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Is GLOBAL PRIME one of the best Australian Forex Brokers? We conducted an in-depth review in November 2018 to find out the answer and bring it to you!


Another complete and unbiased Review from Engine Forex

Established in 2010 as a subsidiary of Gleneagle Securities, a privately owned financial services firm, Global Prime is an Australian-based online Forex and CFD trading brokerage operation. Their head office is located in the heart of Sydney with further development and support offices available around the globe. 

Global Prime’s aim is to offer brokerage services that their clients feel comfortable and at ease trading with. They place a strong focus on delivering transparency, efficiency and support to all their clients. Strongly committed to ensuring transparency and integrity, Global Prime uses extensive monitoring and reporting techniques to offer a secure, premium and top-tier trading environment to all its clients.


Global Prime

Our Rating

The overall rating is based on review by our experts

8.3 4.2 1
  • Reliability 9 / 10
  • Spread 8 / 10
  • Customer Service 9 / 10
  • Offers 8 / 10
  • Speed of Execution 8 / 10
  • Uptime 8 / 10

This post is also available in: deDeutsch

Global Prime - Overview

Trading Conditions

  • Max Leverage
    200:1
  • Platform
    MetaTrader4
  • Min Deposit
    $500
  • Spread
    From 0.1 Pips
  • Cuts out Dealing Desk
    Yes

Methods of deposit and offers

  • Deposit / Withdraw
    VISA , MasterCard Neteller Bank Transfer
  • Welcome offer
    n/a
  • Rebates Engine Forex
    $1 per standard lot R/T!

Extras

  • Crypto
    n/a
  • Headquarter
    Sydney

SECURITY, MARGINS AND TECHNOLOGY

SECURITY AT GLOBAL PRIME

In Summary

  • ASIC regulated
  • High level transparency
  • High-level web security
  • No dealing-desk intervention

As a global Forex trading provider, Global Prime takes security very seriously. Authorised and regulated by the Australian Securities and Investment Commission (ASIC), a third-party government body, and further holding an Australian Financial Services Licence (AFSL), Global Prime maintains high legal standards within the industry. 

Setting a new standard in online trading transparency, Global Prime prides itself on being ‘one of the very few brokers worldwide that is willing to prove that all trades are sent to the liquidity providers’. They can provide a trade receipt for any trade that clearly discloses which liquidity provider filled the trade, thus proving all trades are sent to liquidity providers.

Global Prime employs trading servers that are managed by IT professionals to ensure that clients’ sensitive data is kept safe and secure. There are a variety of different features available that positively affect the availability and security of the trading platform, ranging from 24/7 support to advanced firewalls to keep traders’ systems safe and secure, allowing them to focus on their trading activities.

Setting a new standard in online trading transparency, Global Prime prides itself on being ‘one of the very few brokers worldwide that is willing to prove that all trades are sent to the liquidity providers’. They can provide a trade receipt for any trade that clearly discloses which liquidity provider filled the trade, thus proving all trades are sent to liquidity providers.

Spreads Comparison

GLOBAL PRIME
90
PEPPERSTONE
100
THINK MARKETS
80
IC MARKETS
100
CMC MARKETS
60
PLUS 500
30

CHARGES AND MARGINS AT GLOBAL PRIME

In Summary

  • Spread mark-up or
  • Exclusive to clients signing up via Engine Forex: $6 discounted commission per standard lot R/T!
  • Up to 200:1 leverage

As is the case with all brokers, clients pay a spread on every non-equity CFD and commission on every equity CFD trade.

Global Prime offers very low spreads, starting from 0.01. AUD, and relating spreads are generally below 0.1. Clients can choose to trade from 42 currencies and metals through tier 1 liquidity providers.

Index and commodity CFDs are traded at the real market price, and Global Prime takes a small commission per side of $7 per standard lot R/T with margin requirements from 1-3%.

Clients that sign up with Global Prime using our 'Visit Website' links receive an exclusive discounted commission rate of $6 per standard lot R/T!! 

The commission fee can further be drastically reduced for the dedicated, high-volume or institutional trader after liaising with Global Primes’ account management team. 

The CFD indices markets that are available include Australia 200, US 500, German 30, UK 100 and Hong Kong 40.

TECHNOLOGY

In Summary

  • Excellent trade execution
  • MT4 broker
  • VPS available

Global Prime very specifically selects its technology providers to ensure its clients benefit from the highest quality. By maintaining a close relationship with all technology providers and through constant monitoring and reporting, they can refine their trading environment to reduce slippage across the board. Their trading environment is continually being refined and tweaked to ensure it is always up to date.

Global Prime strives to offer a comprehensive range of the world famous MT4 trading platforms to suit all client needs, no matter which device is in use. Fast, reliable execution is provided through servers in Equinix NY4 providing a 1 m/s connection when used with Global Prime’s Beeks FX VPS.

