More about the company

Australia is the home of the 2010-founded Global Prime. Retail and institutional traders are drawn to the brokerage because it offers the MT4, TraderEvolution, and FIX API in the forex, CFD, and commodities markets. Due to their ECN’s direct access to 26 liquidity sources, the firm boasts the best execution and enables straight-through processing.

The Global Prime Group is a network with locations in Vanuatu, the Seychelles, and Australia (Global Prime PTY Ltd) and New Zealand (Global Prime FX Ltd). Each of them is subject to ASIC, VFSC, and FSA regulations.

Trading platforms

Global Prime offers the MetaTrader 4, TraderEvolution, and FIX API platforms.

MetaTrader 4

The well-liked MT4 trading platform, best known for forex trading, is available to clients. MT4 includes comprehensive charting functionality, 30 built-in indicators, one-click trading, automatic investing through an API, and more.

TraderEvolution

For professional traders seeking more sophisticated features for order entry, analysis, and algorithmic trading, there is the TraderEvolution platform. It features numerous time frames, a market depth view, 14 fully customisable chart kinds, and one-click trading.

FIX API

Professional traders that want to create their own algorithmic trading solutions with the least amount of latency can use the FIX API. The platform works well for seasoned traders who require the versatility of using any programming language.

Being able to connect directly to trading servers in real time rather than using third-party software like MT4 is particularly helpful. For simplicity of account maintenance and access, trades are instantly copied to an MT4 or TraderEvolution account.

Markets and Assets

Clients can trade on the forex, CFD, and commodities markets:

• Forex
• Cryptocurrencies
• Commodities
• Indices

Spreads and commissions

The range of Global Prime spreads begins at 0.0 pip.Leading EUR/USD pairs typically have spreads of 0.1 and 0.6 for GBP/USD. On the FTSE 100, typical spreads are 0.84, and on the Nasdaq 100, they are 1.

Only trading in Forex and metals from an ECN account is subject to fees at Global Prime. The commission rates for a normal lot are as follows: 7 AUD, 7 USD, 6.2 EUR, 5.4 GBP, 9.5 SGD, and 9 CAD.

Additionally, the business provides competitive overnight swap rates that are directly obtained from the interbank market.

Mobile applications

Currently, the company doesn’t have a mobile app of its own. However, MT4 provides platforms for both iOS and Android. Both the App Store and Google Play provide free downloads of this program. With certain charting and browsing restrictions, the MT4 apps for Android and iOS offer the majority of the functionality of the web version. Customer feedback and mobile app evaluations are, however, excellent overall.

Payment Methods

Requests for deposits and withdrawals are processed via the Global Prime customer interface. The brokerage firm provides a variety of deposit options. Deposit requirements range from 1 to 200 Australian dollars. Even if they are all free, processing timeframes may differ.

• Credit/Debit Card Activation (Mastercard and Visa)-Instant
• Skrill Instant
• Instant Neteller
• Zotapay-Instant payment
• FasaPay: Instant payment
• Accentpay-Instant payment
• Dragonpay-Instant Payment
• Pagsmile-Within 24 hours (weekdays)
• BPAY-Approximately 24-48 hours

Please note that users can deposit funds in 6 base currencies: USD, AUD, GBP, EUR, CAD, and SGD.

You can withdraw money using a Mastercard, Visa, bank transfer, or Neteller. The processing time for credit card payments ranges from one to ten days. 1-2 business days (AU) and 3-5 business days are required for bank transfers (Int.). Neteller withdrawals happen right away following the action. Global Prime does not impose a fee for funding or withdrawals; instead, all bank fees are passed along to the customer.

Demo account

On its MT4 and TraderEvolution platforms, Global Prime provides a free demo account. In a risk-free setting, traders can learn how the platform works and develop techniques. Clients are free to open a real account with real money once the trader is prepared. To open a demo trading account, visit the broker’s website.

Account Types

The ECN account is the only form of account that Global Prime provides. Individual, joint, corporate, and trust solutions are available from ECN Global Prime.

The features of an ECN account include:

• AU$7 commission per lot round for currencies and metals only.
• Best execution with over 26 liquidity providers
• Variable and tight spreads starting at 0.0 pips
• Execution time as little as 1 ms
• Automated trade receipts

Opening an account is easy and requires only proof of identity and address. Members can also sign in and manage their accounts through the customer portal.

Customer Service

The broker’s customer support is available 24/5, Monday through Friday. You can contact them by email at support@globalprime.com , by phone at +61 (2) 8379 3622 or directly via live chat. The website also offers specific email addresses based on specific requests.

Safety

Global Prime is a trustworthy broker that offers automatic trading receipts with information on liquidity source, fill rate, slippage, and spread. The business is open about how commissions, swaps, and interest are used to make money. The MT4 platform also offers cutting-edge encryption, safe logins, and basic data privacy.

Countries with which Global Prime works and does not work

Global Prime accepts traders from Australia, Thailand, Canada, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders cannot use Global Prime from the United States.

Conclusion

Platforms from Global Prime are promising for traders of all experience levels. The broker provides cheap spreads on popular pairs and indices, while not having the broadest assortment of instruments. The broker is also governed, and it boasts exceptional levels of security and transparency. Overall, we are pleased to advise Global Prime to our traders, particularly seasoned investors seeking cutting-edge trading instruments.