Overview
Global Prime is a Sydney-based forex and CFD broker that's been running since 2010. It's a good fit for scalpers, EA users and news traders who care most about raw spreads and fast execution, since all three styles are allowed. The Australian business, FMGP Trading Group Pty Ltd, is regulated by ASIC under AFSL 385620, and an offshore arm in Vanuatu is regulated by the VFSC. Which entity you sign up with decides your leverage.
Accounts and costs
There are two live accounts and neither has a minimum deposit. Standard has spreads from 0.9 pips and no commission. Raw starts at 0.0 pips and charges $3.50 per side, so $7 a lot round turn, on FX and metals. Crypto trades cost 0.1%, and there's no commission on oil, other commodities or indices. Trades run from 0.01 to 1,000 lots, the stop-out level is 20%, and you can set leverage anywhere from 1:30 to 1:1000 if your entity allows it. Base currencies are USD, AUD, GBP, EUR, CAD, SGD and JPY.
Platforms and markets
You trade on MT4 or MT5, on desktop, mobile or web. Servers sit in the NY4 data centre in New York, with execution from around 10ms. The range is about 250 CFDs across forex, indices, commodities and crypto, and a free demo is open from the GP Hub.
Money in and out
Global Prime covers deposit fees on its 20+ funding methods, which include Visa, Mastercard, PayPal, Neteller and Skrill. Client money is kept in segregated trust accounts with tier-1 banks such as HSBC. Withdrawals are requested in the GP Hub, and the broker says the median processing time is about two hours.
Good
- No minimum deposit
- Raw spreads from 0.0 pips with $3.50 per side commission
- Scalping, EAs and hedging all allowed
- No deposit fees across 20+ funding methods, including PayPal, Skrill and Neteller
- Client funds held in segregated trust accounts
- Support available 24/7
Watch for
- Licensed only in Australia and Vanuatu
- Range is around 250 CFD markets, with no share CFDs listed
- MT4 and MT5 only, TradingView still listed as coming
Accounts and costs
What each account needs to open and what you pay to trade on it.
| Account | Min deposit | Pricing | Max leverage |
|---|---|---|---|
| Standard | None | Spreads from 0.9 pips, no commission | Adjustable from 1:30 up to 1:1000, depending on the entity you register with |
| Raw | None | Spreads from 0.0 pips plus $3.50 commission per side on FX and metals; 0.1% on crypto; no commission on oil, commodities and indices | Adjustable from 1:30 up to 1:1000, depending on the entity you register with |
Regulation
Which entity holds which licence. Your protection depends on the entity you open an account with.
Platforms and markets
Platforms
Markets
Deposits and withdrawals
- Methods
- Card, PayPal, Skrill, Neteller
- Minimum deposit
- None
What traders say
Scores from the sites traders use, and our summary of what they're saying, checked 6 October 2026.
Global Prime has a small but mostly happy following, with a thinner set of complaints about withdrawals and disputed trades. Broker comparison sites report it at 4.6 on Trustpilot from about 510 reviews as of August 2026; the Trustpilot page itself is not in the material we collected. On Myfxbook it scores 3.8 from 39 reviews. Forex Peace Army has a long-running page with many positive reviews but no score in our material.
What traders like
Transparency. Reviewers on Forex Peace Army often mention the trade receipts Global Prime sends, which few brokers offer.
Responsive support. Many say support replies fast and that staff understand trading, and one says the broker paid compensation after a delayed deposit.
Pricing and execution. Tight spreads, low commissions and fast fills come up repeatedly on Forex Peace Army, Myfxbook and Reddit.
Smooth withdrawals for most. Several long-standing clients say money has come out quickly for years.
Common complaints
Withdrawal delays. Some Reddit and Myfxbook reviewers say withdrawals were slow to process and that the payments team took days to reply. BrokerChooser's summary of public discussion also lists withdrawal and funding delays as the main complaint.
Trades closed and accounts stopped. A few reviewers say the broker closed trades or halted their trading after a quick profit, and dispute the reason given.
Server speed. One Reddit reviewer measured slower server response than at other brokers they use.
The Afterprime split. A 2023 Forex Peace Army thread describes confusion over withdrawals when part of the business became Afterprime. It was marked resolved.
Some Reddit users have also wondered whether the very high share of five-star reviews looks too good to be true. We have no evidence either way.
Recently
July 2026: a Myfxbook and Forex Peace Army reviewer says their hedged trades were closed at a loss and their trading stopped one day after opening an account. No other dated items from the last 90 days.
Where this comes from
Trustpilot: score as quoted by broker comparison sites.
Myfxbook: trader reviews.
Forex Peace Army: trader reviews going back several years.
Reddit search: threads in r/Daytrading, r/Forex and r/Trading.
Verified reviews
Reviews from traders who've connected an account at Global Prime to Chartnaut, so you know they actually traded there. Opening soon.