Global Prime Review 2021

Global Prime Review 2021

March 2021
Analysis of the Main Features of the Forex Broker

2.77

Overall rating

2.56

/10

Execution of orders

2.98

/10

Investment instruments

2.62

/10

Withdrawal speed

2.92

/10

Customer Support work

2.4

/10

Variety of instruments

3.14

/10

Trading platform

197

Position
in rating

197

Position in rating

2.77/10
Overall rating

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of Global Prime Trading Company

Global Prime is a highly reliable financial services provider based and operated in Australia. It provides services in the Forex and CFDs field. The company offers unparalleled trading conditions with expertise in low latency connectivity to liquidity from top-tier banks and ECN. Global Prime is duly authorized to operate in securities, derivatives and foreign exchange contracts. Moreover, it has the right to offer general and individual advice to both retail and wholesale customers.

Attention!

We work exclusively with the accounts opened through Traders Union.

Global Prime Latest Comments 2021

0
3
2

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Global Prime published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I see a very large spread on my Global Prime trading accounts. This is especially noticeable at night. For the gbpcad currency pair, the spread is about 50 points, for the gbpaud currency pair, the spread is more than 65 points. These are very large spreads; other brokers have much smaller spreads.

I recently had an incident where funds were transferred from one of my accounts to another without my knowledge, I immediately panicked and accused Global Prime of transferring after a well-conducted investigation, they concluded that the transfer was made from my IP address, they advised me to change my login details and also assured me that they are not the reason for the transfer. But I did not translate anything myself and did not share my Global Prime account details with anyone. Very suspicious!

I am very disappointed and do not think I will use this Global Prime broker again. I sent them an email, still no progress. I have withdrawn funds from last week and still have not received my funds.

I decided to start trading here because it is an Australian regulated broker. I thought I found a good Global Prime broker, but I need to check it out first. I decided to open a small test account for our trading group, opening an account was painful, but finally we did it. During the process, I discovered that they are not actually Australian brokers, they are just using it as a cover, your legal contract is with Vanuatu. That is, this company does not tell the whole truth.

The slips for the indexes (GE30) are terrible. According to their Global Prime support team, they only have 1 LP for indices. I warn traders about this. Hopefully they will add more LP for indexes in the near future.

Analysis of the Main Features of the Forex Broker

2.77

Overall rating

2.56

/10

Execution of orders

2.98

/10

Investment instruments

2.62

/10

Withdrawal speed

2.92

/10

Customer Support work

2.4

/10

Variety of instruments

3.14

/10

Trading platform

Dynamics of the Popularity of Global Prime
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Trading Conditions for Global Prime Users

Trading platform: MT4 (PC, Mac, Webtrader, iOS, Android), Trader Evolution (PC, Mobile)
Accounts: ECN, Institutional
Account currency: AUD, USD, GBP, CAD, SGD EUR
Replenishment / Withdrawal: Bank Wire, Credit/Debit Card, Bpay, Polipay, Neteller, Skrill
Minimum deposit: $200
Leverage: 1:200
PAMM-accounts: No
Min Order: 0.01
Spread: Variable from 0.0 pips
Instruments: FX, Metals, CFD: Commodities, Indices, Cryptocurrency
Margin call/Stop Out: 120%/100%
Liquidity provider: No
Mobile trading: Mobile Platforms
Affiliate program: No
Orders execution: NDD, STP, ECN
Trading features: VPS Offers, MyFXBook Autotrade, ZuluTrade
Contests and bonuses: No

Comparison of Global Prime with other Brokers

Global Prime FxPro XM Group Admiral Markets UK AvaTrade
Trading
platform
MT4, Trader Evolution MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option
Min deposit $200 $100 $5 $200 $100
Leverage From 1:1
to 1:200
From 1:1
to 1:500
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
Trust management No No No No No
Accrual of % on the balance No No No No No
Spread From 0 points From 1 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out
120%  /  100% 25%  /  20% 100%  /  50% 100%  /  30% 25%  /  10%
Execution of orders NDD, STP, ECN Market Execution, Instant Execution Market Execution Market Execution Instant Execution
No deposit bonus No $100 $30 No No
Cent accounts No No Yes No Yes

Broker comparison table of trading instruments

Global Prime FxPro XM Group Admiral Markets UK AvaTrade
Forex Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes
Crypto Yes No No Yes Yes
CFD Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes
Stock Yes No Yes Yes Yes
ETF No No No Yes No
Options No No No No No

Contacts

Registration address Suite 604 35 Grafton Street Bondi Junction Australia
Regulation
Contacts

Tags:

Global Prime

The Oldest Reviews of the Global Prime

The reviews by customers of the Global Prime indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Global Prime published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

The slips for the indexes (GE30) are terrible. According to their Global Prime support team, they only have 1 LP for indices. I warn traders about this. Hopefully they will add more LP for indexes in the near future.

I decided to start trading here because it is an Australian regulated broker. I thought I found a good Global Prime broker, but I need to check it out first. I decided to open a small test account for our trading group, opening an account was painful, but finally we did it. During the process, I discovered that they are not actually Australian brokers, they are just using it as a cover, your legal contract is with Vanuatu. That is, this company does not tell the whole truth.

I am very disappointed and do not think I will use this Global Prime broker again. I sent them an email, still no progress. I have withdrawn funds from last week and still have not received my funds.

I recently had an incident where funds were transferred from one of my accounts to another without my knowledge, I immediately panicked and accused Global Prime of transferring after a well-conducted investigation, they concluded that the transfer was made from my IP address, they advised me to change my login details and also assured me that they are not the reason for the transfer. But I did not translate anything myself and did not share my Global Prime account details with anyone. Very suspicious!

I see a very large spread on my Global Prime trading accounts. This is especially noticeable at night. For the gbpcad currency pair, the spread is about 50 points, for the gbpaud currency pair, the spread is more than 65 points. These are very large spreads; other brokers have much smaller spreads.

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FAQs

Do reviews by traders influence the Global Prime rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Global Prime you need to go to the broker's profile.

How to leave a review about Global Prime on the Traders Union website?

To leave a review about Global Prime, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Global Prime on a non-Traders Union client?

Anyone can leave feedback about Global Prime on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with Global Prime through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.