Global Prime provides trading services on 150+ financial instruments with raw spreads from 0.0 pips and no commissions. The broker also offers various promotions, including TradingView Premium membership, FT newspaper subscription, and access to Autochartist signals.
Global Prime (Company Information and Regulation)
Global Prime was founded in Australia by Jeremy Kinstlinger in 2010, according to Crunch Base. The company’s approach to regulatory compliance is mind-easing, since it’s licensed by multiple financial authorities, including the tier-1 ASIC.
Country | Company Name | Regulatory Body |
Australia | FMGP Trading Group Pty Ltd | ASIC (License No. 385620) |
Vanuatu | Gleneagle Securities Pty Ltd | VFSC (Company Number 40256) |
The company aims to democratize access to global financial markets by offering a wide range of products with competitive trading costs and no minimum account size. Key points about Global Prime:
- Holds the clients’ money in segregated accounts with HSBC (Europe's largest bank by total assets) and National Australia Bank (NAB);
- 24/7 Customer Support;
- Phil Horner currently owns the company (he also is the owner of Fusion Markets broker);
- 20+ payment methods;
- Execution time from 10MS;
- Commission-free deposits and withdrawals.
Specifics of Global Prime Broker
The company has established itself as a leading broker by offering a range of features and services tailored to meet the needs of diverse traders. Here's a closer look at what sets Global Prime apart.
Broker | Global Prime |
Account Types | Standard, Raw |
Regulating Authorities | VFSC, ASIC |
Based Currencies | USD, AUD, GBP, EUR, CAD, SGD, JPY |
Minimum Deposit | Unlimited |
Deposit Methods | Credit/Debit Cards, Crypto, PayPal, Neteller, Skrill, FasaPay, Perfect Money, Bank Wire, etc. |
Withdrawal Methods | Credit/Debit Cards, Crypto, PayPal, Neteller, Skrill, AstroPay, Perfect Money, Bank Wire |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:500 |
Investment Options | Autochartist Trading Signals, Social Trading via ZuluTrade |
Trading Platforms & Apps | MT4 |
Markets | Forex, Indices, Commodities, Crypto, Bonds |
Spread | Standard from 0.9 pips Raw from 0.0 pips |
Commission | Standard $0 Raw $3.5 |
Orders Execution | Market, Stop Loss, Take Profit, Limit |
Margin Call / Stop Out | 100% / 50% (ASIC) 90% / 20% (VFSC) |
Trading Features | Signals, Pro Trading, VPS |
Affiliate Program | Yes |
Bonus & Promotions | FT Subscription, TradingView Premium, Referral |
Islamic Account | No |
PAMM Account | No |
Customer Support Ways | Email, Live Chat, Phone, Ticket |
Customer Support Hours | 24/7 |
Global Prime Account Types
The next topic we must discuss in this Global Prime review is the account type. The company have two main account offering alongside a “Pro Trading” feature to cater to different styles and preferences.
Features | Standard | Raw |
Currencies | USD, AUD, GBP, EUR, CAD, SGD, JPY | USD, AUD, GBP, EUR, CAD, SGD, JPY |
Commission | $0 | $3.5 |
Spread | From 0.9 pips | From 0.0 pips |
Leverage | Up to 1:500 | Up to 1:500 |
Min Trade | 0.01 lots | 0.01 lots |
Max Trade | 1000 lots | 1000 lots |
Stop out | 50% | 50% |
Margin | 100% | 100% |
Scalping, Hedging | Yes | Yes |
EAs | Yes | Yes |
For Australian traders, the maximum leverage options are set to 1:30. However, the broker offers the “Pro Trading” mode for these clients which enables them to use leverage up to 1:500. Note that in Pro trading, the stop out level reduces to 20%.
Global Prime Upsides and Downsides
A dedicated trading expert, 24/7 support, technical, fundamental, news, and trade ideas are some of the benefits of Global Prime accounts. However, we should talk about the downsides, too, in order to have a balance look.
Pros | Cons |
Regulated by reputable authorities (ASIC, VFSC) | MT4 is the only supported platform for now |
Competitive trading conditions with low spreads and fast execution | Restricted access for traders from certain countries |
24/7 customer support | Relatively low maximum leverage (1:500) |
Segregated client funds for enhanced security | Lack of frequent trading bonuses or promotions |
Registration and KYC Verification on Global Prime
Opening an account with Global Prime broker involves a straightforward registration process followed by a Know Your Customer (KYC) verification.
- Visit the broker’s official website;
- Click “Sign Up”;
- Provide your email address and set a strong password;
- Click “Verify Now”;
- Fill in the “Personal Details” form;
- Choose the account settings;
- Provide proof of identity (passport, driver’s license, ID card) and proof of address (utility bill, bank statement).
Global Prime Broker Trading Platforms
The company offers a sturdy trading solution for its clients, MT4. MetaTrader 4 is one of the oldest and most popular platforms in the market and is available across various systems and devices, including:
While no specific date hasn’t been indicated, the broker announces that it’s going to launch MT5, TradingView, and cTrader as its trading platforms pretty soon.
