Global Prime review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared Global Prime with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders. Global Prime legally operates in Australia thanks to ASIC license.


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/
Readers' rating0 Votes
0
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)
Account currencies: USD, AUD, GBP, EUR, SDG, CAD
Demo account: Yes
Mobile app: Yes
MetaTrader 4:Yes
Social trading:No

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/USDGBP/USDUSD/JPYEUR/GBPUSD/CHFEUR/JPY
0.2

* Spread was taken 17.5.2019 at 12:31 from the web or trading platform of Global Prime.

Random reviews of competing CFD brokers: StarkMarkets, IronFx, RexorInvestments and NessFX

The broker has not yet been rated by the visitors of the website. Write a review.

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.

Is this an ad?

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.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating98 Votes
82
100 EUR 0,8pips
Spread was taken 10.03.2021 at 10:18 from the web or trading platform of Admirals.
MT4, MT5, MT Supreme EditionFCAASIC CySecadmirals.comreviewEUR/USD*: 0,8pips
Spread was taken 10.03.2021 at 10:18 from the web or trading platform of Admirals.
Readers' rating58 Votes
72
200 USD 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
In-house built platform FCAASICCySecetoro.comreview EUR/USD*: 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
Readers' rating120 Votes
75
100 USD 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
In-house built platformFCAASICCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.

* 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 Admirals 75% of retail CFD accounts lose money - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

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 review & user ratings

Forum, opinions and user reviews

  1. AJ says:

    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.

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Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
Spread and fees
Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
Customer support speed, availability, availability in the language you speak
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