What Account Types and Fees Does Global Prime Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners and casual traders |
Spreads from 0.9 pips, no commissions, micro lot trading |
Accessible with no minimum deposit, suitable for those preferring simplicity |
| Raw Account |
Experienced and active traders |
Raw spreads from 0.0 pips, commission of $3.50 per side |
Ideal for scalping and high-frequency trading, requires understanding of commission structures |
| Demo Account |
All traders for practice |
Virtual trading environment with up to $1 million in virtual funds |
Available for 60 days, allows risk-free practice |
| Islamic Account |
Traders requiring swap-free options |
Not available |
No Islamic account option offered |
Account Opening Process
To open an account with Global Prime, follow these steps: First, visit the registration page and submit your email and password. After registering, you’ll need to provide personal, employment, and financial information. This includes identity verification documents such as a government-issued ID and proof of address. The verification process is designed to be quick, usually taking about 10-12 minutes. Once verified, you can start trading right away. Additionally, if you begin with a Standard account, you can upgrade to a Raw account later as your trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| CFDs (Stocks) |
0.1 |
$7 (round turn per lot) |
Competitive rates for stocks |
| CFDs (Indices) |
0.5 |
$0 |
No commission on index trades |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Fees may vary based on volatility |
Other Fees
Global Prime maintains a transparent fee structure, which includes: no fees for deposits or withdrawals, no inactivity fees, and no platform usage fees. However, traders should be aware of overnight interest (swap rates) applied to positions held overnight, as well as potential currency conversion fees for deposits or withdrawals in different currencies. Overall, the trading environment is designed to keep costs low and maximize trader profitability.
