Global Prime Review 2025

Pros

• Several deposit options available at no cost.
• ECN account
• Invest from a variety of over 150 assets, including crypto.
• 24/7 customer support
• Fast trade execution with a latency as low as 10ms.

Cons

• No MetaTrader 5 integration
• US and Canada-based clients are not eligible for trading services.
• Limited account choices for trading.

Global Prime excels in trading with forex, CFDs, and commodities. The broker provides low-latency connections to tier-1 bank liquidity, ensuring fast and reliable trading. Our review covers their spreads, commissions, and leverage, as well as the process of opening a live account. Consider these factors to decide if registering with Global Prime is right for you.

Company Details

Global Prime, founded in 2010, is based in Australia and serves both retail and institutional traders globally. They offer widely used platforms like MT4, TraderEvolution, and FIX API, covering various assets such as forex, CFDs, and commodities. Known for fast execution, their ECN provides direct access to over 26 liquidity providers. The Global Prime Group comprises entities in Australia, Vanuatu, and Seychelles, regulated by ASIC, VFSC, and FSA. Their leadership team has over 80 years of combined trading experience. Global Prime’s investing services are used in 196 countries, excluding the United States. Their head office is in Australia.

Ethical Dealing Model

Global Prime is committed to an ethical dealing model, connecting clients to markets instead of trading against them. Most brokers use B-books models, profiting at clients’ expense.

Trading Platforms

Global Prime stands out with three platforms: MetaTrader 4, TraderEvolution, and FIX API.

MetaTrader 4

MT4 is popular among forex traders for its advanced charting and automated trading features. Both new and seasoned traders will find it suitable for institutional-style trading and scalping. Key features include:

• Automated trading
• Backtesting capabilities
• Options for customization
• Compatibility with thousands of plugins

MetaTrader 4 can be accessed on Windows, Mac, Web, iOS, and Android.

To place an order:

1. Download MT4 and log in or use the web terminal
2. Choose a new chart and asset
3. Select the new order icon
4. Input trade details and set preferences
5. Click sell or buy to proceed

TraderEvolution

TraderEvolution suits pros needing advanced order entry, analysis, and algorithmic trading. It offers customizable charts, market depth views, and swift executions. Get the benefits of MT4 with added pricing transparency and features like level 2 pricing and DoM trading. Available on Windows, iOS, and Android.

FIX API

FIX API is for those deploying proprietary algorithms with minimal latency. It’s perfect for experienced traders seeking real-time server connections with flexible programming options. For convenience, trades sync to MT4 or TraderEvolution accounts. A significant deposit and monthly fee apply, but negotiating is possible with Global Prime support.

Global Prime Assets

Explore over 100 markets with Global Prime, offering diverse trading options:

• Forex – trade currency pairs like GBPUSD and EURUSD
• Cryptocurrencies – engage with BCHUSD, ETHUSD, and LTCUSD
• Commodities – access gold, silver, and platinum
• Indices – invest in Nasdaq 100, Nikkei 225, and FTSE 100
• Bonds – trade stable government bonds

Spreads & Commission

Global Prime offers competitive spreads and low commissions. Spreads start at 0.0 pips, with EUR/USD typical spreads at 0.16 and GBP/USD at 0.75. Spreads for FTSE 100 average 0.84, and those for Nasdaq 100 reach 1. Traders using the ECN account pay commissions on forex and metal trades: 7 AUD, 7 USD, 6.2 EUR, 5.4 GBP, 9.5 SGD, and 9 CAD per standard lot. The company also provides attractive overnight swap rates sourced from the interbank market.

Leverage Review

Global Prime provides leverage from 1:1 to 1:100 without harming profitability. The standard leverage of 1:100 requires a 1% margin. Leverage varies by asset class.

Clients with Global Prime Pty Ltd in Australia, under ASIC, receive negative balance protection. They also offer a 120% margin call level to prevent negative balances. If your balance goes negative, deposit enough to bring it to zero.

Mobile Apps

Global Prime offers efficient mobile access to trading through the TraderEvolution app, available on both Google Play and iOS. It’s free and supports multiple languages. Additionally, traders can use the MT4 app, also free on iOS and Android. While the MT4 app mirrors most web features, it has some charting limitations. However, customer reviews and ratings for these mobile solutions are impressive.

