GlobalPrime. au Review Visit site Global Prime Forex is a forex broker. Global Prime Forex offers the MetaTrader 4 and MT Mobile currency trading top platforms. GlobalPrime. au offers over 40 currency pairs, shares, and cfds for your personal investment and trading options. The Global Prime approach to trading is focused on transparency and service. To show that Global Prime does not profit from client losses, we can provide a trade receipt on any trade taken which shows which bank/liquidity provider filled the trade. This proves we do not take the opposite side of clientsrsquo trades and therefore there is no conflict of interest between Global Prime and our clients. We believe this practice should be standard across all forex brokers mdash ask yours if they do the same. Please visit our website at globalprime. au/forex for more information. Brilliant people still I own SteveHopwoodForex. As an update to my review a few years ago, Global Prime continues to be the only broker I recommend. I cannot recommend them highly enough. Fast, efficient service. Really quick help when it is needed. The guys are as open and transparent now as they were when they took over running the business - a joy to deal with. Withdrawals are quick and easy. Order execution is fast and reliable. Hard to see how anyone can find a better broker. Keep at it Jeremy and co. Jan 13, 2015 - No Rating To quote this: For the record, we do have a 24 hour support desk and anyone can call at any time to test us out on this. Our spreads are highly competitive and the only fake review here is yours. Anyone can go on Steve Hopwoods Forex forum or Donna Forex to see how we interact with the FX community at large and how happy our clients are with our services. We are awesome and we are damn proud of it. I am the owner of SHF and endorse this entirely. The criminal elements running your average market maker and bucket shop but who hide behind the ludicrous epithet of broker are justifiably terrified. Their methods are rumbled and their future holds: despair collapse of their former business empires bankruptcy. Wise up dimwits. Adapt to the new reality introduced by Global Prime or collapse. The choice is yours. Personally, I loathe you all and hope beyond hope that you chose collapse and will applaud warmly from the sidelines as firm after firm goes into liquidation but hey, how often do we really get from life what we want Hey ho. Jul 1, 2013 - No Rating I am the Steve Hopwood whose forum is mentioned several times here. My reputation is vital to me, so I would not make such an overwhelming endorsement of Global Prime unless I trusted them to behave as they state they intend to. Jeremy faced some hostile questioning when he and his colleagues took over running GP. He answered then, and answers now, all questions with refreshing openness and clarity - even though they may have been asked several times before. Global Prime as now run is a refreshing change to what has gone before in the Forex brokerage market. Other firms are going to have to change a lot of their behaviour if GP is not to gain all their clients. 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 ndash they are excellent. Here are my thoughts after trading a live account with them since August 2015. ------------ Execution is responsive and I experienced no problems opening or closing trades even during market volatility. My approach is trend following so I donrsquot 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 Irsquoll 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 havenrsquot used their withdrawal process yet, I wonrsquot comment on that at the moment. So far I havenrsquot 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 Irsquom comfortable to have my funds with them. This for me is the most important part ndash 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. Irsquove had a short chat with GPrsquos 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 isnrsquot much more I can say except Irsquom genuinely glad to have stumbled across one of the best brokers Irsquove ever worked with. I say ldquostumblerdquo because they donrsquot 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. Herersquos my five stars. Global Prime Forex - a strictly ECN/DMA ONLY Forex Broker Dear friendly folks of Forex Factory, Ive been a member on this forum for a while now and posted quite frequently here year before moving on to Steve Hopwoods forum. My name is Jeremy Kinstlinger and I work together with Elan Bension and Alex Neo at Global Prime Forex in Sydney, Australia. I can see that Global Prime Forex is being mentioned more and more over here so I figured its time to say hello and pop a thread up to answer any questions put forward about our brokerage in an open and honest manner. Since taking over management of Global Prime Forex mid way through last year we havent had a single client leave us. Our aim with GP is to ensure that all of our clients are satisfied with the service and platform provided to the point where they simply dont need to look anywhere else and so far its working. Our focus on transparency is paramount and to prove that Global Prime does not profit from client losses we can provide a trade receipt on any trade taken which shows which bank/LP took a clients trade down to the millisecond of execution as well as the order book at the time. This proves we do not take the opposite side of clients trades and therefore there is no conflict of interest between us and our clients. The peace of mind our clients have knowing that Global Prime does not mess around with their trades ensures a clear head when trading. We want to see our clients succeed and we nurture profitable clients