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Prime of Prime Broker

  • #621
  • May 20, 2021 7:18pm May 20, 2021 7:18pm
Quoting Botan626
{quote} Global Prime accepts retail customers according to it's site, does it protect their retail clients from negative balance or not?
I believe the answer is NO.
GP must comply ASIC rules which apply only to Australian residents' standard accounts.
All other retail customers, as far as I know, are under "Vanuatu's regulation" which does not obligate the brokers to protect negative balance.
  • #622
  • May 20, 2021 8:11pm May 20, 2021 8:11pm
Quoting smilee89
{quote} I believe the answer is NO. GP must comply ASIC rules which apply only to Australian residents' standard accounts. All other retail customers, as far as I know, are under "Vanuatu's regulation" which does not obligate the brokers to protect negative balance.
Correct. We use our ASIC license for Australian retail and wholesale/professional clients. The negative balance protection is for ASIC retail clients only. Due to our lower leverage offering we very rarely see negative account balances. Even when SNB removed their peg on EURCHF in Jan 2015 there were only a handful of small negative balances on that day.

Either way we aim to cover negative balances when they do happen across all of our licenses. Non ASIC retail (Vanuatu, Seychelles) we do have the right to recover however we would only do so with a considerable loss.

Regards,
Jeremy
  • #623
  • Sep 28, 2021 5:59pm Sep 28, 2021 5:59pm
Quoting smilee89
{quote} I believe the answer is NO. GP must comply ASIC rules which apply only to Australian residents' standard accounts. All other retail customers, as far as I know, are under "Vanuatu's regulation" which does not obligate the brokers to protect negative balance.
smilee89 please explain here why you ignore users with simple question ?

Thanks in advance
  • #624
  • Feb 8, 2024 2:55pm Feb 8, 2024 2:55pm
can somebody perhaps answer my question of how much in commission a good deal is with a prime of prime broker?

in the original post it was mentioned that an offer of 50 usd per million wasnt a good offer.. so how much is?
  • #625
  • Feb 13, 2024 10:01pm Feb 13, 2024 10:01pm
Quoting StefanN
can somebody perhaps answer my question of how much in commission a good deal is with a prime of prime broker? in the original post it was mentioned that an offer of 50 usd per million wasnt a good offer.. so how much is?
Hi Stefan, I can send you some details in PM if you'd like to connect that way
  • #626
  • Feb 13, 2024 10:04pm Feb 13, 2024 10:04pm
Connecting to LPs or PoP.

Is there anyone one list that is connecting to PoP or LPs ?

I've now got the volume and offers from LPs but I face that problem that all my systems are all setup in MT4 and you (unless I'm mistaken) can't connect to an LP with MT4.


Do people moving to LPs abandon MetaTrader?

Is there a software solution that allows you to connect MT4 to it and then route your orders to your LP ? But then again you must have a non-broker MT4 terminal (which I don't have).

There is so much talk on this thread about bypassing brokers so just wondering how people solve the technical interconnect side ?

Thanks
  • #627
  • Feb 14, 2024 2:22am Feb 14, 2024 2:22am
FIX API

you could use a MT4 to FIX API bridge like this one
  • #628
  • Feb 14, 2024 7:52pm Feb 14, 2024 7:52pm
Quoting BubaYaga
FIX API you could use a MT4 to FIX API bridge like this one
Hi Buba,

That is a really great solution but unfortunately it is not open to use with other brokers, it is only to connect to their own retail brokerage. Their rates are typical of other retail brokers.

That kind of solution would be really useful for connecting to any FIX broker, it's very clever but I can't see anyone offering that solution on the client side (there are lots of MT4/5 FIX bridges at the MT Server side.

I do have an idea for generating trades in MT4 but not executing via the MT4 live broker but executing on FIX connected LPs etc.

I'm going to play around with it a bit, let me know if anyone is also trying to solve this problem and I can share it (if it works).
  • #629
  • Feb 19, 2024 9:30am Feb 19, 2024 9:30am
Quoting pjectfx
{quote} Hi Stefan, I can send you some details in PM if you'd like to connect that way

Hello,

You can pm me with further information.

Greetings
  • #630
  • Feb 22, 2024 2:37pm Feb 22, 2024 2:37pm
Quoting StefanN
{quote} Hello, You can pm me with further information. Greetings

Actually private messages seems to be restricted on my account.

Greetings,

Stefan
  • #631
  • Mar 2, 2024 9:55am Mar 2, 2024 9:55am
Quoting martinez1
which broker can i place 500 - 2000 dollars per pip without having issues?
TD365.
MetaTrader 4 - so many advantages.
  • #632
  • Last Post: Nov 3, 2025 9:38am Nov 3, 2025 9:38am
Hi guys))
Haven’t looked in this thread for ages 10 years to be exact.
Many things changed and curious how changed landscape of PoPs for 10 years. I’m pretty sure PoPs who could survive and still operating are already trusted. Today I think Agency FX order execution (fully neutral) model can be named a Gold Standard. It’s time for me to find a new FX provider where I can park myself. Will appreciate if you guys share your experience trading with your FX dealers or suggest alternatives to my shortlist:
IBKR
Finalto
FXCM Prime brokerage
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