Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from Global Prime review
About the broker
| Web: | https://www.globalprime.com/ |
| License: | ASIC |
| Supported languages: | English |
| Year of foundation: | 2010 |
| Headquarters: | Suite 604, 35 Grafton Street Bondi Junction Sydney, NSW, 2022, Australia |
| Methods of contacting customer support: | E-mail, phone, online chat |
| Contact: | support@globalprime.com +61 (2) 8379 3622 |
| Deposit methods: | Bank transfer, Debit and Credit Cards, Skrill, Neteller, |
| Withdrawal methods: | Bank transfer, Debit and Credit Cards, Neteller, |
About trading with Global Prime
| Minimum deposit: | 1 USD |
| Min. trade: | 0.01 |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:200 |
| Spreads: | Look at the spread table - spread on the currency pair EUR/USD is 0.2 pips * on a standard account type |
Underlying assets: Might be a CFD. | Forex (50), indexes (10), cryptocurrencies (5) |
| Base currencies: | USD, AUD, GBP, EUR, SDG, CAD |
| Demo account: |  |
| Mobile app: | |
| MetaTrader 4: | |
| Social trading: |  |
Spreads & fees
Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at Global Prime, of course you can find current info on their website https://www.globalprime.com/.
Spreads at Global Prime on standard account*
| EUR/USD | GBP/USD | USD/JPY | EUR/GBP | USD/CHF | EUR/JPY |
|---|---|---|---|---|---|
| 0.2 |
* Spread was taken 31.05.2019 at 14:45 from the web or trading platform of Global Prime.
Random reviews of competing CFD brokers: ProfiForex, CDOMarkets, Exness and ActivTrades
Frequently Asked Questions
🧐 Is Global Prime a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if Global Prime is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with Global Prime is very simple, just register on their website.
📱 Does Global Prime offer the best mobile app for trading?
Global Prime offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the Global Prime mobile app.
⚖️ Would you recommend me Global Prime?
Global Prime is one of tens (possibly hundreds) of brokers operating in Australia, and that's why it makes no sense to choose Global Prime as a broker where you trade before you compare it with competitors.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of XTB. 74% of retail investor accounts lose money when trading CFDs with this provider |
 | | 100 USD | 0.8 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Plus500. 80% of retail investor accounts lose money when trading CFDs with this provider |
* The spread is variable for most brokers and changes depending on market volatility.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with Global Prime, please share it in the comments to help others to choose the suitable broker.
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.