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Global Prime Discussion

  • #21
  • Sep 5, 2017 4:07am Sep 5, 2017 4:07am
Quoting 9jatrader
{quote} Check FPA
I checked https://www.instaforex.com/forexpeacearmy.php instead
  • #22
  • Sep 5, 2017 4:13am Sep 5, 2017 4:13am
Quoting BataviaTrade
{quote} I checked https://www.instaforex.com/forexpeacearmy.php instead
Global Prime and Tickmill are great, not instaforex
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.8%
  • #23
  • Sep 5, 2017 7:53am Sep 5, 2017 7:53am
Instaforex: legitmiate russian business men, lol
Tickmill: the 2 bros behind Tickmill (formerly Armada Markets) have been caught doing prearanged trades in deep OTM RUB-options at the CME. Only reason to do this is either tax evasion or money laundring. Wouldnt touch.
  • #24
  • Sep 11, 2017 11:56am Sep 11, 2017 11:56am
Instaforex is one of the biggest fraudulent broker out there...
I wouldn't touch it with a ten feet pole.

Ps i have traded with them before i knew any better.
  • #25
  • Oct 23, 2017 7:43pm Oct 23, 2017 7:43pm
Quoting shrike
Instaforex: legitmiate russian business men, lol Tickmill: the 2 bros behind Tickmill (formerly Armada Markets) have been caught doing prearanged trades in deep OTM RUB-options at the CME. Only reason to do this is either tax evasion or money laundring. Wouldnt touch.
any evidence?

Read fact

https://www.financemagnates.com/fore...-shore-entity/
  • #26
  • Dec 8, 2017 6:41am Dec 8, 2017 6:41am
Global Prime is a very good broker, above all, very honest, interested in the customer to keep making money so he can keep trading and them charge the commissions. support staff is 5 stars, they reply right away and are very kind. withdrawals are super fast , usually within the same working day, even in a few hours sometimes. they even provide receipts (if asked) to show that orders are sent directly to the market. global prime is not a market maker, but a true ECN broker. spread is 0.2-0.8 pips on eur usd and usually 1 pip average on major pairs. demo platform and live platform prices are identical, no hidden agenda there.. im not affiliated with them, just saying what i experienced, thanks
  • #27
  • Dec 8, 2017 8:31am Dec 8, 2017 8:31am
its only 1:100 leverage ?
  • #28
  • Dec 8, 2017 10:31am Dec 8, 2017 10:31am
Quoting fx75
its only 1:100 leverage ?
They offer 1:200 as well but I think you need to answer some questions about your trading.

FYI high leverage is often a sign of market makers wanting you to blow your account. There's some stat somewhere that shows that accounts with higher leverage blow much quicker.

Cheers,
Piplife
  • #29
  • Dec 8, 2017 11:19am Dec 8, 2017 11:19am
Quoting luca1073
Global Prime is a very good broker, above all, very honest.... not a market maker, but a true ECN broker. spread is 0.2-0.8 pips
How they can be true ECN broker with spread 0.8 on EURUSD? It sound like oxymoron
  • #30
  • Dec 8, 2017 12:24pm Dec 8, 2017 12:24pm
Quoting jdieieh
{quote} How they can be true ECN broker with spread 0.8 on EURUSD? It sound like oxymoron
Most of the time is 0.2 and 0.4 and it even gets close to 0.
  • #31
  • Dec 8, 2017 12:25pm Dec 8, 2017 12:25pm
Quoting fx75
its only 1:100 leverage ?
As somebody else pointed out 1:200 is done on request. I have 1:100 and happy with it and you have to pass a test anyway lol. I dont know if anyone failed but questions are not so easy .
  • #32
  • Dec 8, 2017 4:06pm Dec 8, 2017 4:06pm
also 1:200 is only for small accounts? ..
any way 1:100 is not bad when you have big account size ..
  • #33
  • Dec 8, 2017 9:37pm Dec 8, 2017 9:37pm
Quoting luca1073
{quote} Most of the time is 0.2 and 0.4 and it even gets close to 0.
0.2-0.4 on EURUSD still does NOT mean REAL ECN broker

