Global Prime Review and Tutorial 2021

Global Prime is an Australian claimed ECN intermediary offering to exchange forex, CFDs, and products. The organization spends significant time in a low inertness network to level 1 bank liquidity. Our audit investigates spreads, commission, influence, opening a live record, and the sky is the limit from there. Settle on an educated exchanging choice today.

Global Prime Summary

Global Prime was established in 2010 and is situated in Australia. The financier requests retail and institutional merchants offered MT4, TraderEvolution, and FIX API in forex, CFD, and ware markets. The organization provides straight-through handling and guarantees the best execution as their ECN considers direct admittance to 26 liquidity suppliers. 

The Global Prime Group has involved an organization across Australia (Global Prime PTY Ltd), Vanuatu (Gleneagle Securities PTY Limited), and Seychelles (Global Prime FX Ltd). They are each controlled by the ASIC, VFSC, and FSA. 

The organization’s administration group has a joined encounter of 80+ years inside monetary exchanging and related business sectors. Their contributing administrations are utilized by more than 10,000 merchants globally and are accessible in more than 194 nations, including the UK; however, brokers from the United States are restricted from opening a record.

Trading Platforms

Global Prime offers MetaTrader 4, TraderEvolution, and FIX API stages.

MetaTrader 4

Customers can exchange with the famous MT4 stage, most popular for trading on the forex market. MT4 offers progressed outlining usefulness, 30 implicit pointers, a single tick exchanging, mechanized contributing through APIs, among different components. 

The MT4 stage is reasonable for customers hoping to appreciate institutional style exchanging or scalping systems. The location is likewise fit for both new and further developed merchants.

MetaTrader 4 is accessible on Windows, Mac, Web, and iOS, and Android.

TraderEvolution

The TraderEvolution stage considers proficient brokers looking for further developed usefulness for request section, examination, and algorithmic exchanging. It accompanies 14 completely customizable outline types, different periods, the capacity to see market profundity, and a single tick exchanging. 

It is furnished with a similar evaluating and execution as the MT4 stage yet offers more prominent straightforwardness over liquidity, level 2 valuing, DoM exchanging, and volume investigation. 

TraderEvolution is accessible on Windows, iOS, and Android.

FIX API

The FIX API arrangement is also intended for proficient brokers hoping to send restrictive algorithmic exchanging agreements with the most reduced conceivable inertness. The stage is most appropriate to experienced merchants who need the adaptability to utilize any programming language. 

What’s especially helpful is the capacity to associate straightforwardly with exchanging workers ongoing, rather than going through outsider projects like MT4. For the board’s simple record and access, exchanges are drop replicated to either an MT4 or TraderEvolution account. 

The arrangement requires a base store of USD 10,000 and accompanies a USD 2,000 month-to-month commission. Expenses might be debatable with Global Prime client care administrations.

Global Prime Assets

Customers can exchange forex, CFD, and products markets:

• Forex – 48 major, minor and exotic currency pairs, i.e., GBPUSD and EURUSD
• Cryptocurrencies – 5 cryptocurrencies, i.e., BCHUSD, ETHUSD, and LTCUSD
• Commodities – 18 commodities, including gold, silver, and platinum
• Indices – 13 indices such as Nasdaq 100, Nikkei 225, and FTSE 100

Spreads & Commission

Spreads at Global Prime are variable, beginning from 0.0 pips. Run-of-the-mill spreads on driving sets EUR/USD are 0.1 and 0.6 on GBPUSD. Run of the mill spreads on FTSE100 are 0.84 and 1 on the Nasdaq 100. 

Global Prime charges commissions on forex and metal exchanges with the ECN account. Commission charges per standard parcel are as follows: 7 AUD, 7 USD, 6.2 EUR, 5.4 GBP, 9.5 SGD, and 9 CAD. 

The organization additionally offers serious overnight trade rates, which are taken straightforwardly from the interbank market.

Leverage

Global Prime influence goes from 1:100 to 1:200. The organization affirms that brokers can use these most incredible rates without it being inconvenient to their productivity or achievement. 1:100 standard influence has a 1% edge prerequisite, and 1:200 power has a 0.5% edge necessity. 

