Reviewed forex Broker: Global Prime
Operated by Global Prime Pty Ltd
Established in 2016
License: Australian Financial Services Licence (AFSL)
Regulation: Australian Securities & Investments Commission (ASIC)
DPRK (North Korea), USA or Japan traders are not accepted
Why Choose Global Prime?
Fast Execution Speed
New Accounts Types
Get started with global prime by opening a demo or live account. All of the information you will need to get started trading forex with Global Prime. The Broker offers a demo account for clients wanting to test run our services and live accounts for clients looking to get live forex trading underway.
The world's most popular forex trading platform for all your devices
MetaTrader 4 is one of the most popular Forex trading platforms in the world. With millions of traders worldwide and wide range of needs, MetaTrader 4 provides ample opportunities to traders of all skill levels with advanced technical analysis, flexible trading systems, algorithmic trading and expert advisors.
Beeks VPS Bundle Offer
Stable, Robust, Reliable & Fast - Everything you need for the ultimate trading experience. When trading forex you want rapid trade execution, a stable environment and high accessibility. By using Beeks FX for your trading you can be sure that these needs will be met. Combining both Global Prime and Beeks FX is a sure way to give yourself the competitive edge.
Designed for money managers looking to automate trade allocation. A Multi Account Manager (MAM) is designed for money managers who are looking for extensive flexibility when they are sub-allocating their trades on a single master account.
Social trading capabilities with Global Prime forex Broker.
Benefits of Myfxbook
Complete Trade Mirroring
No Software Needed
Real time communication with FIX API for professional traders
FIX protocol is used by many professional traders providing them with real-time communication between client, trader, investment fund or broker and liquidity provider. The API gives clients complete control over data which is sent and received without needing intermediary software.
A spread is the difference between the bid price and the sell price for a currency pair. Global Prime claims to provide some of the tightest spreads across 42 Currencies and Metals. Spreads on the broker 's MetaTrader 4 platform are variable and feed direct from Liquidity Providers. Please note that spreads are tighter during higher volumes of liquidity or may become wider when markets lack liquidity.
Trading Conditions and Features of the Broker
- Standard leverage 1:100. Up to 1:200 pending approval.
- Super low spreads
- Minimum Deposit AUD $500 or Foreign Currency equivalent
- 42 Tradeable currency pairs including metals
- Margin call at 120%, Margin Stop at 100%
- Low Minimum Trade Size – Currency 0.01 Lots / Metals 0.01 Lots
- Commission of $7 per 100k round turn
Your trading account can be denominated in any of the following base currencies:
Global Prime offers clients the choice on how our commission is paid – our clients can choose from paying commission or we can build the commission into the spread. Please note there is an inbuilt markup to the Interbank spread to cover exchange related fees.
Payment Methods for Funding and Withdrawal proccesses
Payment methods: Neteller, Wire Transfer, Credit Cards
Minimum deposit: $500 AUD
FAQ’s with Global Prime
Does Global Prime FX accept clients from any country?
Global Prime FX does not currently accept clients from the DPRK (North Korea), United States and Japan.
Does Global Prime FX have negative balance protection?
No, Global Prime FX does not offer negative balance protection. If the client goes into a negative balance, that needs to be covered by the client.
Does Global Prime FX offer an Islamic swap free account?
No, Global Prime FX does not offer clients an Islamic swap free account because we do not have an account that complies with Sharia Law, particularly with regard to the giving and receiving of interest.
Does Global Prime FX take commission?
Global Prime FX takes a general commission of $7 per 100k (1 lot) traded round turn. This translates to .70c for .1 lots and .07c for 0.01 lots. Commission can be negotiated for clients trading more than 1000 lots per month.
What is Global Prime FX? What service does the broker provide?
Global Prime FX is an international foreign exchange broker that caters to retail, wholesale and institutional clients. Global Prime FX provides prices, and provides accessibility for clients to fill trades. Global Prime FX gives our clients access to major and minor world currency pairs and precious metals.
What is the deposit/withdrawal process with Global Prime FX?
Global Prime FX accepts Bank Wire transfers in either AUD, USD, GBP, EUR, SGD, CAD. Global Prime FX also accepts Credit Card deposits in AUD, USD, GBP and EUR. Note, all Credit Card transactions incur a 3.25% deposit charge, whilst Bank Wire transfers are generally free unless processed via an Intermediary Bank, in which case we have no control over the charges. Funds deposited via Credit Card will be refunded back to your card up to the amount initially deposited should you request a withdrawal, as long as the initial deposit was within 6(months. Profits will be then sent to your bank account via Bank Wire. Credit Card deposits can be sent to your account very fast, whilst Bank Wire transfers take between 1-5 business days.
What is the minimum deposit size of a MT4 account at Global Prime FX?
The minimum deposit for a Global Prime FX account is $500AUD or foreign currency equivalent.
What Platforms do we operate on?
Global Prime FX offers MT4 on Windows only
How was the rating of Global Prime performed compared to other brokers?
This 2020 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Global Prime FX broker performance and features.
Overall our online Global Prime review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Global Prime or you find inaccurate details Global Prime broker review please get in touch with us and the changes will be applied.