Company name: Global Prime / Global Prime Pty Ltd / Global Prime FX Ltd
Regulatators: AU ASIC / VU VFSC / SC FSA
Minimum deposit: $200
Maximum leverage: 100:1
- Direct ECN market access, fast execution speeds
- Transparent execution, with trading receipts
- Integration with the TradingView platform
- Zero fees on deposits & withdrawals
Note: BEST FOREX BROKERS 2023 – RATING SCORE OF 4.4 OUT OF 5.0
Global Prime is trustworthy and ASIC-regulated Australian-based Online Forex and CFD Broker with excellent 24/5 customer support!
Global Prime reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
Global Prime Review | Global Prime Rebates – Forex Broker Rating
Table of Contents
- Global Prime Review | Global Prime Rebates – Forex Broker Rating
- Global Prime Overall Rating
- Global Prime Regulation / Money Protection
- Global Prime Cashback Rebates
- Web Traffic
- Global Prime Profile
- Global Prime Asset Classes
- Global Prime Account Types
- Global Prime Demo Account
- Global Prime Pricing
- Global Prime Deposits / Withdrawals
- Global Prime Popularity
- Trading Education
- Global Prime Promotions
- Global Prime FAQs
- Global Prime Real Customer Rating
- Global Prime Review – Final Considerations
- Try this Forex broker risk-free! Click here and open a Global Prime Trading Account
We begin our Global Prime review highlighting some of the key features of this Australian-based broker.
Global Prime Overall Rating
Currently the broker receives a score of 4.4 out of 5.0.
Established in 2010, Global Prime claims to offer direct ECN market access. With fast execution speeds and absolutely no dealing desk intervention.
Global Prime has offices in Australia and the nation-island of Vanuatu. The broker offers trading with leveraged CFDs in different asset classes. These are forex, indices, shares, bonds, digital currencies and commodities with ECN spreads from 0.0 pip. Trading with Global Prime can be done via 3 platforms. The classic MetaTrader 4, of course, the increasingly popular TradingView and TraderEvolution, and with 1 account type – ECN. Designed to suit every type of trader and trading strategy.
The ECN account is priced in two different ways. Commission-free with slightly higher spreads and lower spreads with a trading commission. Global Prime does not have a minimum deposit imposed but recommends 200 AUD. Or the equivalent in other accepted account currencies (EUR, CAD, GBP, SGD, USD). Trading can be done with a maximum leverage of 100:1 (30:1 with Global Prime Australia). The broker accepts deposits with 16 different funding methods with zero fees. Also applicable to withdrawals.
Negatively, we can only point out the choice of extra regulators by Global Prime. If on one hand, the broker protects retail investors by holding a licence with a reputable financial authority, the Australian ASIC, the same cannot be said by the Vanuatu and Seychelles regulators.
Both offshore financial regulators offer little to no protection for retail traders.
Global Prime Regulation / Money Protection
Currently the broker receives a score of 4.0 out of 5.0.
Opening a trading account with Global Prime is possible with any of its three entities. One highly regulated by a tier-2 financial authority and two offshore entities. These are Global Prime FX Ltd in Seychelles and Gleneagle Securities Pty Limited in Vanuatu. Both the offshore entities serve the international clientele. And also the traders looking for higher leverage ratios. With leverages up to 100:1, versus the 30:1 limit imposed by the ASIC. Let’s check out each Global Prime entity, individually.
1) Gleneagle Securities Pty Limited, and trading as Global Prime, is one of the counterparties for international customers and is supervised by the Vanuatu Financial Services Commission (VFSC). Gleneagle Securities Pty Limited, with a registered address at Govant Building, Kumul Highway, 1st Floor, PortVila, Vanuatu is registered with company number 40256 and is regulated by the VFSC.
2) Global Prime FX Ltd, also trading as Global Prime, and with a registered address at CT House, Office 8B, Providence, Mahe, Seychelles, can also be the counterparty for international customers. Global Prime FX Ltd, registered with company number 8426189-1, is regulated by the Seychelles Financial Services Authority (FSA) with a Securities Dealer’s licence, number SD057, providing financial services for international clients.
Please note that Global Prime does not provide its services to residents of North Korea, Iran, the USA, Puerto Rico, Ivory Coast and Ontario (Canada) and other countries whose domestic regulations classify such investment offerings as prohibited.
