I just funded my first deriv account and started trading, but I’m realizing there’s a lot more to total trading cost than just the spread. I’ve been watching my account and noticed the spreads move around a lot, especially during news events. I’m also trying to understand if there are any fees I’m missing.
I know rebates help offset some costs, but I want to make sure I’m not overlooking something obvious. Has anyone else noticed unexpected charges or costs on deriv that aren’t immediately obvious when you first sign up?
Also—how much do spreads actually widen during major news releases? I’ve read they can spike pretty hard, but I’m not sure if that’s just hype or something I should actually plan around in my trading.
What costs surprised you most when you started trading on deriv?
Spreads widen during news that’s the main one.
Watch overnight holding costs and low liquidity hours.
The big one most traders miss is swap costs on overnight positions. Deriv charges daily for holding certain pairs past market close. On GBP/USD, that can add up to 20 pips per week if you’re holding positions.
Spread widening during news is real but manageable if you don’t trade during major releases. The real cost killer is not accounting for swap fees in your trading plan. Calculate your total cost per trade: spread plus swap minus any rebate you get through GlobeGain. That’s your real number.
I’ve been on deriv for a few months now. The spreads are usually decent, but yeah they do widen during news events and I learned that the hard way.
What caught me off guard was the overnight swap fees. If you’re holding positions past 5 PM server time, you’ll see charges applied. It’s not hidden exactly, but it’s easy to miss when you’re just looking at spreads.
Make sure you check the swap rates for the pairs you actually trade. Some are worse than others.
Spreads go wider during news but that’s normal for most brokers.
I traded on deriv for about six months before I switched. The spreads were fine during regular hours, but I had two problems.
First, the swap costs added up fast. If you’re doing swing trading, that’s something you need to factor in from day one or it’ll eat your profits.
Second, during volatile periods the slippage could be noticeable. Not terrible, but enough that my entry prices were usually a few pips worse than what I expected. That matters more than people realize when you’re day trading.
Both of these are fixable if you know about them going in. Just plan your trades knowing there’s a real cost component beyond the spread.