Global Prime Review 2022 (Expert Review)

Global Prime Review Summary

Global Prime is an online brokerage firm that offers a variety of financial services. The company's reputation for transparency and customer service have earned it a top spot among online brokers. The trading platform of Global Prime is MT4, which allows retail clients to trade through a variety of markets. With low spreads and a fast response time, this broker has an edge over other brokers when it comes to attracting new traders. In addition to their extensive market coverage, GlobalPrime offers numerous free resources for new traders.

Global Prime review
Global Prime Platform Features

Global Prime main features and highlights
๐Ÿ—บ๏ธ Country of regulation Australian Securities and Investments Commission (ASIC), Australian Financial Services Licence (AFSL),
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee No
๐Ÿ’ฐ Withdrawal fee No
๐Ÿ’ฐ Minimum deposit 200
๐Ÿ•– Time to open a Global Prime account 1-3 Days. *A Global Prime demo account can be opened in a few minutes, but live Global Prime trading account creation times will vary depending on how long it takes to process your Global Prime KYC documents.
๐Ÿ’ณ Wire Transfer No
๐Ÿ‘› Depositing with electronic wallet No
๐Ÿ’ฑ Number of base currencies supported 1
๐ŸŽฎ Demo account provided Yes
๐Ÿ›๏ธ Financial Instruments offered Forex, Commodities, Indices, Stocks, Crypto, Futures

Global Prime review
Global Prime Financial Regulation

Global Prime is regulated by Australian Securities and Investments Commission (ASIC), Australian Financial Services Licence (AFSL), .

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Global Prime Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using Global Prime include a large choice of assets that are available to be traded 24/7; and easy-to-use website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using Global Prime can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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Global Prime Advantages

One of the main advantages of using Global Prime is around the clock service and support as well as research offerings. Not only this, but Global Prime has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of Global Prime with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with Global Prime makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. Global Prime offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • Global Prime has been in business over 10 years.
  • Global Prime offers Neteller as a payment method
  • Global Prime offers Skrill as a payment method
  • Global Prime offers ECN trading
  • Global Prime offers Spread Betting
  • Global Prime offers Scalping

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Global Prime Disadvantages

Although Global Prime has a lot of good points Global Prime does not offer the below.

Global Prime Review Risk Warning: Your capital is at risk.

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Things to understand when trading with Global Prime

Online trading on trading platforms like Global Prime have seen huge growth in the last 3 years. Trading with Global Prime requires that you take the time to learn how financial markets work and are able to trade with Global Prime using in depth technical analysis and Global Prime risk management trading tools. Trading with Global Prime involves risk. You should only risk capital with Global Prime that you can afford to lose. Understand your risk tolerance with Global Prime, and have a trading strategy that Global Prime is able to help you execute. Global Prime is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments Global Prime give you access too.

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Global Prime Trading Fees

Trading fees on Global Prime are taken in the form of the spreads Global Prime offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on Global Prime. Global Prime fees vary depending on the financial instruments traded and can include, Global Prime overnight funding fees, spreads, margins and Global Prime inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your Global Prime account charged by your 3rd party payment provider if your Global Prime base currency is different from your Global Prime withdrawal method.

NameGlobal PrimeIC MarketsRoboforex
Account FeesNoNo
Withdrawal FeesvariesNoYes
Deposit FeesNo
Inactivity FeeNoNo
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Losses can exceed deposits
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Losses can exceed deposits

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Global Prime Financial Instrument Fees

Global Prime fees for Forex, Commodities, Indices, Stocks, Crypto, Futures are listed below.

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Global Prime Stock Trading Fees

The majority of Global Prime trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A Global Prime stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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Global Prime Forex Fees

Commission on Global Prime Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for Global Prime Forex fees is based on their trade size. To calculate Global Prime Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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Global Prime Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. Global Prime cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. Global Prime cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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Global Prime Non Trading Fees

Global Prime non-trading fees include a variety of Global Prime brokerage fees and charges that a trader will pay which are not related to buying and selling assets using the Global Prime trading platform. The most common non-trading fees include Global Prime withdrawal fees, Global Prime deposit fees and Global Prime inactivity fees.

