Global Prime slippage

Hi all,

I’m with global prime for quite some time, guess for 8 years… almost since there beginning when Jeremy started it.
Someone else is running the show and I have the feeling that the service isn’t what it used to be.

I’m not a big money trader, I always trade below 0.1 lot.
I have the feeling that I’m not being taken seriously.

Here is what happened.
I had 2 open trades… first is in the first attachement. Stoploss was at 1.26973 and cause of slippage it closed at 1.27155
second trade was the same as the first only with lower lots.
then I had 2 buy stop trades ready at 1.2697 and both triggered also at 1.2715 and I had to close them manually… so I know are where losses but because of the slippage they are much bigger

what if I was trading full lot, and this happens and global tells me I have to make notice that this can happen and it is my own risk and they won’t make it up.
I also attach a screenshot with their reply.

What do you guys think? Can there be a slippage of almost 20 pips?

I feel you as a trader however it is possible and is done regularly in the markets and global prime isn't just the only one. I have been with them about 4 years ago then I switched because of this. ive changed brokers about 6 times and what I have noticed is yes some brokers do have slippage but also mt4 mt5 tend to be most culprits in my experience. after using icm/pepperstone ctrader and dukascopy ive not experienced such things even with similar brokers on mt5/mt4. my advice is to try an alternative broker and platform and always diversify your portfolio between brokers.

Well, I've had slippages of close to 100.0 pips, both negative and positive (in my favor).

There was a news release at that time:
https://www.forexfactory.com/calenda...#detail=133574
(GBP retail sales)

Slippages during news releases, weekend gaps etc. are perfectly normal.

The difference between a good broker and a bad broker is that a good broker should also allow positive slippage in the same situations.
So for example if you'd had a take profit order instead of the stop-loss and it was hit during that news event, there should have been the same slippage of 20 pips or so, but in your favor.

Unless you have the data on a sizable number of trades with slippage in both directions, and ideally with several brokers to compare the results, you can't really jump to conclusions based on a single news release.

Global Prime is not a broker to be trusted.