Global Prime is a forex and CFD broker that was founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). Global Prime offers a variety of trading instruments, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. It also offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader.
Global Prime is known for its competitive spreads and low commissions. It also offers a variety of educational resources and trading tools to help traders improve their trading skills.
Global Prime’s fees are generally competitive. Spreads start from 0.1 pips on forex majors, and commissions are charged at $3 per lot. There are no deposit or withdrawal fees. Global Prime’s customer support is available 24/7 by phone, email, and live chat.
Global Prime is a member of the Financial Commission (FinaCom), which means that it is subject to independent financial regulation. FinaCom is a non-profit organization that provides mediation and arbitration services to traders who have disputes with their brokers. Global Prime is a member of the Investor Compensation Fund (ICF), which means that clients are protected up to €20,000 in the event of the broker’s insolvency.
Global Prime has a good reputation among traders. It has been awarded several awards, including the “Best Forex Broker” award by the International Finance Magazine in 2022.
Here are some of the pros and cons of Global Prime:
Advantages of Global Prime (Pros)
- Competitive spreads and low commissions
- Variety of trading instruments and platforms
- Educational resources and trading tools
- Regulated by ASIC and VFSC
- Good customer support
Disadvantages of Global Prime (Cons)
- Swap fees can be high
- No Islamic accounts
- Not available in all countries
Here are some of the rankings of Global Prime from different websites:
- ForexBrokers.com: 71 out of 99 (Trusted)
- BrokerChooser: 4.2 out of 5 stars
- WikiFX: 4.4 out of 5 stars
- Myfxbook: 4.7 out of 5 stars
Global Prime is a reliable and trustworthy broker that offers a good value proposition for traders of all levels of experience. If you are looking for a forex and CFD broker with competitive spreads, low commissions, and excellent customer support, then Global Prime is a good option to consider.
More Details About Global Prime:
- Headquarters: Sydney, Australia
- Founded: 2010
- Regulated by: ASIC, VFSC
- Minimum deposit: $1000
- Trading instruments: Forex, CFDs on stocks, indices, commodities, and cryptocurrencies
- Trading platforms: MetaTrader 4, MetaTrader 5, cTrader
- Educational resources: Trading tutorials, webinars, and analysis
- Trading tools: Economic calendar, charting tools, and risk management tools
- Customer support: 24/7 live chat, email, and phone support
If you are looking for a reputable and regulated broker with a wide range of trading instruments and platforms, then Global Prime is a good option to consider. If you are interested in learning more about Global Prime, you can visit their website or contact their customer support team.
