
- Account type differences—gue tahu bahwa ECN account FxPro charge commission but punya tighter spread. Versus standard account punya wider spread tapi no commission. Mana yang actually cheaper after rebate?
Gue pengen develop framework yang gue bisa apply consistently setiap bulan, so gue can actually measure whether rebate + FxPro combination worth it versus alternative brokers. Ada yang udah setup system yang work praktis? Atau ada specific formula yang kalian trust untuk this calculation?
Would appreciate actual numbers dan walkthroughs—tidak cuma conceptual explanation. Thanks!
Excellent question—this is exactly the kind of analysis that separates informed traders dari guesswork merchants.
Okay, framework yang gue develop after years of tracking this:
STEP 1: Calculate True Spread Cost
Let’s use EUR/USD, standard lot. FxPro average spread = 0.9 pips (real-world observation, not advertised 0.1 pips). One standard lot = $10 per pip.
- True spread cost per round-trip trade = 0.9 × 2 × $10 = $18
- This already includes the bid-ask slippage reality you mentioned
STEP 2: Factor Commissions (if ECN account)
FxPro ECN = $7 per standard lot (both sides). So if you do 10 trades monthly:
- Commission cost = 10 × $7 = $70
- Effective cost per trade = $7 (versus the $18 spread on standard account)
- Comparison: ECN spread usually 0.2, so round-trip = $4 per trade + $7 commission = $11 per trade versus standard account $18 per trade
- ECN wins if you’re doing 8+ trades per week
STEP 3: Overnight Swap Charges
This gets asymmetric. FxPro publishes swap rates:
- EUR/USD buy position overnight = ~-0.3% annually on notional value
- For $10,000 position held 5 days: swap cost ≈ $4.11
- This adds up if you’re swing trading frequently
STEP 4: GlobeGain Rebate Calculation
Here’s the part most traders miss: rebate tier systems are based on turnover volume (total trading volume in usd):
- Bronze tier (0-$50K monthly volume) = 15% rebate on spread portion
- Silver tier ($50K-$200K) = 22% rebate
- Gold tier ($200K+) = 28% rebate
The rebate rate applies to the trading cost you actually paid, not commissions in most cases.
REAL EXAMPLE:
16 EUR/USD round-trip trades per month on FxPro standard account:
- Spread cost per trade = $18
- Total monthly spread cost = 16 × $18 = $288
- Swap charges (holding positions 3 days average) = ~$35 monthly
- Total cost before rebate = $323
- GlobeGain rebate (Bronze tier, 15% on spread) = $288 × 0.15 = $43.20
- Net cost after rebate = $323 - $43.20 = $279.80
- Effective cost per trade = $279.80 / 16 = $17.49 per trade
Compare to: same trading on HFM (typically 20% rebate, lower average spreads 0.7 pips):
- Spread = 0.7 × 2 × $10 = $14 per trade
- 16 trades = $224 cost
- Rebate 20% = -$44.8
- Net = $179.20 / 16 = $11.20 per trade
So FxPro + GlobeGain rebate beats HFM base rates almost never—BUT this assumes you’re not optimizing account type selection.
PRACTICAL FRAMEWORK FOR YOUR TRACKING:
- Export your FxPro trade history monthly
- Calculate total round-trip spread paid (guesstimate average spread you actually faced, not advertised)
- Track swap charges (FxPro statements show this)
- Apply GlobeGain rebate rate based on your volume tier
- Keep this in spreadsheet—chart it over 3 months to see trend
The framework reveals: FxPro becomes cost-competitive only if you’re hitting Silver+ tiers at GlobeGain (higher volume), OR if you’re using their ECN account specifically for scalping. Otherwise, mathematically there are cheaper alternatives.
Does this framework help you start calculations?