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Global Prime – review of the company, search for reviews, divorce algorithm, ways to get your money back
The company offers a wide range of financial instruments with tight spreads, instant order execution and a variety of trading platforms for the convenience of clients. In addition, innovative tools for analysis and trading automation are available. But is this really so? Our task is to expose another SCAM project.
|Year of foundation
|Regulation and jurisdiction
A wide selection of financial instruments, low spreads, a variety of trading platforms, a high degree of regulation and supervision.
+61 (2) 8379 3622
- A variety of financial instruments for trading
- Various partnership programs and bonuses for clients
- High minimum deposit requirements or account maintenance fees
- Restrictions may apply to certain countries or regions
- Lack of training materials or limited access to analytics
MT4, MT5, cTrader
|Types of accounts
Demo, ECN, Standard
USD, EUR, GBP
Bank of Transfer, credit cards, online-wallets
Fixed/floating, from 0 points
Currency pairs, stocks, indices, commodities
|Competitions and bonuses
Deposit bonuses, trading competitions
Global Prime was founded in 2010, initially focused on serving the growing demand of institutional clients for Forex trading through the MT4 platform. Already in 2011, the organization began working with retail clients and has been actively developing since then. Over 12 years of operation, Global Prime has grown to serve thousands of clients around the world, becoming one of the best brokers in the industry.
The company is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). Global Prime is a trading name of FMGP Trading Group Pty Ltd in Australia and Gleneagle Securities Pty Limited in Vanuatu. A review of Global Prime’s official website showed that the company focuses on protecting customer funds. All client funds are managed in accordance with client money laws and are held separately from company funds in segregated client trust accounts.
Global Prime also regularly conducts independent external audits of its financial and compliance arrangements. But there is no evidence of these processes on the site. There are no screenshots or footnotes on documents.
Of course, one cannot fail to note the lack of a license from the Central Bank of the Russian Federation. The office provides services on the domestic market illegally. Traders must understand all the risks and be aware of where they are registering.
Terms of cooperation with Global Prime
Company of choiceoffers two trading accounts, each tailored to the different needs of traders:
- Standard Account. Spread: From 0.9 pips. Commission: $0. Minimum trading volume: 0.01 lot. Maximum trading volume: 1000 lots. Stop out level: 120%. Support for scalping, Expert Advisors (EAs) and hedging. Account currencies: USD, AUD, GBP, EUR, CAD, SGD, JPY;
- Raw Account. Spread: From 0.0 pips. Commission: $3.5. Minimum trading volume: 0.01 lot. Maximum trading volume: 1000 lots. Stop out level: 120%. Support for scalping, Expert Advisors (EAs) and hedging.
Both account types offer access to a wide range of trading instruments, including Forex, cryptocurrencies, indices and commodities. Global Prime promises competitive spreads, benefits from reduced slippage risk, fast order execution and close collaboration with each client to ensure maximum trading efficiency. The problem is that the organization provides services illegally and does not bring transactions to the real market.
Now regarding what conditions are presented for depositing and withdrawing funds:
- Visa and MasterCard. Processed immediately. The minimum amount to start is $10; there are no commissions;
- cryptocurrency. Minimum amount is 10 dollars, currencies for working out are euro and dollar;
- PayPal, Neteller, Skrill, Astropay, Jeton, Perfect Money. The currency available for processing depends on the selected payment direction;
- Dragonpay. Processing time: 1-2 business days. Minimum deposit: $10. Processing currencies: PHP;
- Interac. Processing time: 1-3 business days.
It is clarified that the maximum period for consideration of an application for withdrawal is up to 5 working days. We should take into account that, according to reviews of Global Prime, the company does not withdraw money at all. Everything that is said on the website about the quick consideration of the application and the prompt receipt of funds is a bluff.
Signals indicating divorce
We invite you to familiarize yourself with the key signs indicating fraud:
- nnegative customer reviews. Many customers claim that Global Prime is a scam and complain about problems with withdrawals. Next, you can see this for yourself;
- the investigation showed that the broker’s licenses are genuine, but this does not eliminate questions about the quality of his services;
- many complaints about the quality of service and lack of effective technical support;
- questionable trading conditions. The trading conditions and tariff plans indicated on the site raise questions, especially regarding commissions and trading conditions. There is very little specificity, there is not even a minimum threshold for opening an account;
- There is insufficient information about the company’s activities and trading operations.
Of course, we must not forget that globalprime.com operates without a license from the Central Bank of the Russian Federation. Violating the prescribed norms of law.
reviews contain negative assessments about the broker, problems with withdrawal of funds and dishonest practices in providing bonuses. Let’s look at each review separately.
Global Prime, an Australian FX and CFD broker operating since 2010, is a company offering access to Tier 1 bank liquidity. However, according to the result obtained during the service analysis process, signals of divorce were detected. Global Prime spreads can widen for no apparent reason, making trading less profitable. The presence of a company subsidiary in Vanuatu, where controls over financial services are less stringent, signals a very low level of reliability.
False broker Global Prime reviews from ex-clients
The first thing that catches your eye is the excessive number of comments online. As you understand, their essence is the same – complaints about the lack of earnings through cooperation with a broker. The company does not implement even half of what it promises in practice. As a result, users are left without money.
The quotes are fake, of course this leads to losses. All attempts to find out the details of the unstable operation of the terminal do not give any result.
Of course there is no withdrawal of money. Managers in most cases simply promise clients income, but there is none at all. Sergey and other clients became convinced that there was no liquidity provider.
As you can see, thanks to the comments, you can understand how the service works, and that most of the statements on the site are fake.
If you are faced with a kitchen scam or any other scammer, then the best solution would be to launch a chargeback. This is an option that allows you to return money transferred by you personally. It’s just that not all victims are willing to spend time learning the procedure. For consultationwrite to us.
Conclusion about the false Global Prime project
Before us is an organization that attracts the attention of traders and investors with loud promises and statements. But in practice, the company does not realize even half of what it promised. At a minimum, it’s worth starting with the fact that the organization operates without legal documentation and a license. This means that it violates all prescribed norms on the domestic market.
Ready to start investing? Open an account with a proven broker with the best conditions and favorable bonuses
The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about Global Prime are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.
To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.
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