For example, it took us a while to figure out how to add an asset to our watchlist. We tested the debit card withdrawal and it took 1 business day. A bank transfer can take several business days, while payment with a credit/debit card is instant.
I trade to earn money so if a B-broker want to take all my trades and I earn good from it I do not see any problem they take my trades. Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice.
Global Prime does not charge any fees for either deposits or withdrawals. Yet, you should always check with your payment provider if there are any charges as of the international transfers and so. The amount which will allow you to start trading with Global Prime is set to a competitive $200. Since there is no difference between account types, this amount will allow you to start while further check on the necessary margins and other conditions so you may define a suitable amount. You may also see some spreads above, as well compare spread to another popular broker FXCC. Global Prime made your choice simple and run One account for all. Which means you connect all the solutions to one online feature with a full range of account management and possibilities from Global Prime.
Brokers By Platforms
- Regarding orders execution model, Global Prime is an a-book broker.
- Global Prime Forex offers the MetaTrader 4 and MT Mobile currency trading top platforms.
- Global Prime is a Forex Broker offering Forex Trading services via MetaTrader 4 and MT4 Mobile trading platforms.
- The Broker offers a demo account for clients wanting to test run our services and live accounts for clients looking to get live forex trading underway.
- GlobalPrime.com.au offers over 40 currency pairs, shares, and cfds for your personal investment and trading options.
- Global Prime offers trading of currencies, indices, CFDs and commodities.
We were only clarifying certain information, but using the instant chat option received prompt answers and were treated with the utmost respect and politeness. This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology.
Metatrader 4 (mt Mobile
We really liked that you can change the default leverage size of the products when trading. In this case, Vantage FX support team will contact you with the required forms. There is no fee for credit/debit card and electronic wallet withdrawals.
FCA-regulated brokerages, for example, fall under Financial Services Compensation Scheme , which protects consumers up to £50,000 per person per company. What is more, BlackBull Group Ltd. announces on its website that client funds are kept in segregated accounts and that it applies Strict Anti-Money Laundering policies. No, Global Prime FX does not offer clients an Islamic swap free account because we do not have an account that complies with Sharia Law, particularly with regard to the giving and receiving of interest. FX VPS is a world class Forex VPS provider that provides you with the fastest trade execution, whilst saving you up 60% . Order one of our FXVPS servers for just $19.99 and see the difference for yourself.
Every brokerage aspect is covered in detail to help you decide if they’re right for you. Global Prime is very proud of its management of trade ‘slippage’. It maintains fill ratios with Liquidity Providers which are greater than 90% and uses ‘no last look’ when supported for improved execution and reduced slippage on trades.
They offer you full disclosure with trade receipts plus automated trading with no human interference . BrokerChooser.com does not provide any investment advice, we only help you to find the best broker for your needs. On the other hand, the product offering at Vantage FX is limited toforex, CFDs, and cryptos. Lastly, there is no investor protection for Vantage FX clients. As a negative, the brokerage is not listed on a stock exchange, it does not disclose financial information and it is difficult to ascertain its ownership background. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.
The World’s Most Popular Forex Trading Platform For All Your Devices
Global Prime keeps the offering simple with two account types. Retail clients have the ECN Account while institutional clients have the Institutional Account. The MT4 and TraderEvolution platforms are available as mobile apps in the Apple and Google Play stores. Links to these can be found on the Global Prime website, client area, or by simply doing a search in the app stores. Global Prime’s pricing and execution is currently amongst the best in the world with tight ECN spreads starting from 0.0 pips and fast execution speeds as low as 1ms. no bonuses or deposit promotions, which also stems from being an A-book broker .
To have a clear overview of Vantage FX, let’s start with the trading fees. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He’s eager to help people find the best investment provider for them, simulators of stock market trainer applications and to make the investment sector as transparent as possible. Global Prime is regulated in Australia by Australian Securities and Investments Commission and has a good rating for reliability and security of deposited funds. Bank wire money transfer method is provided for deposit and withdraws of funds. Global Prime provides demo trading account for practice currency trading.
Alerts and notifications are not availableon the Vantage FX mobile platform. Assets are grouped into categories, but we missed the usual search box where you can enter asset names or other keywords manually. However, the platformfeels outdatedand some features are hard to find.
being an A-book only broker , Global Prime doesn’t offer negative balance protection, so trade responsibly. Like, for example, among those 6 Ic Markets has the best spreads in their raw account. If the lots size are small than 0.5 lots these trades are either matched internally with others trades or Global Prime take the couterparty. When small trades are added up and the total size is more than 0.5 lots Global Prime pass all the small trades togheter with a liquidity provider. Because opening a ticket with a liquidity providers is not free and so for small lots size they will be in net negative.
Also, Global Prime enhanced the platform with free add-ons, analytical objects, technical indicators all with no restrictions on algorithmic trading or use of EAs. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. Sammy, whom I talk to often, has an in-depth knowledge of liquidity and trading, and always grateful for his excellent support. I started a live account in October 2020 and have been amazed at GP’s execution quality and transparency. Completely just feels like this broker has your back and your best interests at heart. Global Prime uniquely offeris trade receipts, to proving which liquidity provider filled your trade.
Review details of the license, registration and regulation of this FX broker can be found on the brokers’ website. COPYRIGHTAll textual content on ForexBrokerz.com is copyrighted and protected under intellectual property law. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. ForexBrokerz.com does not claim copyright over the imagery used on the website, including brokers’ logos, stock images and illustrations. All information on ForexBrokerz.com is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.
Global Prime defined its platform as the most popular Forex platform MetaTrader4 as its great trading environment suitable for both professionals and beginners serves a purpose the best. There are 3 execution models available at MT4 together with different versions of a platform suitable for various devices, including App for mobiles.
MT4 has a large range of built in analysis tools including 30+ technical indicators and 23+ analytical objects for chart analysis. The built-in MetaEditor allows users to code their own custom indicators and automated trading strategies in the MQ4 programming https://traderevolution.net/ language. Custom tools can also be purchased or downloaded for free from the MT4 marketplace. These regulations and licenses help to give clients peace of mind that they are using a trusted broker that must abide by strict rules from government organisations.
Global Prime FX accepts deposits in AUD, USD, GBP and EUR (also SGD & CAD via bank wire). Note, all Credit Card transactions incur a 3.25% deposit charge, whilst Bank Wire transfers are generally free unless processed via an Intermediary Bank. Leading Australian forex broker AxiTrader also charges ECN commission of $7 per standard lot , however its spreads are a bit tighter, average ones on the EUR/USD pair amounting to 0.2 pips. Unlike many EU-based brokers, Australian ones are not covered by any compensation scheme.
Global Prime Account Info
If the balance on your account goes into negative, you will be protected. Seeing how Vantage FX is regulated by the Cayman Islands and the Australian authorities, its clients do not enjoy any kind of legally binding investor protection. Yes, it is regulated by the Cayman Islands Monetary Authority for international clients and by the Australian Securities and Investments Commission for Australian clients.