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Deposit & Withdrawals

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.

Start Trading

Not quite ready yet? Try a Free Demo Account

$200 Min Deposit
6 Account Currencies
$0 Fee Funding Options
Instant Funding
20+ Deposit Options
10+ Withdrawal Options
It's All About Choice

Deposits

Deposits can be made from inside the Client Portal.

If this is your first time making a deposit please read the following:

  • 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.

Method** Processing Time Min Deposit Currency Restrictions Fees
MasterCard Instant 1 USD, AUD, GBP, EUR, SDG, 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, SDG, 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, SDG, 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, SDG, 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.
AccentPay Instant 25 USD, AUD, GBP, EUR, SDG, CAD 5,000 max per transaction Zero
Before you proceed with a Deposit via Local Bank Wire for MYR, VND, THB and IDR please ensure that all payments are made from an account registered in the same name as your Global Prime trading account.
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.
zotaPay Instant 25 USD, AUD, GBP, EUR, SGD, CAD 5,000/transaction Zero
Before you proceed with a Deposit via Local Bank Wire for MYR, VND, THB, NGN or ZAR, please ensure that all payments are made from an account registered in the same name as your Global Prime trading account.
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 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 fun 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).
PayRetailers Within 24-48 Hours (during working days) 10 USD 5,000 max per transaction Zero
PayRetailers provides multiple local funding methods for the LATAM region. Brazil, Colombia, Argentina and Mexico have deposit methods available. Clients can fund with multiple Cash Pago and Online Pago. For some countries a CPF (Cadastro de Pessoas Fisicas) or RUT (Registro Unico Tributario) will be required in order to process the transaction.
BPay 24 - 48hrs approx 200 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 EFT 1-2 Business Days (Australia)
3-5 Business Days (Intl.)		 200 USD, AUD, GBP, EUR, SDG, 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.

**Fees

  • Deposit facilities are to be used for trading only.
  • Please keep in mind that we cover the merchant fees for Neteller and Credit Card deposits on behalf of our clients - in some cases up to 4% of the deposit amount. We are happy to do so as long as our clients are using the facility to deposit funds to trade with and not to game the system for their own benefit such as reward points on their account.
  • Please keep in mind that there are Foreign Exchange Conversion fees when depositing.
  • If a client deposits funds via Neteller 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.

Third Party Payments

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.

Processing time

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.

Getting Paid

Withdrawals

Withdrawal requests can be done from inside the Client Portal.

If this is your first time making a withdrawal please read the following:

  • Withdrawal request 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.
  • Credit card withdrawal - Only the initial deposit amount can be returned to the credit card. Amounts above this must be returned via bank wire.

If you experience issues withdrawing funds, we are on standby to assist via Live Chat.

Method Processing Time* Min Amount Currency Restrictions Fees
MasterCard 1-10 Business Days 1 USD, AUD, GBP, EUR, SDG, CAD None*** Zero
Visa 1-10 Business Days 1 USD, AUD, GBP, EUR, SDG, CAD None*** Zero
Bank EFT 1-2 Business Days (AU)
3-5 Business Days (Int.)		 50** USD, AUD, GBP, EUR, SDG, CAD None Zero + Intermediary Bank Charges
Neteller Instant once actioned 1 USD, AUD, GBP, EUR, SDG, 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 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.

Protecting Your Assets

Client Money

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 Westpac 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 trading as 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

Frequently Asked Questions

How do I fund my trading account?

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

What is the minimum amount needed to open a trading account?

There is no minimum deposit requirement however we recommend that clients fund 200 AUD or the equivalent in another currency.

How do I withdraw money from my trading account?

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.

What happens to my funds if the bank which holds my funds goes insolvent?

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.

Do I earn interest on the funds I deposit?

No, Global Prime does not pay interests on deposits.