Global Prime
- Written By thinkforexbrokers
- Updated:
Global Prime is an Australian-based online broker headquartered in Sydney. It gives traders access to more than 150 markets, covering Forex, Crypto CFDs, Indices, US Share CFDs, Commodities, and Bonds CFDs. Whether you’re a retail trader or trading at an institutional level, the broker is known for its strong trading conditions—think ECN execution, ultra-low latency connections to tier-1 bank liquidity, and a smooth overall experience.
In this review, we’ll take a closer look at some of the key points you’ll want to consider before choosing Global Prime as your broker. On Trustpilot, Global Prime holds an impressive 4.6-star rating from 247 reviews. Notably, 76% of users gave it a perfect 5-star score, while only 6% rated it at the lowest level.
Global Prime Summary | |
Year Founded | 22010 (launched 2011) |
Minimum Deposit | $0 |
Tradable Instruments | Forex, Crypto CFDs, Indices, US Share CFDs, Commodities, and Bonds |
Open an Account | How to Open an Account at Global Prime |
Trading Costs | Spreads, Fees, and Commissions at Global Prime |
Key Pros and Cons
Let us first briefly look at Global Prime’s merits and demerits.
- Key Pros
- Low spreads
- Multiple financial instruments
- Fast trade execution speeds
- Advanced trading platforms
- Regulated brokerage firm
- A selection of useful trading tools
- Multiple payment methods
- Responsive client support team
- Various educational resources
- Key Cons
- No USA clients
- TradingView not yet integrated
- No options trading
Company Information
2010 The launch of Global Prime
Global Prime, founded in 2010, is an online broker built on the principles of fairness and transparency. It serves both retail and institutional traders, offering access to advanced platforms like MT4 and MT5, along with a range of educational resources and handy trading tools. The broker stands out with its zero fees on deposits and withdrawals, plus no minimum deposit requirement you can start trading with any amount. As an ECN broker, Global Prime delivers transparent trade execution without dealing desk intervention or conflicts of interest.
2025 World Class Trading Broker
Global Prime has grown into a top-tier trading broker, now serving retail traders in more than 196 countries with the same level of service once reserved for institutions. The broker is regulated across multiple jurisdictions and stands out for its aggressive pricing, fast execution, and strong commitment to transparency. By leveraging advanced technology, Global Prime connects traders to deep liquidity from leading tier-one providers. This access helps keep spreads as tight as 0.0 pips while ensuring lightning-fast execution for a smoother trading experience.
2010 The launch of Global Prime
Global Prime, founded in 2010, is an online broker built on the principles of fairness and transparency. It serves both retail and institutional traders, offering access to advanced platforms like MT4 and MT5, along with a range of educational resources and handy trading tools. The broker stands out with its zero fees on deposits and withdrawals, plus no minimum deposit requirement you can start trading with any amount. As an ECN broker, Global Prime delivers transparent trade execution without dealing desk intervention or conflicts of interest.
2025 World Class Trading Broker
Global Prime has grown into a top-tier trading broker, now serving retail traders in more than 196 countries with the same level of service once reserved for institutions. The broker is regulated across multiple jurisdictions and stands out for its aggressive pricing, fast execution, and strong commitment to transparency. By leveraging advanced technology, Global Prime connects traders to deep liquidity from leading tier-one providers. This access helps keep spreads as tight as 0.0 pips while ensuring lightning-fast execution for a smoother trading experience.
Global Prime Group is comprised of the following corporate entities with their respective regulated offices:
- FMGP Trading Group Pty Ltd, regulated by the ASIC: office address: L 27 25 BLIGH ST SYDNEY NSW 2000 AUSTRALIA
- Gleneagle Securities PTY Limited, regulated by the VFSC: office address: 1st Floor, Govant Building, Kumul Highway, PortVila, Vanuatu
Note that Global Prime does not offer its services to residents of certain countries, such as North Korea, Iran, the USA, Afghanistan, Congo, Ontario (Canada), and other regions.
Why Trade with Global Prime?
Now, let us provide a quick list of the key features that we like about Global Prime.
