Global Prime Ratings & In-Depth Review

Global Prime

Overview: Global Prime is an Australian based online Forex brokerage firm with its head office located in Sydney as well as support offices worldwide. Global Prime holds an Australian Financial Services License (ASIC) to conduct financial services within Australia, with Vanuatu Financial Services Commission (VFSC) and FSA in Seychelles. The broker is well known in the forex industry with their leading customer service/support and Building strong relationships with their clients. Global Prime has been in operation since 2010.

Accounts: Standard ECN account is offered to every client. Global Prime boasts about ultra-low spreads (0.0 pips) and trades are filled with fast and precise execution. They also show which liquidity provider filled your order which is unheard of in retail forex. They boast of extensive and diverse liquidity with 3 prime brokers and 20 plus tier 1 banks creating tight spreads. Traders also have the option in trading index funds and commodity CFD’s. Global Prime also offer institutional ECN accounts with add benefits like: dedicated service, deep institutional liquidity, custom options and lower commissions.

Min deposit: $200 AUD or equivalent

Maximum leverage: 1:100 leverage and up to 1:200.

Features: Platforms on Global Prime include metatrader 4 (MT4) for Iphone, Android, Mac and Windows. They also offer Free or discounted VPS hosting for faster execution when you trade above a certain amount of lots per month. MAM/PAMM is readily available for money manager that use Mt4. Myfxbook and ZuluTrade auto traders is also supported. They also offer customizable streams for high net volume trader, which include choice of liquidity provider, customized flow, Liquidity and volume. Global Prime is built to support the professional forex trader featuring 48 Tradable currency pairs. Traders can also trade 20 different commodities and 14 Idices.

Education: They do not offer too much in forex education as they favor experienced forex traders and not beginners. The Insights section of their site features trading guides and videos and the daily edge news provider. Traders can also subscribe to Global Primes free market daily wrap which will be sent to your email.

Deposits/Withdraws: Deposits and withdraws can be done easily via the client portal. Most common deposit methods are credit/debit cards, Neteller and Bank wire. Other deposit methods include: Skrill, Dragonpay, ZOTAPAY, fasapay, payR, BPAY, POLI. Deposits with credit/debit cards and neteller are usually processed within a few hours. Withdraws can take up to 24 to process during business hours or up to 3-5 business days via bank wire. Global Prime has zero deposit or withdrawal fees.

Customer service: Live chat can be contacted 24 hours a day 5 days a week. They also have a direct phone line for traders and email support