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
Excellent trading conditions
Superb customer care
Apr 3, 2023 - 1 Star I'm trying to request a withdrawal, but the broker has taken down their customer portal, changed their name to Afterprime and refuses to process my withdrawal request.
Reply by Xavier Herrera submitted Apr 4, 2023 Hi Ramon,
We can certainly appreciate how frustrating and confusing this situation must have been. We're happy to take the time to clarify this for you.
You are still able to access your funds, we just need to put you in contact with the right people.
You may have received an email in the past month or so that the old team of Global Prime have created a new broker "Afterprime" which you have been migrated to. As you're a client of "Afterprime", we cannot process the withdrawal for your account.
As we understand, you are already in touch with 'Afterprime', please follow their instructions to process your withdrawal. In case you need the contact information, please contact email@example.com.
Good honest broker so far
Real ECN Broker with proof of order book of every trade
Execution is No.1
Orders goes to directly into liquidity provider.
There is no Manipulation or price requote.
Global Prime Liquidity Provider permantly increasing spread
Even though my account was in NET loss not profit the changes were made, seemd GP LP is happy to take your lossess but if you trades are instantly successful you will be penalised.
Excellent Spread/ CFD broker.
This is why I use Global Prime. They allow me to make trade after trade with no execution fees on EU/ US Index positions. Using fractional positions, scaling in and out without commissions gives me a winning advantage. I often get positive slippage and never get a void or delayed trade when entering a market order. The liquidity is always there, even outside cash hours. Execution is instant. The platform I use is Trader Evolution and it's never crashed (I trade each day), incredible!
I use Paypal to withdraw and deposit. It has never been a problem and again, there is no cost. The money always arrives the next day and from my paypal account I send it to my bank account.
I highly recommend these guys. By far the best service I've received in the industry and I have absolutely no intention of looking elswhere.
Very good resolution of a serious problem
Swap issue solved and withdrawal on the way
As mentioned earlier the agreed to bear the costs for the mistake they made...
All in all there conditions are good. Also they are a regulated broker.
But they have to work on the way how to communicate a mistake on their behalf to the client. That was upsetting.
But all solved and I might keep trading with them.
Jul 20, 2022 - 1 Star I started trading with Global Prime last week and had some good profittable trades on UK oil. So yesterday I requested withdrawals to get my profits out.
I wouldn't believe my eyes when they wrote me an email today, all withdrawals frozen due to some miss calculation on swaps. The swaps going LONG on UK oil on Friday night were pretty simular to the ones on Thursday night, Wednesday night or to the ones they have today.
Wednesday Swap: 11.71400
Thursday Swap: 13.54300
Friday Swap: 16.93300
Today Swap: 14.22900
They can't tell me what was wrong, they don't know how long the investigation will take, no answers, no communication. Just I'm not getting my funds!
Guys, DON'T TOUCH THAT BROKER. They come back to you after few days and wanna steal money from you. SCAM ALERT!!!
As a new trader
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 188.8.131.52
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 184.108.40.206
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
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