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Global Prime Deposit Fees

Global Prime does charge deposit fees in some cases. When funding your Global Prime account there may be some Global Prime deposit fees which will vary depending on the payment method you use to deposit to your live Global Prime trading account.

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Global Prime Inactivity Fees

Global Prime does charge clients an inactivity fees for dormant Global Prime trading accounts. A Global Prime inactivity fee is a sum charged on Global Prime brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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Global Prime Withdrawal Fees

Global Prime does charge Global Prime clients small withdrawal fees. Withdrawals fees vary between Global Prime and Global Prime alternatives depending on where you are located and how much money you are withdrawing.

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Global Prime Account Fees

Global Prime does not charge account fees. Account fees charged differ between Global Prime and other brokers. An account is a fee that Global Prime and other brokers assesses on all accounts for the ability to keep an account on their platform.

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Global Prime Account Opening

The Global Prime account registration process is simple, user-friendly, and quick. Within 1-3 Days most Global Prime trading accounts are ready for live trades. Our Global Prime account was validated in 1 day, but live Global Prime trading account verification times will vary depending on the time it takes to process your KYC documents and Global Prime trading account application. A Global Prime demo account can be opened in a few minutes.

Global Prime trading accounts are available in over 194 countries. Global Prime is restricted in the following countries.

Apart from the restricted countries a Global Prime trading account can be opened globally.

The Global Prime trading platform is available for residents in US. Some financial instruments Global Prime offer may be restricted in your country.

  • Fast Global Prime account opening.
  • Global Prime accounts can be opened and KYC can be verified digitally.
  • Global Prime minimum deposit is 200 USD / GBP / EURO.
  • Global Prime trading account verification may be held up for longer than a day if there is an issue with verifying your account.

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Global Prime Deposit And Withdrawal

Global Prime Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

GBP, USD, EURO are supported by Global Prime as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

Global Prime offers the following account GBP, USD, EURO.

When trading make sure your Global Prime trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. Global Prime has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameGlobal PrimeIC MarketsRoboforex
Number Of CurrenciesYes104
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Global Prime Deposit Fees and Deposit Methods

Investors can log in to their Global Prime trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their Global Prime trading accounts from an existing bank account or send the funds through a wire transfer or online check.

Global Prime Deposit Fees

Making a deposit on your Global Prime account is free.

Global Prime Deposit Methods

There are several methods through which you can deposit money into your Global Prime account. One can use a credit or debit card and Global Prime accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your Global Prime account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your Global Prime account.

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Global Prime Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your Global Prime brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open Global Prime positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your Global Prime account.

Global Prime Fees When Withdrawing Your Account Balance

Global Prime do not charge withdrawal fees. Some withdrawal fees are out of the control of Global Prime and may be due to 3rd party payment providers and your account base currency.

Global Prime Withdrawal Methods

Log into your Global Prime trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your Global Prime account to your bank account. To withdraw money from your Global Prime account you can use credit or debit cards. Global Prime processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as Global Prime processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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Global Prime Trading Platforms

As there are a number of tradable financial instruments available on the Global Prime trading platform. Before investing in the Global Prime platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The Global Prime platform has a demo account and educational tool, but it may not be designed for new traders so focuses less on those educational features. Global Prime offer livechat, phone, and email support.

If you struggle with technology, you need to consider the level of support on Global Prime is available. Another thing to consider is your financial goals. Make sure that a Global Prime account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a Global Prime account. Ensure that Global Prime allows you to focus on the type of trading that you want to focus on.

Make sure Global Prime is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using Global Prime, think about how easy it is to use for your personal needs. Does the Global Prime platform offer real-time updates or delayed updates that are more informed? Remember to check if Global Prime is well regulated, and what tradeable financial instruments Global Prime has. Security is very important when it comes to trading with Global Prime.

Global Prime Web Trading Platform

A Global Prime web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through Global Prime which acts as a financial intermediary. Global Prime is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the Global Prime mobile trading platform.

Global Prime Apple IOS Trading Platform

A Global Prime iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

Global Prime Google Play Android Trading Platform

A Global Prime Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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Global Prime Mobile Trading User Experience

Global Prime mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. Global Prime mobile trading refers to trading using a mobile phone.

Leading brokerages like Global Prime offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire Global Prime portfolio. All an investor needs is a Web-enabled smartphone and a trading account with Global Prime. Once you have download the Global Prime trading app, you are ready to begin.