Aspect | What We Like |
Regulation | Reputable broker, regulated in a couple of jurisdictions by some of the top financial authorities, such as the ASIC and VFSC |
Pricing | Tight ECN spreads and fair commissions |
Execution | Trades are executed using the ECN model, with low latency connectivity to tier-1 bank liquidity for an unrivaled trading experience. |
Trading | Access to over 150 markets across Forex, Crypto CFDs, Indices, Commodities, and Bonds CFDs. |
Platforms | MT4 and MT5 trading platforms and various advanced trading tools. |
Customer Support | Responsive client support team who are available 24/7 and can be reached via various contact channels. |
Regulation
Global Prime operates under multiple regulatory frameworks, which gives traders extra confidence about the safety of their funds. In Australia, the broker runs under FMGP Trading Group Pty Ltd and is regulated by the Australian Securities and Investment Commission (ASIC). It also holds an Australian Financial Services Licence (AFSL No. 385620), which allows it to provide financial services within Australia. Outside of Australia, Global Prime FX is the trading name of Gleneagle Securities PTY Limited, a registered company in Vanuatu. This entity is regulated by the Vanuatu Financial Services Commission (VFSC). Together, these regulatory licenses allow Global Prime to serve traders across the globe while maintaining a strong foundation of transparency and compliance.
A breakdown of the various regulatory regimes is presented below.
Flag | Region | Entity | Authority | License |
 | Australia | FMGPTrading Group Pty Ltd | AustralianSecurities&InvestmentsCommission (ASIC) | AFSL No. 385620 |
 | Vanuatu | Gleneagle Securities PTY Limited | Vanuatu Financial Services Commission (VFSC) | License Number: 303124 |
Being regulated by ASIC is a big plus for Global Prime, as the Australian regulator is known for having tough standards and strict oversight. That said, the broker does have a couple of gaps. Since it isn’t regulated by the CFTC, traders in the United States aren’t able to use its services. On top of that, the lack of FCA regulation means UK clients don’t get the added protection of the Financial Services Compensation Scheme (FSCS) if something were to go wrong with the broker.
Regulation
3/5
- Strict ASIC regulation
- Multi-jurisdiction regulation develops trust
- Absence of FCA and any EU financial agency regulation
- Absence of CFTC regulation
KYC Procedure for Account Creation and Depositing
Getting started with Global Prime is pretty straightforward. Just head over to their homepage and hit the “Start Trading” button to begin your application. From there, you’ll need to fill out the form and upload a few documents for verification. Overall, the process is quick, hassle-free, and pretty much in line with what you’d expect from most brokers in the industry.
Creating your secure login: First, you enter a valid email and choose a password
Completing the application form with your details: Here, you input your names, date of birth, city of residence, address, postcode, and phone number
Choosing your trading account: You have to choose your preferred trading platform and account type (ECN accounts); other account specifications that need to be selected include base currency, leverage, and secret question that adds another layer of security
Confirming your suitability status: You will be required to disclose information about your employment status and sources of income, as well as your trading experience. Based on your answers, if you are approved, you can proceed to the next step of the process; however, if any of your answers do not match the broker’s internal requirements, your application will be rejected;
Accepting the terms: You have to tick the box at the bottom of the account registration form to indicate that you accept Global Prime’s Terms and Conditions
Verifying your documents: Here, you provide your proof of ID (Passport, national ID card, or Driver’s License) and proof of residency (utility bill or bank account statement that is less than three months) for Global Prime to verify your account.
While the account creation is swift (can be completed within a few minutes), it may take up to 24 hours to verify your trading account. Upon verifying your account, you will have to fund it via any of the allowed payment methods before you can start trading.
Account Opening
4/5
- Swift account creation process
- Sign up includes a suitability test
Account Types
Global Prime offers both retail and institutional traders ECN accounts that feature the following:
- ECN ‘Best Execution, routing orders to 26+ liquidity providers
- Low latency period, from as low as 1ms
- Zero commissions or low commission fees of $3.5 per side ($7 per lot round turn)
- No minimum deposit
- Super-tight, variable spreads
- Automated trade receipts for the ultimate transparency
Retail accounts are of two types: the commission-free account and commission-based account
Commission-free account
With Global Prime’s Standard ECN account, traders get a simple, commission-free setup. Spreads start as low as 0.9 pips, and there are no extra charges on top. This account lets you trade across 150+ global markets — from forex and indices to commodities, cryptocurrencies, shares, and even bonds — all through MT4 and MT5. You can also choose from a range of base currencies, including AUD, USD, EUR, GBP, CAD, JPY, and SGD. Best of all, there’s no minimum deposit, so you can get started without any big upfront commitment.
Commission-based account
Global Prime also gives traders the option of a Raw ECN account, designed for those who prefer raw market pricing. Spreads here start from as low as 0.0 pips, with a commission of $7 per round trip. You can open this account as an individual, a corporation, or even a joint account. Just like the Standard account, it gives you access to 150+ markets — forex, indices, commodities, cryptocurrencies, shares, and bonds. It also supports the same range of base currencies (AUD, USD, EUR, GBP, CAD, JPY, and SGD) and doesn’t require a minimum deposit to get started.
