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

  • #121
  • Aug 6, 2021 4:05pm Aug 6, 2021 4:05pm
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...
Thank you for the answer (i'm working in the BNP Paribas network furthermore, didn't know you work with them ahah)
i'll go to sleep less idiot this night
  • #122
  • Aug 9, 2021 4:15am Aug 9, 2021 4:15am
Quoting Jemook
Welcome to Global Prime! I'm Jeremy, one of the co-founders of https://www.globalprime.com/ and I've been a Forex Factory member for 10 years now. If you are lucky enough to already be trading with us then you'll know what we are about. We've been in the game for almost ten years and have some of the happiest clients out of any broker worldwide. Check out our Forex Peace Army reviews (4.7 out of 5 stars from over 320 reviews) here: https://bit.ly/31UwOkg I recommend watching this interview with Etienne & I - we go through how...
Hi Jeremy,
I have to say I am disappointed: Not with your company but with my expectations and lack of technical knowledge.
My desktop Pc is a relatively new iMac and I have been trying out trading Micro index Futures via AMP Futures and TradeStation. Both of which allow one to link Tradingview charts with the brokers ( AMP or Tradestation).
After reading your site I got the idea that I could use Tradingview ( with Global prime as broker ) and trade via my iMac. But when I spoke to a representative -Mikey Herman, it seems I have to use trader evolution on a Windows platform plus Tradingview on the same Windows platform. Albeit Tradingview (HTML) will run on Apple , it seems TE doesn't?
I am not a fan of MT4 or of using applications to convert part of my Mac to a Windows friendly patch. However, being curious, I tried to load MT4 on my iMac and it failed. I then saw I had to workaround to fix that, so I left it. WEB MT4 doesn't seem to allow you to load outside indicators ( Roadmap on ff) for example.
Big disappointment as I was very interested in your company.
every Saint has a past. Every Sinner has a Future
  • #123
  • Aug 9, 2021 11:25pm Aug 9, 2021 11:25pm
Quoting turnip15
{quote} Hi Jeremy, I have to say I am disappointed: Not with your company but with my expectations and lack of technical knowledge. My desktop Pc is a relatively new iMac and I have been trying out trading Micro index Futures via AMP Futures and TradeStation. Both of which allow one to link Tradingview charts with the brokers ( AMP or Tradestation). After reading your site I got the idea that I could use Tradingview ( with Global prime as broker ) and trade via my iMac. But when I spoke to a representative -Mikey Herman, it seems I have to use trader...
Heya

Apologies if we got the wires crossed but you can definitely trade using your browser on TradingView without using TraderEvolution at all. Your TV/TE account logins are the same and you can create a new TV/TE account from inside your client portal at https://secure.globalprime.com/

Follow the instructions on this video to login with your TV/TE account details in TradingView.

Please let me know how you go!

Cheers,
Jeremy
  • #124
  • Aug 10, 2021 2:15am Aug 10, 2021 2:15am
Co-founder @ Global Prime, Jeremy Kinstlinger featured on Yahoo Finance.

6 trading pitfalls new investors should avoid when starting out.


Article can be found at the following link:
https://au.finance.yahoo.com/finance...223649705.html

Read on to see more details on the below 6 important tips we gave.

  1. Not understanding the risks involved
  2. Being afraid to ask questions
  3. Not enough emphasis placed on the psychology of trading
  4. Not having the right guidance and mentoring
  5. Trading without a plan or strategy in place
  6. Not choosing the right broker

Got any more tips? Would love to hear your thoughts!

