Review and Compare Brokers and Providers...

GlobalPrime ECN Forex Broker Review

GLOBAL PRIME WEBSITE

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

 

GLOBALPRIME Review

Foundation: GLOBAL PRIME was found 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 the 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

GLOBAL PRIME MT4 & MT5■ 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 max trading Leverage is 30:1

Scalping/Hedging: Hedging and Scalping are fully allowed

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

■ PAMM/MAM Accounts: NO

■ Minimum Account: $200

GlobalPrime Real Trading Account

 

GLOBAL PRIME TRADING ASSETS

Currently, GLOBAL PRIME offers the following assets:

48 Forex Pairs

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 in their platform:

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

GLOBAL PRIME USDJPY spread is 0.4 pip on average, plus $7 commissions (per full-traded standard lot)

GLOBAL PRIME GBPUSD spread is 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 provides the classic MetaTrader-4 platform in several versions for desktop and mobile computers:

■ MetaTrader-4 desktop for PC and MAC

■ MetaTrader-4 WebTrader

■ iOs and Android versions of MT4

■ Free VPS for Automated Trading (Requires a minimum monthly volume)

■ Supports ZuluTrade and MyFXBook trading signals

Basic Features

  • Equinix NY4 (New York) tech and platform hosting + cross-connects to trading counterparties for the lowest latency
  • Average fill times of just 30ms

TraderEvolution Platform (for institutional traders)

TraderEvolution is a multi-asset trading platform designed for institutional and large retail traders who need advanced functionality for entry orders and multi-level volume analysis.

  • Algo trading
  • The same pricing and execution as on the MT4 platform
  • Advanced features
  • Greater transparency over the available liquidity (Level-2 pricing)
  • DoM trading and Volume analysis

 

 

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 is 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

Global Prime MT4 Account

 

GLOBAL PRIME CORPORATE INFORMATION

Main Offices and Contact Information

Suite 604, 35 Grafton Street, Bondi Junction, Australia

  • 24/5 Phone General: +61 (2) 8379 3622
 
Client Account Segregation
  • Client money is held in segregated Client Trust Accounts with Westpac bank, an AA rated Australian bank regulated by APRA and ASIC.
 
Legal, Compliance, and other information

GlobalPrime includes three legal entities:

  • Global Prime Pty Ltd, ABN 74 146 086 017, Global Prime holds an Australian Financial Services Licence (AFSL) to carry on financial services business in Australia, limited to the financial services covered by its AFSL no.385620.
  • Gleneagle Securities PTY Limited trading as Global Prime FX is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC.
  • Global Prime FX Ltd is a registered Seychelles company (Company Number 8412189-1) and holds a Securities Dealers Licence SD057 issued by the FSA.

 

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)

√ Deposit and withdraw funds via a wide variety of payment methods such as cards, Skrill, Neteller, FasaPay, and more

√ 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

√ Hedging and scalping are fully allowed

√ 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 Only MetaTrader-4 for simple ECN accounts

X Supports only English

 

Global Prime Review Conclusions:

Founded in 2010, Global Prime is a regulated Australian-based ECN broker. The broker offers a wide selection of trading assets including 48 Forex pairs, 13 Indices, 5 cryptocurrencies, and 18 commodities. As concerns platforms, only MetaTrader-4 is available for common ECN accounts, in several versions for desktop and mobile devices. As concerns institutional traders there is the TraderEvolution platform that specializes in volume analysis and Algo trading.

Scalping and hedging are fully allowed, and GlobalPrime claims to be one of the fastest Forex brokers in the market. Global Prime provides also a free VPS hosting service for auto-traders for a minimum monthly volume of 20 lots. Global Prime offers tight trading spreads starting as low as 0.1 pip on EURUSD, plus $7 trading commissions per full-traded standard lot. As concerns trading accounts, the minimum deposit is just $200 for all account types. There are two main account types:

  • ECN
  • INSTITUTIONAL (2,000 USD commissions per month requirement)

The max trading leverage is 30:1. You can fund your trading account via cards, wire, Skrill, Neteller, FasaPay, and more. You can open an account in 6 different currencies (US Dollar, Euro, Australian dollar, Canadian dollar, Great Britain pound, and Singapore dollar). Overall, Global Prime is a very competitive ECN Forex broker focused on professional traders and automated-traders.

► GlobalPrime Real Trading Account

 

L MORE REVIEWS

• COMPARE

Forex Brokers Comparison □ CFD Brokers       Expert Advisors (EAs)

• ECN BROKERS

 Axi Review  Global Prime Review ► MultibankFx Review  FXTM Review ► IC Markets Review

 LQDFX Review

• STP BROKERS

 IronFx Review  JustForex Review ► FBS Review  RoboForex

 FXCC Review

 FP Markets Review

• MARKET MAKERS

 Capital          

 

GLOBALPRIME.com Review

TradingCenter.org (c)

Pin It

About TradingCenter

TradingCenter provides essential information and tools for learning and trading the Global Financial Markets. TradingCenter helps investors to improve their skills and their level of understanding regarding core mechanisms of the trading process.

© (2012-2021) TradingCenter.org by Qexpert.com

Search