Overall, Global Prime offers a Forex cashback on the Standard and Raw Accounts of up to 22.8% on commissions, depending on the rebate provider, affiliate, or IB. However, traders could earn up to $1.60 on all instruments except Index CFDs, according to Global Prime.
🔎 Global Prime Account | 🥇 Standard Account | 🥈 Raw Account |
📊 Forex | $1.60 per lot cashback or 22.85% commission reduction | $1.60 per lot cashback or 22.85% commission reduction |
💎 Precious Metals | $1.60 per lot cashback or 22.85% commission reduction | $1.60 per lot cashback or 22.85% commission reduction |
💶 Payment Frequency | Payments are made monthly. Real-time reports are offered. Commission reduction is available. | "Payments are made monthly. Real-time reports are offered. Commission reduction is available." |
Global Prime Cashback Rebates – 37 Key Point Quick Overview
- ☑️ Global Prime Rebates Summary
- ☑️ How to Open a Forex Cashback Account with Global Prime (via SAShares)
- ☑️ Understanding Forex Trading Rebates and How They Work with Global Prime
- ☑️ The Benefits of Forex Trading Rebates with Global Prime
- ☑️ Key Factors to Consider When Evaluating Global Prime’s Forex Trading Rebate Program
- ☑️ Number of Traders Participating in Global Prime Cashback Rebates and Real-Life Examples
- ☑️ Successful Traders Benefiting from Global Prime’s Rebates – Global Prime’s Forex Trading Rebates Empowering Retail Traders for Success
- ☑️ Number of Traders participating in Global Prime Cashback Rebates
- ☑️ Detailed Summary of Global Prime
- ☑️ Geolocation of Traders
- ☑️ How to Maximize Your Savings with Forex Trading Rebates at Global Prime
- ☑️ Advantages that Global Prime has over Competitors
- ☑️ Who will Benefit from Trading with Global Prime?
- ☑️ Global Prime Regulation and Safety of Funds
- ☑️ Global Prime Awards and Recognition
- ☑️ Global Prime Account Types and Features
- ☑️ How to open an Account with Global Prime
- ☑️ Global Prime Trading Platforms
- ☑️ Which Markets Can You Trade with Global Prime?
- ☑️ Global Prime Trading and Non-Trading Fees
- ☑️ Calculating Forex Trading Rebates with Global Prime
- ☑️ Global Prime Deposits and Withdrawals
- ☑️ Global Prime Education and Research
- ☑️ How to open an Affiliate Account with Global Prime
- ☑️ Global Prime Customer Support
- ☑️ Legal and Tax Implications – Understanding Forex Trading Rebates with Global Prime
- ☑️ Risks and Limitations of Forex Trading Rebates at Global Prime
- ☑️ Strategies to Maximize Rebates with Global Prime
- ☑️ Global Prime Alternatives
- ☑️ Global Prime VPS Review
- ☑️ Global Prime Web Traffic Report
- ☑️ Global Prime Pros and Cons
- ☑️ Global Prime vs. Other Notable Brokers
- ☑️ Global Prime Customer Reviews
- ☑️ Recommendation for Improving Global Prime Cashback Rebates
- ☑️ Our Verdict on Global Prime
- ☑️ Global Prime Frequently Asked Questions
Global Prime Rebates Summary
- ✅ Global Prime has an overall rating of 4.4 / 5
- ✅ Global Prime has a Real Customer Rating of 4.7 / 5
Global Prime Cashback Forex Conditions
- ✅ Only Forex and Precious Metals can earn rebates.
Global Prime Additional Notes on Cashback Rebates
- ✅ Traders are not limited to their monthly earnings.
- ✅ Global Prime’s rebates are extremely competitive.
Traders who join the affiliate/introducing broker program can expect some of the best marketing resources, dedicated support, and more.
How to Open a Forex Cashback Account with Global Prime (via SAShares)
You can follow these steps to register for a Forex Cashback Account with Global Prime via SAShares.
For New Accounts
If you do not have an existing account with Global Prime, you can easily obtain a cashback rebate in three easy steps.
✅ Step 1: Visit the Global Prime Website
Visit the Global Prime website and click “Open New Account.”
✅ Step 2: Submit a Trading ID
Submit your Trading ID to us: [SAShares]
For Example:
To: [SAShares]
Subject: New Global Prime Rebate Application
“Dear SAShares Team,
Please view my Global Prime Client ID: 12345 (Your Account, Client, or Trading ID] and inform me whether my rebate application has been accepted.”
✅ Step 3: Wait for Approval
Wait for approval, which will be sent within [number of hours]. Once approval is given, you will automatically receive your cashback rebates from the Global Prime system.
For Existing Accounts
If you have an existing Global Prime account, you can get a cashback rebate by following these easy steps.
✅ Step 1: Send an email to Global Prime: [email protected]
Request that the broker transfer the trading account under the following SAShares Affiliate ID: [SAShares]
For Example:
To: [SAShares]
Subject: Account Transfer Request
“Dear Global Prime Partner/Affiliate Team,
I would hereby like to request that my account be transferred to IB/Partner/Affiliate code [SAShares Code]. Furthermore, I would hereby like to request to be assigned under the mentioned IB regardless of whether my account falls under an umbrella or parent IB.”
✅ Step 2: Create an Additional Trading Account
Once you receive confirmation of the transfer from Global Prime, you can create an additional trading account.
✅ Step 3: Contact SAShares
Lastly, you can send your Trading or Client ID to [SAShares].
For Example:
To: [SAShares]
Subject: New Global Prime Rebate Application
“Dear SAShares Team,
Please view my Global Prime Client ID: 12345 (Your Account, Client, or Trading ID] and inform me whether my rebate application has been accepted.”
Understanding Forex Trading Rebates and How They Work with Global Prime
When traders engage in Forex trading, they can earn cashback, known as rebates. This rewards system is calculated based on a percentage of commissions or spreads paid by traders during trade execution through their broker.
Global Prime offers an exceptional rebate program that enables users to recover some of their trading expenses via commission reductions and monthly cash payouts. Here is how it operates.
Types of Accounts Eligible for Rebates
Global Prime has two types of accounts: Standard and Raw. These accounts are eligible for cashback of up to $1.60 per lot or a 22.85% commission reduction.
How to Qualify for Rebates
To qualify for Global Prime rebates, you must first join their affiliate or Introducing Broker (IB) program. Once you have joined the program, you can earn rebates based on your or your client’s trading activities.
Calculating Your Rebates
You can calculate your rebate in two ways:
- ✅ Cashback: You receive a fixed amount of $1.60 for each lot of Forex or precious metals traded.
- ✅ Commission Reduction: Alternatively, you can pay 22.85% less commission on trades.
Payment Frequency and Reporting
Global Prime pays out rebates monthly. Furthermore, the broker provides real-time reports, allowing you to track your earnings and commissions. This ensures transparency and assists you in effectively managing your trading costs.
Steps to Sign Up for Global Prime Rebates
- ✅ Choose whether you want to be an Introducing Broker or an Affiliate.
- ✅ Provide all necessary information, including your personal information and the region from which your clients are coming.
- ✅ Depending on the program, you may be required to submit additional documents or financial licenses.
- ✅ Once approved, you can begin trading and earning rebates or refer clients to do so.
