Score
Global Prime
Australia|10-15 years| https://www.globalprime.com/
Website
Rating Index
Influence
Influence
A
Influence index NO.1
Germany 4.84Contact
Licenses
Licensed Institution：FMGP TRADING GROUP PTY LTD
License No.：385620
Single Core
1G
40G
1M*ADSL
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
Basic information
Australia
Account Information
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
Most visited countries/areas
Israel
Australia
globalprime.com
Server Location
United States
Website Domain Name
globalprime.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2003-03-27
Server IP
13.224.174.110
-
globalprime.com.au
Server Location
Australia
Most visited countries/areas
Website Domain Name
globalprime.com.au
Website
WHOIS.AUDNS.NET.AU
Company
AU-NIC
Server IP
52.62.210.156
Genealogy
VIP is not activated.Company Summary
| Registered in | Australia |
| Regulated by | ASIC |
| Year(s) of establishment | 10-15 years |
| Trading instruments | Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, bonds |
| Minimum Initial Deposit | No minimum deposit |
| Maximum Leverage | 1:100 |
| Minimum spread | Tight spreads |
| Trading platform | MT4 and TradingView |
| Deposit and withdrawal method | Paypal, Mastercard, Visa |
| Customer Service | Email/phone number/address |
| Fraud Complaints Exposure | Yes |
Global Prime Review
Global Prime is a brokerage firm registered in Australia and regulated by the ASIC. With a history of 10-15 years, the broker offers a diverse range of trading instruments, including currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, and bonds.
There is no minimum deposit requirement, allowing flexibility for traders. The broker provides a maximum leverage of 1:100 and offers tight spreads to enhance trading conditions. Trading is facilitated through industry-standard platforms like MetaTrader 4 (MT4) and TradingView. Global Prime supports multiple deposit and withdrawal methods, including PayPal, Mastercard, Visa. There have been instances of fraud complaints exposure, which is something potential traders should consider.
Regulatory Status
Global Prime is currently regulated by the Australian Securities and Investments Commission (ASIC) and holds a Market Making (MM) type license with license number 385620.
Market Instruments
Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, bonds .....Global Prime allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Global Prime.
Spreads and Commissions
In Global Prime, the spreads are shown in a separate page and the commissions are 7 USD per lot. We can see that the minimum spreads for major forex pairs are 0.0 pips.
Account Types
Demo Account: Global Prime provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: Global Prime only provides one type of ECN account, the commission is 7 USD per lot, no minimum deposit and spreads are tight.
Trading Platforms
When it comes to trading platforms, Global Prime provides MT4 and Tradingview, both are among the most popular platforms in the world. The clients may choose the one they prefer freely.
Leverage
The maximum leverage offered by Global Prime is only 1:30 or 1:100, which may seem too low to you. In reality, those leverage of up to 1:500 or even 1:1000 are all from unregulated or offshore regulated brokers, and as we know, offshore regulation is much less strict regulation. For brokers that are formally regulated by the major regulatory bodies, they can only offer leverage of 1:30 or 1:50 at best, which is sufficient for the novice Forex trader. Lower leverage reduces the potential gains on trades, but more importantly, it reduces much of the risk. We recommend that you always keep your account risk at 2% or less.
Deposit & Withdrawal
In terms of deposit and withdrawal, like many good brokers, Global Prime provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc.
Educational Resources
A series of educational resources is available at Global Prime, such as autochartist alerts, economic calendar, market opportunities, chrome extender, VPS, autotrade, pip calculator, etcetera.
Customer Support
Global Prime offers comprehensive customer support tailored to meet the needs of its diverse client base. Here are the key details regarding their customer service offerings:
- Languages Supported: English and Portuguese, accommodating a broad range of clients.
- Service Hours: Available 24 hours a day, 5 days a week, aligning with global forex market hours.
- Email Support: Clients can reach out for assistance via email at support@globalprime.com.
- Phone Support: For direct communication, clients can call +61 (2) 8379 3622.
- Physical Addresses:
- Australia: Global Prime PTY Ltd (ABN 74 146 086 017), Suite 504, 35 Grafton Street, Bondi Junction, Australia.
- Vanuatu: Global Prime FX (Company Number 40256), Govant Building, BP 1276, Port Vila, Vanuatu.
- Social Media Presence: Global Prime maintains an active presence on several social media platforms including Facebook, LinkedIn, YouTube, and Twitter.
FAQs
Is this broker well regulated?
Yes, it is currently effectively regulated by ASIC.
What trading instruments are available?