Feature | Raw Commission-based Account | Standard Commission-free Account |
50+ FX pairs | ||
CFDs on major indices, commodities, metals, and bonds | ||
ECN Execution | ||
Minimum account balance | $0 | $0 |
Web, desktop, and mobile MT4 and MT5 platforms | ||
Unlimited free wire transfers | ||
No requotes | ||
Negative balance protection | ||
Fully automated execution | ||
24/7 support | ||
Variable contract sizes (as low as 1 unit) | ||
Joint account | ||
Corporate account |
Demo Account
Global Prime also offers a demo account on both MT4 and MT5. This is a great way for traders to practice strategies and get familiar with the platforms without putting real money at risk. The demo account comes preloaded with virtual funds, so you can test different markets and trading styles in a risk-free environment.
Account Types
4/5
- Three major account types: Standard, Raw, and Pro
- No Islamic Account available
- Demo Account available
Trading Fees and Other Costs
Before choosing a broker, it’s important for every trader to take a close look at the trading fees and other costs involved. As a CFD and Forex broker, Global Prime keeps things simple by charging two main types of fees:
- Trading costs spreads, commissions, and overnight financing rates;
- Non-trading costs account management fees, deposit and withdrawal fees, inactivity fees.
Let us take a quick look at the trading fees that are available at Global Prime.
Costs/fees | What is this? | With Global Prime |
Spreads | The cost is incorporated into the price of what you trade. A wider bid-ask spread means higher costs. | |
Commission | A flat fee paid per position is often used as an alternative to charging via the spread. | |
Financing charges | The cost of holding a position active overnight. | The broker will not charge an extra fee on top of standard swap rates. |
Deposit fees | Fees charged by the broker to fund your account. | None |
Withdrawal fees | Fees charged by the broker to withdraw money from your account. | None |
Inactivity fees | Fees charged on dormant trading accounts. | None |
Spreads
Global Prime offers two main account types, and their spreads are as follows:
- Standard Account — Spreads start from 0.9 pips with no commissions
- Raw Account — Tight ECN spreads (starting from 0.0 pips) and a commission of $7.0 per round turn.
Let us take a look at the average spreads offered on the ECN account types:
Instrument | ECN Commission-based Account | Commission-free Account |
EUR/USD | 0.06 pip | 0.96 pips |
GBP/USD | 0.22 pips | 1.12 pips |
USD/JPY | 0.57 pips | 1.47 pips |
From the above, we can see a mark-up spread of 0.9 pips to the average spread on Global Prime’s Standard Account to cover the costs of trading.
Global Prime Average Spread Comparison
Instrument | Average Spread |
EUR/USD | 0.96 pips |
GBP/USD | 1.12 pips |
USD/JPY | 1.47 pips |
USD/CHF | 1.24 pips |
AUD/USD | 0.98 pips |
USD/CAD | 1.16 pips |
NZD/USD | 1.18 pips |
Let’s break down the trading costs for Global Prime’s two account types. For this example, we’ll use a 1 Lot trade on EUR/USD (where each pip is worth $10) and assume the trade is opened and closed at the same price. Using the broker’s average spreads, here’s how the costs stack up for each account type:
Standard Commission-free Account
- Spread – 0.96 pips
- TOTAL COST – 0.96 x $10 = $9.60 per side and $19.20 per round turn
Raw Commission-based Account
- Spread – 0.06 pips
- Spread cost – 0.06 x $10 = $0.60 per side and $1.20 per round turn
- Commission – $3.50 per side and $7.00 per round turn
- TOTAL COST – $1.20 + $7.0 = $8.20 per round turn
So, the Raw ECN account comes out cheaper overall, making it the better choice for traders who deal in higher volumes.
Next, let’s take a look at how Global Prime’s commission-free account spreads stack up against those offered by other major brokers on the most popular Forex pairs.
Average Spread Comparison Across FX Brokers
Instrument | Global Prime | IC Markets | Fusion Markets | IG |
EUR/USD | 0.96 pips | 0.86 pips | 0.93 pips | 1.4 pips |
GBP/USD | 1.12 pips | 1.06 pips | 1.00 pips | 1.4 pips |
USD/JPY | 1.47 pips | 1.02 pips | 1.70 pips | 1.97 pips |
USD/CHF | 1.24 pips | 1.14 pips | 1.70 pips | 1.99 pips |
AUD/USD | 0.98 pips | 0.69 pips | 0.91 pips | 0.82 pips |
USD/CAD | 1.16 pips | 1.03 pips | 0.99 pips | 1.77 pips |
NZD/USD | 1.18 pips | 1.38 pips | 1.10 pips | 2.05 pips |
From the table above, we can conclde that the spreads offered by Global Prime Commission-free Account are similar to that of their top competitors in the industry, such as IC Markets and Fusion Markets.
