I’ve noticed that during economic releases and major news events, spread behavior can make or break a trading session. I’m wondering specifically about XM - how dramatic are their spread changes when news hits?
I trade fairly conservatively and tend to avoid the biggest volatility spikes, but I’m curious whether the opportunistic moments during news events are worth engaging with at XM. Some traders seem to profit during these periods, others get caught by slippage.
Also, I’ve been thinking about how GlobeGain rebates factor into this equation. If spreads are wider during news, does the cashback help offset that volatility cost enough to make it worth trading through those periods, or is it still better to just sit out?
What’s your actual experience been? Do you trade during news with XM or do you avoid it? And if you do engage, how much do the rebates actually help?
News spreads triple. Skip it unless scalping big moves.
Rebates help but not enough. Avoid news spikes.
XM spreads during news events can widen from 1.6 pips to 4-6 pips within seconds. This isn’t unique to them, but it’s important to understand the math.
For cautious traders, sitting out is usually smarter. The typical news fade lasts 30-60 seconds, then volatility normalizes. The real moves come after, not during.
If you do trade news, position size matters. Risk only what you’re comfortable losing if execution slips. The GlobeGain rebates will recoup maybe 0.3-0.5 pips, which doesn’t cover a 5-pip spread move. So rely on rebates for your normal trading to offset regular costs, not as a hedge against news volatility.
Here’s what I’ve learned: cautious traders should focus on the 5-15 minutes after news, not during. That’s where the actual trends form. XM’s spreads normalize by then, and the rebates help reduce your true cost for entering that cleaner setup.
I tried trading through news with XM early on. Big mistake. Spreads exploded and I got filled way worse than expected. Lost more money than I would have made.
Now I just wait it out. Maybe check setups 10 minutes after the release. The rebates help with my regular trading, which is where my edge actually is.
If you’re cautious by nature, trust that instinct. It usually protects you.
XM spreads get crazy during news. Rebates don’t help enough.
Most cautious traders skip news anyway. Rebates work better with normal trading.
I track my execution metrics religiously. During non-news trading at XM, my average slippage is minimal. During news, slippage jumps to 2-3 pips on average. That’s factual data.
So the real question isn’t whether rebates offset news volatility - they don’t. The question is whether your strategy actually profits from news trading. If it does, trade it. If not, sit tight. The rebates are for your edge, not for chasing volatility you don’t understand.