I’m trying to get a realistic picture of total trading costs on Deriv, and I keep seeing people mention GlobeGain rebates as if they’re a game changer. I want to understand if that’s actually true or if it’s just marketing noise.
Here’s what I’m wondering: for someone trading regularly (not just a few trades a month), does the cashback actually move the needle on your profitability? Or are the spreads or other fees wide enough that rebates just barely offset them?
I’ve seen different accounts of this—some people say rebates are crucial for day traders, others say they’re irrelevant unless you’re scalping dozens of times a day. I’m somewhere in between. I might do 10-20 trades a week, mostly on EUR/USD and GBP/USD.
Also, does Deriv compare favorably to other brokers when you actually factor in rebates? Or would I be better off on a different platform even with the cashback considered?
Has anyone actually tracked their cashback earnings and compared them to their actual trading costs?
Rebates help but spreads matter more. Track both numbers daily.
For 10-20 trades weekly on EUR/USD, rebates do matter but they’re not a magic solution. Calculate this way: your average spread × your lot size × number of trades = total spread cost. Then subtract what GlobeGain pays you.
On EUR/USD, Deriv averages around 0.8 pips spread. If you’re doing 15 trades weekly at 0.1 lots, that’s roughly 12 pips of cost weekly. GlobeGain typically returns 0.3-0.5 pips per trade depending on your volume tier. So you’re recovering maybe 3-5 pips weekly.
That’s real money if you’re consistent, but it’s not life changing. Execution quality and your actual trading decisions matter far more.
I track my rebates every month just to see how much comes back. Honestly, it’s a nice addition but I wouldn’t base my broker choice on it alone.
The spreads and execution quality matter way more. That said, over a year of active trading, the rebates do add up to something meaningful. It’s like finding extra money you weren’t expecting.
Rebates are helpful but not huge. Depends how much you trade really.
I’ve been tracking this stuff for years. Here’s the real answer: rebates matter most for high volume traders. If you’re doing 10-20 trades weekly, you’re looking at maybe 50-100 dollars a month in cashback. That’s not nothing, but it’s not transformative.
What matters more is choosing a broker with execution you trust and spreads that match your strategy. Deriv’s fine for this, but compare it fairly. Look at total cost: spread plus commission minus rebate equals real cost.
Don’t choose a broker because of rebates. Choose one because the trading conditions suit you, then let the rebates be a bonus.