Global Prime Review and Ratings

Fees and other costs

Global Prime keeps costs simple. As a CFD and forex broker, it charges:

• Trading costs: spreads, commissions, and overnight financing
• Non-trading costs: none for account management, deposits, withdrawals, or inactivity

Spreads

Two main structures:

• Standard account, spreads from 0.9 pips, no commissions
• Raw account, spreads from 0.0 pips, $7 per round turn

Average spreads:

• EUR/USD: 0.14 pips on Raw, 1.04 pips on Standard
• GBP/USD: 0.40 pips on Raw, 1.30 pips on Standard
• USD/JPY: 0.42 pips on Raw, 1.32 pips on Standard

The Standard account applies a 0.9 pip markup to cover trading costs.

Cost example for a 1-lot EUR/USD trade, opened and closed at the same price:

• Standard: 1.04 pips x $10 = $10.40 per side, $20.80 round turn
• Raw: 0.14 pips x $10 = $1.40 per side ($2.80 round turn) plus $7 commission, total $9.80 round turn

The Raw account is cheaper for active traders.

Peer comparison on the Standard account shows Global Prime’s average spreads are broadly in line with IC Markets and Fusion Markets on major pairs.

Commissions

• Standard account: no commission
• Raw ECN: $7 per round turn per standard lot

Commission by lot size on Raw:

• 1.00 lot, $7.00 per round turn
• 0.10 lot, $0.70 per round turn
• 0.01 lot, $0.07 per round turn

The $7 rate is competitive, though some rivals, like Fusion Markets’ Zero account, offer lower commission at $4.50 per round turn.

Financing charges

Overnight swaps apply on open positions. Rates vary by instrument and are set by liquidity partners. You can view long and short swap rates in MT4 or MT5 under Symbols, then Specifications.

Deposit fees

No deposit fees.

Withdrawal fees

No withdrawal fees from Global Prime. International bank wires may incur intermediary fees outside the broker’s control.

Inactivity fees

No inactivity fee.

Bottom line on fees

• Raw account: tight spreads with a fair commission
• Standard account: zero-commission trading with a spread markup
• No extra fees on top of swaps
• No non-trading fees

Desktop trading platforms

Global Prime supports two industry standards.

MetaTrader 4

MT4 is a trusted retail platform with:

• One-click trading, multiple chart types
• 30 built-in indicators and various drawing tools
• Nine timeframes, alerts, EAs, and MQL4
• Live quotes and stable order execution

Available on desktop, web, and mobile. The web version runs in modern browsers. Mobile apps work on Android and iOS.

Added tools:

• Forex VPS for 24/7 platform uptime, ideal for EAs
• Signals service inside MT4
• Automated trading with Expert Advisors

MetaTrader 5

MT5 builds on MT4 with:

• Level 2 pricing and depth of market
• Volume analysis and more timeframes
• Flexible, customizable interface
• EA support for automated strategies

Access depends on your entity. MT5 is available to clients registered with the Vanuatu-regulated site. Australian clients get MT4. MT4 and MT5 are available as desktop apps, web platforms, and mobile apps.

Account opening and KYC

The signup process is straightforward. Start from the homepage, click Start Trading, then complete the online form. You will need to upload KYC documents. The flow matches standard industry practice:

1. Create login credentials with a valid email and password.
2. Fill in personal details, including full name, date of birth, address, and phone number.
3. Choose your platform and account type, pick base currency, set leverage, and select a security question.
4. Complete a suitability questionnaire that covers income, employment, and trading experience. Approval depends on your answers.
5. Accept the Terms and Conditions.
6. Upload proof of identity and proof of address.

Account setup takes a few minutes, while verification can take up to 24 hours. After approval, fund your account to begin trading.

Highlights:

• Quick onboarding
• Suitability check included

Account types

Global Prime offers ECN accounts for both retail and institutional clients. Core features include:

• ECN best execution with access to 26+ liquidity providers
• Low latency from as little as 1 ms
• Commission options: zero commission or $3.5 per side ($7 per lot round turn)
• No minimum deposit
• Tight variable spreads
• Automated trade receipts for full transparency

Retail options:

• Standard ECN, commission-free, spreads from 0.9 pips, no added commissions
• Raw ECN, spreads from 0.0 pips, $3.5 per side ($7 round turn)

Both accounts:

• 150+ markets on MT4 and MT5
• Base currencies: AUD, USD, EUR, GBP, CAD, JPY, SGD
• No minimum deposit
• Trade size from 0.01 lots, up to 1000 lots
• Stop out at 20%
• Scalping, hedging, and EAs allowed
• Available to individuals, joint accounts, and corporations

Demo account

You can open an MT4 or MT5 demo account with virtual funds to test strategies without risk.