3) Australian regulation: Global Prime Pty Ltd, with ACN 146 086 017, is licensed by the Australian Securities & Investments Commission (ASIC). Global Prime Pty Ltd, with a registered address at Suite 604, 35 Grafton Street, Bondi Junction, Australia, is regulated by the ASIC with licence AFSL 385620 to offer financial services in Australia, limited to the financial services covered by its AFSL licence.
Client Money Protection
Global Prime complies with the highest standards regarding client money protection. Therefore, the broker client’s funds are kept in tier-1 banking institutions, such as HSBC Bank Australia Limited, in segregated accounts.
Global Prime also complies with the client money handling rules. And employs strict policies and procedures regarding the maintenance and operation of these accounts. Global Prime holds the client’s money separately from the company funds. And does not use these funds for any company operational expenses or purposes.
Currently, none of the Global Prime entities offers deposit insurance, as they are not members of any Investor Compensation Fund. The deposit compensation is not a requirement by any of the financial regulators where Global Prime is licensed. In the unlikely event that Global Prime becomes insolvent, or is unable to pay claims against it if the firm has stopped trading, clients might not be entitled to any compensation.
Negative Balance Protection
Only the Global Prime Pty Ltd entity offers a default Negative Balance Protection mechanism for retail accounts, in compliance with the FCA regulations. With the NBP mechanism, customers of Global Prime Pty Ltd are protected from any losses bigger than their original investments, in cases of extreme market volatility.
For customers opening an account with Gleneagle Securities Pty Limited (the Vanuatu FSC regulated entity), and Global Prime FX Ltd (regulated by the Seychelles FSA) the NBP mechanism is not offered by default, and traders might incur losses bigger than their original investments.
And there’s a good explanation for this. We found on the broker’s website a little footnote that should be read carefully:
As a broker that sends trades to the market, we are extremely risk averse when it comes to overleveraged accounts which can lead to negative balances. Negative balances can occur if you are holding exposure and the market moves to a new level which leads to a loss on your open positions greater than the balance of your account. The trades are then closed, leaving a negative balance.
It’s important to note that if your account balance goes negative you will be required to deposit funds to bring the account balance back to 0. This doesn’t happen very often but if you are hovering in Margin Call territory then your chances of a negative balance occurring are much higher.
The above scenario does not happen often, but it can happen. An over-leveraged account with losing positions can snowball and become a real problem. An example? When the Swiss Central Bank removed the peg on the EUR/CHF, back in 2015, the market opened the following day with an enormous gap. Huge fortunes were completely erased and many traders without the NBP mechanism went from rich to poor in seconds.
Global Prime Cashback Rebates
Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
What Are Global Prime Rebates?
Global Prime rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How Do Global Prime Rebates Work?
When you link a new or existing forex trading account to Cashback Forex (CBFX) the broker pays them part of their spread or commission profit for every trade you make as compensation for referring a customer. CBFX then share the majority of the revenue with you, paying you a cash rebate for each trade you make as thank you for signing up.
Your spreads will never increase as a result of using this service! The only difference is: as a CBFX client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, CBFX are the original and leading provider of forex rebates. CBFX pay rebates to over 100,000 accounts and traders love a helpful 24 hour live chat, telephone and email support.
Are Global Prime Rebates A Scam; Do My Spreads Increase?
Global Prime rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.
When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.
Are There Any Other Benefits To Signing Up For Global Prime Rebates?
It depends on the rebate provider. Due to CBFX’s unique relationship with many brokers, they have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond, since they typically have many clients. Their knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. They also offer trading tools, calculators, reviews and a robust forex education section.
How Are Forex Rebates Paid?
Because CBFX deals with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what they offer:
Forex rebate options vary per broker:
|Monthly cash back||Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in.|
|Spread or commission reduction||The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers.|
|Paid direct to brokerage account||Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers.|
In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.
Global Prime Profile
Established in 2010, Global Prime simplifies its accounts offering with just 1 account type – ECN. This ECN account is ideal for novice traders and professional investors looking for excellent trading conditions, with direct market access.
Global Prime is the trading brand of Global Prime Pty Ltd, a financial services company supervised and regulated by the Australian Securities & Investments Commission (ASIC) and holds an Australian Financial Services licence, since 31-08-2010.
