scambrokersreview.com
| Regulation | ASIC (Australia) |
| Founded | 2010 |
| Min. Deposit | USD 0 |
| Platforms | MT4, MT5, cTrader |
| Spread From | 0.0 pips (Raw) |
Overview
Global Prime is an Australian ECN broker founded in 2010 with a pure focus on transparent ECN execution. Regulated exclusively by ASIC, it prides itself on genuine raw spread execution and transparent reporting of trading statistics, including slippage rates, that few brokers publicly disclose.
Regulation and Safety
Global Prime holds a single ASIC licence (AFSL 385620), which is a meaningful Tier 1 regulation. Unlike many brokers that operate separate offshore entities for international clients, Global Prime operates under a single Australian entity, meaning all clients receive the same ASIC-standard protections including fund segregation and negative balance protection.
Trading Conditions
Raw accounts offer EUR/USD spreads from 0.0 pips with a USD 3.50 per side commission. Standard accounts have no commission with spreads from 0.9 pips. Global Prime is notable for publishing its execution quality statistics publicly, including fill rates and slippage data, demonstrating transparency about actual trading conditions.
Pros and Cons
- ASIC regulated with no offshore workaround entity
- Exceptional execution transparency with published statistics
- No minimum deposit requirement
- Supports MT4 and cTrader
- Trusted by algorithmic and high-frequency traders
- Limited to ASIC regulation only, no FCA or CySEC
- Smaller brand with less marketing visibility
- Fewer instruments than multi-asset competitors
- Educational content is minimal
Verdict
Global Prime is ideal for traders who prioritise ASIC regulatory purity and genuine ECN execution transparency. Its commitment to publishing real execution statistics is rare in the industry and speaks to a culture of transparency not commonly seen at larger brokers.
