Global Prime enables clients to open accounts and deposit funds in the following 6 base currencies: USD, AUD, GBP, EUR, CAD & SGD. Deposit instantly using our extensive range of options.
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Deposits can be made from inside the Client Portal. Not all deposits made will be reflected in your account immediately. Check your Statement within the Client Portal for current status of deposits. Refer to the Deposit Methods table for more detailed information.
If you experience issues funding, we are on standby to assist via Live Chat.
| ** | Processing Time | Min Deposit | Currency | Restrictions | Fees |
|---|---|---|---|---|---|
| PayPal | Instant | 1 | USD, AUD, GBP, EUR, SGD | 10,000 max per transaction | Zero |
| Funds deposited via PayPal must be from a PayPal account in your name (or a Visa/Mastercard in your name), with funds coming to the same entity as your trading account. There are some countries that are prohibited from using PayPal, clients residing from those countries will be unable to fund via PayPal. | |||||
| MasterCard | Instant | 1 | USD, AUD, GBP, EUR, SGD, CAD | 10,000 max per transaction 50,000 max per 30 days | Zero |
| Funds deposited via MasterCard must be refunded back to the same MasterCard up to the deposit amount, thereafter, profits can only be Bank Wire or Wire transferred to an account from the same entity. E.g Jane Citizen's MasterCard profits will go to Jane Citizen's Bank Account. | |||||
| VISA | Instant | 1 | USD, AUD, GBP, EUR, SGD, CAD | 10,000 max per transaction 50,000 max per 30 days | Zero |
| Funds deposited via VISA must be refunded back to the same VISA up to the deposit amount, thereafter, profits can only be Bank Wire or Wire transferred to an account from the same entity. E.g John Smith's VISA profits will go to John Smith's Bank Account. | |||||
| Neteller | Instant | 5 | USD, AUD, GBP, EUR, SGD, CAD | 10,000 max per transaction | Zero |
| Funds transferred from a Neteller Wallet must be from the same entity, with the email address matching your Global Prime Account email address. Global Prime reserves the right to pass any charges to you for any misuse of service. | |||||
| Skrill | Instant | 5 | USD, AUD, GBP, EUR, SGD, CAD | 10,000 max per transaction | Zero |
| Funds transferred from a Skrill Balance must be from the same entity, with the email adddress matching your Global Prime Account email address. If you choose to fund via Skrill VISA please be advised that this payment option is limited based on georules. Global Prime reserves the right to pass any charges to you for any misuse of service. | |||||
| GATE8 | Instant | 50 | USD, AUD, GBP, EUR, SGD, CAD | 5,000 max per transaction | Zero |
| GATE8 is a MYR funding solution which connects Malaysian clients to their banks to fund their trading accounts with MYR. Transaction times are based on local bank to bank transfers, so once confirmation of the transfer is received, your funds will be available in your requested trading account. When using this method, it's important to make sure that the Reference Number and Exact Amount of funds are sent. | |||||
| DragonPay | Instant | 50 | USD, AUD, GBP, EUR, SGD, CAD | 5,000 max per transaction Restricted to Philippines | Zero |
| Before you proceed with a Deposit via Local Bank Wire for PHP, please ensure that all payments are made from an account registered in the same name as your Global Prime trading account. Please also make sure that your fund using a Philippines IP Address. | |||||
| VNPay | Instant | 5 | USD | 40,000 max per transaction | Zero |
| VNPAY is a APM solution integrated with Vietnamese banks to allow clients to fund via their bank accounts in Vietnam. Clients fund via VND and the funds will be converted to USD. Clients will need to send VND to the designated account along with deposit slips showing the Exact Amount that they have sent. | |||||
| FasaPay | Instant | 1 | USD, AUD, GBP, EUR, SGD, CAD | 10,000/transaction Local Bank Wire Indonesia | Zero |
| Before you proceed with a Deposit via Local Bank Wire for IDR, please ensure that all payments are made from an account registered in the same name as your Global Prime trading account. | |||||
| QR Code (THB) | Instant | 25 | USD, AUD, GBP, EUR, SGD, CAD | 5,000 max per transaction require a QR Code with Local Thai Bank | Zero |
| Before you proceed with a Deposit via Local Bank (QR) for THB, please ensure that all payments are made from an account registered in the same name as your Global Prime trading account. | |||||
| PromptPay | Instant | 5 | USD, GBP, AUD, CAD, EUR, SGD | 40,000 max per transaction | Zero |
| Before you proceed with a Deposit via Local Bank Wire (THB QR), please ensure that all payments are made from an account registered in the same name as your Global Prime trading account. | |||||
| Pagsmile | Within 24 Hours (during working days) | 1 | USD, GBP, AUD, CAD, EUR, SGD | 30,000 max per transaction | Zero |
| Clients can choose to fund via Card, Deposit Express, Boleto or Lottery. Transactions will be posted as soon as confirmation of the transaction has been received by Pagsmile (during working days). | |||||
| BPay | 24 - 48hrs approx | 50 | AUD only | None | Zero |
| Funds transferred via BPAY must be from the same entity as the Global Prime Account. If the information received differs our Support Team will be in contact. Note: BPAY deposits will temporarily require a deposit receipt showing amount deposited and name matching account. | |||||
| POLi | Instant | 1 | AUD only | None | Zero |
| Funds transferred via POLi must be from the same entity as the Global Prime Account. If the information received differs our Support Team will be in contact. Note: POLi deposits will temporarily require a deposit receipt showing amount deposited and name matching account. | |||||
| Bank Wire | 1-2 Business Days (Australia) 3-5 Business Days (Intl.) | 200 | USD, AUD, GBP, EUR, SGD, CAD | None | Zero |
| 1-2 Business Days (Australia) 3-5 Business Days (International) Bank Fees Global Prime does not charge any additional deposit or withdrawal fees. You should note that you may incur fees on International Wires due to Intermediary bank charges - which are out of Global Prime's and your banks control. | |||||
Global Prime does not accept payments from third parties. Please ensure all deposits into your Global Prime trading account come from a bank account in the same name. Payments from a joint bank account will be accepted if the account holder is one of the parties on the bank account.
