Global Prime - The World's Most Transparent ECN Broker?! | Page 6 | Forex Factory

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Global Prime - The World's Most Transparent ECN Broker?!

  • #101
  • Jun 30, 2021 5:39pm Jun 30, 2021 5:39pm
What is Global Prime's relationship with BouyTrade. Can GP vouch for this company?
  • #102
  • Jul 1, 2021 5:55am Jul 1, 2021 5:55am
Quoting Marcusv007
{quote} Good to know, ..... btw I got my live account going on the 9th of June, does one qualify?
Yup if it's not set yet ask nicely on the Livechat let 'em know Jem said to sort you out.

Quoting Candleness
{quote} I have been on the commission free trading account for close to two weeks now, and it's been amazing! It's also noteworhty that I took my time to observe and compare the spreads. Great offer!
Awesome, glad you are enjoying the offering

Quoting KoiFish
What is Global Prime's relationship with BouyTrade. Can GP vouch for this company?
They are a client of ours for liquidity and platforms - any questions for them please shoot their way. They have a Discord if you'd like to ask anything publicly.

Cheers,
Jeremy
  • #103
  • Jul 1, 2021 9:20am Jul 1, 2021 9:20am
Quoting herbie88
You advertise completly different.For live accounts you charge commision and spread which is very expensive .Plus your spreads are not competitive.
I've a live account with GP, the spread is really competitive and zero commissions.
  • #104
  • Jul 1, 2021 5:45pm Jul 1, 2021 5:45pm
Quoting saveinves
{quote} I've a live account with GP, the spread is really competitive and zero commissions.
Thanks so much for sharing ! Appreciate it

If there’s anything we can do to help on your Forex journey please reach out.

Cheers
Jeremy
  • #105
  • Jul 2, 2021 6:23am Jul 2, 2021 6:23am
How can we open multiple orders of the same pair simultaneously in your brokerage? I say so because I can't do it with some expert advisor
  • #106
  • Jul 5, 2021 2:16pm Jul 5, 2021 2:16pm
Quoting trade1969
How can we open multiple orders of the same pair simultaneously in your brokerage? I say so because I can't do it with some expert advisor
I trade with Global Prime and I'm able to open multiple orders of the same pair simultaneously.

But if you meant to ask help on grid trading, then visit the Global Prime discord server for a free grid trading script download.
Process is the kernel of trading.
  • #107
  • Jul 8, 2021 3:38am Jul 8, 2021 3:38am
Managed to eke out a gain of +10% with this test account, still haven't got the hang of placing trades.

Another gripe is the opening prices often cause exaggerated candles which makes visual analysis useless.

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MAY THE TREND BE WITH YOU
  • #108
  • Jul 8, 2021 4:55am Jul 8, 2021 4:55am
Hi there, I was wondering if this broker or any other broker out there offers cent accounts for the XAG/EUR pair?

Would appreciate your help!

Cheers
  • #109
  • Jul 9, 2021 1:24am Jul 9, 2021 1:24am
Quoting Profitraders
Hi there, I was wondering if this broker or any other broker out there offers cent accounts for the XAG/EUR pair? Would appreciate your help! Cheers
YES, or JA JA

https://cdn.globalprime.com/commodities_specs.pdf

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MAY THE TREND BE WITH YOU
  • #110
  • Jul 10, 2021 12:52pm Jul 10, 2021 12:52pm
Quoting Candleness
{quote} I trade with Global Prime and I'm able to open multiple orders of the same pair simultaneously. But if you meant to ask help on grid trading, then visit the Global Prime discord server for a free grid trading script download.
Thanks mate
  • #111
  • Jul 19, 2021 8:27am Jul 19, 2021 8:27am
Quoting Jemook
{quote} Thanks so much for sharing ! Appreciate it If there’s anything we can do to help on your Forex journey please reach out. Cheers Jeremy
Hi Jeremy,
I believe that you offer 200:1 leverage if the trader completes a successful risk assessment. Can you tell us what is involved in the risk assessment? What would stop a trader from being allowed 200:1 on GP?

Thanks
  • #112
  • Jul 20, 2021 10:26am Jul 20, 2021 10:26am
Quoting bluepanido
{quote} Hi Jeremy, I believe that you offer 200:1 leverage if the trader completes a successful risk assessment. Can you tell us what is involved in the risk assessment? What would stop a trader from being allowed 200:1 on GP? Thanks
thats what you got, if requesting 1:200 ...

Hi,

Our standard leverage offered is 1:100. We may be able to offer up to 1:200 leverage for FX after an assessment of your trading style. Leverage for XAUUSD and XAGUSD is limited to 1:100, CFDs are also limited to 1:100.

Please fill out the below questionnaire to apply for higher leverage. After we receive your response we will work out a maximum exposure in lots that you will need to keep below in order to maintain your higher leverage.

Important: If you hold more than your agreed maximum lots exposure we will notify you by email and you will have 24 hours to reduce your exposure back to the agreed limit or your leverage will be changed back to 1:100.

