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Global Prime Discussion

  • #41
  • May 23, 2019 7:02pm May 23, 2019 7:02pm
Global Prime, still one of the best as far as I'm concerned. And rest assured I'm not easily impressed by brokers.

Check reviews online for confirmation.
  • #42
  • May 23, 2019 11:37pm May 23, 2019 11:37pm
Global Prime may be one of the best but every time there is an important Red Flag news their platform freezes and this has been going on for years...Fortunately I run multiple broker accounts..The problems is not mine as I run multiple broker accounts and several computers ...This allows me to watch markets on other brokers when this happens...Clearly the exception being NFP.
Please note that I am not a new chum as I have been trading for over 20 years.
R
Ronnie Renko
  • #43
  • May 24, 2019 6:42am May 24, 2019 6:42am
Quoting Ced74
Global Prime may be one of the best but every time there is an important Red Flag news their platform freezes and this has been going on for years...

I have never ever encountered this issue. If GP is the cause we should both be encountering the same problem.
  • #44
  • May 25, 2019 4:14am May 25, 2019 4:14am
I like the fact that they are australian based and not on some unknown islands or something like that really. Min deposit are quite high like $200, however 0 fees for both withdraw and deposit. Ah, those are AUD LOL, They also have good rankings on Forex Peace Army, go for them.
  • #45
  • May 25, 2019 6:08am May 25, 2019 6:08am
Quoting demark1
FXOPEN AU beats global prime in terms of commission, execution, leverage and spread. Global prime is a sister company of IC markets so they are more or less the same shit. IC markets slip every order a few pips while global prime slip big time once a while. Spread is higher than most Australian brokers. Pepperstone seems to be the largest forex broker but I have no experience. It is funny that someone said never had slippage. Only Market maker can do that but then market makers can screw you up by lock up trades, slow execution, widening spread,...
Quoting entheos
http://www.forexfactory.com/showthre...21#post8350121
GP is owned by Gleneagle Securities in Australia, which has a real Prime Broker relationship. IC Markets is owned by eToro. Not sure how much longer ICM will last, considering some of the recent scam alerts on FPA (stop losses removing themselves, disconnecting feeds, etc)

Au brokers can perform broker-to-broker transfers in some cases with a signed release form.

Quoting demark1
....One thing special is that u can request a receipt from them when u get a big slippage and u can see order rejection from the receipt to understand why the slippage. u got to find out by yourself. people here, including me, have very low credibility in general. what u read here is more likely wrong than right...
The fact that they offer post-trade reporting is a big standout from the typical retail broker. When other brokers have "close-only" situations for high impact news, they are still pricing (including SNB Jan 2015).

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
Is that a fact based on.....???? You cannot judge spreads alone without looking at market depth also. Consider this: 0.2 or 0.3 pip + ability to place a 10 or 20 lot size trade and actually get hit at that price. Vs quoting 0.0-0.1 pip spread but only for a few 0.01 or 0.2 lot size.

Actually, their primary audience is institutional/professional trader, so they use 100% agency model. But the retail arm is there in part to help seed the up and coming professional. That is why they don't do all the things that you may see in other brokers (1:500 leverage, reneging of trade deals, negative balance protection, etc).

Quoting genienguyen
Hello, can you help me with my trade above with Global prime? What could be the explaination in the case where no spread widening but still stop loss is not executed and auto close few pips later? is it being manipulated by global prime? Sorry I am a newbie .
Did you reach out to support and request trade report? They will tell you how this works. You should do this within 48 hours of the discrepancy.


Quoting 7Shun
I like the fact that they are australian based and not on some unknown islands or something like that really. Min deposit are quite high like $200, however 0 fees for both withdraw and deposit. Ah, those are AUD LOL, They also have good rankings on Forex Peace Army, go for them.
$500 Minimum deposit is fair, as most PoP require $20k or more, assuming they accept retail clients. Futures brokers have $2-3,000 minimums. How much volume can you really trade on $1-500 USD, with 1:100 leverage?

Quoting 9jatrader
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"
They are an agency broker, so their advertising budget is limited. Their target audience is very different. This turns out to be a good thing, since ASIC now going after brokers who actively solicit non-Au residents (particularly Chinese residents). If you find them "on your own" then this does not usually bother regulators.

