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 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 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

■ 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 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 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

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

► Global Prime MT4 Account

 

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) √ 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

 

 

■ GLOBALPRIME.com Review

TradingCenter.org (c)