Global Prime Review
5.0/5

Global Prime Review

Global Prime provide custom liquidity solutions for retail and institutional traders who are looking for transparent, flexible and cost-effective trading solutions. They use an ECN NDD model with MT4, Trader Evolution and FIX API trading platforms available.
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Global Prime Review Review, Pros & Cons

Global Prime present {custom} liquidity options for retail and institutional merchants who’re in search of clear, versatile & cost-effective buying and selling options. They use an ECN NDD mannequin with MT4 & FIX API buying and selling platforms out there.

Pros
  • Regulated broker
  • MAMM/PAMM accounts
  • STP executions with no dealing desk
  • MT4 & MT5 trading platforms
  • Free webinar training twice weekly
  • Regulated
  • Segregated consumer funds
  • FIX API
  • ECN / NDD
  • VPS supply
  • Various account funding choices
  • Useful buying and selling instruments & instructional supplies
  • Cons
  • No US purchasers
  • No fastened unfold accounts
  • Limited non-FX devices
  • No MAM/PAMM
  • In this detailed Global Prime evaluate, our on-line dealer analysis workforce have coated a number of the most vital facets so that you can contemplate when selecting the very best dealer in your on-line buying and selling wants.

    Global Prime Review

    Global Prime present {custom} liquidity options for retail and institutional merchants who’re in search of clear, versatile and cost-effective buying and selling options. They use an ECN NDD mannequin with MT4, Trader Evolution and FIX API buying and selling platforms out there.

    In this detailed Global Prime evaluate, our on-line dealer analysis workforce have coated a number of the most vital facets so that you can contemplate when selecting the very best dealer in your on-line buying and selling wants.

    Global Prime Overview

    Global Prime is an Australian based mostly on-line dealer providing 40+ buying and selling devices to purchasers worldwide throughout a number of markets together with Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, NDFs & CFDs.

    Founded in 2010 by merchants with a ardour for on-line buying and selling, Global Prime has purchasers in over 120+ international locations with a mean month-to-month buying and selling quantity of 30+ billion. They have 3 prime brokers based mostly throughout 3 continents.

    • Min: $250 Deposit
    • Regulated: CySEC
    • Country: Cyprus
    • Operating Since: 2018
    • Type: STP, ECN
    • Platforms: TradeFW, MetaTrader 4, Web, Mobile
    • Type: STP, ECN

    Global Prime Features Overview

    Global Prime have the superior expertise to supply retail and institutional merchants with customised liquidity sourced from tier 1 and regional banks, non-banks and ECN liquidity suppliers similar to Fastmatch, LMAX, Currenex, Gain GTX, Hotspot. This permits for tight spreads, good execution speeds and depth of market.

    In addition to a deep liquidity pool they use an digital communication community (ECN) with no-dealing desk. This helps to make sure there isn’t any execution manipulation nor battle of curiosity and purchasers obtain precisely what they’re after. Custom co-located, low latency internet hosting and connectivity options can be found inside PrimeXM’s institutional grade world infrastructure in New York’s NY4 information heart.

    Global Prime will present any dealer, for any commerce, which liquidity supplier priced their commerce (they are saying priced as a result of trades underneath 0.5 tons in FX are internally housed till they attain 1 lot to scale back the small ticket charges): quickly to be included in consumer portal, with a tick graph.

    Global Prime spreads begin from simply 0 pips with a $200 minimal deposit requirement. Leverage of as much as 1:200 is accessible while there are zero charges for funding and withdrawals. They supply the favored MetaTrader 4 (MT4) buying and selling platform and likewise a FIX API for direct market entry (DMA).

    Global Prime Benefits

    Great emphasis is concentrated in direction of taking care of each consumer no matter their degree of funding. Customer service is immediate, environment friendly and pleasant in answering consumer questions.

    Global Prime Regulation

    Global Prime is totally licensed and controlled by the Australian Securities and Investment Commission (ASIC). They additionally maintain an Australian Financial Services Licence (AFSL) to hold on monetary providers enterprise in Australia.

    ASIC is an unbiased authorities physique which is in place to implement and regulate firm and monetary providers legislation as a option to defend Australian shoppers, traders and collectors.