Notes:

• Standard, Raw, and Pro tiers are referenced in some materials
• No Islamic account option at the time of writing
• Free demo available

Global Prime Forex broker reviews and ratings are essential for traders looking to choose a reliable trading partner. These reviews help people understand how well a broker operates by sharing experiences from other users. Traders often look at factors like customer service, trading platforms, fees, and the variety of currencies available. A good rating usually means that a broker is trustworthy and provides good support for its clients. Websites that collect reviews often allow users to rate brokers based on their experiences, helping to create a clearer picture of each broker’s strengths and weaknesses. Reading these reviews can guide new traders in making informed choices. It’s important to consider both positive and negative feedback to get a balanced view. By doing so, traders can find a Forex broker that meets their needs and helps them succeed in the fast-paced world of currency trading.

Copy trading with GP Copy

Global Prime runs GP Copy, a proprietary copy trading service:

• Strategy providers can share signals with followers using a unique link
• Followers can copy trades after linking accounts
• Fee-free if you trade at least 2.5 lots of Forex/Metals per account per month, otherwise a $10 hosting fee applies
• Strategy providers can set performance fees up to 30%
• Available to clients registered under the Vanuatu entity

Highlights:

• MT4 and MT5 access
• Copy trading via GP Copy
• VPS hosting options

Mobile trading

MT4 and MT5 apps on Android and iOS give you full account access and near-desktop functionality. Trade, analyze charts, and manage positions on the go.

• MT4 and MT5 mobile apps
• 30 to 38+ indicators, rich charting tools, multiple timeframes
• Biometric login and 2FA supported

Notes:

• Third-party apps through Apple and Google stores
• Feature sets mirror desktop tools in a mobile layout

Markets and products

Trade 150+ instruments across:

• Forex
• Crypto CFDs
• Indices
• US Share CFDs
• Commodities
• Bond CFDs

The product range compares well with peers like IC Markets and Fusion Markets in FX and crypto. Stock CFD coverage is lighter than multi-asset giants, yet it includes popular U.S. names.

Forex

Trade 50+ pairs with spreads starting near zero on Raw. Minimum size is 0.01 lots, and the maximum per trade is 1000 lots. Maximum leverage differs by entity and client category. In Australia, retail clients can access up to 1:30 on forex, while Pro clients can access higher levels. The Vanuatu entity offers up to 1:500 where eligible.

Index CFDs

Trade major indices, including US30, UK100, and DAX. Pricing is sourced from specialist non-bank market makers. Expect tight spreads, no commissions, and maximum leverage up to 1:100 depending on the entity, with stricter limits for Australian retail clients at up to 1:20.

Crypto CFDs

Trade popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin against USD. You speculate on price moves without holding coins or using a wallet. The Standard account routes crypto trades with no commission. Nearly 40 crypto markets are available, with the ability to go long or short.

Commodities

Access 20+ commodities, including gold, silver, WTI, Brent, copper, and softs like coffee and sugar. Contracts are quoted against USD. Example: 1 lot of XAUUSD represents 100 ounces of gold. Commodities trade 24/5 on MT4 and MT5, have overnight financing, and do not expire. Leverage limits vary by entity and client category, with Australian retail caps typically lower than the Vanuatu entity.

US Share CFDs

Speculate on U.S. companies from the NYSE and NASDAQ. Trade long or short without owning shares. Leverage is up to 1:5 for ASIC retail clients, and up to 1:20 under the VFSC entity, with different margin call and stop out levels as stated by each entity.

Bond CFDs

Trade CFDs on three government bonds at the time of writing. No commission, competitive margins, and access through MT4 and MT5.

Key takeaways:

• Broad range of asset classes
• Flexible position sizing
• No options trading

Trade execution

Global Prime supports both STP and ECN execution. The Standard account uses STP pricing with a spread markup. The Raw ECN account provides direct pricing with raw spreads and a commission.