by providing company capital to trade with and allowing them to earn performance fees on these accounts. If they prove to be consistently profitable over the long term we can then package the trader up as a fully licensed Managed Investment to offer to other clients. We are proud to service all types of clients from retail to institutional. Global Prime has its own Prime Broker which means we employ a direct relationship with each of our LPs allowing us to negotiate spreads and create tailored price streams / price feeds for high volume clients, specific trading styles or institutions. Global Prime Forex - Key Points ASIC regulated Australian broker with a great team who are truly dedicated to looking after their clients. Complete transparency. Absolutely no b-book or market making with only one account type offered: ECN/DMA ONLY. The only broker that is willing to prove that all trades are sent to the Liquidity Providers. Global Prime can supply a trade receipt on any trade taken which shows which Liquidity Provider filled the trade thus proving all trades are sent to LPs. Extremely tight spreads. Leverage up to 200:1 (higher pending approval) with zero stop level. Low Minimum Trade Size - 0.01 Lots. Trade 42 currencies and metals through tier 1 liquidity providers. Servers in Equinix NY4 providing a 1 m/s connection when used with Beeks FX VPS. Free Beeks FX VPS for clients trading greater than 20 lots per month, otherwise heavily discounted VPS rates. Commission of 7 (AUD equivalent) per 100k round turn Minimum Deposit of 500 with AUD, USD, GBP, EUR denominated accounts. Fast and efficient sign up process. If you have any questions about Global Prime Forex or about FX brokerages in general please ask away. I enjoy tough questions - if I dont have the answer I will hunt around until I can get you one. My contact details below. Email: jeremy. kglobalprime. au Direct line: 61 2 8277 6612 / General Inquiries: 61 2 8277 6611 Skype: globalprimefx Commercial Member Joined Jul 2011 184 Posts Below are some of the testimonials we have received this year from clients posted at Forex Peace Army Quoting Steve Hopwood - 2013-07-01 I am the Steve Hopwood whose forum is mentioned several times here. My reputation is vital to me, so I would not make such an overwhelming endorsement of Global Prime unless I trusted them to behave as they state they intend to. Jeremy faced some hostile questioning when he and his colleagues took over running GP. He answered then, and answers now, all questions with refreshing openness and clarity - even though they may have been asked several times before. Global Prime as now run is a refreshing change to what has gone before in the Forex brokerage market. Other firms are going to have to change a lot of their behaviour if GP is not to gain all their clients. Quoting ingot54 - 2013-07-01 I have no hesitation is adding my voice to those who have found Global Prime to be a refreshingly transparent and honest broker. The main thing for me is the service and communication I have received since funding my account - they really have respect for their clients. The comments here have been overwhelmingly positive since the new management team took over, and it is not just here on FPA - there is a thread on Styevehopwoodforex that is discussing these same issues. GP management is not afraid to come openly on that forum and answer questions and make suggestions to help clients. Their front office service is as open and efficient as their back office, and I can not give a higher recommendation than that. Quoting GregH -2013-06-01 only been with the broker for few weeks but very good to finally be with someone i can trust. also signed up from steve hopwood recommendation and very good people at the company. signing up was very easy with no certified documents and was up and running in a few days after bank deposit was cleared. platform is one of the best ive used very fast execution, slippage although minor was positive n negative. have used axi trader in the past and they dont come close to the level of service i am being offered here. will visit their sydney office soon and meat the team. well done to finally a broker that doesnt piss around with clients trades. if they can keep this up then I dont need to look elsewhere anymore. global prime is my home if you havent signed up yet make the switch. these guys know what they are doing. thanks you GregH Quoting Steve Gill - 2013-05-25 The speed of execution has been excellent - I always think part lots execution speed are the sign of a good broker. Sure, there are lots of liquidity providers who can take multiples of full lots easily, but there was a risk that the number accepting part lots (especially as small as 0.01) would be a lot smaller, therefore affecting the spread negatively. Not so with Global Prime - I havent seen any negatives yet. My previous brokers used to try all sorts of tricks - this is actually really refreshing now, feels weird I normally take reviews I read on the internet with a pinch of salt, but I encourage anyone reading this to try it for themselves and make up their own minds. Quoting Marc - 2013-04-29 On my quest of finding a suitable broker, Ive tried quite a few brokers so far. Global Prime has been my latest discovery, and 3 months into me trading with them I think I finally found the broker Ive been looking for. Funding the account via intl bank transfer was fast and without complications. Spreads are as tight as Ive ever seen Of all the brokers I have accounts with Global Prime opens first and closes last Order execution time is below 1 second somewhere in the millisecond area, and Im not using a VPS Last, but not least, their support via