GLOBALPRIME Review

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Global Prime is an Australian-based ECN Forex broker with over 20 liquidity providers. It offers tight spreads, a wide range of assets, and leverage up to 30:1. Automated trading, scalping, and hedging are all allowed. Global Prime also provides FIX/API access and free VPS hosting for automated traders.

■ Foundation: GLOBAL PRIME was founded in 2010

■ Headquarters: GLOBAL PRIME is based in Sydney, Australia

■ US Residents: GLOBAL PRIME forbids traders from the U.S. -NO-

■ Regulated: The Global Prime group is regulated by AFSL Australia (No 385620), VFSC Vanuatu, and FSA Seychelles

■ Client Bank Account Segregation: Client money is held in segregated Client Trust Accounts with Westpac Bank -YES-

■ Website Language: only English

■ Customer Support: 24/5 via Phone, LiveChat, and email

GLOBAL PRIME REVIEW SUMMARY

■ Broker Type: ECN Broker

■ Liquidity Providers: 20+ (LMAX, Currenex, Fastmatch, Gain GTX, and more)

■ Trading: Forex Currencies, Equities, Commodities, and Cryptocurrencies

■ Platforms: MetaTrader-4 for Windows, MAC, iOS, and Android, plus a WebTrader. TraderEvolution for institutional traders

■ Trading Time Zone: GMT+3

■ Demo Account: YES

■ Spread on EUR/USD: average spread 0.1 pip plus $7 commissions per full traded lot ($100,000)

■ Leverage: The maximum trading Leverage is 30:1

■ Scalping/Hedging: Fully allowed

■ Free VPS: YES (minimum 20 lots monthly volumes)

■ PAMM/MAM Accounts: NO

■ Minimum Account: $200

💱 GLOBAL PRIME TRADING ASSETS

Currently, GLOBAL PRIME offers the following assets:

■ 48 Forex Pairs

■ 5 Cryptocurrencies (Bitcoin, Ripple XRP, Bitcoin Cash, Litecoin, and Ethereum)

■ NASDAQ, S&P 500, and 11 more indices

■ 18 Commodities

GLOBAL PRIME TRADING SPREADS

These are the basic Global Prime spreads, according to the available pricing on their platform:

 

■ EURUSD spread: 0.1 pip on average, plus $7 commissions (per full-traded standard lot)

■ USDJPY spread: 0.4 pip on average, plus $7 commissions (per full-traded standard lot)

■ GBPUSD spread: 0.60 pip on average, plus $7 commissions (per full-traded standard lot)

Note: Only variable trading spreads are available by GlobalPrime

  

GLOBALPRIME.COM TRADING PLATFORMS & MOBILE

 

GLOBAL PRIME NEW ACCOUNT INFORMATION

Minimum Account: The minimum required deposit amount to open an account with GLOBAL PRIME is just 200 USD

	STANDARD ECN	INSTITUTIONAL
Minimum Deposit	$200
Minimum Trading Requirements	NO	2,000 USD commissions per month requirement
Trading leverage	30:1
Platforms	MetaTrader-4 in several versions	MT4, TraderEvolution, Skout
FIX/API	YES
Free VPS	YES (minimum 20 lots monthly volumes)
Minimum Spreads	0.1 pip average spread on EURUSD
Trading Commissions	$7.0 per full-traded lot	The commissions may be negotiated

GLOBAL PRIME Deposit/Withdrawal Methods:

■ Bank Wire

■ Credit/Debit Cards (VISA/Mastercard)

■ Internet Wallets (Skrill, Neteller, FasaPay, BPay, and many more)

■ No Fees on Deposits or Withdrawals

Account Currencies

• 6 base currencies: USD, EUR, GBP, AUD, CAD, and SGD 

 

GLOBAL PRIME CORPORATE INFORMATION

 

⚖️ GLOBAL PRIME REVIEW PROS AND CONS (According to competition)

GLOBAL PRIME REVIEW PROS & CONS
GLOBAL PRIME REVIEW PROS (√)	GLOBAL PRIME REVIEW CONS (X)
√ Tight trading spreads starting as low as 0.1 pips (plus $7 commissions per full traded lot) √ Tight deposit requirements for ECN accounts (only $200) √ A wide range of financial markets, including 48 Forex pairs, cryptocurrencies, commodities, and 13 different indices √ FIX/API trading, plus a free VPS for automated trading √ Supports ZuluTrade and MyFXBook trading signals √ Equinix NY4 (New York) tech and platform hosting (average fill times of just 30ms) √ Accounts in 6 base currencies: USD, EUR, GBP, AUD, CAD, and SGD	X Lack of regulation for GlobalPrime's offshore entities X Only MetaTrader-4 for the ECN account X Not good support for non-English speakers

 

 

🏁 Global Prime Review Conclusions:

Founded in 2010, Global Prime is a regulated Australian ECN broker. It offers a wide range of trading assets, including 48 Forex pairs, 13 indices, 5 cryptocurrencies, and 18 commodities. For common ECN accounts, only MetaTrader 4 is available, in several versions for desktop and mobile. Institutional traders can use the TraderEvolution platform, which specializes in volume analysis and algorithmic trading.

Scalping and hedging are fully allowed, and Global Prime claims to be one of the fastest Forex brokers. It also provides free VPS hosting for automated traders with a minimum monthly volume of 20 lots. Spreads are tight, starting as low as 0.1 pip on EUR/USD, with $7 commission per fully traded standard lot. The minimum deposit is $200 for all account types.

□ There are two main account types: the ECN and the Institutional account type (requires $2,000 in monthly commissions)

Maximum leverage is 30:1. Accounts can be funded via card, wire transfer, Skrill, Neteller, FasaPay, and more. Accounts can be opened in six currencies: USD, EUR, AUD, CAD, GBP, and SGD.

• Overall, Global Prime is a competitive ECN broker focused on professional and automated traders. Note that there is a lack of regulation for GlobalPrime's offshore entities.

🔗 Website: https://globalprime.com

 

 

■ GLOBALPRIME.com Review

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