Global Prime
4.5

Global Prime

Regulation: Australian Financial Services License (ASIC),  Vanuatu (VFSC)

Pros
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
  • Cons
    • No Islamic account
  • Limited educational tools
  • No negative balance protection
  • Reviewed forex Broker: Global Prime

    Location: Australia

    Regulation: Australian Financial Services License (ASIC),  Vanuatu (VFSC)

    Operated by FMGP Trading Group Pty Ltd

    Established in 2016

    Trading instruments: Forex, Crypto, Indices, Commodities

    Trading Conditions and Features

    Base currency: USD, AUD, GBP, EUR, SGD, CAD, JPY

    Global Prime FX does not offer negative balance protection

    Standard leverage 1:100. Up to 1:200 pending approval.

    42 Tradeable currency pairs including metals

    Margin call at 120%, Margin Stop at 100%

    Low Minimum Trade Size – Currency 0.01 Lots / Metals 0.01 Lots

    Commission of $7 per 100k round tur

    Demo account available

    Global Prime FX does not offer clients an Islamic swap free account

    Accounts Types

    Standard AccountRaw Account
    Commission$0$3.5
    Min Trade0.01 lot0.01 lot
    Spread From0.9 Pips0.0 Pips
    Stopout Level100%100%
    Scalpingyesyes
    EAsyesyes
    Hedgingyesyes
    CurrenciesUSD, AUD, GBP, EUR, CAD, SGD, JPYUSD, AUD, GBP, EUR, CAD, SGD, JPY

    Trading Platforms

    MetaTrader 4

    MetaTrader 4 remains the benchmark for retail trading platforms and is still the most popular for Forex traders globally. It has transformed how retail traders access global markets.

    Available on Windows, Mac, Web, iOS, Android and Web.

    Customise the platform to the way you tradeyes
    Build and run your EAs using MQL4yes
    Discover statistically significant market movementsyes
    Choose from 1000s of trading tools to plug into MT4yes
    Automated trading allowing you to trade the markets 24/5yes
    Backtesting for more robust Expert Advisorsye

    MyFXBook Autotrade

    Myfxbook Autotrade is a social trade copying service, allowing traders to subscribe and copy other trading systems directly into a Global Prime trading account.

    Systems are ranked based on the lowest risk with the highest profit vs consistent growth, offering one of the largest selections of financial indicators and statistics compared to other social trading platforms.

    Virtual Private Server for Forex Trading

    A VPS will allow your trades to be connected 24/7 on a virtual machine. This ensures traders are never interrupted by connectivity issues. Global Prime clients can sign up for either a Sponsored MT4 or with a discounted MT4 Forex VPS Hosting Service from our recommended third party provider.

    Payment Methods

    Payment methods: Neteller, Wire Transfer, Credit Cards, Paypal, Crypto

    Minimum deposit requirement: $10

    How was the rating of Global Prime performed compared to other brokers? 

    This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Global Prime FX broker performance and features. 

    Overall our online Global Prime review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Global Prime or you find inaccurate details Global Prime broker review please get in touch with us and the changes will be applied. 

    Global Prime Details

    Trading Platforms
    Maximum Leverage
    Trading Conditions
    Account Options
    Languages
    Minimum Deposit
    Educational Material
    Representative Offices

    The account opening process at Global Prime is user-friendly and fully digital.

    7.0
    Regulation and Security
    5.0
    Platforms and Features
    4.0
    Deposit and Withdrawal
    2.0
    Educational Material
    4.5 Overall Rating

    top forex broker

     

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