Seriously, with this pair and liquidity, 0.0-0.1 most of the time is normal. If you have 0.2-0.4 most of the time, you are donating at least 0.2 to your broker
  • #34
  • Dec 8, 2017 10:03pm Dec 8, 2017 10:03pm
Quoting jdieieh
{quote} 0.2-0.4 on EURUSD still does NOT mean REAL ECN broker Seriously, with this pair and liquidity, 0.0-0.1 most of the time is normal. If you have 0.2-0.4 most of the time, you are donating at least 0.2 to your broker
for me 0.2 -0.4 is not a lot to be sincere. upto 1 pip -1.5 (on some less common pairs ) is fine to me. i guess if you re trading big lots 0.2 will make a big difference though.

with global prime so far i'm having peace of mind that is priceless. this business is already not so easy and a minefield. if on top of it you cannot even trust your broker when you make money, whats the point?

now out of curiosity what broker are you using?

one of these review is mine(2 nd page). they are not fake reviews:

http://www.forexpeacearmy.com/forex-...alprime.com.au
  • #35
  • Dec 9, 2017 3:49am Dec 9, 2017 3:49am
Quoting luca1073
{quote} for me 0.2 -0.4 is not a lot to be sincere. upto 1 pip -1.5 (on some less common pairs ) is fine to me. i guess if you re trading big lots 0.2 will make a big difference though. with global prime so far i'm having peace of mind that is priceless. this business is already not so easy and a minefield. if on top of it you cannot even trust your broker when you make money, whats the point? now out of curiosity what broker are you using? one of these review is mine(2 nd page). they are not fake reviews: http://www.forexpeacearmy.com/forex-...alprime.com.au...
Global Prime Australia rules the Forex market. How they manage to be on top by satisfying customers always surprises me all the time. Minimum is $500
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.8%
  • #36
  • Dec 9, 2017 3:52am Dec 9, 2017 3:52am
They don't advertise here and there all over the internet like some brokers, yet those who have tried to trade with can be considered "Lucky"
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.8%
  • #37
  • Edited 6:13am Dec 9, 2017 5:45am | Edited 6:13am
Quoting 9jatrader
{quote} Global Prime Australia rules the Forex market. How they manage to be on top by satisfying customers always surprises me all the time. Minimum is $500
the first thing a broker should do is being honest. There are so many scammers out there that with any excuse they will try to separate you from your money, "lawfully" or not. there are the pure scammers and the half scammers but at the end they are scammers.

Global Prime seems to do the opposite . That is a BIG plus and already puts them ahead of the majority

the rest is customer support, decent spread, good execution
  • #38
  • Dec 11, 2017 7:28am Dec 11, 2017 7:28am
I thought 0.8 and even 0.4 was too high from what I usually see on their platform so I checked them out on Myfxbook.

Here's the link: https://www.myfxbook.com/forex-broke...-spread/1065,1

Cheers,
Piplife
  • #39
  • May 18, 2019 12:08pm May 18, 2019 12:08pm
Quoting pipmunks
I've been trading for 5 years. During 5 years, I already changed broker many times, mostly ECN broker with tight spread because I'm scalping. You can name a few, like UK, AU, Cyprus based broker. The latest broker I switched to was Global Prime. It was almost 2 years ago. From my experience, their execution is best among any broker that I tried. I only use stop order to enter the trade, and any slippage will noticeable. In normal market condition their slippage vary from 0-0.4 pips. Although it's minimal, they don't encourage news trading to their...
  • #40
  • May 21, 2019 6:46pm May 21, 2019 6:46pm
Global Prime - If 4-5 days processing deposits (within the same country) is your thing, then I would hate to try withdrawals.
My comments are not to be taken as trading advice, not a financial advisor
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