Global Prime Forex is a forex broker. Global Prime Forex offers the MetaTrader 4 and MT Mobile currency trading top platforms. GlobalPrime.com.au offers over 40 currency pairs, shares, and cfds for your personal investment and trading options.
Suite 604, 35 Grafton Street Bondi Junction Sydney, NSW, 2022, Australia
(10+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities
Bank Wire, VISA, MasterCard, BPAY, Neteller, Poli
Bank Wire, VISA, MasterCard, BPAY, Neteller, Poli
Theres no substitute for the peace of mind that comes from knowing that you can rely on your broker at all times. If youve been looking for a broker that truly cares about your trading then youve come to the right place.
We offer over 40 currency pairs, shares, crypto, and cfds for your personal investment and trading options.
Our ability to provide customised liquidity, fantastic execution and friendly support ensures that our clients are always looked after from every angle.
Our ultimate aim is to make each one of our clients feel special and cared for. Nothing makes us happier than exceeding your expectations. Whether its a friendly chat about risk management or a detailed trade investigation we always go the extra mile to ensure our clients receive a personal experience they wont find at any other brokerage.
Let other traders know if this service is worth checking or should be avoided.
fast executions, easy fund & withdraw online. client service is very important so they give you fast feedback.i got peace of mind with this broker & hope ill stay for a long time.
Global Prime Proposed Customer Account Movement To Vanuatu
Hi Jeremy! Is there a problem with Global Prime Live Chat? I have been trying to reach you in the last 72 hours, but to no avail! Kindly check the functionality of the Live Chat tool, as it is practically difficult to connect, presently.
Could you please explain if the above Subject affects all Non-Australian Clients or just a few Countries? If a few Countries, could you please mention the names of affected Countries?
Also, what happens to Clients Funds Custody? Would it also be transferred from Australia to Republic of Vanuatu?
Below is the an extract from the e-mail we received on 18th June, 2019:
As many of you may be aware, Australian brokers recently received notice from ASIC regarding the legality of offering services to clients from offshore jurisdictions.
As a global business with clients from many countries, we are now required to obtain advice from a number of foreign jurisdictions on whether we are authorised to accept clients from these countries.
Because it is not practical to get these advices before the time we are required to report back to ASIC (30 June 2019), we believe it would be prudent to transfer accounts from certain jurisdictions to our associate company, Gleneagle Securities Pty Ltd trading as Global Prime FX, by 28 June 2019.
Your new FX provider, Gleneagle Securities Pty Limited:
Is Registered in the Republic of Vanuatu and is licensed and regulated by the Vanuatu Financial Services Commission
Complies with the registered capital requirements set by the Vanuatu Regulator
Is authorised to deal in foreign exchange (FX)
Is supported by Gleneagle Securities (Aust) Pty Limited, the company that has facilitated your account since it started
Is insured, along with Global Prime Pty Ltd, under Gleneagles Australian Professional Indemnity Policy
Gleneagle Australia is committed to ensuring that your new provider offers the same level of service and security and will continue to support your new provider with:
Ensuring compliance and integrity of the client monies trust deposits in a Tier 1 Australian Bank.
Over the coming months you may be given the option to have your account transferred back to our ASIC license if it transpires that we are entitled to provide financial services to residents of your jurisdiction under our AFSL.
Global Prime has always been supported by Gleneagle Securities (Aust) Pty Limited (its parent company) and has always managed the Prime Broker and liquidity relationships (which are held with Gleneagle Securities (Aust) Pty Limited ) and will continue to do so.
There is no change to you from a servicing or liquidity perspective its still the same team that youve come to know over the years looking after you in the way we do best.
We are extremely proud of our reputation and have always enjoyed working closely with our clients and fostering relationships which has helped to maintain our excellent standing in the forex community.
We will always strive to be more open, more transparent and more connected with our clients to give them the assurance and comfort that the right team is looking after their accounts.
Nothing You can continue trading on your account. If you have any issues with the transfer of your account, please contact us at .au
Thank you for your support and we look forward to our continued journey in FX together.
Thanks for reaching out. Livechat has been working great – havent heard anyone else with issues. You can always email me direct if youd like to get in contact.
ASIC recently came out with guidance that its regulated brokers need to ensure they are legally allowed to accept clients from each jurisdiction their clients come from. Our clients come from 120 different countries around the world. To get the legal advice it costs between USD 5,000 -10,000 per country plus ongoing costs to maintain the advice in each country. There is also a deadline by the end of the month to get back to ASIC that we are legally allowed to accept clients from the countries.
It doesnt affect all countries and we may look to move certain countries back to ASIC license once we are satisfied the advice states we are permitted to do so.
Its still the same people running the show and looking after the liquidity. Client funds are still held in Australia.
They are very honest and very good broker compared to other ones. The trading execution is very good too. GP offers ECN trading accounts. Been using them for almost 3 years now I think. Yoss was my tech support today he opened for me a new trading account and it was done instantly. And regarding funds withdrawal it is done very fast also, it took me less then 3 days.
Global Prime is a serious and efficient broker, low spreads running very fast!
Attentive staff, as well as Levi who helped me very well. I always recommend Global Prime!
Oct 25, 2018 – No RatingGlobal Prime is an excellent broker !!! Low spreads, fast execution. They are honest, deposits and withdrawals without problems.
Reply by jemook submitted Dec 3, 2018Great! Thanks Bruno!
Had an issue with credit card deposit recently and Yoss was able to sort it very quickly and was able to take my trades.
I am trading with them since last August. Huge slippage in the last few month. Very fast withdraw.
Thanks for the feedback. Most of the slippage on your trades is due to your news trading strategy, trying to enter and exit orders over news announcements within the same second.
We do not recommend trading news at Global Prime and never have.
On limit orders such as buy stops, sell stops, take profits, stop losses etc the order will be filled at whatever price is being offered by our LPs. This could mean severe slippage on high impact data announcements where price gaps through a limit order and the next available price is x pips away.
If youd like to continue trading with better results please discontinue your news trading strategy. Thanks again!
Complete Forex Education Course by Pro Banker
Sive Morten – Currency and Gold Market Videos
Jarratt Davis – Trading Markets Like the Banks
Andrew Mitchem – Currency Strength and Weakness
Market Sharks – Exclusive Analysis by Forex Experts
Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.