Global Prime provides online leveraged CFDs trading services, giving its customers the potential to generate financial returns. On both rising and falling prices, and with different financial instruments; FX, bonds, shares, indices, digital currencies and commodities. The broker’s product offering, and services, are available to a wide range of customers, including retail investors and institutional traders.
Trading with Global Prime can be done via the popular MetaTrader 4 platform, available on Web Trader version and compatible with several internet browsers, for desktop terminals (Windows and macOS) and complemented with the mobile versions for iOS and Android.
Global Prime Offers Popular Trading Platforms
The cherry on top of the cake is the offering of 2 extra trading platforms. This is ideal for savvy traders looking for extra trading tools and more complete platforms. TraderEvolution offers institutional style trading, with automated trading, HFT and scalper friendly. This platform is only available for Windows-based PCs, Android and iOS mobile devices.
The other trading platform offered by Global Prime is the TradingView. It gives users complete control over the look and feel of the price charts to make technical analysis much easier and enjoyable. This platform comes with hundreds of indicators (also allowing custom indicators), 50+ smart drawing tools, and a set of tools for more. Tools for in-depth market analysis, social feeds covering the most popular trading ideas and strategies.
Please note that TradingView is simply a front-end platform that connects to the TraderEvolution Execution Platform. The execution of trades happens on the TraderEvolution platform.
Global Prime Asset Classes
The Global Prime trading platforms provide traders with access to liquidity supported by 3 prime brokers and over 26 top LPs and multi-asset trading – FX and CFDs on several financial instruments. The brokerage offers a great selection of 200 instruments to trade, divided into 6 asset classes: forex, indices, stocks, bonds, cryptocurrencies and commodities.
FX market: 49 currency pairs, including all major pairs, and some minor and exotic crosses.
Indices: 17 global and very liquid indices CFDs, including the AUS200, UK100, IT40, GER40 and JP225. Also included, 2 futures indices CFDs contracts with the DX and VX indices.
Stocks: 101 stocks CFDs, with a trading commission of 0.02 USD markup a side of top American companies listed on NASDAQ and the NYSE, including Apple, Caterpillar, Facebook, IBM, Netflix, Nio, Microsoft, Tesla and Twitter.
Bonds: 7 CFDs of treasury bonds issued by several governments, including the Euro Bund, Euro Bobl, Euro Buxl, Euro Schatz, UK Gilt, US T-Note 5 Yr. and the US T-Note 10 Yr.
Commodities: 22 commodities CFDs available for trading; 8 metals (Gold and Silver versus several currencies, Palladium and Copper), 3 energies futures (UK Oil, US Oil and Nat Gas) and 11 soft commodities futures, including Cocoa, Sugar, Corn and Soy Bean.
Cryptocurrencies: 5 CFD crosses available for trading versus the USD; BTC, BCH, ETH, LTC and XRP.
Global Prime Account Types
Global Prime simplifies the life of investors with just one account – after all, how many different account types does an investor really need? The goal of this broker is to offer the best trading experience for all kinds of investors, with a great range of instruments, robust trading platforms, fast execution speeds and transparent trading – Global Prime does not take the “other side of the trade”, never.
With that in mind, the broker offers its only account with an NDD/STP execution model, connecting traders to its multiple top liquidity providers (LPs) to match the best possible market prices, via an ECN network – exactly what true brokers do.
Global Prime’s Account Is the ECN Account
Global Prime ECN account is also suited for novice investors looking to initiate an exciting trading career and for more experienced traders looking to save on the trading costs, with lower spreads, in return, paying a trading commission.
Spreads are floating, starting at 0.0 pip on major FX pairs (EUR/USD average spread is 0.16 pip, for example), but with an industry average trading commission of $7 per standard lot of 100,000 currency units ($3.50 per side, per lot).
The ECN account is available with the MT4, TraderEvolution and TradingView platforms can be opened with a maximum leverage ratio of 100:1 (with the Vanuatu entity) and with a low initial deposit of just $200 (recommended).
Global Prime, unfortunately, does not offer specific swap-free accounts for traders of Islamic belief, as its account does not comply with Sharia Law, particularly concerning the giving and receiving of interest.
