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/10

Global Prime

Australia|5-10 years|
MT4 Full License|Regional Brokers|High potential risk|

https://www.globalprime.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

GlobalPrime-Demo

United States
MT4
2

Influence

A

Influence index NO.1

Germany 4.84

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
GlobalPrime-Demo MT4
Server Location United States

Influence

Influence

A

Influence index NO.1

Germany 4.84

Surpassed 13.55% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+61 (2) 8379 3622
support@globalprime.com
https://www.globalprime.com/
Level 10, 627 Chapel St, South Yarra 3141 Australia

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02

Contact number

English

+61 (2) 8379 3622

Broker Information

More

Company Name

Global Prime Ltd

Company Abbreviation

Global Prime

Platform registered country and region

Australia

Company website
Twitter
Facebook
YouTube
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 7
Previous Detection : 2024-06-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The AustraliaASIC regulation (license number: 385620) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The SeychellesFSA regulation (license number: SD057) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 40256) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Seychelles FSA regulation with license number: SD057 is an offshore regulation. Please be aware of the risk!
  • The Vanuatu VFSC regulation with license number: 40256 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Global Prime · WikiFX Survey
Danger Global Prime AU’s Office in Australia Does Not Exist
Australia

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Global Prime · Company Summary

Registered in Australia
Regulated by ASIC, FSA
Year(s) of establishment 10-15 years
Trading instruments Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, bonds
Minimum Initial Deposit No minimum deposit
Maximum Leverage 1:100
Minimum spread Tight spreads
Trading platform MT4 and tradingview
Deposit and withdrawal method Paypal, mastercard, visa, etcetera
Customer Service Email/phone number/address
Fraud Complaints Exposure Yes

Global Prime Review

Registered in Australia, Global Prime is an online forex broker that has been providing service for more than a decade.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

General information

Regulatory Status

Global Prime is associated with several regulatory bodies. While Global Prime claims to be regulated under these authorities, the legitimacy of such claims is questionable as they are marked as “Suspicious Clones.” This status suggests that the entity might be impersonating another legitimate company or misrepresenting its regulatory approval.

  1. ASIC (Australian Securities and Investments Commission):

    1. Status: Listed as a Suspicious Clone.

    2. Type: Australia Market Making (MM).

    3. License Number: 385620.

    4. ASIC
  2. FSA (Financial Services Authority of Seychelles):

    1. Status: Listed as a Suspicious Clone.

    2. Type: Seychelles Retail Forex License.

    3. License Number: SD057.

    4. FSA
  3. VFSC (Vanuatu Financial Services Commission):

    1. Status: Listed as a Suspicious Clone.

    2. Type: Vanuatu Retail Forex License.

    3. License Number: 40256.

VFSC

Market Instruments

Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, bonds .....Global Prime allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Global Prime.

market instruments

Spreads and Commissions

In Global Prime, the spreads are shown in a separate page and the commissions are 7 USD per lot. We can see that the minimum spreads for major forex pairs are 0.0 pips.

spreads and commissions

Account Types for Global Prime

Demo Account: Global Prime provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: Global Prime only provides one type of ECN account, the commission is 7 USD per lot, no minimum deposit and spreads are tight.

account types

Trading Platforms

When it comes to trading platforms, Global Prime provides MT4 and Tradingview, both are among the most popular platforms in the world. The clients may choose the one they prefer freely.

trading platform

Leverage

The maximum leverage offered by Global Prime is only 1:30 or 1:100, which may seem too low to you. In reality, those leverage of up to 1:500 or even 1:1000 are all from unregulated or offshore regulated brokers, and as we know, offshore regulation is much less strict regulation. For brokers that are formally regulated by the major regulatory bodies, they can only offer leverage of 1:30 or 1:50 at best, which is sufficient for the novice Forex trader. Lower leverage reduces the potential gains on trades, but more importantly, it reduces much of the risk. We recommend that you always keep your account risk at 2% or less.

leverage

Deposit & Withdrawal

In terms of deposit and withdrawal, like many good brokers, Global Prime provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc.

deposit and withdrawal

Educational Resources

A series of educational resources is available at Global Prime, such as autochartist alerts, economic calendar, market opportunities, chrome extender, VPS, autotrade, pip calculator, etcetera.

educational resources

Customer Support of Global Prime

Global Prime offers comprehensive customer support tailored to meet the needs of its diverse client base. Here are the key details regarding their customer service offerings:

  • Languages Supported: English and Portuguese, accommodating a broad range of clients.

  • Service Hours: Available 24 hours a day, 5 days a week, aligning with global forex market hours.

  • Email Support: Clients can reach out for assistance via email at support@globalprime.com.

