Global Prime Overview
| Website | globalprime.com |
| Year Founded | 2010 |
| Countries of Registration | Australia, Vanuatu |
| Website Languages | English, Thai, Traditional Chinese, Indonesian |
| Regulators | ASIC, VFSC |
| Broker Type | ECN |
| Dealing | A-book |
| Minimum Deposit | $1 |
| Account Currencies | USD, AUD, GBP, EUR, CAD, SGD, JPY |
| Spread | low |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView |
| Trading Assets | Forex, Indices, Commodities, Bonds, Cryptocurrencies |
Brief look at Global Prime
Global Prime is an Australia-based fintech broker focused on transparent, low-cost CFD trading. Clients trade 150+ markets - from 56 FX pairs and major indices to bonds and 40 crypto CFDs - on MT4/MT5, TradingView and a proprietary GP Hub, choosing between a spread-only Standard account or a Raw account with 0.0-pip pricing and $3.50 commissions. Fast execution, segregated funds and negative-balance protection make the broker attractive to algorithmic, copy- and discretionary traders alike.
Pros
- Raw spreads from 0.0 pip
- 56 FX pairs + 100 US share & 40 crypto CFDs
- MT4/MT5, TradingView & GP copy trading hub
- ASIC & VFSC oversight; segregated client funds
Cons
- No Islamic (swap-free) accounts
- Education materials limited
Is Global Prime available in my country?
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Global Prime doesn't accept clients from United States!
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Global Prime Reviews
I've been using Global Prime for a few months now and I couldn't be happier. The demo account was a great way to start, and I found the minimum deposit quite reasonable. The MT4 platform is easy to use, and the spreads are competitive. Withdrawal time is quick, which is a huge plus for me.
9/15/2023Global Prime has a solid range of account types to choose from. I signed up for the standard account and have been pleased with the trading conditions. The app is user-friendly, and I love the bonuses they offer. Just wish the login process was a bit faster.
10/1/2023Overall, my experience with Global Prime has been decent. They offer good leverage options, and the rebate program is attractive. However, I had to wait longer than expected for my withdrawal, which was disappointing. The MT5 platform is available for download, but I still prefer MT4.
8/20/2023I've traded with several brokers, but Global Prime stands out for its transparency. The spreads are tight, and their customer support is responsive. The demo account helped me a lot before I decided to dive into live trading. Just wish they had more educational resources.
9/28/2023As a forex trader, I appreciate the competitive spreads and quick withdrawal times with Global Prime. The sign-up process was straightforward, and I had no issues logging into my account. The app is also efficient for trading on the go. Highly recommend!
10/10/2023Leave a Review
Is Global Prime regulated?
| Companies | FMGP Trading Group Pty Ltd, Gleneagle Securities Pty Limited |
| Countries | Australia, Vanuatu |
| Regulators | ASIC, VFSC |
| Investor Protection | - |
| Investor Protection Size | - |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
Global Prime Account Types
| Property | Standard | Raw |
|---|---|---|
| Min Deposit | $1 | $1 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.9 pips | 0 pips |
| Fee | No | $7 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 20% | 20% |
| Margin Call | 80% | 80% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
Global Prime Funding and Fees
| Base currencies | USD, AUD, GBP, EUR, CAD, SGD, JPY |
| Deposit and withdrawal methods | Bank Transfer, Credit/Debit Card, PayPal, Neteller, Skrill, POLi, BPAY, AstroPay, Interac, MiFinity, DragonPay, VNPay, Perfect Money, Jeton, Crypto deposits (BTC, USDT) |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal Fee |
Global Prime Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView |
| Execution Speed | 10 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
Global Prime Trading Assets
| Currencies | 56 |
| Indices | 18 |
| Stocks | 100 |
| Cryptocurrencies | 40 |
| Bonds | 3 |
| Metals | 4 |
| Energies | 5 |
| Soft Commodities | 14 |
| ETFs | 0 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Global Prime Support
| support@globalprime.com | |
| Phone | +61283793622 |
| YouTube | YouTube |
Global Prime Alternatives
| Broker | Global Prime | Pepperstone | IC Markets | FP Markets | Fusion Markets | Eightcap |
|---|---|---|---|---|---|---|
| Type | ECN | ECN, DMA | ECN, DMA | ECN | ECN | ECN |
| Minimum Deposit | $1 | $1 | $200 | $100 | $1 | $100 |
| Regulators | ASIC, VFSC | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA | SFSA, ASIC, CySEC, CMA | ASIC, CySEC, FSCA, SVGFSA, SFSA | ASIC, SFSA, VFSC | ASIC, SCB, CySEC, FCA, SFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, DupliTrade | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView |
| Spread | low | low | low | low | low | low |
| Leverage | 1:500 | 1:500 | 1:500 | 1:500 | 1:500 | 1:500 |
| Assets | Forex, Indices, Commodities, Bonds, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Forex, Metals, Indices, Energy, Soft Commodities, Cryptocurrencies, Shares | Forex, Indices, Shares, Commodities, Cryptocurrencies |
Is Global Prime Right for You?
Global Prime stands out for its low-cost CFD trading, offering raw spreads from 0.0 pips and access to over 150 markets, including 56 FX pairs and 40 crypto CFDs. The broker’s commitment to fast execution, segregated client funds, and negative-balance protection enhances its appeal, particularly for algorithmic, copy, and discretionary traders. Additionally, the availability of popular trading platforms like MT4, MT5, and TradingView makes it easy for clients to navigate their trading experience. However, potential users should be aware of some limitations. Global Prime does not offer Islamic (swap-free) accounts, which may deter traders who require this option for compliance with their religious practices. Furthermore, the educational materials available are limited, which may pose a challenge for beginners seeking to enhance their trading knowledge and skills. In conclusion, Global Prime is highly recommended for experienced traders looking for low spreads and a wide range of assets to trade, particularly those utilizing algorithmic strategies. Conversely, novice traders or those needing Islamic accounts may want to explore other options that better fit their requirements.
FAQ
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
