Major broker trims forex commissions — what changes for rebate traders

A leading broker cut standard-account commissions this week. We break down the real cost impact once cashback is factored in.

A major broker lowered forex commissions on standard accounts.
Lower commission slightly reduces the rebate base but cuts your net cost.
Net-net, active traders still come out ahead with cashback stacked on top.

The commission change in plain terms

The broker reduced its per-lot commission, lowering the headline cost of trading.

How it interacts with cashback

Because rebates are a share of the broker commission, a lower commission can mean a slightly smaller rebate per lot. The key figure is net cost after rebate — which still falls.

What active traders should do

Compare the post-change net cost per lot across brokers rather than the headline rate alone.

In our view

Commission cuts are good for traders, but always read the net-of-rebate number. This is not investment advice.

Expaid Desk

Expaid's markets desk covers forex & gold — rate moves, broker updates, and what they mean for your trading costs and cashback. About Expaid.

FAQ

Does a lower commission reduce my cashback?

Slightly — rebates are a share of commission — but your net cost per lot still goes down.

Compare per-lot rebate rates across brokers

See the rate board