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Global Prime Desktop Computer Trading Platform

A Global Prime computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The Global Prime desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The Global Prime desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

Global Prime MetaTrader 4

MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.

Global Prime PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using Global Prime. A trading computer with access to a Global Prime PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

Global Prime Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the Global Prime trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the Global Prime trading platform is very user friendly and easy to use on a Mac device.

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Global Prime Trading Look And Feel

The Global Prime user interface (UI) is what Global Prime traders will see and interact with first when trading with the Global Prime trading platform. The Global Prime is well designed. The goal of the Global Prime trading UI is to make the Global Prime user's experience easy and intuitive. The Global Prime application has good user experience and a good level of customer satisfaction.

Global Prime Security

Global Prime is a secure trading platform. Global Prime offers traders security via 2 factor authentication, SSL encription when trading with Global Prime. Global Prime trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with Global Prime. Rate limitation on Global Prime suspicious account activities is another layer of protection that is provided for Global Prime trading accounts, for example multiple failed login attempts with Global Prime. You have the option to further safeguard your account by using Global Prime Two-Factor Authentication (2FA), which provides an extra layer of security.

The Global Prime trading infrastructure is constantly watched and guarded by a trained team at Global Prime In addition, Global Prime never send sensitive information without first encrypting on the Global Prime trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On Global Prime

Available Global Prime order types. # market, limit, stop, stop limit, Good until end of day / canceled.

Global Prime Market Order

A Global Prime market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. Global Prime market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. Global Prime market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

Global Prime Limit Order

A Global Prime limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

Global Prime Stop Order

A Global Prime stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

Global Prime Stop Limit Order

A Global Prime stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The Global Prime stop-limit order triggers a limit order when a stock price hits the stop level. A Global Prime stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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Global Prime Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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Global Prime Trading Platform Features

Online trading platforms like Global Prime are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with Global Prime. The Global Prime trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using Global Prime.

Global Prime Margin Trading

Global Prime margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, Global Prime margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

Global Prime Auto Trading

Global Prime auto trading is a trading strategy where buy and sell orders are automatically placed based on an underlying Global Prime system or programme and actioned by set criteria set by the Global Prime trader. These Global Prime orders are placed when the trade conditions in the underlying Global Prime system or program are met. It is a method of participating in financial markets by using Global Prime, which executes a pre-defined set of rules for both entering and exiting trades on Global Prime. If you are a Global Prime trader, you are able to use detailed Global Prime technical analysis with the setting of parameters for Global Prime one's positions. This includes orders to open Global Prime, trailing stops, and guaranteed stops.

Global Prime Social Trading

Global Prime social trading is a form of social trading that enables Global Prime traders or investors to copy and execute the strategies of their peers or more experienced traders on the Global Prime platform. Social trading on Global Prime allows you to communicate with other Global Prime investors in a Facebook-style social network manner. The main premise is that you are able to share and discuss potential Global Prime investment opportunities with traders on the Global Prime platform.

Global Prime Copy Trading

Copy trading with Global Prime allows users to copy trades executed by other Global Prime investors in the financial markets. The goal of copy trading is for a Global Prime trader to have the same positions as the Global Prime investor they are copying. When copying another Global Prime trader, you do not receive the plan of the traders Global Prime strategy, but simply follow their trades they execute on Global Prime. Global Prime copy trading is one way to automate your investment strategy. Copy trading trades on Global Prime must still be monitored and copy trading on Global Prime still has risk of trading loss.

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Global Prime Account Types

Global Prime Demo Account

Global Prime offers demo accounts that gives traders the ability to purchase and sell Global Prime financial instruments in a practice environment, using fake Global Prime digital money and live market conditions and data. When you practise on a Global Prime demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the Global Prime platform. Global Prime demo accounts allow you to experience and practice a variety of market charts, Global Prime trading indicators, and trading strategies using Global Prime.

Global Prime Standard Account

Global Prime offers a standard trading account, allowing Global Prime traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich Global Prime trading platform.

