Who is Global Prime?
Global Prime was founded in 2010 to, at the time, mainly service a growing institutional appetite for MT4 Forex trading. In 2011, we opened our doors to retail clients and have never looked back.
In just 12 years, we have grown to service thousands of clients around the world and become the industry's top rated broker*.
Our mission is to continue to democratise access to the world's financial markets. That's why we aim to offer a huge range of products with super low trading costs and no minimum account size.
We Practice Good Governance
The group is in good standing with its regulators; ASIC and VFSC.
Global Prime conducts regular independent external audits of its financial and compliance arrangements to ensure regulatory compliance.
Good Corporate Citizens
We are good corporate citizens and take our obligations as Financial Services Licences holders seriously.
We have no adverse regulatory or judicial findings against us from any financial regulator, government body or court of law.
Licenses & Regulation
Global Prime is authorised to deal in securities, derivatives and foreign exchange contracts, as well as provide general advice to retail and wholesale clients.
Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620.
Gleneagle Securities Pty Limited trading as Global Prime FX is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC.
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 HSBC (Europe's largest bank by total assets, regulated by the UK's FCA and PBR) and National Australia Bank (NAB) (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.
|Contracting Entity||FMGP Trading Group Pty Ltd||Gleneagle Securities Pty Ltd t/a Global Prime FX|
|Does Global Prime offer client money protection under the ASIC Client Money Reporting Rules 2017?||Yes||No|
|Is client money required to be kept in segregated client trust account?||Yes||Yes|
|Client money can be used for hedging?||No||Yes|
|Deposit compensation scheme (limit)||No compensation scheme||No compensation scheme|
|Deposit / withdrawal fees||No fees||No fees|
Why should I choose Global Prime?
We believe that a trader should focus on their trading and not their broker. Our purpose is predicated on ensuring that our interests are aligned with yours. We believe wholeheartedly in the relationship being mutually beneficial and that ultimately, the broker serves the needs of the client above all else. How does this affect your trading? We believe that by taking the conflict of interest that arises from brokers profiting off client losses out of the equation, you can focus on your trading and not your broker. Accordingly, we have made it our mission to create an environment that is conducive to profitable trading as at the end of the day, when you win we win.
Talk to one of our support agents today and learn more about the Global Prime advantage.
When was Global Prime founded?
Global Prime was founded in 2010.
Who regulates Global Prime?
Global Prime is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
Is my money protected?
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 HSBC Bank Australia Limited, an A 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.