Regarding social trading and copy trading, this broker does not offer PAMM accounts, or an in-house purposedly built software for money managers, but enables easy integration and connection to one of the most popular copy trading providers, ZuluTrade.
For leveraged forex trading, Global Prime maximum leverage ratio is 100:1, for accounts registered with Gleneagle Securities PTY Limited in Vanuatu and Global Prime maximum leverage ratio is 30:1, for accounts registered with Global Prime Pty Ltd in Australia.
Currently, Global Prime trading accounts are available in AUD, CAD, EUR, GBP, SGD and USD – subject to account specifications and the client’s jurisdiction.
Global Prime Demo Account
With a Global Prime demo account traders can test how this broker compares against its peers, for its product offering and trading conditions. A demo account is also a great way for novice traders to practise their trading skills in a safe environment, without risking real money.
Opening a demo account takes around 15 minutes. New users will need to register with the broker by filling in a series of forms. Still, the information required is basic; name and surname, country of residence, and a valid email address. Please note that to open a demo account, traders do not need to upload any verification document(s) to Global Prime, unless they are ready to open a live account.
After filling in all the required information, the broker will send an email with all the login details for the account. On the client dashboard, new users can find the “MT4 Accounts” tab and the “TradingView” tab, with the options “Live Account” and “Demo Account”.
By selecting the “Demo Account” tab, and then the green button to the left “Request New Account”, users will be presented with the demo account configuration; account currency, leverage ratio and the starting balance. Then, users just need to click the “Create Account” button.
The Global Prime demo account can be tested for an unlimited period. It is non-expiring and 100% risk-free. The funds are virtual (up to 5,000 by default or customised by the user). And all the trades executed on the Global Prime demo account, both profitable trades and losses, are also virtual, of course.
Register for free and test your trading strategies, open a demo trading account with no risk and no obligation now.
Global Prime Pricing
Spreads And Trading Commissions
Global Prime’s overall cost of trading and spreads are in line with the other players in the online trading sphere, and the ECN account can be very competitive, for that effect. The starting spread for the most popular cross, the EUR/USD pair, on the ECN account, is 0.0 pip – medium 0.16 pip, plus an industry average trading commission of $7 per round lot traded (100,000 currency units).
Global Prime has recently started to reach other investors with a new variant of its ECN account. A spread only, commission-free version. This version of Global Prime’s ECN account is suited for investors that prefer to trade the markets just with the bid and ask prices, without added trading commissions.
Still, going back to the “normal” ECN, with a trading commission of $7 per traded lot, and to see how competitive Global Prime can be, compared with other top brokers, and to see how much it costs in total to trade 1 lot of EUR/USD, for example, we will convert the current trading commission of $7 into pips and add the average spread.
So, the result is 0.7 pip, plus, with an average spread of 0.16 pip, the total cost of trading 1 lot of EUR/USD, with the commission charged on the ECN account, is 0.86 pip – well below the 1 pip mark.
Global Prime swap rates, e.g. for the EUR/USD, stand at -4.27 for holding overnight a long position of 1 lot and at +0.12 for holding overnight a short position of 1 lot, with a 3-day swap charged on Fridays. We consider Global Prime’s swap rates to be average when compared with the rollover rates offered by other top brokers.
Global Prime Deposits / Withdrawals
Deposit fees: Trading accounts can be opened in 6 different fiat currencies (AUD, CAD, EUR, GBP, SGD and USD) and maintained via 15 funding methods; debit/credit cards, bank transfers, and also with the most popular e-wallets, including Fasapay, Neteller and Skrill.
Deposited funds are available almost immediately and Global Prime does not charge any deposit fees. However, deposited funds via any accepted funding method might incur charges from the sending bank, e-wallet or service provider.
Minimum deposit: Opening a trading account with Global Prime can be done online, taking around 15 minutes to complete the required forms and submit the ID confirmation documents. Currently, Global Prime’s minimum deposit requirement to open a live account is AUD 200 for the ECN account – or equivalent in the accepted account currencies.
Withdrawal fees: Great news for traders. To further lower the overall cost of trading for its clients, Global Prime also implemented a zero fee for withdrawals. Processing times vary from instant to 10 working days for bank transfers and the minimum withdrawal amount is 1 unit of your account currency (50 for bank wires). For more information, please visit the Global Prime deposit and withdrawals dedicated page.
