Global Prime offers only one account selection, ECN Trading account as well as the option of a Demo account but not an Islamic account option.
Global Prime At a Glance
| Broker's Name | Global Prime |
| 🏛️ Headquarters | Bondi Junction, Australia and Port Vila, Vanuatu |
| 📅 Year Founded | 2010 |
| ⚖️ Regulating Authorities | ASIC, VFSC and FSA |
| 📎VFSC | no.385620 |
| 🌐 Countries not accepted for trade | United States, North Korea, Iran, Ivory Coast, Puerto Rica, and Ontario |
| 📌 Accounts | ECN Account |
| ☪️ Islamic account (swap-free) | No |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | 1: 200 |
| 👉 Sign Up Bonus | No |
| 💰 Minimum Deposit | AU$ 200 / R3200 ZAR |
| Spread | from 0.0 pips to 0.4 Pips |
| 💳Commission | $7 per round turn lot |
| 💳 Deposit Options | Credit card Debit Cards Neteller Skrill PayPal Accentpay DragonPay ZOTAPAY FasaPay Poli BPay Wire Bank transfers |
| 💳 Withdrawal Options | Credit card Debit Cards Neteller Skrill PayPal Accentpay DragonPay ZOTAPAY FasaPay Poli BPay Wire Bank transfers |
| 📊 Platform Types | MetaTrader 4, TraderEvolution, FIX API and WebTrader |
| 📶 OS Compatibility | PC, Mac, web, Android, iOS |
| 📈 Tradable assets offered | Forex Indices Commodities Cryptocurrencies |
| 💬 Languages supported on Website | English and Portuguese |
| 💬 Customer Support Languages | English and Portuguese |
| ⏲️ Customer Service Hours | 24/5 |
| 🔎 Open an Account | 👉 Click Here |
Min Deposit
AU$200
Regulators
ASIC, VFSC, FSA
Trading Platform
MT4, TraderEvolution, FIX API, WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Global Prime Account Types below.
Global Prime Account types – 9 key point quick overview:
Global Prime At a Glance- Global Prime Overview
- Global Prime Account Types
- Global Prime Account Features
- Global Prime Demo Account
- Global Prime Islamic Account
- Global Prime Pros and Cons
- Global Prime Conclusion
- Frequently Asked Questions
Global Prime Overview
Global Prime is a 100% Australian-owned and operated FX and CFD provider. It was founded in 2010 and has headquarters in Bondi Junction, Australia, and Port Vila, Vanuatu. It specializes in low latency connectivity to tier-1 bank liquidity and ECNs for an unrivaled trading experience.
The broker operates in a regulated trading environment with an execution model based on STP connectivity. It was originally founded to cater to the then-booming user base of the MetaTrader 4 platform.
Then expert advisors were becoming more mainstream and ‘ECNs’ were starting to become more common among retail brokers.
Since Global Prime began its operation, it has served clients from over 120 countries, uses 20 liquidity providers to guarantee the best quotes, and trades huge volumes across continents.
Global Prime is regulated by the Australian Securities and Investments Commission (ASIC), Seychelles Financial Services Authority (FSA), and the Vanuatu Financial Services Commission (VFSC).
It also holds an Australian Financial Services Licence (AFSL) to carry on financial services business in Australia as well as a Securities Dealers Licence issued by the FSA in Seychelles.
The broker offers trading in Forex, Indices, Commodities, and Cryptocurrencies with competitive pricing, as well as defines your best strategy and runs the social trading account, MAM or PAMM account.
Traders have the option to trade on the globally popular and preferred MetaTrader 4 as well as TraderEvolution, FIX API, and WebTrader on most devices.
Customers from the United States, North Korea, Iran, Ivory Coast, Puerto Rica, and Ontario are not accepted as clients at Global Prime.
Global Prime Account Types
Global Prime only provides one ECN Account for individuals, joint, corporate, and trusts. This account is the only choice for traders who demand absolute quality, performance, and transparency from their broker.
This account type with Global Prime is used primarily by institutional traders, HFTs, and price-sensitive also traders.
Traders will find that through this one live account, Global Prime offers competitive trading conditions along with comprehensive solutions and services.
Global Prime Account Features
| 💠Feature | 📈 ECN Trading Account |
| 📊 CFD Instruments | 100+ Markets FX, Indices, Commodities, Digital Currencies, Shares, Bonds |
| 📈 Spreads | From 0.0 pips to 0.4 Pips |
| 💵 Commission | $7 per round turn lot |
| 💳 Leverage | 1:200 |
| 👉 Open an Account | 👉 Click Here |
Global Prime Demo Account
Global Prime offers traders the option of opening a Demo Account which can be utilized in many ways.
It is seen as a practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
It can also be used by traders who are evaluating and comparing brokers and would like to explore what Global Prime’s trading conditions are in a risk-free environment.
Global Prime’s demo account sign-up is fully digitalized and hassle-free. Demo accounts are generally available for a period of 30 days. It is unfortunately not clear for how long the demo account is valid with Global Prime.
The demo account has the same features as the live account type and gives traders the opportunity to practice trading without any risk involved.
Register for an account can be done within a few minutes and as soon as the trader is registered, demo trading can commence once the trader has downloaded and installed their trading platform of choice.
Global Prime Islamic Account
Global Prime does not offer an Islamic Account to Muslim traders who follow the Sharia law.
Global Prime Pros and Cons
| ✔️ Pros | ❌ Cons |
| Low spreads | Offers only one account |
| Offers competitive and attractive trading conditions | Currency conversion fees may apply |
| Zero fees charged on deposits and withdrawals | Education information is mostly based on blogs |
| Referral bonus offered | No Islamic account offered |
| Fairly minimum deposit requirement | Small commission charges |
| No deposit or withdrawal fees charged | Clients from the United States, North Korea, Iran, Ivory Coast, Puerto Rica, and Ontario are not accepted |
| Regulated through ASIC, VFSC and FSA | Education information is mostly based on blogs |
| Reliable payment methods offered | Mostly for advanced traders |
| Variety of payment methods offered | Only one live account type offered |
| Six base currencies offered | Demo account expires after 30-days |
| Competitive trading conditions | Mostly for advanced traders |
| MetaTrader 4 offered | |
| Demo account offered | |
| Offers tight spreads | |
| Segregated client funds used | |
| Sign-up completed in minutes | |
| Transparent fee schedule | |
| Great customer service and help |
Global Prime Conclusion
Overall, Global Prime offers only one account selection, ECN Trading account as well as the option of a Demo account but not an Islamic account option.
Min Deposit
AU$200
Regulators
ASIC, VFSC, FSA
Trading Platform
MT4, TraderEvolution, FIX API, WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
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Frequently Asked Questions
What are the advantages of trading with a Global Prime account?
Advantage of trading with Global Prime include tight spreads, fast executions speeds, deep liquidity and a commitment to transparency from the broker.
Which platforms are supported by Global Prime?
Global Prime supports MetaTrader 4, TraderEvolution, FIX API and WebTrader.
Which live trading accounts does Global Prime offer?
Global Prime offers only an ECN account that can be opened by individuals, corporations or as a joint account.
What instruments can be traded with Global Prime?
Instruments that can be traded with a Global Prime account include Forex, Commodities, Indices, Cryptocurrencies, Bonds and Shares.
Does Global Prime impose any restrictions on traders?
Global Prime states that it does not impose any restrictions on traders. They accept all trading strategies and are Scalper, EA, HFT and News trader friendly.
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