Global Prime Review

Minimum Deposit: $200 VISIT BROKER
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Global Prime is best suited for traders who wish to enjoy an institutional-grade trading experience while carrying out social trading in an ECN trading environment. The broker provides traders with various competitive trading conditions, including zero deposit and withdrawal fees. There are various user-friendly trading platforms available to help traders get the most out of their trades.

Global Prime Review


Built on the core values of fairness and transparency, Global Prime is an online retail broker that offers institutional trading benefits to clients across over 196 countries. The broker was launched in 2010 in Australia. They allow clients to buy and sell over 40 financial instruments across various asset classes, including forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies, and CFDs.

The broker gives traders the advantage of trading with some of the industry-leading trading platforms, including the MT4, which is available in desktop, web, and mobile versions. There is a plethora of educational resources and useful trading tools to assist traders. The minimum deposit required to start trading is $200 and free demo account are also available if you want to try them out before making a commitment.

8Expert Score
Global Prime Rating

Global Prime clients can trade a wide range of markets with low spreads, fast executions and institutional trading benefits. Easily manage your multi-asset portfolio and trade with a transparent broker.

Trading Products
Commissions and Fees
Platforms and Tools
Research and Education
Deposit and Withdrawal

Global Prime Review

Pros and Cons

Global Prime comes with a lot of advantages. They are backed with advanced technology to provide retail and institutional traders with customized liquidity from top-tier liquidity providers. The implication is that traders benefit from tight spreads, starting from 0.0 pips and lightning-fast trade execution. There are various intuitive trading platforms to ensure that traders enjoy an enhanced trading experience. The broker also ensures zero manipulation of executions and conflict of interest, thanks to its electronic communication network (ECN). There are zero fees for both account deposits and withdrawals.

  • Multiple financial instruments
  • Advanced trading platforms
  • Regulated brokerage firm
  • Low spreads
  • Fast trade execution speeds
  • A selection of useful trading tools
  • Responsive client support team
  • Multiple payment methods
  • Various educational resources
  • No deposit or withdrawal fees
  • No inactivity fee
  • Social trading signals
  • No USA clients
  • No MT5 trading platform

Global Prime Review

Trading Products

There are various Trading Products for you to choose from at Global Prime. They include forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies, and CFDs. We can say that the broker’s asset offering is generous. Interestingly, all the available financial instruments can be traded on all the provided trading platforms. This saves from the hassle of needing to switch between platforms and accounts depending on the market that you need access to.

Global Prime Instruments Summary

InstrumentsGlobal Prime
Global Prime Instruments

Global Prime Review

Commission and Fees

Commission and Spread Fees

Global Prime has some of the best spreads you will find in the industry. Spreads represent the difference between an instrument’s buy and sell price. Most times, accounts with zero commissions have higher spreads as trading fees are incorporated into the spreads.

At Global Prime, there is an option to trade with tight spreads from 0.4 pips on the commission-free account. The broker also has an ECN Account option with low spreads from 0.0 pips and a commission fee of $7 per round turn. This commission fee of $7 per round turn means that:

  • For a 1 Standard Lot trade (100,000 units), traders will pay a $7.0 commission to open and close a trading position;
  • For a 1 Mini Lot trade (10,000 units), traders will pay a $0.7 commission to open and close a position; and
  •  For a 1 Micro Lot trade (1,000 units), traders will pay a $0.07 commission to open and close the position.

However, a commission fee of $7 is relatively high as some brokers charge as low as $4 per round trip, FXDD being an option.

FeeECN Account (Commission Free) ECN Account
Commission (per standard lot per side)$0$3.5
Spreads from0.40.0
Global Prime Fees

Deposit and Withdrawal Fees

Global Prime does not charge any deposit or withdrawal fees. However, your bank may charge intermediary bank fees or conversion charges. The best bet is to check with your bank to know if there are any third-party fees before proceeding with your transactions

Inactivity Fees

The broker does not charge any inactivity fees on dormant accounts. This is commendable as some brokers will often impose high fees for maintenance of accounts that have been left inactive for a prolonged period.