Cheers,
Jeremy

  • #125
  • Aug 10, 2021 10:27am Aug 10, 2021 10:27am
Quoting Jemook
{quote} Heya Apologies if we got the wires crossed but you can definitely trade using your browser on TradingView without using TraderEvolution at all. Your TV/TE account logins are the same and you can create a new TV/TE account from inside your client portal at https://secure.globalprime.com/ Follow the instructions on this video to login with your TV/TE account details in TradingView. Please let me know how you go! Cheers, Jeremy
I spoke to one of your guys on chat, about my APPLE iMac not talking to the TE app, who got me to download TE to my android phone. He also sorted out my disaster of a set up re -my losing passwords and getting more confused etc. With a new password from chat I logged onto the TE app on my android mobile and then did same, on my Apple iMac, to TView using same log in as that used for TE. RESULT: Charts and data feed now working
I now find that if I turn off my android mobile the TradeView chart/Global prime data Feed package still works on TradeView - on my Apple iMac.

So I think I am a lot happier than yesterday
every Saint has a past. Every Sinner has a Future
  • #126
  • Aug 12, 2021 9:15pm Aug 12, 2021 9:15pm
Hi, Jeremy.

As someone who has signed up to be a funded trader at a prop firm using Global Prime as a broker, I have a question:
What are the advantages (if any) to us traders when a prop firm uses an independent broker like yours vs when they use their "own server?"

Can you unpack the possible pros and cons for the trader in the latter business model?

Thanks!
Amor Fati--F. Nietzsche
  • #127
  • Aug 13, 2021 3:58am Aug 13, 2021 3:58am
Quoting turnip15
{quote} ~~ I tried to load MT4 on my iMac and it failed. I then saw I had to workaround to fix that, so I left it. WEB MT4 doesn't seem to allow you to load outside indicators ( Roadmap on ff) for example. Big disappointment as I was very interested in your company.
In case it helps others reading this, there is a Mac OS version of Mt4, on the Mt4 web site.
Good Trading
  • #128
  • Aug 13, 2021 10:40am Aug 13, 2021 10:40am
Quoting doji
Hi, Jeremy. As someone who has signed up to be a funded trader at a prop firm using Global Prime as a broker, I have a question: What are the advantages (if any) to us traders when a prop firm uses an independent broker like yours vs when they use their "own server?" Can you unpack the possible pros and cons for the trader in the latter business model? Thanks!
Which prop firm are you with?
  • #129
  • Aug 13, 2021 5:51pm Aug 13, 2021 5:51pm
Quoting pantera1
{quote} Which prop firm are you with?
Lux.

Btw, @Jemook, are we allowed to view our trade receipts? If so, how? I also noticed commission/swap charges on my evaluation account.
Amor Fati--F. Nietzsche
  • #130
  • Edited Aug 17, 2021 2:22am Aug 16, 2021 11:23pm | Edited Aug 17, 2021 2:22am
Quoting doji
{quote} Lux. Btw, @Jemook, are we allowed to view our trade receipts? If so, how? I also noticed commission/swap charges on my evaluation account.
Hey Doji,

Thanks for your question.

Prop firms usually use demo accounts exclusively or similarly, whitelabel “live” servers which never reach the real market, or fund via very under-capitalized b-book broker accounts.

Prop firms rely on losing clients the way b-books rely on losing clients: if they get “unlucky” with profitable clients joining, a demo based b-book, or whitelabel prop firm can come to a halt. The profits earned from losing evaluations may not (and did not, in recent examples) suffice to cover the profits earned by winning clients.

A broker sending all trades to the market, would not accept the exposure and risk which many prop firms require, offering 1:200+ at high account equity levels. Most prop firms-in our experience-and when taking evaluations into account, have been and would be undercapitalized, unless they have large financial backing. Which has not proven to be typical, if it exists at all. We can’t comment on the well established firms, which now have a marketable model, and scale, for investors.

All prop companies using Global Prime are confirmed to be using an A-book only style of trading. We will not issue demo credentials to any prop firm, or live accounts, if they do not fulfil our strict standards.

 

  1. No profits can be earned from client losses for any trade or account.
  2. The prop firm does not receive any revenue share for losses.
  3. The prop firm does not run an a-book/b-book (hybrid) model for their accounts.
  4. All trades sent to Global Prime reach the real market
  5. Qualified accounts are all live server environments; not fake Live servers.
  6. All accounts are funded with real money and satisfy margin requirements.
  7. All accounts are capitalized to Global Prime’s stringent standards.