email, phone and chat is fast, personal and helpful Best broker Ive seen so far. Commercial Member Joined Jul 2011 184 Posts Dear Forex Factory members and clients of Global Prime, Over the last year Global Prime has invested considerable time and effort into upgrading our infrastructure to ensure rock-solid stability and an optimal trading environment for all of our clients. We have recently acquired new dedicated MT4 servers for Live and Demo which are armed with sophisticated and state of the art bridging software. We will be implementing the server move this coming weekend and changes will come into effect ready for trading on 29/09/2013 21:00 GMT 0 (Market Open). Please make a note of this date as there are important changes which you will need to consider before then. Changes to the MT4 Live environment amp how this may affect you 1. Server time this will be changed from GMT 0 to GMT 2 / 3. Daylight savings (based on NY DST) will be applicable and automated to the 0servers configurations. This change means no more Sunday candles and a proper 5 daily candle week. 2. Chart data Charts will commence utilising the GMT 2 /3 time stamps as of 21:00 GMT 29/09/2013 on MT4. 3. Client Information All efforts have been made to make this move as seamless as possible, there will be no change to: open positions, cash balances, personal information or passwords. All you need to do is log out and log back in to your MT4 account after 29/09/2013 21:00 GMT 0 (Market Open). Changes to the MT4 Demo environment amp how this may affect you 1. All current demo accounts will be inaccessible after 29/09/2013 21:00 GMT 0 (Market Open). You will need to install our new MT4 software and create a fresh demo account on the new server. Details on how to do this are below. 2. New demo accounts will now expire after 30 days of inactivity. 3. Server time has been changed from GMT 0 to GMT 2 / 3 to reflect live changes. 4. The. G suffix on the end of pairs is no longer applicable. We have officially launched our new demo server today and it is now available for use. Please note that metals will only be active on the new demo server after 29/09/2013 21:00 GMT 0 (Market Open). To install the new demo please follow the instructions at this link: globalprime. au/forex/download-mt4 If you have any questions regarding the new changes or if you have any difficulties logging into your account please email us at forexglobalprime. au or call on 612 8277 6611. We would also like to take this opportunity to thank all of our clients for trusting Global Prime as their broker of choice its been a great year for all involved and its extremely rewarding for our team when we hear the great feedback that comes through about Global Prime daily. Thanks from everyone GP.8220While most retails traders felt cheated by these scandals, Dmitri Chavkerov, CEO of ForexPeaceArmy, one of the largest forex reviews websites in the world, thinks that these manipulations had almost no effect on the profitability of those forex traders that use fundamental approach to forex trading.8221 CitiGroup and JPMorgan FX Currency Rigging Fiasco Was Not As Negative to Fundamental Retail Forex Traders As Most People Think says Dmitri Chavkerov CEO of Forex Peace Army NORTH PORT, Fla. May. 14, 2015 /PRNewswire/ 8212 In November of 2014, the financial markets were shaken by articles from Bloomberg and other reputable news sources about the 4.3 billion fines in the fx rig cases. with CitiGroup and JPMorgan being the biggest and most fined players. On Monday of this week, Fortune reported that US Department of Justice dropped its probe of CitiGroups libor rigging scandal from 3 years earlier, which involved 6 banks, and which was tied to trillions of dollars in loans and that the US government had no plans to bring any criminal charges against CitiGroup in particular. While most retails traders felt cheated by these scandals, Dmitri Chavkerov. CEO of ForexPeaceArmy, one of the largest forex reviews websites in the world, thinks that these manipulations had almost no effect on the profitability of those forex traders that use fundamental approach to forex trading. Either by accident or destiny, as soon as I graduated from high school, I was thrown into the world of big players and understood some of the ways of how big players make their money, says Dmitri Chavkerov, Founder and President of Forex Peace Army. When I was 18, I had the privilege of becoming 50/50 partner on a new venture with former owner of largest construction company in Russia, then one thing led into another and at 22, I became close friends with two retired bank traders, who explained to me the concepts of limited liquidity, price, access to clients order books and how someone in the position with power to execute trading orders for the bank with the combination of those things could easily manipulate even a multi-trillion dollar market like forex and make big bucks, says Chavkerov. According to Dmitri Chavkerov, the mechanics behind manipulations in the November, 2014 4.4 billion scandal are much simpler than most people think. Imagine that you are a bank and you get 100 orders to convert 800 billion dollars into euros (buy EUR/USD). You also get say 60 orders to convert 500 billion euros into dollars (sell EUR/USD). So you match the books internally at current market rate, thus having 300 billion to buy EUR/USD left over, so this order to buy 300 billion of EUR/USD gets passed down to traders to be executed on the open market. Of course, their job is to fill this order in small chunks, in order to get the best possible rate for banks clients, because if they just submitted this order into the open market at market price, it would create a significant