Global Prime Review

Platforms and Tools

Global prime provides traders with a range of advanced trading platforms that are developed to ensure an enhanced trading experience. The available trading platforms include the MT4 trading platform and the Trader Evolution trading platforms.

MetaTrader 4

This is an advanced trading platform that was launched in 2005 by MetaQuotes, a trading software company. To ensure the ease of accessing the platform, the broker makes the MT4 trading platform available as a desktop application for Windows and Mac computers, web trader, and a mobile trading app that is compatible with Android and iOS devices and can be downloaded from the respective app stores. The web version of the MT4 runs directly on modern web browsers, such as Chrome, Safari, Edge, and Firefox, without needing to download or install any additional software. The mobile app is best suited for traders who wish to place trades and check trading positions while on the go as long as there is an internet connection. 

There are so many reasons why traders of all levels prefer the MT4 trading platform. It is packed with useful trading tools and enhanced trading functionalities, such as one-click trading, multiple timeframes, various technical indicators, and more. The platform is fully customizable and comes with an intuitive user interface, making it suitable for all levels of traders. I am a big fan of this platform and feel like it is ideal for new traders due to its quick learning curve and huge range of free tutorials that you can find online.

Platform features

  • Desktop, web, and mobile versions are available
  • Thirty inbuilt indicators and analytical tools
  • Alert notifications
  • Trade automation using expert advisors
  • Allows strategy back testing
  • Support for one-click trading
  • Multiple charts
  • Support for hedging, scalping, and other trading styles
  • Technical analysis on the charts with hundreds of indicators
  • Nine different timeframes
  • MQL4 programming language is available
  • Live quotes
  • Drawing tools
  • View live account balances and order history
  • Set push alert notifications
Global Prime MT4
Global Prime MT4

Trader Evolution

The Trader Evolution is an intuitive trading platform that is developed for trading multiple Trading Products with ease. It is built with a fully customizable user interface, allowing users to tweak it to suit their individual trading preferences. The TraderEvolution platform caters to professional traders who seek more advanced functionality than is currently available through most retail trading platforms.

The platform is equipped with market-leading pricing and execution, such as Level 2 pricing, DoM trading, and Volume analysis. In addition, Trader Evolution has a live depth of market (L2) for all products and multiple trading panels, to view/trade liquidity provider depth. Strategies can be developed with EvoCode. It is available in desktop, web, and mobile versions.

Global Prime Trader Evolution
Global Prime Trader Evolution


Trade better on the world’s most innovative and popular trading platform. Follow your favourite assets, find trading ideas, chat with others, spot trends, and trade directly from the charts.

Global Prime has combined the TradingView and TraderEvolution platforms to give you one of the most powerful packages on the market today. The two platforms speak with each other so you can manage your orders on either platform.

The broker has an institutional style trading setup, supported by 3 prime brokers and over 26 liquidity providers. This means you’ll be getting incredibly sharp pricing and excellent fills on your trades. What’s better is that you’ll be able to verify the brokers performance with trade receipts that show the bank who filled your trade, execution speed, slippage and more.

Global Prime TradingView
Global Prime TradingView


The broker provides traders with the FIX API solution; it is best suited for professional traders who are looking to deploy their proprietary algorithmic trading solution with the lowest possible latency. Global Prime claims to host in Equinix NY4 with direct cross-connects via optical fiber to all trading counterparties, ECNs, and technology providers. If you are using HFT strategies and need direct market access, FXPIG also have an excellent API solution.

Global Prime FIX API
Global Prime FIX API

MyFxBook AutoTrade

MyFxBook AutoTrade is an automated social trading service where traders can subscribe to and copy other traders’ signals directly into their trading account. It is hosted on internal servers, eliminating the need to download or install additional software. The broker’s clients can link their trading accounts to the MyFxBook AutoTrade.

The platform allows users to view and filter the historical results of systems to compare track records. Traders may also offer their systems for signal copying if they fulfil a strict screening process which includes needing a substantial trade history over a sustained period.

