Global prime forex broker

GlobalPrime. au Review Visit site.

Global Prime Forex is a forex broker. Global Prime Forex offers the MetaTrader 4 and MT Mobile currency trading top platforms. GlobalPrime. au offers over 40 currency pairs, shares, and cfds for your personal investment and trading options.

The Global Prime approach to trading is focused on transparency and service.

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. This proves we do not take the opposite side of clients’ trades and therefore there is no conflict of interest between Global Prime and our clients. We believe this practice should be standard across all forex brokers — ask yours if they do the same.

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GlobalPrime. au profile provided by jemook, Dec 2, 2016.

The Global Prime approach to trading is focused on transparency and service.

Court cases.

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Forget about all the other Brokers. Global Prime has always worked with no problems whatsoever for all these years, their website support chat is excellent.

Fast execution, tight spreads, great support and no problem with withdrawals.

Global Prime is an outstanding company to deal with. I have been with GP for some years. Always very helpful and quick with response to questions. Accurate no nonsense easily understood instruction on all things. NO dealing desk. A truly honest and open brokerage. I have just been forced to quit GP due to some crazy government plonker intervention that now prohibits retail traders from NZ using GP. Wholesale traders are still OK. I am sorry to have to leave GP.

No recommendation to use Global Prime is too great. You can use GP with total confidence.

Security is high as it should be, with no apparent glitches on the platform. No need to look further for an honest, reliable broker.

Global prime is a unique broker and will go to any length to satisfy their clients.

I needed my funds urgently to solve an urgent matter and within minutes they called me to verify that I was the one making the request and infact they had already closed for the day but they had to stay back and execute my request and in minutes my neteller account was credited even though I used a debit card to fund the account.

They work with their clients based on trust and honesty.

They trust their clients just as their clients trust them.

If I have a million dollars now to trade, my first choice will be global Prime as this is the first time a broker has gone out of his way, sacrificing all protocols to come to the immediate rescue of their clients in their most trying times.

They have earned my trust and respect.

GlobalPrime's support is outstanding, they're very professional. I recommend them for sure. Good platform and execution.

I've been trying many brokers out there, mostly market makers but also other ECN(s). After three months with them, I can say Global Prime provided the best quality brokerage I've ever tried so far.

What can I say more, I'm gonna stick with Global Prime!

I'm with GlobalPrime since 2013 and that's for a good reason. As a pure ECN Broker, GP is excellent in support, deposit/withdrawal and the most important thing: price feed and execution. I recommended GP to a few friends, all of them are satisfied with a high level of trust.

Staff are very obliging and have always answered my inquiries promptly even late on a Friday evening and readily supply any information I may require.. Being an Aussie company, they are the best. Highly recommended.

very good broker,

the support in website and are polite & efficient.

these guys know what they doing.

widrawal are fast, it only takes 2 days to Indonesia :)

no fee in deposit and widrawal, trading condition is comfort,

personally feeling fresh & trust to start forex trading carrer with this broker.

So far so good, started with this broker about 8 months ago. Low spreads on the majors, transactions are very fast! Whenever reaching out to customer service thru chat they are always quick to respond and help as much as they can. I havent had a chance to make a withdrawal yet but I'm sure it will be fine.

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Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

Global Prime FX Review - Is it scam or safe?

RATING: 3 / 0 REVIEWS.

Trading Accounts.

Global Prime FX offers its clients just one live account type, a true ECN one. Of course, a free Demo account is also available, which is always appreciated by newbies. Also, for those unwilling to put much at risk and trade in high volumes, there are micro lots availble for trade.

Keep in mind that swap-free (Islamic) accounts are not available with this broker.

The Company. Security of Funds.

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.

The company behind the Global Prime FX brand is Gleneagle Securities, which holds an Australian Financial Services License and is regulated by the Australian Securities and Investment Commission (ASIC).

ASIC requires licensed financial services providers to meet certain capital requirements and to comply with various rules. As for the minimum capital requirement, Australian regulator requires forex brokers to hold at least $ 1 million in order to provide financial services legitimately. Furthermore, ASIC obliges license holders to keep client funds separated from company assets. Global Prime FX says on its website it holds client funds in a segregated trust account with Westpac Banking Corporation (Westpac is an AA rated Australian Bank).

