Good
70 out of 100 · 93% checked
Our investigation found it appears legitimate, and its client terms carry high risk, with 8 critical clauses.
We checked Global Prime on 2026-10-23 across its company record, client terms, trading offer and service, and could verify 93% of its record. The score of 70 is what the checked record adds up to; nothing held it down. What would move the score: all-in eurusd cost, instrument breadth, wikilix community. Our published investigation found it appears legitimate, with 16.1 years of track record. Its client terms carry high risk, with 8 critical clauses. Trading EURUSD costs about 0.1 pips all-in, spread and commission together.
Score last calculated 2026/10/23
What Wikilix has recorded about Global Prime: its history, the licences it holds, its trading conditions and its fees.
Global Prime is a CFD and forex brand whose website is owned and operated by FMGP Trading Group Pty Ltd (ABN 74 146 086 017), an Australian company based in South Yarra, Melbourne. The products themselves are issued by Gleneagle Securities Pty Limited, trading as Global Prime FX, a registered Vanuatu company. The site states the business has been operating for more than 16 years and offers over 250 CFD markets across forex, indices, commodities, cryptocurrency and US shares. Trading is on MetaTrader 4 and MetaTrader 5, across two account tiers, with no minimum account size and spreads advertised from 0.0 pips.
Global Prime's website states that the business is licensed in Vanuatu and Australia. Its footer names Gleneagle Securities Pty Limited, trading as Global Prime FX, as a registered Vanuatu company (company number 40256) regulated by the Vanuatu Financial Services Commission, and names FMGP Trading Group Pty Ltd as the owner and operator of the website. The client documents published on the site, including the product disclosure statement and the service terms, are issued by the Vanuatu entity, so a client contracts with that company rather than with the Australian one.
Global Prime states that it is, naming the Vanuatu Financial Services Commission for the company that issues its products and an Australian licence for its local business. What matters for a prospective client is which entity a licence belongs to. The products described across the site are issued from Vanuatu, and the client money disclosure on the broker's own funding page states that no compensation scheme stands behind that offering.
Two companies sit behind the brand. FMGP Trading Group Pty Ltd, ACN 146 086 017 and ABN 74 146 086 017, holds the Global Prime trading name and owns and operates globalprime.com from Level 10, 627 Chapel St, South Yarra 3141, Australia. That company registration was confirmed on the ASIC Connect company register on 15 October 2026, which records the company as incorporated on 31 August 2010; a company registration shows that a company exists and is not a financial licence. Gleneagle Securities Pty Limited, company number 40256, is the Vanuatu company that issues the products and that appears as the contracting party in the legal documents. Anyone comparing the Australian branding on the site with the paperwork they are asked to sign should check which of the two names is on it.
That depends on which entity a client deals with, and the broker's own disclosures are the place to start. Client money is held in segregated client trust accounts with National Australia Bank, which the funding page states. The same disclosure states that there is no compensation scheme and that client money can be used for hedging. Most international clients deal with a company incorporated in Vanuatu rather than with the Australian company named in the branding. Those facts, rather than the length of the brand's history, are what a prospective client should weigh.
Two live tiers are offered and they differ only in pricing. Standard quotes spreads from 0.9 pips with no forex commission, and Raw quotes spreads from 0.0 pips with a commission of 3.5 US dollars per side, which is 7 US dollars per standard lot round turn. Everything else is shared: no minimum deposit, a minimum trade of 0.01 lots, a maximum of 1000 lots, and a 20 per cent stop out. Hedging and Expert Advisors are permitted on both tiers, and the accounts page also permits scalping, although the Vanuatu service terms list scalping among the default events that allow Global Prime to close open positions or terminate the agreement. Accounts can be denominated in USD, AUD, GBP, EUR, CAD, SGD or JPY, and a free demo account is available. A Pro classification also exists, but the broker states it changes only the leverage available, not the trading conditions.