Global Prime doesn’t offer negative equilibrium assurance. In any case, different insurances alleviate the chance of a negative equilibrium, including a 120% edge call level. More subtleties can be found on the business site. Should your record head into negative offset, the client needs to store the sum necessary to take the equilibrium back to nothing.

Mobile Apps

The organization doesn’t at present offer its versatile application. Anyway, MT4 offers iOS and Android forms of its foundation. This is allowed to download from the App Store and Google Play. The MT4 Android and iOS applications have the vast majority of the usefulness of the web variant for certain constraints in diagramming and review choices and generally speaking. However, client surveys and rankings of the portable arrangement are astounding.

Payment Methods

Store and withdrawal subsidizing demands are noteworthy through Global Prime’s customer entry. The financier offers a broad scope of store strategies. Store necessities range from AUD 1 to AUD 200. While all are without charge, handling times do differ:

• Credit/debit cards (Mastercard & Visa) – Instant
• POLi – Instant
• Skrill – Instant
• Neteller – Instant
• Zotapay – Instant
• FasaPay – Instant
• Accentpay – Instant
• Dragonpay – Instant
• Thai QR payment – Instant
• Pagsmile – Within 24 hours (during business days)
• PayRetailers – WIthin 24 – 48 hours (during business days)
• BPAY – Approximately 24 – 48 hours
• Bank wire – 1-2 business days (Australia), 3-5 business days (Intl.)

Clients can store assets in 6 base monetary standards: USD, AUD, GBP, EUR, CAD, and SGD.

Withdrawals are accessible through Mastercard and Visa, bank wire, and Neteller. With card installments, handling times range from 1-10 days. Bank wire takes 1-2 workdays (AU) and 3-5 workdays (Int.). Neteller withdrawals are moment once actioned. Global Prime doesn’t charge any money or withdrawal expenses; however, it will give any bank charges to the customer.

Demo Account

Global Prime offers a free demo account across its MT4 and TraderEvolution stages. Merchants can dominate stage functionalities and practice systems in a danger-free setting. When the broker is prepared, customers are allowed to open a live record with natural capital. Head to the agent’s site to open a demo exchanging account.

Global Prime Bonuses

Aside from its reference program, Global Prime doesn’t offer any different arrangements or advancements at the hour of composing. Nonetheless, you can check its site and online media pages for information on future promotions and rivalries.

Regulation Review

Global Prime is wholly authorized and controlled collectively of contracting elements across Australia, Vanuatu, and Seychelles. Global Prime Pty Ltd is owned by the Australian Securities and Investments Commission (ASIC) under permit number 385620. Gleneagle Securities PTY Limited exchanging as Global Prime FX is controlled by the Vanuatu Financial Services Commission (VFSC) under permit number 40256. The Seychelles Financial Services Authority manages global Prime FX Ltd (FSA) under permit number 8426189-1. 

More experienced merchants are probably going to take alert with the VFSC and FSA administrative bodies. The VFSC, for instance, takes into consideration the fast and straightforward arrangement of organizations and offers restricted customer insurance. Luckily, ASIC is viewed as a top-level controller. 

Global Prime behaviors customary autonomous outside reviews of its monetary and consistent courses of action and has no unfriendly record from any financial controller, government body, or courtroom.

Additional Features

• Margin calculator – Global Prime offers an FX pip adding machine that works out the necessary position size dependent on your money pair, hazard level, and stops misfortune. 
• YouTube channel – Global Prime has a setup YouTube channel with over 300+ recordings. Content incorporates instructive short-structure recordings and webcast recordings, including authors and the initiative group. 
• Trading academy – Traders of all expertise levels can profit from Global Prime’s far-reaching and organized preparing program that highlights different tutors. 
• Trading community – Global Prime’s exchanging local area have given many positive audits. Individuals can speak with one another and industry tutors on their Discord home base. 
• VPS offers – The agent’s VPS administrations work on the quality and speed of exchange execution. The VPS is additionally accessible for customers who exchange over 20 parcels every month.

Account Types

Global Prime offers one record type – The ECN Account. Global Prime’s ECN comes as Individual, Joint, Corporate, and Trust arrangements.