Unlike many EU-based brokers, Australian ones are not covered by any compensation scheme. FCA-regulated brokerages, for example, fall under Financial Services Compensation Scheme (FSCS), which protects consumers up to £50,000 per person per company.

For more ASIC-regulated brokers, click here.

Minimum Initial Deposit.

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.

Average Spreads & Commissions.

As a true ECN broker, Global Prime FX offers tight variable spreads, averaged 0.5 pips on EUR/USD. Like most ECN brokerages, this one also and charges a commission for the ECN environment, amounting to $7 round turn per standard lot, which is average for the industry. So typical trading costs per lot for this pair with Global Prime FX amount to around 1.3 pips, which is a competitive pricing, as the typical spread that we find other brokers are quoting which is about 1.5 pips.

Leading Australian broker AxiTrader also charges ECN commission of $7 per standard lot (round turn), however its spreads are a bit tighter, average ones on the EUR/USD pair amounting to 0.2 pips.

What is more, Global Prime FX offers reduced commission fees for high volume traders (trading more than 1000 lots per month).

We advise traders to exercise caution when using higher leverage, because it is a double-edged sword: the greater the leverage, the higher risk, not only the probability of multiplied profits earned on a small deposit.

Global Prime FX supports the most popular MetaTrader 4, available as desktop, and mobile versions.

MT4 provides all the tools and resources a trader needs: a number of technical indicators, extensive back-testing environment and advanced charting package, and a wide range of Expert Advisers (EAs) which allow full automatization of trades.

In order to enable flawless operation of EAs, Global Prime FX provides forex VPS service. The Beeks FX servers are located in the same data centre as the broker’s MT4 servers – Equinix NY4. Beeks FX’s cross connected VPS costs $42 per month and is available free of charge to high volume traders (trading more than 20 lots per month).

What is more, Global Prime FX offers FIX API connectivity to link traders and systems to their liquidity. It is offered to clients that intend to trade more than 200m in volume per month, that is why a minimum deposit of USD $25,000 is required to get FIX API access.

Any and all trading strategies are allowed with Global Prime FX. However, the broker does not recommend trading news or tick scalping strategies. There are advanced copy trading options with Global Prime FX, as its clients are able to use Myfxbook’s AutoTrade, ZuluTrade and Signal Trader auto trading platforms.

Methods of Payment.

The following payment methods are available to clients of Global Prime FX: credit card & bank wire transfer.

Global Prime FX accepts deposits in AUD, USD, GBP and EUR (also SGD & CAD via bank wire). Note, all Credit Card transactions incur a 3.25% deposit charge, whilst Bank Wire transfers are generally free unless processed via an Intermediary Bank.

Global Prime FX is an Australian MT4 forex broker. The best thing about Global Prime FX is that it offers nothing but DMA/ECN execution. To sum things up, here are the advantages and drawbacks with regards to GLOBAL PRIME:

FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.

easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.8 pip.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.

Slippage.

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Traders` reviews for Global Prime FX.

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Global Prime Forex reviews.

Traded with Global Prime Forex?

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REVIEWS & RATINGS.

3 years with this Broker.

Hendo Australia.

1 y with this Broker.

They are lying scum. They have spread markups and prioritise LP. They act like theives and pay people to post positive reviews. Please do not fall for their review trap.

1 year with this Broker.

Grata broker, thy have the happiest clients. Very good support and perfect fills on my trades.

2 months with this Broker.

beware of this australian dogs. they use all of dirty tricks. they are not business mann.

Israel, Ori.

Sorry I wish to adjust my review, this broker is great, they fixed my issues and it was a problem on my end. Highly recommend them.

Israel, Ori.

7 yr with this Broker.

I tried them but quickly found them not to but suitable for scalpers due to huge slippage even for small orders.

Global Prime.

Company Global Prime Pty Ltd Founded in 2010 Offices in.

BPAY Credit/debit cards Local bank transfer Neteller.

Australian dollar Canadian dollar Euro Great Britain pound New Zealand dollar Singapore dollar United States dollar.

ASIC, 385620.

Account Types:

Minimum account size $500 Minimum position size 0.01 lot Spread type Fixed Spread on EUR/USD, pips 0.1 Commission (one-way) per 1 std. lot $7 Scalping Allowed Expert advisors Allowed Trading instruments.

MetaTrader 4.

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