The advertised 0.0 pips belongs to the Raw tier; Standard starts at 0.9 pips and carries no forex commission. Raw commission is charged in the account currency, at 7 USD, 7 AUD, 9 CAD, 9.50 SGD, 5.40 GBP or 6.20 EUR per standard lot round turn. The broker's FAQ adds that commission applies to forex, metals and cryptocurrency, at 0.1 per cent per crypto trade, and not to oil, commodities or index instruments, so the Standard tier's zero commission describes its forex pricing rather than every instrument. Three further costs are named in the legal documents without being priced on the website: a currency conversion cost of up to 1.00 per cent of a transaction's face value, an overnight finance charge on positions held past the daily rollover, and an administration fee on a swap free or Islamic account that varies by instrument and holding period.
The broker's own pages give two different answers. The homepage advertises leverage adjustable between 1:30 and 1:1000, with a stated maximum of 1:1000, while the MetaTrader 5 page advertises up to 1:30 for retail clients and up to 1:500 for Pro clients. The FAQ explains part of the gap by saying leverage is determined by the Global Prime entity a client registers with, and that only Vanuatu or Pro clients can change it from the client portal.
MetaTrader 4 and MetaTrader 5 are both offered as branded builds. Each runs as a Windows terminal, on Mac, in the browser and as iOS and Android apps, and the MT5 build adds Linux. MT5 is the platform the broker promotes for US share CFDs and depth of market. TradingView is named on the platforms page as a platform the broker intends to introduce, not as one available now.
The funding page publishes seventeen channels. Crypto, PayPal, Neteller, Skrill, DragonPay, bank wire, Interac and Jetonbank work in both directions. Apple Pay, Visa, MasterCard, FasaPay, Pix, PayID and XPay appear only as deposit channels on the current page, and MiFinity and a local bank transfer only as withdrawal channels. The broker states it charges no deposit or withdrawal fees and that it covers the merchant fees on card and wallet deposits, in some cases up to 4 per cent. Minimums are 10 US dollars or the equivalent, with two exceptions: 1 Australian dollar through PayID, and 30 US dollars for a bank wire withdrawal. Most withdrawals are stated to complete within hours, with requests submitted before 10 AM AEST processed the same day, while a bank wire takes 3 to 5 business days. Where funds are deposited and then withdrawn with little or no trading, the broker reserves the right to charge the merchant fees back to the account.
Support is advertised around the clock, through live chat, email at support@globalprime.com and telephone on +61 2 8379 3622, in English. The address published on the site is Level 10, 627 Chapel St, South Yarra 3141, Australia.
Global Prime presents a low cost, low friction offering: nothing to deposit to open an account, raw spreads with a transparent per lot commission, two MetaTrader platforms and a wide set of funding channels with fast stated withdrawal times. A client should first confirm which company they are dealing with. The Australian name on the website is not the company that issues the products, and the Vanuatu company that does has no compensation scheme behind it. Anyone resident in a country on the broker's exclusion list, which includes the United States, Japan, New Zealand and Ontario among others, cannot open an account at all.
8 full-page captures of Global Prime's own site, archived so what they said can still be read after the pages change.
