The minimum deposit amount required to register a Global Prime account is AU$200. This minimum deposit is equivalent to R3200 ZAR at the current exchange rate between the South African Rand & Australian Dollar at the time of writing.
Global Prime At a Glance
| Broker's Name | Global Prime |
| 🏛️ Headquarters | Bondi Junction, Australia and Port Vila, Vanuatu |
| 📅 Year Founded | 2010 |
| ⚖️ Regulating Authorities | ASIC, VFSC and FSA |
| 📎VFSC | no.385620 |
| 🌐 Countries not accepted for trade | United States, North Korea, Iran, Ivory Coast, Puerto Rica, and Ontario |
| 📌 Accounts | ECN Account |
| ☪️ Islamic account (swap-free) | No |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | 1: 200 |
| 👉 Sign Up Bonus | No |
| 💰 Minimum Deposit | AU$ 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$200
Regulators
ASIC, VFSC, FSA
Trading Platform
MT4, TraderEvolution, FIX API, WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Global Prime Minimum Deposit below.
Global Prime Minimum Deposit – 7 key point quick overview:
Global Prime At a Glance- Global Prime Overview
- Global Prime Deposit fees and deposit methods
- Step by step guide to depositing the minimum amount to a Global Prime account
- Global Prime Pros and Cons
- Global Prime Conclusion
- Frequently Asked Questions
Global Prime Overview
Global Prime has a minimum deposit requirement of only AU$ 200.
This minimum deposit amount is equivalent to ZAR 3200.00 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
Global Prime is regulated by the Australian Securities and Investments Commission (ASIC), Seychelles Financial Services Authority (FSA), and the Vanuatu Financial Services Commission (VFSC).
One of the requirements by most regulatory bodies and financial institutions is that all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.
With Global Prime, client money is held in segregated Client Trust Accounts with NAB bank, an AA-rated Australian bank regulated by APRA and ASIC.
Global Prime Deposit fees and deposit methods
When compared with other brokers, the minimum deposit that Global Prime requires when registering a live account is relatively low.
Global Prime offers traders the following payment methods which can be used when making deposits:
- Credit card
- Debit Cards
- Neteller
- Skrill
- PayPal
- Accentpay
- DragonPay
- ZOTAPAY
- FasaPay
- Poli
- BPay
- Wire Bank transfers
Deposit currencies that are accepted include:
- AUD
- USD
- EUR
- GBP
- SGD
- CAD
Global Prime does not charge deposit fees or withdrawal fees and will cover all bank processing charges.
Step by step guide to depositing the minimum amount to a Global Prime account
1. Step 1 – Login to your existing account
Login to the client portal and click on ‘Deposit’. Click on the drop-down arrow and select the account that you wish to fund.
2. Step 2 – Depositing funds
Select the ‘Make a Deposit’ tab. Scroll through the different funding and select the appropriate one. Select the funding method you would like to use, input the necessary details, and press the deposit button.
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
The minimum deposit amount required to register a Global Prime account is AU$200. This minimum deposit is equivalent to R3200 ZAR at the current exchange rate between the South African Rand & Australian Dollar at the time of writing.
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
Can South Africans open a Global Prime account?
Yes, South African citizens can open and trade with a Global Prime account.
What is the minimum deposit for Global Prime?
the minimum deposit amount to open an account is AU$200 / R3200 ZAR
How do I make a deposit and withdrawal with Global Prime?
- Credit card
- Debit Cards
- Neteller
- Skrill
- PayPal
- Accentpay
- DragonPay
- ZOTAPAY
- FasaPay
- Poli
- BPay
- Wire Bank transfers
Does Global Prime charge withdrawal fees?
No. However, traders should take note that fees from financial institutions may apply.
How long does it take to make a withdrawal?
This will depend on the payment method used. Withdrawals submitted before 10 AM AEST/11 AM AEDT (00:00) will be processed the same day. Withdrawals usually take a couple of business days but there may be delays with your bank which is outside of its control.
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