Global Prime Review

Overall, Global Prime can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. Global Prime has an overall trust score of 91 out of 99. Global Prime offers a world-class social trading platform with immediate order execution.

 

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

 

 

Choose your quick section of our Global Prime review below.

 

Global Prime Review – 20 key point quick overview:

 

1. Global Prime At a Glance
2. Global Prime Overview
3. Global Prime Safety and Security
4. Global Prime Sign Up Bonus
5. Global Prime Minimum Deposit
6. Global Prime Demo Account
7. Global Prime Accounts
8. Global Prime Market Instruments
9. Global Prime Fees, Spreads & Commissions
10. Global Prime Deposit and withdrawal
11. 140+ Point Breakdown of Global Prime
12. Global Prime Trading platforms
13. Global Prime Best Countries by Traders
14. Global Prime vs Exness vs XM – a Comparison
15. Global Prime Current Popularity Trend
16. Global Prime Customer Reviews
17. Global Prime Pro and cons
18. Global Prime Conclusion
19. Global Prime Disclaimer
20. Frequently Asked Questions

 

Global Prime Overview

 

 

According to research in South Africa, Global Prime is an Australian-owned company that proposes a regulated trading environment with a sophisticated execution model based on STP connectivity, bringing powerful platforms, and copy trade capabilities all with tight spreads.

 

Since the beginning of its operation in 2010 Global Prime has served clients from over 120 countries and uses 20 liquidity providers to guarantee the best quotes and trade huge volumes across continents.

 

With Global Prime, you may choose between Forex, CFD, and Cryptocurrency instruments with competitive pricing, as well as define your best strategy and run the social trading account.

 

Global Primes purpose a fair trade ensuring that its client’s interests as a trader are aligned with its interests as a broker and that through this mutually beneficial relationship, both parties are better off.

 

Global Prime sees it as its duty to create the conditions that are conducive to a trader’s success by offering institutional trading benefits to the individual.

 

Global Prime Safety and Security

 

 

Global Prime is a respected financial investment firm authorized and regulated by ASIC and holds an AFSL license. This is necessary to guarantee market integrity and propose tailored trading capability with a safe trading environment.

 

Using Global prime as your broker will bring you the reassurance that your money is kept under necessary rules. You may count on support from ASIC, as the trading conditions are constantly overseen.

 

All client money is managed in accordance with client money laws and kept separate from company funds. Client money is held in segregated Client Trust Accounts with Westpac bank, an AA-rated Australian bank regulated by APRA and ASIC.

 

This means the Global Prime entity you are contracted with will determine the statutory protections afforded to your money held with it and what those funds can be used for.

 

Global Prime Sign Up Bonus

 

 

Sign Up Bonus is not offered by Global Prime.

 

Global Prime does not offer a welcome bonus, deposit bonus, or the advantage of a no-deposit bonus when traders register a real account for the first time.

 

Global Prime Minimum Deposit

 

⭐ Features	ℹ️ Information
💰 Minimum Deposit	AU$200 / R3200 ZAR
📊 Average spreads from	0.4 pips
💳 Deposit / Withdrawal fees	None
📊 Maximum leverage	1:200
🔥 Bonus	None
☎️ Customer support	24/5

 

The minimum deposit amount required to register a Global Prime trading account is AU$200. This minimum deposit is equivalent to R3200 ZAR at the current exchange rate between the  South African Rand & United States Dollar.

 

Global Prime Demo Account

 

 

Global Prime does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Global Prime demo account expires after 60 days.

 

Global Prime Accounts

 

💠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 support individual, joint, corporate, and trust accounts in an ECN account. The ECN account is the only choice for traders who demand absolute quality, performance, and transparency from their broker.

 

Used primarily by institutional traders, HFTs, and price-sensitive algo traders, the Global Prime ECN account has been designed for the smart trader who knows exactly what they want.

 

Global Prime combine low latency connectivity, market-leading spreads, and liquidity across a broad range of global markets and the best trading platforms for an unrivaled trading experience.

 

How to open a Global Prime account

 

1.  Step 1 – Register an account

 

Navigate to the Global Prime website and select the option “Ready to Start” where traders will be redirected to a page to complete information for registration.

 

 

2.  Step 2 – Complete Registration & provide identification

 

Once all information is completed traders will be requested to upload personal identification information. Global Prime will confirm and send an email to activate traders’ accounts.

 

 

 

Global Prime Market Instruments

 

 

Global Prime deals in forex, metals, indices, energies, and cryptocurrencies.

 

Forex

 

The foreign exchange market is a worldwide, decentralized, over-the-counter market for the trading of currencies. It is considered the largest market in the world, with daily trading volumes exceeding 5 trillion.

 

Indices

 

Global Primes stock Indices allow traders to take a view on the world’s largest and most important global stock markets without trading or owning the underlying shares.

Indices such as the DJIA index (US30) represent a basket of the 30 largest companies listed on US stock exchanges.

 

Commodities

 

The Commodity markets such as Gold and Oil are popular with traders due to their trending nature and sometimes rapid moves resulting from geopolitical and economic risks and uncertainty, as well as sudden dramatic shifts in supply and demand.

 

Cryptocurrencies

 

Cryptocurrencies are the most exciting, volatile, and nonsensical asset class ever to exist. The cryptocurrency market is entirely unregulated and controlled predominantly by the reactions and mass psychology of retail speculators.

For experienced traders only, the Global Prime Cryptocurrency offering allows traders to use a CFD. This means traders do not need to hold cryptocurrency and be exposed to all the risks with doing so.

VPS can avoid latency and maintain platform connectivity, especially if you are using Expert Advisors (EA).

