I’ve been trading with HFM for about 4 months now and I’m noticing something that’s really eating into my profits. During major news events, their spreads widen massively. I’m talking EUR/USD going from 0.8 pips to sometimes 3+ pips during economic data releases.
I understand volatility happens, but it feels like the cost is just getting passed straight to me. I know some traders use hedging or sit it out, but that doesn’t feel like a real solution when you’re trying to trade actively.
I recently found out about GlobeGain’s rebate automation and how it supposedly offsets these cost spikes automatically. Has anyone actually used this during volatile trading? Does it actually make a dent in those wider spreads, or is it just marketing talk?
Mostly curious if other HFM traders have found a way to make news trading actually profitable with their spreads, or if you just avoid it entirely?
News spikes make tight stops impossible. I just don’t trade news.
Spreads widen everywhere during news. HFM isn’t unique here.
You’re right to notice this. HFM’s spreads do widen more than some competitors during data releases. The rebate automation helps, but it’s not a magic fix.
What actually works is accepting that news trading carries higher costs and sizing your position accordingly. If your rebate covers 0.4 pips and spreads spike to 3 pips, you’re still paying 2.6 pips in pure spread cost.
Better approach: trade the setup, not the event. Wait for the initial spike to settle (usually 30-60 seconds), then enter. Your edge matters more than trying to catch the first move at maximum spread cost.
I’ve dealt with this a lot on HFM. The spreads really do jump during data releases.
What I found is that the rebate helps, but you need to be realistic about when to actually trade. Some traders I know skip the first 2-3 minutes after a news release and wait for the volatility to settle a bit.
The GlobeGain rebates do come through automatically, which is nice. Over time it adds up, but it won’t make news trading cheap during those spike moments.
Everyone deals with this. Most brokers do it. Rebates help but don’t solve it completely.
I traded news a lot when I first started. Learned pretty quickly that chasing the initial spike with HFM is expensive.
The rebate automation from GlobeGain does help. I get about 0.3-0.5 pips back on average across my trades, which reduces the sting. During normal conditions it’s solid, but during news it just softens the blow.
What actually changed my profitability was stopping trying to trade the news itself. I trade the aftermath, once things settle. Spreads normalize and the rebate keeps my costs reasonable. That’s where I actually make money consistently.