Global Prime review - regulations, trading platforms, broker features, and user ratings.
5 star review by Anand R Avakanvar, Australia
What is Global Prime?
Global Prime is an Australian forex broker established in 2010 and regulated by ASIC (Australia) and VFSV (Vanuatu).
Global Prime offers popular MT4 trading platform as well as Trader Evolution Desktop, and Trading View platforms.
GlobalPrime trading instruments include over 40 forex currency pairs, cryptocurrencies including Bitcoin, Ethereum, as well as commodities, stock indexes, and individual stocks as CFDs.
GP broker supports all trading styles including news spike trading, expert advisors, and scalping. Global Prime is connected with ZuluTrade, supports MyFxBook CopyTrade and provides Demo accounts for strategies testing.
Please read Global Prime reviews below and share your live trading experiences with this broker.
|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$200|
|Address:||Level 10, 627 Chapel St, South Yarra, Victoria, Australia, Australia|
|Contact:||email@example.com, 61 (2) 8379 3622|
|Regulators:||ASIC #385620, VFSC #40256|
|Trading platforms:||MT4, WebTrader, Desktop Terminal, MobileTrader (MobileApp)|
|Web Trading:||✅ Yes|
|Mobile Trading:||✅ Yes|
|Cryptocurrencies:||Bitcoin, Litecoin, Ethereum|
|CFD:||(25+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities, ETF|
|News Trading:||✅ Yes|
|Copy Trading:||✅ Yes|
|Deposit Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, AccentPay, Boleto, BPAY, Dragonpay, FasaPay, Local Bank Deposits, Local Bank Transfers, Neteller, PayPal, Poli, QR Payment, SEPA (Single Euro Payments Area), Skrill, Zotapay|
|Withdrawal Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill|
Recent User Reviews of Global Prime
Loss caused by connection error in GlobalPrime Real Account, with proof
Investor: xruz2ww (Copy signal)
Real Account GlobalPrime: 978701 Logs: (file: 20220524.txt)
1 14:04:05.875 '978701': connect failed [No connection]
1 14:04:06.047 MQL5.community: authorization failed
1 14:04:08.597 MQL5.community: authorization failed
0 14:05:47.476 '978701': login on GlobalPrime-Live through Main IP (ping: n/a)
0 14:05:51.508 '978701': previous successful authorization performed from 18.104.22.168
0 14:06:19.163 '978701': auto connecting to a better access point Main DNS (ping is 176.83 ms)
0 14:06:20.519 '978701': login on GlobalPrime-Live through Main DNS (ping: 176.83 ms)
0 14:06:22.414 '978701': previous successful authorization performed from 22.214.171.124
1 14:10:56.431 '978701': connect failed [No connection]
Be careful, I lost 1/4 of my salary trying to recover the loss caused by his mistake.
Great Platform and Customer Service
The team has a unique and personal approach to customer service. I am always confident that any issue that may come up will be handled quickly and as efficiently as possible. Thanks GP!
First 10 withdrawals
Apr 7, 2022 - 5 Stars I received first withdrawal today. Support is the best. No other broker offers such friendly support. I have some problem with swaps as they don't offer Islamic account due to being pure ECN. I do hope I will go for years and years with GP.
Nice trading experience and top class support
Honest and They are not against us!
Simply the greatest broker of all time
In addition, customer service is responsive and actively responds to our concerns.
So I recommend it 1000%. for all those who are still hesitating, go for it, you won't regret it.
Thank you so much Global Prime for the great service you made to your client.
Thank you also to Jeremy who always Inspired Traders to be positive and profitable.
God bless us all.
Great support team
In the end, it turned out to be the bank's fault.
Mar 2, 2022 - 1 Star It has been more 19 days since I requested a withdrawal via card, max time to get the money back in my card was 10 days.
They say i should talk to my bank and gave me ARN codes, but my bank says there are no deposits in transit.
I began trading with them since they're supposed to be an a-book broker with no conflict of interest with the client, but it took 1 day to get a withdrawal with FBS.
I can't believe this is happening, specially since they have 4.74 rating on FPA.
All resolved - Thanks GP!
The email I received from GP said that I had to "close all positions as they could no longer server me as a client" - but their management clarified that this timeframe for ending the service is not immediate and may be long into the future. In the meantime, GP is happy to keep me on as a client, so I'm happy :)
Apparently, it stems from some legal suit of an unrelated firm with Ontario, making Ontario a high-risk venture for brokers.
As the saying goes, "it's not the mistakes you make, but how you resolve them that matters" and GP did an excellent job of resolving this.
5 stars and A+ !!!
Mar 26, 2022 - 1 Star I have been using a Global Prime Live Account for over 5 years - since they were a small, unknown broker. In this time I have had a mostly positive experience with them and have contributed on their Discord forums, etc. Was even interviewed about my trading Algo and methodology to create content for their YouTube channel.
Recently, they emailed me to inform that I should "wind down all my trades and close my account", since they cannot serve clients in Ontario, Canada.
They apparently stopped taking applications from Ontario many years ago (after I applied), but were happy to take my commissions and my contributions to their growth this whole time without letting me know that one day my account would be axed.
I feel so used and swindled. You have been warned.
Jan 4, 2019 - 5 Stars Was with Questrade for 2 years (because I had other investments with them, so it was easy to get MT4 setup). They shut down their MT4 support in mid-2017 so I did quite extensive research before settling on Global Prime (GP).
I was immediately struck by how much more tick data came through - almost instantaneous updates of market conditions. I also liked the structure of low-spreads + a commission instead of the fees bundled into the spreads like most brokers do. Way more transparency that way.
I also liked the funding method (through NAB I believe) which allows me to fund with a credit card.
The icing on the cake was this past week with the JPY "flash-crash". GP stayed open the whole time and I was able to trade around the event. I read horror stories of users with other brokers being locked out of their accounts, etc. It seemed that all of my stops were also honored with minimal slippage - fantastic! Lastly, although I came out ahead after the crash, there was a period where my account was in negative balance and GP did not force close my trades - unlike other brokers.
So after a year+ with GP, I would say I am thoroughly pleased.
Reply by jemook submitted Jan 24, 2019 Hi afeudale,
Glad you are enjoying your time with us and a huge thanks for leaving a review for us. I can't believe it's already been a year since you opened an account with us - the time has flown. Looking forward to many more happy years together.
Frequently Asked Questions
Is Global Prime a good broker?
The best way to understand if Global Prime is a good broker is to read the unbiased traders reviews on ForexPeaceArmy. https://www.forexpeacearmy.com/forex-reviews/9018/www.globalprime.com.
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we'd recommend to check recent Global Prime community discussions: https://www.forexpeacearmy.com/community/tags/globalprime.
Is Global Prime regulated?
Global Prime is also regulated by the Vanuatu Financial Sevices Commission under license VFSC #40256
What is the leverage for GlobalPrime?
- Standard leverage is 1:100
- Maximum leverage is 1:200
- XAUUSD leverage is 1:100 regardless of the account leverage setting