Long-term investing

Global Prime Close Account guide

Closing a brokerage account is a routine but detail-heavy task, and long-term investors have more at stake than short-term traders because positions, cost records and transfer paperwork accumulate over years. This page does not describe Global Prime's specific closure procedure, because those details can change and must be confirmed directly with the broker. Instead, it gives you a checklist of the questions to ask and the documents to review before you submit any closure request, so you can avoid stranded balances, lost records or unexpected charges.

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Confirm the closure procedure in Global Prime's own documents

Brokers publish their account closure steps in client agreements, help centre articles or account terms, and these documents are the only reliable source. Before acting, locate the current version of Global Prime's client agreement and any published closure instructions, then confirm the exact steps with support in writing. Ask whether closure is requested through the client portal, by email or by a signed form, and how long the process typically takes. Keep copies of every message so you have a record if anything is disputed later.

Locate the current client agreement and any published closure instructions before starting.
Confirm the required closure method with support and get the answer in writing.
Ask for an expected timeline and note the date you submitted the request.
Save all correspondence and confirmations for your records.

Check open positions, balances and pending items first

A closure request usually cannot complete while positions remain open or funds are still in transit. Review your account for open trades, pending orders, unsettled transactions and any residual cash, including small amounts left from currency conversion or fees. Long-term investors should also confirm whether positions must be closed or whether any transfer option exists, and what that means for their strategy and record keeping. Do not assume any transfer facility is available; verify it directly with Global Prime before relying on it. You can estimate the cost impact of closing positions with the brokerage fee calculator at /tools/brokerage-fee-calculator.

Close or resolve all open positions and pending orders before requesting closure, unless the broker confirms another route.
Sweep residual cash balances, including small conversion leftovers, before the account is closed.
Ask in writing whether any exit, withdrawal or dormancy charges apply and how they are calculated.
Download full statements and trade history first, since access may end after closure.

Plan your records and next steps after closure

Once an account is closed you may lose portal access, so export everything you might need beforehand: annual statements, trade confirmations, deposit and withdrawal records, and any documents relevant to tax reporting in your jurisdiction. Tax treatment depends on your personal circumstances and local rules, so speak to a qualified adviser if you are unsure. If you are moving to a different broker, apply the same verification discipline to the new account before funding it. The checklist approach in Find my broker at /find-my-broker can help you structure that review, and the long-term investing hub at /invest-long-term has related guides.

Export statements, confirmations and transaction history before submitting the closure request.
Keep records for as long as your local tax and reporting rules require.
Verify a replacement broker's terms yourself rather than relying on summaries.
Request written confirmation once Global Prime confirms the account is fully closed.

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FAQ

How do I find out the exact steps to close a Global Prime account?

Check the current client agreement and any closure instructions published by Global Prime, then confirm the process with their support team in writing. Procedures can change, so do not rely on third-party summaries, including this page, for the specific steps.

Are there fees for closing a brokerage account?

Some brokers charge exit, withdrawal or dormancy fees while others do not. This page does not state Global Prime's fee position, because it must be confirmed in their current fee schedule and client agreement. Ask support in writing before you begin, and use the brokerage fee calculator at /tools/brokerage-fee-calculator to estimate related trading costs.

What should I do with my records before closing the account?

Download all statements, trade confirmations and deposit or withdrawal records before you submit the closure request, since portal access may end afterwards. Keep these documents for as long as your local tax and reporting rules require, and consult a qualified adviser about your personal tax situation.