Myfxbook AutoTrade
MyFxBook AutoTrade


This is another social trading platform that is available at Global Prime. It allows traders to subscribe and copy other trading systems directly into a Global Prime trading account. To do this, traders can select the traders they want to follow using the Performance Table that algorithmically ranks traders based on a multitude of performance factors, as well as based on the feedback of ZuluTrade’s knowledgeable community. Other brokers who intergrate with ZuluTrade include BlackBull Markets.


Virtual Private Server (VPS)

To eliminate the trading hitches that come with downtimes, the broker makes available the virtual private server (VPS). It allows traders to seamlessly run their automated systems around the clock. With the VPS, traders can get to run their trading platform 24/7 without needing to have their computers switched on. They are often used to run expert advisors (EAs) and to maintain connectivity to a trading server. I think a VPS is perfect for those of you who want to run automated systems or dont have a reliable internet connection at home. You can get a free VPS from a few other brokers including IC Markets.

FX Pip Calculator

The FX Pip calculator is an essential tool that is provided by the broker to ensure the ease of carrying trading calculations. This tool is developed to display how much margin each position would need before placing it and price movements under which your position will experience a profit or loss.

Global Prime Platforms Summary

Platform Global Prime
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)x
Social Trading
Other (Trader Evolution, ZuluTrade, MyFXBook Auto Trade)
Global Prime Platforms

Global Prime Review

Research and Education

Trading Academy

The broker’s trading academy can be accessed from the “Learn” section of the broker’s website. It is replete with essential learning resources to help traders become better traders. In addition to various learning articles, trading guides, tutorial videos, and more, you will find a plethora of learning courses, covering several topics and trading guides on how to use the platform

Economic Calendar

Global Prime provides traders with an economic calendar. The economic calendar provided by TradingView displays the latest news releases and the countries affected. The actual, forecast, and prior results are displayed. The economic calendar is one of the most important research tools in forex trading; it shows future market events’ schedule and their expected impacts on the financial markets. With the economic calendar, traders can know what moves the market and when the market moves. So they can plan their trading moves based on upcoming economic releases and market events from around the world.

Trading Insights

This is the broker’s blog, and as such, it is replete with several trading articles on market reviews and expert analysis. The blog section also contains some news articles to keep traders up-to-date with the latest happenings in the financial markets. New articles are regularly uploaded on the blog, while old articles are often updated from time to time.

Trading Mentors

Trading Mentors is a subscription-based interactive marketplace where aspiring traders can engage with a range of market professionals for trading setups, trading education, and guidance. It can be accessed by navigating to the “Learn” section at the top of the broker’s website.


FAQs are a comprehensive list of traders’ most common questions and their corresponding detailed answers. The broker provides traders with a detailed FAQ section covering various topics, including account management, deposits/withdrawals, trading conditions, trading hour changes, security of funds, MetaTrader 4, and company info.

Global Prime Discord Chatroom

This is another learning channel on the broker’s website. It is available as a chat room where traders can discuss their daily trading activities. You can share trading analysis and ideas whilst having your questions personally answered by the broker’s in-house experts.

Global Prime Research and Education Summary

ResourcesGlobal Prime
Market Analysis
Trading Centralx
Economic Calendar
Other (VPS, FIX API, Trading Calculator, FAQs, Trading Mentors, Trading Insights, Discord Chatroom)
Global Prime Resources

Global Prime Review

Deposit and Withdrawal

Account deposits and withdrawal processes at Global Prime are seamless. The broker offers a choice of various secure payment methods, including bank transfers, credit cards, and some online payment processors. It is important to ensure that your trading account is denominated in any of the base currencies — AUD, USD, EUR, GBP, SGD, and CAD — to avoid incurring currency conversion fees.

There are no fees for account deposits and withdrawals. To deposit/withdraw funds, log into your secure client portal, click on “Funds” and follow the prompts to select your preferred payment option. I think they could improve by adding support for crypto funding. If this is something that you require then there are other options out there such as InstaForex.

