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:||firstname.lastname@example.org, 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
Best broker of them all
Finally found trader heaven in Global Prime.
I finally found a reliable partner I can count on, I am now here to stay. Funding the account from Canada was safe and a breeze with Interact eTranfers, while withdrawals still take 3-5 days using old fashioned wire transfers (this is my only complaint).
Keep up the hard work everyone at Global Prime, you ROCK!
Trading at Global Prime...
First of all, you should have a broker that verifiably does NOT trade against you which immediately introduces a conflict of interest. This is Global Prime. Other brokers will tell you that "it isn't personal" but think about it for a minute. How can it not be? You win and they lose. What is the odds they are looking out for your best interests?
Secondly, you look at the instruments you trade. With global prime, you can control volatility in some of the more volatile instruments like the NQ or Oil but be able to use very small positions. Most other brokers don't allow this. You might think they are doing you a favor but they are not.
Leverage is another area. Everyone knows that large leverage is not good. You can choose your leverage up to 1:200. Any broker allowing you leverage over this is trading against you. No Liquidity provider will give liquidity past this point. This is a fact. Although they cannot control how you trade you will find that you can usually get in or out of positions relatively efficiently depending on your connection and internet speed. Sometimes there is a little slippage but that is in fast-moving markets which happens.
Lastly, the customer support is very good. They answer all questions promptly and in detail. They have always been helpful and courteous. I have been trading for many years and you will be hard-pressed to find a more honorable broker.
Trust me I know. I generally don't post anything about brokerages but these guys deserve it.
One of the Best
GlobalPrime (GP) is one of the very few brokers in the industry who actually provides receipt for trades I took. I am really impressed by their prompt customer support and honest brokerage service.
From customer support point of view, you are always greeted by Human being rather then Bots which is industry trend now-a-days, but the awesome part is their average waiting time is less then a min to assign an agent to my chat request.
I would like to share a recent experience with the support team. I was facing a glitch on TradingView (TV) because of which I was not able to Trail Stop Loss. When I raised this with TV they pointed me to Global Prime. When I reached out to Global Prime they asked me for some screenshots of error and once I shared with them within 24 hours GP's technical team were able to resolve it.
This incident may look very straight forward but what stood out is the way GP's Customer Support guy named R** managed to keep calm when I was venting out my frustration on GP because few of my positive trades had turned negative because I could not trail my stop. R** even offered tthat GP could compensate for the impacted trade if I could share the trade details, I was pleasantly surprised beyond words, I mean who offers such proposal in the broking industry which is after just filling their own pockets! Though the issue was resolved quickly but I realized during this incident that the customer support guys themselves have trading experience and hence they can very well understand customer issues and can feel our pain.
I highly recommend Global Prime to everyone. My only complain which I keep raising with the support team is though GP has access to all Forex, Commodities, Metals, Crypto, US Stocks and much more.. they should get access to ASX stocks as early as possible. This will really help traders like me who are keen on trading ASX stocks.
Keep up the awesome work GP Team!!!
Excellent Broker Great Team
I withdrew, but the deposit was not made.
However! The deposit is still not being made.
They ask us to wait two more weeks to track the funds.
This is my first time experiencing this.
Give me back my money.
Apr 18, 2021 - 5 Stars It's already been three years.
I hope that Global Prime will operate as clean as it is now.
I want you to make a service for Koreans.
In fact, it is difficult to use Global Prime in Korea.
Jan 4, 2020 - 5 Stars 1. Five years have passed since I learned of the global prime. I have no complaints yet.
2. If you manage your company honestly like you do now, you will be with Global Prime for the rest of your life.
3. I became close to the CS team. Always thank them for the quick answer, the kind answer and the attention.
Reply by jemook submitted Jan 31, 2020 Thanks so much Kim, really appreciate the kind review. Lesson to be learned here is to get close to our support team. We want to get to know you so we can help out and offer tips that may help you on your FX journey. Five years is a long time with us, so it makes me super happy to hear what a good time you've been having. Keep in touch!
Reply by jemook submitted May 7, 2021 Wow three years flies by so quickly! Especially with COVID derailing the world. Thanks for your review Kim :)
In Global Prime (it's like all in one) best platform Trader Evolution (With Netting Account - Scalping is like a dream come true) Trading on Volume based price action was always a issue with every other broker but with Global Prime (Its your dream come true) kind of scene, as they are A book broker (No restrictions are there) obviously if you ain't doing things like arbitrage, as Pure Scalping from Seconds to Minutes they don't have any issue & with TraderEvolution Platform, Just to good to be true (Built In tools) for Scalping.
Customer service is on just other level (almost like out of 20 top brokers) Global Prime Customer service is Top Notch.
Representatives are just to friendly & go extra mile to solve your issue & its just not that, I've like thousand questions which i keep asking them & every time its mostly new representative & He/She is always there to get things done.
1:100 Leverage & Very Nice tight spreads on Index like Ger30,US30,Nas100 will get the job done for scalpers.
Been using them for like 5+ months now, for deposit & withdrawal No issue till now (Haven't deposited big amount yet - which now i am planning to do so) Hopefully this broker will remain same as it is for now.
Struggling to find a Broker ? With perfect leverage of 1:100 or if you want you can have 1:200 (will ask you questions & some obligations) but i think better not have more then 1:100 leverage, as i can also help you to prepare for any prop firm (if you have any plan to get in like FTMO / My Forex Funds).
Global Prime = Win Win for Retail Traders (If trade carefully)
Rest Keep the great work Global Prime.
best ever customer service..they really help u fast ..
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