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Global Prime "Trading Receipts" - What is that?

  • Post #1
  • Quote
  • First Post: Jul 23, 2020 10:15am Jul 23, 2020 10:15am
From here:

https://www.thesearcherslist.com/201...t-spreads.html

* Provides trade receipts

Global Prime is one of the rare forex brokers who provides trade receipts to its clients. This receipt shows which liquidity provider filled the clients' orders so they would know who took the opposite side of their trade. This transparency of Global Prime is what makes them one of the best forex brokers.

Just wondering, what is it, because it sounds positive to be transparent.

Anyone scalping with these guys?
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Quoting pa18
From here: https://www.thesearcherslist.com/201...t-spreads.html * Provides trade receipts Global Prime is one of the rare forex brokers who provides trade receipts to its clients. This receipt shows which liquidity provider filled the clients' orders so they would know who took the opposite side of their trade. This transparency of Global Prime is what makes them one of the best forex brokers. Just wondering, what is it, because it sounds positive to be transparent. Anyone scalping with these guys? {image}...
Hello..hope this answers your question
Quote
Sneak preview of new client portal + trade receipts which can be requested on any trade. This is a feature no retail broker would EVER give you as they don't actually fill trades with liquidity providers. The data is also immensely helpful for traders that understand market liquidity and structure. The data included keeps us accountable to you that your trades are going to market. It enables all clients to have conversations with us about their fills, whether just to understand how trades flow or to raise a ticket on a fill that doesn't look right....Keep in mind it's a mock up so data not based on a real trade but you get the gist. Without further ado... - Jeremy Kinstlinger, Director (Global Prime Pty Limited | AFSL 385620)

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https://www.loom.com/share/537cb9281ba2403f81be4b171cc37bdc
Quoting acertablet
{quote} Hello..hope this answers your question {quote} https://www.loom.com/share/537cb9281...be4b171cc37bdc
Thank you very much, that answered a lot!

Do you trade with them? If so what's your experience with fill orders and spreads?
Quoting pa18
{quote} Thank you very much, that answered a lot! Do you trade with them? If so what's your experience with fill orders and spreads?
hello again, im testing their demo at the moment. but you may join the chatroom for faster respond and ask question directly with the support team and community. Best Regards
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https://discord.gg/KsPwAmn
Regarding your query on spreads and execution, its second to none. Haven't seen any issues whatsoever. The trade receipts are just the best. Slippage is part of trading. Rarely happens but if it does then its probably during high volatile times and rollovers. Not to much to worry about. Been slipped 1 tick for the entire duration i have traded with them it really doesn't happen that much 1 tick in in as much as many trades. Cost of doing business. And trading with an A-Book broker that minds about you is paramount to success in this business.
Titan Black
Demo? I asked if there was a demo but no answer yet, also, can't find a demo on the website.

Thanks for the link.
  • Post #7
  • Quote
  • Edited 8:01am Jul 28, 2020 6:56am | Edited 8:01am
I am trading live at GlobalPrime for 3 years, they just added trade receipts recently to their website dashboard, so that their live clients can get receipts for their trades, so they can see which LP took the other side of their trade, it also shows other pertinent trade info that no other broker is showing!

And it is all about transparency, so retail traders can better understand the flows in the forex market, and it is also proof of the only A book Broker model that is used at Global Prime AU.

They also offer free forever demo accounts, mt4 is of course available, and we have also released the new TRADEREVOLTION for live trading! and soon TradingView trading will be available.

but GlobalPrime now offers trade receipts in a self service fashion from the live GP webportal, trade receipts were offered before but you had to request them, now its all automated, so if you need them you can instantly get them, without asking or waiting, except for the data to load online.
Quoting rmrf
I am trading live at GlobalPrime for 3 years, they just added trade receipts recently to their website dashboard, so that their live clients can get receipts for their trades, so they can see which LP took the other side of their trade, it also shows other pertinent trade info that no other broker is showing! And it is all about transparency, so retail traders can better understand the flows in the forex market, and it is also proof of the only A book Broker model that is used at Global Prime AU. They also offer free forever demo accounts, mt4 is...
I agree with rmrf, Globalprime is as good as they come. I have been using them for almost 5 years now and not one time I have had any issue with trade execution or deposit/withdrawals. All my concerns are always answered in a timely manner. Best thing about GP is that they have discord chat room where I can connect with globalprime team including founder members such as Jeremy and other traders as well. Its such an honest open environment which I dont think is offered by any other broker.To have a public chat room where anyone can share their ideas and complaints need serious balls from brokers because if you are a scam broker the word will spread like fire in a chat room like that. So far all I have seen is praise from other traders in chat room. GP is the only broker who actually want their traders to be successful and thats why they have a great analyst Ivan in the discord room who provides so many markets insights and trading ideas for absolutely free. Right now GP is actually running a Live and Demo competition and I will strongly advise anyone reading this to participate and test the water and win free money while doing so.

