Is Global Prime regulated by a regulator?

Global Prime is Is mt4 foreign exchange trading platform reliablea Forex and Contracts for Difference (CFD) broker founded in 2010 and based in Australia. The company is known for providing transparent, flexible and cost-effective trading solutions and uses the ECN non-dealer desk model to provide bespoke liquidity solutions for retail and institutional traders.

Regulatory Status

• Global Prime is regulated by the Australian Securities and Investments Commission (ASIC), a top tier regulator with stringent client money protection, providing a safe and secure trading environment for Global Prime clients.

• Client Money Protection: Client funds are kept separate from the company's operating funds in a top-tier bank to ensure the safety of the funds.

Trading Platforms

Global Prime supports a variety of trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader, which offer advanced charting tools, EA trading robot support and custom indicators to meet the needs of advanced traders and automated trading strategies.

Account Types

Global Prime offers two main account types: Standard and Primary. Standard accounts have spreads starting from 0.9 pips and do not charge any commissions, while raw accounts have spreads starting from 0.0 pips and trading commissions of $3.50 per lot. Both account types have a minimum trading volume of 0.01 lots and a maximum trading volume of 1,000 lots, and support multiple currencies as account currencies.

Other features

• Diversified trading products: Clients can trade more than 60 currency pairs, as well as CFDs on stocks, indices, metals, energy and other products.

• Low Fees: Global Prime offers low spreads, low commissions, and high leverage options to reduce trading costs.

• Educational Resources: While not as educational as some other brokers, Global Prime still offers basic trading guides and market analysis tools.

Overall, Global Prime is a highly regulated broker that offers a diverse range of trading products and an advanced trading platform that is suitable for traders with different needs. However, investors should consider their specific trading needs and risk tolerance when making a choice.

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