We have not confirmed any regulation for Global Prime. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
We have not confirmed any regulation for Global Prime. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
2 account types on record.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| StandardStandard | Not recorded | Not recorded | $0 |
| RawRAW · ECN | Not recorded | Not recorded | $3.5 per side |
Where Global Prime says it will and won't take clients
Confirmed blocked
Named in the broker's own terms
Likely blocked
Reported, not verified against a primary source
Covered by a parent block
Territories a blocked country carries with it
17 ways to fund an account. 15 with no deposit fee. 11 credit instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Apple PayE-WalletDeposit channel only: the withdrawal table does not list Apple Pay. Funds must come from an Apple Pay account in the client's name; Global Prime does not accept third-party payments. Global Prime states it charges no deposit fees, and covers the merchant fees on wallet deposits, in some cases up to 4% of the deposit amount. A conversion cost of up to 1.00% of the transaction's face value applies when converting to the account currency (PDS clause 5.5). Where funds are deposited and then withdrawn with little or no trading, Global Prime reserves the right to charge the applicable merchant fees on withdrawal. Availability varies by country or territory. | Free | Not recorded | USD 10 | Not recordedNot recorded | Instant |
VisaCredit CardDeposits and withdrawals must be from/to a Visa card in the client's name; third-party payments are not accepted. The funding page's current withdrawal table lists no card option: the rule that card withdrawals return to the original payment source for deposits made within the last six months, and the $10 minimum withdrawal, are not restated on that page and could not be confirmed. Global Prime covers the merchant fees on card deposits, in some cases up to 4% of the deposit amount, and states it charges no deposit or withdrawal fees. A chargeback may leave the client responsible for reversed payments and chargeback fees, and a bank may treat a card deposit as a cash advance (PDS clause 5.1). A conversion cost of up to 1.00% of face value applies when converting to the account currency (PDS clause 5.5). Where funds are deposited and then withdrawn with little or no trading, Global Prime reserves the right to charge the applicable merchant fees on withdrawal. | Free | Free | USD 10 | USD 10Not recorded | Instant |
MasterCardCredit CardPrinted as "Master Card" on the funding page. Deposits and withdrawals must be from/to a card in the client's name; third-party payments are not accepted. The funding page's current withdrawal table lists no card option: the rule that card withdrawals return to the original payment source for deposits made within the last six months, and the $10 minimum withdrawal, are not restated on that page and could not be confirmed. Global Prime covers the merchant fees on card deposits, in some cases up to 4% of the deposit amount, and states it charges no deposit or withdrawal fees. A chargeback may leave the client responsible for reversed payments and chargeback fees, and a bank may treat a card deposit as a cash advance (PDS clause 5.1). A conversion cost of up to 1.00% of face value applies when converting to the account currency (PDS clause 5.5). | Free | Free | USD 10 | USD 10Not recorded | Instant |
CryptoCryptocurrencyThe deposit table gives USD and EUR as the processing currencies; the withdrawal table lists BTC, BCH, LTC, ETH (ERC20) and USDT (ERC20). XRP is no longer listed on either table. Use the correct blockchain network and token type to avoid transaction issues. Global Prime states it charges no deposit or withdrawal fees; network fees charged by the blockchain are not Global Prime's. Where funds are deposited and then withdrawn with little or no trading, Global Prime reserves the right to charge the applicable merchant fees on withdrawal. Availability varies by country or territory. | Free | Free | USD 10 | USD 10Not recorded | Instant |
PayPalE-WalletDeposits are accepted in USD, AUD, GBP, EUR, SGD, CAD and JPY; withdrawals in USD, AUD, GBP, EUR and SGD. Funds must be from a PayPal account in the client's name, or a Visa/MasterCard in the client's name. The $10,000 deposit and withdrawal maximums shown here are not restated on the funding page and could not be confirmed. Global Prime covers the merchant fees on PayPal deposits, in some cases up to 4% of the deposit amount, and states it charges no deposit or withdrawal fees. A conversion cost of up to 1.00% of face value applies when converting to the account currency (PDS clause 5.5). Where funds are deposited and then withdrawn with little or no trading, Global Prime reserves the right to charge the applicable merchant fees on withdrawal. | Free | Free | USD 10 | USD 10USD 10,000 | Instant |
