Global Prime Forex

Like all bucket shops, were ok in the begining. Then slippage jumps to 8 pips (80 pipettes) on EU at 6pm GMT with no news anywhere in sight... Sadly, stay away...

My account # with globalprime is: 927673 I chose ‰ÛÏglobalprime.com.au‰Û�, because I thought they are the best Forex broker, but I was mistaken. For scalping, this broker is the worst choice. I always use FPA to find brokers. I contacted Jeremy from Globalprime, he helped in setting up my account. Apart from this, everything else about Globalprime was a big disappointment. The main complaint I have about ‰ÛÏGlobalprime‰Û� is that, there trade execution is very slow. For instance, in one of the trades, I was $80 positive, I closed the trade, and in the end, I got less than $50. Trade volume was one standard lot. This did not happen during any News event. In addition, there was no high volatility in the market. After clicking on close trade, Globalprime takes a lot of time to close the trade. I noticed this slow trade execution with every trade. I also find their spread to be higher than many other forex brokers. Their fee is also high. I am using the same scalping strategy with another broker and it works perfectly. Globalprime does not have any clients area, that is another disappointment. Using FPA, I was able to find another excellent broker that offer fast trade execution, superb clients area, lot of deposit/withdrawal options, Live-Chat, etc. Globalprime offers none of these. Globalprime was a big disappointment.

Excellent broker - great job! After reading the so many positive reviews on FPA and elsewhere about Global Prime, I was keen to find out for myself what this is all about. Let me start with my verdict ‰ÛÒ they are excellent. Here are my thoughts after trading a live account with them since August 2015. ------------ Platform: Execution is responsive and I experienced no problems opening or closing trades even during market volatility. My approach is trend following so I don‰Ûªt generally scalp or trade news, however I wrote an EA to issue trades to the system during news times to test the platform, and can say the execution remains responsive and trouble free. I was getting my orders filled without trouble. As for slippage, the only times I ever experience slippage was during new-level market volatility, and these type of slippage I‰Ûªll gladly pay for, because this is consistent with DMA execution with trades go directly to liquidity providers, without the trade freezes or requotes typical of market makers. Account and money: They work on a fixed commission structure in addition to a floating spread, and I find their rates competitive, nothing to complain about there. For deposits, they offer bank transfer and credit card, I used the card option and it was an easy process. As I haven‰Ûªt used their withdrawal process yet, I won‰Ûªt comment on that at the moment. So far I haven‰Ûªt withdrawn because 1) I am keeping the profits in the account to trade further, and 2) online feedback about their withdrawal shows a perfect record, so I‰Ûªm comfortable to have my funds with them. Team/people: This for me is the most important part ‰ÛÒ technologies, servers and websites can be bought with money, but trust is built through people and time. When I contact for any questions, their support was great. Their responses are clear and quick - I had cases where either Chaim or Jeremy emailed me back within minutes. As a side-note, Jeremy who is in charge of the GP retail FX operation is a trader himself and is engaged with the online community, oftentimes responding personally to comments at FPA as well as other forums. I‰Ûªve had a short chat with GP‰Ûªs Skype before and it was Jeremy on the line, so I can testify that he 1) really exists, and 2) is one email/skype message away if you have a question. ------------ In conclusion, there isn‰Ûªt much more I can say except I‰Ûªm genuinely glad to have stumbled across one of the best brokers I‰Ûªve ever worked with. I say ‰ÛÏstumble‰Û� because they don‰Ûªt do any internet advertising, and I only wished I (as well as all the traders out there) knew about them earlier! From my perspective GP is the platinum standard that other retail brokers should be benchmarked to. Here‰Ûªs my five stars.