GlobalPrime.com Review

Submitted by currenciesfx on Wed, 04/20/2022 - 08:18
GlobalPrime.com Review

GLOBALPRIME.com Review


GlobalPrime is an ECN Forex Broker domiciled in Australia. Based on 20+ liquidity providers, the broker offers tight spreads, MT4 trading and a free VPS. There are special features and improved trading terms for professional and institutional investors.

» VISIT THE GLOBALPRIME WEBSITE

◙ GLOBALPRIME.COM REVIEW

This is the GlobalPrime.com review analysis:

GLOBALPRIME.COM BASIC FACTS & NOTES

ECN FOREX BROKER (NDD)

 GLOBALPRIME.COM TRADING INFO

◘ GlobalPrime Asset Index

GlobalPrime offer:

■ 48 Forex Pairs

■ 5 Cryptocurrencies

■ 13 stock indices

■ 18 Commodities

The Forex asset index of GlobalPrime is considerably wide.

There are also 13 indices, many commodities, and 5 cryptocurrencies (Bitcoin, Ripple XRP, Bitcoin Cash, Litecoin, and Ethereum).

◘ GlobalPrime typical Spreads / Trading Commissions

ECN STANDARD ACCOUNT

  • GlobalPrimecharge trading commissions $7.0 per round lot

■ EURUSD typical spread is 0.1 pip

■ GBPUSD typical spread is 0.6 pip

■ USDJPY typical spread is 0.4 pip

GlobalPrime uses no dealing desk (NDD) and the trading spreads are tight.

  • The tested account type is the ECN simple
  • There are improved trading terms for professional and institutional investors

◘ GlobalPrime Maximum Leverage

■ GlobalPrime offers Leverage up to 1:30
  • 30:1 for all account types

Lot Size

■ The minimum lot size is 0.01 The micro-lot (0.01) is very useful for beginners

◘ Automated Trading / Scalping

■ Automated Trading is allowed by GlobalPrime, -YES-

■ Scalping is fully allowed by GlobalPrime -YES-

You can use automated trading, hedging, and scalping. All are fully allowed

-Plus, there is the option for API Trading

-There is also a free VPS (20 lots monthly volume is minimum)

◘ GlobalPrime Platforms

■ GlobalPrime offers: MetaTrader4, TraderEvolution The classic MT4 platform, along with the institutional platform TraderEvolution

◘ GlobalPrime Typical Slippage

■ GlobalPrime Slippage is measured at less than 1.0 pip

Low slippage on order execution

◘ GlobalPrime Mobile Trading

■ GlobalPrime offers a mobile app for Android and Apple devices

Mobile traders for the two popular mobile operating systems
The Company

 GLOBALPRIME.COM COMPANY INFO

◘ GlobalPrime Foundation

■ GlobalPrime was founded in 2010 GlobalPrime is owned by GlobalPrime.com Pty Ltd

◘ GlobalPrime Headquarters

■ GlobalPrime headquarters are in Australia Headquarters Address: Suite 604, 35 Grafton Street, Bondi Junction, Australia

◘ GlobalPrime Regulation

■ GlobalPrime is registered with AFSL Australia

GlobalPrime is registered with AFSL Australia (No 385620), VFSC Vanuatu, and FSA Seychelles

  • Client money is held in segregated accounts with Westpac bank
GlobalPrime Accounts

GLOBALPRIME.COM ACCOUNT INFO

 

Account Currencies

EURO | USD | GBP Open an account in EURO, USD, USD, GBP, CAD, AUD, and SGD

◘ GlobalPrime Deposit Money

CARDS | BANK WIRE | INTERNET WALLETS Credit/Debit Cards, Bank Wire, Skrill, Neteller, Fasapay, and BPay

◘ GlobalPrime Withdraw Money

CARDS | BANK WIRE | INTERNET WALLETS The same methods to withdraw your initial deposited funds

◘ US Residents

■ GlobalPrime forbids US Residents as Clients -NO-

Traders coming from the US can't trade with GlobalPrime

◘ GlobalPrime Minimum Deposit

■ The minimum Deposit at GlobalPrime is 200 USD

$200 minimum account requirements, which is ok for semi-advanced traders and above

  • This $200 minimum covers all account types, even the institutional account type
  • However, note that for the institutional account type there is a minimum of 2,000 USD monthly commissions

◘ GlobalPrime Promotions

■ GlobalPrime offers no welcome bonus or other similar promotions

GlobalPrime offers no Bonus or Rebate. Nevertheless, there is a free VPS
  » Open a Real/Demo Account with GlobalPrime
 

GlobalPrime.com Review Conclusions

 
GlobalPrime is an Australian-based ECN Forex broker offering also CFD products from 20+ liquidity providers. Their licenses include ASIC (Australia), VFSC (Vanuatu), and FSA (Seychelles). Client money is held in segregated accounts with Westpac bank. A standard ECN account is provided to all traders depositing as low as $200. Deposits and withdrawals can be done via several funding methods, including credit/debit cards, Neteller, Skrill, and Bank Wire. Deposits with credit/debit, Skrill, and Neteller are usually processed very fast, withdraws via cards can take up to 24 hours to process.
The great advantage of trading with GlobalPrime is the very tight spreads they offer. 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.
GlobalPrime platforms include the classic MetaTrader-4 for PC and MAC, plus mobile traders for iPhone and Android. There is also an institutional-grade trading platform called TraderEvolution. You can use automated trading, hedging, and scalping and they are providing free VPS hosting for better execution.
The Forex asset index of GlobalPrime is considerably wide including 48 currency pairs, there are also 13 indices, many commodities, and 5 cryptocurrencies (Bitcoin, Ripple XRP, Bitcoin Cash, Litecoin, and Ethereum).
Their customer service is available via phone, email, and live chat 24 hours a day, five days a week. Overall GlobalPrime is a very competitive ECN Forex broker that meets the needs of professional and automated Forex traders. The minimum deposit to start trading is only $200 and that means that every Forex trader can easily enjoy ECN technology and low-cost transactions.
 

GLOBALPRIME.COM Review

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