Global Prime Rebates and Commission Discounts
We offer the following rebates and commission discounts:
Global Prime Rebates – $1.50 rebate via a direct commission discount.
You pay a discounted commission of $5.50 per round turn lot commission instead of $7.
To open an account with the above Global Prime rebates, please click here.
If you have an existing account and would like to receive the commission discount, please email forex@globalprime.com.au with your account number and request a transfer to the ‘Abundance Trading Group IB’.
Your spreads remain exactly the same – There is no spread mark up to provide you this service.
The global prime account is especially for those who want a peace of mind trading forex, that your broker does not trade against you – Global prime is able to show you for each trade they do not trade against you via liquidity provider receipts
Frequently Asked Questions
- Is this commission discount/rebate service 100% legitimate?
- Yes, Abundance Trading Group is an introducing broker (IB) of all brokers listed on our website, and our role is to introduce new clients to them. We do this by giving back to you part of our referral fee the directly to you in the form of a commission discount.
- Is your service free?
- Absolutely. You do not pay a single cent, and you are not at a disadvantage because we don’t mark up your spreads
- Do you mark up my spreads?
- No! We will never do that. Honesty and Integrity is a big part of Abundance Trading Group and we will not do anything to put our clients at a disadvantage. It would also be disadvantageous for us to do that because we would earn a bad reputation for ourselves and future clients would not come to us
- How do I sign up for the rebates or commission discount?
- Click on the link above to sign up
- I am always available at linton@abundancetradinggroup.com or live chat via instant facebook message to assist. You will be speaking with me, Linton
- If I sign up with you, will you have access to my trading account and trade information?
- No. Absolutely not. Only you have access to such information. We only receive compensation for referring you.
- Does it matter if my trades are profitable or not?
- You will receive a commission discount/rebate no matter whether your trades are profitable or not. There is no disadvantage to you.
Questions about Global Prime Rebates?
See the commission rate reduction on your account
After the discount. Before the discount, commission rate is SGD 9 per rt (for SGD accounts)
Account is in Singapore Dollars, hence original commission rate before discount is SGD 9 per rt lot. After discount is 7.5 SGD (see image above)
In the example above, the account denominated in Singapore Dollars (SGD). Original commission rate is SGD 9 per round turn lot (for SGD accounts), equivalent to 7 USD.
After the discount, the commission rate is reduced to SGD 7.5 per rt lot, a 17% discount. This is calculated from the top image by taking the commission charged for trading 3.35 lots, 25.13 SGD ÷ 3.35 lots = 7.5 SGD.
For USD/AUD accounts, original commission rate is 7 USD/AUD. After our discount, your commission rate will be $5.50 USD/AUD per rt lot
Sign up instructions and existing accounts
To open an account with the above Global Prime rebates, please click here.
If you have an existing account and would like to receive the commission discount, please email forex@globalprime.com.au with your account number and request a transfer to the ‘Abundance Trading Group IB’.
What to expect: Once you click the link above, it will send you to Global Prime’s webpage. Go ahead and open your account there. Fill out your personal details and send your proof of identity (scanned passport page) and proof of address (scanned utility bill) and wait 12-48 hours for your account to be opened. Once your account is opened, Global Prime will know you came from us (through the link above) and the $1.50 commission discount will automatically be applied to your account
What to expect (if you have an existing account): Once you have emailed forex@globalprime.com.au and requested them to transfer your existing account number to the ‘Abundance Trading Group IB’, Global Prime will respond within 24 hours saying your account has been successfully transferred. The $1.50 discount is automatically applied to your account once your account is in our IB group
- We are always available to assist with the account opening or account transfer through live chat via facebook message or email linton@abundancetradinggroup.com. You will be speaking with Linton
Don’t wait! The faster you sign up, the more you save!
Reviews!
Leave us a review in the comments section below if you have benefited from this rebate!
Low Spreads and regulation
Global Prime Forex is ASIC regulated and has very competitive spreads on the majors and minors (see spread comparison table below). Typical EURUSD spread is 0.4 to 0.7pips.
Currency pairs and CFDs
Global Prime Forex accounts offers 42 different currency pairs including spot gold (XAUUSD) and spot sliver (XAGUSD), US index CFDs, Nikkei 225, commodity CFDs (Brent crude oil, WTI). For the full list of CFD offerings click here.
Stop level, leverage and min trade size
They have zero stop level and offer 200:1 leverage (higher leverage pending approval) with minimum 0.01 lot trade size.
Trade server location & Execution speed from VPS
Their trading servers are located at NY4 (New York) and co-location is possible from a New York based VPS from CNS (Commercial Network Services) or Beeks. Both are located within *1ms latency from Global Prime’s Trade servers.
Average execution speed from my NY based **CNS VPS is: ~125ms
VPS sponsorship
Global Prime will sponsor your Beeks Bronze VPS if you trade a minimum of 20 lots in a month. Beeks Sliver requires 30 lots and Gold requires 40 lots. Otherwise, they will give a ~28% discount on your Beeks VPS. Full details here.
*Source: Commercial Network Services latency chart and Beeks latency chart
**My VPS specs: CNS NY, Trader’s VPS Standard Edition, 4 cores 2GB ram, Win server 2012.
Note Win 2012 has 20 to 30% more ticks than Win server 2003. This is very important point to take note of as your trade can only be executed with an incoming tick. Those on Win 2003 may miss trading opportunities if running EAs that trade per tick rather than at the close of each bar. I write more about this at the bottom of the recommended VPS providers section as well as the tick counter indicator section
Hi
How are the rebates paid, direct bank transfer to my account, credit or trading account?
Thanks
Paul
Hi Paul,
The rebates are paid ‘instantly’ through a real-time commission discount. This means instead of receiving a cashback or rebate at the end of the day or month, it is immediately applied through a direction reduction in your commission rate.
There is a section above entitled: See the commission rate reduction on your account
You can view the effect of the commission reduction on your account.
Cheers,
Linton