GLOBAL PRIME foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://gpchina.finly.com/Applications/SimpleApplicationForm, about the company's legal and temporary regulatory information, the company's address .
GLOBAL PRIME Forex Broker
Basic information
China
5-10 years Suspicious Regulatory License MT4 Full License Regional Brokers High potential riskCompany profile
General Information and regulation
Global Prime was founded in 2010 ， and is the spanading name of Global Prime Pty Limited, ABN 74 146 086 017. Global Prime Pty Lspan, ABN 74 146 086 017, Global Prime holds an Australian Financial Services Licence (AFSL) to carry on financial services business in Australia, limited to the financial services covered by its AFSL no.385620. Global Prime FX Ltd is a registered Seychelles company (Company Number 8412189-1) and holds a Securities Dealers Licence SD057 issued by the FSA.
Market Instrument
Tradable Instruments on offer at Global Prime includes; Forex, Indices, Commodities, Shares and Bonds. Clients can therefore trade with each of the instruments mentioned.
Account & leverage
Global Prime only offers one account type – The ECN Account. Global Primes ECN comes as Individual, Joint, Corporate and Trust solutions. Traders must deposit at least $200 AUD or the equivalent in any of the supported account currencies (AUD, USD, EUR, GBP, SGD, and CAD) in order to open a Global Prime account. Global Prime also offers competitive overnight swap rates, which are taken directly from the interbank market. The maximum leverage cap offered by this broker tops out between 1:100 – 1:200. The 1:200 option seems to be reserved for those that have received special approval, so it seems that most retail clients will only be able to trade up to the 1:100 option.
Trade size
The Global Prime account allows for a minimum trade size of 0.01 lot (one micro lot). The maximum trade sizes are usually determined by the account‘s size because the margin requirement is 1%. All trading strategies are allowed, but trading news or tick scalping is not recommended because these type7s of strategies do not seem to work well with the broker’s liquidity setup on MT4.
Spreads & Commissions
Global Prime combine tier-1 bank, non-bank and ECN liquidity to give clients tight spreads across our range of global markets 24/5.
Spreads at Global Prime are variable starting from 0.0 pips. Typical spreads on leading pairs EUR/USD are 0.1 and 0.6 on GBPUSD. Typical spreads on FTSE100 are 0.84 and 1 on the Nasdaq 100. Global Prime only charges commissions on forex and metal trades with the ECN account. Commission charges per standard lot are as follows: 7 AUD, 7 USD, 6.2 EUR, 5.4 GBP, 9.5 SGD, 9 CAD.
Trading platform available
Global Prime offers MetaTrader 4, TraderEvolution and FIX API platforms. The FIX API solution is also designed for professional traders who are looking to deploy proprietary algorithmic trading solutions with the lowest possible latency. The platform is best suited to experienced traders who want the flexibility to use any programming language.
Trading Tools
Apart from trading platform available on the Global Prime platform, it has also provides some trading tools to help traders adapt to their trading environments, including VPS offers, Zulu Trade, PIP Calculator, as well as MyFXBook Autotrade.
Deposit and Withdrawal
Global Prime offers a wide range of deposit methods. Deposit requirements range from AUD $1 to AUD $200. Clients can use any of the following methods to deposit funds to their Live Trading account. FasaPay, Neteller, Skrill, Master card and Visa, BPay, Bank Wire AccentPay, pagsmile, ZotaPay and more.Withdrawal requests that are received before 11:00 will be processed within the same business day and requests received after that time will be processed the following business day
Customer Service
In terms of customer services, Global Prime supports team can be reached through Live chat, Email or contact Phone Call.
Rating Index
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Latest Reviews
talal baig
Pakistan
Global Prime Pty Ltd had claimed on its website that it has an extensive list of more than 20 Liquidity Providers, and had also claimed to source for the best pricing from these Liquidity providers for its clients. Proof of such claims can be found on the screenshot of their website as attached here.. In March 2021, while I was going through my past trade receipts, I found out that the Company did not execute my trades in accordance with the claims they’ve made on their website.
Exposure
2021-08-31
Mayaz Ahmad
Bangladesh
In March 2021, while I was going through my past trade receipts, I found out that the Company did not execute my trades in accordance with the claims they’ve made on their website. Instead, over one thousand trades on 2 of the instruments, US30 and XTIUSD, were executed solely with one counterparty only. Below is a small sample of the 1000+ trades placed on the US30 and XTIUSD:
Exposure
2021-08-27
FX8868946132
United States
I used this platform https://e-options.io/en/ and invested $1,286 on 1/17/22 in 5 days I was promised to earn $8,250. In order for the winnings to be greater than $10k I was asked to put in an additional $1k. When I want to withdraw, they asked me to upgrade and I paid $10k The profits amounted to more than $190k. I asked for a deposit to a bank account and they turned out that I had to pay an FDIC fee for$62k. I didn't pay it. 213-282-2345, 213-592-0370, 321-355-7094 Sarina
Exposure
2022-02-23