I trade some of my positions around economic news, and I’ve noticed that spreads on HFM get significantly wider during high-impact releases. Today during the nonfarm payroll, EUR/USD spread was like 3+ pips for a moment, compared to the usual 1.2 pips.
I know GlobeGain gives me rebates on my trades, but I’m wondering if those rebates are enough to make trading through news events even remotely cost-effective. Or am I just punishing myself by trying to trade when the market is volatile?
Someone mentioned that rebates scale with volume, but I’m not sure if that means I’m getting more rebate during wide spreads or if the rebate is always the same percentage. And honestly, even with a rebate, is it smart to trade when spreads are that wide?
How do you all handle this? Do you just sit out the news, or have you found a way to make it work with rebates covering part of the cost?
Rebates don’t scale with spread width. You get the same rebate per lot regardless of whether the spread is 1 pip or 5 pips. So during news when spreads widen, your rebate stays flat while your cost spikes.
If your rebate is 0.5 pips, and the spread goes from 1.2 to 3.5 pips, your real cost just jumped from 0.7 pips to 3 pips. The rebate doesn’t help much when volatility doubles your spread cost.
Market strategy matters more. Most traders either reduce position size during news or exit before the release and re-enter afterward. The few who stay in usually get worse fills and eat wider spreads. Relying on rebates to cover that cost won’t work.
I tested this myself. During quiet times on HFM, my trades cost about 1 pip after rebates. During news, spreads went to 2.8-3.2 pips. My rebate was still 0.5 pips per lot.
So my real cost jumped from 1 pip to 2.3-2.7 pips per trade. To me, that’s not worth it. I started avoiding big news entirely and my monthly costs dropped noticeably.
The rebate helps normalize things on regular days, but during shock events in the market, no cashback service can fully offset the spread explosion. You just have to accept it or not trade.
Rebates are fixed per lot, so they don’t increase when spreads get wider. That’s the reality.
What helps more is adjusting your strategy around news. Some traders use pending orders before the announcement to lock in better prices. Others just sit it out. A smaller position size during news also limits your exposure when spreads are wild.
Rebates are great for regular trading conditions, but they can’t fix news volatility.
Rebates are fixed. Spreads widen. No offset happens.
Just don’t trade major news if you’re worried about spreads. Most traders skip it anyway.
The honest truth is rebates are a cost reduction tool for normal conditions, not a safety net for extreme volatility. The rebate might save you 0.3-0.5 pips, but when spreads double or triple, that’s just a bandage on a bigger problem.
I’ve seen traders try to “make up” losses on news trades with rebate stacking. Don’t do that. It never works.
Think of rebates as a normal-day benefit. When spreads get crazy, that benefit gets overwhelmed. Your best defense is just not trading when conditions are that volatile.
On HFM with GlobeGain, you’re getting decent cost reduction most days. Just respect the market and sit out the chaos.
Trade the calm trade the range. Skip the chaos.
News events are where most retail traders get hurt. Rebates don’t change that reality.