Global Prime STP Account

Global Prime STP (Straight Through Processing) account is a Global Prime trading feature that involves sending Global Prime client orders directly to the market without passing them through a dealing desk. A Global Prime STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

Global Prime ECN Account

A Global Prime ECN (Electronic Communications Network) account is a pure order-matching execution system, where Global Prime, as a provider, charges a commission per Global Prime trade instead of inflating the spread, occurring more naturally within the Global Prime order-matching process. A Global Prime ECN is a financial intermediary that uses electronic communications networks to give Global Prime clients direct access to other participants in equity and currency markets. As an ECN broker, Global Prime only matches Global Prime trades between other market participants; it cannot trade against the Global Prime client.

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Global Prime Tradable Financial Instruments

Global Prime tradable financial instruments are the financial instruments that are specifically available to trade on the Global Prime trading platform. This refers to the different types of financial markets you can trade with through Global Prime. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on Global Prime.

NameGlobal PrimeIC MarketsRoboforex
CFD TradingNoYesYes
Stock MarketsNo210053
Fractional SharesNoYes
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Global Prime Trading Stocks

Stock trading with Global Prime is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with Global Prime; if you possess the stock on Global Prime, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on Global Prime involves purchasing and selling stocks and share using Global Prime periodically in order to time trades against the stock markets, with the aim of using Global Prime to profit from your stock trading. Global Prime stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on Global Prime. Stock traders on Global Prime conduct significant study, frequently dedicating several hours every day to market monitoring using Global Prime trading tools.

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Global Prime Trading ETFs

What Are ETFs

Global Prime does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

Global Prime does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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Global Prime Trading Cryptocurrencies

Global Prime does not offer cryptocurrency trading.

Cryptocurrency trading is not offered by Global Prime, so you will need to find a Global Prime alternative that allows you to buy and sell the underlying cryptocurrency assets. Global Prime CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a Global Prime alternative and make sure you undertand the risks fully before trading.

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Global Prime Forex Trading

Forex trading with Global Prime is a method through which to invest money which involves trading one currency for another in a Forex currency pair with Global Prime. The main aim of Global Prime Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with Global Prime. As a Global Prime Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like Global Prime. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like Global Prime. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on Global Prime.

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Global Prime Commodities Trading

Commodity trading is a type of trading available on Global Prime where individuals or businesses buy and sell financial instruments using Global Prime related to commodities, such as metals or oil.

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Global Prime Options Trading

Global Prime options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. Global Prime option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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Global Prime Futures Trading

Futures trading with Global Prime is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using Global Prime to facilitate the trade. A Global Prime futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on Global Prime. Typically, futures contracts are traded on an exchange such as Global Prime; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling Global Prime trader to the contract agrees to provide it.

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Global Prime Bonds Trading

Bonds trading on Global Prime is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the Global Prime trader. Bonds can be bought and sold on Global Prime after they are issued. While some bonds are traded publicly through Global Prime, most trade over-the-counter between large broker-dealers like Global Prime acting on their clients' or their own behalf. Yield is therefore based on the Global Prime purchase price of the bond as well as the coupon.

Global Prime CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameGlobal PrimeIC MarketsRoboforex
Forex CFDNoYesYes
Index CFD2530
Stock CFD1108400
Commodity CFD2020
Crypto CFDNoYesNo
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Global Prime Trading Research Tools

Taking advantage of Global Prime trading research tools which are designed to help traders analyse potential investments using the Global Prime trading platform. Some Global Prime research tools include charts, technical analysis, and Global Prime trading indicators.

Global Prime Trading News

Traders can follow the markets and make wise investment decisions on Global Prime by using the news to help form a strategy when it comes to choosing investments. A Global Prime news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

Global Prime Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A Global Prime economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

Global Prime Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. Global Prime fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

Global Prime Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on Global Prime are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

Global Prime portfolios

Trading portfolios are useful when trading with Global Prime.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A Global Prime trading portfolio is a traders collection of investments, which may include a variety of Global Prime financial instruments.

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Global Prime Payment Methods

A Global Prime payment method is required to fund your Global Prime trading account before placing a buy or sell order on a financial instrument.

When trading with Global Prime, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that Global Prime do not have any control over.