Liquidity comes from a mix of three prime brokers, 20+ tier-1 banks, and non-bank market makers. This helps deliver deep liquidity and fast fills. Orders are executed through a single tag, so liquidity providers see one client, Global Prime, which can help with fill quality and slippage.

Trading infrastructure is hosted in Equinix NY4 with direct fiber cross-connects to counterparties and technology partners.

VPS hosting is available via partners like ForexVPS. Running your platform on a VPS helps maintain uptime, reduces latency, and supports automated strategies.

What to expect:

• No dealing desk intervention
• Low latency execution
• Access to tier-1 liquidity
• Transparent post-trade data, including fill source, slippage, speed, and order book context

Deposits

You can fund your account in USD, AUD, EUR, GBP, CAD, JPY, or SGD. Third-party payments are not accepted. The account name must match the funding source. Joint accounts are allowed if one party matches the trading account holder.

Minimum deposits start from $10 for most methods, and PayID allows $1. Processing can be instant for cards, e-wallets, and many local options.

Supported deposit methods include, but are not limited to:

• Apple Pay, POLi, PayID, BPAY
• Credit or Debit Card
• Neteller, Skrill, PayPal, Mifinity, AstroPay, Perfect Money, Jetonbank, Bitwallet, FasaPay
• ZotaPay, Pagsmile, PayRetailers, PromptPay, QR Code
• DragonPay, GATE8, XPay, VNPay, Interac
• Local bank transfer, international bank transfer
• Crypto

There are no deposit fees from Global Prime. No deposit bonuses are available.

Highlights:

• No minimum deposit requirement
• Multiple base currencies
• Wide range of instant funding options
• No deposit fees

Withdrawals

Withdrawals are handled in the client portal. Funds are sent back to the original funding method where possible. No internal fees apply. International bank wires may incur intermediary costs outside the broker’s control.

Processing times:

• Local bank transfers: 1 to 2 business days
• International wires: 3 to 5 business days
• E-wallets and crypto: typically instant once approved
• Methods like GATE8, VNPay, and XPay: about 1 business day

Due to AML and CTF rules, the destination account must be in the same name as the Global Prime trading account.

Key points:

• No withdrawal fees except possible bank intermediaries
• No third-party payouts
• Fast processing after approval

Customer support

Support is available 24/7 via live chat and email, and by phone during business hours.

• Live chat: 24/7, quick response
• Phone: +61 (2) 8379 3622, available 24/5
• Email:
  • Accounts: [email protected]
    
  • Institutional: [email protected]
    
  • Compliance: [email protected]
    
  • Partners: [email protected]
    
  • Marketing: [email protected]
    

The website also has an extensive FAQ that covers account setup, funding, platforms, and trading.

What stands out:

• Helpful, fast live chat
• Clear FAQ library
• Multiple contact paths

Research and education

Global Prime provides learning materials for new and experienced traders:

• Video tutorials on technical and fundamental analysis
• Written guides on market topics and platform use
• Regular market commentary and articles
• Email newsletters with insights and updates
• A Discord community where traders share ideas and get answers from in-house experts
• Ebooks on key trading subjects

Highlights:

• Practical education that is easy to follow
• MT4-focused video help
• Active community chatroom

Safety and client money

Global Prime has been operating for more than a decade and is regulated in multiple jurisdictions. ASIC regulation requires strict standards, including segregated client funds held in trust with reputable banks.

Entity and regulation overview:

• FMGP Trading Group Pty Ltd, regulated by ASIC
• Gleneagle Securities PTY Limited, regulated by VFSC
• Negative balance protection is referenced in product documentation where applicable, though compensation scheme coverage is not listed

Takeaways:

• Strong oversight from ASIC
• Segregated client funds
• Multi-entity structure

Conclusion

Global Prime offers a strong all-around package for forex and CFD traders. It delivers competitive pricing, deep liquidity, and reliable execution on MT4 and MT5. Fees are clear and fair, with zero costs for deposits, withdrawals, and inactivity. The product list is broad enough for most traders, and the education suite adds value.

Reasons to consider Global Prime:

• ECN-grade conditions and transparency
• Low spreads on the Raw account, no commissions on the Standard account
• No non-trading fees
• Solid platform choice with helpful tools
• 150+ instruments across key markets
• Quick, helpful support
• Regulated since 2010 with a strong track record