Commissions
At Global Prime, you’ve got two main account choices: a commission-free account with no extra charges, and an ECN account that applies a $7 commission per round turn.
So, if you’re trading on the ECN commission-based account, here’s what that actually means:
- for a 1 Standard Lot trade (100,000 units), you will pay a $7.0 commission to open and close the position;
- for a 1 Mini Lot trade (10,000 units), you will pay a $0.7 commission to open and close the position;
- for a 1 Micro Lot trade (1,000 units), you will pay a $0.07 commission to open and close the position.
A $7 commission on a 1 Lot trade is pretty much in line with what brokers like IC Markets charge. However, it’s not the lowest you’ll find out there. For example, Fusion Markets’ Zero Spread Account only charges $4.50 per round turn on the same trade, making it one of the most competitive options available right now.
Spreads & Commissions
4/5
- Standard commission fees on the Raw Account
- Low spreads
- Zero commissions on the Standard commission-free account
Financing Charges
Swap fees are the charges you pay for keeping a position open overnight. At Global Prime, these rates are determined by the broker’s institutional partners, who calculate them daily based on risk management analysis. Each currency pair has its own swap rate, and typically, you’ll pay interest on the currency you sell and earn interest on the one you buy.
If you’d like to check the exact swap charges for any position, simply log in to your MT4 platform and follow these steps:
Locate your product in the ‘Market Watch’ window. Right-click and select ‘Symbols.'
Select the product you wish to view from the list. Select ‘Specifications’.
Here, you can view the Forex swap rates for long and short positions.
Deposit fees
Just like most online brokerage firms, Global Prime will not charge any deposit fees. This is standard practice for brokers.
Withdrawal fees
Global Prime will also not charge any withdrawal fees on all allowed payment options. However, international wire transfers may attract intermediary transfer fees from either party, which are independent of Global Prime.
Inactivity fees
Global Prime will not charge an inactivity fee on dormant accounts. This is unlike most financial firms that would charge a certain sum on trading accounts after a prolonged period of inactivity.
Inactivity Fees
5/5
- No inactivity charges
Overall on Fees
Global Prime keeps things pretty competitive when it comes to fees. If you’re on the Raw commission account, you’ll get access to very tight spreads, while the Standard commission-free account has slightly higher spreads since they’re marked up instead of charging a commission. The commission itself is fair, and aside from standard overnight financing, there aren’t any sneaky extras or hidden non-trading fees — which is always a plus for traders.
All in all, Global Prime scores well on costs. Their $7.00 round-turn commission is in line with what other top brokers, like IC Markets, are charging.
Trading Fees and Other Costs
4/5
- Low ECN spreads on the Raw account with competitive commission fees
- Zero commission fees on the Standard account
- No extra fees on top of standard swap rates
- No non-trading fees
Desktop Trading Platforms
Global Prime provides traders with popular trading platforms, including:
MetaTrader 4
Global Prime gives its clients access to the MetaTrader 4 (MT4) platform — the gold standard in retail trading. Launched back in 2005 by MetaQuotes, MT4 has completely changed the way individual traders tap into the global markets and is still the go-to choice for forex traders worldwide. The platform comes packed with handy tools like one-click trading, multiple chart types, 30+ built-in indicators, nine timeframes, drawing tools, alerts, and support for automated strategies through Expert Advisors (EAs) using the MQL4 programming language.
To make things easy, Global Prime offers MT4 in several versions: a desktop app for Windows and Mac, a web-based version that works directly in browsers like Chrome, Safari, Edge, and Firefox, and a mobile app for Android and iOS. The web version requires no downloads, while the mobile app is perfect for traders who want to monitor the markets or place trades while on the move — as long as there’s an internet connection.
With Global Prime’s MT4, traders also get access to:
Global Prime also offers a Virtual Private Server (VPS) for traders who want uninterrupted connectivity. A VPS ensures your trading platform runs around the clock, even if your own computer is switched off. This is especially useful for those running Expert Advisors (EAs), as it keeps them active without downtime. By hosting your platform on an external server, the Forex VPS helps maintain stable connectivity to Global Prime’s trading servers — so your strategies can run seamlessly 24/7.
