Tight Pricing
0.0pips Spreads From
Deep Liquidity
1ms Execution From
Transparent Trade receipts
Performance ECN | STP | NDD
Global Prime believes in greater transparency between brokers and their clients

For Global Prime, this means explaining exactly how we make money, how our clients' trades are executed and with whom, so traders can make an informed decision about whether or not they want to do business with us.

Global Prime is an ECN, STP and NDD broker. See our best execution or ECN page for more information on what these terms mean.

Ethical ECN dealing model
We put traders first
No B-book or profit from client losses
We prove it with trade receipts

How we generate income

  • Commissions - We charge commission on Forex and Metals trades of $7 USD per round turn lot.
  • Spreads - We can generate spread income by adding a mark-up to the market price. Alternatively, spread revenue could represent the difference between the price we execute your trade and the price that we hedge it. This could happen on small trades that we batch hedge (see Best Execution) or on our Index and Commodity CFD products which go to an external liquidity provider.
  • Swaps - We apply a small spread to the swap rates that we receive from the interbank market for swap rates on Forex and Metals trades.
  • Interest - We apply a small spread to the interest rates that we receive from liquidity providers for index and Commodity CFD trades.

How we make money per asset class

Asset Class Commissions Spreads Swaps & Financing B-book (trader losses)
Forex
Metals
Indices*
Energies*
Global Prime uses ‘non-bank market makers’ (non-banks) and brokers to price and execute Indices and Energies trades. Global Prime earns a percentage of the spread from these trading counterparties. These counterparties do not run a B-book for Global Prime.


  • Our list of non-banks can be found in the trading counterparties section of our best execution page.
  • See bottom of page for full disclosure on non-bank spread earnings.

Global Prime removes the potential conflict of interest between the best execution of your trades and our profitability.

Global Prime’s trading is fully automated, i.e. ‘No Deal Desk’. We have no human discretionary traders and we do not make hedge execution decisions based on client trading behaviour or account profitability.

Global Prime does not:

  • Run a B-book or make money from client losses.
  • Receive any form of profit share from a group entity relating to our clients trading losses, i.e. no other company runs a B-book on our behalf.
  • Have arrangements with trading counterparties to run a B-book on our behalf.
  • Make proprietary trades or hold proprietary risk positions.

Does Global Prime profit from client losses?

No. Unlike the majority of Forex and CFD providers, we do not profit from client trading losses, nor do we run a B-book. Global Prime is an ‘A-book’ broker, which means we hedge all market risk and therefore don’t stand to gain from client losses.

We utilise the ‘A-book net’ dealing model for small Forex and Metals trades that are below our prime broker minimum in order to reduce minimum ticket fees. It is possible for Global Prime to make a profit on these small forex and metals trades, when a client has made a loss, but only in specific scenarios. These scenarios are incidental and the exception rather than the aim of the A-book net model.

Examples when this can occur are:

  • If we accept an order from a client and then hedge that trade at a better price
  • If a client opens and closes a small trade, in quick succession, before we hedge it, and this trade closes in a loss.

It is incorrect to say we profit from client losses for several reasons, namely:

  • In the case of scenario 1, if there is a loss then it is only over a specific time horizon, i.e. it is an open trade and an unrealised loss, and they could close the trade in a profit.
  • In the case of scenario 2, since all market risk is hedged by Global Prime, we do not, in the aggregate, stand to gain or lose from market movements, and our profit is not contingent on clients losses or clients losing.
  • We do not profile, classify, or segregate clients into different books or make hedge execution decisions based on client profitability or trading behaviours. This simply means that we are not taking measures to monetize the process by skewing the odds in our favour, i.e. batch hedging of small trades is a fee preventing/cost reducing exercise and is not designed as a profit center.

Spread earnings on CFDs

Index and Commodity CFD products are ‘synthetic index/market tracking derivatives’.

  • Unlike Forex and Metals which are traded via a ‘prime broker’, Indices and Commodity CFDs have no central counterparty through which trades are given up and cleared. Because of this, all trades generally go to a single liquidity provider on a per product basis. This means these products are not ECN.
  • Global Prime has measures in place (covered on the best execution page) to ensure the prices we receive from our CFD liquidity providers are consistent with other providers, and that our spreads are among the best in the market.
  • Global Prime uses ‘non-bank market makers’ and other brokers to price and execute Index and Commodity CFD trades. Global Prime earns a percentage of the spread after hedging costs from these trading counterparties. These counterparties do not run a B-book for Global Prime.

Does your broker put your
interests above theirs?