vs Global Prime - 2024 Comparison | FxScouts
EditorEditor: Chris CammackUpdated: November 15, 2023

Last Updated On November 15, 2023

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

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Broker Score
Risk Statement
Min. Deposit
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Account Types
Islamic Acct
Trading Platforms
Funding Methods
Trading Commission
11110.54.78/ 5 84.01 of retail CFD accounts lose moneyGBP 20FCA Regulated Forex BrokersCySEC Regulated BrokersASIC Regulated BrokersSecurities Commission of the BahamasMarket MakerCommodities, Stock CFDs, Forex, Indices125111
  • Tight spreads
  • Low minimum deposit
  • Excellent education
  • Limited account options
Read Review 111115/ 5 111115/ 5 11110.54.5/ 5 11110.54.5/ 5 111115/ 5 11110.54.5/ 5 111115/ 5 84.01%30:10.60 pips Standard MT4, TradingView, Capital.comApple Pay, Bank Transfer, Mastercard, Sofort Banking, VisaFees Included in Spread
11110.54.04/ 5 N/A of retail CFD accounts lose moneyGBP 0ASIC Regulated BrokersVanuatuECN/DMABonds, Commodities, Cryptocurrencies, Forex, Indices5640
  • Regulated by ASIC VFSC and the FSA (Seychelles)
  • No minimum deposit is required but a 200 USD starting balance is recommended
  • Supports MT4 and TraderEvolution platforms along with additional tools like TradingView and VPS services
  • Offers some of the tightest spreads in the industry starting at 0.00 pips on its commission-free account
  • Offers high leverage up to 500:1 which can be considered a drawback due to the increased risk of significant losses
  • Charges fees for access to comprehensive educational courses and materials
  • Offers a more limited selection of tradable assets compared to other large international brokers
Read Review 111104/ 5 111115/ 5 111104/ 5 11110.54.5/ 5 10.50001.5/ 5 11110.54.5/ 5 111104/ 5 0500:10 pips Comission Free ECN, Commission Based ECN, Institutional, Raw Account, Standard Account MT4Bank Transfer, BPay, Fasapay, Mastercard, Neteller, Paypal, POLi, Skrill, Visa7 USD / lot

How do and Global Prime stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

Global Prime

At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare and Global Prime, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does or Global Prime have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that holds three Tier 1 and no Tier 2 licences, and Global Prime holds one Tier 1 and no Tier 2 licences.


Is financially regulated?

Yes was founded in 2016 and is regulated by ASIC, CySEC, FCA and SCB.


Is Global Prime financially regulated?

Yes Global Prime was founded in 2011 and is regulated by ASIC and VFSC.


Based on these findings, earned a higher trust rating than Global Prime.

Does or Global Prime have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that has overall lower trading costs than Global Prime. 

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Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
111115/ 5
0.60 pips
0.60 pips
1.30 pips
0.80 pips
Global Prime
111115/ 5
0.00 pips
0.16 pips
0.75 pips
0.39 pips


Does or Global Prime offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, offers support for MT4, and TradingView and Global Prime offers support for MT4. 

Do the brokers offer copy trading?

In this case both and Global Prime offer copy trading.

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Platform Choice
Copy Trading
11110.54.5/ 5
Global Prime
111104/ 5


Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that offers a greater range and depth of instruments to trade than Global Prime. offers 125 Forex pairs to trade and Global Prime offers 56 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, offers 111 cryptocurrencies while Global Prime offers 40 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither nor Global Prime charges a withdrawal fee. Overall, Global Prime has better deposit and withdrawal processes than 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. has better educational support than Global Prime. Both and Global Prime offer educational support for more experienced traders.

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Beginner Course
Advanced Course


Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that offers better research analysis than Global Prime and that both and Global Prime offer frequent webinars.

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Economic Calendar
Trading Central
Trading View
Free VPS
Global Prime


Our overall Verdict on

Note: has momentarily suspended onboarding new clients in the UK

Founded in London, UK, in 2016,’s low costs, huge range of instruments, and user-friendly trading platform have quickly made them one of the most popular Forex brokers around. Following our testing for this review, we’re happy to say that we like them too. has thought carefully about what traders want from their broker and has successfully created a welcoming environment for both beginners and professionals. offers one live commission-free account, with trading fees that are significantly lower than other brokers. Spreads average 0.6 pips on the EUR/USD, and no fees are charged for deposits, withdrawals, or inactive accounts. also offers one of the widest ranges of instruments available, including over 138 Forex pairs and 5400 share CFDs. All instruments are available on MT4 and’s award-winning in-house platform and app. Customer support is available 24/7, and beginners will find that’s education and market analysis are some of the best in the industry. 

Our overall Verdict on Global Prime

With excellent trading conditions and a variety of trading tools, Global Prime appeals to traders looking for a new MT4 broker with a low-cost trading environment.

An ASIC-regulated broker, Global Prime's trading conditions include some of the tightest spreads in the industry, with spreads that start at 0.00 pips on its commission-free account, low commissions on its ECN account, and no minimum deposit requirements. Global Prime also charges low non-trading fees, a welcome development in an industry in which fees are charged on almost every transaction.  

Global Prime offers support for the MT4 and TraderEvolution platforms, alongside a variety of trading tools, including FIX API, TradingView, Zulutrade, Myfxbook Autotrade, and VPS services.  However, traders should note that most of these tools are available at an extra cost.

While Global Prime provides excellent educational courses for beginner traders, it provides virtually no market analysis.  Additionally, in order to access the educational materials, traders will have to pay a fee of 299 USD and a monthly subscription of 50 USD.  

Which broker has the highest overall rating? has an overall rating of 4.78 and Global Prime has an overall rating of 4.04. For more detail please read our reviews of and Global Prime.

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