Inactivity fee: Currently, this broker does not charge an inactivity fee or any account maintenance fees.
Global Prime Popularity
The popularity of Global Prime is on the rise. This Australian-based broker is shaping the online retail trading landscape with its innovative approach and services.
With several thousand accounts opened in just over 10 years of business, Global Prime does have its fair market share. The brokerage has managed to capture the attention of several traders. Especially the smart traders looking for a broker with good professional ethics and that can be trusted.
This broker offers several important features to boost its popularity to higher levels, mainly, the competitive pricing with the ECN account, no fees on deposits & withdrawals, the excellent ECN trading environment with direct access to the markets, a hand-picked range of financial instruments, and good trading education materials and tools.
Popular trading account: Of course, the Global Prime ECN account (with trading commissions and on the MT4 version). It is the popular choice with traders for its lower spreads. And with a competitive commission of $7 per traded lot ($3.5 per side/lot).
Global Prime also deserves some extra popularity points for their excellent range of forex and trading education materials. Clients can join the broker’s channel on Discord, enrol in trading courses, watch and learn with educational videos. And read and make informed decisions with Global Prime’s fundamental & technical analysis reports.
Global Prime Promotions
Global Prime FAQs
Where can I download Global Prime MT4?
Unfortunately, there’s no direct way to download the Global Prime MT4. The broker requires traders to register first. And then from the Client Portal, under the downloads tab, find the suitable version of the MT4.
The Metatrader 4 (MT4) platform is available for desktops running Windows (minimum Win 7). And macOS, available for Mac X 10.10 or later. The mobile versions can be found on Google Play Store and Apple Store. The MT4 generic version is enough, just requiring a login.
Traders can log in to the trading platform with the demo account details. Or with the live ECN account details. They enjoy the broker’s market-leading pricing. And execution for an unrivalled trading experience.
With Global Prime MT4, traders can also customise their trading experience with full control of the price charts. They can create profiles and templates using custom indicators. And download trading systems from the MQL5.com store.
What is the Global Prime Partners program?
The Global Prime Partners is the broker’s affiliate program and a way of earning commissions on other people’s trading activity. It is available to anyone, it offers attractive rewards, high conversion rates, and state of the art technology. And it has a dedicated account manager to maximise the affiliate earning potential.
Some of the program features include a dedicated Global Prime Partners portal, a lot rebate structure, catchy promotional material, including logos and banners and customizable tracking for campaigns.
Affiliates will have full access on the Partners portal to detailed reporting tools per campaign. Including clicks, banners, signups, deposits, trades and earned commissions.
Global Prime Partners program is fee-free, there’s no minimum pay-out. The only thing affiliates need to do is register an account with the broker. Creating an account is simple and only takes a few minutes.
Partner rewards are paid the day after a client closes an FX trade. For example, if the client closes their FX trade on Monday, the partner rebate would be allocated on Tuesday.
Unfortunately, the partner program is not available to residents of Afghanistan, Burma/Myanmar, Central African Republic, Cote d’Ivoire, Democratic People’s Republic of Korea (North Korea), Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia (FFRY), Iran, Iraq, Liberia, Libya, Somalia, Sudan, Syria, Yemen and Zimbabwe.
What are the Global Prime leverage ratios?
Global Prime maximum leverage ratios for forex trading vary from 30:1 up to 100:1. But these ratios depend also on two other variables; the asset traded and the contracting entity.
In Australia, the ASIC product intervention in 2020 regarding new leverage limits for CFDs trading established a leverage cap of 30:1 for forex trading, for retail traders. Vanuatu FSC, on the other hand, does not impose such protection mechanisms, still, as a conscious broker, Global Prime’s maximum leverage for the VFSC regulated entity is 100:1.
Global Prime’s leverage also depends on the traded asset, with limits varying accordingly. For example, the maximum leverage for retail investors trading the EUR/USD with Global Prime’s Australian entity is 30:1. While the maximum leverage to trade the BTC/USD is 2:1.
Please refer to the table below to see Global Prime’s maximum leverage ratios. Available for retail traders, by the regulated entity and asset class:
The margin call happens at the 120% level and is calculated by Equity divided by the used margin. The margin stop-out happens at the 100% level. This means that Equity divided by used margin equals 1. Or, that equity has dropped so low that it equals the used margin.
