Global Prime Review – Is Global Prime Scam or a Proper Broker?

Global Prime Review

Global Prime is an Australian based broker providing trading services to the customers since 2010. The broker offers a secured and regulated environment to the traders where they can trade across 120 different countries. The ECN accounts of the firm allow the access to 20 different liquidity suppliers directly. Since the past years, the broker is playing its role as an international trading platform and has successfully created an esteemed place in the market. A detailed Global Prime review is given below that describes the key features and the exemplary services provided by the broker, that makes it a reliable and trustworthy platform for the traders.

Is Global Prime a Scam?

No, Global Prime is a regulated broker that is regulated by top-notch regulatory bodies. It is looked after by the Australian Securities and Investments Commission (ASIC) and is made to follow the strict rules and guidelines as per the requirements of ASIC. Moreover, the firm also holds the license from AFSL. In any scam or false activity is detected by the higher authorities, the firm is heavily fined and has to undergo a strict accountability procedure.

• Trading Platforms

The trading platforms provide the opportunity to the traders to trade at any time and anywhere worldwide via their electronic devices. Global Prime has been integrated with the most commonly used trading platform known as MetaTrader4 (MT4). The software provides a number of technical tools to facilitate the traders such as add-ons, charts and other indicators.  Moreover, the broker also provides fast trading with customized liquidity.

The software could be accessed through desktop web, mobile phones and tablets.

• Leverage

Global Prime offers high leverage ratio to the customers. Although due to the potential risks, the European higher regulatory authorities refrain from it, ASIC still permits high leverage ratios to the firms under its supervision. The leverage ratio offered by Global Prime is up to 1:200.

• Bonuses

Bonuses are often offered by the brokers to attract a greater number of customers towards their firm. Offers such as deposit bonuses or welcome bonuses are given to people due to increasing market competition.

Global Prime, however, does not offer any bonus or promotion facility to its customers.

• Commission and Spreads

Global prime sticks to low spread values as compared to the other brokers. It offers usual spread round about 0.1 pips in EUR or USD. It also charges a commission of worth $7 for every 100k. It is a very adequate amount to build its place in the financial market. Commission is basically the amount that is charged by the broker for trading on behalf of the trader.

• Commodities and other trading Markets

Global Prime offers a wide range of assets for its customers to trade. The traders can deal in cryptocurrencies, forex, commodities, precious metals and indices through the CFD tools provided by the broker. It also provides the opportunity to the clients to trade in 48 different currency pairs.

• Accessible Countries

As the name indicates, Global Prime operates worldwide. It can be accessed by the traders from Australia, South Africa, United Kingdom, Canada, Sweden, Italy, Norway, Kuwait, United Arab Emirates, India, Germany, France, Saudi Arabia, Denmark, Thailand, Luxembourg and Qatar. However, it is not accessible to the traders residing in United States of America

• Educational Resources

To trade effectively and technically, one should have a sound understanding of the techniques and tools being used in the procedure. One should train himself accordingly and should have an analytical approach towards the market conditions and prices.

Global Prime offers a good collection of educational resources to its customers available at their website. It also has popular YouTube channel where it provides a complete range of training and informative videos for its users.

Conclusion

Equipped with the advanced techniques and tools, Global Prime is helping the traders to trade effectively in the international market since the past many years. It also focuses on analytical thinking of their customers and train them accordingly so that they can earn maximum profit.

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