You can trade a variety of instruments including currency pairs, indices, commodities, metals, energy products, cryptocurrencies, stocks, and bonds.
What is the minimum initial deposit required to open an account?
There is no minimum deposit required to start trading.
What is the maximum leverage offered?
The maximum leverage offered is 1:100.
Keywords
- 10-15 years
- Regulated in Australia
- Market Making(MM)
- Regional Brokers
- High potential risk
News
News WIKIFX REPORT: Global Prime tackles major Forex pain point with automated trade receipts
Australian-based Global Prime (www.globalprime.com) has addressed one of the biggest pain points for CFD providers by making automated trade receipts available to its clients. The release is designed to empower trades with unparalleled visibility over the performance of the execution of their trades.
2022-05-27 12:07
News WIKIFX REPORT: TradingView welcomes Global Prime to list of supported brokers
Global Prime is the latest broker to be integrated at TradingView.
2022-05-27 12:01
News WIKIFX REPORT: Global Prime Partners BidFX To Reduce Overnight Funding Rates By Over 50%
Australian-based Global Prime (www.globalprime.com) partners with institutional FX solutions provider BidFX to expand and centralise access to the interbank funding market. The solution has reduced overnight funding rates (swaps) for its retail and institutional clients by over 50%.
2022-05-27 11:57
News WikiFX report: Global Prime secures brokerage mandate with IPGL
Global Prime Partners has been appointed as prime broker to private investment firm IPGL.
2022-04-18 15:03
News Global Prime Review - Forex Trading Ratings 2021
Global Prime is an Australian based ECN broker offering leveraged forex and CFD trading. See our review for minimum deposits, fees, regulations and more.
2021-12-16 10:37
News Global Prime Broker Review
An ECN broker, Global Prime is a trustworthy and well-regulated broker. It offers competitive, variable spreads on two live accounts and charges no commissions, inactivity, withdrawal, or deposit fees.
2021-12-08 17:12
Review 9
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FX3028049359
Philippines
Global Prime notified me less than 48 hours before the ASIC Product Intervention Order took effect (which significantly reduced retail traders leverage), resulting in me losing nearly $15,000 in my account. ASIC announced the change 5 months ago. but I was told about it on Thursday afternoon. They said I could either deposit $100,000 to cover the leverage reduction that would take place in the next couple of days, or my account would easily go into margin call and pretty much all my open trades would be closed. And Now I just lost $1,5000.
Exposure
2021-09-09
FX3958196252
Australia
Global Prime notified me less than 48 hours before the ASIC Product Intervention Order took effect (which significantly reduced retail traders leverage), resulting in me losing nearly $15,000 in my account. ASIC announced the change 5 months ago. but I was told about it on Thursday afternoon. They said I could either deposit $100,000 to cover the leverage reduction that would take place in the next couple of days, or my account would easily go into margin call and pretty much all my open trades would be closed.
Exposure
2021-06-14
jewhdi
New Zealand
Would be better if the charts were New York close charts.
Neutral
05-17
寒风
South Africa
Horrible customer support! When I asked them when to process my withdrawal request, they were so impatiently, asked for to wait. I quarreled with them, and they directed closed my account! Jerks, go to hell！
Neutral
2023-02-16
阿牧童
Hong Kong
This Global Prime features tight spreads, great support, good enough for manual trading, yet lack of deposit options… don’t go there for scalping, same slippage as any other broker. More importantly, once you make a deposit, it is hard to get your money back. Take care, guys!
Neutral
2022-11-18
Dreckyu
Cambodia
Global Prime has a wide range of payment options and a transparent commission structure. They make it easy to understand the costs involved in trading, which is great for beginners and experienced traders alike.
Positive
07-17
李娜娜
Singapore
A very old clients of Global Prime, trading with this broker is definitely a good choice. What impressed me most was its responsive customer support, always helping me to fix my problems. I would like to give it 10 stars!
Positive
2023-02-20
萍27370
Argentina
In my eyes, Global Prime is a good online forex broker, as it offers attractive conditions, with low spreads and reasonable commission. Also, the customer service they offer is fantastic. I get a quick response and my issues are resolved quickly.
Positive
2022-11-24
文章
Hong Kong
Trading for last consecutive year on a part time basis. Trading is convenient however i found out that you need to learn it first before you start making money with trading. Global Prime have multiple choices of assets, commodities, currency pairs etc with little spreads on mt4 platform. Get started with a demo account and then you can choose to open a live account or just leave away.
Positive
2022-11-16