With Global Prime’s MT4 platform, traders can subscribe to forex signals and automatically copy the trades of experienced professionals. This feature lets you benefit from the strategies and decisions of seasoned traders in real time, without having to manually execute every order yourself.
Locate your product in the ‘Market Watch’ window. Right-click and select ‘Symbols.'
MetaTrader 5
MetaTrader 5 is the next-generation platform from MetaQuotes, designed to build on the success of MT4 while offering a more advanced trading experience. Just like MT4, it comes with Global Prime’s competitive pricing and fast execution, but MT5 goes a step further by adding features such as Level 2 pricing, Depth of Market (DoM) trading, and detailed volume analysis.
The platform is highly customizable, so traders can tailor the interface to match their personal style and preferences. MT5 also supports expert advisors (EAs) for automated trading strategies, along with multiple dashboards for checking market depth and liquidity.
It’s worth noting that MT5 is currently only available for clients registered under Global Prime’s Vanuatu entity, while Australian clients still have access exclusively to MT4. Both platforms can be used as desktop applications for Windows and Mac, a web version that works directly in popular browsers, and mobile apps for iOS and Android devices.
Copy-trading with Global Prime
Global Prime provides traders with popular trading platforms, including:
Global Prime has its own copy trading platform called GP Copy, designed to make social trading simple. With GP Copy, any trader can set up a profile and share their trades for others to follow. At the same time, clients who’d rather lean on the experience of seasoned traders can choose to copy their strategies directly through the platform. It’s a straightforward way for beginners to learn from professionals, or for experienced traders to build a following. However, GP Copy is currently available only to clients who sign up through Global Prime’s Vanuatu-regulated entity.
To activate copy trading, traders first need to log into the Global Prime Client Hub and apply for GP Copy. After approval, they can invite other traders to follow them simply by sharing a unique invite link. Once followers connect their trading accounts, the strategy provider can switch on copy trading and start sharing their trades in real time.
Using Global Prime’s Copy Trading service is free, provided you trade at least 2.5 lots of Forex or Metals per account each month. If you fall short of that, a $10 monthly fee applies. Strategy providers can also set their own performance fees for followers, but these are capped at 30%.
Desktop Platforms
4/5
- MT4 and MT5 trading is available
- Multiple advanced trading tools are available
- Copy Trading available via GP Copy
- Forex VPS hosting
Mobile Trading Platforms
Global Prime gives traders access to the mobile versions of MT4 and MT5, so they can manage their accounts and place trades on the go, as long as they’re online.
The mobile apps are surprisingly complete — offering nearly the same tools and functionality as the desktop platforms. They’re perfect for traders who want the flexibility to monitor markets, open or close trades, and check positions anytime, anywhere. Both apps are available for download on the Android and iOS app stores.
MT4 for iOS and Android | MT5 for iOS and Android | |
Minimum System Requirements | Android 5.0; iOS 12.0 | Android 5.0; iOS 12.0 |
User Rating | Google Play: 4.8 / 5; App Store: 4.8 / 5 | Google Play: 4.8 / 5; App Store: 4.8 / 5 |
User downloads | Google Play: 998K+ reviews; App Store: 77,4K+ ratings | Google Play: 825K+ reviews; App Store: 50K+ ratings |
Supported Languages | English, French, German, Malay, Spanish, Polish, Japanese, Hindi, Greek, Italian, Chinese, and +11 languages | English, German, French, Dutch, Thai, Chinese, Italian, Korean, Japanese, Polish, Malay, and + 12 languages |
Forex Pairs | 59 on Global Prime | 59 on Global Prime |
Other Tradable Assets | Crypto CFDs, Indices, US Share CFDs, Commodities, Bonds CFDs | Crypto CFDs, Indices, US Share CFDs, Commodities, Bonds CFDs |
Features | 30+ technical indicators, 30+ graphical objects, 3 chart types (line, bar, candlestick), 9 timeframes, interactive charts, community chat | 38+ technical indicators, 40+ graphical objects, 3 chart types (Line, Bar, Candlestick), 21 timeframes, L2 pricing, user chat, financial news |
Biometric Authentication | Yes (TouchID) | Yes (TouchID) |
2-Factor Authentication | Yes | Yes |
Mobile Trading
4/5
- Third-party mobile apps for the MT4 and MT5 trading platforms are available
- Apps offer the full functionality of the desktop platform version
Trading Instruments
Global Prime offers over 150 markets, spread across Forex, Crypto CFDs, Indices, US Share CFDs, Commodities, and Bonds CFDs. Their range of available financial assets compares fairly to other big brokers, such as IC Markets and Fusion Markets.
