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Global Prime Commissions and Fees Overview

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Global Prime isn't available in US
FULL Global Prime OVERVIEW

We, at Traders Union, conducted a thorough analysis of Global Prime's fees, resulting in a score We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria of 7 /10. This corresponds to a Medium level. Here are some of the most relevant indicators of Global Prime’s fee structure:

Global Prime fees overview:

Standard account EUR/USD spread, min pips 0,9
Standard account EUR/USD spread, max pips 1,2
Avg. ECN spread EUR/USD 0,2
ECN commission ($, per lot) 3,5
Withdrawal fee, % 0
Inactivity fee ($, per month) 0

Global Prime Forex spreads and commissions

To assess the cost-effectiveness of Global Prime, we analyzed its spreads across the most popular account types. These were compared with the top two competitors that have high overall ratings and accept clients in your region.

Global Prime Standard account spread

Standard accounts at Global Prime offer floating spreads with a broker markup. They typically have higher spreads than ECN or RAW accounts but do not charge additional commissions per lot, ensuring a straightforward cost structure.

Global Prime Plus500 Pepperstone
Floating spread EUR/USD, min pips The cost of 1 pip in USD for EUR/USD is $10. 0,9 0,5 0,5
Floating spread EUR/USD, max pips 1,2 0,9 1,5
Floating spread GBP/USD, min pips 0,9 0,5 0,4
Floating spread GBP/USD, max pips 1,2 0,9 1,5

Global Prime ECN/Raw account spread and commission

ECN/RAW accounts at Global Prime feature market-determined spreads without a markup. Despite a commission per lot, they are often more cost-effective for high-volume trading.

Global Prime Plus500 Pepperstone Industry
average Based on the evaluation of over 200 forex brokers
ECN
Commission
per lot, $
3,5 3 3,5
ECN Spread EUR/USD 0,2 0,1 0,17 pips
ECN Spread GBP/USD 0,4 0,15 0,21 pips

What is Global Prime’s average EUR/USD spread?

The average spread on Global Prime varies depending on the type of account you choose and the current level of market volatility. For example, the typical spread for EUR/USD is around 0,2 pips on an ECN or RAW account, which usually comes with a commission, while on a standard commission-free account, the spread tends to be higher—about 1,1 pips.

Global Prime non-trading fees

We conducted an analysis of Global Prime’s non-trading fees to provide a detailed overview of the additional costs that may affect traders outside their regular trading activities.

Global Prime Non-Trading Fees

Global Prime Plus500 Pepperstone
Deposit fee, % The indicated amount excludes potential fees charged by payment systems and banks.
No
No
No
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.
No
No
No
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.
No
No
No
Inactivity fee ($, per month)
No
10
No

What is the cost of executing one Forex lot with Global Prime?

The cost of executing 1 standard lot (100,000 units) with Global Prime depends on the account type and market volatility, which can vary significantly throughout the day. On ECN/RAW accounts, traders pay the market spread plus a fixed commission, while on Standard accounts, spreads may fluctuate more, but no commission is charged. We calculated the approximate execution cost for 1 lot during peak market hours.

Spread cost in USD Commission ($ per lot) Total cost in USD
ECN/Raw account 2 3.5 5.5
Standard account 10.5 0 10.5

Understanding Forex trading costs

When evaluating a Forex broker, it is essential to consider several factors that can directly impact the overall cost of executing trades, beyond just the average spread. Here are some key considerations:

Liquidity and daily turnover

Higher liquidity and larger daily turnover generally lead to tighter spreads and reduced slippage.

Top 3 Forex brokers by trading turnover

Broker Daily turnover ($, billion)
IC Markets 29
Saxo Bank 20,01
StoneX 18,6

Order Execution Speed

Faster order execution can reduce slippage, helping to ensure that trades are completed at the expected prices. Execution speed is typically highest on ECN accounts.

Global Prime supports ECN trading execution, which typically offers the fastest speeds, tighter spreads, and direct access to liquidity providers

Free VPS

A free VPS provides a stable, high-speed connection, which can reduce latency and slippage, especially for automated trading systems and high-frequency trading. This helps ensure consistent performance and potentially lower execution costs.

Global Prime provides traders with free VPS hosting to ensure stable and low-latency execution.

Global Prime extra services for active traders vs competitors

The table below compares the extra services offered by Global Prime for active traders with those of its competitors. These features can enhance trading efficiency and strategy implementation. The comparison showcases how Global Prime stands out in meeting the needs of active traders through its advanced tools, such as API and TradingView integration, and convenient options like one-click trading and support for scalping.

Global Prime services for active traders

Global Prime Plus500 Pepperstone
API
Yes
No
Yes
Signals (alerts)
Yes
Yes
Yes
TradingView integration
No
Yes
Yes
Trading bots (EAs)
Yes
Yes
Yes
Scalping
Yes
Yes
Yes
One click trading
Yes
Yes
Yes

Minimizing trading costs: Expert tips

Choosing the right Forex broker is crucial for minimizing costs and boosting profitability. Below are expert insights from our recent fee analysis to help you make informed choices and maximize your trading returns.

Author, Financial Expert at Traders Union

When trading with Global Prime, exploring copy trading options could potentially help optimize your fee structure in several ways.

First, by following experienced traders, you might reduce the number of trades you personally execute, potentially lowering your overall transaction costs with Global Prime. Successful copy traders often have more efficient strategies, which could mean fewer trades and lower cumulative spreads or commissions.

Additionally, if you’re new to Forex, copy trading through Global Prime or its partners could help you avoid costly mistakes that often plague beginners, indirectly saving on fees lost to poor trades. Some copy trading systems also offer the ability to automatically adjust position sizes, which could help you manage risk and potentially reduce losses due to overtrading.

Of course, copy services sometimes have their own performance fees or subscriptions. However, consider how following experienced traders could improve your results and require less hands-on trading. In that case, it may offset any extra copy costs compared to what you're currently paying Global Prime directly.

Start small to test whether copy trading truly optimizes your specific situation before fully committing.

Global Prime and competitors' added value trading services

Global Prime Plus500 Pepperstone
Copy trading
Yes
No
Yes
Strategy (EA) builder
Yes
No
Yes
Signals (alerts)
Yes
Yes
Yes