Global Prime Forex Review

Global Prime

Global Prime

  • Leverage: 1:30 | 1:400

  • Regulation: ASIC, VFSC, FSA

  • Min. Deposit: US$200

  • HQ: Australia

  • Platforms: MT4, TradingView, Myfxbook, TraderEvolution

  • Found in: 2010

Global Prime Licenses

  • Global Prime Pty Ltd - authorized by ASIC (Australia) registration no. ABN 74 146 086 017 AFSL 385620
  • Gleneagle Securities PTY Limited - authorized by VFSC (Vanuatu) registration no. 40256
  • Global Prime FX Ltd - authorized by FSA (Seychelles) registration no. 8426189-1

Top 3 Forex Brokers

  1. Global Prime Pros and Cons
  2. Is Global Prime safe or a scam?
  3. Leverage
  4. Trading Fees
  5. Spread
  6. Trading Platform
  7. Deposits and Withdrawals
  8. Conclusion

Our Review Method

  • Our financial experts at 55Brokers with over 10 years of experience reviewed broker’s offerings including platforms, fees, spreads, available instruments, as well as varified lcenses. Then placed trades trades and contacted customers support to evaluate conditions to give an expert opinion about Global Prime

What is Global Prime?

Global Prime is an Australian broker that provides Forex and CFD trading and specializes in low latency connectivity to tier-1 bank connectivity. The company proposes a regulated trading environment with a sophisticated execution model based on ECN connectivity, bringing powerful platforms, and copy trade capabilities all with tight spreads.

From the beginning of its operation, back in 2010, until now Global Prime serves clients from over 120 countries, uses 20 liquidity providers to guarantee the best quotes, and trades huge volumes across continents.

Global Prime Pros and Cons

Global Prime is a reliable broker with comprehensive trading proposals with advanced range of instruments suitable for professionals  traders with low commission charge and low spreads whie providign ECN connectivity powered with auto trading, and good research tools.

For negative points, the proposal might not suit beginning traders, the deposit is high, it lacks education and support is not available 24/7. Also, the market range is strictly limited to FX and CFDs and conditions vary depending on the jurisdiction since the broker runs offshore entities

Highly regulated broker Runs Offshore Entities
Global Trading serviceConditions and protection vary according to the entities
Good Forex and CFD Insturments No 24/7 support
Low Spread and Commissions
Competitive Trading Conditions
FIX API Trading

Global Prime Review Website

Global Prime Review Summary in 10 Points
🏢 HeadquartersAustralia
🗺️ RegulationASIC, VFSC, FSA
📉 InstrumentsForex, CFDs on Cryptocurrencies, Commodities, Shares, Bonds, and Indices
🖥 PlatformsMT4, TraderEvolution, TradingView, Myfxbook
💰 EUR/USD Spread0.4 commission-free or 0.0 pip + $7 commission per 100k round turn
💳 Minimum deposit$200
🎮 Demo AccountAvailable
💰 Base currenciesUSD, AUD, EUR, GBP, JPY, SGD
📚 EducationResearch, social trading, tools
☎ Customer Support24/5

Overall Global Prime Ranking

Our experts remained satisfied with Global Prime considering it  a good broker with favorable conditions and service suitable for traders of different styles. The broker ensures global coverage with lowest spreads possible offering ECN low latency connectivity to interbank rates.

  • Global Prime Overall Ranking is 8.3 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
RankingGlobal PrimeInteractive Brokers XM
Our Ranking ⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantageECN ConnectionReal Stocks Education

Global Prime Alternative Brokers

However, we couldn’t help but notice the broker’s negative sides – the broker lacks decent educational resources which might be heplful for beginners, also the market range is limted to FX and CFDs, and international entities offer different conditions. And the minimum deposit is a higher than the industry average. So it is advisible to check also alternative brokers, however, overall Glpbal Prime conditions are pretty good.

Is Global Prime safe or scam?

No, Global Prime is not a scam; it is authorized by top-tier ASIC and holds an AFSL license with a low-risk trading environment.

Is Global Prime regulated?

Yes, Global Prime is a respectively regulated broker holding ASIC license ensuring traders’ safe trading environment and good protection. This is necessary to guarantee market integrity and propose tailored trading capability with a safe trading environment. You may read more Why trade with ASIC brokers by the link.

  • Additionally, Global Prime has expanded beyond its borders with offshore operations in Seychelles and Vanuatu obtaining the VFSC and FSA licenses. However, trading with these entities carries a high level of risk that should be considered carefully before proceeding.

See our Conclusion on Global Prime Reliability:

  • Our ranked Global Prime Trust Score is 8.7 out of 10 reflecting the broker’s good reputation and reliability proved throughout a decade by proper operation, execution, and integrity. Being licensed by a top-tier regulator, GLobal Prime ensure safe trade and good client protection. The only drawback is that it holds offshore entities alongside ASIC
Global Prime Strong PointsGlobal Prime Weak Points
ASIC-regulatedRuns Offshore Entities
Good reputation proven within a decade of operationTrading and Protection Conditions might differ according to jurisdictions
Worldwide operation
Clients Protection
Negative Balance Protection

Is Global Prime regulated in US?

