Many brokers take the other side of clients trades. Global Prime does not and on request will provide trade receipts to prove it.
Many brokers adopt a business model involving Market Making or running a B-book. Market making or running a B-book is the process that brokers adopt to maximise their profits at the expense of their clients. The process generally involves trades not actually going to market. When the trader makes a trade, it is filled by the broker on their B book rather than being filled by a liquidity provider. What this means is that while the trader is winning, the broker is losing money and when the trader loses, the broker makes the money that the trader has lost. This presents a conflict of interest between a trader and their broker as it is becomes advantageous for the broker when the trader makes a loss. Furthermore, unscrupulous brokers can influence their clients to make a loss.
Global Prime does not adopt either of the aforementioned business models and strongly believes that there should not be a conflict of interest between a broker and its clients. To prove that all of our trades go to market we can and will provide trade receipts showing which bank filled the trade.
This process allows our clients the trust and confidence they need to know that their broker has their best intentions in mind. Our support staff has no ulterior motives when providing information and our company is dedicated to one thing and one thing only –Providing the ultimate trading environment for our clients.
If you have any enquiries or would like more information, please don’t hesitate to contact us by phone on +612 8277 6611, email at email@example.com or start a live chat session right here on the website.
The information on this website is not intended to be an inducement, offer or solicitation to anyone outside of Australia. Global Prime Pty Ltd, ABN 74 146 086 017, (Global Prime) holds an Australian Financial Services Licence (AFSL) to carry on financial services business in Australia, limited to the financial services covered by its AFSL no.385620.
Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information or advice on this website, you should consider the appropriateness of it (and any relevant product) having regard to your circumstances and strongly recommend you to seek independent financial advice. Please read our Financial Services Guide and current offer document which is available to be downloaded from this website or hard copies may be sent by contacting us on the details provided on this website.
All financial products involves risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Trading in margin foreign exchange and derivatives carries a high level of risk and you may incur a loss that is far greater than the amount you invested. Past performance of any product described on this website is not a reliable indication of future performance.