Can I earn rebates on all trading instruments at Global Prime?
No, rebates are not available on all trading instruments, including index CFDs.
How can I track my earned rebates at Global Prime?
Global Prime offers real-time reports to help you keep track of your earned rebates.
The Benefits of Forex Trading Rebates with Global Prime
The Benefits of Forex Trading Rebates with Global Prime include:
- ✅ Global Prime takes pride in offering low trading costs, such as lower spreads, lower commissions, and access to deep interbank liquidity. This can drastically reduce your overall trading costs.
- ✅ Global Prime caters to diverse traders by providing various account options.
- ✅ Every live account holder at Global Prime is assigned a dedicated trading expert for personalized assistance.
- ✅ Global Prime does not restrict trading strategies. They are technical, fundamental, news, and EA-friendly, allowing traders to use various strategies without restriction.
- ✅ Rebates are distributed monthly, ensuring consistent income.
- ✅ There are real-time reports for tracking earnings and commissions are available.
- ✅ There are no hidden fees in the rebate structure, which is clear and straightforward.
- ✅ Traders can select between Introducing Broker and Affiliate programs.
- ✅ Introducing Brokers are typically paid within 24 hours of trade execution.
- ✅ Both Standard and Raw accounts are eligible for rebates.
- ✅ Traders could profit from Global Prime’s 10+ years of experience in the Forex industry.
- ✅ Global Prime provides various financial instruments, including Forex, Indices, Commodities, Cryptocurrency, and others.
and much, MUCH more!
Do Global Prime’s rebates apply to precious metals trading?
Yes, Global Prime’s rebate structure for precious metals is the same as for Forex.
How do Global Prime’s rebates contribute to better trading strategies?
The rebates can be considered a form of risk management, as they allow you to recover some of your trading costs.
Key Factors to Consider When Evaluating Global Prime’s Forex Trading Rebate Program
Evaluating various aspects of Global Prime’s Forex trading rebate program is critical to ensure it aligns with your trading goals and strategies. Here are some important factors to consider:
✅ Type of Rebate and Flexibility in Partnership
Global Prime provides two types of rebates: a fixed cashback per lot traded and a commission reduction. Determine which type is best for your trading volume and frequency. Global Prime allows you to become an Introducing Broker or an Affiliate. Consider which program is best suited to your business model.
✅ Speed of Payments and Eligible Accounts
The timing of rebate payments can differ significantly, particularly between Introducing Brokers and Affiliates. Check that this is in line with your financial goals. Rebates are available for both Standard and Raw accounts through Global Prime. Choose an account type that matches your trading style and the assets you trade.
✅ Payment Frequency, Transparency, and Reporting
Rebates are paid monthly, so consider how this payment schedule fits your cash flow requirements. Global Prime provides real-time reporting so you can keep track of your earnings and commissions. Examine the transparency and usability of their reporting system.
✅ Educational Resources and Additional Benefits
Consider the quality and availability of educational resources provided by Global Prime if you are a beginner or looking to improve your trading skills. Global Prime provides affiliates with marketing resources, a dedicated Client Success Manager, and personalized guidance. Consider how these extra benefits can help you expand your trading business.
✅ Earning Potential and Market Access
There is no earnings cap, so the earning potential is limitless. However, consider whether the rebate rates are competitive enough for your trading volume. Market Access Global Prime gives you access to more than 150 markets. Check to see if their platform covers the markets you are interested in.
✅ Customer Support and Trustworthiness
Customer service is available 24 hours a day, seven days a week, which can be a significant benefit if you trade across time zones or require immediate assistance. Global Prime has been in the Forex industry for over a decade and has built a reputation as a trustworthy broker. Examine reviews and testimonials to determine their credibility.
What is the maximum rebate I can get with Global Prime?
Global Prime’s maximum rebate is $1.60 per lot cashback or a 22.85% commission reduction.
Do I need to be part of Global Prime’s Partner Program to earn rebates?
Yes, to be eligible for rebates, you must join Global Prime’s Partner Program as an Introducing Broker or an Affiliate. Alternatively, traders can sign up for rebates with Global Prime through rebate websites.
Number of Traders Participating in Global Prime Cashback Rebates and Real-Life Examples
Global Prime does not indicate the number of traders participating in its rebates program. However, we can provide some examples of how the program works.
✅ Example 1: Individual Forex Trader
Hasam is a Forex trader who trades 50 lots per month. He chooses the $1.60 cashback rebate per lot. Hasam would receive $80 in cashback at the end of the month (50 lots x $1.60).
✅ Example 2: Precious Metals Investor
Dorothy works as a precious metals investor. She trades 30 lots of gold and silver monthly and opts for the 22.85% commission cut. If her monthly commission is $200, she will receive a rebate of $45.70 (22.85% of $200).
✅ Example 3: Introducing Broker
Craig runs a Forex education website and is now an Introducing Broker with Global Prime. He refers ten clients who trade a total of 200 lots per month. If Craig chooses the $1.60 per lot cashback, he will earn $320 in monthly rebates (200 lots x $1.60).
✅ Example 4: Affiliate Marketer
Amelia is a financial blogger who has signed up for the Affiliate program. She receives a CPA commission for each client she refers. If she refers five clients in a month and earns $100 per referral, her monthly rebate will be $500.
Successful Traders Benefiting from Global Prime’s Rebates – Global Prime’s Forex Trading Rebates Empowering Retail Traders for Success
- ✅ The option to join as an Introducing Broker or Affiliate opens additional earning opportunities, particularly for those with a network to refer.
- ✅ The long-standing reputation of Global Prime in the industry gives traders confidence that they are partnering with a trustworthy broker, enhancing their peace of mind.
- ✅ With no earnings cap, traders and partners can scale their trading activities while knowing that their rebates will scale with them.
- ✅ Real-time reporting enables traders to closely monitor their rebate earnings and commissions, giving them greater financial control.
- ✅ The rebate program significantly reduces trading costs, allowing traders to keep more profits. This is particularly advantageous for high-volume traders.
- ✅ Traders can effectively increase their net profitability by receiving a portion of their trading costs back, making each trade more profitable than it would be otherwise.
- ✅ The monthly payments provide traders with extra cash flow, which they can reinvest to gain more trading opportunities.
- ✅ Global Prime provides traders with various educational materials to help them improve their trading skills and increase their chances of success.
- ✅ Customer service is available 24 hours a day, seven days a week, allowing traders to focus on trading rather than administrative concerns.
- ✅ With access to over 150 markets, traders can diversify their portfolios, lowering risk and increasing potential returns.
Number of Traders participating in Global Prime Cashback Rebates
Global Prime serves thousands of traders worldwide but does not disclose the number of clients participating in its rebates program.
