Markets
Forex Trading
Use Global Prime as Your Forex Broker
Foreign Exchange trading is our specialty.
We compare and rank quotes from the world's largest and fastest non-bank market makers and select the most competitively priced.
We regularly compare which providers have the best price and drop the ones who don't cut the mustard anymore. That way, you'll take comfort knowing you'll get the ultra competitive prices in the market, all day everyday.
Benefits of Forex Trading
Low cost trading |  |
Go long or short on forex trade | |
Trade Forex 24/5 | |
Wide range of FX pairs; Majors, minors & exotics | |
Start small with micro lots (10c per pip) | |
Compare Our Account Features
Standard | Raw | |
|---|---|---|
Spread From | 0.9 Pips | 0.0 Pips |
Commission | A$0 | A$3.5 per side each lot |
Starting Deposit | $0 | $0 |
Server Location | New York | New York |
Micro lot trading (0.01) | | |
Range of Markets | Access to 150+ global markets including FX, Indices, Commodities, Digital Currencies and more. | Access to 150+ global markets including FX, Indices, Commodities, Digital Currencies and more. |
One Click Trading | | |
Trading Styles Allowed | All | All |
Order Distance Restriction | None | None |
Suitable For | All Traders | All Traders |
Forex Trading Conditions
View our trading conditions across our full range of products to see how trading with Global Prime is your next best move.
Spreads
Our spreads are consistently some of the best in the industry due to relationships with premier non-bank market makers and our dedication to lowering your trading costs.
- Live Spreads
- Historical Average Spread
Margin & Leverage
Depending on where you live and which Global Prime entity you trade with, we offer flexible leverage to give traders:
- Margin Call 100%
- Margin Stop Out 50%
Swap Fees
We go direct to some of the industry's leading market makers to provide traders with competitive rates across our range of markets.
- Current Swap Rates
- Overnight Interest Charges
Check our Market hours for open/trading hours across all of our products.
FAQs
What is Forex? And how does it work?
Forex is the term used to describe the 'Foreign Exchange Market, which is considered the most liquid financial market in the world. Trading forex involves buying one currency by exchanging it for another currency, the price of which is determined by supply and demand. Currency products are traded as pairs in which currencies are weighted against one another.
For instance, AUD/USD is the Australian dollar weighted against the US dollar. If you were to buy 1 lot of AUD/USD you would be buying 100,000 Australian dollars by delivering the equivalent (roughly 65,000 in US dollars.)
What is Forex margin?
Trading a leveraged security means that you have access to far more buying power within the market than your actual balance would allow. Accordingly, a "down payment" or "collateral" of sort is required in order for us to provide you the leverage you wish to trade with. This "collateral" is what is referred to as margin. Visit our Margins page for more information.
What is the maximum Forex leverage offered?
We offer competitive leverage rates which are determined by the Global Prime entity you register with. See our leverage here.
What are the Forex market hours/trading times?
The Forex market trades almost 24 hours a day 5 days a week from Monday to Friday. The hours are 5pm ET/EDT (New York) on Sunday afternoon/evening to 4:59pm ET/EDT (New York) on Friday afternoon/evening.
What GMT offsets are Global Prime's charts set to?
Global Primes charts are set to GMT +3 (DST) / GMT + 2 (non DST).
What are your commissions?
We only charge commissions on FX, Metals, and Crypto (0.1% on crypto trades). Our commissions start at USD $7 per 1 lot round turn. We do not charge commissions on Oil, Bonds, Commodities and Index instruments.
What platforms can I use to trade FX?
At Global Prime, you can trade FX on MT4 PC, MT4 Mac, MT4 Mobile or MT4 Webtrader. We'll also be introducing more platforms in the coming year including: MT5, cTrader, and TradingView.
What are the average spreads on FX?
Global Prime has some of the tightest Forex spreads in the world. You can find the average spreads across our range of Forex on our "Trading Conditions" page.
What is the maximum trade size I can execute on FX?
On FX pairs, the maximum lot size per trade that can be executed is 1000 lots.
What is the minimum trade size I can execute on FX?
The minimum trade size that can be executed on FX is 0.01 lots.