Global Prime Forex Review
What is Global Prime?
Global Prime, an Australian broker, has created its offering so that there is no need to search for anything else. The company offers a regulated trading platform with a sophisticated execution system based on STP connectivity. This model brings powerful platforms and copy trade capabilities all with tight spreads.
Broker: Global Prime
Minimum deposit: 200 US$
Regulator: ASIC
Year: 2010
Platforms: MT4
HQ: Australia
Global Prime Licenses:
Global Prime Pty Ltd - Authorized by ASIC Australia registration ABN 74 146086 017 AFSL 146086 017
Global Prime was established in 2010 and has been serving clients since then. It currently serves over 120 countries. Global Prime uses 20 liquidity providers to ensure the best quotes. Global Prime also trades large volumes across the continents.
Overview
Global Prime is a trusted broker that offers comprehensive trading options suitable for professional traders or active traders. There is DMA, a low commission cost, advanced instruments, auto trading, and good research.
Negative points include the high deposit and lack of education.
Pros
Platforms for advanced traders
Wide range of deposit options
Segregated client funds
ECN accounts
VPS
Cons
Regulatory bodies, VFSC and FSA, are not reputable
US and Ontario clients are not accepted
Limited number of non-FX instruments
No MT5 platform
Rating of the company overall
Reliability ⭐⭐⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐
Support ⭐⭐⭐
Financial instruments ⭐⭐⭐
RATING: 3.5
Global Prime: Safe or scam?
Global Prime is not authorized by ASIC of the highest tier and has an AFSL license that allows for low-risk trading.
Global Prime, a regulated broker . This is required to ensure market integrity and offer tailored trading capabilities in a safe trading environment. The link will take you to more information about why ASIC brokers are recommended.
This is essential to ensure market integrity and offer tailored trading capabilities in a safe trading environment. The link will take you to more information about why ASIC brokers are recommended.
defining Global Prime as your broker will give you peace of mind. Your money will be kept within the necessary rules. You can also count on ASIC support and monitoring your trading conditions.
In the event of violence or misleading of clients, firm and operation may be subject to heavy fines. Traders are responsible for ensuring their safety. Unregulated firms are not subject to this, since they only operate in the way they believe is best, which can be extremely risky.
Trading with a broker who is recognized worldwide is the best way to choose a broker.
Instruments
Global Prime has been praised for its achievements over time, and traders are generally satisfied with the service they receive.
Global Prime allows you to choose Forex, CFD, and Cryptocurrency Instruments at competitive prices. You can also design your best strategy, manage the social trading account (MAM, PAMM, ) and find the best way for an institution.
Leverage
The leverage levels are also important in our Global Prime review. Even though the broker is an Australian company, it still provides high leverage for your benefit. ASIC, unlike other regulators around the world that have already restricted high ratios because of the potential for multiplying risks, allows it.
You should therefore learn how to leverage effectively to maximize the benefits and minimize potential risks. For certain Forex instruments, you can set leverage up to 1:100 for retail traders who have Global Prime accounts.
Types of accounts
Global Prime makes it easy to choose and manage one account. Global Prime allows you to connect all your solutions into one online feature. You also have full account management options and the possibility of Global Prime.
Fees
Global Prime fees are maly integrated into a commission fee that depends on how many you operate. You should also consider fees such as rollover, funding, and inactivity. See the fee table below.
Global Prime spread
Global prime Review refers to spread or charges waived by brokers. Global prime mainstays are based on the low spread, raw offering and USD spread.plus the $7 Commission per 100k turnwhich makes it very competitive and pleasant in the industry.
Some spreads may be visible above. You can also compare Global prime spreads to other popular brokers Blackball Markets.
Global Prime rollover
Remember to always think rollover as a cost. It is charged for positions that are held longer than one day and is defined by each instrument individually. You may also find some of these examples.
What payment methods does Global Prime offer you?
Global Prime allows you to open an account in your base currency. This makes it easier to withdraw or deposit money. You can also choose to pay with Debit/ Credit Cards, Neteller and Skrill, Wire Bank Transfers or BPay.
Global Prime minimum deposit
Global Prime minimum deposit $200. This amount will allow for you to begin while you further review the required margins and other conditions. E.g. Maintaining a master Myfxbook account requires a minimum 1,000$
Global Prime withdrawal fee
Global Prime withdrawal options include popular Bank Transfer and Credit Card. There are also no fees for deposits or withdrawals. However, it is a good idea to check with your payment provider whether there are charges for international transfers.
Global Prime withdrawal fee
Global Prime withdrawal options include popular Bank Transfer and Credit Card. There are also no fees for deposits or withdrawals. However, it is a good idea to check with your payment provider whether there are charges for international transfers.
Trade Platforms
Global Prime referred to its platform as the most trusted Forex platform MetaTrader4 because of its excellent trading environment that is suitable for beginners and professionals. There are three execution models at MT4 along with various versions of a platform that can be used on different devices, such as an App for smartphones.
Global Prime also provided the platform with additional add-ons, analytic objects, and technical indicators for no cost. There are no restrictions on algorithmic trading, or using EAs.
The Global prime solution allows you to trade with custom liquidity and fast execution. It also includes unparalleled software that provides all the necessary performance.
AutoTrade
You can also automate your trading using social trading capability that allows you to copy other traders directly into your Global Prime account. This is possible with the industry-leading system Myfxbook, which has proven its reliability and is used by many global traders as a copy trader or master trader.
This is a fantastic opportunity for traders who are just starting out, since you can choose from over 40 systems, thousands of professional investors, and may also be able to copy them. Reverse advanced traders might operate larger accounts and may receive commissions.
Conclusion
Global Prime Review is a great balance between the trading options and the overall conditions. Any trader can find their way to trading via social trading or using robots. Being a licensed Australian broker can help you feel calm knowing that your investment is secure. traders can trade with Global Prime, which offers a wider range of products in a conflict-free environment using STP technology.