Global Prime Xem lại

On-line since: 2010
Country of origin: Australia
Regulation: Global Prime has an Australian Financial Services License (AFSL); it is fully licensed and regulated by the Australian Securities and Investments Commission (ASIC).
Payment options: International Bank transfer, Visa and Mastercard, Neteller, BPAY, POLI. Withdrawals can only be made by Bank transfer.
Minimum account size: 500$
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: fixed

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:

• wide range of trading instruments, including cryptocurrencies;
• licensed broker;
• clients' funds are well-protected.

Disadvantages:

• there are only two communication languages (English and Chinese);
• withdrawal can be made by bank transfer only;
• high initial deposit.