It's mostly the bucket shops that will be kicked out of Au or force non-Au residents to go to some offshore entity.

Global Prime Au does not have a presence here on FF with a rep. Steve Hopwood or DonnaFx are the forums to go to. But now they also have a chat on Discord, and you can talk with staff directly there as well as other traders who have accts there.
  • #46
  • Jun 21, 2019 9:01am Jun 21, 2019 9:01am
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.
Quoting an old post here with past experience from Armada Markets. They're bad and cunning. If you'll let me suggest, you might as well sign up with Oanda, Interactive Broker, LMax, Darwinex, Global Prime, IG.
  • #47
  • Jun 21, 2019 9:25am Jun 21, 2019 9:25am
Ic Global prime still accepting overseas clients? or will they switch to another regulator other than ASIC
  • #48
  • Jun 21, 2019 9:39am Jun 21, 2019 9:39am
Quoting followthroug
Ic Global prime still accepting overseas clients? or will they switch to another regulator other than ASIC
Yes, but you'll be transferred to an offshore regulator as reinstated by Global Prime. If I'm not mistaken, it's Global Prime Vanuatu that serves you instead of Global Prime Australia.
  • #49
  • Mar 6, 2020 11:25pm Mar 6, 2020 11:25pm
About GlobalPrime is a registered Vanuatu company - VFSC regulated (for overseas only):

https://www.globalprime.com.au/about...-and-licensing

https://www.globalprimefx.com/about/...-and-licensing

https://www.financemagnates.com/fore...-against-asic/
  • #50
  • Edited 5:11pm Mar 26, 2020 4:26pm | Edited 5:11pm
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Global Prime Xau/usd
Never said I was Batman,all I'm saying is you'll never see us together.
  • #51
  • Oct 19, 2020 5:04am Oct 19, 2020 5:04am
Quoting demark1
{quote} Never had slippage means global prime is a market maker. end of story. Funds can be transfer between IC markets and global prime internally so they are sister companies. It is very unlikely that global prime has more real volume than fxopen because fxopen has 200k clients while global prime might only have less than 10k( I do not know the exact number). The volume on myfxbook is the number of ticks and it has been pointed out many times on this forum. 0.2 pip slippage is really good. which one is your reputable European Broker? slippage...
BS they are not a market maker!~ pleaseeeeeeeeeeee!

my experience is that I get positive slippage more than anything else. and feel free to go see for yourself....

https://www.globalprime.com/trading-...ions/slippage/
  • #52
  • Oct 19, 2020 5:07am Oct 19, 2020 5:07am
Quoting jdieieh
{quote} How they can be true ECN broker with spread 0.8 on EURUSD? It sound like oxymoron
BECAUSE OBVIOUSLY, THE SPREAD is 100% determined by the bids and offers from the LP's

fact is GlobalPrime is one of the ONLY real ECN brokers out there....
  • #53
  • Oct 19, 2020 5:09am Oct 19, 2020 5:09am
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
wrong again, this broker is only running an A book broker, so unlike your bozo b book brokers, GlobalPrime doesnt make anything when you set silly stop losses and they fill for a loss.

in a b book your stop losses are your brokers entries.
  • #54
  • Oct 26, 2020 4:54pm Oct 26, 2020 4:54pm
Quoting rmrf
{quote} BS they are not a market maker!~ pleaseeeeeeeeeeee! my experience is that I get positive slippage more than anything else. and feel free to go see for yourself.... https://www.globalprime.com/trading-...ions/slippage/
i m not sorry for your bullshit. they just outsource market making to a few so called liquid providers.
Get a useless trade receipt and see for yourself. delay slippage order rejection etc is all printed on the receipt.

Of course positive slippage does happen once a while but huge negative slippage is more common.

