Global Prime Rebates | Best Rates on the Web
| Global Prime ECN | |
| Forex | $1.60 Per Lot - Monthly Cash Back --OR-- 22.85% - Direct Commission Reduction |
| Metals | $1.60 Per Lot - Monthly Cash Back --OR-- 22.85% - Direct Commission Reduction |
| Payment Options |
Monthly cash back
Commission reduction
|
What Are Global Prime Rebates?
Global Prime rebates reduce the spread or transaction cost paid by a trader for each lot or fraction of a lot traded at Global Prime. In general, forex rebates can come in several different forms depending on each broker:- A pricing reduction made directly to the spread or commission cost.
- A cash payment paid into the trader's account, typically daily.
- A monthly cash payment made to the trader's selected payment method such as Paypal, bank wire, etc.
How do forex rebates work?
Brokers pay us a volume based commission for each trade placed by a client we send them. We then pay most of this commission back to our clients. We never work with brokers who attempt to raise spreads or worsen trading conditions for our clients, it's totally against our business model. Ultimately, you get a better deal going through us than direct to the broker. If it seems too good to be true and you're still skeptical, we understand! Just ask the broker about our program directly.Which Global Prime rebate program is the best?
Our business model and theme is offering the highest rebate rates at every popular forex broker. We do this by adjusting our rates whenever we find a competitor offering more. We work with cashbackforex.com, the original and leading provider of forex rebates in order to provide top notch support and services. In addition, due to being the industry leader in client volume they have negotiated the highest commission rates and thus we can easily beat competitor rates. We also offer higher rebate rates than cashbackforex.com.Will my Global Prime spreads increase?
There may be a few scammy forex rebate providers out there that do this but we do not. It would be deceptive, unethical, and totally against our business model, not to mention customers would quickly catch on and write horrible reviews! The easiest way to alleviate such a concern is just ask customer support at Global Prime.How can it be better to work through a 'middle-man' than just working directly with Global Prime?
Global Prime rebates are similar in nature to a credit card rewards program. Let’s take a Visa credit card for example. When a consumer purchases something using a credit card the vendor incurs a fee of between 1.5% – 3% which they pay to Visa. Many consumers are enrolled in a credit card rewards program and receive approximately 1% cashback reward on any credit card purchase they make. Is it free money? Yes and no. It’s money the consumer would not have received if they were not signed up with the rewards program, however it’s paid for out of fees charged to the vendor who will naturally build such fees into the cost of their products.
A forex rebate provider typically has a contractual relationship with a number of different forex brokers and earns a commission for each trade placed by a trader they refer to the forex broker. The marketing benefits afforded to forex brokers by such a system are substantial, from actual referred clients to branding, added search engine visibility, etc. The rebate provider then pays the client a cash rebate from the commission they earn from the forex broker.
Are Global Prime rebates worth the effort?
The biggest obstacle to any forex trader is the cost of the transaction. It may seem small, but in fact it’s the biggest factor that gives the trader less than a 50% chance of winning any particular trade. This seemingly small cost can be devastating when compounded, and in the long term if the trader relies on luck alone they are sure to continually lose on their investment. Global Prime rebates reduce the cost of the transaction and increases a trader’s probability of winning. Still, a trader must rely on their trading skill to close the remainder of the gap.
Why don't you offer more forex rebate brokers?
We have chosen to focus on the more reliable, competitive and trustworthy brokers. If we were to add every forex broker that approached us we would have at least several hundred. Currently we have a relationship with all of the most popular broker’s across the globe. As a customer-focused company our paramount concern is that we send clients to broker’s where they will be able to withdraw their funds easily when the time comes; and experience fair trading conditions and good customer service.
How much Global Prime rebates can I earn?
Use our forex rebate calculator to estimate your Global Prime rebate earnings:
Accounts can be opened in base currencies of Australian Dollar (AUD), Canadian Dollar (CAD), Euro (EUR), British Pound (GBP), Singapore Dollar (SGD) and US Dollar (USD). Deposits can be made via Bank Wire or Credit Card and Customer Support is available 24/5 during market hours. There are 42 currency pairs that can be traded.
Client funds are held in a segregated trust account with Westpac Banking Corporation a AA rated Australian Bank.
| Company Name | Global Prime Pty Ltd |
| Year Founded | 2010 |
| Headquarters | Australia |
| Office Locations | Australia, China, Ukraine |
| Account Currency | AUD, CAD, EUR, GBP, SGD, USD |
| Client funds bank | Westpac Banking Corporation |
| Support Languages | English, Polish, Portuguese, Czech |
| Funding Methods | Bank Wire, BPAY, Credit/Debit Card |
| Financial Instruments | Forex |
| 24 hour support | Yes |
| Segregated Accounts | Yes |
| Islamic Accounts | No |
| Accepts US Clients | No |
| Accepts Japanese Clients | No |
| Non expiring demo | Yes |
| Trading API | Yes |
| Global Prime ECN | |
| Commission | $7.00 Per Lot Per 100K Traded |
| Maximum leverage | 200:1 |
| Typical Spread | 0.3 |
| Trading platform | MT4 |
| Mobile platform | MT4 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 500 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Islamic Accounts | No |