Asset Class | Global Prime | IC Markets | Fusion Markets | |
Forex | 59 | Good | 61 | 79 |
Indices | 18 | Good | 23 | 11 |
Stocks CFDs | 100+ | Fair | 1,600+ | 50 |
Commodities | 23 | Good | 22 | 16 |
Bonds | 3 | Fair | 11 | 0 |
Cryptocurrencies | 38 | Good | 20+ | 10+ |
Futures | 0 | N/A | 4 | 0 |
Options | 0 | N/A | 0 | 0 |
Let us now take a closer look at the product list.
Forex
Global Prime gives traders access to the most liquid global FX markets, with more than 50 currency pairs available for trading. Clients can trade on both the MT4 and MT5 platforms with leverage of up to 1:500. However, for Australian traders, leverage is capped at 1:30 for retail accounts and remains up to 1:500 for Pro account holders.
The broker is well-regarded for its favorable trading conditions, offering tight ECN spreads and competitive pricing backed by deep liquidity pools. For example, on the Raw Account, major currency pairs can be traded with average spreads starting from just 0.06 pips, alongside a commission of $3.50 per lot per side.
Indexes CFDs
Global Prime gives traders access to the world’s most liquid stock exchange indices, including the US30, UK100, DAX, FTSE, DJ30, and more, all available on the MT4 and MT5 platforms. Prices are sourced from specialist non-bank market makers, ensuring fast execution and some of the tightest spreads globally on popular indices like the DAX and Dow.
With Global Prime’s indices CFDs, traders can speculate on the performance of the largest and most influential stock markets without directly owning the underlying assets. For example, the DJIA (US30) represents a basket of 30 of the biggest companies listed on US exchanges, and CFD trading makes it possible to profit from price movements alone.
The broker welcomes all trading styles, whether scalping, hedging, swing trading, or long-term position trading. Traders can also deploy Expert Advisors without restrictions. Indices CFDs are tailored with institutional-grade conditions, offering zero commissions, transparent pricing, leverage up to 1:100, and ultra-tight spreads.
For Australian retail clients, leverage is capped at 1:20, in line with regulatory requirements.
Cryptocurrencies
Global Prime also supports cryptocurrency trading, positioning itself alongside other leading Bitcoin brokers. Within the MT4 and MT5 platforms, traders can access some of the most popular digital assets, including Bitcoin, Ethereum, and Litecoin, all traded against the US dollar.
Because these trades are handled as CFDs, traders speculate on price movements rather than owning the actual coins, which removes the need for a crypto wallet. The broker offers the option to go both long and short across nearly 40 different crypto assets, creating opportunities in both rising and falling markets. Spreads are kept competitive, and orders on the Standard account can be executed without additional commission charges.
Commodities
Global Prime provides access to more than 20 commodities, ranging from precious metals like gold, silver, platinum, and palladium to energy products such as WTI and Brent crude oil, as well as agricultural goods including corn, coffee, sugar, cotton, soybeans, wheat, and even orange juice. The broker sources pricing from tier-1 banks, non-bank market makers, and ECNs, ensuring that traders benefit from tight spreads and fast execution across its commodities lineup.
The process of trading commodities at Global Prime is similar to trading forex, except instead of dealing with currency pairs, traders buy or sell units of a commodity against the US dollar. For instance, one contract of XAUUSD represents 100 ounces of gold, while one contract of XTIUSD corresponds to 100 barrels of West Texas Intermediate crude oil. These products are offered as CFDs, meaning they can be traded around the clock, five days a week, on both MT4 and MT5 platforms. Positions also include overnight financing but do not have expiry dates.
Leverage conditions depend on regulatory jurisdiction. Australian retail clients are offered up to 1:10 leverage with a 100% margin call and a 50% stop-out level, while those trading under the Vanuatu entity enjoy more flexible terms of up to 1:100 leverage, with margin calls at 90% and a stop-out level at 20%.
Stock CFDs
Global Prime gives traders access to the shares of the world’s largest companies listed on the NYSE and NASDAQ, combining competitive pricing with reliable execution. Trading conditions vary depending on the regulatory entity: under the VFSC, leverage is available up to 1:20 with a margin call at 90% and a stop-out level at 20%, while under ASIC, leverage is capped at 1:5 with a 100% margin call and a 50% stop-out level.
Through Global Prime’s stock CFDs, you can speculate on the price movements of popular companies such as Amazon, Apple, and Facebook, without the need to own the underlying shares. Unlike traditional investing through an exchange, CFD trading offers the flexibility to profit in both rising and falling markets and provides the option of using leverage to enhance potential returns.
