Global Prime makes money on the ECN Account from commissions, spreads, swaps and interest. We do not make money from client losses!

Global Prime believes in greater transparency between brokers and their clients.

For Global Prime, this means explaining exactly how we make money, how 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 considers itself to be an ECN, STP and NDD broker. See our best execution or ECN page for more information on what these terms mean.

Asset Class Commissions Spreads Swaps & Financing B-book (trader losses)
Forex
Metals
Indices*
Energies*
Cryptocurrencies
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 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.
  • Our 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.
  • Make proprietary trades or hold proprietary risk positions.

While this information doesn’t form part of our client agreement, this is information that we expect to be held to account to, and which we are always happy to verify, as all brokers should.

Why are these important?

  • Run a B-book or make money from client losses

Global Prime believes that to do the above would be detrimental to best execution efforts, unethical, and a conflict of interest between a traders bottom line and the brokers.

If a broker wants to operate on these grounds, then it should be disclosed.

  • 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.

OR

  • Have arrangements with trading counterparties to run a B-book on our behalf.

An ECN/STP/NDD broker should not have relationships that seek to benefit from trading losses, either directly or indirectly through some third party relationship.

Brokers that wish to have such relationships should disclose it and not hide behind opaque language and ambiguous terms to disguise what's really happening behind the scenes.

  • Our 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.
  • Client trading behaviour and account profitability should not be a factor in deriving a broker’s hedging strategy.
  • Make proprietary trades or hold proprietary risk positions.

Proprietary trading creates a conflict of interest that a broker may have when acting as principal versus its clients.

This may include, but is not limited to, the misuse of client orders, positions and other information, along with the increase in the amount of risk on the balance sheet that could result in a lack of security of client funds if the broker were to fail.

CFD Spread earnings

  • Index, Commodity, Bond and Stock CFD products are ‘synthetic index/market tracking derivatives’. They follow the underlying cash and or futures markets for their respective product.
  • THESE CFD PRODUCTS ARE NOT ECN. We do not provide an ‘aggregated’ or ‘ECN’ feed for these products since most liquidity providers will have somewhat different prices and there is no central counterparty or ‘prime broker’ through which these trades can be given up and cleared. Because of this, all trades generally go to a single liquidity provider on a per product basis.
  • Global Prime has measures in place (covered on the best execution page) to ensure the prices we receive from our non-banks on our Index CFD products are consistent with other providers and that our spreads are among the best in the market.
  • The liquidity providers who Global Prime uses for CFD products do not run a B-book for Global Prime.
  • Global Prime is paid a percentage of net earnings from spread after hedging costs from the trades that we execute through them.

Does your broker put your
interests above theirs?