Detailed Summary of Global Prime
🔎 Headquartered | Australia |
🌎 Global Offices | Vanuatu, Australia |
📌 Year Founded | 2010 |
📍 Regulation | ASIC, VFSC |
🚩 Regional Restrictions | The United States |
☪️ Islamic Account | None |
🆓 Demo Account | ✅ Yes |
⏰ Non-expiring Demo | ✅ Yes |
🕰️ Demo Duration | Unlimited |
🔟 Retail Investor Accounts | 2 |
📈 PAMM Accounts | None |
📉 Liquidity Providers | ECN PrimeXM, FlexTrade, and BNP Paribas |
📊 Affiliate Program | ✅ Yes |
➡️ Order Execution | Market |
↪️ OCO Orders | None |
🫰🏻 One-Click Trading | ✅ Yes |
🅰️ Scalping Allowed | ✅ Yes |
🅱️ Hedging Allowed | ✅ Yes |
📰 News Trading Allowed | ✅ Yes |
💻 Expert Advisors (EAs) Allowed | ✅ Yes |
🖥️ Trading API | ✅ Yes |
💴 Cashback Forex Calculator offered | None |
💵 Cashback Forex Lot Size Calculator | None |
💶 Cashback Forex Compounding Calculator | None |
📌 Starting spread | 0.0 pips |
📍 Minimum Commission per Trade | $3.5 per side, $7 per lot |
💹 Decimal Pricing | Fifth decimal after the comma |
▶️ Margin Call | 120% |
⛔ Stop-Out | 100% |
⬇️ Minimum Trade Size | 0.01 lots |
⬆️ Maximum Trade Size | 1,000 lots |
🪙 Crypto trading offered | ✅ Yes |
📈 Leverage Restrictions | Yes, Retail accounts are capped at 1:30 |
💴 Minimum Deposit (USD) | $1 (Depends on Deposit Method) |
⏰ Minimum Withdrawal Time | Instant |
🕰️ Maximum Estimated Withdrawal Time | 3 – 5 working days |
💳 Instant Deposits and Instant Withdrawals | ✅ Yes |
🔁 Segregated Accounts | ✅ Yes |
📉 Trading Platform Time | GMT +2 |
📊 Observe DST Change | ✅ Yes |
➡️ DST Change Time zone | GMT +3 |
↪️ Languages supported on the website | English |
📌 Customer Support Languages | Multilingual |
📍 Copy Trading Support | ✅ Yes |
⏰ Customer Service Hours | 24/7 |
🎁 Bonuses and Promotions | None |
🖍️ Education for beginners | ✅ Yes |
💻 Proprietary trading software | None |
🖥️ Is Global Prime a safe broker for traders | ✅ Yes |
🔟 Rating for Global Prime | 8/10 |
💯 Trust score for Global Prime | 91% |
Geolocation of Traders
Most of Global Prime’s market share is concentrated in these areas:
- ✅ Canada – 27.22%
- ✅ United Kingdom – 9.22%
- ✅ Nigeria – 6.87%
- ✅ Panama – 5.81%
- ✅ Australia – 5.79%
Global Prime Current Expansion Focus
- ✅ Global Prime is focused on expanding across Europe and Australia.
Countries not accepted by Global Prime
- ❎ Global Prime does not serve clients from the United States and might restrict traders from other areas.
Popularity among traders who choose Global Prime
Global Prime is well-regulated and falls within the world’s top 1,000 CFD and Forex Brokers.
How to Maximize Your Savings with Forex Trading Rebates at Global Prime
- ✅ Consider joining Global Prime’s Introducing Broker or Affiliate programs for additional earnings if you have a network you can refer.
- ✅ Use Global Prime’s educational materials to help you improve your trading strategies, allowing you to trade more efficiently and earn more rebates.
- ✅ If you have any questions or need clarification on the rebate program, please contact Global Prime’s 24/7 customer service.
- ✅ Consider your trading volume and frequency to determine whether you want a fixed cashback per lot or a commission reduction.
- ✅ Global Prime provides discounts on both Standard and Raw accounts. Select the one that corresponds to your trading assets and strategies.
- ✅ Using Global Prime’s real-time reporting feature, you can keep track of your trading activities and rebate earnings.
- ✅ Reinvest your monthly rebate payments in trading to increase your trading volume and potential rebates.
Can I use Global Prime’s rebates to offset trading costs?
Yes, you can use the rebates you earn at Global Prime to offset trading costs, effectively lowering your overall trading expenses.
Is it possible to reinvest my earned rebates into trading at Global Prime?
While the terms vary, you can reinvest your earned rebates into your Global Prime trading account.
Advantages that Global Prime has over Competitors
Global Prime has the following advantages over its competitors:
- ✅ One of the primary advantages of Global Prime is its exceptional customer service. Their support team is known for their prompt, friendly, and effective responses to client inquiries, contributing to an overall positive customer experience.
- ✅ Another advantage of Global Prime is its low commission fees and commendable spread rates. This translates to more savings and better returns for their clients.
- ✅ Transaction Processing: Global Prime prides itself on the speed and efficiency of its transaction processing. Deposits and withdrawals are processed quickly. In addition, Global Prime’s trade execution processes are flawless, minimizing the risk of slippage and other trade execution issues.
- ✅ Global Prime offers various trading instruments, allowing clients to trade in different markets and instruments.
- ✅ A demo account is available for clients who wish to test the platform before committing to live trading.
- ✅ Algorithmic trading is facilitated using advisers and copies trading, providing clients access to cutting-edge trading technology and strategies.
- ✅ Global Prime offers affiliate programs, allowing clients to earn additional income through referrals.
Global Prime offers its clients a platform for real-time interaction with the founders and other traders, a rare opportunity for clients to experience transparency first-hand. In addition, their supportive community atmosphere, as seen in their Discord chat room, fosters a sense of camaraderie and mutual assistance among clients and the brokerage itself.
Who will Benefit from Trading with Global Prime?
Global Prime is an online trading brokerage firm catering to retail and institutional traders seeking transparent, flexible, and cost-effective solutions. Furthermore, Global Prime’s ECN non-dealing desk (NDD) brokerage model enables them to offer the most favorable prices to clients.
With robust technology at their disposal, Global Prime provides customized liquidity solutions sourced from tier 1 and regional banks, non-banks, and ECN liquidity providers to meet the unique trading needs of retail and institutional traders.
Furthermore, Global Prime caters to beginner traders. It offers a wide range of educational resources, including tutorials, guides, and market insights.
Global Prime Regulation and Safety of Funds
Global Prime Global Regulations
🔎 Registered Entity | 🌎 Country of Registration | 📌 Registration Number | 📍 Regulatory Entity | 📈 Tier | 🚩 License Number/Ref |
🅰️ Global Prime Pty Ltd | Australia | ABN 74 146 086 017 | ASIC | 1 | AFSL 364411 |
🅱️ Global Prime FX | Vanuatu | n/a | VFSC | 3 | 40256 |
How Global Prime Protects Traders and Client Funds
🔎 Security Measure | ℹ️ Information |
🔒 Segregated Accounts | ✅ Yes |
🔏 Compensation Fund Member | None |
🔐 Compensation Amount | n/a |
🔓 SSL Certificate | ✅ Yes |
🔒 2FA (Where Applicable) | None |
🔏 Privacy Policy in Place | ✅ Yes |
🔐 Risk Warning Provided | ✅ Yes |
🔓 Negative Balance Protection | ✅ Yes |
🔒 Guaranteed Stop-Loss Orders | None |
At Global Prime, priority is given to ensuring the security and protection of clients’ assets and personal data. The broker operates according to stringent regulatory guidelines conforming to global financial safety standards.