Bonds
Global Prime also provides access to the bond markets, with CFDs available on three government bonds at the time of writing. Since trading is done through CFDs, investors are essentially speculating on whether the value of the bonds will rise or fall, rather than owning the underlying asset.
The broker keeps things simple with a low minimum deposit, no commission charges, and competitive margin requirements. Bond CFDs can be traded directly through the MT4 and MT5 platforms, making them easily accessible to all clients.
Traded Instruments
4/5
- A vast diversity of tradable asset classes
- Leveraged trading on various instruments
- No Options CFDs
Trade Execution
Global Prime operates under both the STP and ECN models of execution, giving traders direct access to the interbank market. On its commission-free account, the broker uses the STP model, where clients get real market prices but with a small spread markup. On the ECN Commission-based Account, execution is through the ECN model, with raw interbank spreads passed directly to traders in exchange for a small commission.
As a true ECN/STP broker, Global Prime connects traders to a broad pool of liquidity providers, including three prime brokers, more than 20 tier-1 banks, and several non-bank market makers. This deep and diverse liquidity mix ensures consistently tight spreads—starting from 0 pips—along with fast execution speeds and minimal slippage. By executing all orders through a single tag, Global Prime appears as one client to its liquidity providers, which helps secure faster fills and reduced slippage.
The broker’s infrastructure is also built for speed and reliability. Its trading servers are hosted in the Equinix NY4 Financial Trading Hub, one of the world’s leading data centers for financial markets. Through direct cross-connects via optical fiber, Global Prime ensures low-latency connections to trading counterparties and technology providers.
To support automated strategies, Global Prime partners with several VPS providers, including ForexVPS. A VPS keeps your platform running 24/7 with near-zero downtime, lower latency to trade servers, and the ability to run Expert Advisors or third-party apps seamlessly.
With this setup, traders benefit from lightning-fast execution, true ECN spreads, and zero dealing desk intervention. Global Prime effectively brings institutional-grade conditions to retail traders, offering full transparency on trade execution—including details on which bank filled the order, execution speed, slippage data, and even access to order books and tick charts.
Trade Execution
4/5
- ECN execution with no dealing desk intervention
- Ultra-fast execution speed and low latency
- Direct access to various top tier liquidity providers
Deposits
Global Prime supports a wide range of funding methods to make deposits convenient for traders. While the options vary depending on a client’s region, most traders will have access to:
Bank wire transfers
Credit and debit cards (Visa and Mastercard)
E-wallets such as Skrill, Neteller, and FasaPay
Local bank transfer options (in selected regions)
Cryptocurrency deposits (Bitcoin, Ethereum, and others)
All deposits are processed without fees on Global Prime’s side, though traders should note that their bank or payment provider may charge transaction costs. Processing times depend on the method used: cards and e-wallets are typically instant, while bank wires can take between one to three business days.
By keeping deposit requirements low and offering a broad mix of methods, Global Prime ensures traders at every level from beginners to professionals can start trading with minimal friction.
Method | Processing Time |
BPAY | 1-2 days |
POLi Payments | Instant |
PayID | Instant |
Credit/Debit Card | Instant |
AccentPay | Instant |
Neteller | Instant |
Jetonbank | Instant |
Mifinity | Instant |
PayPal | Instant |
AstroPay | Instant |
Perfect Money | Instant |
DragonPay | Instant |
Skrill | Instant |
ZotaPay | Instant |
Local Bank Transfer | 1-2 business days |
Bank Transfer | 1-2 business days (Australia); 3-5 business days (International) |
FasaPay | Instant |
PromptPay | Instant |
QR Code | Instant |
Pagsmile | Instant |
PayRetailers | Instant |
Bitwallet | Instant |
Crypto | Instant |
GATE8 | Instant |
XPay | Instant |
VNPay | Instant |
Interac | 30 min – 3 hours |
Currently, there are no deposit bonuses available with this brokerage.
Deposits Methods
4/5
- No minimum deposit
- Multiple base currencies
- No deposit fees charged
- Good selection of payment methods
- No deposit bonuses are available
Withdrawal Methods
Clients can withdraw funds directly from the secure Global Prime client portal by selecting the withdrawal option from the menu. Withdrawals are always processed through the same payment method used for deposits. For example, if you funded your account with a debit or credit card, withdrawals will be sent back to that same card.
Global Prime does not apply any internal fees on deposits or withdrawals, though traders should be aware that international bank wires may incur charges from intermediary banks or the receiving bank.
