Global Prime vs FXOpen

Global Prime vs FXOpen Comparison Table 2024
Global Prime	FXOpen
Review 3.8	Review 3.7

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.	FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.
Customer Reviews
	5 Based on 6 FXOpen customer reviews
Comment by Reviewer
"Global Prime is suitable for both beginners and seasoned traders with excellent market access, low fees and a range of tools including copy trading."	"FXOpen is a good, reliable all-round broker with competitive pricing that will especially suit high-volume traders who can benefit from fee discounts."
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	No requotes Phone dealing News trading 600+ instruments True ECN model Scalping permitted Multiple payment methods Bonuses and trading contests Unlimited demo account Copy trading (global traders) Low minimum deposit (global traders) MT4, MT5, TradingView & TickTrader platforms
Cons
Clients from US and Canada are not accepted Narrow range of account options No MetaTrader 5 integration	Inactivity fee Withdrawal fees apply for some methods No access to all instruments on some accounts
Awards
	Best ECN Broker 2012 - Masterforex-V Best Forex Broker in Australasia 2011 - World Finance Magazine Best Islamic Forex Broker 2011 - IB Times Trading Awards Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards Best Trading Platform 2010 - Falcon Awards
Instruments
Forex, indices, commodities, cryptocurrencies, shares, bonds	Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares
Demo Account
Yes	Yes
Minimum Deposit
A$200
Trading Platforms
MT4 TradingView AutoChartist	MT4 MT5 TradingView
Payment Methods
BPAY Credit Card Dragonpay FasaPay JetonCash Mastercard Neteller PayPal POLi Skrill Visa Wire Transfer	ADVcash Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa WebMoney Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC, VFSC, FSA	FCA, CySEC, ASIC
Margin Trading
Yes	Yes
STP Account
Yes	Yes
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Yes	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
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.	FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade are supported, two of the highest-rated and easiest to use third-party copy trading platforms on the market.
Social Trading
Yes	Yes
Trade Signals
	Yes
VPS Hosting
Yes	Yes
Tournaments
No	Yes
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$10
Islamic Account
No	Yes
Account Currencies
USD EUR GBP CAD AUD SGD	USD EUR GBP AUD JPY CHF HKD RUB
Stock Exchanges
Australian Securities Exchange (ASX) DAX GER 40 Index Dow Jones FTSE UK Index Nasdaq S&P 500	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange S&P 500
Commodities
Copper Gold Oil	Gasoline Gold Oil Silver
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.	FXOpen offers CFDs on multiple assets including forex, stocks, commodities, indices, cryptocurrencies and ETFs. Leverage and spreads vary by instrument, with spreads starting from zero and fast order execution.
Leverage
1:200	1:30 (EU), 1:500 (Global)
FTSE Spread
0.84	0.8
GBPUSD Spread
0.64	0.2
Oil Spread
1.6	4.0
Stocks Spread
Variable	N/A
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.	FXOpen clients can trade 50+ forex pairs (28 on micro accounts) with leverage up to 1:30. Fees are competitive with spreads starting from zero with a small commission on ECN accounts, and slightly wider spreads and no commission on STP accounts.
GBPUSD Spread
0.75	0.2
EURUSD Spread
0.16	0.2
EURGBP Spread
0.85	0.2
Assets
48	50+
Cryptocurrency
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.	FXOpen offers CFDs on 40 cryptocurrency pairs, including cross-pairs with BTC as well as pairs with various fiat currencies such as GBP, USD and JPY. Crypto CFDs are tradeable with leverage of 1:2. Only pro traders can access crypto derivatives in the UK.
Spread
Floating	Variable
Coins
BTC BCH LTC ETH XRP	BTC BCH ETH LTC ETC EOS DSH XRP IOT XMR NEO
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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