  • Phone Support: For direct communication, clients can call +61 (2) 8379 3622.

  • Physical Addresses:

    • Australia: Global Prime PTY Ltd (ABN 74 146 086 017), Suite 504, 35 Grafton Street, Bondi Junction, Australia.

    • Vanuatu: Global Prime FX (Company Number 40256), Govant Building, BP 1276, Port Vila, Vanuatu.

  • Social Media Presence: Global Prime maintains an active presence on several social media platforms including Facebook, LinkedIn, YouTube, and Twitter.

customer support

Frequent asked questions about Global Prime

Is this broker well regulated?

Yes, it is currently effectively regulated by ASIC and FSA.

What trading instruments are available?

You can trade a variety of instruments including currency pairs, indices, commodities, metals, energy products, cryptocurrencies, stocks, and bonds.

What is the minimum initial deposit required to open an account?

There is no minimum deposit required to start trading.

What is the maximum leverage offered?

The maximum leverage offered is 1:100.

News

WIKIFX REPORT: Global Prime tackles major Forex pain point with automated trade receipts

NewsWIKIFX REPORT: Global Prime tackles major Forex pain point with automated trade receipts

2022-05-27 12:07

Australian-based Global Prime (www.globalprime.com) has addressed one of the biggest pain points for CFD providers by making automated trade receipts available to its clients. The release is designed to empower trades with unparalleled visibility over the performance of the execution of their trades.

WikiFX
2022-05-27 12:07
News
WIKIFX REPORT: Global Prime tackles major Forex pain point with automated trade receipts
WIKIFX REPORT: TradingView welcomes Global Prime to list of supported brokers

NewsWIKIFX REPORT: TradingView welcomes Global Prime to list of supported brokers

2022-05-27 12:01

Global Prime is the latest broker to be integrated at TradingView.

WikiFX
2022-05-27 12:01
News
WIKIFX REPORT: TradingView welcomes Global Prime to list of supported brokers
WIKIFX REPORT: Global Prime Partners BidFX To Reduce Overnight Funding Rates By Over 50%

NewsWIKIFX REPORT: Global Prime Partners BidFX To Reduce Overnight Funding Rates By Over 50%

2022-05-27 11:57

Australian-based Global Prime (www.globalprime.com) partners with institutional FX solutions provider BidFX to expand and centralise access to the interbank funding market. The solution has reduced overnight funding rates (swaps) for its retail and institutional clients by over 50%.

WikiFX
2022-05-27 11:57
News
WIKIFX REPORT: Global Prime Partners BidFX To Reduce Overnight Funding Rates By Over 50%
WikiFX report: Global Prime secures brokerage mandate with IPGL

NewsWikiFX report: Global Prime secures brokerage mandate with IPGL

2022-04-18 15:03

Global Prime Partners has been appointed as prime broker to private investment firm IPGL.

WikiFX
2022-04-18 15:03
News
WikiFX report: Global Prime secures brokerage mandate with IPGL

User Reviews

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9

Comments

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jewhdi
more than one year
Would be better if the charts were New York close charts.
2024-05-17 18:41
Reply
0
0
vghj86730
more than one year
The service provided by Global Prime isn't very effective or satisfactory. I've been requesting to speak with a client manager early on, but it seems like nobody cares.
2024-03-08 12:24
Reply
0
0
李娜娜
more than one year
A very old clients of Global Prime, trading with this broker is definitely a good choice. What impressed me most was its responsive customer support, always helping me to fix my problems. I would like to give it 10 stars!
2023-02-20 10:49
1
0
0
寒风
more than one year
Horrible customer support! When I asked them when to process my withdrawal request, they were so impatiently, asked for to wait. I quarreled with them, and they directed closed my account! Jerks, go to hell!
2023-02-16 10:29
Reply
0
1
萍27370
more than one year
In my eyes, Global Prime is a good online forex broker, as it offers attractive conditions, with low spreads and reasonable commission. Also, the customer service they offer is fantastic. I get a quick response and my issues are resolved quickly.
2022-11-24 09:40
1
0
0
阿牧童
more than one year
This Global Prime features tight spreads, great support, good enough for manual trading, yet lack of deposit options… don’t go there for scalping, same slippage as any other broker. More importantly, once you make a deposit, it is hard to get your money back. Take care, guys!
2022-11-18 15:29
Reply
0
0
文章
more than one year
Trading for last consecutive year on a part time basis. Trading is convenient however i found out that you need to learn it first before you start making money with trading. Global Prime have multiple choices of assets, commodities, currency pairs etc with little spreads on mt4 platform. Get started with a demo account and then you can choose to open a live account or just leave away.
2022-11-16 17:34
Reply
0
0
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