Global Prime FX enables clients to open accounts and deposit funds in the following 6 base currencies:
Zero fee funding methods
*Global Prime FX does not charge any fees for deposits or withdrawal. However, please note that payment to and from international banks may incur a transfer fee which are independent of Global Prime FX. Global Prime FX does not take responsibility for such fees.
**Deposit facilities are to be used for trading only.
Please keep in mind that we cover the merchant fee’s 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.
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.
Client Money Segregation
Global Prime FX deposits all client funds into a Global Prime Trust Account.
For more information please refer to the Client Moneys section of the Product Disclosure Statement.
Third Party Payments
Global Prime FX does not accept payments from third parties. Please ensure all deposits into your Global Prime FX 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 > Fund via bank wire.
Withdrawal request 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 11:00 AEDT ( 00:00 GMT) will be processed the same day. Any request after will be processed the next business day.
- Withdrawal usually take a couple of business day. 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 FX 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.