| Updated: February 6, 2025Account Types at Global Prime
Global Prime facilitates Forex and CFD trading through a couple of trading account options, each offering great conditions for different types of traders. If you are inexperienced with trading or need some time to get used to the Global Prime trading experience, you have the chance to create a Demo account and trade with a virtual budget.
The Demo account at Global Prime is available as soon as you create your account, which is a seamless and fast process. You can charge up to $1 million to your Demo account and practice trading in the current market conditions without risking any real money.
When you decide to go Live and trade with real funds, you can choose between two types of retail accounts. Depending on your trading goals, you can opt either for a Standard account or create a Raw trading account. Both types share some similarities, offering micro lot trading and a maximum trade size of 1,000 lots.
The main difference between Standard and Raw accounts is the cost of trading. The former offers spreads from 0.9 pips and zero commissions, while the latter charges a small commission of $3.50 per side of the trade but reduces the spreads to as low as 0.0 pips.
Since the ASIC entity of Global Prime has introduced leverage limits due to regulatory restrictions, the broker offers experienced traders the opportunity to upgrade to professional trading. These special accounts, however, require meeting several conditions to prove one can afford high-risk trading.
| Demo Account |  |
| Islamic Account | |
| ECN Account | |
| Pro Account | |
| MAM Account |  |
Minimum Account Deposit Requirements
Once you have completed the signup process of Global Prime and you are ready to go live with your trades, you can pick a suitable payment option and fund your account. The great thing about starting your trading journey at Global Prime is having zero requirements for the minimum deposit amount transferred to any account type.
Some of the supported payment solutions may have a certain minimum deposit limit but that rarely would surpass $10. Having no condition for minimum deposit allows traders to start with as little as they feel comfortable with. Having the option to trade with micro lots also enables smaller trades, which are suitable for less experienced traders and those who are not willing to take big risks. That said, we would like to remind traders that 0.01 lots is equal to 1,000 units in the base currency, which means traders would need to charge at least $1,000 or the equivalent in another currency to start trading.
Tradable Instruments
Currently, Global Primer facilitates trading through the third-party trading platform MT4, which provides exposure to a variety of tradable markets, including Forex, Commodities CFDs, Crypto CFDs, Indices, and Bonds CFDs. Trading with CFDs (Contracts for Difference) allows traders to speculate on the price fluctuations of various assets, without gaining any ownership over them. Since Global Prime allows its clients to take both short and long positions, that allows for generating profits from both declining and rising prices. The Forex market includes major, minor, and exotic pairs, totaling more than 50 currency pairs that can be traded with either the Standard or the Raw account at Global Prime.
Registration Process – Takes about 1-2 minutes
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Access the Registration Page by the Sign Up button on the homepage.
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Enter your email address and password. Repeat the password you have chosen. Confirm you are of legal age.
KYC Process – takes up to 10-12 minutes
After selecting Sign Up, your account will be ready. Opening a Live Account requires account verification.
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Provide your personal details to complete the first step of the verification process. Make sure details match the information on your Government Issued ID.
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Set up your account settings based on your trading preferences. Pick a security question and provide an answer that may be used in the future to verify your identity.
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Upload pictures of a form of an official ID document. Proceed to the second step of the identity verification process.
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Upload a document/picture to provide further proof of your identity.
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Click on Verify My Account and your Verification Request will be submitted for approval.
Overall Thoughts
The registration process at Global Prime is smooth and swift, allowing you to create your trading account in a couple of minutes. Demo accounts can be activated as soon as traders have registered with the broker. Live trading, however, requires verification, which is also a seamless process that should not take more than a few minutes. By following the steps above, you can set up your live trading account with Global Prime in no time.