Global Prime is this a scam? Review and Customers Reviews

Global Prime – that Forex brokerwhich appeared on the financial market back in 2010. For 10 years of work this company has managed to make a world name for itself. Global Prime offers its clients actual trading tools for personal investments and new trading opportunities. And also guarantees each client individual liquidity, fast execution of orders and professional support.

But is Global Prime really a reliable company worth trusting with your money? Is it worth wasting time on cooperation with this broker or it’s all pointless? Maybe globalprime.com is a fraud and a scammer who is only interested in the money of the people attracted to his platform? Let’s answer all these questions in our detailed review!

 

Terms of trading with Global Prime

Global Prime does its best to provide every client with a personal experience that he or she would not find on any other financial platform. Transparency of activity, passion for trading and care for clients has made this broker a world-class company. Global Prime trading conditions:

• A wide range of trading instruments – more than 40 currency pairs, Cryptocurrencies, metals, stocks, stock indices, oil and other commodities;
• account base currency – USD, AUD, CAD, SGD, GBP, EUR;
• The minimum deposit is $200;
• The minimum deal size is 0.01 lots;
• leverage from 1:100 to 1:200;
• Narrow spreads for comfortable trading – for majors are kept from 0.0 to 0.2 for EUR/USD and from 0.2 to 0.6 for GBP/USD;
• no deposit and withdrawal fees;
• 24/5 tech support;
• quick and easy registration.

Traders’ funds are placed on a trust account in one of Australia’s largest banks – WestPac. As far as training is concerned, Global Prime does not give too much on Learning to trade in the forex marketIt is focused on professional traders, not beginners. Global Prime offers two types of accounts:

• ECN account (ECN account). Here you can open individual, joint, corporate and trust accounts. Traders have access to 46 currency pairs, 6 commodities, 10 indices and 5 cryptocurrencies. Spreads from 0 pips, transactions are executed quickly and accurately. Any trader can open a standard ECN account.
• Institutional Account (Institutional Account). Traders get access to deep institutional liquidity through a large number of books and a diverse pool of liquidity providers. The account can be opened by individuals or legal entities. There is no minimum deposit, but there is full support at all stages of trading (a personal manager is assigned).

 

Global Prime Platform

Global Prime offers private traders the world’s most popular trading platform, with market-leading trading conditions for an ECN account. And as you have probably already guessed, we are talking about the trading platform MetaTrader4. The MT4 platform brought automated trading to the masses. Used by millions of traders, it has changed the way private traders access the world markets. Speculators around the world can now use tools and technology that were previously only available to institutional traders.

Advantages of MetaTrader4 trading software:

• ease of use;
• trade in one click;
• Change the settings to suit your preferences;
• automated trading.

The TraderEvolution platform is available for institutional clients. This is a new generation multilevel trading terminal designed for serious traders who require advanced functionality for order entry, analysis and algotrading. Global Prime specialists also offer their own solutions for professional traders:

• FIX API
• Skout

The FIX API was created for those who want to deploy their priority algorithmic trading solution with minimal delay. And Skout is a price aggregation engine with which institutional clients can profitably contract and make good profits.

Broker quotes

Global Prime does not hide its liquidity providers – they are Prime XM, FlexTrade and others. Along with these well-known providers of exchange prices and with X-core from Prime XM, Global Prime uses its own price aggregation engine Skout. The broker fruitfully cooperates with big companies BNP Paribas and Jefferis and is ready to show who was the counterparty in any trader’s deal.

 

Demo account globalprime.com

Global Prime offers its clients a demo account where you can practice trading financial assets without any investment. A demo account is a great way to feel part of the Global Prime family. You can choose the account currency and the amount you want to use when learning to trade on the website globalprime.com. This can be $200, $500, $2,500 or $10,000. Start trading risk-free and explore Global Prime’s trading conditions without spending your own money.

 

Mobile application

Platforms at Global Prime include MetaTrader4 for IPhone, Android, Mac and Windows. For faster performance, the broker offers free or discounted Via Beeks VPS hosting. Forex trading can be done not only from a PC or laptop, but also from a tablet or smartphone. The Global Prime app can be downloaded to your mobile device via App Store or Google Play.

 

Bonuses at Global Prime

Forex broker Global Prime offers traders the “Bring a friend” program. By participating in it, you can get $100 to your trading account. This bonus is available to all existing clients of the brokerage company. If a new client is successfully attracted, $100 will be credited to your account. It is important that the person attracted to globalprime.com is not a spouse or client of Global Prime in the past. The new client must open an account, deposit at least $200 and execute at least 5 standard lots in his account. Only after all these conditions are met will you earn $100.