Global Prime will not continue any relationship if these rules are breached and will not enable a prop firm to offer it’s demo or live platform to clients. We will close any outstanding live and demo accounts held by the prop firm and vigilantly uphold our standards and integrity.

Hope that helps answer your question!

Quoting doji
{quote} Lux. Btw, @Jemook, are we allowed to view our trade receipts? If so, how? I also noticed commission/swap charges on my evaluation account.
Trade receipts would be available to the account holder so Lux could request them from us. Word on the street is that one of the firms may be integrating the trade receipts into their client portal which is pretty cool.

As for commission/swaps they would be the same as what you would expect to see on one of their funded accounts.

Cheers,
Jeremy
  • #131
  • Aug 17, 2021 3:32pm Aug 17, 2021 3:32pm
Impressed so far. Able to scalp indicies and shares ( new experience for me - shares that is) Having traded Futures I am impressed with speed of execurtion thus enabling me to scalp on one minute time frame. Still finding my way around CFD's but happy so far. Will record more in due course.
Chat and Discord help is excellent and, more important, quick.
every Saint has a past. Every Sinner has a Future
  • #132
  • Edited 5:02am Aug 18, 2021 12:02am | Edited 5:02am
Quoting turnip15
Impressed so far.
Mr T, some questions if I may on your trading setup. I'm not sure if I understand well enough to ask the right questions, my only experience is with MT4!

You use Tradingview (TV) for your charting and trades, with Global Prime (GP) as the broker.

Do GP provide the data to your TV account? Asking because my free TV account has a data feed without me selecting/using a broker.
Perhaps I should have first asked if you use a free or paid account with TV?
As you are trading on a web site (browser) on your Desktop PC, does this mean your orders (TP, SL) stay live when the PC is turned off?
Could you then login with another device to monitor the trades?

Thanks.
Good Trading
  • #133
  • Aug 18, 2021 5:38am Aug 18, 2021 5:38am
Quoting aud
{quote} Mr T, some questions if I may on your trading setup. I'm not sure if I understand well enough to ask the right questions, my only experience is with MT4! You use Tradingview (TV) for your charting and trades, with Global Prime (GP) as the broker. Do GP provide the data to your TV account? Asking because my free TV account has a data feed without me selecting/using a broker. Perhaps I should have first asked if you use a free or paid account with TV? As you are trading on a web site (browser) on your Desktop PC, does this mean your orders...
I am just hobby trader so no big insights I fear.
GP provides the data -they are linked via the TV site from which you choose a broker. As far as I am aware data is free -the TV package is the free one albeit you get Ads but they are easy enough to dismiss when the pop up. My desk top is an Apple iMac ( that's why I use TV because it is HTML thus works across any machine). I do not know if my device retains orders when turned off since I never have an open order overnight. I scalp ( one minute timescale) and ensure all trades are closed out when I log off. I have logged in with my Chromebook to look at charts on TV or look at Global view Discord channel. I could also trade via TV and GP if needed. Trader Evolution is my way in. Execution seems fast -faster than some I have checked. And I trade micro Futures via TradeStation where execution is quick but you have the hastle of wiring funds etc which is why I am looking at CFD's and GP seems better than many and respond to questions quickly.
But check what I write by looking at their Discord site - lots of info and help there.
So far, slippage does not seem to be a problem.
Bear in mind I am new to CFD's but so far GP seem okay for fast execution and data feed. And I am still evaluating my experiences.
Trader Evolution works across most devices to my knowledge and experience.
To any experienced users here -feel free to chip in if I have not made things clear.
every Saint has a past. Every Sinner has a Future
  • #134
  • Aug 19, 2021 9:25pm Aug 19, 2021 9:25pm
Quoting turnip15
Impressed so far. Able to scalp indicies and shares ( new experience for me - shares that is) Having traded Futures I am impressed with speed of execurtion thus enabling me to scalp on one minute time frame. Still finding my way around CFD's but happy so far. Will record more in due course. Chat and Discord help is excellent and, more important, quick.
Awesome feedback, thanks for sharing Turnip! And thanks for sharing your answers with aud.

