Global Prime Review 2023

/ 5
Global Prime is #75 in our CFD broker rankings.

Global Prime is suitable for both beginners and seasoned traders with excellent market access, low fees and a range of tools including copy trading.

- DayTrading Review Team

Global Prime is a multi-regulated trading broker offering 150+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation with a license from the ASIC.


Demo Account

Copy Trading

MetaTrader 4
MT4, TradingView, AutoChartist
Forex, indices, commodities, cryptocurrencies, shares, bonds
Credit Card, Neteller, Wire Transfer, PayPal, Visa
and 7 more

Forex Trading

Global Prime traders can access 48 forex pairs including majors, minors and exotics with tight spreads from 0.9 with no commission or from 0 with a $7 round turn. Forex is traded via the leading MT4 platform, micro lots are available and latency is low via a New York-based server.

Stock Trading

Global Prime traders cannot speculate on individual stock prices, but they can trade 12 global stock index CFDs with tight spreads, including the Dow Jones, UK 100, NASDAQ and S&P 500.

CFD Trading

Global Prime offers CFD trading opportunities on 150+ global markets including forex, indices, commodities, cryptocurrencies and bonds. Spreads are tight with a raw ECN account available starting from zero.

Crypto Trading

Global Prime crypto CFDs cover a good range of 35 tokens with impressive commissions of 0.1% and leverage available in some jurisdictions. The tokens include Bitcoin, Ethereum and other popular choices as well as smaller tokens like Sandbox and Avalanche.

Copy Trading

Interact with and copy the trades of experienced investors with Global Prime's exclusive copy trading service. Over 40 different setups can be copied on the popular Myfxbook Autotrade platform.

✓ Pros

  • Full range of investments with 150+ assets including crypto
  • Low latency with execution speeds from 10ms
  • Wide range of deposit options with zero fees
  • Segregated client funds
  • 24/7 customer support
  • $0 minimum deposit
  • Trade receipts
  • ECN account
  • VPS

✗ Cons

  • Clients from US and Canada are not accepted
  • Narrow range of account options
  • No MetaTrader 5 integration

Global Prime is an online ECN broker, offering trading in forex, CFDs and commodities. The company specializes in low-latency connectivity to tier-1 bank liquidity. Our 2023 review explores its spreads, commissions, leverage, opening a live account and more. Find out whether to register for an account with Global Prime.

Company Details

Global Prime was founded in 2010. It is based in Australia and caters to retail and institutional traders around the world. It offers popular platforms including MT4, TraderEvolution and FIX API, as well as multiple asset classes such as forex, CFDs and commodities. The broker offers straight-through processing and fast execution with their ECN facilitating direct access to 26+ liquidity providers.

The Global Prime Group is comprised of a network across Australia (Global Prime PTY Ltd), Vanuatu (Gleneagle Securities PTY Limited), and Seychelles (Global Prime FX Ltd). They are regulated by the ASIC, VFSC and FSA.

The company’s leadership team has a combined experience of 80+ years within financial trading and related markets. Their investing services are used by traders globally and are available in 196 countries, including the UK, though traders from United States are prohibited from opening an account.

Global Prime’s head office is located in Australia.

Ethical Dealing Model

Global Prime adopts an ethical dealing model. This means that instead of trading against their clients, they focus on connecting clients to markets.

It is estimated that 95% of forex and CFD brokers operate B-books models, allowing them to generate profits at the expense of their clients.

Trading Platforms

Global Prime offers three trading platforms: MetaTrader 4, TraderEvolution and FIX API.

MetaTrader 4

Clients can trade with the well-known MT4 platform, popular amongst forex traders. MT4 offers advanced charting functionality, 30 built-in indicators, one-click trading, and automated investing through APIs, among other features.

The MT4 platform is suitable for clients looking to enjoy institutional style trading or scalping strategies. The platform is also suited to both new and more advanced traders.

Key features include:

Global Prime MT4 review
MetaTrader 4

MetaTrader 4 is available on Windows, Mac, Web, iOS and Android.

How To Place An Order

  1. Download MT4 and login to the software or open the webtrader terminal
  2. Select file, new chart and then choose an asset from the list
  3. Select the new order icon in the top left of the chart
  4. Enter your trade requirements, including market execution or pending order, take profit and stop loss, volume
  5. Select sell or buy to confirm the order
How to trade on Global Prime
Placing A Trade


The TraderEvolution platform caters to professional traders who seek more advanced functionality for order entry, analysis and algorithmic trading. It comes with 10+ fully customizable chart types, multiple time frames, ability to view market depth and one-click trading.

It is equipped with the same pricing and execution as the MT4 platform but offers greater transparency over liquidity, level 2 pricing, DoM trading and volume analysis.

Global Prime TraderEvolution review

TraderEvolution is available on Windows, iOS and Android.


