Global Prime is an Australia broker that built its offering in a manner that you don’t need to look for anything else elsewhere. The company proposes a regulated trading environment with a sophisticated execution model based on STP connectivity, bringing powerful platforms, copy trade capabilities all with tight spreads.
Since the beginning of its operation, back in 2010, until now Global Prime serves clients from over 120 countries, uses 20 liquidity providers to best quotes and trade huge volumes across continents.
Global Prime is highly regarded in the industry for its achievements, while traders are mainly happy with the service they get. So with Global Prime you may choose between Forex, CFD and Cryptocurrency instruments with competitive pricing, as well as define your best strategy and to run the social trading account, as well as find the best way as an institution.
Is Global Prime safe or a scam?
Since every and each financial investment firm established in Australia should be authorized and regulated by ASIC and hold AFSL license, Global Prime is a respectedly regulated broker. This is necessary to guarantee market integrity and propose tailored trading capability with a safe trading environment. You may read more Why trade with ASIC brokers by the link.
Therefore, defining Global Prime as your broker will bring you a clear state of mind that your money kept under necessary rules, you may always count on support from ASIC, as well as the trading conditions are constantly overseen.
Also, operation and firm may be heavily fined in case of any violence or a mislead of a client, so traders always ensured its safety. This indeed never happens with unregulated firms, as they operate in the manner they find correct, which is definitely super risky for you. For this reason trading with a broker under world recognized authority is a correct approach in your choice of a broker.
Global Prime also offer VFSC (Vanuatu) regulation but offer the same group of companies, management, support, trading conditions and post-trade transparency for all accounts.
Global Prime Trading Platforms
Global Prime defined its platform as the most popular Forex platform MetaTrader4 as its great trading environment suitable for both professionals and beginners serves a purpose the best. One model available – all ECN, STP, NDD combination at MT4 together with different versions of a platform suitable for various devices, including App for mobiles.
So all in all, the Global prime solution provides the ability to trade with customized liquidity on fast execution speeds, all with no restrictions on algorithmic trading or use of EAs.
In addition, you may automate your trading with social trading capability that allows copying other traders directly to your Global Prime account. This opportunity is performed via industry-leading system Myfxbook which proved its reliability and serves numerous global trader for both copy traders or being a master trader.
It is indeed a great opportunity especially for beginning traders, as you may choose from over 40 systems and thousands of professional investors to copy, in reverse advanced traders may operate the larger accounts and receive commissions.
What are Global Prime Trading Costs?
Global Prime made your choice simple and run One account for all. Which means you connect all the solutions to one online feature with a full range of account management and possibilities from Global Prime.
Another important issue within Global prime Review is spread, or the charges that are waived by the broker. Global prime mainstays on the low spread typical EUR/USD spread is 0.1pips, plus the $7 commission per 100k round turn which is very competitive and pleasant among the industry.
You may also see some spreads above, as well compare spread to another popular broker FXCC.
Global Prime rollover
Also, always 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.
As for the leverage levels, which is also an important point in our Global Prime review, the broker being an Australian firm still offers high leverage to your benefit. Even though European and other world authorities already restrict high ratios due to its possibility to multiply risks too, ASIC is one of the regulators allowing it yet.
Which means, you should learn deeply how to use leverage smartly in order to use it for the benefit, not unrealized risks only. So, for some Forex instrument you may set leverage up to 1:200 available for retail traders holding Global Prime account.
What Payment Methods Global Prime offer?
Global Prime enables you to open an account with your choice of base currency (USD, AUD, EUR, SGD, CAD, GBP), in reverse making money deposit or withdrawal more convenient. Also, you may choose the best suitable option either to pay with Credit/ Debit Cards, Neteller, Skrill, Wire Bank transfers or BPay.
The amount which will allow you to start trading with Global Prime is set to a competitive $200. Since there is no difference between account types, this amount will allow you to start while further check on the necessary margins and other conditions so you may define a suitable amount. E.g. maintaining a master account with Myfxbook requires a minimum of 1,000$.
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 as of the international transfers. Intermediary bank fees may apply (when two banks send money sometimes they use another bank in the middle – depends on relationship between banks).
Global Prime Review concludes a great balance between trading offering and overall conditions broker maintains. There is an option for almost any trader to find its way of trading, either through social trading or by maintaining its own strategy with the use of robots or so on.
Also being a regulated Australian broker is a great advantage for your calm state of mind, knowing your investment is safe. The traders of any style can enjoy trading with Global Prime along with the enlarged offering at the conflict-free environment with STP technology.
Risk Warning: “CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.”
This review has been conducted independ- ently. Products included on this site may not suit your personal objectives, financial situation or needs. Please consider whether it is appropriate for your circumstances, before making a decision to purchase or apply for any product. If you are considering acquiring any financial product you should obtain and read the relevant Product Disclosure Statement or other offer document prior to making an investment decision.
- This is not an official Global Prime page, we are a third party recruiter that has partnered with Global Prime to recruit clients to them.
- Go to globalprime.com