    Obtaining an AFSL requires that companies present proof that they’re competent to hold out their enterprise operations, have enough monetary assets and adjust to nationally set requirements for coaching, insurance coverage and dispute decision.

    Gleneagle Securities PTY Limited buying and selling as Global Prime FX is a registered Vanuatu firm and is regulated by the Vanuatu Financial Services Commission (VFSC).

    Global Prime FX Ltd is a registered Seychelles firm and holds a Securities Dealers Licence issued by the Financial Services Authority of Seychelles (FSA).

    These laws and licenses assist to present purchasers peace of thoughts that they’re utilizing a trusted dealer that should abide by strict guidelines from authorities organisations.

    Client funds are saved in segregated consumer belief accounts with Westpac guaranteeing that they’re separate from the businesses’ funds and never used for another functions similar to operating prices or hedging. Westpac is without doubt one of the main Australian banks and the oldest. Global Prime should adjust to ASIC Client Money Reporting Rules.

    Global Prime Countries

    Global Prime shouldn’t be in a position to settle for purchasers from North Korea, Iran, United States of America and Ontario (Canada).

    Some Global Prime dealer options and merchandise talked about inside this Global Prime evaluate might not be out there to merchants from particular international locations as a consequence of authorized restrictions.

    Global Prime Platforms

    Global Prime presents the MetaTrader 4 (MT4) buying and selling platform which is accessible on desktop (Windows / Mac), internet and cell (iPhone / iPad / Android / Tablet). They additionally present FIX API institutional buying and selling platforms.

    MetaTrader 4 (MT4)

    MT4 is without doubt one of the hottest buying and selling platforms on the planet and is appropriate for all ability ranges. It is person pleasant sufficient for novice merchants while having sufficient superior performance for the extra superior merchants.

    Trading Functions

    MT4 shows actual time value quotes for buying and selling devices out there watch window. There is assist for a number of order sorts together with market and pending orders. You can commerce immediately from charts throughout 9 totally different time frames. Orders might be managed with trailing stops, cease losses and take income. It is versatile and totally customisable to satisfy totally different person wants.

    Market Analysis

    MT4 has a wide variety of inbuilt evaluation instruments together with 30+ technical indicators and 23+ analytical objects for chart evaluation. The built-in MetaEditor permits customers to code their very own {custom} indicators and automatic buying and selling methods within the MQ4 programming language. Custom instruments may also be bought or downloaded without cost from the MT4 market.

    Automated Trading

    MT4 helps auto buying and selling by skilled advisors (EAs). Manual buying and selling methods might be coded to run mechanically utilizing the event atmosphere. There is a technique tester to check and optimise these automated buying and selling methods.

    Alerts & Financial News

    MT4 can ship alerts in regards to the newest markets information or actions based mostly in your pre-set necessities. Alerts will help to organize you for particular actions and might be despatched through a pop-up alarm, electronic mail or SMS.

    MetaTrader 4 (MT4) Mobile

    The MT4 cell buying and selling platform permits you to commerce on the go from anyplace on the planet with an web connection. You can entry your account, place/handle/shut positions and analyse the markets. It has the identical performance of the desktop platform together with push notifications. MT4 cell is accessible for obtain on each Android and iOS from the related app shops.

    FIX API

    Global Prime present institutional purchasers with bespoke institutional buying and selling platforms for superior and cost-effective buying and selling in a safe and controlled atmosphere. Institutional purchasers get deep liquidity with a big prime of e book and various pool of liquidity suppliers.

    Trader Evolution

    Trader Evolution is a multi-asset platform, which may open up the brokers product providing. It has a complicated entrance finish and totally customisable interface for buying and selling a number of belongings. There are many options together with skilled buying and selling instruments and superior charting for market evaluation.

    Trader Evolution has dwell depth of market (L2) for all merchandise and a number of buying and selling panels, to view/commerce liquidity supplier depth. Strategies might be developed with EvoCode. It is at the moment out there as a desktop platform and shortly to be out there as a cell app.

    Skout

    Skout is the Global Prime proprietary FIX API engine that permits institutional purchasers to supply costs as a market maker and obtain costs as a market taker. It has low latency with aggressive commissions and exterior liquidity sourced from NY4 through cross-connects.