In line with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, Global Prime cannot process withdrawals to third-party accounts. This means that all withdrawals must be returned to an account held in the same name as the Global Prime trading account.
In line with anti–money laundering rules, withdrawals are first sent back through the same payment method used for your initial deposit before any alternative payout options are considered.
Withdrawal Methods
4/5
- No withdrawal fees with most payment methods, except international bank transfers
- No third party withdrawals
- Timely withdrawal request processing
Customer Support Contacts
Global Prime offers a knowledgeable client support team that is polite and responsive. The support is available 24 hours a day, seven days a week. You can contact the broker’s support team through any of the following channels:
Support contact | Available | Response |
Live Chat | 24/7 | Less than 30 seconds |
Telephone | 24/5 | Less than 30 seconds |
Email contact | 24/7 | Within several hours |
Live Chat: This efficient channel allows you to chat directly with the broker’s support team live. The live chat function is available as a “Chat” icon at the lower-right corner of the website. When you click on the icon, you will be required to input your name and email address. Next, type your message in the bigger box to interact with the customer support team live.
Telephone contact: You can also contact the broker’s support team over the phone from 9 am to 5 pm, Monday – Friday through any of the following phone number: +61 (2) 8379 3622.
Email Contact:You can send specific inquiries to the following email addresses:
- Accounts: accounts@globalprime.com
- Institutional: institutional@globalprime.com
- Compliance: compliance@globalprime.com
- Partners: partners@globalprime.com
- Marketing: marketing@globalprime.com
After emailing the support team during business hours, we got a reply to our queries within a few hours.
In addition to the above contact channels, you can also find answers to common questions from the broker’s FAQs page
FAQs: This is a comprehensive list of Frequently Asked Questions. They answer some of the most common questions traders have. The questions are arranged in the following categories: about Global Prime, account application, account management, fund management, trading with Global Prime, and trading platforms.
Support Contact
4/5
- Live Chat experience was outstanding
- Extensive FAQs section
- Email support available
Research and Educational Materials
Global Prime offers a good selection of learning resources to help traders make knowledgeable trading decisions. It includes the following:
A selection of educational videos can improve traders’ knowledge and skills. Topics covered include technical analysis, fundamental analysis, trading tools, and more.
Educational Guides that are designed to help traders improve their knowledge of the financial markets.
A section that is replete with frequently updated articles covering various market analyses in great detail — from technical and fundamental analysis to valuations and bias.
A newsletter section that delivers educational guides, daily market insights, and analysis direct to your inbox.
The Global Prime Discord chatroom, where traders discuss their daily trading activities. You can share trading analysis and ideas and also have your questions answered by the broker’s in-house experts. Currently, the Global Prime Discord chat room has more than 2,500 subscribers, with thousands of logins every month.
Ebooks on various trading topics
Research & Education
4/5
- Good educational content
- MT4 video tutorials
- Global Prime education section and Discord chatroom
Security and Money Guarantees
At bestbrokers.com, we are committed to helping traders connect with regulated online brokers. and Global Prime is a standout example. Our key findings include:
- Over a decade of business history and growth
- Top-tier ASIC regulation
- Regulated and authorized to operate in different jurisdictions
Global Prime is regulated by the Australian Securities and Investments Commission (ASIC), a Tier 1 regulatory authority. This oversight signals that the broker operates under strict regulatory and ethical standards. In line with ASIC requirements, all client funds are held in segregated trust accounts at top-rated banks, separate from the broker’s corporate funds. This structure minimizes risk and helps protect clients from any potential misuse of their money.
Entity | Regulator | Amount covered | Negative Balance Protection |
FMGP Trading Group Pty Ltd | Australian Securities & Investments Commission (ASIC) | N/A | |
Gleneagle Securities PTY Limited | Vanuatu Financial Services Commission (VFSC) | N/A |
Security of Funds
3.5/5
- Stringent ASIC regulation
- Regulated in various jurisdictions
Conclusion
Putting it all together, the experts at BestBrokers.com believe that Global Prime offers some of the best trading conditions for Forex trading among its peers. Our reasons are as follows:
- Competitive trading costs
- High liquidity from top-tier liquidity providers
- Flexible leverage of up to 1:500
- Innovative trading technology
- Lightning-fast execution via the MT4 and MT5 trading platforms
- Award-winning customer service
- Free educational resources to sharpen your skills
- Fully licensed and regulated since 2010
Overall
4.5/5
- ECN brokerage, which translates into fast execution and improved trust for clients
- Competitive trading costs and no non-trading costs
- Good selection of trading platforms and additional tools
- Opportunity to trade multiple financial assets.