No, Global Prime is not regulated in the US, therefore US clients cannot get access to the broker’s offerings. In order to operate in the US brokers must abide by NFA and CFTC orders since these regulators oversee the nation’s financial sector and impose strict laws preventing unlicensed brokers from providing their service.

How are you protected?

Therefore, defining Global prime as your broker will bring you a clear state of mind that your money is kept under necessary rules, you may always count on support from ASIC, as well as the trading conditions are constantly overseen.

Also, operation and firm may be heavily fined in case of any violence or a mislead of a client, so traders always ensured its safety. This indeed never happens with unregulated firms, as they operate in the manner they find correct, which is definitely super risky for you. For this reason trading with a broker under world-recognized authority is the correct approach in your choice of a broker.

Global Prime Review License


Global Prime Leverage Levels strictly vary depending on the entity. Australian traders’ options are limited since the broker put restrictions on the leverage usage, even though ASIC once was known as one of the most popular financial hubs offering high leverage.

  • clients trading under the ASIC entity get exposure to maximum leverage of 1:30 
  • While international clients can get access to high leverage up to 1:400

Leverage is indeed a powerful tool that can help you gain exposure to a specific market and bigger returns; however; it should be approached with caution since is a risky venture that can lead to capital loss.

Prime Global Account types

Global Prime made your choice simple and run One account for all. This means you connect all the solutions to one online feature with a full range of account management and possibilities from Global Prime. Live Account is equipped with commission-based and commission-free features to cater to every trader’s needs. Additionally, the broker offers a demo account to practice before taking steps toward any live trade.

Fast Digital Account Opening Higher Minimum Deposit
Demo AccountNo Islamic or Swap-free Accounts
Single Integrated Account for all
Free Deposit and Withdrawal Processes

Global Prime Accounts


Global Prime Instrument range opens up opportunities to trade some of the most popular assets, the broker is highly regarded in the industry for its achievements, while traders are mainly happy with the service they get.

Global Prime offers access to a comprehensive range of trading instruments, including Forex, Cryptocurrencies, Indices, Shares, Commodities, and Bonds at competitive pricing. Advanced strategies such as social trading accounts (MAM & PAMM) can be implemented for the best possible profits; ideal for both individual traders and institutions alike.

  • Global Prime Instrument Range Score is 8.2 out of 10 for its comprehensive market range, accompanied by optimal trading conditions. However, it only provides CFD and FX services which may vary depending on the entity chosen.

Global Market Fees

Global Prime fees are either built into spreads or are commission-based depending on the volume you trade and features chosen. The broker does not charge deposit/withdrawal fees, however, it charges inactivity fees. Also, consider rollover and swap fees.

  • Global Prime Fees are ranked with an overall rating of 8.9 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on entity offering, see our findings of fees and pricing in the table below
FeesGlobal Prime FeeCOmmSec FeeCity Index Fees
Deposit feeNoNoNo
Withdrawal feeNoNoNo
Comission basis feeYesYesYes
Fee RankingLowLowLow

Global Prime rollover

Also, always consider rollover or overnight fee as a cost, it is charged on the positions held longer than a day and defined by each instrument separately. Some of the examples you may also see above.

Global Prime Review Fees


Global prime spreads are either built into spreads, also offering raw spreads with a typical EUR/USD spread is 0.0 pip, plus the $7 commission per 100k round turn which is very competitive and pleasant among the industry.

  • Global Prime Spreads are ranked with an overall rating of 8.8 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average of 1.2 pips for EURUSD, and spreads for other instruments are very attractive too
Asset/ PairGlobal Prime SpreadsLand FX SpreadsAvaTrade Spreads
EUR USD Spread0.0 pip0.9 pips1.3 pips
Crude Oil WTI Spread1.6 pip3 pips3 pips
Gold Spread0.1240 cents40

Global Prime Funding Methods

Global Prime enables you to open an account with your choice of the base currency between USD, AUD, EUR, GBP, JPY, and SGD
in reverse making money deposit or withdrawal more convenient. Also, you may choose the best suitable option either to pay with Credit/ Debit Cards, Neteller, Skrill, Wire Bank transfers, or BPay.

  • Global Prime Funding Methods we ranked Excellent with an overall rating of 8 out of 10. Fees are either none or very small also allowing to benefit from various account-based currencies, yet the initial deposit is higher for Global Prime

Here are some good and negative points for Global Prime funding methods found:

Global Prime AdvantageGlobal Prime Disadvantage
Fast digital deposits, including Neteller, Skrill, and Credit CardsFees and Methods vary according to jurisdiction
Multiple Account Base Currencies
Free Deposit/Withdrawal Fee
Withdrawal requests confirmed within 12-24 hours

Global Prime minimum deposit

Global Prime minimum deposit is $200. Since there is no difference between account types, this amount will allow you to start while further checking on the necessary margins and other conditions so you may define a suitable amount. E.g. maintaining a master account with Myfxbook requires a minimum of 1,000$.

