DislikedHey Jeremy, My only gripe with GP is your liquidity is not very deep and slippage happens often.Ignored
Looks like you traded a few years ago with us and I believe we’ve improved a lot since then. I’d like to invite you to test again for yourself, we can provide the testing account for you to quantify on your own. Would love to hear what you think.
We have one of the thickest top of books in the market and our slippage and rejection stats look good from our side. If you have an example of a trade receipt showing thin liquidity or slippage then we’re happy to analyse in public but again you traded a few years ago and things have changed a lot since then.
Either way we show our slippage stats on this page and you’ll find that slippage is very balanced:
DislikedThe aggregators you use for your liquidity offer you that advantage of allowing you to show trade receipts, but most liquidity providers do not allow that.Ignored
PrimeXM as our aggregator is the only intermediary that could doctor the receipts on the way to us but they are a top technology company with no incentive to do so.
We’ve been offering trade receipts for almost 10 years and never had an issue with an LP that didn’t want to be disclosed. If we had an LP that wasn’t happy we would remove them from the stack.
Tier 1 banks in particular are anti b-book as they only see the toxic flow from them as "the juicy flow" is all internalised by the broker. So they are on our side if anything. If b-books didn’t exist they would see trillions of flow a month more.
Trade receipts are not a gimmick - they hold us accountable to our promise of great execution. Anyone with an issue can get in touch with all the facts rather than have to rely on the word of their broker. Keep in mind that our trade receipts are now automated and is more than just a detailed trade confirmation showing fill speed, slippage, spread, market profile, liquidity provider, etc
DislikedThis is obviously a downside to using the type of liquidity you use and also the metatrader system itself. Most brokers now are not b-booking their whole book, they are using netting and various other strategies to hedge.Ignored
As for MT4 we now offer TraderEvolution - https://www.globalprime.com/institut...aderevolution/
Through TraderEvolution you can see level 2 depth - you can open a demo to check it out from inside your Client Portal. We are also about to launch TradingView cross platform trading alongside it. So you can open/manage your positions on both platforms using the same login. Pretty cool.
DislikedGP is a retail broker. It was originally tied to another broker via a parent and here it is. Jeremy does a great job and always has. I simply asked, how are they going to adapt to a market that doesn't care so much about the transparency of trade receipts but cares more about the execution and size so long as they are getting paid. Which is what the new-age of dealing is doing.Ignored
As for where we go to from here? A huge focus on education via top class trading mentors which is currently available for our clients. Also a new commission model is in beta test that is up to 60% cheaper than the competition. Hit me up if you want to test it out.
Thanks again for your post - I hope the above helps. We are always a phone call away if you want to pick our brains deeper on this or anything else. I encourage a call especially for someone like you that seems to have taken the time to see how things work.