Global Prime Forex Broker, Global Prime Review, Global Prime Information

Vantage FX is a forex and CFD broker, regulated by the top-tier ASIC. Vantage FX is primarily a forex broker with some CFD and cryptocurrency instruments. The major difference is that you can set alerts and notificationson the desktop trading platform, in the form of mobile push and email notifications.

Global Prime allows Expert Advisors automated forex trading on their Metatrader4 platform. Traders are required to deposit $500 in order to open an account with Global Prime FX, which is a bit too high initial amount, however this is probably due to the ECN execution. Founded in 2010, Global Prime FX provides foreign exchange trading services directly and through established relationships with some of the most trusted names in the industry. The brokerage’s head office is located in Sydney and it supports a number of offices worldwide. Keep in mind that swap-free accounts are not available with this broker.

This is by no means market leading in terms of number available but the big coins are covered and possibly as importantly the spreads on execution are very tight. The MetaTrader app is particularly strong in that it facilitates in depth research and analysis even on smaller screens.

  • All of the information you will need to get started trading forex with Global Prime.
  • The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees.
  • Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment.
  • Get started with global prime by opening a demo or live account.
  • Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite.
  • While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.

The foreign exchange market is a global, decentralised, over the counter market for trading currencies. Forex trading involves the buying of one currency known as fx choice the review the base currency against another currency pair known as the counter currency. Traders aim to anticipate that one currency will rise or fall against another.

Vantage FX has an average forex selection but the stock CFD lineup exceeds its main competitors. Stock CFDs typically include the largest companies listed on the UK, US, Australian, and Hong Kong markets. Amongcryptos, you can trade Bitcoin, Bitcoin cash, Ethereum, Litecoin, Ripple, and Dashcoin against USD. You can only deposit money from accounts that are in your name. Even though deposit is free of charge, there are some exceptions. Opening a digital bank account only takes a few minutes on your phone. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee.

Author Of This Review

Global Prime FX takes a general commission of $7 per 100k traded round turn. Commission can be negotiated for clients trading more than 1000 lots per month. Global Prime offers clients the choice on how our commission is paid – our clients can choose from paying commission or we can build the commission into the spread. Please note there is an inbuilt markup to the Interbank spread to cover exchange related fees. Designed for money managers looking to automate trade allocation. A Multi Account Manager is designed for money managers who are looking for extensive flexibility when they are sub-allocating their trades on a single master account. The great advantage of trading with GlobalPrime is the very tight spreads they offer.

Global Prime Forex Broker Review

The spread on EURUSD starts as low as 0.1 pip, plus $7 per full traded lot. Note that there are even special features and improved trading terms for professional and institutional investors. Due to their NDD model, all orders are filled fast and the slippage is very low too.

Global Prime Broker Review

Lines, channels, geometric shapes, as well as Gann, Fibonacci and Elliott tools can all be applied and users can open up to 10 windows at one time. This is a higher spec than found on most trading apps and allows traders the opportunity to gain maximum advantage. Global Prime offers iOS and Android mobile trading applications for its MetaTrader platforms, available directly from developers on the iTunes Store and Google Play. Cross-referencing to online comments made by members of the trading community backed up our researcher’s findings. Any broker which engages with its clients enough to earn a four-star rating on the Forex Peace Army site is doing something right. TraderEvolution has similarities to MetaTrader, it comes equipped with the same market leading pricing and execution as MetaTrader. In some ways it takes trading a step closer to institutional grade by offering greater transparency over the available liquidity, Level 2 pricing, and Volume analysis.

Global Prime FX provides prices, and provides accessibility for clients to fill trades. Global Prime FX gives our clients access to major and minor world currency pairs and precious metals.

All in all I would just say take what you read on FPA with a grain of salt. All contents on this website are for informational purposes only and do not constitute financial advice. Consult your country of residence’s appropriate financial professionals to acquire personalised advice prior to making any investing or trading decisions. The website may get reimbursement from the services or brands mentioned on this site. Global Prime allows you to open an account with your choice of base currency, to make money deposits or withdrawals more convenient.

It is worth noting that a balance of $1000 or more is needed to use this platform. Developed by Russian software company MetaQuotes, MT4 is the most widely used forex trading platform.

Global Prime Forex Broker Review

You may also choose the most appropriate option to pay – with Credit/Debit Cards, Neteller, Skrill, Wire Bank Transfers or BPay. 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. 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. 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.

Detailed Global Prime Review 2020: Forex, Cfd’s And Crypto Regulated Broker

The brokerage specializes in the trading of Forex as well as Equities Index and Commodity CFDs. GlobalPrime is owned and operated by Gleneagle Securities Pty Ltd and is headquartered at Global Prime Forex, Suite 604, 35 Grafton Street, Bondi Junction, Sydney NSW 2022, Australia.

Global Prime FX accepts Bank Wire transfers in either AUD, USD, GBP, EUR, SGD, CAD. Global Prime FX also accepts Credit Card deposits in AUD, USD, GBP and EUR. Note, all Credit Card transactions incur a 3.25% deposit charge, whilst Bank Wire transfers are generally free unless processed via an Intermediary Bank, in which case we have no control over the charges. Global Prime FX is an international foreign exchange broker that caters to retail, wholesale and institutional clients.

Global Prime Forex Broker Review

To show that Global Prime does not profit from client losses we can provide a trade receipt on any trade taken which shows which bank/Liquidity Provider filled the trade. Trading Brokers have spent thousands of hours researching and conducting in-depth analysis on hundreds of online trading brokers. Global Prime offer a various funding and withdrawal methods including bank wire, credit card, Skrill and Neteller if you need something instantaneous. They do not charge fees for deposits or withdrawals although international bank transfers may incur a separate fee.

In properly regulated jurisdictions, these issues mentioned above can be avoided by looking at the broker’s order execution policy and customer agreement docs to see how they operate. Fp Markets is another broker like Ic markets, pepperstone, ecc… Australian broker with ASIC regulation. Yes I trade 6 brokers at same time and pushing same trades to all brokers. 2ndSkiesForex has partnered with Global Prime to be our primary broker, offering excellent customer service and pricing. You can get a free MT4 demo account with them in multiple currencies. I have seen brokers actively target their competitors and write negative reviews on their page. Additionally, I have seen plenty of IBs and Affiliates of brokers go and leave positive reviews to help their business.

Trading Platform

Free VPS is also available thanks to a partnership with This additional service is available for free if your trades total at least 20 lots per month. Unlike a number of other brokers, Global Prime does not at present offer clients an Islamic swap free account and doesn’t have an account option that complies with Sharia law. Research and educational tools are limited and instead a lot of the good things about Global Prime are ‘under the hood’.

Feb 9, Stars Global deposit withdrawal methods are missing, only bank cards, bank transfer and neteller. Not enough at all, i hope that can be possible other options Good trades. Let other traders know if this service is worth checking or should be avoided. Global eur Prime is a place where everybody is family, the brokerage itself and us the clients know and support each other trade and grow in the discord community chat room. User support is simple, great, fast, friendly and exciting even online on their website.

Global Prime Forex Broker Review

Bank transfers may take a few business days to clear whilst some methods such as card payments can be instant. Accounts can be opened in AUD, USD, EUR, GBP, SGD, CAD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. In addition, they can be reached via social media platforms Facebook and Twitter, which they use to keep followers updated with market events and economic releases.

Global Prime Forex

The brokers emphasis on putting its clients in a good position to trade is backed up by very competitive fee structure. Global Prime Review concludes a great balance between trading offering and overall conditions broker maintains.