Global Prime

General Information & Regulation

Global Prime AU is an online Forex and CFD broker that has been providing services in the industry for over 10 years now and is based in Sydney, Australia. Global Prime Pty Ltd holds an Australian Financial Services Licence (AFSL) to conduct financial services in Australia, with those financial services covered by AFSL No. 385620 only. Global Prime FX Ltd is registered in Seychelles and holds a Securities Dealer License SD057 issued by the FSA and a financial license issued by the Vanuatu Financial Services Commission (registration no.40256).

Market Instruments

Global Prime AU provides investors with popular trading products, mainly Forex, metals, energy, indices, and commodities.

Minimum Deposit

There are two account types listed on Global Prime AU platform: the Commission free and the spread + Commission accounts. The minimum deposit for both accounts is $200, which is in line with most brokers' initial deposit.

Leverage

Global Prime AU has standard leverage of 1:100 for currency pairs and maximum leverage of 1:100 for gold and other CFDs. and the available trading leverage is 1:100 or 1:200.

Spreads & Commissions

The minimum spread for Eurodollar is 0.0 pips, with an average spread of 0.1 pips. The minimum spread for XAUUSD starts from 0.0 pips with an average spread of 1.1 pips, the minimum spread for XGUUSD starts from 0.0 pips with an average spread of 12.8 pips, the minimum spread for UK Crude Oil is 0.5 pips with an average spread of 1.6 pips and the average spread for Australia 200 is 0.8 pips. The broker charges a $7 (bilateral) commission (depending on the volume) for Forex and Metals trades. For energy (crude oil/natural gas), CFDs, stock indices, cryptocurrencies, soft commodities (coffee, corn, soybeans, etc.), the broker charges spreads as commission.

Trading Platform

Global Prime AU offers traders three trading platforms: MT4, Trading View, and TraderEvolution. MT4, Trading View is the world's most popular trading platform, easy to use for regular traders, but powerful and suitable for experienced traders. The TraderEvolution trading platform is aimed at multi-asset traders and was originally released for the company's institutional clients but was later connected to Trading View, allowing traders to combine the two platforms into one, with the functionality of both.

Deposit & Withdrawal

The trader offers its users a variety of ways to deposit and withdraw funds, mainly via wire transfer, NETELLER, Skrill, Astropay, credit cards. The company does not charge any internal fees for accessing funds, but the transferring bank may deduct some fees for accessing funds via wire transfer.

Trading Hours

Trading hours on forex, indices and commodities markets are open 24/5 from Monday to Friday. Specific trading hours for each market can also be viewed on the Global Prime website or on the MT4 and TraderEvolution platforms.

Customer Support

Global Prime AU customer support team is available 24/5, Monday to Friday. Traders can reach them via email at support@globalprime.com, via phone at +61 (2) 8379 3622 or directly through live chat. The website also offers specific email addresses based on specific queries