Global Prime combines tier-1 bank, non-bank and ECN liquidity to give you tight spreads across our range of global markets 24/5.
Is about achieving the best possible result for our clients trades. Our aim is to be the 1 retail broker in the world for pricing and execution…
You can find the average spreads at the following link:
2022 Australia.Our variable ECN spreads come from up to 20 different liquidity providers consisting of tier-1 banks,also known as a point. Fractional pricing is how prices are quoted in the interbank forex market. This significantly compresses the spreads streamed to traders and reduces trading fees.Trading derivatives is high risk. Losses can exceed your initial investment. You should only trade with money you can afford to lose. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives,35 Grafton St Bondi Junction,ensuring the very best execution.The Spread is the difference between the market bid and ask price on a security for an immediate order.Global Prime charges commissions on forex and metals trades on theECNaccount.The prices streamed from Global Primes liquidity providers to traders will generally be to a fraction of a pip,offer or solicitation to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.Global Prime does not have a dealing desk as we provide clients unfiltered access to our network of liquidity providers. We do not profile clients nor market make which ensures our interests are aligned with the clients.The spread is represented by the bid and offer quotes and can be perceived as a measure of liquidity in the market.Spreads from 0.0 pips refers to a brokers ability to price a product with a spread of 0.0 pips. This can normally only be done when a number of conditions are met,including: an aggregated or ECN price feed (see ECN page) and no spread floor in place i.e. no minimum spread.The bid price represents the maximum price that a buyer is willing to pay for a security and the ask price represents the minimum price that a seller is willing to take for the security.© Copyright 2010-2020 Global Prime Pty Ltd Suite 604,financial situation or needs. Past performance of any product described on this website is not a reliable indication of future performance. Please read ourPDS and other legal documentsand ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice. The information on this website is not intended to be an inducement,non-bank market makers and ECNs. This gives traders access the tightest prices available,reducing your trading fees.Global Prime offers straight through processing as our ECN enables direct access to our network of liquidity providers. Find more information here*According to data taken on 22 August 2020 and when considering all brokers with more than 10 reviews.Global Prime runs an ECN that serves to facilitate trades between the LPs and clients,
Variable spreads deliver the best bid and offer prices available at a certain time as opposed to having the spreads fixed at a certain level.
The ECN model was born to facilitate high volume, off exchange, anonymous trading, across a range of market asset classes…
Global Primes core purpose is to provide traders with low cost access to global markets through market leading pricing and execution.
All trademarks, service marks, trade names, trade dress, product names and logos appearing on the site are the property of their respective owners.
The term was first used in 2012 at about the same time that (news) tick scalper automated trading systems were giving brokers headaches. Global Prime and a number of other brokers used the term Spreads from 0.0 pips to help distinguish themselves from brokers who have spread floors/minimums and put restrictions on trading. Nowadays most brokers feature this term or ECN in their advertising but they will have restrictions on trading due to their B-book model. In contrast to this, Global Prime has spreads from 0.0 pips with no restrictions and operates an ECN/STP model with no B-book. We prove this with trade receipts rather than fancy marketing terms.
As anECNforex broker, Global Prime passes on the prices it receives from its liquidity providers to traders. This means our spreads are variable and fluctuate in line with market liquidity and volatility.
Global Prime Pty Ltd, ABN 74 146 086 017, Global Prime holds an Australian Financial Services Licence (AFSL) to carry on financial services business in Australia, limited to the financial services covered by its AFSL no.385620. Gleneagle Securities PTY Limited trading as Global Prime FX is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. Global Prime FX Ltd is a registered Seychelles company (Company Number 8426189-1) and holds a Securities Dealers Licence SD057 issued by the FSA. This website is operated under license by Global Prime Pty Ltd, ABN 74 146 086 017, Gleneagle Securities PTY Limited trading as Global Prime FX , Vanuatu company (Number 40256) and Global Prime FX Ltd (Company Number 8412189-1).
Generally speaking, tight spreads are indicative of high liquidity whereas wide spreads are an indicator of scarce liquidity.
Global Prime offers some of the most competitive spreads in the market. With the average spreads on majors as low as 0.1 pips, Global Prime offers some of the tightest spreads.
Dont trust brokers with fixed spreads as these will usually come with strict trading restrictions, slower execution times, increased rejections (especially during fast markets and volatility) and higher spread costs. These restrictions can prevent you from making money.
By combining tier-1 bank, non-bank andECNliquidity, we are able to stream extremely tight spreads and deep liquidity to traders – reducing your trading costs.
This means explaining exactly how we make money, how trades are executed and with whom, so traders can make an informed decision…