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Global Prime – Broker Review and Trader Feedback 2024

3.9 / 5

What makes Global Prime special is being the highest rated broker on Forex Peace Army, the world’s most prominent, trusted, and impartial review site for Forex and CFD providers. There’s a good reason for this, so keep reading to learn why traders trust and love Global Prime.

General Information

Global Prime is a 100% Australian owned and operated FX and CFD provider that was founded in 2010.

Global Prime’s core specialty is providing low latency connectivity to the world’s premier ECNs and Tier-1 bank and non-bank liquidity providers, fast execution from as low as 1ms and incredibly tight spreads starting from 0.0 pips.

Global Prime holds an Australian Financial Services License (AFSL) number 385620 and is authorised and regulated by the Australian Securities and Investments Commission (ASIC).

Global Prime also holds multiple Financial Services Licenses that enable it to accept clients from across the world. The licenses held by the Global Prime group include:

  • 2010 to present – Australian Securities and Investments Commission (ASIC) – AFSL 385620
  • 2019 to present – Vanuatu Financial Service Commission (VFSC) – Company number 40256
  • 2020 to present – Seychelles Financial Services Authority (FSA) – License number SD057


So far, the Global Prime group of companies has had no adverse regulatory or judicial findings against it from any financial regulator, government body, court and so on.

Advantages and Disadvantages

Radical transparency: Global Prime is one of the few brokers in the world who provide trade receipts so you can see the liquidity provider who filled your trade. No more worrying about your broker, just focus on your trading!

World class pricing and execution: here you can enjoy the benefits of institutional trading environment with some of the best spreads, deepest liquidity, and fastest execution in the market. Spreads start from 0.0 pips. You can also check the quality of pricing and execution, using the trade receipts.

Discord trading community: Global Prime runs its own online trading community. There you can ask anything and get responses from frontline staff to senior management, join in the discussion with professional traders who provide market analysis and trade ideas, or even just chat with other likeminded traders.

The best customer support: Global Prime is the world’s highest rated broker on Forex Peace Army with good reason. Here the support staff is trained to treat you like you’re sitting in the office with them, with patience, courtesy and respect any person deserves.

No negative Balance Protection for Global Prime clients: being an A-book only broker (ECN, STP, NDD), Global Prime doesn’t offer negative balance protection, so trade responsibly.

No bonuses: no bonuses or deposit promotions, which also stems from being an A-book broker (ECN, STP, NDD).

Trading Conditions

Since 2010, Global Prime’s specialty has been in providing institutional clients with low latency connectivity to the world’s premier ECNs and Tier-1 liquidity. They now offer the same experience to all Global Prime clients and aim to be the #1 retail broker in the world for pricing and execution across all of their markets.

Global Prime’s pricing and execution is currently amongst the best in the world with tight ECN spreads starting from 0.0 pips and fast execution speeds as low as 1ms.

Leverage is a default 1:100. They don’t typically offer more than this. As above another trade-off of an A-book only broker, with real market exposure, they don’t profit from clients losses.

Underlying Assets

Global Prime offers a total of 70+ products to trade with more being added all the time. Covering FX, Metals, Energies, Indices, Commodities and Crypto. See the full list of products and asset classes on the range of markets page on the Global Prime website.

  • 48 Currency pairs: Covering all the majors and minors plus the most traded exotic currencies.
  • 4 Metals: Silver, Gold, Palladium and Platinum.
  • 3 Energies: Brent Oil, US Crude and Natural Gas.
  • 12 Equity indices: Major world indices, US500, US30, GER30, UK100 and more.
  • 5 Cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.
  • 11 Commodities: Cocoa, Coffee, Corn, Cotton, Soybean, High-grade Copper, Sugar and Orange Juice.

Trading Platform

Global Prime offers MT4 and TraderEvolution trading platforms to clients on the ECN Account. Institutional clients can trade via FIX API also.

MT4 and TraderEvolution are accessible by desktop applications on both Windows and MAC, mobile apps, and webtraders.

MetaTrader 4 (MT4) – still the world’s most popular trading platform; the simple, robust and popular MT4 trading platform has been offered by Global Prime since 2010. What makes Global Prime special is the suite of features they’ve added to empower traders. Combining MT4 with the market leading trading conditions of the ECN account, plus the institutional grade transparency through trade receipts, plus the trading community where you can converse with other traders.