Clients generally use MetaTrader 4 as a standard trading platform, which is available for Windows, iOS, iPhone and Android users. They can further receive great discounts on certain bundle features, and this sets Global Prime’s trading standard further apart from some other brokerage firms in terms of speed and reliability. For example, Global Prime and ForexVPS.net have joined forces to provide clients with a robust and reliable VPS solution for MetaTrader 4 EAs and signals. A discounted rate for ForexVPS servers is offered and the option to access a free VPS depending on how much a client trades each month is also available. The benefits of using ForexVPS are that latency is drastically reduced to 1ms with Global Prime trading servers, a 100% uptime guarantee and SSD servers (which allow for a faster data retrieval).

Professional traders can access their very own trading servers, which offer them the speed, high security and flexibility they need to succeed with their trading strategies. Global Prime’s account management team can help set up this option if you are a professional trader or simply want to take your trading to the next level.

Global Prime strives to offer a comprehensive range of the world famous MT4 trading platforms to suit all client needs. Fast, reliable execution is provided through servers in Equinix NY4 providing a 1 m/s connection when used with Global Prime’s Beeks FX VPS.

Execution of Speed Comparison

GLOBAL PRIME
85
PEPPERSTONE
100
THINK MARKETS
90
IC MARKETS
100
CMC MARKETS
90
PLUS 500
70

CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES

AN OVERVIEW OF GLOBAL PRIME's CUSTOMER SERVICE AND CLIENTS

In Summary

  • 24/5 customer support
  • Global presence with clients in over 100 countries
  • High level of transparency

Servicing clients in over 100 countries worldwide, Global Prime offers dedicated 24/5 customer support to all its new and existing clients.

It offers a fast and efficient sign-up and account creation process as well as an unparalleled level of transparency and commitment to complete customer satisfaction.

Global Prime takes further pride in ensuring that the support it provides is of premium quality and that its clients always remain its highest priority. Its entire support team is structured in-house, preventing the delays and inaccuracy associated with outsourced call centers. Its dedicated team is fully equipped to assist with any inquiry you may have at any time of the day.

As a ‘prime-of-prime broker’, Global Prime offers superior spreads, a high diversity and range of liquidity and fast execution. Both institutional and retail traders can benefit from this all-encompassing approach.

FOREX AND OTHER TRADING OPTIONS AT GLOBAL PRIME

In Summary

  • 42 currency pairs & metals
  • One of Australia’s top Forex brokers

Spread sizes on Forex start from a very low 0.01 pips, and traders can choose from more than 42 currencies and metals. Global Prime offers a competitive standard 100:1 leverage, with a 1% margin requirement and the option to access a 200:1 leverage with a 0.5% margin requirement. Its clients can start trading with deposits of just $500. 

Commissions are usually set at a $7 per standard lot R/T but can be reduced depending on trade sizes, frequency and strategy. 

However, clients signing up with Global Prime via our Engine Forex pages will further receive an exclusively discounted commission rate of $6 per standard lot R/T!! Make sure to sign up with Global Prime through one of our direct links today to receive this unique offer!

SPECIAL FEATURES OF GLOBAL PRIME

In Summary

  • MT4 broker
  • Great bundle offers for fast & reliable execution
  • Tight spreads & leverage of up to 200:1
  • Beeks FX VPS offering

In addition to a pioneering approach in terms of transparency, a decent variety of trading opportunities, great customer service presence and customer satisfaction focus, all Global Prime’s clients can take advantage of some interesting features and benefits.

A volume rebate scheme is offered to high-volume traders, and this drastically reduces commissions.

As an example, Global Prime account holders can take advantage of stops, limits and alerts and even have the opportunity to access some great bundle offers that are specifically designed for fast and reliable execution and are not only aimed at professional traders.

Members can also benefit from a discounted rate for ForexVPS servers and the option to access a free VPS depending on how much clients trade each month.

Traders who manage multiple accounts can take advantage of the Multi Account Manager (MAM) and Percentage Allocation Module Management (PAMM) accounts, which are great platforms for traders who need to manage a lot of different accounts from one location.

Global Prime has also partnered with Beeks FX and offers a free or discounted rate for Beeks FX VPS hosting. Trading with Beeks FX VPS ensures rapid trade execution, a stable environment and high accessibility. 

Alternatively, traders may take advantage of Global Prime’s NewYorkCityServers.com discount offer of 20%. The benefits of this membership include guaranteed enterprise grade server hosting with only 1ms latency to Global Prime servers.

In addition to a pioneering approach in terms of transparency, a decent variety of trading opportunities, great customer service presence and customer satisfaction focus, all Global Prime’s clients can take advantage of some interesting features and benefits.

Max Leverage Comparison

GLOBAL PRIME
200:1
PEPPERSTONE
500:1
THINK MARKETS
400:1
IC MARKETS
500:1
CMC MARKETS
500:1
PLUS 500
300:1

IN CONCLUSION

Global Prime is a pure MT4 broker with a simple approach and high-quality standard. With one of the highest transparency standards in the industry not only their trustworthiness is at a top level. Today, Global Prime is one of Australia's top Forex brokers offering excellent trading conditions, including fast processing and a stable trading environment. 

Clients that sign up with Global Prime with our direct link below receive an exclusive discounted commission rate of $6 per standard lot R/T traded!