- Country: Australia
- Regulation: ASIC
- Markets: Forex and CFDs
- Type: ECN
- Minimum deposit: 500 USD
- Deposit methods: transfer, card, Neteller, Poli, BPay
- Platform: MetaTrader 4
- Spread: 0.5 EURUSD typical
- Commission: $ 3.5 per lot (7 round trips)
- Scalping: yes
What is Global Prime?
Global Prime is one of the best and most prestigious of Forex, CFDs, stocks, futures and options. This broker is based on Geneagle Securities, an investment advisory company.
Global Prime is regulated by the ASIC and, therefore, has to adhere to the strict rules of said regulator.
Trading volume in 2019 was $ 30 billion per month offering trading to clients from more than 120 countries.
In addition to a broker for retail clients, it also offers institutional services.
Global Prime open account
Opening an account with Global Prime is a short and easy procedure since we will only have to enter our data and wait for the confirmation email to be sent to us.
Invest in the world’s leading social trading platform
Once we confirm this email, we will be required to send copies of our identity documents (driving license, ID or passport) and proof of residence (such as water bills, electricity or bank statements).
The minimum deposit is 200 AUD or equivalent, and can be made by transfer or credit card.
Global Prime is not a broker that offers bonuses or promotions to open an account, but being one of the best ECN brokers on the market, it tries to attract clients through the seriousness and prestige of your company.
- Telephone: tel: +61 (2) 8379 3622
Global Prime accounts, spreads and commissions
The platform for Global Prime retail accounts is MetaTrader 4, both for Windows, Mac, or any mobile version.
It also offers MAM accounts with Metatrader 4 and collaboration with MyFxbook.
The MyFxbook Autotrade platform will require the following conditions:
- Minimum deposit: 1,000 USD
- Drawdown less than 50%
- Trades winners of more than 10 pips on average
- Duration of operations more than 5 minutes on average
- More than 100 operations carried out in 3 months
Global Prime institutional platforms are: Skout, Protrader 3, Primexm, Flextrade.
The spreads typical current of Global Prime are:
Forex commission is $ 3.5 per lot, $ 7 round-turn.
The minimum order to operate is 0.01 lots.
The CFDs offer is DMA, with direct access to the market, that is, operating its real prices with market depth.
CFDs are offered on stocks of the main world indices, but not on the IBEX. CFDs are also offered on the main futures contracts in the world.
Some of the spreads that we can find now are:
- Oil: 2.8
- SP500: 0.5
Global Prime review
This is one of the best Forex brokers on the market without a doubt. The ECN price offer is one of the best on the market and its prestige too.
Hence, opinions about it on the network are well above average.
It is not for less.
It has very good trading conditions, similar to those of IC Markets or Axitrader , other great Australian brokers.
Spreads have dropped quite a bit in recent years, reaching almost 0 in most pairs, with an impressive 0.2 in GBPUSD almost all day, one of the best you will find online. A few years ago we had spreads of 1 pipo in that pair and 0.7 in others such as the USDJPY, but the drop has been spectacular. We are in one of those brokers with almost 0 spread.
The commission of $ 7 per lot is within expectations, although there are some brokers that charge 6.
As for things like assets, it is not that it offers many, but this is where it is shown that to give a quality product sometimes it is better to specialize and offer a specialized product, as this broker has done.
Then we have the MAM or MyFxbook accounts for those who like to use the capabilities of social trading.
The only downside is that it does not offer customer service in Spanish.
For more information, visit the website .