NetellerE-WalletNow listed in both the deposit and the withdrawal table. Funds must be from a Neteller account in the client's name; third-party payments are not accepted. Global Prime covers the merchant fees on Neteller deposits, in some cases up to 4% of the deposit amount, and states it charges no deposit or withdrawal fees. A conversion cost of up to 1.00% of face value applies when converting to the account currency (PDS clause 5.5). Where funds are deposited and then withdrawn with little or no trading, Global Prime reserves the right to charge the applicable merchant fees on withdrawal. Availability varies by country or territory. | Free | Free | USD 10 | USD 10Not recorded | Instant |
SkrillE-WalletDeposits are accepted in USD, AUD, GBP, EUR, SGD and JPY; withdrawals in USD, AUD, GBP, EUR and SGD. Funds must be from a Skrill account in the client's name; third-party payments are not accepted. Global Prime covers the merchant fees on Skrill deposits, in some cases up to 4% of the deposit amount, and states it charges no deposit or withdrawal fees. A conversion cost of up to 1.00% of face value applies when converting to the account currency (PDS clause 5.5). Where funds are deposited and then withdrawn with little or no trading, Global Prime reserves the right to charge the applicable merchant fees on withdrawal. | Free | Free | USD 10 | USD 10Not recorded | Instant |
DragonPayOtherA Philippine peso (PHP) payment gateway, printed as "DragonPay" in the deposit table and "Dragonpay" in the withdrawal table. Deposits are processed in 0 minutes to 3 hours; withdrawals in 1-2 business days, which is the longer time stored here. Global Prime states it charges no deposit or withdrawal fees. Where funds are deposited and then withdrawn with little or no trading, Global Prime reserves the right to charge the applicable merchant fees on withdrawal. Availability varies by country or territory. | Free | Free | USD 10 | USD 10Not recorded | Up to 2 days |
FasaPayE-WalletDeposit channel only: the withdrawal table does not list FasaPay. Processing currencies are USD and IDR. Global Prime states it charges no deposit fees. Where funds are deposited and then withdrawn with little or no trading, Global Prime reserves the right to charge the applicable merchant fees on withdrawal. Availability varies by country or territory. | Free | Not recorded | USD 10 | Not recordedNot recorded | Instant |
PixBank TransferBrazil's instant payment rail, processed in Brazilian real (BRL). Deposit channel only: the withdrawal table does not list Pix. The funding page gives the deposit time as "Within 24 Hours (during working days)", which is slower than the instant settlement Pix is known for. Global Prime states it charges no deposit fees. Availability varies by country or territory. | Free | Not recorded | USD 10 | Not recordedNot recorded | Up to 24 hours |
Bank Wire TransferWire TransferListed as "Bank Wire" in the deposit table (3 to 5 business days, from $10 USD equivalent, in USD, AUD, GBP, EUR, SGD, CAD or JPY) and "Bank Wire Transfer" in the withdrawal table (3-5 business days, from $30 USD equivalent, in USD, AUD, GBP, EUR or SGD). Withdrawal requests submitted before 10 AM AEST / 11 AM AEDT are processed the same day, otherwise the next business day; the broker's prose says a wire usually takes a couple of business days to complete. The $30 minimum is set to absorb intermediary bank charges. Transfers from Australia to the Australian account incur no fee, but international transfers may be charged by the sending, receiving or intermediary banks, typically USD 20 to 30; those charges are the client's liability (Financial Product Service Terms clause 20.1) and bank charges imposed on Global Prime to clear funds are passed to the client's account (PDS clause 5.6). Global Prime itself states it charges no deposit or withdrawal fees. It accepts no liability for delays in funds reaching the nominated account (clause 29.5) and may delay, block or refuse a payment on legal grounds (clause 28.2). | Free | Free | USD 10 | USD 30Not recorded | Up to 5 days |
InteracBank TransferCanadian dollar (CAD) rail. Deposits are processed in 0 minutes to 3 hours; withdrawals in 1-3 business days, which is the longer time stored here. Global Prime states it charges no deposit or withdrawal fees. Availability varies by country or territory. | Free | Free | USD 10 | USD 10Not recorded | Up to 3 days |
PayIDBank TransferAustralia's PayID rail, in Australian dollars. The only channel with a minimum below $10 USD equivalent: the funding page states $1 AUD. Deposit channel only: the withdrawal table does not list PayID. Global Prime states it charges no deposit fees. Availability varies by country or territory. | Free | Not recorded | AUD 1 | Not recordedNot recorded | Instant |