Affiliate Program

Global Prime’s referral program offers attractive rewards, high conversion rates, state-of-the-art technology, and a dedicated account manager. It has everything to maximize your potential income. The broker offers 2 types of rewards for partners:

• Introducing Broker (IB). An active broker representative receives monthly payouts, a $2-5 commission per lot return and lifetime discounts. This offer is ideal for trading educators and investment product consultants.
• Affiliate Program. Global Prime partners can earn up to $400 per conversion and get paid monthly. The accumulative CPA structure is designed for bloggers, website owners and publishers. Learn more about the affiliate program at globalprime.com.

 

Deposit and withdrawal

You can make a deposit in one of these ways:

• VISA or MasterCard;
• bank transfer;
• payment system – BPAY, Poli, etc.

Transactions with cards and electronic payments are processed instantly. Only transfers via BPAY can take up to 24-48 hours. And bank transfers are processed within 1-5 business days. You can withdraw funds from your account by bank transfer, via Neteller or with VISA/MasterCard. The fastest way to withdraw money from your account is via Neteller: instantly after the withdrawal request is processed. Bank transfer takes from 1 to 5 business days, and to the card – from 1 to 10 business days.

 

Complaints about Global Prime

Judging by the reviews on the official website globalprime.comI have a lot of experience with this company. Many note that this is a reliable broker with good spreads and trading opportunities, as well as excellent customer support. They write that they can deposit their balance in less than 2 minutes. Most traders are very happy that they managed to find the first broker with ethical principles in the market. Global Prime has the best market spreads and by far the best scalping strategies.

However, it is not without negatives. On third-party resources there are negative reviews of Global Prime. They write that spreads change sharply from 0.8 to 2.4 points, but customer support cannot explain the reason for this phenomenon. Some people complain that they have been waiting for 11 days for a small amount to be credited to their card – for example, 230 dollars, and technical support does not react to their letters. In general, the feedback about the broker is very diverse.

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Broker regulator

Global Prime is an Australian forex broker with its head office located in Sydney and support offices around the world. The company holds an Australian Financial Services Licence (AFSL No. 385620). Global Prime Pty Ltd is regulated by VFSC, a Vanuatu company (#40256). The broker cannot serve clients from North Korea, Iran, USA, Ivory Coast and Ontario (Canada).

• Check the Global Prime license on the AFSL website (ABN 74 146 086 017)
• Check your Global Prime license on the VFSC website (#55 on the list)

Globalprime.com User Agreement

The agreement spells out the main terms on the basis of which the company interacts with its clients. The document spells out the broker’s obligations: the company must consider the interests of clients, compensate for losses in case of errors and provide clients with reports.

Forex broker Global Prime may change the minimum deposit amount, fees and other charges from time to time, but is obliged to notify its clients:

The agreement specifies the obligations and responsibilities of clients. The main thing is that the user follows the clauses of the founding documents of the brokerage company and does not violate their provisions:

 

Global Prime is a Scam?

Global Prime – is a licensed Forex broker, providing its services to traders around the world for 10 years already. Such a long period of the company’s existence on the financial market shows that it is clearly not a one-day office created to deceive people. The company does not conceal its location and contacts. Accordingly, Global Prime cannot be called a scam or a swindler.

Judging by the reviews on the web, many exchange players like Global Prime broker. Many note in their reviews of the company that they have already traded on various platforms, and are very glad that they got to know globalprime.com. They write that no broker could offer them such tight spreads and fast withdrawal of funds before. Moreover, Global Prime cooperates not only with private traders, but also with institutional ones. It offers partners several ways to make money and help at any stage of work with globalprime.com. Bonuses, interesting affiliate program, excellent trading conditions and respectful attitude to clients make this broker a favorite of many speculators.

 

Conclusion

Global Prime – is a brokerage company that offers its clients the opportunity to trade in the Forex and CFD markets. Traders have access to more than 40 currency pairs, cryptocurrencies, metals, stocks, stock indices, oil and other commodities.

Global Prime’s ability to provide individual liquidity, fast order execution and friendly support ensures that clients of this forex broker receive all-round expert assistance. This is evidenced by the positive reviews of Global Prime on the official website and third-party resources.