Company name: Global Prime Pty Ltd (Global Prime)
Minimum deposit: $200
Note: Open a Global Prime ECN account and get up to 22.85% direct live commissions discount!
Global Prime is not able to accept clients from Burma, Côte d’Ivoire, Democratic People's Republic of North Korea, Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia, Ghana, Iran, Iraq, Lebanon, Liberia, Libya, Japan, New Zealand, United States of America, Somalia, Sudan, Syria, and Zimbabwe.
Global Prime Review – Best Forex Broker With Exceptional Customer Support
Founded in 2010 and owned by Gleneagle Securities, Global Prime is one of the leading Australian-based online Forex and CFD brokers providing trading solutions for active day traders and scalpers as well as traders that are new to the Forex market or using FX Expert Advisors. The brokerage offers its clients Metatrader 4 (MT4) trading across 42 currencies and metals through tier 1 liquidity providers.
Global Prime's vision is to provide retail clients with the same liquidity and execution that institutional and Prime of Prime clients receive. The company offers a true Prime of Prime setup to banks, hedge funds and other brokers. The lessons they've learned in supporting the top end of the market is extended in the liquidity offering they provide to retail clients.
Global Prime Pty Ltd (Global Prime) was incorporated in Sydney, Australia in 2010 by a team of professionals in the financial services industry who were instrumental in the success of one of Australia’s largest CFD and Forex providers. Global Prime's mission is to create the best and most transparent trading environment for retail and institutional clients alike allowing traders to focus more on their trading.
Global Prime – Key Points
- ASIC regulated Australian broker with a great team who are truly dedicated to looking after their clients.
- Complete transparency. Absolutely no b-book or market making with only one account type offered: ECN/DMA ONLY.
- The only broker that is willing to prove that all trades are sent to the Liquidity Providers. Global Prime can supply a trade receipt on any trade taken which shows which Liquidity Provider filled the trade thus proving all trades are sent to LP's.
- Extremely tight spreads. Leverage up to 1:200 (higher pending approval) with zero stop level.
- Low Minimum Trade Size – 0.01 Lots.
- Trade 42 currencies and metals through tier 1 liquidity providers.
- Servers in Equinix NY4 providing a 1 ms connection when used with Beeks FX VPS.
- Free Beeks FX VPS for clients trading greater than 20 lots per month, otherwise heavily discounted VPS rates.
- Commission of $7 (AUD equivalent) per 100k round turn
- Minimum Deposit of $200 with AUD, USD, GBP, EUR denominated accounts.
- Fast and efficient sign up process.
Built by traders for traders Global Prime is dedicated to offering superior spreads, execution and service!
Global Prime – Regulation
Global Prime is authorised and regulated by the Australian Securities and Investments Commission (ASIC). Trade with a peace of mind knowing Global Prime is monitored by one of the strictest financial regulatory bodies in the world.
ASIC is the financial services regulator in Australia responsible for ensuring that financial markets in Australia are fair and transparent, supported by confident and informed investors and consumers. ASIC is an independent Commonwealth Government body established under the Australian Securities and Investments Commission Act (ASIC Act), carrying out most of its work under the Corporations Act.
Global Prime has in place an external independent auditor to ensure compliance with the regulatory obligations and operational processes.
In accordance with the Australian Anti-Money Laundering and Counter Terrorism Financial Act 2006 Global Prime has in place policies and procedures to ensure compliance with the law. These policies and procedures are designed to prevent money laundering activities from occurring. The Anti-Money Laundering policy outlines the documents that you must provide us before opening an account.
Global Prime Pty Ltd holds an Australian financial services licence (AFSL no. 385620) and is authorised to carry on a financial services business in Australia, limited to the financial services covered by AFSL.
Global Prime offers clients the opportunity to trade on the award-winning Metatrader 4 (MT4) platform. It is undoubtedly the world’s most popular trading platform for forex traders. Because it is easy to use, with feature rich environment and automated trading ability.
Market orders, pending orders, trading from a chart, stop orders, trailing stops, tick charts and trading history are all tools are at your disposal. With Metatrader 4, trading becomes flexible and convenient.