Regards,

Singh
Game taught me the game. And it didnt spare me the rod while teaching
  • Post #9
  • Quote
  • Edited 10:08pm Jul 28, 2020 9:27pm | Edited 10:08pm
Quoting pa18
Demo? I asked if there was a demo but no answer yet, also, can't find a demo on the website. Thanks for the link.
They have a live chat + email on their website for official questions. Have you tried both of those?

They used to be active on steve hopwood forum, but now that they have their own discord, you can communicate with other clients + GP staff there.

Trade receipts are useful to fine tune the execution quality. 99% of the time you probably won't look at them because your fills are good enough anyway. But it's good that they are finally providing these things in a push-button kind of way. It is a nice trend that should be repeated throughout the forex community, regardless of account size. Even if the brokerage was 100% b-book, they should show "themselves" as LP and complete execution times (or rejection time if order was rejected/delayed).

About time GP started getting their clean sandy beach area in an ocean of filthy, scandalous fx brokers. I'm sure more and more people will actually enjoy getting their withdrawals processed without any tricks. Fx brokerages were already consolidating anyway, but some of the scams from unscrupulous ones are still quite nasty and clever with their tactics. GP's transparency model should be the new normal.

Quoting Singh1
...Right now GP is actually running a Live and Demo competition and I will strongly advise anyone reading this to participate and test the water and win free money while doing so. Regards, Singh
You can participate, but must have a live account to have any winnings deposited. The contest is not open to the general public; only invited people can participate. If you are subscribed to Ivan's Insights, GP newsletter, Discord channel, or are otherwise a client of GP, you should receive the contest signup instructions.
Check this link out from Global Prime

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Titan Black
Quoting forevermaat
{quote} GP's transparency model should be the new normal
Agreed!! I have recently switched to them, after doing my due diligence looking at spreads, swaps etc. Very impressed with their customer service. My initial driver was looking for a broker with higher leverage than ESMA 30:1 but at same wanting to avoid bucket shops, and was really pleasantly surprised to find a broker that is so dedicated to transparency and no B-book. Retail forex is a quagmire and terms like 'ECN' etc are bandied about but if you really dig there are no clear cut and reliable definitions, brokers obfuscate all the time. I don't know how some in the industry sleep. Obviously one's PnL is largely down to other things but it's a relief not without worrying/wondering about B-book rubbish. And I want my broker to be a financial services firm not a gambling firm.

Re. leverage they give 100:1 as standard (200:1 on special application) which is more than enough. However, if you are an Australian resident I believe they will soon be hit by similar restrictions as ESMA - but if you're overseas like me you will still be able to get the higher leverage.

They're active on a Discord channel although it's a little noisy for my liking, I prefer to minimise distractions but if you want mentoring or wotnot it's available. Re. A-book vs B-book brokers, it's well worth checking out their 'How Forex Brokers Make Money Series' series
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Greetings to you all,

Hoping you're all doing well at this time.

Thanks for all the information posted regarding Global Prime and their offerings. I have found it all to be quite informative - with the only exception being...

Since I, just like so many traders, reside in the US, we are unable to trade with Global Prime, which is a shame to say the least.

I would be most appreciative of any information anyone would kindly be willing to provide regarding whom they would say is the best broker (US based and/or otherwise) they'd recommend that not only accepts US traders, but also has the MT5 platform available.

Thank you all in advance.
  • Post #13
  • Quote
  • Last Post: Apr 16, 2021 1:52am Apr 16, 2021 1:52am
Quoting Immanuel4ITM
Greetings to you all, Hoping you're all doing well at this time. Thanks for all the information posted regarding Global Prime and their offerings. I have found it all to be quite informative - with the only exception being... Since I, just like so many traders, reside in the US, we are unable to trade with Global Prime, which is a shame to say the least. I would be most appreciative of any information anyone would kindly be willing to provide regarding whom they would say is the best broker (US based and/or otherwise) they'd recommend that not only...
Wish we could take you on. A US license for GP is not off the cards, investigating at the moment so maybe one day

Unfortunately your options are pretty limited I would say but maybe someone can help you out. Have a great weekend.

Cheers
Jeremy
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