Global Prime Review

Global Prime is a brokerage firm registered in Australia and regulated by the ASIC. With a history of 10-15 years, the broker offers a diverse range of trading instruments, including currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, and bonds.

There is no minimum deposit requirement, allowing flexibility for traders. The broker provides a maximum leverage of 1:100 and offers tight spreads to enhance trading conditions. Trading is facilitated through industry-standard platforms like MetaTrader 4 (MT4) and TradingView. Global Prime supports multiple deposit and withdrawal methods, including PayPal, Mastercard, Visa. There have been instances of fraud complaints exposure, which is something potential traders should consider.

Regulatory Status

Global Prime is currently regulated by the Australian Securities and Investments Commission (ASIC) and holds a Market Making (MM) type license with license number 385620.

Market Instruments

Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, bonds .....Global Prime allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Global Prime.

Spreads and Commissions

In Global Prime, the spreads are shown in a separate page and the commissions are 7 USD per lot. We can see that the minimum spreads for major forex pairs are 0.0 pips.

Account Types

Demo Account: Global Prime provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: Global Prime only provides one type of ECN account, the commission is 7 USD per lot, no minimum deposit and spreads are tight.

Trading Platforms

When it comes to trading platforms, Global Prime provides MT4 and Tradingview, both are among the most popular platforms in the world. The clients may choose the one they prefer freely.

Leverage

The maximum leverage offered by Global Prime is only 1:30 or 1:100, which may seem too low to you. In reality, those leverage of up to 1:500 or even 1:1000 are all from unregulated or offshore regulated brokers, and as we know, offshore regulation is much less strict regulation. For brokers that are formally regulated by the major regulatory bodies, they can only offer leverage of 1:30 or 1:50 at best, which is sufficient for the novice Forex trader. Lower leverage reduces the potential gains on trades, but more importantly, it reduces much of the risk. We recommend that you always keep your account risk at 2% or less.

Deposit & Withdrawal

In terms of deposit and withdrawal, like many good brokers, Global Prime provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc.

Educational Resources

A series of educational resources is available at Global Prime, such as autochartist alerts, economic calendar, market opportunities, chrome extender, VPS, autotrade, pip calculator, etcetera.

Customer Support

Global Prime offers comprehensive customer support tailored to meet the needs of its diverse client base. Here are the key details regarding their customer service offerings:

• Languages Supported: English and Portuguese, accommodating a broad range of clients.
• Service Hours: Available 24 hours a day, 5 days a week, aligning with global forex market hours.
• Email Support: Clients can reach out for assistance via email at support@globalprime.com.
• Phone Support: For direct communication, clients can call +61 (2) 8379 3622.
• Physical Addresses:
• Australia: Global Prime PTY Ltd (ABN 74 146 086 017), Suite 504, 35 Grafton Street, Bondi Junction, Australia.
• Vanuatu: Global Prime FX (Company Number 40256), Govant Building, BP 1276, Port Vila, Vanuatu.
• Social Media Presence: Global Prime maintains an active presence on several social media platforms including Facebook, LinkedIn, YouTube, and Twitter.

FAQs

Is this broker well regulated?

Yes, it is currently effectively regulated by ASIC.

What trading instruments are available?

You can trade a variety of instruments including currency pairs, indices, commodities, metals, energy products, cryptocurrencies, stocks, and bonds.

What is the minimum initial deposit required to open an account?

There is no minimum deposit required to start trading.

What is the maximum leverage offered?

The maximum leverage offered is 1:100.

Founded in 2015, Anzo Capital is a financial brokerage registered in the United Kingdom. It offers access to a wide range of products, including forex pairs, commodities, and CFDs. The company provides risk-free demo accounts and two types of live accounts with a minimum deposit requirement of $100 and a maximum leverage ratio of 1:1000. Additionally, Anzo Capital holds regulatory licenses from the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Pros and Cons

Is Anzo Capital Legit?

Yes, Anzo Capital is a legitimate broker holding two regulatory licenses. It possesses a Financial Services license issued by the Financial Conduct Authority (FCA) with the number 739550. Additionally, it holds a Financial Services license issued by the Australian Securities & Investments Commission (ASIC) numbered 362215.

Regulated Country	Current Status	Regulated Authority	Regulated Entity	License Type	License Number
	Regulated	Financial Conduct Authority (FCA)	ANZOGLOBAL LLP	Financial Service	739550

Regulated Country	Current Status	Regulated Authority	Regulated Entity	License Type	License Number
	Regulated	Australia Securities & Investment Commission (ASIC)	ANZO CAPITAL (AUST) PTY LTD	Financial Service	362215

What Can I Trade on Anzo Capital?

On Anzo Capital, you can access these tradable instruments: Forex pairs (AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, ...), precious metals (gold, silver, ...), Crude Oil CFDs (WTI Crude Oil Spot and Brent Crude Oil Spot), Index CFDs (Australian ASX200 Index, Dow Jones Industrial Average, Euro STOXX 50 Index, FTSE 100 Index, ...), and Stock CFDs (AIA Group Ltd -1299.HK, Alibaba Group Holding Ltd - BABA, Alphabet Inc - GOOGL/GOOG-A).

Account Type

Anzo Capital offers two types of live accounts: ECN and STP. Both accounts have a minimum deposit requirement of $100and a maximum leverage of 1:1000.

Additionally, Anzo Capital provides a demo account, which offers a certain amount of virtual funds for free, allowing you to adapt to the investment market and reduce risks when making real investments.

How to Open an Account on Anzo Capital?

The procedures to open an account on Anzo Capital are not easy. You need to complete the following steps.

Step 1: First, you need to enter your personal information, including your name, email, phone number, and set a password.

Step 2: Then, you need to provide some additional information and configure your account by selecting your preferred account type, leverage, trading account currency, and trading platform, and setting a transaction password.

Step 3: Finally, you need to verify your identity by uploading a copy of your Chinese ID card.

Leverage

The maximum leverage offered by Anzo Capital is limited to 1:1000 for both account types, which is considered quite high and poses a significant risk. However, when registering your account, you can choose a suitable leverage level, with the minimum being as low as 1:10.

Spread and Commission

The spreads are influenced by market conditions, so the spreads offered by Anzo Capital are floating for both account types. However, in terms of commissions, the STP account is free, whereas the ECN account charges $4 or an equivalent amount.

Trading Platform

On its website, Anzo Capital primarily displays information related to the MT4 platform, offering it in various versions such as desktop, web, and mobile. However, upon registering an account, we discovered that there is also an option to select MT5 as the trading platform. Therefore, at Anzo Capital, you have the choice to enjoy the benefits of two of the world's leading trading platforms.

Deposit and Withdrawal

There is only one way to make a deposit and withdrawal on Anzo Capital, which is through bank transfer, and they only accept CNY.

The minimum deposit amount is 3,000 CNY, and the minimum withdrawal amount is $150.

Fortunately, they do not charge fees for deposits and withdrawals.