Global Prime provides spreads from 0.0 pip and an ECN account option together with $0 fees deposits and withdrawals including leverage up to 1:200 and a minimum deposit of $200 USD / R3200 ZAR
Global Prime At a Glance
| Broker's Name | Global Prime |
| 🏛️ Headquarters | Bondi Junction, Australia and Port Vila, Vanuatu |
| 📅 Year Founded | 2010 |
| ⚖️ Regulating Authorities | ASIC, VFSC and FSA |
| 📎VFSC | no.385620 |
| 🌐 Countries not accepted for trade | United States, North Korea, Iran, Ivory Coast, Puerto Rica, and Ontario |
| 📌 Accounts | ECN Account |
| ☪️ Islamic account (swap-free) | No |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | 1: 200 |
| 👉 Sign Up Bonus | No |
| 💰 Minimum Deposit | AU$ 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 Fees & Spreads below.
Global Prime Fees, Spreads and Commissions – 7 key point quick overview:
Global Prime At a Glance- Global Prime Overview
- Global Prime Additional Trading Fees
- Global Prime Broker Fees
- Global Prime Pros and Cons
- Global Prime Conclusion
- Frequently Asked Questions
Global Prime Overview
Global Prime offers tight spreads, and a typical EUR/USD spread starts from is 0.3 pips.
With Global Prime, your choice is easy since the broker offers one account for all which means you connect all the solutions to one online feature with a full range of account management and possibilities.
For active traders, most trading fees will come from commissions and spreads. The broker combines tier-1 bank, non-bank, and ECN liquidity to give you tight spreads across our range of global markets 24/5.
As an ECN forex broker, Global Prime passes on the prices it receives from its liquidity providers to traders. This means our spreads are variable and fluctuate in line with market liquidity and volatility.
Global Prime charges a $ 7 commission per 100k round turn which is competitive in the industry.
Global Prime Additional Trading Fees
When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.
On a currency, pair interest is paid on the currency sold and received on the currency bought. In addition, swap rates are driven by the interbank spread and cross-currency basis.
With Global Prime swap charges are released daily by financial institutions that the broker works with. They are calculated based on the charges incurred by the broker to roll the positions in the market. The swap charge is measured on a standard size of 1.0 lot.
Global Prime does not offer spread betting and thus spread betting fees do not apply.
Global Prime Broker Fees
Global Prime does not charge deposit fees or withdrawal fees and will cover all bank processing charges.
Deposit facilities are to be used for trading only and Global Prime will cover the merchant fee’s for Neteller and Credit Card deposits on behalf of its clients, in some cases up to 4% of the deposit amount.
If a client deposits funds via Neteller or Credit Card and then requests a withdrawal of these funds with no trading (or minimal trading) on their account, Global Prime reserve the right to charge the applicable merchant fees to the clients account upon their withdrawal.
The broker does not accept payments from third parties. All deposits into your Global Prime trading account must come from a bank account in the same name.
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 provides spreads from 0.0 pip to 0.4 pips and an ECN account opening option together with $0 fees on deposits and withdrawals including leverage up to 1:200 and a minimum deposit of $200 USD / R 200 ZAR
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
Which platforms are supported by Global Prime?
MetaTrader 4, TraderEvolution, FIX API and WebTrader.
Does Global Prime offer leverage?
Yes. Leverage of up to 1: 200.
Does Global Prime charge a commission?
Yes. Global Prime charge a $ 7 commission per 100k round turn which is competitive in the industry.
Is Global Prime regulated?
Yes. Global Prime is regulated ASIC, VFSC and FSA.
Is Global Prime a recommended forex trading broker for experts and beginners?
Yes. Global Prime offers a trading environment for both beginners and expert traders but is more focussed on the advanced trader.
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