JetonbankE-WalletDeposits are accepted in AUD, USD, EUR, GBP, JPY, SGD and CAD; withdrawals in AUD, USD, EUR, GBP and JPY. Global Prime states it charges no deposit or withdrawal fees. Where funds are deposited and then withdrawn with little or no trading, Global Prime reserves the right to charge the applicable merchant fees on withdrawal. Availability varies by country or territory. | Free | Free | USD 10 | USD 10Not recorded | Instant |
XPayOtherA South-East Asian payment gateway processing Thai baht, Indonesian rupiah, Vietnamese dong, Malaysian ringgit and Japanese yen. Deposit channel only: the withdrawal table does not list XPay, though it does list a Local Bank transfer covering THB, IDR, VND and MYR. Global Prime states it charges no deposit fees. Availability varies by country or territory. | Free | Not recorded | USD 10 | Not recordedNot recorded | Up to 3 hours |
Local Bank transferBank TransferWithdrawal channel only: the deposit table does not list a local bank transfer, though XPay covers the same four currencies for deposits. Processing currencies are Thai baht, Indonesian rupiah, Vietnamese dong and Malaysian ringgit. Global Prime states it charges no withdrawal fees. Where funds are deposited and then withdrawn with little or no trading, Global Prime reserves the right to charge the applicable merchant fees on withdrawal. Availability varies by country or territory. | Not recorded | Free | Not recorded | USD 10Not recorded | Up to 2 days |
MiFinityE-WalletWithdrawal channel only: the deposit table does not list MiFinity. The withdrawal table gives the time as "Instantly". Global Prime states it charges no withdrawal fees. Where funds are deposited and then withdrawn with little or no trading, Global Prime reserves the right to charge the applicable merchant fees on withdrawal. Availability varies by country or territory. | Not recorded | Free | Not recorded | USD 10Not recorded | Instant |
2 trading platforms on record: MetaTrader 4 and MetaTrader 5.
Global Prime's MT4 build: a branded Windows terminal, MT4 WebTrader in the browser, plus Mac, iOS and Android. Expert Advisors, scalping and hedging are permitted.
Global Prime's MT5 build: a branded Windows terminal, MT5 WebTrader, plus Mac, Linux, iOS and Android. Adds US share CFDs, depth of market, and netting or hedging.
4 domains on record. All active and served over HTTPS.
2 legal entities behind the Global Prime brand.
The operating company is FMGP TRADING GROUP PTY LTD. Registered in Australia. Registration number ACN 146 086 017 (ABN 74 146 086 017).
3 other brokers on the record share what Global Prime offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about Global Prime
Global Prime advertises more than 250 CFD markets, across forex, indices, commodities, cryptocurrency and US share CFDs. It lists just under 60 forex pairs and 13 cryptocurrency CFDs, and its MetaTrader 5 page advertises more than 100 US share CFDs, more than 15 indices across 12 exchanges and over 20 commodities.
US share CFDs and depth of market are offered on MetaTrader 5 rather than on MetaTrader 4.
Global Prime states that client funds are held in segregated client trust accounts. Its client money disclosure also states that there is no compensation scheme behind the offering, and answers yes to the question of whether client money can be used for hedging.
The product disclosure statement and the service terms published on the broker's site, rather than the website copy, are what set out how client funds are treated.
The website is owned and operated by FMGP Trading Group Pty Ltd, ACN 146 086 017 and ABN 74 146 086 017, an Australian company at Level 10, 627 Chapel St, South Yarra 3141, Australia, which holds the Global Prime trading name. That company registration was confirmed on the ASIC Connect company register on 15 October 2026, which records the company as incorporated on 31 August 2010.
The products are issued by a second company, Gleneagle Securities Pty Limited, trading as Global Prime FX, a registered Vanuatu company with company number 40256. The Vanuatu company is the one named as the contracting party in the product disclosure statement and the service terms, so most international clients deal with it rather than with the Australian company.
No inactivity fee is published. The service terms do allow Global Prime to return the funds in an account it judges to have been inactive for a reasonably long period to your nominated bank account.
Three other costs are named in the legal documents without being priced on the website: a currency conversion cost of up to 1.00 per cent of a transaction's face value, an overnight finance charge on positions held past the daily rollover, and an administration fee on a swap free or Islamic account that varies by instrument and holding period.
The funding page publishes seventeen channels. Crypto, PayPal, Neteller, Skrill, DragonPay, bank wire, Interac and Jetonbank work in both directions; Apple Pay, Visa, MasterCard, FasaPay, Pix, PayID and XPay are listed for deposits only, and MiFinity and a local bank transfer for withdrawals only.
