I’ve been reviewing IC Markets’ fee structure and noticed how spread markups can add up quickly, especially with frequent trading. Several threads here mention using spread rebates to offset costs, but I’m unsure how effective this is in practice.
Has anyone consistently tracked their net costs after applying rebates? I’m particularly interested in real examples – like how much you’ve recovered monthly on EUR/USD trades or during high volatility. What strategies (scalping vs. longer holds) see the most cashback benefit?
Rebates cover 30% of my fees. Track spreads hourly.
Calculate true cost per trade: raw spread + commission minus your rebate.
For example, IC Markets’ 0.1 pip EUR/USD raw spread with $7 commission per lot. With a 25% rebate:
$7 commission - $1.75 rebate = $5.25 net.
Compare this to a standard account’s 1 pip spread ($10) with no rebate. The raw+rebate combo saves $4.75 per lot. But only if your trading style suits frequent small gains.
Track using GlobeGain’s historical spread charts to spot patterns.
I use a simple spreadsheet to compare pre-rebate and post-rebate costs weekly.
Last month rebates saved me about $220 on 50 lots traded. Not huge but better than nothing.
Just make sure your broker’s execution doesn’t negate the savings with slippage.
Rebates help more if you trade lots daily. Small volume barely matters.
Switched to IC Markets’ raw account six months ago. The rebate covers roughly 20% of my total fees.
Key tip: Avoid trading major news spikes. Their spreads widen enough to eat into rebate gains. Use the community’s volatility alerts to time entries.
For 100 monthly lots, I save around $400 after rebates versus my old standard account.