1. What is the MT4 Account # you wish to adjust the leverage on?

2. Do you hold positions over the weekend?

3. What are the maximum lots you intend to hold at any one time if you add up all open positions?

4. What is the current balance of the account you wish to have higher leverage on?

5. What leverage are you after (no more than 1:200)?

6. Which pairs do you intend to trade the most?

7. Are you aware that higher leverage means a significantly higher risk to your account?

8. Are you aware that if your account goes into negative due to a market gap you will be required to deposit funds to bring the negative balance back to 0?
  • #113
  • Jul 21, 2021 3:18am Jul 21, 2021 3:18am
Quoting J.Forex
{quote} thats what you got, if requesting 1:200 ... Hi, Our standard leverage offered is 1:100. We may be able to offer up to 1:200 leverage for FX after an assessment of your trading style. Leverage for XAUUSD and XAGUSD is limited to 1:100, CFDs are also limited to 1:100. Please fill out the below questionnaire to apply for higher leverage. After we receive your response we will work out a maximum exposure in lots that you will need to keep below in order to maintain your higher leverage. Important: If you hold more than your agreed maximum lots...
Thank you.
  • #114
  • Jul 21, 2021 12:53pm Jul 21, 2021 12:53pm
I just want to give a feedback on the support team,

it's the first time i can discuss with true human ! And for the first time i see a native french (tired to speak with my bullshit english with Neteller support,etc)

and 2 times he answered me in seconds, and write long answers to be sure we agree,etc. (even when i was writing in english)

and after that we even had little chit-chat without formality ,

honestly it's refreshing, i hope the trading conditions will be good surprises like that also !
  • #115
  • Jul 28, 2021 6:18am Jul 28, 2021 6:18am
Quoting thomasz1
I just want to give a feedback on the support team, it's the first time i can discuss with true human ! And for the first time i see a native french (tired to speak with my bullshit english with Neteller support,etc) and 2 times he answered me in seconds, and write long answers to be sure we agree,etc. (even when i was writing in english) and after that we even had little chit-chat without formality , honestly it's refreshing, i hope the trading conditions will be good surprises like that also !
Awesome to hear! Thanks for sharing your feedback. Please keep us posted on how you find things after you start trading

Cheers,
Jeremy
  • #116
  • Aug 5, 2021 1:50am Aug 5, 2021 1:50am
Hey Jeremy, hope u and the GP family are all well...

Thanks for all your help and good work you guys are doing, BTW I'm now trying the commission free trading (Your support staff are worth their weight in Gold)

Question: My one qualm with trading on your platform is with regard Indices in particular HK50 (HSI) & JPN225 (Nikki) one is not able to do 0.1 lots instead the minimum is set at 1lot for both, why, why is that? I got burnt last week with the Chinese regulatory business which affected HK50 dramatically , which of course is my fault NOT GP's.

But honestly I suspect I have no option but to switch to either LMAX or Roboforex who both allow for minimum 0.1lot size on all indices.

I did notice ALL indices and commodity trades are directed through to VIDARR, is the assumption that this YOUR preferred liquidity provider has set the bar at 1 lot?

Thanks
The more you learn, the more you see
  • #117
  • Aug 5, 2021 8:23am Aug 5, 2021 8:23am
I've looked USDTRY several days and i've never seen it tradable, it's the same for some other pairs,

can you explain to me why we can't trade him at the moment ? ty
  • #118
  • Aug 6, 2021 1:45am Aug 6, 2021 1:45am
Quoting Marcusv007
Hey Jeremy, hope u and the GP family are all well... Thanks for all your help and good work you guys are doing, BTW I'm now trying the commission free trading (Your support staff are worth their weight in Gold) Question: My one qualm with trading on your platform is with regard Indices in particular HK50 (HSI) & JPN225 (Nikki) one is not able to do 0.1 lots instead the minimum is set at 1lot for both, why, why is that? I got burnt last week with the Chinese regulatory business which affected HK50 dramatically , which of course is my fault...
Hi Marcus!

Thanks for the kind words! Most of our support staff are clients that we've hired so you end up speaking to a trader like yourself.

As a reference point for all our indices. 1 index point = 1 unit of base currency ie: AUS200 = 1 AUD - US500 = 1 USD - UK100 = 1 GBP etc

You can find our product specifications here: https://www.globalprime.com/wp-conte...ices_specs.pdf

Please let me know if you have further questions


Quoting thomasz1
I've looked USDTRY several days and i've never seen it tradable, it's the same for some other pairs, can you explain to me why we can't trade him at the moment ? ty
Hi Thomas!

We stopped offering USDTRY since May 2020. Turkish authorities classified certain FX transactions under a broad "market manipulation" umbrella - and were threatening large fines to banks who continue to trade. Our Prime Broker BNP Paribas therefore ceased clearing and settlement of TRY pairs.

Cheers,
Jeremy
  • #119
  • Aug 6, 2021 1:50am Aug 6, 2021 1:50am
Check out this recent AusBiz TV interview.

Inserted Video


FinTech trading brokerage Global Prime slashing trading cost across the board with an A-book dealing model. Saving traders up to 60% on trading costs and still providing market leading pricing and execution.

I explain why Global Prime is the #1 rated Forex and CFD broker and how Global Prime is the most transparent Forex and CFD broker in the industry.

We don't trade against our clients and profit from their losses. No execution tricks, so that every client can expect world class trading.

A-book/ECN model and STP/NDD execution.

Cheers,
Jeremy
  • #120
  • Aug 6, 2021 2:36am Aug 6, 2021 2:36am
Quoting Jemook
{quote} Hi Marcus! Thanks for the kind words! Most of our support staff are clients that we've hired so you end up speaking to a trader like yourself. As a reference point for all our indices. 1 index point = 1 unit of base currency ie: AUS200 = 1 AUD - US500 = 1 USD - UK100 = 1 GBP etc You can find our product specifications here: https://www.globalprime.com/wp-conte...ices_specs.pdf Please let me know if you have further questions {quote} Hi Thomas! We stopped offering USDTRY since May 2020. Turkish authorities...
I guess that's a No....gosh I ask a question and you re-direct me to your specs. The mind boggles!
The more you learn, the more you see
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