Global Prime broker was established in 2010. Global Prime broker Pty Limited (Global Prime) is an Australian forex broker. It has been regulated since 2011. The Australian Securities and Investment Commission (ASIC) regulates this company. Gleneagle Securities (Aust) Pty Ltd based in Sydney owns Global Prime broker.
This service offers 14 CFDs and 40 currency pairs. It is a broker providing only MetaTrader. Global Trader review shows that they offer the popular MetaTrader4 (MT4) platform developed by MetaQuotes Software Corporation.
Global Prime Review research reveals that they also offer traders the option of choosing a rounding commission or margin.
Global Prime Summary
| Established: 2010 | Website: https://www.globalprime.com |
|---|---|
| Address: Suite 604, 35 Grafton Street Bondi Junction Sydney, NSW, 2022, Australia. | Minimum to Open Live: $200 |
| Minimum Trade Size: 0.01 | Prohibited Countries: Burma, Côte d’Ivoire, the Democratic Republic of the Congo, Democratic People’s Republic of North Korea, Eritrea, Iran, Iraq, Lebanon, Former Federal Republic of Yugoslavia, New Zealand, United States, Liberia, Libya, Japan, Somalia, Sudan, Syria, and Zimbabwe. |
| Maximum Leverage: 1:200 | ECN: Yes. |
| Mobile Trading: Available | Currencies: 40+ |
| Trading Platforms: MT4, Protrader | Cryptocurrencies: 5+, including Litecoin, Bitcoin, Ethereum, and others. |
| Robots: Available. | CFD: 10+, including Gold, Silver, Stocks, Oil, and others. |
| Scalping: Allowed | Web Trading: Available |
| Deposit Methods: Bank Wire, VISA, MasterCard, BPAY, Neteller, Poli. | Withdrawal Methods: Bank Wire, VISA, MasterCard, BPAY, Neteller, Poli. |
Minimum Deposit
The minimum deposit for Global Prime is AUD 200 or foreign currency that is equivalent to this amount. Voted the best forex leader by Forex reviewers, closer research they are quite impressive.
They have segregated client funds. These accounts are with Westpac, and the company complies with the ASIC client money reporting rules very well.
You can rest assured knowing that the money you deposit with Global Prime broker is very safe and that you will not be defrauded. In addition to this, they have fast execution times with plenty of depth available for all the account types.
Account Types
In this Global Prime review, we find that they keep it simple and offer all the traders one account type. The leverage on these is either 1:100 or 1:200, depending on the approval. The approval is done using a questionnaire to determine if you can get higher leverage.
Demo accounts are available. You will be able to check out what is required of you before you start live trading. The commission is $3.5 per standard lot.
Global Prime Spreads
Global Prime have tight spreads that can range from 0.0 pips across 42 currencies, metals, indices, NDFs, and cryptos as well. Using third-party data from Myfxbook, the average prevalence in this service ranged from 0.3 pips to 7.2 pips during press advertisements, according to the date range shown in the example snapshot below.
In addition to the ZuluTrade and Myfxbook Autotrade lists, Global Prime broker does not offer much more in terms of turnover in the field of social research. It makes this category an area in which the Global Prime broker is very lacking.
Trading Platforms
Although MT4 is a standard, with a small variety of features ranging from broker to broker, there can be significant differences in the process the platform is configured to trade spreads and commissions, execution, and other forex tools, functions, and administrative areas.
Global Prime offers mobile applications for iOS and Android platforms for MetaTrader platforms. These apps are available directly from developers in the iTunes Store and Google Play.
Deposits and Withdrawals
Global Prime has several ways for you to deposit money that include; bank wire, Neteller, and credit card if you want to do it instantaneously. You will not be charged any fees for the deposits and withdrawals.
As usual, international bank transfers may incur some separate fees. The deposits have to come from an account with the same name as identity verification. Bank transfers may take a few days to go through.
All in all, no issues are plaguing the payments and withdrawal system that is used by Global Prime broker.
Customer Service
Global Prime have 24/5 support that is accessible via:
Online chats
Emails
Telephone
The customer services are prompt and will reply in a friendly way to the general and technical questions that you may like to have answers. In addition to these avenues, you can also reach them via their social media platforms like Facebook and Twitter.
Global Prime broker uses these platforms to keep the users updated as well. As you will find out in the Global Prime Reviews left behind by users, there is a lot to be gained from all this.