Funds belonging to customers are held in accounts segregated from those used for operational purposes by the company so as not to be misused or mixed up. In addition, the transmission of information is secured through advanced encryption technologies, while account security can be enhanced further using two-factor authentication measures if desired.
Clients also have access to risk management tools such as stop-loss and take-profit features, which help minimize risks while trading, alongside periodic audits conducted by well-known third-party organizations designed to maintain compliance transparency.
Customers enjoy a variety of secure payment alternatives along with 24/7 professional customer support dedicated entirely to addressing any questions regarding their system’s overall security protocols.
Furthermore, adhering closely to comprehensive privacy policies indicates detailed attention pegged toward protecting client records while participating in compensation schemes available within certain jurisdictions, offering an extra layer of safeguard surrounding user funds.
How does Global Prime ensure the safety of client funds?
Client funds are kept separate from Global Prime’s own funds and are managed per client money laws.
Does Global Prime offer negative balance protection?
Yes, Global Prime provides negative balance protection to keep customers from owing more money than they have in their accounts.
Global Prime Awards and Recognition
According to Global Prime’s website, the company has been recognized for the following honors in recent years as a broker:
- ✅ Best Forex Broker Australia – 2020 Global Brands Magazine Awards.
- ✅ Best Value Forex Broker – 2019 UK Forex Awards.
- ✅ Best Forex ECN Broker – 2018 Forex Broker Awards.
- ✅ Best Forex Trading Experience – 2018 UK Forex Awards.
- ✅ Best Forex Broker Australia – 2018 Compare Forex Brokers Australia Awards.
- ✅ Best Execution Broker – 2017 AtoZ Forex Awards.
- ✅ Best Customer Support – 2017 Finance Magnates Awards.
- ✅ Best Forex Broker Australia – 2017 International Finance Awards.
Finally, Globe Prime was awarded Best New Forex Broker – 2016 Finance Magnates Awards.
Global Prime Account Types and Features
🔎 Live Account | 💴 Minimum Dep. | 📊 Average Spread | 💵 Commissions | 💶 Average Trading Cost |
🥇 Standard | $1 | 0.9 pips | None | 9 USD |
🥈 Raw | $1 | 0.0 pips | $3.5 per side | 7 USD |
Globe Prime Standard Account
The Standard Account is intended for traders who prefer a simple trading experience. This account type has a more traditional cost structure, with wider spreads but no additional trade commissions. It is ideal for traders who trade infrequently but want to avoid paying commissions.
In addition, the Standard Account is also eligible for the Global Prime rebate program, which allows traders to earn up to $1.60 per lot cashback or a 22.85% commission reduction.
💴 Minimum Deposit | It depends on the payment method, but from $1 |
💵 Base Account Currency | USD, AUD, GBP, EUR, CAD, SGD, JPY |
📈 Minimum Spread | 0.9 pips EUR/USD |
📉 Commission Fees | None, only the spread is charged |
📊 Minimum Trade Size | 0.01 lots (Micro-lot) |
➡️ Maximum trade Size | 1,000 lots |
↪️ Maximum Leverage | 1:30 on retail |
📌 Margin | 120% |
📍 Stop-out Level | 100% |
🅰️ Scalping Allowed | ✅ Yes |
🅱️ Hedging Allowed | ✅ Yes |
🚩 Expert Advisors Allowed | ✅ Yes |
Globe Prime Raw Account
The Raw Account is designed for more active traders who prefer a commission-based cost structure. Traders can access this account’s raw spreads that are as low as possible, but a commission is charged per trade.
This setup is frequently preferred by high-volume traders and scalpers seeking the tightest spreads. Like the Standard Account, the Raw Account is eligible for Global Prime’s rebate program, which offers the same cashback and commission reduction options.
💴 Minimum Deposit | It depends on the payment method, but from $1 |
💵 Base Account Currency | USD, AUD, GBP, EUR, CAD, SGD, JPY |
📈 Minimum Spread | 0.0 pips EUR/USD |
📉 Commission Fees | $3.5 per side, $7 per lot |
📊 Minimum Trade Size | 0.01 lots (Micro-lot) |
🅰️ Maximum trade Size | 1,000 lots |
🅱️ Maximum Leverage | 1:30 on retail |
📌 Margin | 120% |
⛔ Stop-out Level | 100% |
📍 Scalping Allowed | ✅ Yes |
🚩 Hedging Allowed | ✅ Yes |
▶️ Expert Advisors Allowed | ✅ Yes |
Global Prime Demo Account
Global Prime provides a demo account that allows traders to practice trading with virtual funds in a risk-free environment. The demo account attempts to replicate the activity of ‘real’ trading as closely as possible so that traders can get a sense of how various items and financial markets work without risking any money.
This allows traders to explore and experiment safely, and it is a great way to learn how to place orders, set up various types of technical analysis charts, and learn about the various contract sizes, margins used based on leverage, and other factors.
The demo account is accessible through the same platforms as the live account, such as MetaTrader 4, cTrader, and Trading View.
The demo account includes advanced charting, analysis tools, and a trading specialist. With Global Prime’s 24/7 customer support, traders can get immediate answers to their frequently asked questions about Forex and CFD trading.
Traders must follow a simple step-by-step guide to open a demo account with Global Prime. They must navigate to the demo page, complete the registration form, choose demo, and create a new account.
After creating an account, traders can begin exploring the benefits of the trading platform and gaining their first trading experience in the Forex market.
Global Prime Professional Account
Global Prime Professional Account Features
- ✅ Global Prime’s Professional trading account caters to sophisticated traders who require higher leverage. This account type provides access to flexible leverage, advanced trading tools, and features.
Global Prime Professional Account Advantages
Furthermore, opening a Global Prime Pro Account is straightforward, with an easy online application that allows clients to start trading in no time. The Global Prime Pro Account has the following advantages for users:
- ✅ A Global Prime Pro Account offers increased leverage (~1:100), which enables traders to take larger positions and potentially increase their returns.
- ✅ Pro Account holders gain prompt access to new trading products and services before releasing them to retail clients.
- ✅ Traders with Pro Accounts are eligible for trading rebates based on their trading volume and referrals.
- ✅ Pro Account holders receive priority access to Global Prime’s teams by skipping the support queue.
Global Prime Pro Account holders benefit from a dedicated account manager who will assist them with any questions or concerns. In addition, the account manager works closely with traders to understand their trading goals and help them achieve them.
Difference between Retail and Pro Accounts
🔎 Instruments | 🅰️ Retail Account Max. Leverage | 🅱️ Pro Account Max. Leverage |
💴 Forex Major Pairs | 1:30 | 1:100 |
💵 Forex Minor Pairs | 1:20 | 1:100 |
📈 Major Indices | 1:20 | 1:100 |
🪙 Gold | 1:20 | 1:100 |
🍎 Commodities | 1:10 | 1:100 |
📉 Minor Indices | 1:10 | 1:100 |
📊 Shares | 1:5 | 1:20 |
↪️ Bonds | 1:5 | 1:100 |
✅ Cryptocurrencies | 1:1 | 1:1 |
Global Prime Professional Account Pro Account Qualifying Criteria
Traders must meet one of the following eligibility criteria to qualify for the Global Prime Pro Account:
- ✅ Sophisticated Investor Test
- ✅ Criteria 1 – Traders must complete the Sophisticated Investor knowledge test.