Quoting aud
{quote} Mr T, some questions if I may on your trading setup. I'm not sure if I understand well enough to ask the right questions, my only experience is with MT4!
@aud if there's anything I can help answer please let me know. Definitely check out the Discord here where you can ask questions in real time in front of our community. https://www.globalprime.com/discord/

Cheers,
Jeremy
  • #135
  • Aug 19, 2021 9:28pm Aug 19, 2021 9:28pm
Just released a fresh post on Medium:

How to Get Close to Your Clients and Hire Them

https://globalprime.medium.com/how-t...m-51887d94b8af

I go through the hiring evolution at Global Prime and how hiring clients as staff can be a great move for a transparent business.

If you run a business there's some cool tips in there which may benefit you.

If you are a client of Global Prime and looking to join the team it walks through our hiring process and how you could potentially land a gig.

Cheers,
Jeremy
  • #136
  • Aug 19, 2021 11:09pm Aug 19, 2021 11:09pm
Hi Jeremy, as shown is a statistic found online showing top forex brokers daily trading volume (probably for 2019/2020). While I'm not certain about the accuracy of the figures, are you able to share with us Global Prime's daily trading volume in 2020? I believe many will be interested as well.
Attached Image (click to enlarge)
Click to Enlarge Name: global-largest-forex-brokers.JPG Size: 130 KB
  • #137
  • Aug 20, 2021 1:31am Aug 20, 2021 1:31am
Quoting Jemook
Just released a fresh post on Medium: How to Get Close to Your Clients and Hire Them https://globalprime.medium.com/how-t...m-51887d94b8af I go through the hiring evolution at Global Prime and how hiring clients as staff can be a great move for a transparent business. If you run a business there's some cool tips in there which may benefit you. If you are a client of Global Prime and looking to join the team it walks through our hiring process and how you could potentially land a gig. Cheers, Jeremy...
Hi Jeremy. How are you mate? I want to know what will be leverage for Bangladeshi traders ?
  • #138
  • Aug 21, 2021 9:19am Aug 21, 2021 9:19am
Quoting BigFisherman
Hi Jeremy, as shown is a statistic found online showing top forex brokers daily trading volume (probably for 2019/2020). While I'm not certain about the accuracy of the figures, are you able to share with us Global Prime's daily trading volume in 2020? I believe many will be interested as well. {image}
when i see instaforex in the same ranking with saxo or icmarkets my first thought is that this is from some IB websites hidden under 'compare forex broker' site... not trustworthy.
  • #139
  • Aug 26, 2021 9:31pm Aug 26, 2021 9:31pm
Quoting Xafa
{quote} Hi Jeremy. How are you mate? I want to know what will be leverage for Bangladeshi traders ?
For offshore clients our standard leverage is 1:100 and up to 1:200 after assessment and approval. Australian clients under ASIC fall under the leverage restrictions.

Quoting BigFisherman
Hi Jeremy, as shown is a statistic found online showing top forex brokers daily trading volume (probably for 2019/2020). While I'm not certain about the accuracy of the figures, are you able to share with us Global Prime's daily trading volume in 2020? I believe many will be interested as well. {image}
Sure, we average 1-2bn a day in volume.

Cheers,
Jeremy
  • #140
  • Aug 28, 2021 9:00pm Aug 28, 2021 9:00pm
Quoting Jemook
{quote} For offshore clients our standard leverage is 1:100 and up to 1:200 after assessment and approval. Australian clients under ASIC fall under the leverage restrictions. {quote} Sure, we average 1-2bn a day in volume. Cheers, Jeremy
so offshore client's only option is Seychelles?
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