is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure
See our top-rated brokers for Best US Forex Brokers for 2020 Read Guide

Global Prime is an ASIC-regulated MetaTrader-only broker based in Australia, and is owned by Gleneagle Securities. However, its limited range of products and lack of research tools weighs down on its offering.

Steven Hatzakis | March 27th, 2020

help 72
Trust Score
  • Severe lack of research tools
  • Small range of forex pairs and CFDs offered

Review Sections:

Please Note: Global Prime was not included in the 2020 annual review. As a result, this broker's ratings may be outdated. Read our Best Forex Brokers 2020 guide for a look at the top rated forex and CFDs brokers.

Founded in 2010, Global Prime Pty Limited (Global Prime) is an Australian-based forex broker regulated since 2011 by the Australian Securities & Investment Commission (ASIC), and is owned by Gleneagle Securities (Aust) Pty Ltd, based in Sydney. Global Prime offers 14 CFDs and 40 forex pairs and is a MetaTrader-only broker, offering the popular MetaTrader4 (MT4) platform developed by MetaQuotes Software Corporation.

Is Global Prime Safe?

Global Prime is considered average-risk, with an overall Trust Score of 72 out of 99. Global Prime is not publicly traded and does not operate a bank. Global Prime is authorised by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Global Prime is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC) Learn more about Trust Score.

Regulations Comparison

FeatureGlobal Prime
Year Founded2010
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses1
Tier-2 Licenses0
Tier-3 Licenses0
Trust Score72

Offering of Investments

The following table summarizes the different investment products available to Global Prime clients.

FeatureGlobal Prime
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs)40
CFDs - Total Offered14
Social Trading / Copy-Trading No
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD No

Commissions & Fees

Global Prime offers traders the option of choosing a round-turn commission or marked-up spread, although it does not list any average spreads on its website. Using third party data from Myfxbook, average spreads at Global Prime ranged between 0.3 pips to as much as 7.2 pips during news announcements, as per the date range depicted in the sample snapshot below.

Myfxbook Global Prime spreads

FeatureGlobal Prime
Minimum Initial Deposit$500
Average Spread EUR/USD - StandardN/A
All-in Cost EUR/USD - ActiveN/A
Active Trader or VIP Discounts No


Aside from its listing of ZuluTrade and Myfxbook Autotrade, for social copy trading Global Prime doesn’t offer much else when it comes to research tools, making this category an area in which the broker is severely lacking.

FeatureGlobal Prime
Daily Market Commentary No
Forex News (Top-Tier Sources) No
Weekly Webinars No
AutoChartist No
Trading Central (Recognia) No
Delkos Research No
Social Sentiment - Currency Pairs No
Economic Calendar Yes

Platforms & Tools

Global Prime is a MetaTrader-only broker, offering from the suite of platforms developed by MetaQuotes Software Corporation, including the MetaTrader 4 (MT4) platform. To learn more about MT4, read our MetaTrader guide.

MetaTrader4 Desktop Forex Brokers

While MT4 comes standard, with little variation in functionality from broker to broker, there can be significant differences in how the platform is set up for trading spreads and commissions, execution, and other tools, features, and administrative areas.

Besides spreads, the range of instruments, and account types, here is a summary of the differences in features between Global Prime’s available MT4 offering and the default MetaTrader experience:

    • Lack of any news provider in MT4
    FeatureGlobal Prime
    Virtual Trading (Demo) Yes
    Proprietary Platform No
    Desktop Platform (Windows) Yes
    Web Platform No
    Social Trading / Copy-Trading No
    MetaTrader 4 (MT4) Yes
    MetaTrader 5 (MT5) No
    cTrader No
    Charting - Indicators / Studies (Total)51
    Charting - Drawing Tools (Total)31
    Charting - Trade From Chart Yes
    Watchlists - Total Fields7
    Order Type - Trailing Stop Yes

    Mobile Trading

    Global Prime offers iOS and Android mobile trading applications for its MetaTrader platforms, available directly from developers on the iTunes Store and Google Play. To learn more about MT4, read our guide to MetaTrader..

    Metatrader4 mobile watchlist

    FeatureGlobal Prime
    Android App Yes
    Apple iOS App Yes
    Trading - Forex Yes
    Trading - CFDs Yes
    Alerts - Basic Fields Yes
    Watch List Yes
    Watch List Syncing No
    Charting - Indicators / Studies30
    Charting - Draw Trend Lines Yes
    Charting - Trend Lines Moveable No
    Charting - Multiple Time Frames Yes
    Charting - Drawings Autosave No
    Forex Calendar No

    Other Notes

    For MT4 traders who meet a monthly minimum volume required, Global Prime offers two Virtual Private Server (VPS) services for free from third parties, including and BeeksVPS.

    Final Thoughts

    Global Prime is a long-standing forex broker, backed by Gleneagle Securities in Australia. Aside from social-copy trading options, the broker’s lack of research tools and small range of tradeable products puts it at a disadvantage compared to its peers. For traders who don’t require such tools, Global Prime offers competitive spreads on its main account type, which requires a $500 minimum balance.

    Forex Risk Disclaimer

    "There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.

    Steven Hatzakis

    About the author: Steven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Ratings Overall


Commissions & Fees
Offering of Investments
Platforms & Tools
Customer Service
Mobile Trading

Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website ( are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses or any of its reviews, products, or services. declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

arrow_drop_upBack to top