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Author Topic: Global Prime  (Read 193486 times)

Offline ninja_007

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Re: Global Prime
« Reply #45 on: March 17, 2013, 07:23:03 PM »

Are u under Australian regulation ?

You spread is not listed here

http://www.myfxbook.com/forex-broker-spreads

Offline jemook

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Re: Global Prime
« Reply #46 on: March 17, 2013, 10:19:15 PM »

Are u under Australian regulation ?

You spread is not listed here

http://www.myfxbook.com/forex-broker-spreads

Hi Ninja,

Yes we are regulated by ASIC - our Australian Financial Services License is: AFSL 385620.

In regards to myfxbook spreads section - to appear there a broker needs to pay for advertising. I don't mind doing a small campaign to get us on the list but I'm waiting for them to fix the values for Global Prime on the swaps page which is currently incorrect.


Offline jemook

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Re: Global Prime
« Reply #47 on: March 27, 2013, 10:14:00 PM »
I made this post in another thread and I want to re-iterate in the GP thread:

I believe Global Prime is the only broker in the world that on request can provide each of our clients with a trade receipt on ANY trade taken which shows which liquidity provider took the trade.

This proves that we do not run a book in any way, shape or form and that every single trade our clients take is indeed placed into the market. Global Prime does not, has not and will not ever run a book or be the counterparty to any client trades.

Ask your broker if they can prove to you that they do not run a book. IMO All this ECN / DMA / STP is hyped up marketing fluff unless your broker can prove to you that EVERY trade taken by it's clients is placed into the market. We can.

The only way Global Prime makes money is through the $7 per 100k round turn commission we charge. It's in our best interests for our clients to continue making money because we only make money when they stick around and are actively trading.

There is no conflict of interest and if anything we nurture our profitable traders by providing them company capital to trade with which will see them earn performance fees. If they continue to perform consistently we can then package them up as a fully licensed Managed Investment to offer to other clients.

Show me another broker that wants to see their traders win and profit as much as we do.

My main point is that we do not run a book and we can prove it by providing a trade receipt on any trade which shows which liquidity provider took the clients trade.

If anyone wants more information on this you are welcome to call our Sydney office on +612 8277 6611 or email me direct at jeremy.k@globalprime.com.au

Regards,
Jeremy

Offline trader578

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Re: Global Prime
« Reply #48 on: March 28, 2013, 10:43:38 PM »
Hi Jeremy,
I am curious where does your liquidity come from on days like today (Good Friday and Easter Monday) when all international banks are closed?  Thanks.

Offline guernica

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Re: Global Prime
« Reply #49 on: March 28, 2013, 11:24:54 PM »
Hi Jeremy,
I am curious where does your liquidity come from on days like today (Good Friday and Easter Monday) when all international banks are closed?  Thanks.
Banks are closed but forex departements never stops (except backoffice).

Offline robl45

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Re: Global Prime
« Reply #50 on: March 29, 2013, 12:19:00 AM »
One of the only ones in Australia that won't take IBC's with US citizens too.

I made this post in another thread and I want to re-iterate in the GP thread:

I believe Global Prime is the only broker in the world that on request can provide each of our clients with a trade receipt on ANY trade taken which shows which liquidity provider took the trade.

This proves that we do not run a book in any way, shape or form and that every single trade our clients take is indeed placed into the market. Global Prime does not, has not and will not ever run a book or be the counterparty to any client trades.

Ask your broker if they can prove to you that they do not run a book. IMO All this ECN / DMA / STP is hyped up marketing fluff unless your broker can prove to you that EVERY trade taken by it's clients is placed into the market. We can.

The only way Global Prime makes money is through the $7 per 100k round turn commission we charge. It's in our best interests for our clients to continue making money because we only make money when they stick around and are actively trading.

There is no conflict of interest and if anything we nurture our profitable traders by providing them company capital to trade with which will see them earn performance fees. If they continue to perform consistently we can then package them up as a fully licensed Managed Investment to offer to other clients.

Show me another broker that wants to see their traders win and profit as much as we do.

My main point is that we do not run a book and we can prove it by providing a trade receipt on any trade which shows which liquidity provider took the clients trade.

If anyone wants more information on this you are welcome to call our Sydney office on +612 8277 6611 or email me direct at jeremy.k@globalprime.com.au

Regards,
Jeremy

Offline Star

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Re: Global Prime
« Reply #51 on: March 29, 2013, 01:17:49 AM »
One of the only ones in Australia that won't take IBC's with US citizens too.

I made this post in another thread and I want to re-iterate in the GP thread:

I believe Global Prime is the only broker in the world that on request can provide each of our clients with a trade receipt on ANY trade taken which shows which liquidity provider took the trade.