Global Prime minimum deposit vs other brokers

Global Prime Most Other Brokers
Minimum Deposit $200 $500

Global Prime withdrawal fee

Global Prime withdrawal options are popular Bank transfers and Credit Cards, also there are no charge fees for either deposits or withdrawals. Yet, you should always check with your payment provider if there are any charges for international transfers and so.

How do I withdraw money from Global Prime?

In order to withdraw money from your account, you need to log into the funding section and choose the withdrawal method same as for depositing, enter the required amount of money, and confirm the transaction.

Global Prime Review Funding

Global Prime Trading Platforms

Global Prime trading platform range includes popular Forex platform MetaTrader4 as its great trading environment suitable for both professionals and beginners serves a purpose the best. There are 3 execution models available at MT4 together with different versions of a platform suitable for various devices, including an App for mobiles. Also, the broker offers Trading View, Myfxbook, and TraderEvolution platforms.

  • Also, Global Prime enhanced the platform with free add-ons, analytical objects, and technical indicators all with no restrictions on algorithmic trading or the use of EAs.

So all in all, the Global prime solution provides the ability to trade with customized liquidity on fast execution speeds and unparalleled software that brings you all that is needed for good performance.

  • Global Prime Platforms are ranked high with an overall ranking of 7.9 out of 1o as compared to over 500 other brokers. We marked broker includes MT4 platform which is an industry standard with good VPS and EAs, also it includes TradingView for a better research experience. The only point is the lack of alternative platform options
Trading Platform Comparison to Other Brokers:
PlatformsGlobal Prime Platforms Land FX PlatformsPepperstone Platforms
Own PlatformNoNoYes
Mobile AppYesYesYes


In addition, you may automate your trading with social trading capability that allows copying other traders directly to your Global Prime account. This opportunity is performed via the industry-leading system Myfxbook which proved its reliability and serves numerous global traders for both copy traders or being master traders.

It is indeed a great opportunity especially for beginning traders, as you may choose from over 40 systems and thousands of professional investors to copy, in reverse advanced traders may operate the larger accounts and receive commissions.

Global Prime Review Autotrade

Customer Support

Global Prime Customer Support is available 24/5 in English offering comprehensive customer care that can be reached via email. phone, or Live Chat.

  • Customer Support in Global Prime is ranked Excellent with an overall rating of 9 out of 10 based on our testing. We got some of the fastest and most knowledgeable responses compared to other brokers, the only point is that it is not available on weekends

See our find and Ranking on Customer Service Quality:

Quick responseNo 24/7 support
Relevant AnswersMultilingual support not provided
Live Chat Available

Global Prime Review Customer Support

Global Prime Education

Global Prime does not offer comprehensive learning materials, however, it can be a valuable resource for beginners with access to market research tools and simple explanatory guides.

  • Global Prime Education is ranked low with a ranking of 6 out of 10 since doesn’t have good resources, only a few simple guides; however, the research tools are good

Globar Prime Review Conclusion

In this Global Prime Review, we found that the broker provides a good balance between trading offerings with overall conditions and low spreads. There is an option for almost any trader to find its way of trading, either through social trading or by maintaining its own strategy with the use of robots or so on. Also being a regulated Australian broker is a great advantage for your calm state of mind, knowing your investment is safe. Traders of any style can enjoy trading with Global Prime along with the enlarged offering in the conflict-free environment with ECN technology.

Based on Our findings and Financial Expert Opinion Global Prime is Good for:

  • Beginning Traders
  • Professional Traders
  • FIX API Traders
  • EAs running
  • Copy Trading
  • Scalping / Hedging Strategies
  • Traders who prefer the MT4 platform
  • Share CFD Trading
  • Bonds CFD Trading
  • Currency Trading and CFD Trading
  • Suitable for a Variety of Trading Strategies
  • Traders preferring Myfxbook

No news available.

4 responses to “Global Prime”

  1. They will leave you in financial ruins, luckily they have loopholes and you can get back what you lost. Look us up and you have a good chance of getting the peace of mind you deserve.

  2. GLPrimeTrade is a phishing website. Please be aware. I got into a crypto scam via Instagram scammer. The scammer disguised himself as a crypto trader and recommended this website for trading. After I deposit crypto to my account on GLPrimeTrade, I discovered that I couldn’t withdraw out.

    Leave this website before it is too late.

  3. Global Prime notified me less than 48 hours before the ASIC Product Intervention Order took effect (which significantly reduced retail traders leverage), resulting in me losing nearly $15,000 in my account.

    ASIC announced the change 5 months ago. but I was told about it on Thursday afternoon. They said I could either deposit $100,000 to cover the leverage reduction that would take place in the next couple of days, or my account would easily go into margin call and pretty much all my open trades would be closed.

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