Global Prime Broker Review 2024

Global Prime, an Australian-based broker established in 2010, provides trading services across 150+ markets, including FX, Indices, Commodities, and Crypto. What are the trading conditions on Global Prime broker?

We will delve into the company’s various aspects, from its regulatory status to its trading platforms, fee structure, customer support, account types, deposit, withdrawal, and many more in this Global Prime review.

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.

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.

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.

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%.

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.

1. Visit the broker’s official website;
2. Click “Sign Up”;
3. Provide your email address and set a strong password;
4. Click “Verify Now”;
5. Fill in the “Personal Details” form;
6. Choose the account settings;
7. 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:

• Windows;
• macOS;
• Web;
• Android;
• iOS.

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:

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.

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.

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:

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.

Conclusion and Final Words

Global Prime offers a full suite of trading services across five different asset classes, including Forex, Crypto CFDs, Indices, Commodities, and Bond CFDs.

Global Prime broker utilizes the robust MetaTrader 4 for providing these services with ultra-low costs. Share your thoughts about the global Prime review in the comments.