NameGlobal PrimeIC MarketsRoboforex
Payment MethodsBPAY, Credit Card, FasaPay, Mastercard, Neteller, POLi, Skrill, Visa, Wire TransferBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
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Global Prime review
Global Prime Withdrawl Methods

When trading with Global Prime at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your Global Prime account balance. Global Prime may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your Global Prime account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

Global Prime Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your Global Prime account.

Withdrawal requests can take up to three business days to be processed by Global Prime.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your Global Prime should arrive in less than 24 hours.

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Global Prime Customer Support

Customer support represents the resources within the Global Prime company that provides technical assistance to its customers after they use the Global Prime service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

Global Prime offer email, livechat, phone, customer support.

Global Prime Email Support

Global Prime offers email support.

Email support is a a convenient method of Global Prime customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from Global Prime regarding your support request.

Global Prime Livechat Support

Global Prime offers livechat support.

Global Prime live chat support is a way for customers to obtain help from Global Prime through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

Global Prime Telephone Support

Global Prime offers telephone support.

Global Prime telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the Global Prime call centre to give or take information.

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Global Prime Educational Resources

Global Prime educational resources are used throughout the Global Prime learning environment to help and assist with customer's development and learning of trading on Global Prime. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using Global Prime trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

Global Prime Trading Platform Tutorials

Global Prime offer a range of learning resources and tutorials and guides made available to registered Global Prime users. The Global Prime guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate Global Prime users on basic trading principles.

Global Prime Trading Videos

Global Prime offer a selection of online trading videos.

Trading videos on Global Prime help new and even more experienced investors gain insights into Global Prime technical analysis tools and how the different financial markets work when trading on Global Prime.

Global Prime trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some Global Prime training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using Global Prime to trade live financial markets.

Global Prime Webinars

Global Prime offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of Global Prime clients who participate by asking questions, replying to polls, and using other interactive technologies available on the Global Prime trading platform.

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Global Prime Financial Regulation When Trading

Financial regulations on Global Prime protect consumers' investments. Regulations prevent financial fraud and limit the risks that Global Prime as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. Global Prime financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is Global Prime Regulated?

Global Prime is regulated by Australian Securities and Investments Commission (ASIC), Australian Financial Services Licence (AFSL), .

Global Prime is licensed by financial regulators in certain jurisdictions. You can find out if brokers like Global Prime are licensed in your country, if they have had run-ins with regulators, or received serious complaints from Global Prime investors, directly with financial regulators in your country.

Global Prime Regulatory Protection Limits

When registering with Global Prime you must check with regulatory body your Global Prime trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your Global Prime account is over seen by. Global Prime client funds are stored in segregated 3rd party bank account in accordance with Global Prime financial regulators.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

Global Prime Trading Signals

Global Prime does not offer trading signals in any form.

Make sure you understand the risks of trading signals.

How does Global Prime make money?

Because Global Prime acts as an intermediary, Global Prime gets compensated on buy and sell transactions of financial instruments. As a result, Global Prime profit is determined by the volume and number of transactions. Global Prime earns revenue to fund their Global Prime platforms and wide range of trading services through market spreads.

Can you buy shares on Global Prime?

Global Prime does not provide customers with real company shares trading.

Does Global Prime offer Cryptocurrency?

Global Prime does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

Global Prime Lower fees, lower costs?

Global Prime have reasonable trading fees and costs. Global Prime do not charge a deposit fee. Global Prime may charge a withdrawal fee. Some withdrawal fees are out of the control of Global Prime and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

Global Prime minimum deposit is 200 USD / GBP / EUR.

How to start your Global Prime account?

You can sign up for a live or demo Global Prime trading account by visiting Global Prime and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an Global Prime account here.

How's the Global Prime trading app?

Global Prime allow traders to trade financial markets on iOS, Android supported mobile devices.

You can tryout the Global Prime trading app here.

Is the quality of Global Prime customer service satisfactory?

Global Prime have average customer support offering support through email, livechat, phone, support options.

Is this broker good for new traders?

Global Prime is a good trading platform for new traders as Global Prime offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from Global Prime?

Global Prime offer a good selection of withdrawal options. Once Global Prime have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

Best Global Prime Alternatives Reviews

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Best Global Prime Alternatives In Detail

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Ashly Chole - Senior Finance & Technology Editor

Global Prime Review 2022 (Expert Review) guide updated 01/12/22