TraderEvolution – TraderEvolution is a next generation multi-asset trading platform designed for serious traders seeking more advanced functionality than is available through most retail trading platforms. TraderEvolution has advanced functionality for order entry, detachable charts, real-time reports, Algo trading, level 2 pricing (orderbook) with DoM trade functions and many other features.

Mobile Trading

The MT4 and TraderEvolution platforms are available as mobile apps in the Apple and Google Play stores. Links to these can be found on the Global Prime website, client area, or by simply doing a search in the app stores.

Mobile trading has the same products and pricing as the desktop applications however, functionality is more limited. The apps are there for convenience and to keep an eye on your account; for this, they are perfect. Just don’t build a trading plan around trading from a train, on your phone!

Available from the Apple and Google Play stores are:

  • MT4 mobile for Android devices and tablets, MT4 mobile for iPhones and iPads.
  • TraderEvolution mobile for Android devices and tablets, TraderEvolution mobile for iPhones and iPads.

Demo Account

Global Prime gives traders the opportunity to trial the ECN account on either the MT4 or TraderEvolution platform prior to going live. They don’t impose time limits on the demos which means they can remain open indefinitely, so long as you’re actively using it.

Demo accounts simulate the live account almost exactly. The execution is different because trades aren’t going to the market, otherwise everything should be the same.

Many of their professional traders cleverly take advantage of unlimited demo accounts. They use them alongside their live trading accounts for ‘risky’ and ‘speculative’ trading ideas that aren’t quite ready for live trading. By experimenting with a demo account, they protect their live trading accounts from expensive or emotional mistakes.

Account Types

Global Prime keeps the offering simple with two account types. Retail clients have the ECN Account while institutional clients have the Institutional Account.

The ECN Account – will typically have the tightest spreads and largest range of products. It is suitable for all types of traders, from professionals to the average punter. The ECN Account type is available on the MT4 and TraderEvolution trading platforms. The spread starts from 0.0 and a commission of $3.5 per lot per side is charged on Forex and Metals. Other CFDs like Indices and Commodities are spread only, and they’re tight! ECN Accounts can be opened in AUD, USD, EUR, GBP, SGD and CAD.

The Institutional Account – gives access to FIX API and direct GUI, or API access to ECNs if required. Typical Institutional Account traders are small funds, proprietary trading firms and brokers.

Opening an Account

Opening an account with Global Prime is fast and easy. Using a combination of eKYC and artificial intelligence powered automated document verification to get your identity documents approved and your account opened within minutes.

Your trading account login details are sent as soon as your account is approved. This means you can login to the trading platform to check the pricing and products, making sure it’s up to your standard before you make your first deposit.

Global Prime’s minimum first-time deposit is AUD $200 or equivalent in another currency. After this you can deposit as much or as little as you like. They have multiple funding options including debit/credit cards, bank transfer, local bank transfer in many countries, Skrill, Neteller, Fasapay, Dragonpay, Zotapay and a whole bunch more E-Wallets for Africa, SEA and LATAM.

Funds Withdrawal

Global Prime does not charge fees for withdrawals; however, intermediary bank charges may apply for international bank wires.

Withdrawal requests can be made in the Client Portal. If submitted before 10 AM AEST the withdrawal request will be processed the same day. All later requests are processed on the next business day.

Withdrawals are overnight in Australia and usually 3-5 business days for international wires. Neteller is instant while credit/debit cards can be slow. You should also note that there may be delays with your bank which are outside of their control.

Trader Training

Global Prime has all the usual trader training guides, videos and so on, but traders really just want to know what market to look at and why.

Global Prime solves this problem by giving traders direct access to the world-renowned Ivan Delgado across his blog, Youtube and Discord trading community. Ivan posts market analysis using his proprietary methods that he teaches for free. He even interacts with traders throughout the day. Ivan can be your own personal mentor!

Additionally, the Global Prime Discord features other professional traders who post trading ideas, set ups and analysis as well as answer questions from clients.

Should I Trade with Global Prime?

Global Prime removes a major concern of retail traders these days: their own broker, working against them. When trading with Global Prime, you’re trading with a broker that is on your team, providing optimal trading conditions and importantly, wants to see you win. Take advantage of the free Discord trading community chatroom to decide for yourself.

Reviews on Global Prime

Comments about Global Prime
( 4 )
User rating: 4.7 / 5

Comments: 4

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