Global Prime at a glance
Global Prime is an Australian-origin forex and CFD broker established in 2010, with trading operations focused on forex, precious metals, indices, commodities, cryptocurrencies, bonds and share CFDs. It offers MetaTrader 4 and MetaTrader 5, with separate Australian and Vanuatu operating entities. Its services include retail, wholesale and institutional trading.
Global Prime reports a founding year of 2017; trading operations launched in June 2019. and a head office in Sydney, Australia. It lists 2 regulators and 6 trading platforms.
BrokerBazaar verdict
Global Prime has an established operating history and an ASIC-regulated Australian entity, supported by a separate Vanuatu operation. Its raw pricing, MT4 and MT5 support, and published product disclosures are relevant features. However, offshore leverage and differing client protections require careful consideration when assessing its overall risk.
Legal entities, regulation and licences
Global Prime operates through 1 legal entity, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Global Prime states that it accepts clients from International clients, subject to jurisdictional restrictions. The broker excludes residents of the United States, Japan, New Zealand, India and several other jurisdictions.. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex, Precious Metals, Indices, Commodities, Cryptocurrency CFDs, Share CFDs, Bond CFDs. Platforms: MetaTrader 4, MetaTrader 5, MT4 WebTrader, MT5 WebTrader, Desktop Trading, Mobile Trading. Account types: Standard Account, Raw Account, Demo Account, Pro Account (eligible clients), Individual Account, Joint Account, Corporate Account.
Best-for tags assigned by our team: ECN Trading, Transparency, Scalpers.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is No mandatory minimum deposit for the standard live account, according to the broker.. Spreads start from 0.0 pips and commission is USD 3.50 per lot per side (Raw). Maximum leverage is 1:500, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: variable. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Transfer, Credit Card and other electronic payment methods, subject to region and account eligibility. Withdrawal methods: Bank Transfer, Credit Card refunds and other supported payment methods, subject to the original deposit method and regional availability.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: support@globalprime.co. Phone: https://globalprime.com/company/legal-documentation. Clients can submit complaints through the broker's support channels and formal complaints-resolution process. Australian retail clients can escalate eligible unresolved complaints to the Australian Financial Complaints Authority (AFCA). Vanuatu clients are subject to the applicable Vanuatu complaints policy and its stated dispute-resolution arrangements. The exact response deadlines should be checked against the policy applicable to the client's legal entity.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Established business with a history dating to 2010.
- Strength: ASIC-regulated Australian entity.
- Strength: No mandatory minimum deposit.
- Strength: Raw spreads from 0.0 pips on eligible instruments.
- Strength: Competitive commissions on the Raw account.
- Strength: Supports MT4 and MT5, including web and mobile versions.
- Strength: Allows expert advisers and automated trading.
- Strength: Offers segregated client money arrangements for eligible clients.
- Strength: Provides 24/7 customer support.
- Limitation: High leverage on the Vanuatu entity increases potential losses.
- Limitation: Client protection varies by contracting entity and jurisdiction.
- Limitation: The broker does not accept clients from India and several other markets.
- Limitation: Raw accounts incur commissions on applicable instruments.
- Limitation: Spreads can widen during volatile market conditions.
- Limitation: Overnight financing charges apply to positions held beyond the trading day.
- Limitation: CFDs are complex, leveraged products that can result in substantial losses.
Who this broker suits, and who it does not
Global Prime is most relevant to traders looking for: ECN Trading, Transparency, Scalpers.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Global Prime change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Global Prime yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Global Prime
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Sitejabber 1.9/5; Trustpilot 4.7/5; Forex Peace Army 4.62/5; Google Play Store N/A/5; Apple App Store N/A/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with Global Prime through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.