It is a great option for traders wanting to run their EAs around the clock. Global Prime clients trading more than 20 lots per month may be eligible for complimentary VPS hosting.

 

Global Prime Fees, Spreads & Commissions

 

 

Global Prime makes your choice simple and easy by running one account for all. This means you connect all the solutions to one online feature with a full range of account management and possibilities.

 

Global prime mainstays on the low spread and raw offering while typical EUR/USD spread is 0.1pips, plus the $7 commission per 100k round turn which is very competitive in the industry.

 

Always remember to consider rollover or overnight fee as a cost, it is charged on the positions held longer than a day and defined by each instrument separately.

 

Deposit facilities are to be used for trading only. Global Prime 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 client’s account upon their withdrawal.

 

 

Global Prime Deposit and withdrawal

 

 

Global Prime enables you to open an account with your choice of the base currency, in reverse making money deposit or withdrawal more convenient.

 

Paypal and many local funding options are available (in many countries around the world, from e-wallets to bank wire).

 

Also, you may choose the best suitable option either to pay with Credit/ Debit Cards, Neteller, Skrill, Wire Bank transfers or BPay. Currencies and commissions can be in AUD, USD, EUR, GBP, SGD, and CAD.

 

Since there is no difference between account types, this amount will allow you to start while further checking on the necessary margins and other conditions so you may define a suitable amount.

 

Deposits can be made from inside the Client Portal and not all deposits made will be reflected in your account, immediately.

 

Withdrawal requests can also be done from inside the Client Portal. Withdrawal requests submitted before 10 AM AEST/11 AM AEDT (00:00 GMT) will be processed the same day.

 

Any request after will be processed the next business day. Withdrawal usually takes a couple of business day.

 

Global Prime does not charge any fees for either deposits or withdrawals. Yet, you should always check with your payment provider if there are any charges on international transfers.

 

Global Prime Trading platforms

 

 

Global Prime uses the platform MetaTrader4 as its trading environment is suitable for both professionals and beginners.

 

There are three execution models available at MT4 together with different versions of a platform suitable for various devices, including an App for mobiles.

 

Global Prime enhances the platform with free add-ons, analytical objects, and technical indicators all with no restrictions on algorithmic trading or use of EAs.

 

This solution provides the ability to trade with customized liquidity on fast execution speeds and unparalleled software that brings you all you need for good performance.

 

You may automate your trading with social trading capability that allows copying other traders directly to your Global Prime account.

 

Global Prime Best Countries by Traders

 

🌎 Country of Trade	📌 % of Traders
🥇 Malaysia	13.16%
🥈 Brazil	9.21%
🥉 Nigeria	7.52%
🥉 Turkey	7.26%
🥉 Canada	6.41%
🥉 Others	56.45%

 

 

Global Prime vs Exness vs XM – a Comparison

 

🔎 Broker	🥇 Global Prime	🥈 Exness	🥉 XM
Established	Established in 2010	Established in 2008	Established in 2009
💵 Min. Deposit	AU$200 / R3200 ZAR	$1 USD / R16 USD	$5 USD / R80 ZAR
💳 Inactivity Fee	No	Yes	Yes
☪️ Islamic Account	📌 No	Yes	Yes
🎉 Demo Account	Yes	Yes	Yes

 

Global Prime Current Popularity Trend

 

According to Google Trends, here is an overview of how frequently the search term – “Global Prime” is entered into Google’s search engine over a given period of time

 

 

Global Prime Customer Reviews

 

 

Broker of choice.
Pros: Great broker. Fast and professional in everything. Trader Evolution account lets you trade via Tradingview.
Cons: The trader Evolution app for both mobile and PC needs UI improvements (takes too long to connect and place a trade).

 

Satisfaction

Satisfied with this broker.

 

Broker

Very good broker

 

 

 

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 is mostly summarised as a credible and reliable broker and is considered low-risk with competitive trading fees and spreads. Global Prime has an overall trust score of 91 out of 99. Global Prime offers a world-class social trading platform with immediate order execution.

Global Prime maintains a balance between trades offered and the overall conditions that the broker maintains. There is an option for almost any trader to find its way in the trading world, either through social trading or by maintaining its own strategy.

Being a regulated Australian broker is an advantage as you can rest assured knowing your investment is safe. Traders of any style can enjoy trading with Global Prime along with the enlarged offering in a conflict-free environment with STP technology.

 

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You might also like: Global Prime Sign up Bonus

 

Global Prime Disclaimer

 

Forex trading along with the trading in other leveraged products involves an immense level of risk which may not be suitable for all traders. The exposure to risk and the potential of loss and damage may exceed the initial deposit amount.

Before traders start trading in Forex along with other instruments, they need to ensure that they fully understand the risks involved and that they evaluate their objectives along with their level of exposure and willingness to be exposed to risks.

Should traders deem it necessary, they may seek independent, professional third party advice before making any decisions that can result in the loss of capital, or loss of amounts that exceed the initial invested capital, According to research in South Africa.

 

Frequently Asked Questions

 

 

What is the overall rating for Global Prime?

 

Our research of Global Prime reveals a rating of 3.8/5 on Trustpilot. Most users are happy with their trading conditions.

 

What are the advantages of trading with Global Prime?

 

Advantages of trading with Global Prime include low spreads, zero fees charged on deposits and withdrawals and a referral bonus offered.

 

Is Global Prime a legit broker in South Africa?

 

Yes, Global Prime is known as a legit broker in South Africa.

Which type of trader is Global Prime best suited for?

 

Global Prime is best suited for beginner and professional traders.

 

What type of broker is Global Prime?

 

Global Prime is listed as a ECN broker.