- 3 execution modes
- 2 market orders
- 4 pending orders
- 2 stop orders and a trailing stop
Analytical functions are one of the MT4 platform's strongest points. The free Code Base and built-in Market tool provides thousands of additional analytical indicators options. If there is a movement in the market, you have the analytical tools to detect it and react in a timely manner.
- Interactive charts
- 9 timeframes
- 23 analytical objects
- 30 technical indicators
Algorithmic trading (FX Expert Advisors – Forex EA's)
Almost any trading strategy can be formalized and implemented as an Expert Advisor, so that it automatically does all the work for you. A Forex trading robot can control both trading and analytics freeing you from the routine market analysis. MT4 provides the full-fledged environment for the development, testing and optimizing algorithmic/automated trading programs.
You can use your own application in trading, post it in the free code library or sell in the Market.
- The MQL4 language of trading strategies
- Strategy tester
- Library of free trading robots
Global Prime ECN account is available on the Metatrader 4 trading platform for Windows and Mac.
In addition, Global Prime offers Metatrader 4 as application for Android, iPhone and iPad. These applications give traders easy access to their accounts wherever they are.
Global Prime's carefully selected range of products gives you access to the most popular and liquid markets across the world for the best trading opportunities 24/7.
The foreign exchange market (Forex, FX, or currency market) is a worldwide, decentralised, over-the-counter market for the trading of currencies. According to a statement issued by CLS, a major settler of trades, the daily traded volume in February 2018 hit $1.855 trillion!
The Forex market provides traders the opportunity to trade 24 hours a day, 5 days a week in the world’s most liquid financial market. Traders can take advantage of the tightest spreads, superior execution, up to 1:200 leverage, and deep interbank liquidity across 50 currency pairs.
CFD's (Contracts for Difference) are derivatives that allow you to trade an underlying asset, without having to purchase that asset. A CFD is an agreement to exchange the difference in the value of an asset from the time the contract is opened until the time at which it’s closed. You can trade CFDs, long or short, to speculate on price movement or you can utilise CFD's to hedge an existing portfolio. Global Prime offers clients the ability to trade Index and Commodity CFDs via MT4 and FIX API.
Go long or short across the range of the world’s largest and most popular Cryptocurrencies. Trade against other retail traders 24/5 where price movements are driven primarily by fear and greed, news and prevailing sentiment. Enjoy trading with no leverage, no commission, ability to hedge, competitive spreads and eliminate Cryptocurrency Exchange risk by trading with an ASIC-regulated broker.
Opening a Global Prime ECN account is easy. The broker offers ONE account for all. Here are the features:
- Leverage – 1:100. 1:200 (available pending approval)
- Commission – $7 per 100k round turn
- Minimum Deposits – AUD 200 (or equivalent)
- Margin Call – @ 120%
- Margin Stop – @ 100%
- Minimum Trade Size – 0.01 lots
Ready to open an account? Please have identification documentation ready:
- Proof of identity (Driver’s License or Passport)
- Proof of address (Utility bill or Bank statement)
The Global Prime ECN account has no restrictions on trading!
Global Prime offers some of the best trading conditions for scalping and high frequency trading and Forex Expert Advisor trading globally. Traders can also hedge positions as there is no first in first out (FIFO) rule with Global Prime. And traders do not pay margin on hedged trades and enjoy the benefits of margin netting.
The Global Prime ECN environment offers the most aggressive pricing and flexible trading conditions globally. They are ideal for traders who demand the best execution quality and lowest spreads.
Global Prime streams prices on 42 different currency pairs and metals on MT4 trading platform. Global Prime is able to offer some of the best pricing in the industry by aggregating quotes from different banks and dark pool liquidity sources. This low pricing combined with unrivalled execution speeds makes Global Prime the favoured destination for day traders, scalpers and those using FX Expert Advisors (Forex EA's).
Margin and Leverage:
By offering leverage up to 1:200 this broker opens the path to the forex market for Retail traders. Using leverage means only a small initial outlay (margin) is required. The use of leverage can magnify gains but losses can also exceed your initial deposit. The standard leverage offered is 1:100 (1% margin requirement). Maximum leverage offered is 1:200 (0.5% margin requirement). For XAUUSD (Gold) leverage is 1:100 (1% margin requirement) regardless of the account leverage setting.