To avoid any delay, please ensure you include your reference number as this helps us match your funds. To find your reference number please refer to your initial funding instruction email or log into Client Portal.
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Withdrawals can be made from inside the Client Portal. Withdrawal requests submitted before 10 AM AEST/11 AM AEDT (00:00 GMT) will be processed the same day. Any request after will be processed the next business day. Withdrawals usually take a couple of business days. However, there may be delays with your bank which are outside of our control. Bank withdrawal - This can only be returned to a bank account in the same name as your Global Prime trading account. Only the initial deposit amount can be returned to a credit card. Amounts above this must be returned via bank wire.
If you experience issues funding, we are on standby to assist via Live Chat.
| Processing Time* | Min Amount | Currency | Restrictions | Fees | |
|---|---|---|---|---|---|
| MasterCard | 1-10 Business Days | 1 | USD, AUD, GBP, EUR, SGD, CAD | None*** | Zero |
| VISA | 1-10 Business Days | 1 | USD, AUD, GBP, EUR, SGD, CAD | None*** | Zero |
| Bank Wire Transfer | 1-2 Business Days (AU) 3-5 Business Days (Int.) | 50** | USD, AUD, GBP, EUR, SGD, CAD | None | Zero + Intermediary Bank Charges |
| Neteller | Instant once actioned | 1 | USD, AUD, GBP, EUR, SGD, CAD | None*** | Zero |
*Processing time is the expected duration for a withdrawal to be received by the client. All withdrawals submitted on the same day before 10 AM AEST/11 AM AEDT (00:00 GMT) will be submitted out.
**This amount is to take into account intermediary bank charges that can detract from the withdrawal amount.
*** If a client deposits funds via Neteller, PayPal, Skrill or Credit Card and then requests a withdrawal of these funds with no trading (or minimal trading) on their account then we reserve the right to charge the applicable merchant fees to the clients account upon their withdrawal. We will actively notify clients where we find suspicious activity. Recurring cases of abuse will see the clients account immediately closed.
The protection of your money is of paramount importance to Global Prime. All client money is managed in accordance with client money laws and kept separate from company funds. Client money is held in segregated Client Trust Accounts with NAB bank, an AA rated Australian bank regulated by APRA and ASIC.
Every financial services regulator enforces their own unique set of laws, rules and protections around client money. This means the Global Prime entity you are contracted with will determine the statutory protections afforded to your money held with us and what those funds can be used for, detailed below.
Australia | Vanuatu | Seychelles | |
|---|---|---|---|
| Contracting Entity | Global Prime Pty Ltd | Gleneagle Securities PTY Limited t/a Global Prime FX | Global Prime FX Ltd |
| Authorised by | ASIC | VFSC | FSA |
| Does Global Prime offer client money protection under the ASIC Client Money Reporting Rules 2017? | Yes | No | No |
| Is client money required to be kept in segregated client trust account? | Yes | Yes | Yes |
| Client money can be used for hedging? | No | Yes | Yes |
| Deposit compensation scheme? (limit) | No compensation scheme | No compensation scheme | No compensation scheme |
| Customer support | 24/5 | 24/5 | 24/5 |
| Deposit / withdrawal fees | No fees | No fees | No fees |
You can fund your account via the client portal under the ‘Deposit’ tab in the top right corner of the screen.
For more information on our deposit options please go to: https://globalprime.zendesk.com/hc/en-us/sections/900000157706-Deposits-Withdrawals
There is no minimum deposit requirement however we recommend that clients fund 200 AUD or the equivalent in another currency.
You can submit a withdrawal from within the client portal under the withdrawal tab. If the profit is a greater amount then your original funding then it will be bank wired:
For instance if you funded 100 CAD and lost nothing and made 20 CAD profit, then withdrew 120, the initial 100 from the deposit will be credit card refunded and the surplus 20 will be bank wired to you.
Global Prime has several Tier-1 banking partners which hold client money and companies’ assets. All assets are spread across these banking partners to prevent excess exposure to credit risk from any one bank. Global Prime continually reviews the creditworthiness of all of its counterparties to mitigate the risk of loss due to a default and all of Global Prime’s banking partners conform with Basel 1 and 2 capital adequacy requirements.
No, Global Prime does not pay interests on deposits.
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