Global Prime Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
Global Prime Funding Options

Global Prime Review

Regulation and Safety

Global Prime is regulated in multiple jurisdictions as follows:

  • Global Prime is fully licensed and regulated by the Australian Securities and Investment Commission (ASIC).
  • Gleneagle Securities PTY Limited trading as Global Prime FX is a registered Vanuatu company and is regulated by the Vanuatu Financial Services Commission (VFSC).
  • Global Prime FX Ltd is a registered Seychelles company and holds a Securities Dealers Licence issued by the Financial Services Authority of Seychelles (FSA).

ASIC is a top-tier regulatory authority in Australia. They are focused on enforcing and regulating company and financial services law as a way to protect Australian consumers, investors, and creditors.

It is best to trade with a regulated broker as they comply with the strict financial policies of these regulatory authorities, thus ensuring your overall safety.

The absence of a CFTC regulation is an indication that the broker does not accept clients from the United States. If you are located in the US then IG is a top choice of broker worth considering instead.

Global Prime Regulation Summary

RegulatorGlobal Prime
ASIC (Australia)
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
Other (VFSC, FSA)
Global Prime Regulators

Global Prime Safety

There is always little to worry about when you trade with a regulated brokerage firm. Global Prime is regulated in multiple jurisdictions, and these regulations and licenses help to give clients peace of mind that they are using a trusted broker that must abide by strict rules from government organizations.

The broker insists that clients’ funds are kept in segregated client trust accounts with Westpac ensuring that they are separate from the companies’ funds and not used for any other purposes such as running costs or hedging. In addition, the broker has been in operation since 2010, which is a clear indication that they are backed with a wealth of trading experience in the financial markets.  

Global Prime Review

Client Support

Global Prime provides traders with a knowledgeable client support team who are available to give answers to all clients’ general, technical, and account-based inquiries. The support team is available 24 hours during working days (Mondays to Fridays), and they can be reached via the following contact channels: online chat, telephone, and email.

In addition, they can be reached via social media platforms Facebook and Twitter, which they use to keep followers updated with market events and economic releases. I have always found them a pleasure to deal with but would like to see them extend working hours to weekends to keep up with other brokers including FP Markets.

Global Prime Review


Overall, Global Prime is a regulated online trading broker that caters to the trading needs of retail and institutional traders. They provide traders with advanced trading platforms, which are available in desktop, web, and mobile versions. Their traders are provided with a range of useful trading tools, educational resources, and a reliable client support team. Other essential features of Global Prime include rapid trade execution speeds, multiple payment options, tight spreads, low commissions, and more. The minimum deposit required to start trading is $200 but you could always start with a demo account to see if they meet your needs before making a financial commitment.

Everything that you find on is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

Global Prime Review


When was Global Prime founded?

Global Prime was founded in 2010.

Where is Global Prime located?

Global Prime is headquartered in Australia.

Is Global Prime regulated?

Yes. Global Prime is regulated in various jurisdictions, including the Australian Securities and Investment Commission (ASIC), Vanuatu Financial Services Commission (VFSC), and the Financial Services Authority of Seychelles (FSA).

What trading instruments does Global Prime offer?

The broker offers various financial instruments across different asset classes, including forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies, and CFDs.

What is Global Prime’s minimum deposit?

Global Prime’s minimum deposit is $200.

What trading platforms does Global Prime offer?

The broker offers a range of advanced trading platforms, such as MT4, Trader Evolution, Zulutrade, MyFXBook Autotrade, and more.

What is Global Prime’s commission fee?

In addition to their commission-free account, the broker has a commission fee of $7 per round turn.

Does Global Prime charge an inactivity fee?

The broker does not charge an inactivity fee on all dormant accounts.

What are Global Prime’s spreads?

Global Prime has tight spreads from 0.0 pips.

What funding options does Global Prime offer?

The broker offers a choice of various secure payment methods, including bank transfers, credit cards, and some online payment processors.

Does Global Prime offer demo trading?

Yes. The broker provides traders with a demo account for practice purposes.

Does Global Prime offer Islamic accounts?

No, Global Prime does not offer an Islamic Account.

How do I contact Global Prime customer support?

The broker’s client support team is available 24/5 and can be reached via telephone, email, live chat, and some social media channels.
Global Prime Review
Global Prime Review
Minimum Deposit: $200
Investing Brokers

Investing Brokers

The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review.