Global Prime spreads are market leading with prices streaming from different banks and dark pool liquidity sources. Low latency servers in an enterprise grade ECN trading environment means you will always be trading on the best available price. Spreads can go as low as 0.0 pips on Metatrader 4 (MT4) platform.
On Global Prime ECN account, there is a commission of around $7 per standard lot round turn and spreads are variable and start from 0.0 pips.
Global Prime – Welcome To Top Tier Forex Trading
Global Prime is a forex broker dedicated to providing a top tier trading environment, with the highest level of transparency and unparalleled support!
Global Prime offers over 6 flexible funding options in 6 different base currencies. Deposit instantly and for free using a range of methods.
Bank Wire, POLi, BPAY, Credit/debit Card, Neteller
When funding your trading account client money is held in Segregated Client Trust Accounts at Westpac Banking Corporation (Westpac), AA rated Australian Bank. Electronic payments are processed using SSL (Secure Socket Layer) technology and are encrypted to ensure security. All payment information is confidential and used only for the purpose of funding your trading account with Global Prime.
To avoid any delay, please ensure you include your reference number as this helps to match your funds. To find your reference number please refer to your initial funding instruction email or log into Client Portal > Fund via bank wire.
Global Prime does not charge any additional fees for deposits. You should however be aware that you may incur fees on payments to and from some international banking institutions. Global Prime accepts no responsibility for any such bank fees.
For faster processing all account holders are now required to submit withdrawal requests from the Client Portal.
Withdrawal request submitted before 11:00 AEDT ( 00:00 GMT) will be processed the same day. Any request after will be processed the next business day.
Global Prime does not charge any additional fees for withdrawals. You should however be aware that you may incur fees on payments to and from some international banking institutions.
- Bank withdrawal – This can only be returned to a bank account in the same name as your Global Prime trading account
- Credit card withdrawal – Only the initial deposit amount can be returned to the credit card. Amounts above this must be returned via bank wire.
Promotions & Bonuses
Bronze VPS package for Global Prime clients:Trade more than 20 lots per month and receive complimentary Bronze VPS package Bronze VPS offer £18 (~$23USD) per month. Normally £27 Per Month. (Promotion End Date: May 31, 2019 12:00:00 AM)
Global Prime Pty Ltd has clients all over the world and offers exceptional and reliable customer support 24/5 through live chat, online help, a comprehensive FAQ section, phone hotline and email.
Global Prime is one of Australia's leading Forex brokers for High Volume Traders, Scalpers and Expert Advisors. This company is providing an exclusive ECN trading environment, top-notch technology features and excellent trading conditions. The broker offers a great selection of tradable instruments, including cryptocurrencies, and a strong customer support service.
Frequently Asked Questions (FAQ)
Who is Global Prime Forex?
Founded in 2010 and owned by Gleneagle Securities, Global Prime is one of the leading Australian-based online Forex and CFD brokers providing trading solutions for active day traders and scalpers as well as traders that are new to the Forex market or using FX Expert Advisors. The brokerage offers its clients Metatrader 4 (MT4) trading across 42 currencies and metals through tier 1 liquidity providers. The broker is dedicated to bring retail investors and traders in Australia and abroad solutions previously only available to professionals and large global investment banks.
Is Global Prime regulated?
Global Prime is regulated by ASIC in Australia and holds a financial services licence 385620. Global Prime complies with ASIC capital adequacy requirements and conducts ongoing compliance audits of internal procedures and risk management.
What is the minimum amount needed to open an ECN trading account?
Global Prime allows clients to open an account with as little as USD $200 or currency equivalent.
How to fund a trading account?
Global Prime offers clients several ways of depositing funds. These are: Bank Wire, POLi, BPAY, Credit/debit Card, Neteller
How to withdraw money from the trading account?
Please submit your withdrawal request via your Client Portal. All withdrawals received before 11:00 AEDT (00:00 GMT) will be processed the same business day.
Is Global Prime an ECN broker?
Yes, Global Prime is an ECN Forex broker.
Is Scalping and Hedging allowed?
Yes, Global Prime fully allows both hedging and scalping strategies. Spreads and trading conditions are the preferred choice of many day traders and scalpers globally.
Does Global Prime accept US clients?
Global Prime does not accept US clients. US CTFC regulation prevents US clients from trading with brokers outside the US. Global Prime complies with International and Australian regulations.