- ✅ Criteria 2 – Traders must demonstrate significant trading volumes of Forex and CFDs at least 20 times per quarter for the past 4 quarters over 2 years, worth 50,000 AUD or more.
- ✅ Alternatively, traders must have work experience in the financial sector for at least one year in a professional role requiring extensive Forex and CFD knowledge.
- ✅ Wealth Test
- ✅ Traders must have minimum net assets of 25 million AUD or more.
- ✅ Alternatively, traders must have received a minimum gross income of 250,000 AUD for the past two years.
Global Prime Islamic Account
Global Prime provides an Islamic account for traders who adhere to Islamic finance principles. The Islamic account is intended to adhere to Sharia law, which forbids charging or paying interest.
The Islamic account, on the other hand, is a commission-based system in which traders pay a fixed commission on each trade. This account is also known as a swap-free account because it does not charge or pay swap fees, which are interest charges applied to overnight positions.
All traders who meet the eligibility requirements can open an Islamic account. To open an Islamic account, traders must first open a standard account and then request to switch to an Islamic account.
The account uses the same trading platforms as the standard accounts, including MetaTrader 4 and other platforms as they become available from Global Prime (MetaTrader 5, cTrader, and Trading View).
How to open an Account with Global Prime
To register a live trading account with Global Prime, you can follow these steps:
- ✅ To begin the account opening process, go to the homepage and select “Ready to Start.”
- ✅ Fill out the registration form with your personal information, including your name, email address, and phone number. Select the type of account you want to open, whether a Standard Account or a Pro Account.
- ✅ After completing the registration process, you will receive an email confirming your account. To verify your account, follow the instructions in the email.
- ✅ After successfully verifying your account, you can proceed to fund it. The required minimum deposit is 1 USD. Global Prime accepts bank transfers, credit/debit cards, and e-wallets as payment methods.
Once your account is approved and funded, you can start trading on the Global Prime platform.
What are the features of Global Prime’s Raw Account?
The Raw Account at Global Prime has tighter spreads and is better suited for scalping and high-frequency trading.
Do Global Prime’s accounts offer leverage?
Yes, both Standard and Raw Accounts have leverage options with Global Prime.
Global Prime Trading Platforms
Global Prime offers traders a choice between these trading platforms:
- ✅ MetaTrader 4
Global Prime MetaTrader 4
Global Prime provides MetaTrader 4 (MT4), one of the most popular trading platforms in the Forex industry, but with a distinct set of features and trading conditions.
The platform is completely integrated with Global Prime’s trading environment, giving traders access to raw spreads and lightning-fast execution speeds. Global Prime’s MT4 platform also includes advanced charting tools and technical indicators, allowing traders to conduct in-depth market analysis.
The seamless integration with Global Prime’s rebate program is one of the standout features. Traders can easily track their rebate earnings in real-time via the MT4 interface, providing transparency frequently lacking in other platforms.
Furthermore, Global Prime’s MT4 platform enables traders to trade various instruments, including Forex and precious metals, from a single interface.
The platform also supports Expert Advisors (EAs), allowing for automated trading strategies that can be tailored to the unique trading conditions provided by Global Prime, such as low spreads and commission structures.
Furthermore, Global Prime’s MT4 platform includes robust risk management features such as various order types such as stop-loss and take-profit, which are critical for mitigating trading risks.
The platform is available in various versions, including desktop, web-based, and mobile applications, allowing traders to trade on the go.
Global Prime’s MT4 provides a comprehensive and tailored trading experience that goes beyond the standard features commonly found in other MT4 platforms, with 24/7 customer support and a wealth of educational resources accessible directly through the platform.
Is MetaTrader 4 at Global Prime compatible with automated trading strategies?
Yes, Expert Advisors are supported by MetaTrader 4 at Global Prime.
Does Global Prime’s trading platform offer real-time reporting?
Yes, the Global Prime MetaTrader 4 platform includes real-time reporting capabilities.
Which Markets Can You Trade with Global Prime?
Traders can expect the following range of markets from Global Prime:
- ✅ Forex
- ✅ Crypto CFDs
- ✅ Indices
- ✅ Commodities
- ✅ Shares
- ✅ Bonds CFDs
Financial Instruments and Leverage offered by Global Prime
🔎 Instrument | 🅰️ Number of Assets Offered | 🅱️ Max Leverage Offered |
📈 Forex | 49 | Retail – 1:30 Pro – 1:100 |
🪙 Crypto CFDs | 5 | Retail – 1:1 Pro – 1:1 |
📉 Indices | 20 | Retail – 1:20 – 1:10 Pro – 1:100 |
🍎 Commodities | 23 | Retail – 1:10 Pro – 1:100 |
📊 Shares | 101 | Retail – 1:5 Pro – 1:20 |
📌 Bonds CFDs | 7 | Retail – 1:5 Pro – 1:100 |
Can I trade commodities with Global Prime?
Yes, Global Prime trades commodities such as oil and natural gas.
Can I engage in scalping and high-frequency trading with Global Prime?
Yes, the Raw Account at Global Prime is better suited for scalping and high-frequency trading.
Is leverage available for precious metals trading at Global Prime?
Yes, leverage is available at Global Prime for precious metals trading, but the terms may vary.
Does Global Prime offer micro-lots in forex trading?
Yes, Global Prime allows you to trade micro-lots in Forex.
Global Prime Trading and Non-Trading Fees
Global Prime Spreads
Global Prime charges variable spreads according to the trading account, financial instrument, and market conditions on the trading day. For example, the Standard Account typically has a spread from 0.9 pips EUR/USD, while the Raw Account features a zero-pip spread.
Apart from EUR/USD, traders can expect some of the following typical spreads:
💴 XAU/USD | 0.9 pips |
💵 XAG/USD | 1.6 pips |
💶 VIX 75 | 7.9 pips |
💷 NAS100 | 0.7 pips |
💴 UST05Y | 1.3 pips |
Global Prime Commissions
Global Prime does not charge any spreads on the Standard Account. Instead, traders only pay the spread according to the financial instrument they trade. In contrast, the Raw Account faces the following commission fees:
💴 AUD | $7 per round turn |
💵 USD | $7 per round turn |
💶 EUR | €6.2 |
💷 GBP | £5.4 |
💴 SGD | SG$9.5 |
💵 CAD | CA$9 |
💶 JPY | ¥495.00 |
Global Prime Overnight Fees, Rollovers, or Swaps
Global Prime defines a swap as the interest paid or received for holding a position over rollover/end of the day. For currency pairs, interest is paid on the currency sold and received on the currency bought.
Furthermore, Global Prime receives swap charges daily from the financial institutions they work with. These charges are calculated based on the expenses Global Prime incurs to roll positions in the market.
Furthermore, traders must note that swap charges are measured on a standard size of 1.0 lots. In addition, traders must note that Wednesday is a triple swap day for forex pairs. This is due to the markets being closed on Saturday and Sunday.