This proves that we do not run a book in any way, shape or form and that every single trade our clients take is indeed placed into the market. Global Prime does not, has not and will not ever run a book or be the counterparty to any client trades.

Ask your broker if they can prove to you that they do not run a book. IMO All this ECN / DMA / STP is hyped up marketing fluff unless your broker can prove to you that EVERY trade taken by it's clients is placed into the market. We can.

The only way Global Prime makes money is through the $7 per 100k round turn commission we charge. It's in our best interests for our clients to continue making money because we only make money when they stick around and are actively trading.

There is no conflict of interest and if anything we nurture our profitable traders by providing them company capital to trade with which will see them earn performance fees. If they continue to perform consistently we can then package them up as a fully licensed Managed Investment to offer to other clients.

Show me another broker that wants to see their traders win and profit as much as we do.

My main point is that we do not run a book and we can prove it by providing a trade receipt on any trade which shows which liquidity provider took the clients trade.

If anyone wants more information on this you are welcome to call our Sydney office on +612 8277 6611 or email me direct at jeremy.k@globalprime.com.au

Regards,
Jeremy


It is  Global Prime`s loss

Offline trader578

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Re: Global Prime
« Reply #52 on: March 29, 2013, 01:56:22 AM »
Hi Jeremy,
I am curious where does your liquidity come from on days like today (Good Friday and Easter Monday) when all international banks are closed?  Thanks.
Banks are closed but forex departements never stops (except backoffice).

Interesting, so does this mean we are trading against machines during holidays, since all the bankers have gone home?  I wonder if the algorithms used by banks are moving the markets by themselves?
« Last Edit: March 29, 2013, 02:10:35 AM by trader578 »

Offline robl45

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Re: Global Prime
« Reply #53 on: March 29, 2013, 03:03:37 AM »
Hi Jeremy,
I am curious where does your liquidity come from on days like today (Good Friday and Easter Monday) when all international banks are closed?  Thanks.
Banks are closed but forex departements never stops (except backoffice).

Interesting, so does this mean we are trading against machines during holidays, since all the bankers have gone home?  I wonder if the algorithms used by banks are moving the markets by themselves?

not all banks are closed.  banks are open in the usa on good friday.  Then there are hedgefunds and others that are still trading etc.  huge money can be made on light holiday days if things go your way.  if a pair starts going up or down, usually it will just keep going as there are not participants to stop it, with breakout strategies, that can work nicely.

Offline zuk156

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Re: Global Prime
« Reply #54 on: March 31, 2013, 06:51:06 PM »
Jemook, since Global Prime, FxOpen Aus and IC Markets are in same building, you guys can go on a coffee and easily sign broker to broker deposit agreements between you three.


Offline bizmark

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Re: Global Prime
« Reply #55 on: March 31, 2013, 07:53:56 PM »
Jemook, since Global Prime, FxOpen Aus and IC Markets are in same building, you guys can go on a coffee and easily sign broker to broker deposit agreements between you three.

Yep, would really like to see Broker2Broker agreement between GP and ICM.

Offline Surrealistik

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Re: Global Prime
« Reply #56 on: March 31, 2013, 11:23:41 PM »
Yes please.

Offline jemook

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Re: Global Prime
« Reply #57 on: April 02, 2013, 05:53:45 PM »
We can very easily facilitate a broker to broker transfer with any broker that allows it and most of the good ones do. We accept broker to broker transfers and we can also send money out to other brokers if our clients wish.

Please email forex@globalprime.com.au if you'd like us to help you out with b2b transfers.

Regards,
Jeremy

Offline Surrealistik

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Re: Global Prime
« Reply #58 on: April 02, 2013, 06:50:20 PM »
Sounds good Jeremy, and I'm glad you are willing to handle this sort of request personally, but I think what we're asking for is more of an automated/client portal actuated process allowing us to do this from both ends without manual intervention predicated on a mutual agreement between you guys.

I would absolutely love to see this sort of arrangement in place for the top 3 true ECN/non-booking Australian brokers.
« Last Edit: April 02, 2013, 06:52:31 PM by Surrealistik »

Offline jemook

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Re: Global Prime
« Reply #59 on: April 02, 2013, 11:23:44 PM »
I see where you are going with this however I do think first we (GP) need to work on our alternative funding / withdrawal options before entertaining something like this and of course the other brokers would have to agree to it too.

In the meantime though once you've got an account set up on both brokers it's as easy as sending a request to us and we send you a filled out b2b form to send to your broker.

Cheers for the idea though - something to think about.

Regards,
Jeremy

 

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