In line with our core purpose of providing traders with low cost access to global markets through market leading pricing and execution, we go directly to the interbank market to roll our clients positions, to offer more competitive overnight financing rates.
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48 FX, 22 Commodities, 19 Indices, 7 Bonds, 00' Shares
Individual, Joint, Corporate and Trust accounts
7 AUD, 7 USD, 6.2 EUR, 5.4 GBP, 9.5 SGD, 9 CAD
Our tight ECN spreads rank among the best brokers globally.
Tier-1 banks, non-bank market makers, ECNs & dark pools.
48 FX, 20 Commodities, 15 Indices, 5 Digital Ccy. 20 Shares
We verify that we are ECN & all claims with trade receipts!
No brakes on your trading. Scalper, EA, HFT, News & EA friendly.
Fast execution speeds
from as low as 1ms.
Electronic Communications Networks or ‘ECNs’ are off-exchange execution venues which allow market participants to trade with a range of counterparties anonymously. They are the main trading venues for OTC markets such as Foreign Exchange and Metals.
This basically means ECNs provide the technology and venue for price makers aka ‘liquidity providers’ to distribute their liquidity. Price takers (traders) can see these prices and execute trades against them. The ECN is therefore responsible for prices/quotes and the execution of orders.
See our ECN page for a detailed overview of the Global Prime ECN offering.
The swap rate that we provide to traders on Forex and Metals is determined primarily by the interbank interest rates, taking into account other factors such as the interest rate differential between currencies and liquidity in overnight funding markets.
Global Prime’s Swap rates are derived from the interbank forex market. This enables us to provide extremely competitive swap rates.
Swaps are accumulated by leaving positions open past roll over or 5pm NYC EST/EDT. Swaps will be added/subtracted to open positions, affecting the unrealised net trading profit and loss. Swaps are realised once the positions are closed.
Our swap rates are updated once to twice a week.
We do not provide historical data.
FX: Pip value X Swap rate in points X exchange rate (if different to account currency)
Example: 0.24 lots AUDUSD (pip value = USD$2.40). Swap rate: 8.34.
Calculation: USD$2.40 X 0.834 = USD$2.00 (rounded from USD$2.0016)
CFD: Lot size x Swap fee (charged in underlying product currency/Margin currency)
Example: NAS100, long swap = -0.89
Calculation: 1 lot X 0.89 = USD89 cents