Traders can expect some of the following Swap Fees:
🔎 Instrument | ➡️ Short (Sell) Swap | ↪️ Long (Buy) Swap |
💰 EUR/USD | 1.66 pips | -2.72 pips |
🪙 GBP/USD | 1.83 pips | -3.59 pips |
💴 EUR/AUD | 1.44 pips | -6.57 pips |
💵 EUR/ZAR | 71.46 pips | -398.11 pips |
💶 XCU/USD | -0.21 pips | -0.52 pips |
💷 SOYBEAN | -0.29 pips | 0.02 pips |
💸 NAS100 | 0.61 pips | -2.91 pips |
💳 SA40 | 7.25 pips | -25.92 pips |
💰 Crypto CFDs | -15.00 pips | -15.00 pips |
Global Prime Currency Conversion Fees
Global Prime might charge currency conversion fees when traders deposit or withdraw in currencies other than the base currency of their trading account.
Does Global Prime charge a fee for depositing funds?
No, Global Prime does not typically charge fees for deposits into your trading account.
Are there any fees for using trading platforms at Global Prime?
No additional fees exist for using Global Prime’s MetaTrader 4 trading platform.
Calculating Forex Trading Rebates with Global Prime
Calculating Global Prime Forex trading rebates requires understanding the broker’s rebate program, which offers cashback per lot traded and commission reduction.
The broker offers $1.60 per lot cashback or a 22.85% commission reduction on Standard and Raw accounts. These rebates depend on trading volume and financial instruments like Forex or precious metals.
For cashback per lot traders, the calculation is simple. Forex traders receive $1.60 cashback per lot. You would receive $16.00 ($1.60 x 10) in cashback for trading 10 lots.
Commission reduction calculations are based on the percentage reduction of the commission you normally pay. A 22.85% commission reduction would cost $5.40 per lot if the standard commission is $7. It would save $1.60 per lot, matching the cashback option.
These rebates are paid monthly, and Global Prime offers real-time reporting to track your rebate earnings. Active traders who want to track their trading costs and savings will find this useful.
If you are an Introducing Broker or affiliate, your rebate may depend on your business size. Referrals with higher trading volumes may receive higher rebates.
Do rebates at Global Prime vary by trading instrument?
Yes, rebates at Global Prime differ depending on the trading instrument; index CFDs, for example, are not eligible for rebates.
Do I need to claim my rebates at Global Prime manually?
No, rebates are automatically credited to your account at Global Prime based on your trading activity.
Global Prime Deposits and Withdrawals
Forex rebates at Global Prime are easy to claim and withdraw. Monthly rebates are credited to your trading account by the broker.
Global Prime’s real-time reporting lets you track rebate earnings on the trading platform. Rebates can be withdrawn via wire transfer, credit/debit cards, or e-wallets, just like funds.
It is important to check rebate withdrawal terms and conditions because some methods have minimum withdrawal limits or fees.
Global Prime Deposits
Global Prime offers the following deposit methods:
- ✅ Credit/Debit Cards
- ✅ PayPal
- ✅ Neteller
- ✅ Skrill
- ✅ GATE8
- ✅ DragonPay
- ✅ VNPay
- ✅ FasaPay
- ✅ QR Code (THB)
and many more.
Global Prime Withdrawals
Global Prime offers the following withdrawal methods:
- ✅ Credit/Debit Card
- ✅ Local Bank Transfer
- ✅ Bank Wire Transfer
- ✅ Neteller
- ✅ Skrill
- ✅ PayPal
- ✅ AstroPay
and many more.
How to Deposit Funds with Global Prime
To deposit funds to an account with Global Prime, traders can follow these steps:
- ✅ Global Prime account deposits are simple and secure.
- ✅ The broker accepts wire transfers, credit/debit cards, Skrill, and Neteller.
- ✅ Log in to Global Prime, go to ‘Deposits,’ and follow the instructions to deposit funds.
- ✅ Select your deposit method, enter the amount, and complete any authentication steps.
After the transaction is confirmed, you can start trading, and the funds are credited to your trading account.
Global Prime Fund Withdrawal Process
To withdraw funds from an account with Global Prime, traders can follow these steps:
- ✅ Global Prime makes withdrawing funds and rebates easy.
- ✅ Log in to your account and go to ‘Withdrawals’ to withdraw.
- ✅ Choose your preferred withdrawal method and enter the amount here.
- ✅ Rebates are typically available for withdrawal after the monthly cycle.
- ✅ Global Prime will process your withdrawal request and transfer funds to your withdrawal method.
Funds may appear in your account depending on the withdrawal method and processing time.
Can I transfer my earned rebates to another Global Prime account?
No, rebates earned in one Global Prime account cannot be transferred to another.
Do I need to meet any criteria to withdraw my rebates from Global Prime?
Yes, to withdraw your rebates from Global Prime, you may be required to meet certain terms and conditions, such as a minimum withdrawal amount.
Global Prime Education and Research
Global Prime Education
Global Prime offers the following Educational Materials:
- ✅ Forex for Beginners
- ✅ Forex Traders’ Biases
- ✅ Forex Faux Pas
- ✅ Trading Strategies
- ✅ Trading Plan
- ✅ Trading Candlesticks
- ✅ Trading A – Z
- ✅ Trading Costs
- ✅ Individual Traders
and much more.
Global Prime Research
Global Prime offers traders the following Research and Trading Tools:
- ✅ Economic Calendar
- ✅ AutoChartist
- ✅ Myfxbook AutoTrade
- ✅ Trading Calculators
- ✅ VPS
and much more.
How to open an Affiliate Account with Global Prime
To register an Affiliate Account with Global Prime, traders can follow these steps:
- ✅ Visit the Global Prime website and click the “Partners” tab in the top menu.
- ✅ Click on “Become an Affiliate” and fill out the online application form with your personal information, including name, email address, and phone number.
- ✅ Provide information about your website or social media accounts and your marketing plan for promoting Global Prime.
- ✅ Agree to the Affiliate Terms and Conditions and submit your application.
- ✅ Once your application is approved, you will receive access to the Global Prime Affiliate Portal.
- ✅ In the Affiliate Portal, you will have access to various marketing materials, including banners, text links, and landing pages, that you can use to promote Global Prime.
You will also have access to real-time tracking and reporting tools to monitor your performance and earnings as an affiliate.
Global Prime Affiliate Program Features
Global Prime, a leading online Forex and CFD broker, strives to expand its reach and offer high-quality trading services to a broader audience. To achieve this goal, the company has developed a partnership program that enables introducing brokers or affiliates to provide their clients with exceptional trading conditions and earn generous commissions.
Joining the Global Prime partnership program provides clients with round-the-clock support, a personal performance tracker, a wide range of educational resources, and excellent trading conditions.
Global Prime Partners/Introducing Brokers
- ✅ The Global Prime partnership program is designed for businesses and individuals in the forex trading industry, including trading education programs, blog writers, and trading websites.
- ✅ The program offers generous commissions based on the trading activity of referrals and ultra-competitive rebates.
- ✅ Partners have the potential for unlimited earnings capacity and are assigned a dedicated Global Prime Client Success Manager.
- ✅ Marketing resources are available to assist partners in promoting Global Prime to their clients.
Partners have access to their own IB analytics and partner statistics, which provide insight into the performance of their referrals and the effectiveness of their marketing efforts.
Global Prime Affiliates
- ✅ The Global Prime partnership program is designed for affiliate networks, financial influencers, newsletter publishers, media buyers, and similar entities.
- ✅ The program offers an ultra-competitive commission structure based on a CPA (cost per action) basis.
