Global Prime Review 2023
Forex brokers are similar to air in your trading life; the cleaner it is, the better it is for your trading health. Even expert Forex traders are unable to open accounts with multiple Forex brokers and evaluate them one by one, nor are they interested in it. As a result, for traders, our research team of experienced Forex traders is dedicated to rigorously evaluating Forex brokers. Check out our detailed IC Markets review in 2023!
WORLD’S #1 RATED BROKER
TRUE ECN/STP BROKER
PROVIDES TRADE RECEIPT
Why Global Prime is reviewed the best Forex Broker in 2023?
✔ Global Prime is Regulated by ASIC, Australia. ACN 146 086 017.
✔ Only Broker providing Trade Receipt which showing which Liquidity Provider filled your trade.
✔ Ranked No. 1 Position at Forex Peace Army consistently for last 5 years.
✔ A true ECN/STP Execution — Proving by providing Trade Receipt.
✔ “A Book” Broker — Using more than 13 Tier-1 Banks for Liquidity).
✔ FIX API — For Institutional and HNI Forex traders.
✔ FREE VPS — with lowest latency (By Beeks, ForexVPS.net and Newyorkcityservers).
✔ FREE Robot/EA activation support — Very helpful for beginner Forex traders.
✔ Spread starting from 0 Pips.
✔ Lightning Fast Execution Speed — Starting just 40 ms.
✔ 24/5 professionally trained Live Chat Support.
✔ No other compete — Global Prime is the best for Experienced & Institutional Forex Traders.
51 Reasons to start trading with Global-Prime in 2023?
SECURITY OF FUNDS
Formal Name
Global Prime Pty Ltd.
Headquarters
Australia | Suite 604, 35 Grafton Street, Bondi Junction | Sydney | NSW 2022.
Operating Since
2010
Regulation & License
Owner
Global Prime FX is a division of Gleneagle Securities | Australian Business Number is 74 146 086 017.
Financial Ombudsman Service (FOS)
Bank
Westpac Bank Australia
Transparency
Only Forex Broker that Provides Trade Receipt that shows which Liquidity Provider filled your Trade.
Online Reputation
ForexPeaceArmy – 4.7/5 Rating and 377 Reviews (Maintained No. 1 Position Consistently for the last 5 Years).
TRADING CONDITIONS
Trading Volume
360 Billion USD
Spread
EURUSD – 0.1 Pips | EURGBP – 0.6 Pips | GBPJPY – 0.6 Pips | Gold (XAUUSD) – 12 Pips
Leverage
Starting 1:100 | Can increase up to 1:200 based on Risk Approval
Order Execution Speed
40 ms to 400 ms
ECN Commission
$7 (100K Round Turn)
Transaction Cost of 100K Trade
$8 to $11 (EURUSD)
Overnight Swap Charges for 100K
EURUSD – Long ($ -13.40) | Short ($ 6.5)
Margin Call | Stop out
Margin Call at 120% | Stop out level at 100%
Slippage
< 10 Pips (during normal market hours)
Requotes
No
Scalping | Hedging | EA Trading
Allowed
FIFO Rule
No
Order Execution
ECN/STP Execution | No Dealing Desk (NDD) | Direct Markets Access (DMA) | Market Execution
Max. Lot Size
200 Lots
Max. Number of Orders
500 Orders
Margin on Hedged Positions
0%
Average Weekend Gap (EURUSD)
8.4 Pips
FIX API Trading
Available
TRADING PLATFORM & INSTRUMENTS
Trading Platforms
MT4 Desktop | Windows MT4 | Android MT4 | iOS MT4
Range of Markets ↓
Number of Trading Instruments
Forex
42
Indices
10
Commodities
2
Precious Metals
Gold and Silver
DEPOSIT & WITHDRAWAL
Min. Deposit
500 USD or equivalent in other currencies.
Account Currencies
AUD | USD | EUR | CAD | GBP | SGD
Deposit and Withdrawal Methods
Visa Card | Master Card | Wire Transfer | Neteller
Deposit Fee
Depends on Deposit Method
Withdrawal Fee
Depends on Withdrawal Method
Withdrawal Time
Depends on Withdrawal Method
OTHER IMPORTANT FEATURES
Smart Trader’s Tools
PAMM/MAM | Myfxbook Autotrade | FIX API Trading | Low Latency VPS (Beeks, ForexVPS.net, NewYorkCityservers.com)
Live Chat Support
24*5 Professionally trained Live Chat Support
Support Languages
English | Chinese
Promotions
Free VPS
Islamic Account
No
Accepts US Clients
No
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