Payment Methods

Global Prime’s client portal handles deposit and withdrawal requests efficiently. The brokerage supports various deposit options, ranging from AUD $1 to $200. All are fee-free but differ in processing times:

• Credit/debit cards (MasterCard & Visa) – Instant
• POLi – Instant
• Skrill – Instant
• Gate8 – Instant
• VNPay – Instant
• PayPal – Instant
• Neteller – Instant
• FasaPay – Instant
• Dragonpay – Instant
• PromptPay – Instant
• Thai QR payment – Instant
• BPAY – 24-48 hours
• Pagsmile – Within 24 hours (business days)
• Bank wire – 1-2 business days (Australia), 3-5 business days (Intl.)

You can deposit in USD, AUD, GBP, EUR, CAD, or SGD. For withdrawals, Global Prime offers Mastercard, Visa, bank wire, and Neteller options. Card payments take 1-10 days, while bank wire takes 1-2 days (AU) and 3-5 days (Int.). Neteller withdrawals are instant once processed.

Global Prime doesn’t charge finance or withdrawal fees but passes on any bank fees to clients.

Demo Account

Global Prime provides a free demo account on its MT4 and TraderEvolution platforms. With $5,000 in virtual funds, traders can safely explore platform features and practice strategies. Regardless of their experience, all traders should try demo accounts. Once comfortable, users can switch to a live account with real money.

Global Prime Bonuses

Explore Global Prime for potential promotions announced on its website or social media. Currently, it only offers a referral program with no additional bonuses.

Regulation Review

Global Prime is a licensed and regulated broker across Australia, Vanuatu, and Seychelles. Global Prime PTY Ltd is under the Australian Securities and Investments Commission (ASIC) with license number 385620. Gleneagle Securities PTY Limited, trading as Global Prime FX, is regulated by the Vanuatu Financial Services Commission (VFSC) with license number 40256. Global Prime FX Ltd is under the Seychelles Financial Services Authority (FSA) with license number 8426189-1.

Seasoned traders might be cautious with VFSC and FSA due to their easy company setup and limited client protection. ASIC, however, is a top-tier regulator. Global Prime undergoes regular independent audits of its finances and compliance with no negative records from regulators, government bodies, or courts.

Additional Features

• Margin Calculator – Global Prime provides a tool for determining position size using currency pair, risk, and stop loss.
• YouTube Channel – Their channel hosts 300+ videos, offering short educational content and podcasts with founders and leaders.
• Trading Academy – All traders can learn from Global Prime’s structured training with experienced mentors.
• Trading Community – Connect with peers and industry mentors through their Discord hangout.
• VPS Offers – Their VPS boosts trade speed and quality; it’s free for clients trading over 20 lots monthly.
• Autochartist Alerts – Enjoy features like market analysis, education, updates, and detailed charts.
• MyFxBook Autotrade – Use their copy trading tool to mimic other traders’ strategies.

– Social Trading

Account Types

Global Prime excels with its ECN Account, providing Individual, Joint, Corporate, and Trust solutions. It offers top execution through 26+ liquidity providers, ensuring quick trades at speeds of 1ms. Enjoy flexible spreads starting at 0.0 pips. A fee model lets you choose between commission-free or spreads + commission. The AUD $7 commission per lot covers FX and metals only. Trading currencies include AUD, USD, GBP, EUR, SGD, and CAD. Starting with them requires only AUD $200, and account setup is a breeze needing proof of identity and address. Keep track of your trading easily with automated trade receipts and manage everything with their convenient client portal.

Trading Hours

Global Prime offers 24/5 trading hours on forex, indices, and commodities, from Monday to Friday. You can check specific market hours on their website or via the MT4 and TraderEvolution platforms.

Customer Support

Global Prime offers impressive customer support available 24/5 from Monday to Friday. Reach them via email at support@globalprime.com, phone at +61 (2) 8379 3622, or live chat. Their support team is knowledgeable and responsive, ensuring traders receive the help they need promptly.

Security & Safety

Global Prime stands out for its transparency, offering automated trade receipts that cover fill speed, slippage, spread, and liquidity provider. The platform ensures secure logins and robust data privacy with high-tech encryption through MT4. They clearly explain income sources like commissions, swaps, and interest. While using Global Prime, security was never a concern.

Global Prime Verdict

Global Prime offers a robust trading environment suitable for all traders. Although its instrument variety is limited, it provides competitive spreads on major pairs and indices. The broker is regulated and transparent about client security and follows an ethical trading model. We recommend Global Prime, especially for seasoned investors seeking advanced trading tools.

Alternatives To Global Prime

These similar brokers are the highest rated alternatives to Global Prime.