Globalprime.com FAQ

What is globalprime.com?

Globalprime.com is an online brokerage platform that provides access to the trading of Contracts for Difference (CFDs) across various global markets, including Forex, Indices, Commodities, and Cryptocurrencies.

It focuses on offering competitive trading conditions like tight spreads and fast execution.

Is globalprime.com regulated?

Yes, Globalprime.com states that it is fully licensed by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

What trading instruments does globalprime.com offer?

Globalprime.com offers CFDs on over 150 global markets, including major, minor, and exotic Forex pairs, stock indices, various commodities (e.g., gold, oil), cryptocurrencies (as CFDs), and bond CFDs. How Does Getsensate.com Work?

What are the main features of globalprime.com?

Key features highlighted by Globalprime.com include spreads from 0.0 pips, $0 minimum account size, $0 deposit fees, 24/7 customer support, and fast trade execution speeds from as low as 10ms.

Does globalprime.com charge deposit fees?

No, Globalprime.com states that it covers all deposit fees across its 20+ funding methods.

Is globalprime.com suitable for beginners?

Globalprime.com offers a $0 minimum account size and a free demo account, which can appeal to beginners.

However, CFD trading is inherently high-risk due to leverage, and a very high percentage of retail traders lose money, making it challenging for inexperienced individuals.

Does globalprime.com offer a demo account?

Yes, Globalprime.com provides a free demo account, allowing users to practice trading with virtual funds before committing real capital. Globalprime.com Review & First Look

How long has globalprime.com been operating?

Globalprime.com states it has been operating for over 13 years, with a claim of serving traders for “15+ years.”

What are the accepted funding methods on globalprime.com?

Globalprime.com supports over 20 instant deposit methods, including popular options like Visa, MasterCard, PayPal, Neteller, and Skrill.

Does globalprime.com have an inactivity fee?

The homepage does not explicitly state an inactivity fee.

Users should refer to their detailed terms and conditions or fee schedule for this information.

Can I trade cryptocurrencies on globalprime.com?

Yes, you can trade Cryptocurrency CFDs on globalprime.com, allowing you to speculate on the price movements of popular digital assets without owning the actual cryptocurrencies. Woodburyhouseart.com Pricing

What is leverage on globalprime.com?

Globalprime.com offers leveraged CFD trading, which means you can control a larger position in the market with a smaller amount of your own capital.

The specific leverage ratios are typically detailed in their trading conditions.

Is CFD trading risky?

Yes, CFD trading is considered extremely high-risk, primarily due to the use of leverage.

A significant majority of retail traders (often 70-89%) lose money when trading CFDs.

What is a “spread” in trading?

The “spread” is the difference between the bid (sell) and ask (buy) price of a financial instrument. It represents a direct cost of trading. Is Jackarcher.com Safe to Use?

Globalprime.com highlights “spreads from 0.0 pips,” typically compensated by commissions.

What are “overnight swaps” or “rollover fees”?

Overnight swaps (also known as rollover fees) are charges or credits applied to CFD positions held open past a certain time (usually 5 PM ET). These are essentially interest payments on the leveraged portion of your trade.

Why is globalprime.com considered problematic in Islamic finance?

Globalprime.com is considered problematic in Islamic finance because its core offering, CFD trading, involves:

1. Riba (Interest): Through overnight swap fees.
2. Gharar (Excessive Uncertainty): Due to its highly speculative and leveraged nature.
3. Maysir (Gambling): As profits are often unearned and derived from mere speculation, resembling a zero-sum game.
   These elements are strictly forbidden in Islam.

Are there any Sharia-compliant options on globalprime.com?

No, Globalprime.com does not advertise or offer any explicitly Sharia-compliant trading accounts or instruments that genuinely eliminate Riba, Gharar, and Maysir.

Who owns globalprime.com?

The WHOIS information for globalprime.com indicates that the domain is registered through Amazon Registrar, Inc.

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Details about the operating entity or ultimate ownership would typically be found in the “About Us” or regulatory disclosures on the website.

What are some ethical alternatives to globalprime.com for Muslims?

Ethical alternatives include platforms offering Sharia-compliant investments like Wahed Invest, Saturna Capital (Amana Funds), Amanah Finance for halal mortgages, and tools like Zoya for screening individual stocks.

Direct investment in real assets or ethical businesses is also an option.

How can I verify globalprime.com’s regulatory status?

You can verify Globalprime.com’s regulatory status by visiting the official websites of the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC) and searching for their license numbers or company names. Superlecdirect.com Review