Two regulation-backed brokers clash on cost and platforms. Global Prime highlights raw spreads and MT4 and cTrader while Spreadex emphasizes UK spread betting and TradingView-based access.
Find out which broker best suits your trader profile.
Choose if…
Choose Global Prime if you want raw spreads from 0.0 pips with a $7/lot commission and MT4 or cTrader access.
Choose if…
Choose Spreadex if you prefer FCA regulation, spread betting on 10,000+ markets, and TradingView charting.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.2/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5 | 4.5 / 5 |
Pros
ASIC regulated with published quarterly execution quality reports
Raw spreads from 0.0 pips with $7 round-turn commission
True NDD execution, no internal position matching
MT4 and cTrader available
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Global Prime | Spreadex |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Fail | Fail |
| Phone support | Fail | Pass |
| Multilingual support | Fail | Fail |
The scores are close: Global Prime rates 4.2/5 and Spreadex rates 4/5. Global Prime has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Global Prime starts from 0 pips, tighter than Spreadex's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Spreadex has no minimum deposit, while Global Prime requires at least $200. This makes Spreadex more accessible for traders with limited starting capital.
Both Global Prime and Spreadex hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Spreadex has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Global Prime lists maximum leverage of 500:1, while Spreadex lists up to 30:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Global Prime charges $7 per lot on commission-based accounts. Commission details for Spreadex are not currently available. Check their website for up-to-date pricing.
Global Prime supports cTrader, MetaTrader 4, while Spreadex supports Proprietary Web/Mobile, TradingView. Global Prime has exclusive access to cTrader and MetaTrader 4. Spreadex has exclusive access to Proprietary Web/Mobile and TradingView.
Global Prime offers tighter spreads from 0.00 pips vs 0.60 pips for Spreadex, reducing trading costs.
Spreadex benefits from FCA regulation plus investor compensation coverage, enhancing safety for some clients.
Global Prime offers raw spreads from 0.0 pips with $7/lot and MT4/cTrader for active traders.
Global Prime is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
Spreadex provides a proprietary platform with TradingView integration for diverse charting options.
Spreadex has a $0 minimum deposit, aiding new traders to start.
Spreadex offers 10,000+ markets, far exceeding Global Prime's 150.
Fees & Spreads 30% weight | 4.6 / 5▲ | 4.2 / 5 |
|---|
Platforms & Tools 20% weight | 4.2 / 5▲ | 4.0 / 5 |
|---|
Customer Support 10% weight | 4.1 / 5 | 4.1 / 5 |
|---|
| Founded | 2010 | 1999 |
|---|
| Headquarters | Sydney, Australia | St Albans, Hertfordshire, United Kingdom |
|---|
| Min Deposit | $200 | No minimum▼ lower |
|---|
| Spreads From | 0 pips▼ lower | 0.6 pips |
|---|
| Commission / lot | $7/lot | N/A |
|---|
| 0.7 pips | N/A |
| Max Leverage | 500:1▲ higher | 30:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardPayPalSkrill | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit card | Bank transferCredit card |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC VFSC | FCA |
|---|
| Platforms | cTrader MetaTrader 4 | Proprietary Web/Mobile TradingView |
|---|
| Active bonuses |
|---|
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
Pros
FCA-regulated (190941) UK spread betting on 10,000+ financial markets
TradingView integration for browser-based charting and order execution
UK capital gains tax-free profits on spread bets under current HMRC rules
Unique dual financial and sports spread betting from one FCA account
No minimum deposit and no commission on spread bets
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
Phone support available
Cons
$200 minimum deposit
Limited product range, forex and major CFD classes only
No proprietary platform or copy trading
No investor compensation scheme
No 24/5 live chat
No phone support
Support available in limited languages
Cons
UK residents only - no international client access
No MT4 or MT5 available
Research tools minimal
Not suitable for traders who need raw ECN execution
No raw spread account option
No MetaTrader support
No 24/5 live chat
Support available in limited languages
Global Prime tops Spreadex on editorial score due to ASIC regulation with published execution quality reports and raw spreads from 0.0 pips.
Dig deeper into each broker’s features, fees, and regulation.
Score 4 / 5
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