Recalculated 2026-11-02 · Established 2010 · Gleneagle Securities Pty Ltd
Global Prime — South Africa
Global Prime is rated 3.39 out of 5 by our formula (Rank #25 of 70) for traders in South Africa: round turn 7 USD, residents accepted — Through an offshore entity.
Suits you if you can open with 0 USD · a swap-free account is available · it runs 4 trading platforms
Look elsewhere if it holds no licence issued in South Africa · you are onboarded by an offshore entity, not a local one
Key facts (8)
- Who actually onboards you
- Gleneagle Securities Pty Ltd
- Licence number
- 40256
- Established
- 2010
- Min deposit, USD
- 0 USD
- Platforms
- MT4 · MT5 · TraderEvolution · TradingView
- Local funding
- Cards, bank wire, Skrill, Neteller, PayPal, cryp
- Max leverage
- 500geo
- EURUSD
- 0.9 pipsgroup
Accounts (2)
2 of 2 accounts with a published cost per lot
2 of 2 shown
Click a column heading to sort. Figures are list terms, no promo codes.
| Broker · account | Min deposit, USD | Spread | Commission | Cost per lot | Swap-free |
|---|---|---|---|---|---|
| Global PrimeStandard | 0 | 0.9advertised | Anyper standard lot | 9round turn, USD | — |
| Global PrimeRaw | 0 | 0advertised | 7per standard lot | 7round turn, USD | — |
This broker against the South Africa middle (81 of 104)
| Global Prime | South Africa median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | 0 USD | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | under 2 hoursgroup | 24.0 h |
| EURUSD, standard | 0.9 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2010 | 2009.0 |
| Platforms | 4 | 3.0 |
Onboards residents through an offshore entity
Offshore-regulated only; no local FSCA licence. No specific FSCA public warning verified at review.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about Global Prime.
- Who actually onboards you
- Gleneagle Securities Pty Ltd
- Licence number
- 40256
- Local licence
- no
- Checked
- 2026-07-09
Score (6/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:25.0% × 4.00+ 20.0% × 4.50+ 20.0% × 0.50+ 15.0% × 4.92+ 10.0% × 4.00+ 10.0% × 2.50= 3.39
Ranked against brokers measured on every axis
Licence check
- Licence number
- 40256
- Checked
- 2026-07-09
Who actually onboards you
Gleneagle Securities Pty Ltd
Offshore entity
SA clients onboarded under offshore Gleneagle Securities Pty Ltd (Vanuatu), not the ASIC entity.
What each account gives you
Standard and Raw/ECN; min USD 0.
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Min ~USD 10 most methods; deposits fee-free.
What the broker publishes about payouts
Trading software and asset classes (4)
MT4 · MT5 · TraderEvolution · TradingView
150+ markets: FX, indices, commodities, shares, crypto CFDs.
Reviews
Global Prime Reviews 454 - Trustpilot
Where it wins, where it loses
Pros (2)
- Swap-free account available
- Withdrawal published at under 2 hours
Cons (2)
- Round turn 7.0 USD against a South Africa median of 7.0
- No local licence: the client is onboarded by a foreign entity
Where it does not serve
United States, Ontario (Canada), Japan, New Zealand, North Korea, Iran, Iraq, Syria, Russia, Ukraine, Yemen
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (3)
3 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- The broker's own documents
- 1globalprime.comglobalprime.com · domainBroker
- Aggregators and directories
- 2daytrading.com/global-primedaytrading.com · pageAggregator
- 3forexbrokers.comforexbrokers.com · domainAggregator
FAQ (5)
Does Global Prime accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of Global Prime?
Gleneagle Securities Pty Ltd
What licence does Global Prime hold for South Africa?
Licence 40256.
What does one EURUSD lot cost at Global Prime?
7.0 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.
How long does a withdrawal from Global Prime take?
Global Prime publishes under 2 hours. Their own wording: “Most withdrawal methods (excluding bank wire) are typically processed within hours, with many completed in as little as under 2 hours.”.