- ✅ Partners have the potential for unlimited earnings capacity, with no cap on the number of clients they can refer.
- ✅ Partners have client analytics and tracking tools to monitor their referral activity.
- ✅ Marketing resources are available to assist partners in promoting Global Prime to their audience.
- ✅ Partners receive personalized acquisition guidance to optimize their marketing efforts.
The partnership area is available 24/7 for self-service, allowing partners to track their earnings and referral activity anytime.
Global Prime Customer Support
Global Prime provides customer support services to assist clients with any questions, concerns, or issues they may encounter. Here are the critical points about Global Prime’s customer support:
- ✅ Customer support is available 24/5 via live chat, email, and phone.
- ✅ The company’s highly responsive support team aims to address client inquiries promptly.
- ✅ In addition to traditional support channels, Global Prime offers support through its social media accounts, such as Facebook and Twitter.
- ✅ The Global Prime website features a comprehensive FAQ section that addresses common questions about account opening, funding, and trading.
- ✅ Clients can also access educational materials and trading resources through the Global Prime website, including webinars, video tutorials, and market analysis reports.
Global Prime’s customer support team is well-trained and knowledgeable, focusing on providing personalized and professional service to each client.
Is Global Prime’s customer support available 24/7?
Yes, Global Prime’s customer service is available 24 hours a day, seven days a week, to assist traders with their inquiries.
How can I reach Global Prime’s customer support for urgent issues?
You can contact Global Prime’s customer service via live chat or phone for urgent issues.
Legal and Tax Implications – Understanding Forex Trading Rebates with Global Prime
Understanding the legal and tax implications of Global Prime Forex trading rebates requires knowing they are considered income. They are taxed differently depending on your jurisdiction. Traders must report this income on their taxes. Reporting errors may result in legal action.
Some jurisdictions treat trading rebates as a discount on trading costs rather than income, which may affect taxation. Consult a tax advisor or lawyer to understand how local tax laws classify these rebates and your reporting obligations.
Legally, Global Prime follows strict regulations to ensure compliance and security. However, traders should read rebate program terms and conditions carefully. This will reveal any rebate eligibility requirements. Some trades or instruments may not qualify for rebates, and these funds may have withdrawal restrictions.
Different legal conditions may apply if you are an Introducing Broker or affiliate, especially regarding your relationship with Global Prime and your referrals. To understand your role and pay, read contracts carefully.
Do I need to report my earned rebates to regulatory authorities when trading with Global Prime?
Yes, you must. While Global Prime meets regulatory reporting requirements, you may have additional reporting requirements.
Does Global Prime comply with anti-money laundering laws in relation to forex trading rebates?
Yes, Global Prime complies with anti-money laundering laws and has anti-illegal activity protocols.
Risks and Limitations of Forex Trading Rebates at Global Prime
Risks
- ✅ Rebates may tempt traders to trade more often. Traders may face higher risks and losses.
- ✅ The rebate program is beneficial, but novice traders may find it confusing. This may confuse rebate amounts.
- ✅ Rebates are usually taxed as income. Without reporting this income, you could face legal consequences.
- ✅ Some trading activities or financial instruments may not qualify for rebates, limiting the trader’s rebates.
Limitations
- ✅ Global Prime rebates are paid monthly. This may limit traders who prefer frequent pay-outs.
- ✅ Rebates may have minimum trading volume requirements, hindering traders with lower volumes.
- ✅ Global Prime makes rebate withdrawals easy, but some withdrawal methods may incur fees.
- ✅ Regulatory restrictions may prevent traders from participating in the rebate program.
- ✅ Not all trading instruments qualify for rebates. Index CFDs are not eligible for Global Prime rebates.
Do forex trading rebates at Global Prime affect my trading performance?
No, rebates at Global Prime do not affect trade execution but can lower your overall trading costs.
Is there a maximum rebate I can earn at Global Prime?
You can earn no maximum number of rebates at Global Prime, but terms and conditions may apply.
Strategies to Maximize Rebates with Global Prime
- Review your trading strategies and rebate earnings regularly. Make the necessary adjustments to maintain maximum rebates.
- If you are an Introducing Broker or Affiliate program member, actively refer new clients to increase collective trading volume and, thus, rebates.
- The more you trade, the more rebates you earn. Consider scalping strategies, which involve high-frequency, low-risk trading.
- Global Prime provides Forex and precious metals rebates. Diversifying your trades across these assets can help you earn more rebates.
- Leverage can potentially increase your trading volume, but it also has risks. Use it wisely to maximize rebates while avoiding significant losses.
- Use the real-time reporting feature to keep track of your rebate earnings and adjust your trading strategy as needed.
- Keep an eye on market trends and time your trades to coincide with periods of high volatility to increase your trading volume and potential rebates.
Does trading during specific market hours affect my rebates at Global Prime?
No, trading during specific market hours has no bearing on rebates available at Global Prime.
Is maintaining a higher account balance beneficial to earn more rebates at Global Prime?
Yes, maintaining a higher account balance may give you more trading opportunities, which may result in higher rebates at Global Prime.
Global Prime Alternatives
- 🥇 FBS is a prominent international online broker in over 150 countries, offering access to popular markets via MT4 and MT5 trading platforms. In addition, the broker provides multiple account tiers and loyalty bonuses to enhance the trading experience for its clients.
- 🥈 CMC Markets is a top online financial trading company specializing in spread betting and CFDs across major global markets. With over 300,000 active clients and thousands of instruments available for trading, CMC Markets boasts an impressive annual trade volume of 87.8 million.
- 🥉 IC Markets aims to democratize access to investment solutions traditionally reserved for institutional investors or high-net-worth individuals. Retail clients can access forex trading, futures, indices, and commodities through their platform.
Global Prime VPS Review
Global Prime offers its clients two options for accessing MT4 VPS hosting services: a sponsored or discounted service from a recommended third-party provider. Clients who trade more than 20 lots of forex or metals in 30 days can gain access to a complimentary VPS sponsored by Global Prime.
To sign up for the sponsored VPS, clients can visit their Global Prime Hub and select the MT4 VPS option powered by NYC Servers. Global Prime will debit the client’s account upfront for the VPS fees and send the VPS details to the client. If the client meets the minimum volume requirements, Global Prime will automatically refund the fees.
Furthermore, Global Prime has partnered with NYC Servers to provide a customized low-latency solution for traders. NYC Servers offer fast executions and high-powered servers that run 24/7, 365 days per year, and provide the broker with a stable, low-latency connection.
In addition, Global Prime also offers 24/7 support through email, support tickets, live chat, and telephone are critical factors for success in today’s fast-changing markets.