On a final note, we would like to remember investors that Global Prime’s leverage limits are applied for both ECN accounts. The commission-free and the ECN pricing model account. And on all of the available trading platforms, MT4 and TraderEvolution.
What is the Global Prime minimum deposit?
Global Prime minimum initial deposit is 200 AUD, CAD, GBP, EUR, SGD, USD for the ECN account. Subsequent deposits into a Global Prime trading account vary, and limits are set by the payment providers individually.
As a regulated broker, Global Prime takes the safety of client funds seriously. For this reason, all client deposits are fully segregated from the company’s funds. They kept in separate accounts with tier-1 banking institutions, such as the HSBC Bank Australia.
Global Prime accepts account deposits via bank wires in AUD, CAD, EUR, GBP, SGD and USD. Processing times vary from 1 to 5 business days. And the minimum amount for a bank deposit is 200 currency units – with zero fees.
Traders can also deposit via credit/debit cards in AUD, CAD, EUR, GBP, SGD and USD, with instant processing. The minimum amount for a card deposit is 1, also with zero fees.
The Forex broker also accepts deposits with the most popular e-wallets; PayPal (AUD, EUR, GBP, SGD, USD – min deposit 1), FasaPay (AUD, CAD, EUR, GBP, SGD, USD – min deposit 1), Neteller, Skrill, Pagsmile (AUD, CAD, EUR, GBP, SGD, USD – min deposit 5), AccentPay, ZotaPay, QR Code (AUD, CAD, EUR, GBP, SGD, USD – min deposit 25), and DragonPay (AUD, CAD, EUR, GBP, SGD, USD – min deposit 50).
This brokerage does not accept third-party account deposits. Meaning that the name of the sender must match the name of the user registered with the broker. Deposits in different currencies to the accepted account currencies, i.e., ZAR to USD, or MYR to GBP, will be converted as per the exchange rates.
This broker does not charge any fees/commissions for account deposits (nor withdrawals). However, bank wire deposits may be subject to intermediary bank fees – not covered by Global Prime.
Global Prime Real Customer Rating
Based on user reviews from Global Prime’s verified customers, this broker is recommended for its fast execution speeds, low latency times and good spreads. Traders were also pleased with Global Prime’s deposit and withdrawal processing times. And some traders praised the customer service for their responsiveness and efficiency.
Negatively, we couldn’t find anything worth noting, as it seems, Global Prime traders are quite happy. Happy with the broker’s online trading conditions and overall services.
Global Prime Review – Final Considerations
We conclude our Global Prime review with the final considerations regarding this CFDs broker. This broker stands out from its competitors for its NDD/STP direct market access. With connections to a trustworthy ECN network. And with Global Prime acting solely as a broker matching clients’ orders with its carefully selected liquidity providers.
The ECN account boosts competitive pricing on a good range of financial instruments. Including FX, indices, shares and cryptos, enough to satisfy, and diversify, the trading portfolio of any investor.
Also positively, the zero fees policy implemented by Global Prime regarding deposits and withdrawals, and fast withdrawals processing is one of the great features of this broker. Merge that with the multitude of funding methods accepted and Global Prime can be the brokerage choice of many traders.
The ECN trading environment offered by this Forex broker, with good execution speeds and low latency times, allows for reliable transactions, with instant execution and order filling with no requotes and no conflict of interest. Clients are also offered an excellent range of trading platforms. Some very uncommon like the TradingView and TraderEvolution platforms. And the tried and tested MetaTrader 4 where traders are allowed to hedge, scalp and trade with algorithmic trading systems, with no restrictions.
If you are interested in automated forex trading systems that really work, we suggest checking our TOP 30 RANKING of BEST FOREX EA’S | EXPERT ADVISORS | FX ROBOTS with Myfxbook verified real live trading results!
Overall, the option of trading with a highly regulated entity (Global Prime Australia), the excellent trading platforms, the competitive price offered on the ECN account, the attractive zero-fees on deposits & withdrawals, merged with a low initial deposit of 200 AUD (or equivalent in other accepted currencies), position this CFD broker on the top 10 brokers for popularity with traders opening a trading account in 2023.