    PrimeXM

    PrimeXM is an aggregation service that advantages from MT4 bridging with server-side plugins. The buying and selling interface makes use of a FIX compliant interface. It helps to make sure low latency connectivity and institutional high quality internet hosting options with superior safety ranges.

    FlexTrade

    FlexTrade has a complicated person interface that is filled with performance for buying and selling a number of belongings on the purchase and promote aspect.

    Global Prime Trading Tools

    Global Prime have some helpful buying and selling instruments for various merchants wants that can be utilized as a part of a buying and selling technique.

    MyFxBook AutoTrade

    Global Prime purchasers can hyperlink their account to MyFxBook AutoTrade. This is an automatic social buying and selling service the place merchants can subscribe to and replica different merchants alerts immediately into their very own buying and selling account. There is not any further software program wanted as AutoTrade is hosted on internally managed servers.

    You can view and filter the historic outcomes of methods to check observe information. You can subscribe and unsubscribe from a system at any time. Traders might also supply their very own methods for sign copying in the event that they fulfil a strict screening course of which incorporates needing a considerable commerce historical past over a sustained time period. It needs to be famous that previous efficiency is on no account a assure for future efficiency.

    Virtual Private Server (VPS)

    A VPS permits customers to run a buying and selling platform 24/7 with no need to have their very own pc switched on. They are sometimes used to run skilled advisors (EAs) and to take care of connectivity to a buying and selling server. Global Prime have partnered with Beeks Financial Cloud, ForexVPS.NET and New York City Server VPS. Each service presents all Global Prime purchasers a reduction while purchasers who commerce at the very least 20 tons per thirty days can apply without cost VPS internet hosting.

    FX Pip Calculator

    Global Prime supply a buying and selling calculator to help with buying and selling calculations. It can present you the way a lot margin every place would wish earlier than putting it and value actions underneath which your place will expertise a revenue or loss.

    Global Prime FX Pip Calculator

    Economic Calendar

    The financial calendar supplied by TradingView shows the newest information releases and the international locations affected. The precise, forecast and prior outcomes are displayed.

    ZuluTrade

    ZuluTrade is a replica buying and selling platform the place customers can share and replica the alerts of different merchants. Global Prime is related to Zulu Trade through the revenue share mannequin.

    Global Prime Education

    Global Prime supply a wide range of totally different studying supplies together with tutorials, guides and market insights.

    Trading Videos

    There is a collection of instructional movies that may assist to enhance buying and selling data and abilities. Topics coated embrace technical evaluation, basic evaluation, buying and selling instruments and extra.

    Global Prime Trading Videos

    Educational Guides

    Just just like the buying and selling movies, there’s a collection of instructional guides geared in direction of serving to merchants enhance their data and abilities. There are a wide range of subjects coated appropriate for all ranges of merchants.

    Global Prime Educational Guides

    The Daily Edge

    This part of the Global Prime web site offers incessantly up to date articles that cowl varied market evaluation in nice element from technical and basic evaluation to valuations and bias.

    Global Prime The Daily Edge

    Newsletter

    There is a e-newsletter which you’ll be able to register for to obtain instructional guides, day by day market insights and evaluation direct to your inbox. This generally is a helpful option to hold updated with what’s going on within the markets.

    Global Prime Discord Chatroom

    Another function out there on this buying and selling dealer is the Global Prime Discord chatroom, the place merchants focus on their day by day buying and selling actions. You can share buying and selling evaluation and concepts while having your questions personally answered by the brokers in-house specialists. The chat room at the moment has greater than 2,500 subscribers, with 1000’s of logins on a month-to-month foundation. This is a novel function that we don’t see on many on-line brokers. The discord chatroom now presents paid and complimentary Mentor rooms, by different merchants.

    Global Prime Instruments

    Global Prime supply tradable devices throughout a number of markets together with Forex, Cryptos, Indices, Commodities, Metals & Energies.

