What’s Global Prime?
Global Prime is an Australian broker who has built its offering in such a way that you don’t need to look for anything else. Global Prime proposes a regulated trading environment with an STP-connectivity-based execution model, bringing great platforms and copy trade options along with tight spreads.
From the start of its operation in 2010, until now, Global Prime has been serving clients from more than 120 countries, using 20 liquidity providers to ensure the best quotes and trading volumes across continents.
At the end of the day, Global Prime is highly regarded in the industry for its achievements, while traders are mainly happy with the service they receive. So with Global Prime, you can choose CFD, FX and Cryptocurrency instruments with competitive pricing, define your best strategy and run your social trading account, MAM or PAMM account, as well as find the best way to be an institution.
Is Global Prime secure or is it a scam?
Since every financial investment firm established in Australia should be licensed and regulated by ASIC and hold an AFSL license, Global Prime is a regulated broker. This is necessary to ensure market integrity and to propose tailored trading capabilities in a safe trading environment.
Therefore, defining Global Prime as your broker will mean you can rest assured that your money is been kept in line with the necessary rules, and you can always count on the support of ASIC – the trading conditions are constantly monitored.
In addition, the operation and the firm may be heavily fined in the event of any violence or misconduct by the client, so that traders always ensure its safety. In fact, this never happens to unregulated firms, because they operate in the way they find correct, which can be very risky for you. Trading with a broker under a world-recognized authority is the right approach to your choice of broker.
Global Prime Trading Platform
Global Prime has the most popular MetaTrader4 Forex platform on offer as the ideal trading environment for both pros and novices. There are 3 execution models available at MT4 together with different platform versions suitable for different devices, including the Mobile App.
Global Prime also enhanced the platform with free add-ons, analytical objects, technical indicators, all without restrictions on algorithmic trading or the use of EAs. All in all, the Global prime solution gives you the ability to trade with customized liquidity at fast execution speeds and unparalleled software that brings you all that is needed for good performance.
In addition, you may automate your trading with a social trading feature that lets you to copy trade to your own Global Prime account. This opportunity is provided through the industry-leading Myfxbook system, which has proved its reliability and serves a number of global traders, both copy traders and master traders.
It is indeed a great opportunity especially for start-up traders, as you can choose from over 40 systems and thousands of professional investors to copy, in reverse advanced traders can run bigger accounts and receive commissions.
What’s the Global Prime Trading Cost?
Global Prime made your choice simple and runs one account for all. This means that you connect all solutions to a single online feature with a full range of Global Prime account management and options.
Another important issue are the spreads, or charges waived by the broker. Global prime mainstays on low spread and raw offering, while the typical EUR/USD spread is 0.1 pips, plus a $7 commission per 100k round turn, which is very competitive and enjoyable among the industry.
Also, always consider the rollover or overnight fee as a cost, it shall be charged to positions held longer than one day and defined separately by each instrument. You can also see some of the examples above.
As for the leverage level, which is also an important part of our Global Prime Review, being an Australian firm, the broker is still offering high leverage to your advantage. The European and other authorities around the globe do already restrict high ratios because of the chance of embiggening risks, ASIC is still one of the regulators that allows it to do so.
Which means that you should learn how to use leverage smartly to take advantage of it. So, for some Forex instruments, you can set up a leverage ratio of up to 1:200 available to retail traders holding a Global Prime account.
What payment methods does the Global Prime offer?
Global Prime allows you to open an account with your choice of base currency, to make money deposits or withdrawals more convenient. You may also choose the most appropriate option to pay – with Credit/Debit Cards, Neteller, Skrill, Wire Bank Transfers or BPay.
Minimum Deposit Amount
The amount that will allow you to start trading with Global Prime is set at a competitive $200. Since there is no difference between the account types, this amount will allow you to start checking the necessary margins and other conditions at the same time, so that you can define an appropriate amount. For example, maintaining a master account with Myfxbook requires a minimum of $1,000.
Fees for Withdrawals
Global Prime does not charge any fees for deposits or withdrawals. However, you should always check with your payment provider if there are any charges for international transfers and so on.
The Global Prime Review concludes a strong balance between the trading offer and the overall conditions that the broker maintains. Almost every trader has the option of finding his or her way of trading, either through social trading or by maintaining his or her own strategy with the use of robots, or so on.
Also, being a regulated Australian broker gives you a calm state of mind, knowing that your investment is safe. Traders of any kind can enjoy trading with Global Prime along with the enhanced conflict-free STP technology offering.