Global Prime Review from qocsuing's blog

Global Prime Review

When you’re selecting a broker for your Forex trading activities, transparency, integrity and a proven track record of great customer service is among the top qualities you should be looking for. Global Prime is one brokerage with all of these qualities, plus an excellent business model that makes it great for traders of all types and experience levels. In the following Global Prime review, you’ll find everything you need to know about this brokerage to make an informed decision about whether to use it for your Forex trading.To get more news about global prime review, you can visit wikifx.com official website.

Strength 1: Global Prime Trading Conditions
One of the most important points that should be mentioned in any Global Prime review is its somewhat unique liquidity structure. Many digital Forex brokers use a single large provider for their trading liquidity, a method that works reasonably well in most cases but can cause difficulties for high-volume traders on occasion. With Global Prime, however, this problem is solved through the use of a more diverse pool of providers.
Global Prime use 26 liquidity providers consisting of tier 1 banks, ECNs and non-bank liquidity provider who specialise in particular currency pairs. This not only helps to ensure available liquidity but also helps traders get the most competitive rates on their trades by choosing the most appropriate liquidity provider. It is, for this reason, Global Prime call itself a prime of prime POP broker.

Institutional ClientsThis broad liquidity pool is also beneficial in terms of the depth of liquidity that Global Prime is able to offer to its customers. While most brokers are able to offer liquidity in the range of 50k at the top of the book, Global Prime is able to substantially outperform the field with 500k-1m unit liquidity available. Though this will make very little difference for smaller retail traders, it is of enormous benefit to high-volume and institutional users. For these users, Global Prime is even able to customise liquidity models in order to ensure the best possible user experience.
The ECN and STP execution styles combined with the customized liquidity solution and proximity to New York’s NY4 servers allows Global Prime to offer low latency orders and tight spreads. Even among the best forex brokers, there are few online trading providers that offer institutional-grade services.

Like everything else about it, Global Prime’s fee structure is trader-friendly. Spreads average just 0.1 pip on the popular EUR/USD currency pair and are relatively low across the board. A commission of $7 (round turn) per 100k units is applied to fx and spot metal trades (other CFDs are commission-free, spread only products), keeping the costs of trading quite low. A final point to note is that the brokerage sets its margin stop at 100 percent and its margin call at 120 percent.

Traders can easily open a live account with leverage ratios of up to 100:1 via the broker’s offshore entity regulated in Vanuatu. In Australia, it is restricted to a maximum of 30:1. Traders are able to take advantage of relatively low minimum trade volumes starting at just 0.01 lots. Together, the low initial investment, reasonable leverage ratios and low required trade volume make Global Prime a good brokerage for beginning Forex traders who don’t want to risk too much money at the outset.

Like many leading brokerages, Global Prime offers more than one type of trading platform. The most common platform is MetaTrader 4, which is available for Windows, Mac, iPhone (IOS) and Android devices. This platform is universally popular among Forex traders and is used by many of Global Prime’s competitors, making it easy for experienced traders who are new to the brokerage to start trading quickly.

The other trading platform option is TraderEvolution which comes standard with a range of features including depth of market, one-click trading, 10+ customisable chart types, and algo trading capabilities. This platform requires a different global prime account to their ECN account.