Trading fees always get looked at one at a time. Seven euros here, a two-pip spread there. None of them, on its own, seems worth worrying about. Yet it is their sum that separates two traders of the same skill.
Let's run the numbers once, with simple and purely illustrative figures.
The starting case
An active trader, neither extreme nor occasional:
- 10 trades a week;
- €7 in fees per trade, spread and commission included;
- 50 weeks of trading a year.
10 × €7 × 50 = €3,500 a year. Over ten years, without changing a single habit:
The price of a new car, gone from the account without anyone noticing.
Three profiles, three bills
Frequency changes everything. At the same €7 per trade:
- 2 trades a week: €700 a year, €7,000 over ten years;
- 10 trades a week: €3,500 a year, €35,000 over ten years;
- 30 trades a week: €10,500 a year, €105,000 over ten years.
Thirty trades a week is six a day. For a scalper or an intraday trader, that is not an extreme pace.
What this number doesn't say
This calculation is independent of your performance. A winning trader pays these fees. A losing trader pays them too. They are taken before the market has delivered its verdict.
That is what makes them unusual: they are the only line in your account that doesn't depend on being right.
The only two levers
Faced with that number, there are only two levers.
Place fewer orders
The most effective, and the hardest. Plenty of orders are born of boredom, the urge to win it back, or a badly filtered signal. Keeping a trading journal and reviewing, every month, the orders you shouldn't have placed is often the best way to cut the bill without touching the strategy.
Get part of what you pay back
Your broker passes on a share of what it earns on your orders to the partners who introduce clients. It is an old and perfectly legal model. The only question is who collects that rebate.
With cashback, part of it comes back to you. That is what RendR does: you trade with a partner broker as usual, and a share of the rebate is paid back to you on every lot, winning or losing. Your costs at the broker don't change. The simulator on the home page gives you an order of magnitude for your volume.
Run it with your own numbers
Take your last monthly statement. Count the orders, add up spread, commissions and swaps, multiply by twelve, then by ten.
The number you get isn't an opinion. It's a sum.
Margin trading carries a high risk of losing your capital, and cashback does not reduce that risk. RendR is not an investment adviser, manages no capital on behalf of its users, and never holds an account’s trading password. Cashback depends on the agreements reached with each partner broker.
Read the full risk warning