Just to let you know Forex.com is a well known market maker but I do receive positive slippage on at least 50% of all my orders. is forex.com Not a market maker? LOL

There is next to no advantage of trading with global prime. On top of spread you pay a big commission. adding the 2 together and slippage is the real cost If you like Australia brokers there is IC market which is 10 times bigger than global prime in terms of trading volume
  • #55
  • Edited 8:57am Oct 27, 2020 1:01am | Edited 8:57am
Quoting demark1
{quote} i m not sorry for your bullshit. they just outsource market making to a few so called liquid providers. Get a useless trade receipt and see for yourself. delay slippage order rejection etc is all printed on the receipt. Of course positive slippage does happen once a while but huge negative slippage is more common. Just to let you know Forex.com is a well known market maker but I do receive positive slippage on at least 50% of all my orders. is forex.com Not a market maker? LOL There is next to no advantage of trading with global prime. On...
Ready to be disproven? Global Prime trade receipts show which bank filled the trade, the full depth at the time and they actually help to show you are the one making stuff up. On the receipts we can see 20+ liquidity providers in the full order book on ANY of our trades. I'll attach a part of the trade receipts which shows this. If you think Saxo, LMAX, Barclays, HSBC, UBS, Credit Suisses and JP Morgan, State Street are "outsource market makers" you are dreaming.

Global Prime has 3 Prime Broker relationships - if you have any idea how Prime Brokers work there would be no need for them to have this liquidity setup if they were "outsourcing market making to a few liquidity providers. IC Markets may be bigger in trading volume but clients are just a number there as can be seen by the horror stories all over the place of ripped off clients which makes sense as they don't want their clients to win as they b-book 90% of their flow.

When you say IC Markets have more volume than others is it only volume that matters? The issue with retail clients is being naive and brainwashed by handy and catchy phrases but in reality you are in, hooked to some fantasy. The industry is rotten and Global Prime is here to bring a change in this space.

Global Prime you would be hard pressed to find any complains about them online. We all hang out in their Discord and the founders and team are available to answer questions at any time. Stop making up lies, you literally have no idea how the market works and if you are ready to have your eyes opened why don't you join their Discord and ask them yourself in front of all their clients.
Trade receipts hold the broker accountable to their client and only a-book brokers who care about their clients winning would ever offer a feature like this.

I haven't seen any broker accept liability all they do is offer scripted messages on live chats. Challenges are there in the markets but a broker with balls to accept that something happened and can be fixed is Global Prime. No wonder the positive reviews online unlike the large so called volume B-book brokers.
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Titan Black
  • #56
  • Oct 27, 2020 3:39am Oct 27, 2020 3:39am
GP looks like a fine broker;
however, I am an european trader and GP's servers are far away (NY), and their bank accounts are far away (AU), and they only offer this crappy MT4, and their spreads and commissions are somewhat too high for lots of quick in-out trades, and relatively low leverage. So, unfortunately for me they are not that attractive.
Return To Disorder
  • #57
  • Edited 7:00am Oct 27, 2020 6:36am | Edited 7:00am
Quoting rockit
GP looks like a fine broker; however, I am an european trader and GP's servers are far away (NY), and their bank accounts are far away (AU), and they only offer this crappy MT4, and their spreads and commissions are somewhat too high for lots of quick in-out trades, and relatively low leverage. So, unfortunately for me they are not that attractive.
Actually they offer TraderEvolution and soon TradingView. Commissions can be reduced and leverage increased to 1:200 anyone offering higher than that are B-bookers. More so they deal with tier one banks and don't charge for deposits and withdrawals. Actually its quite fast.

For the servers the NY is a standard thing and a VPS can do with 1ms latency that's pretty quick
Some of the images are here
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Awesome platform for institutional clients being offered to retail.
Titan Black
  • #58
  • Oct 27, 2020 8:43am Oct 27, 2020 8:43am
These guys use Tradeview charts as well:

https://global.markets.com/en/?&inte...%20Markets.com
every Saint has a past. Every Sinner has a Future
  • #59
  • Oct 27, 2020 9:01am Oct 27, 2020 9:01am
Quoting turnip15
These guys use Tradeview charts as well: https://global.markets.com/en/?&inte...%20Markets.com

Who are those guys. Haven't heard of them!
Titan Black
  • #60
  • Oct 27, 2020 10:00am Oct 27, 2020 10:00am
Quoting collosangy05
{quote} Who are those guys. Haven't heard of them!
Read the site . And use "Google"

look at the various regulators it follows such as FCA in the UK.
https://global.markets.com/en/?&inte...20Markets.com#
every Saint has a past. Every Sinner has a Future
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