Global Prime does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment with an expiring time frame of 30 days.
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 Demo Account below.
Global Prime Demo Account – 6 key point quick overview:
Global Prime At a Glance- Global Prime Overview
- How to set up a Global Prime Demo Account – Step by Step
- Global Prime Pros and Cons
- Global Prime Conclusion
- Frequently Asked Questions
Global Prime Overview
Global Prime’ demo account is like the live ECN account that is offered by Global Prime. Traders have access to the same functions, features, and options that they would have on the live trading account.
The only exception is that the demo account is risk-free as traders make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
When making use of MetaTrader 4, traders will have access to the various functions, tools, features, and more, which is offered by these trading platforms.
A demo account is seen as the same as a practice account since it provides traders with the ability and freedom to explore the broker’s offering without running the risk of sustaining losses as traders use virtual money with which to practice trading.
Beginner traders use demo accounts to familiarize themselves with the live trading environment that a broker provides. They build up their trading skills by actively participating in trades and developing their own trading strategies.
Demo accounts are not only intended for beginners, but it can also provide more advanced traders the opportunity to explore what brokers offer.
How to set up a Global Prime Demo Account – Step by Step
1. Step 1: Account Registration
Navigate to the Global Prime website to start the application process or you can simply click on ‘Free demo” on the homepage.
2. Step 2: Complete registration
A page will open where traders will be asked to complete an online registration form by providing their first and last name, email, and country of residence. You will also be asked to choose the currency and the amount of virtual money you want to trade with.
3. Step 3: Start trading once documents are submitted
Once you have submitted your requested documents click on the link ‘Start trading – Risk-Free’. You will receive an email with an activation link on which you have to click. In addition to this, you will receive a further email with the login details for your demo account and download links for MetaTrader 4. Once you have downloaded MT4, you use the demo account number and password to log in and can begin trading. You should also receive another email with your Client Portal login. As soon as you are ready you can navigate to the Client Portal to create more MT4 demo accounts or to open a live account.
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 does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment with an expiring time frame of 30 days.
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
You might also like: Global Prime Review
You might also like: Global Prime Account Types Overview
You might also like: Global Prime Fees and Spreads
You might also like: Global Prime Minimum Deposit
You might also like: Global Prime Sign up Bonus
Frequently Asked Questions
Does Global Prime allow demo trading?
Yes, Global Prime does offer traders a demo account option.
For how long is the demo account valid?
A Global Prime demo account is only valid for 30-days.
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 are the available deposit currencies for a live trading account?
The deposit currencies that are available for the Global Prime account is AUD, USD, EUR, GBP, SGD and CAD.
Does Global Prime accept traders from all countries?
No, Clients from the United States, North Korea, Iran, Ivory Coast, Puerto Rica, and Ontario are not accepted
Top 4 Brokers