The FIX API solution is also designed for professional traders who are looking to deploy proprietary algorithmic trading solutions with the lowest possible latency. The platform is best suited to experienced traders who want the flexibility to use any programming language.

What is particularly useful is the ability to connect directly with trading servers in real-time, as opposed to going through third-party programs such as MT4. For easy account management and access, trades are drop copied to either an MT4 or TraderEvolution account.

Global Prime office network

The solution requires a minimum deposit of USD $10,000 and comes with a USD $2,000 monthly commission. With that said, fees may be negotiable with Global Prime customer support services.

Global Prime Assets

Clients can trade 100+ markets across forex, CFDs and commodities:

Spreads & Commission

Spreads at Global Prime are variable starting from 0.0 pips. Typical spreads on leading pairs EUR/USD are 0.16 and 0.75 on GBP/USD. Typical spreads on the FTSE 100 are 0.84 and 1 on the Nasdaq 100.

Global Prime only charges commissions on forex and metal trades with the ECN account. Commission charges per standard lot are as follows: 7 AUD, 7 USD, 6.2 EUR, 5.4 GBP, 9.5 SGD, 9 CAD.

The company also offers competitive overnight swap rates, which are taken directly from the interbank market.

Leverage Review

Global Prime leverage ranges from 1:1 to 1:100. The company asserts that these are the maximum rates traders can utilize without it being detrimental to their profitability or success. 1:100 standard leverage has a 1% margin requirement. Leverage limits do vary by asset class.

Global Prime does offer negative balance protection for clients registered with Global Prime Pty Ltd (Australia) regulated by ASIC. There are also protocols in place to try to mitigate the possibility of a negative balance including a 120% margin call level. More details can be found on the brokerage’s website. Should your account head into negative balance, the user simply has to deposit the amount required to bring the balance back to zero.

Mobile Apps

Clients have access to the TraderEvolution platform on the go via the recently launched, TraderEvolution mobile app. The app is available to download from the Google Play Store and iOS store. Multiple languages are supported and it is free to download.

Traders can also access the MT4 app on iOS and Android devices. Free to download from the App Store and Google Play, the MT4 Android and iOS apps offer most of the functionality of the web version, with some limitations in charting and viewing options. Overall though, customer reviews and rankings of the mobile solution are excellent.

Global Prime MetaTrader ratings
MT4 App

Payment Methods

Deposit and withdrawal funding requests are actionable through Global Prime’s client portal. The brokerage offers a wide range of deposit methods. Deposit requirements range from AUD $1 to AUD $200. While all are fee-free, processing times do vary:

Users are able to deposit funds in six base currencies: USD, AUD, GBP, EUR, CAD & SGD.

Withdrawals are available through Mastercard and Visa, bank wire and Neteller. With card payments, processing times range from 1-10 days. Bank wire takes 1-2 business days (AU) and 3-5 business days (Int.). Neteller withdrawals are instant once actioned.

Global Prime does not charge any finance or withdrawal fees but will pass on any bank charges to the client.

Demo Account

Global Prime offers a free demo account across its MT4 and TraderEvolution platforms. Traders can explore platform functionalities and practice strategies, risk-free. Demo accounts are credited with $5,000 in virtual funds.

Demo accounts are recommended for all, irrespective of experience level.

When ready, clients are able to upgrade to a live account with real capital.

Global Prime Bonuses

Our experts found that apart from its referral program, Global Prime does not offer any bonus deals or promotions at the time of writing. However, you can check its website and social media pages for news of future promos and competitions.

Regulation Review

Global Prime is fully licensed and regulated as a group of contracting entities across Australia, Vanuatu and Seychelles. Global Prime PTY Ltd is regulated by the Australian Securities and Investments Commission (ASIC) under license number 385620. Gleneagle Securities PTY Limited trading as Global Prime FX is regulated by the Vanuatu Financial Services Commission (VFSC) under license number 40256 and Global Prime FX Ltd is regulated by the Seychelles Financial Services Authority (FSA) under license number 8426189-1.

More experienced traders are likely to take caution with the VFSC and FSA regulatory bodies. The VFSC, for example, allows for the quick and easy setup of companies and offers limited client protection. Fortunately, ASIC is considered a top-tier regulator.

Global Prime conducts regular independent external audits of its financial and compliance arrangements and has no adverse record from any financial regulator, government body, or court of law.

Additional Features

Global prime social investing
Social Trading

Account Types

Global Prime only offers one account type – The ECN Account. Global Prime’s ECN comes as Individual, Joint, Corporate and Trust solutions.

ECN account features include:

Opening an account is straightforward and simply requires proof of identity and address. Members can also sign in and manage their accounts through the client portal.

Clients can choose between two fee models: commission-free or spreads + commission.

Account holders can trade using AUD, USD, GBP, EUR, SGD, or CAD.

Note that the minimum first-time deposit for a live account is AUD $200 or equivalent.