Global Prime Web Traffic Report
🌎 Global Rank | 169,812 |
🚩 Country Rank | 129,045 |
📌 Category Rank | 1,293 |
📍 Total Visits | 254.7K |
⚽ Bounce Rate | 50.29% |
📉 Pages per Visit | 4.00 |
📈 Average Duration of Visit | 00:02:44 |
➡️ Total Visits | December – 52.1K |
➡️ Total Visits | January – 100.8K |
➡️ Total Visits | February – 254.7K |
Global Prime Pros and Cons
✅ Pros | ❎ Cons |
Traders can instantly track rebate earnings and trading activities | A monthly rebate payment frequency may not be as frequent as some traders prefer |
Global Prime offers over 150 markets, including Forex and precious metals, for portfolio diversification | Global Prime does not offer educational material for beginners |
MetaTrader 4 integrates Global Prime's features, including the rebate program, for a seamless trading experience | Rebates may not be available for all trading instruments, including index CFDs, which may limit some traders |
Global Prime ensures client safety and security by following strict regulatory guidelines | The variety of features and account types can be overwhelming for new Forex trader |
Standard and Raw accounts are eligible for rebates | The Raw Account has tight spreads but a commission, which may not suit all traders |
24/7 support addresses issues and questions quickly | Global Prime does not offer micro accounts |
Global Prime's lightning-fast execution speeds reduce slippage and allow traders to capitalize on market opportunities | Traders who prefer other platforms may not like Global Prime's MetaTrader 4 platform |
Global Prime vs. Other Notable Brokers
🔎 Broker | 🥇 Global Prime | 🥈 IG | 🥉 Markets.com |
💴 Withdrawal Fee | None | None | None |
🆓 Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
💶 Min Deposit | $1 | $250 | $100 |
📈 Spread | From 0.0 pips | From 0.1 pips DMA | From 0.6 pips |
📉 Commissions | $7 round turn | From 0.10% | Spread only |
⛔ Margin Call/Stop-Out | 120%/100% | 100%/50% | 50%/20% |
📊 Order Execution | Market | Market | Instant, Market |
🎁 No-Deposit Bonus | None | None | None |
🪙 Cent Accounts | None | None | None |
⏰ Customer Service Hours | 24/7 | 24/7 | 24/5 |
🔟 Retail Investor Accounts | 2 | 7 | 2 |
☪️ Islamic Account | None | ✅ Yes | ✅ Yes |
⬇️ Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
⬆️ Maximum Trade Size | 1,000 lots | Unknown | 100 lots |
⌛ Min. Withdrawal Time | Instant | 1 business day | 24 hours |
🕰️ Max. Withdrawal Time | 3 – 5 working days | Up to five business days | 7 working days |
💳 Instant Withdrawals | ✅ Yes | ✅ Yes | ✅ Yes |
Global Prime Customer Reviews
🥇 Exceptional.
Having been a client of Global Prime for almost three years, I have yet to encounter any issues. Their customer service is exceptional, and I wholeheartedly recommend them. – Maggie Garza
🥈 Prompt Service
With over a year of patronage, I can attest that Global Prime’s customer service is consistently cooperative, and their withdrawal processes are prompt. Thus, my experience with them has been largely without incident. – Aliza Andrews
🥉 Happy Client.
Global Prime distinguishes itself with its low commission fees and commendable spread rates. In addition, the quality of their service remains consistently outstanding, as evidenced by their expeditious and proficient handling of deposit and withdrawal transactions and their flawless trade execution processes. – Lawrence Huber
Recommendation for Improving Global Prime Cashback Rebates
Global Prime does not provide a transparent structure relating to the cashback rebates that traders can earn. Furthermore, only Forex and Metals receive rebates, which limits traders. Therefore, Global Prime could expand its offering and provide more rebate information. Furthermore:
- ✅ Reduce or eliminate minimum trading volume requirements to make the program more accessible to traders who trade less frequently.
- ✅ Implement a tiered rebate system based on trading volume or account size to incentivize small and large traders.
- ✅ To make the program more comprehensive and appealing to a broader range of traders, include more financial instruments, such as index CFDs.
- ✅ Consider offering weekly rather than monthly payouts to provide traders with more immediate benefits.
- ✅ Introduce limited-time promotional offers, such as higher rebate percentages for the first month, to entice new program participants.
- ✅ Enhance real-time reporting capabilities with more detailed analytics, such as projected monthly rebates based on current trading activity.
- ✅ Work on regulatory approvals to expand the rebate program’s availability.
- ✅ Provide educational content focusing on maximizing the rebate program’s benefits.
- ✅ Increase the flexibility of rebate withdrawal methods, including the option to directly reinvest in trading accounts.
Finally, To ensure complete transparency, clearly outline any conditions or fees associated with rebate withdrawal.
Our Verdict on Global Prime
According to our research, Global Prime’s rebate program provides an appealing value proposition for traders looking to reduce their trading costs. The program especially benefits high-volume traders because it offers substantial cashback or commission reduction options.
The potential savings are significant, with up to $1.60 per lot cashback or a 22.85% commission reduction. Furthermore, the monthly pay-out frequency and real-time reporting features provide traders transparency and convenience.
However, it is critical to approach this program with a balanced viewpoint. The allure of rebates may encourage traders to overtrade, exposing them to unnecessary risks.
Furthermore, the program has its own restrictions, such as minimum trading volume requirements and excluding specific financial instruments. Another critical factor that traders must consider is tax implications, as rebates are considered taxable income.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. This evaluation comprises positives, disadvantages, and an overall score based on our findings. We want to assist you in locating the ideal broker for your requirements. Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Global Prime Frequently Asked Questions
What are forex trading rebates?
Forex trading rebates are incentives to traders through cashback or reduced commissions on their trades.
How do forex trading rebates work with Global Prime?
On Standard and Raw Accounts, traders can earn up to $1.60 per lot cashback or a 22.85% commission reduction with Global Prime.
Are forex trading rebates taxable?
Yes, forex trading rebates are typically taxable income and must be reported as such.
Can I receive rebates on trades made with a demo account?
No, rebates are only available on live account trades.
Are there any limitations or restrictions on using forex trading rebates?
There may be restrictions, such as minimum trading volume requirements, and rebates may not be available for all trading instruments.
Are there any requirements to be eligible for forex trading rebates with Global Prime?
To be eligible for Global Prime forex trading rebates, you must first join their affiliate or IB program and meet any minimum trading volume requirements. Alternatively, traders can earn rebates by signing up with a Global Prime rebate provider.
Is the Global Prime rebate program available to all traders?
Yes, all traders who meet the eligibility requirements can participate in the Global Prime rebate program.
Can I combine forex trading rebates with other promotions or bonuses Global Prime offers?
It depends on the terms and conditions of Global Prime’s promotions, but in general, rebates are distinct from other offers and may not be combined.
How are forex trading rebates credited to my account with Global Prime?
Monthly forex trading rebates are credited to your account, and real-time reports are available for tracking.
Can I participate in the Global Prime rebate program with an Islamic account?
Yes, if you have an Islamic account, you can participate in the Global Prime rebate program. The cashback is given as a commission rebate, which is Sharia-compliant.
How can I sign up for forex trading rebates with Global Prime?
Join Global Prime’s Partner Program as an Introducing Broker or an Affiliate to qualify for forex trading rebates.
How can I track and monitor my forex trading rebates with Global Prime?
Global Prime provides real-time reports that allow you to track and monitor your forex trading rebates.
How do I withdraw my rebates earned through the Global Prime rebate program?
You can withdraw your rebates from the Global Prime rebate program using the same methods you used to fund your account.
How much can I earn through forex trading rebates with Global Prime?
The amount you can earn through Global Prime forex trading rebates is determined by your trading volume and account type, with a maximum cashback of $1.60 per lot or a 22.85% commission reduction.