spike up in the rate of EUR/USD, and the average fill price on the order would be much more unfavorable than if they waited and filled the order in small chunks. So now imagine that EUR/USD rate is currently at 1.1320, you chat with some other traders you know from other large institutions and learn that they too have significant orders to buy EUR/USD, so what you do is you go to either your own private trading account or your banks trading account, and place buy order on EUR/USD with take/profit at say 1.1340. Your buddies from other banks do the same thing, and now instead of working together to get the lowest possible price for your client, you instead submit a series of large buy orders into the market within very short period of time, in order to rapidly bring the rate of EUR/USD up to 1.1340 to ensure that your own profit target is hit, say Dmitri Chavkerov. In response to why Dmitri does not consider such tactics as harmful to fundamental forex retail traders, here is what he had to say: If you are a fundamental trader, your job is to remain on top of significant market moving news, and position your orders ahead of them. Say that RBNZ went from neutral to dovish on their monetary policy, so you bought AUD/NZD in response to that within minutes of the announcement. The banks will receive mostly buy AUD/NZD orders over the next few hours and days from their large clients in response to that piece of news, and if traders inside of those banks are making small manipulations up or down, it shouldnt matter to your position, because you as small and nimble trader went in ahead of all of them. Forex Peace Army is a well known online platform that provides useful and reliable information on forex trading space for more than 8 years. SOURCE: Forex Peace Army Dmitri Chavkerov, Founder of Forex Peace Army, says that he has been witnessing several instances of huge losses faced by traders who have relied exclusively upon forex robots alone for carrying out trading activities. It is not that traders should never use forex robots at all but they should use it more carefully by understanding the intricacies of automated trading busines Dmitri Chavkerov of Forex Peace Army Advises Traders To Be Extra Careful With Automated Forex Robots As They Are Likely To Eventually Blow the Trading Account NORTH PORT, Fla. Dec. 3, 2013 /PRNewswire/ 8212 Dmitri Chavkerov, CEO of Forex Peace Army advises traders to be extra careful with automated trading systems such as forex robots as all robots he ever saw eventually stopped working, and blew traders trading account. Forex Peace Army has been a dependable information portal when it comes to forex trading. The website of Forex Peace Army provides many latest and advanced techniques for forex trading. Dmitri Chavkerov has been instrumental in bringing about positive changes to the functioning of forex trading space via his website Forex Peace Army. He helps traders all over the world understand the concepts of trading in an in-depth manner. According to Dmitri Chavkerov of Forex Peace Army forex robots lead to blowing up of the clients accounts. If a trader sees some profit out of foreign currency trading by making use of robots, it is likely not sustainable long term. A forex robot is always an unreliable source for carrying on trading activities long term. If the forex robot did not cause loss now then it would, in the future. I know many people nowadays are trying to trade using automated forex robots. I personally do not use forex robots, but I can say with certainty from experience that any robot will eventually blow your account. It may happen in a month, it may happen in a year, or it may happen in 5 years, but eventually it will happen. But this does not mean that you cant make a bunch of money with it, says Dmitri Chavkerov of Forex Peace Army. The reason I know this is because 25 of our entire website traffic is from pages where we do live tests of forex robots. Forex robots have caused loss to many traders and has led them to lose their account in the end, say Forex Peace Army President Dmitri Chavkerov. Dmitri Chavkerov, Founder of Forex Peace Army, says that he has been witnessing several instances of huge losses faced by traders who have relied exclusively upon forex robots alone for carrying out trading activities. It is not that traders should never use forex robots at all but they should use it more carefully by understanding the intricacies of automated trading business. Eventually every robot will blow the account. Yes, sometimes the robot will blow your account, before you can get your investment back, other times it will blow your account on the second double-run, so you simply got your money back, and made nothing, yet some other times, it will double your account several times before blowing up. I dont know almost anything about the forex robots business, but going from a purely logical standpoint, I think its a viable business model, if you have proper money management system in place, says Dmitri Chavkerov of Forex Peace Army. Forex Peace Army has garnered the support of forex traders all over the world with its exceptional insights on trading. Forex Peace Army, the brainchild of Dmitri Chavkerov, turns out to be as useful for beginners as it is for expert traders on a global level. Forex Peace Army Chief Dmitri Chavkerov believes that traders need to be having efficient money management system in hand, and they should take out profits from their trading accounts systematically, with the initial focus of withdrawing their initial principle as soon as possible. If I were to use forex robots to trade my account, here is a money management plan that I would use. Lets say I had 