Global Prime Fee Structure
Exploring commissions and spreads is an important aspect of the Global Prime review. The broker offers a transparent and competitive fee structure. Average spread and commission for some financial instruments:
Asset | Avg. Spread (Pips) | Commission on Raw Account (per round lot) |
EUR/USD | 0.06 | $7 |
GBP/USD | 0.22 | $7 |
XAU/USD | 1.08 | $7 |
BTC/USD | 139.8 | $0 |
US500 | 3.95 | $0 |
UKGILT | 3.2 | $0 |
Swaps are also charged for holding positions overnight. Rates vary depending on the instrument and direction of the trade. The broker charges no deposit/withdrawal or inactivity fees.
Supported Payment Options on Global Prime
The company offers a variety of payment methods to facilitate easy deposits and withdrawals. Note that these transactions include no charges from the broker.
Method | Min Deposit | Min Withdrawal | Currency |
Visa | $10 | $10 | USD, AUD, GBP, EUR, SGD, CAD, JPY |
MasterCard | $10 | $10 | USD, AUD, GBP, EUR, SGD, CAD, JPY |
Crypto | $10 | $10 | USD, EUR |
PayPal | $10 | $10 | USD, AUD, GBP, EUR, SGD |
Neteller | $10 | $10 | USD, AUD, GBP, EUR, SGD, JPY |
Skrill | $10 | $10 | USD, AUD, GBP, EUR, SGD, JPY |
Bank Wire | $10 | $30 | USD, AUD, GBP, EUR, SGD, JPY, CAD |
The broker offers 10+ additional payment options, including GATE8, DragonPay, VNPay, FasaPay, Pagsmile, Bpay, POLi, AstroPay, Interac, PayID, Perfect Money, XPay, Mifinity, and Jetonbank.
Does Global Prime Offer Copy Trading and Growth Plans?
The company recognizes its clients' growing demand for social and copy trading features. While the broker doesn't offer its own proprietary copy trading system, it does provide integration with third-party services, like ZuluTrade.
ZuluTrade is a dedicated social trading platform with the “Profit Sharing” model. It charges a $30 monthly fee for the first month and a 25% rate of profits for the following months. To use the platform, you need to create a Global Prime MT4 account.
While Global Prime doesn't offer specific "Growth Plans," they provide various tools and resources to support trader development, including trading signals from “Autochartist”, Economic Calendar, and Trading Calculators.
Global Prime Broker Financial Markets
The company offers access to a wide range of financial markets (Over 150 tradable instruments), catering to diverse trading interests.
- Forex: Major and minor currency pairs with leverage up to 1:500;
- Indices: Major global stock indices like US500, NASDAQ, and UK100 with leverage up to 1:100;
- Commodities: Precious metals (Gold, Silver), energy products (Crude Oil, Natural Gas), and agricultural commodities with leverage up to 1:100;
- Bonds: Government bond CFDs like UKGILT, UST05Y, and UST10Y;
- Crypto: Major cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, with leverage up to 1:5.
Bonus and Promotional Programs on Global Prime
It’s time to discuss one of the most attractive topics in the Global Prime review: the bonus offering. The company doesn’t offer traditional bonus plans and emphasizes its resources on providing very low trading costs. However, it offers two “Partner Programs” with the following features.
- Affiliate: suitable for influencers and publishers to earn competitive commissions on a CPA basis;
- IB: Earn commissions on your referred clients as rebates with unlimited earning potential.
Global Prime Customer Support
The company prides itself on providing excellent 24/7 customer support to its clients through various channels, including:
support@globalprime.com | |
Phone | +61 (2) 8379 3622 |
Live Chat | Very responsive and quick |
Call Request | Through the “Contact Us” form in your profile |
Address | Global Prime EN, Govant Building, BP 1276 Port Vila, Vanuatu |
Global Prime Broker Geo-Restrictions
While the company aims to serve a global clientele, there are certain geographical restrictions due to regulatory compliance. Restricted countries on Global Prime:
- Afghanistan;
- Congo;
- Iran;
- Iraq;
- Myanmar;
- New Zealand;
- North Korea;
- Palestine;
- Russia;
- Somalia;
- Sudan;
- Syria;
- Ukraine;
- Ontario;
- Yemen;
- Japan;
- United States or its territories.
Global Prime Trust Scores
User satisfaction may be the most important subject of the Global Prime review. Trust is a crucial factor in choosing a broker, and the company has garnered positive trust scores from various sources.
4.5 out of 5 based on 151 reviews | |
Forex Peace Army | 4.8 out of 5 based on 424 comments |
Google Reviews | 4.4 out of 5 based on 42 comments |
Does Global Prime Provide Educational Content?
The broker places a strong emphasis on trader education, offering a comprehensive suite of educational resources through its “Trading Guides”. This section of the Global Prime website covers various topics, including:
- Beginner's guide to forex trading;
- Advanced technical analysis techniques;
- Risk management strategies;
- Introduction to Indicators and Candlesticks.
Conclusion and Final Words
Global Prime provides access to Forex market through MetaTrader 4. It also utilizes the ZuluTrade platform to offer social trading services with a 25% commission rate. While the broker is regulated by multiple entities, including ASIC and VFSC, it’s not available in the United States.