    Forex Trading

    The overseas alternate market (Forex) is a worldwide, decentralised, over-the-counter marketplace for buying and selling currencies. It is the biggest market when it comes to buying and selling quantity. Forex buying and selling includes the shopping for of 1 foreign money often known as the bottom foreign money towards one other foreign money pair often known as the counter foreign money. Traders goal to anticipate that one foreign money will rise or fall towards one other.

    Global Prime supply greater than 50+ main, minor and unique foreign money pairs.

    CFDs Trading

    Global Prime supply CFDs on a number of markets together with Indices, Metals & Energies. CFDs are derivatives that let you commerce an underlying asset, with out having to truly buy that asset. Traders as an alternative speculate on which path the belongings value will transfer, up or down.

    Global Prime presents purchasers the choice to commerce quick or lengthy on Index and Commodity CFDs through MT4 and FIX API. Clients can entry main shares together with the ASX200, Nasdaq 100 and S&P 500. Precious metals gold and silver might be traded as can crude oil (WTI, Brent).

    Cryptocurrency Trading

    Cryptocurrency is an internet digital foreign money based mostly on complicated mathematical algorithms. Traders can speculate on if a cryptocurrency will rise or fall in worth with no need to personal the digital asset.

    Global Prime supply crypto buying and selling based mostly on Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.

    Global Prime Accounts & Fees

    Whilst most brokers have a spread of various buying and selling accounts to select from, Global Prime hold it easy and supply one buying and selling account for all purchasers.

    The minimal deposit required to open the account is $200 while the leverage is both 1:100 or 1:200 relying on approval based mostly on a questionnaire. Commission is $3.5 per normal lot ($7 per 100k spherical flip). The minimal place measurement allowed is 0.01 tons.

    Demo accounts can be found to observe earlier than opening an actual account.

    As dealer charges can fluctuate and alter, there could also be further charges that aren’t listed on this Global Prime evaluate. It is crucial to make sure that you verify and perceive all the newest info earlier than you open a Global Prime dealer account for on-line buying and selling.

    • Global Prime Support

    Global Prime supply 24/5 assist through on-line chat, phone and electronic mail. They are immediate and pleasant to reply to varied common and technical questions.

    In addition, they are often reached through social media platforms Facebook and Twitter, which they use to maintain followers up to date with market occasions and financial releases.

    • Global Prime Deposit & Withdrawal

    Global Prime supply a varied funding and withdrawal strategies together with financial institution wire, bank card, Skrill and Neteller when you want one thing instantaneous. There are additionally quite a few native funding strategies. They don’t cost charges for deposits or withdrawals though worldwide financial institution transfers could incur a separate charge. Deposits should come from an account in the identical title.

    Bank transfers could take just a few enterprise days to clear while some strategies similar to card funds might be immediate. Accounts might be opened in AUD, USD, EUR, GBP, SGD, CAD. The totally different foreign money choices are helpful as foreign money conversion charges don’t apply when utilizing an account in your individual foreign money.

    • Global Prime Account Opening

    To open a Global Prime buying and selling account, you have to fill out a brief type then confirm your electronic mail handle. You will then must confirm your identification and handle with paperwork similar to a passport and utility invoice. Once verified, it is possible for you to to fund your account and start buying and selling.

    Global Prime Account Opening

    Global Prime Summary

    Global Prime is an internet dealer with customisable liquidity options for retail and institutional merchants who’re in search of clear, versatile and cost-effective buying and selling options. The FIX API answer will entice the upper quantity merchants while MT4 is without doubt one of the hottest buying and selling platforms. They are regulated and have an honest foreign exchange providing though maybe barely restricted in different markets in comparison with some on-line brokers.

    All monetary merchandise includes threat and it’s best to make sure you perceive the dangers concerned as sure monetary merchandise might not be appropriate to everybody. Trading in margin overseas alternate and derivatives carries a excessive degree of threat and you could incur a loss that’s far better than the quantity you invested. Past efficiency of any product described on this web site shouldn’t be a dependable indication of future efficiency.

    Global Prime Review Details

    Comissions
    Regulation
    Exchange
    Trading
    5.0
    Price & Leverage
    5.0
    Trading Options & Tools
    5.0
    Comisions & Payment options
    5.0
    Customer Support
    5.0 Overall Rating
    Global Prime Review
    5.0 rating
    5.0/5
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