10,000 on my account. I would first double it to 20,000, and as soon as it happened, I would withdraw 10,000, this way I got my money back. Then I would keep doubling this no risk 10,000 account, and keep withdrawing half. So 10K to 20K, withdraw 5K, then 15K to 30K, withdraw 7.5K, 30K to 60K, withdraw 15K, 45K to 90K, withdraw 22.5K, et cetera, says, Dmitri Chavkerov. Everything needs to be well-planned and systemized if a trader wants to see success through any forex trading approach, let alone an automated one, and it is necessary for traders to have a reliable money management system if they want to keep their trading accounts capital secure. SOURCE: Forex Peace Army 8220If a person programs the mind to become rich then the subconscious mind will always think in that direction. This is where the importance of meditation comes into play. If we want to change the taste of the fruits that our tree bears, we need to alter things on the inside, and this is why it is important to be aware about the inner principles of money and success,8221 says Dmitri Chavkerov CEO of Forex Peace Army Forex Peace Army CEO Dmitri Chavkerov Believes That The Ability to Think Big Attracts Different Money Making Opportunities NORTH PORT, Fla. Oct. 29, 2013 /PRNewswire/ 8212 Forex Peace Army CEO Dmitri Chavkerov believes that thinking big always brings different opportunities for making money, thereby leading one towards the path of success. Dmitri Chavkerov of Forex Peace Army is a leader in the forex trading space. He has introduced different productive techniques and systems for forex trading through his website Forex Peace Army. Dmitri Chavkerov believes that by having bigger monetary goals in mind, it is possible to gain different, new opportunities that create the path for success. Thinking big does not mean unrealistic goals created without any backup support. Instead, it should be a realistic goal that has sufficient funds to back it up. This is why it is important to save money so that it can be used for development at a later stage. He also states that when there is enough money in the saving account, it automatically instigates one to think in a bigger way. Our savings account is a big part of our environment, and the more money we have in it, the bigger we are able to think, and this bigger thinking attracts completely different money making opportunities than when we have no savings, says Dmitri Chavkerov of Forex Peace Army. Dmitri Chavkerov believes that many people are not able to earn money and become rich, despite the fact that they are talented and skillful. This is mainly because of the reason that they have a negative thinking pattern set in their mind. When the mind is programmed wrongly then the person will not be able to think positively which is crucial for attaining success. If a person programs the mind to become rich then the subconscious mind will always think in that direction. This is where the importance of meditation comes into play. If we want to change the taste of the fruits that our tree bears, we need to alter things on the inside, and this is why it is important to be aware about the inner principles of money and success, says Dmitri Chavkerov. According to Dmitri Chavkerov from Forex Peace Army, saving enough money is the biggest strength that enables one to take wise decisions at appropriate times. Dmitri shares his knowledge about the Holy Grail system, which he learnt from a very wise man. The wise man who taught me the Holy Grail system told me about a certain rule, which applies to our time and age. It is called the Rule of 1000, and this rule is simply that the amount of money we make per hour is approximately equal to the amount in our savings account, divided by 1000. So if one has 100,000 in his savings account, he will probably be making approximately 100 per hour. This rule only applies to people who give 10 regularly. I do not know how he came up with this idea, but I noticed on myself and other people that it really works pretty darn close, says Dmitri Chavkerov, Founder of Forex Peace Army. Lets say you made 300,000 in one year, and your tax-deductible spending is 100,000. So you pay 40 tax on 200,000 net income, and you have 120,000 left over that you could put into savings. This money in your savings will allow you to think bigger and make more money next year. In addition to that, the difference between your high income and low spending will provide a cozy feeling of financial security, says Dmitri Chavkerov, CEO of Forex Peace Army. Dmitri Chavkerov believes that the most important part of money making is to stay away from greed and be sensible and rational with the plans. When people get overboard and do not have control over their money management principles then it would lead to loss. He also suggests that people understand the importance of giving money to charity. Only by maintaining a rational system, people are able to save enough money which helps in thinking big and creating better opportunities. So here is how you use the Holy Grail system. First of all up to 1,000,000, you must donate 10 of your gross income to a charity of your choice. Above 1,000,000, you must donate 50 of your gross income to a charity of your choice. This is the way I was taught this system, and this is the way I am teaching it to you. Since in 2007 I was already a millionaire, I started donating 50 of my gross income, and I continue to do that, says Forex Peace Army President Dmitri Chavkerov. Forex Peace Army is the largest database of forex companies, ratings and reviews. Forex Peace Army has been functioning actively for the past 8 years. SOURCE: Forex Peace Army
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