General information
Of a large number of brokers, Global Prime deserves special attention. It started its activity in 2010, and over the 12 years of its existence, it has accumulated a lot of experience, which it uses to provide customers with a good platform for comfortable work. The place of registration of the broker is Sydney (Australia). The main office of the company is also located there.
Global Prime is attractive because it openly declares all ongoing actions' transparency. This fact is confirmed by the presence of various licenses issued by three well-known regulators. This feature positively affects the number of good reviews and customers' attitudes toward the broker. Global Prime uses the MT4 platform to operate. It is an absolute classic, so 9 out of 10 traders know about the principles of its functioning.
The broker cares about the comfort of its clients. It makes it possible to choose a computer version of the application or download the appropriate software on an iPhone, smartphone, or tablet. In addition, the company devotes much time to improving the quality of customer service. Its support service is not yet perfect, but the situation is gradually improving. To contact the broker, a trader can use the phone, e-mail, social networks, or Live chat. Global Prime allows customers to use only one type of account - ECN. It also has two billing options. Both are very similar to each other. However, the first one does not have a commission for any operations, and the second restricts the minimum spread value (it can be equal to 0).
Features of cooperation
An essential part of the Global Prime broker review is step-by-step instructions on how to work. It includes several preparatory steps and a minimum number of complex actions.
How to work with a broker:
- On the company's website, click the "Start Trading" button. After that, a registration form will open for you, where you need to specify certain information. All registration points are standard, so even a beginner will not have problems at this stage.
- The next step is to select the billing option. Each has its peculiarity, so using one or another account depends solely on the trader's needs.
- Next, you need to go through the mandatory verification procedure. To do this, scan the specified documents and send them for verification. It takes from several minutes to 4-5 hours.
- After completing the above steps, log in to your MT4 platform account. If necessary, register and follow the steps indicated on the screen.
- Link your trading account to Global Prime, and you can start working.
Working with the fair Global Prime broker is a great pleasure every trader should experience. However, to fully experience all the benefits of cooperation, you need to learn about all the nuances of the work.
Important features:
- Trading assets. The broker gives the freedom to choose investments for trading. Traders often use various currency pairs, cryptocurrencies, metals, oil, and stock indices.
- Account replenishment/withdrawal of funds. Global Prime has a minimum deposit rule. Its size is $200, which is not too much compared to other brokers. You can replenish your account in 7 different ways and withdraw the earned money - only 3 (bank transfer, card account, Neteller).
- Interface language. Global Prime has an English website. However, relatively recently, the broker added the ability to change English to Portuguese. It is planned to expand the language settings in the future, but so far, only two options are available to traders.
- Test account. The trader has the opportunity to experience all the pros and cons of working with Global Prime. To do this, it is enough to create a demo account, after which you can start trading with virtual money. This will not bring financial benefits, but it will allow you to try to cooperate with a broker.
- Mobile application. Traders have the opportunity to cooperate with the broker through mobile gadgets. To do this, the company has developed a convenient application that owners of various Android and iOS devices can download for free.
- Training. Unlike most competitors, Global Prime does not have its training materials. Because of this, beginners have to look for relevant content on third-party resources. This causes particular difficulties since almost all lessons describe the features of working with a specific broker.
Global Prime broker is not promoted and is extremely popular with traders. At the same time, it has other positive qualities that distinguish it from competitors. To find out, you need to study a detailed overview of the functioning and work of the company. If you do this, the joint work will become more effective and enjoyable for each party.
Pros/Cons
The quality of a broker's work is measured not by the number of registered users but by the long list of benefits that a trader receives from cooperation with a particular company. In the case of Global Prime, this rule applies. This broker has many positives and few negatives.
| Pros | Cons |
|---|---|
| • reliability | • lack of educational materials |
| • honesty | • the inefficiency of the support service |
| • transparency of all operations | |
| • many types of customer support | |
| • the ability to work from a computer, phone, or tablet | |
| • absence of additional commissions | |
| • availability of a test account | |
| • simple registration | |
| • variety of withdrawal options | |
| • a large selection of trading assets | |
| • profitable affiliate program |