ECN account highlights include:

• AUD 7 commission per lot round turn on FX and metals only
• Best execution with 26+ liquidity providers
• Variable and tight spreads from 0.0 pips
• Execution speeds as low as 1ms
• Automated trade receipts

Opening a record is direct and essentially requires evidence of personality and address. Individuals can likewise sign in and deal with their records through the customer entryway. 

Note that the first-time base store for a Global Prime record is AUD 200 or the same.

Benefits

• Platforms for advanced traders
• Wide range of deposit options
• Segregated client funds
• ECN accounts
• VPS

Drawbacks

• Regulatory bodies, VFSC and FSA, are not reputable
• US and Ontario clients are not accepted
• A limited number of non-FX instruments
• No MT5 platform

Trading Hours

Exchanging hours on forex, lists, and wares markets are open 24/5 from Monday to Friday. Explicit trading hours for each call can likewise be seen on the Global Prime site or the MT4 and TraderEvolution stages.

Customer Support

The dealer’s client assistance group is accessible 24/5, Monday to Friday. You can contact them by email at support@globalprime.com, telephone at +61 (2) 8379 3622, or straightforwardly through the live visit. The site additionally offers explicit email tends to be dependent on detailed questions.

Global Prime has two recorded office networks on their site:

Global Prime Address (Head Office)

Global Prime PTY Ltd
Suite 604
35 Grafton Street
Bondi Junction
Australia

Global Prime FX Address

Global Prime FX
Govant Building
BP 1276
Port Vila
Vanuatu

Security

Global Prime is a straightforward and genuine intermediary, giving robotized exchange receipts that detail fill speed, slippage, spread, and liquidity supplier. The organization is additionally direct about how they produce pay through commissions, trades, and interest. What’s more, the MT4 stage gives cutting-edge encryptions, secure logins, and industry-standard information protection.

Global Prime Verdict

Global Prime offers promising stages for dealers, everything being equal. While the intermediary doesn’t provide the most extensive instruments, it gives severe driving sets and lists spreads. The agent is likewise managed, and its degree of safety and straightforwardness is excellent. In general, we’re happy with prescribing Global Prime to our dealers, especially experienced financial backers searching for state-of-the-art exchanging instruments.

Accepted Countries

Global Prime accepts traders from Australia, Thailand, Canada, 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 can not use Global Prime from the United States.

Alternatives to Global Prime

If you are searching for options in contrast to Global Prime, we have aggregated a rundown of the best 5 dealers like Global Prime beneath. This rundown of merchants like Global Prime is arranged by closeness and incorporates organizations that acknowledge dealers from your area.

1. OctaFX – OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
2. FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.
3. RoboForex – RoboForex is a multi-asset online broker offering powerful trading aides.
4. FBS – FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
5. Admiral Markets – Admiral Markets is the leading Forex and CFD broker offering the MT4 & MT5 platforms

FAQ

Is Global Prime regulated?

Indeed, Global Prime is authorized and managed by the Australian Securities and Investments Commission (ASIC) under permit number 385620, the Vanuatu Financial Services Commission (VFSC) under permit number 40256, and the Seychelles Financial Services Authority (FSA) under permit number 8426189-1.

Does Global FX offer a demo account?

Indeed, Global Prime offers a demo account where you can put mimicked exchanges, investigate stage provisions, and test procedures without gambling genuine cash.

How much capital do I need to trade with Global Prime?

The first-time base store for a Global Prime record is AUD 200. A base store of USD 10,000 is needed to get FIX API access, and it accompanies a USD 2,000 month-to-month commission.

Is Global Prime a good broker?

Global Prime is a genuine specialist that keeps guidelines and practices excellent monetary administration. The organization additionally offers serious tight spreads and offers respectable exchanging stages. Combined with more extended than a time of involvement, its instructive devices imply contributing with Global Prime.

Is Global Prime a trustworthy broker?

Global Prime is a controlled and believed representative with positive client audits. Customer reserves are likewise held in isolated level 1 records. They additionally guarantee straightforwardness, giving exchange receipts. Moreover, its moral managing model means it doesn’t benefit from customer misfortunes.