On-line since: About the company: Global Prime is an Australian broker headquartered in Sydney. The company has representative offices in many European and Asian countries. Global Prime has been licensed to provide services for financial transactions in Australia. The company has been operating since 2010. The broker is well-known among traders. Products and services Its clients can trade futures and futures options, as well as more than 50 currency pairs, including popular cryptocurrencies, CFDs on indexes, metals, and energy resources. Security of funds According to the Global Prime website, customers' funds are kept in separate accounts at Westpac. Westpac is Australia’s oldest bank and one of the four largest banking organisations in Australia. Customers’ funds held in the global trust account are not used to hedge contracts. Global Prime's security policy complies with ASIC Client Money rules. Accounts and currencies ECN accounts are available to customers. The broker also opens accounts under individual conditions. The account currencies are USD, AUD, CAD, SGD, GBP, EUR. Minimum deposit The minimum deposit starts at $200. Minimum deposit The minimum deposit starts at $200. Spreads and commissions Spreads start at 1 pip. The upper limit is 3. Leverage For forex trading, leverage is 1:200; for CFD is 1:100; for cryptocurrencies is 1:5. Trading platforms Global Prime gives its clients access to the leading trading platform MetaTrader 4, available for iPhone, Android, Mac, and Windows. There is free VPS hosting Via Beeks for faster order execution. The MAM/PAMM systems are also available. Traders can use Myfxbook AutoTrade, an automated social trade copying service. Customer service You can contact the support service during working hours via special chat as well as by phone or email specified on the broker's web page. The support team speaks two languages -English and Chinese. Feedback Despite the fact that the broker has almost a 10-year operating history, there are only few reviews about it. In most cases, clients give negative feedback about the broker. Zac Orbul May 2, 2016 Everything went well at first. Then, all of a sudden, in the European session (at 6 PM GMT), slippage reached 8 points (80 pips) with no explanation or any explicable reason. I do not recommend trading with this broker. Qaiser November 16, 2015 My account on globalprime is 927673. I chose globalprime for scalping and it was my worst choice ever. I always use FPA to find brokers. I contacted Jeremy from Globalprime and he helped me open an account. Those were all advantages. Overall, I was bitterly disappointed with GlobalprimeI. First of all, I would like to mention the slow execution of orders. For example, in one of the trades, my profit reached $80. So, I closed the deal but ended up getting less than $50. The deal was for one standard lot. After clicking the button “to close a deal”, Globalprime did not do it immediately. As a result, traders suffer big losses. Every time I noticed a slow execution of orders. The broker offers higher spreads than other Forex brokers. Fees are also large. Advantages:
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I have a wired experience with Global Prime. I’ve found many issues on the MT4 platform, as my positions always execute delay and my deal slippage 10 to 50 pips. Even I can't stop or close my deals when hit the SL or TP points and I have lost almost $536. So I want to warn other traders about Global Prime’s service and I will be left them immediately.
My trading experience at Global Prime has always been pleasant. I like to trade with them because their services are excellent and everything there is working perfectly. I trade EUR/USD, GBP/USD, USD/JPY also gold. I haven't faced requotes and never closed a trade with negative slippage on the platform during trading. There are a lot of services and features, their server is stable, so the platform has the fastest execution. Also, it is included with much technical analysis and indicators tools too. So satisfied with Global Prime. Recommended broker.
I have been facing a serious trouble with Global Prime for last two months and until now they still not fix the issue and it is delayed processing of withdrawals. Very disappointing I sent a withdrawal request of my funds on 11 April until now did not receive it. I cannot chat or call, only e-mail support which I am still waiting on that one.
I invested $500 at Global Prime half a year ago. Currently, my total profit has amounted to $156.22. For me, this is not a bad amount since I am still a beginner. In fact, I am impressed that I managed to earn this much. The broker's fine services contributed to this success greatly.
Even though Global Prime high initial deposit, I think they are a great broker with the own unique services. Along my journey with this broker, I never have any problem. They are always giving an excellent trading platform. Besides, as a normal trader, I prefer to use SL and TP for order execution, and amazingly no delay and order are well-executed smoothly. Global Prime always offered a fixed spread. Last week, I had won a profit of $200 and successfully withdraw through bank transfer. The process was fast, and less than 24 hours, I can get money credited in my bank account. A great broker with all benefits, I highly recommend them.
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