Global Prime states it charges no deposit or withdrawal fees and that it covers the merchant fees on card and wallet deposits, in some cases up to 4 per cent. Payments must come from an account in your own name, since third party payments are not accepted.
The broker's own pages give two figures. Its homepage advertises leverage adjustable between 1:30 and 1:1000, with a stated maximum of 1:1000, while its MetaTrader 5 page advertises up to 1:30 for retail clients and up to 1:500 for Pro clients.
Global Prime's FAQ explains that leverage is determined by the entity you register with, and that only Vanuatu or Pro clients can change it from the client portal.
Two live tiers, Standard and Raw, which differ only in pricing. Standard quotes spreads from 0.9 pips with no forex commission; Raw quotes from 0.0 pips with 3.5 US dollars per side.
Everything else is shared: no minimum deposit, a 0.01 lot minimum trade, a 1000 lot maximum, a 20 per cent stop out, and scalping, hedging and Expert Advisors permitted. Accounts can be held in USD, AUD, GBP, EUR, CAD, SGD or JPY, and a free demo account is available.
The broker states that most withdrawals are completed within hours, with a median of about two hours, and that requests submitted before 10 AM AEST are processed the same day and later ones the next business day. A bank wire takes 3 to 5 business days.
One condition applies throughout: where funds are deposited and then withdrawn with little or no trading, Global Prime reserves the right to charge the merchant fees back to the account. Its terms also state that it accepts no liability for a delay in funds reaching your nominated account.
Yes. Global Prime states on its website that it cannot take clients from Afghanistan, Congo, Iran, Iraq, Myanmar, New Zealand, North Korea, Palestine, Russia, Somalia, Sudan, Syria, Ukraine, Ontario, Yemen, Japan, or the United States and its territories.
The broker also notes that some deposit options may not be available depending on your country or territory.
Global Prime advertises support around the clock, every day, through live chat, email at support@globalprime.com and telephone on +61 2 8379 3622. Support is offered in English.
The broker also publishes a FAQ section at and maintains accounts on Facebook, X, Instagram and YouTube.
It depends on the account. The Standard account quotes spreads from 0.9 pips with no forex commission, while the Raw account quotes spreads from 0.0 pips and charges 3.5 US dollars per side, which is 7 US dollars per standard lot round turn.
Raw commission is billed in the account currency, at 7 USD, 7 AUD, 9 CAD, 9.50 SGD, 5.40 GBP or 6.20 EUR per lot round turn. The broker's own FAQ adds that commission applies to forex, metals and cryptocurrency, at 0.1 per cent per crypto trade, and not to oil, commodities or index instruments.
There is no minimum. Global Prime states it has zero minimum deposit requirements, so an account can be opened and funded with any amount.
The funding channels set their own floors: most require 10 US dollars or the equivalent, PayID accepts from 1 Australian dollar, and a bank wire withdrawal starts at 30 US dollars.
Global Prime offers MetaTrader 4 and MetaTrader 5 as branded builds. Both run as a Windows terminal, on Mac, in the browser and as iOS and Android apps, and MetaTrader 5 adds Linux, along with depth of market and US share CFDs.
Expert Advisors and hedging are permitted on both, and the accounts page also permits scalping, although the Vanuatu service terms list scalping among the default events that allow Global Prime to close open positions. TradingView appears on the platforms page as a platform the broker intends to introduce, not as one available now.
Global Prime states on its website that it is licensed in Vanuatu and Australia. Its footer names Gleneagle Securities Pty Limited, trading as Global Prime FX, as a registered Vanuatu company (company number 40256) regulated by the Vanuatu Financial Services Commission, and names FMGP Trading Group Pty Ltd as the owner and operator of the website.
The products described on the site are issued by the Vanuatu company, so that is the entity a client contracts with. The broker's own client money disclosure states that no compensation scheme stands behind that offering.
Comments
Share your thoughts and experiences with Global Prime