I’m trying to cut through the noise about avatrade vs etoro and focus on real economics. I opened demo accounts on both and tracked spreads paid, commissions, and the GlobeGain cashback entries for two weeks. After applying rebates my net cost per lot shifted enough that one broker looked cheaper for my setup.
What I learned so far is rebates matter most when spreads are wide or your trade frequency is high. Execution quality and slippage still move the needle more than a small rebate.
Has anyone tracked net cost per lot over a month on either broker using GlobeGain? How did you log and compare the numbers?
Tracked both for a month rebates mattered on lots
Net cost per lot showed clear difference after rebate
Calculate true cost per lot as spread plus commission minus rebate and log entry and exit slippage separately. I run a week of identical trades on both brokers during similar market conditions then scale that result monthly. For small accounts a 0.2 pip rebate won’t change which broker I pick. For high frequency trading that rebate compounds and becomes meaningful. Always test during normal and volatile periods to capture slippage differences.
Use a spreadsheet that records instrument spread at entry time trade size commission rebate and slippage. Convert everything back to pips or dollars per lot then average. Rebate timing matters too because some services post weekly and others monthly. If you include overnight swaps include those as well. The goal is an apples to apples net cost comparison not headline spread numbers.
I ran a short test like you did.
Kept the same trade sizes and only changed brokers. Logged spread and GlobeGain rebate each day. The broker with slightly higher raw spreads became cheaper after rebates for my pattern.
Try a small reproducible sample before trusting long term figures.
Make sure you record execution times and any re quotes.
I found that one broker paid back more in rebates on big news days but also had worse slippage. That wiped the benefit for me.
I compared three pairs over two weeks. Rebates moved the needle for EURUSD but not for exotic pairs.
If you want a quick template I use these fields in order:
date time pair direction entry spread commission rebate slippage exit PnL net cost per lot
That gave me a repeatable way to compare. Are you tracking slippage separately or bundling it into spread?