Trading Hours

When we used Global Prime, we found trading hours on forex, indices and commodities markets are open 24/5 from Monday to Friday. Specific trading hours for each market can also be viewed on the Global Prime website or on the MT4 and TraderEvolution platforms.

Customer Support

The broker’s customer support team is available 24/5, Monday to Friday. They can be reached via email at, via phone at +61 (2) 8379 3622 or directly through live chat.

While using Global Prime, the customer support team were knowledgeable and responsive.

Security & Safety

Global Prime is a transparent and legitimate online broker, providing automated trade receipts that detail fill speed, slippage, spread and liquidity provider. The company is also transparent about how they generate income via commissions, swaps and interest. In addition, the MT4 platform provides high-tech encryptions, secure logins, and industry-standard data privacy.

While using Global Prime’s platform we did not have any security concerns.

Global Prime Verdict

Our experts found that Global Prime offers a promising trading environment for traders of all experience levels. While the broker doesn’t offer the widest variety of instruments, it provides competitive spreads on leading pairs and indices. The broker is also regulated and transparent regarding the security measures in place to protect clients and operates an ethical trading model. Overall, we’re comfortable recommending Global Prime to our traders, particularly experienced investors looking for advanced trading tools.

Accepted Countries

Global Prime accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Global Prime from United States, Canada.

Payment Methods

Global Prime Details

Minimum Trade 0.01 Lots
Regulated By ASIC, VFSC, FSA
Account Types
  • STP
  • ECN
Islamic Account No
Mobile Apps iOS & Android
Margin Trading Yes
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning Yes
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting Yes
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes
Social Trading Yes
Guaranteed Stop Loss No
Stock Exchanges
  • Australian Securities Exchange
  • DAX GER 40 Index
  • Dow Jones
  • FTSE UK Index
  • Nasdaq
  • S&P 500
  • Copper
  • Gold
  • Oil

CFD Trading Details

FTSE Spread 0.84
GBPUSD Spread 0.64
Oil Spread 1.6
Stocks Spread Variable
Leverage 1:200

Forex Trading Details

GBPUSD Spread 0.75
EURUSD Spread 0.16
EURGBP Spread 0.85
Assets 48

Cryptocurrency Trading Details

Crypto Spread Floating
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP

Compare Global Prime

Compare Global Prime with similar brokers that accept traders from your location. Among available brokers these are the most similar to Global Prime:

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  3. Kwakol Markets – Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of asset classes are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
    Go to Kwakol Markets

Global Prime Comparison Table

Compare Global Prime With Similar Brokers
Global Prime IG Group Just2Trade Kwakol Markets
Rating 3.8 4.4 3.5 4.5
Markets Forex, indices, commodities, cryptocurrencies, shares, bonds CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit A$200 $0 $100 $1
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus Up to $2,000 for professional accounts
Education No Yes No No
Platforms MT4, TradingView, AutoChartist MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5, AutoChartist
Leverage 1:200 1:30 (Retail), 1:250 (Pro) 1:20 1:1000
Payment Methods 12 6 20 4
Visit Visit Visit Visit
Review Global Prime
IG Group
Kwakol Markets

Compare Trading Instruments

Compare the markets and instruments offered by Global Prime and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Global Prime Trading Instruments
Global Prime IG Group Just2Trade Kwakol Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper Yes Yes No Yes
Silver No Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes No
Bonds Yes Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

Global Prime vs Other Brokers

Compare Global Prime with any other broker by selecting the other broker below.

Global Prime vs

The most popular Global Prime comparisons:

  1. IC Markets vs Global Prime
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  3. Global Prime vs CMC Markets


Is Global Prime Regulated?

Yes, Global Prime is licensed and regulated by the Australian Securities and Investments Commission (ASIC) under license number 385620, the Vanuatu Financial Services Commission (VFSC) under license number 40256, and the Seychelles Financial Services Authority (FSA) under license number 8426189-1.

Does Global FX Offer A Demo Account?

Yes, Global Prime offers a demo account where you can place simulated trades, explore platform features and test strategies without risking real money.

How Much Capital Do I Need To Trade With Global Prime?

The minimum first-time deposit for an ECN Global Prime account is $200. There is a minimum deposit of USD $10,000 required to get FIX API access and it comes with a USD $2,000 monthly commission.

Is Global Prime A Good Broker?

Global Prime is a legitimate brokerage that abides by regulations and practices good financial governance. The company also offers competitive spreads and reputable trading platforms. Its educational tools, coupled with over a decade of industry experience make it a good option for prospective traders.

Is Global Prime A Trustworthy Broker?

Global Prime is a regulated and trusted broker with positive user reviews. Client funds are held in segregated tier-1 accounts. The broker also promises transparency and operates an ethical dealing model, meaning that it doesn’t profit from client losses.

Global Prime is a multi-regulated trading broker offering 150+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation with a license from the ASIC.