This is an archived reading from Sep 18, 2026. It is not the current one, and Global Prime may have changed these documents since.Read the current report

Wikilix
Contract reading

What Global Prime legally published, but does not want you to read

Every clause below was published by Global Prime itself, on its own website, on the day we read it. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. This is what they said on .

Contracting entity: Gleneagle Securities Pty Limited

sole discretionhidden feeprofit voidingwithdrawalsaccount suspensionforum waiverkyc freezetrade cancellationunilateral amendmentbonus lock

The website leads with an Australian licence, but your contract is with Gleneagle Securities Pty Limited, a Vanuatu company, under Vanuatu law. It lets Global Prime call scalping, heavy leverage or your own mistake a default, then unwind your trades at a price and date it picks. Your money in the pooled account can cover what other clients' trades cost the firm, and it stops being yours once used. You get 45 days to take a dispute outside Global Prime, and that deadline sits in neither document you sign.

Back to Global Prime

Contract risk

Money at risk
7.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
7
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
21
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
7
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
3

How the 21 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical7
Warning12
Notice2

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

2 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical13Profit at risk. Jump to the clause this comes from.Scalping and heavy leverage are listed as default eventsCritical45 daysTime to complain. Jump to the clause this comes from.45 days to take a complaint outside Global Prime25%Fee you were not shown. Jump to the clause this comes from.Overnight financing can run to 25% a year10 daysAccount limit. Jump to the clause this comes from.Terms change 10 days after a website post

What the documents say

21 clauses worth knowing about, worst first, each quoted from Global Prime's own files

01

Global Prime decides on its own whether something you did counts as a Default Event. The list under wilful misconduct runs to 13 items and includes scalping, using excessive leverage, and risking your equity in one large trade. Negligence and plain mistake sit on the same list.

Why this matters

Once Global Prime calls it a default, clause 29.3 lets it unwind or reverse your open trades. It also picks the date they are valued and the method used. Your profit goes with that.

Exhibit 1CriticalHarder than usual13

which in Global Prime's sole discretion, are deemed as being: a) negligence; b) mistake; c) wilful misconduct including:
Clause 1.1 in Financial Product Service Terms VFSC, p.1
Read from the broker's site on Open the reference
  • Same clause as Exhibit 10The same definition that catches your trading style also catches who you share a connection with.
02

Money you pay in is pooled with other clients' money. Clause 23.3 lets Global Prime use that pool to meet obligations it takes on to a liquidity provider when you and other clients place trades. Clause 23.4 then says the money it uses no longer belongs to you.

In plain words

Liquidity providers are outside banks and brokers.

Why this matters

Your balance can be spent on liabilities somebody else's trading created. Once it is spent you are an unsecured creditor of Gleneagle Securities Pty Limited, not the owner of that cash.

Exhibit 2CriticalHarder than usual

Obligations may include an obligation to make payments to a liquidity provider in connection with liabilities Global Prime incurs when the Client and other clients place Contracts with Global Prime.
Clause 23.3 in Financial Product Service Terms VFSC, p.17
Read from the broker's site on Open the reference
Set against a regulated standard: ASIC (Australia), FCA (UK)

Firms licensed by ASIC in Australia cannot use a retail client's derivative money to hedge or to meet their own obligations, and FCA rules require client money to be held in trust and kept off the firm's own book. This contract lets Global Prime use pooled client money for its own obligations, and says the money then stops being yours.

Global Prime is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 7Your cash can fund the hedge, and what the hedge returns is also the ceiling on what Global Prime owes you.
03

The complaint policy gives you 45 days from the day the dispute arises to file with the Financial Commission. Global Prime allows itself 30 of those days to answer you first. That deadline appears in neither the service terms nor the disclosure statement.

Why this matters

A slow internal answer eats most of your window. Miss the 45 days and the only route left is a court in Vanuatu.

Exhibit 4CriticalHarder than usual45 days

If your compliant is filed with The Financial Commission, it must be done so within 45 days of the dispute arising with us.
Clause Step 2 in Complaint Handling Policy, p.1
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA must give a retail client access to the Financial Ombudsman Service, and the client normally has six months from the firm's final response to go there. Global Prime points you to a private industry body instead, on a clock counted from the dispute rather than from its reply.

Global Prime is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Step 1You raise the dispute with Global Prime customer support.Step 1
Within 30 daysGlobal Prime gives you a written response to the dispute.Step 1
Within 45 daysYou must have filed with the Financial Commission, counted from when the dispute arose.Step 2
Five business daysThe Financial Commission checks whether the complaint is valid.Step 3
04

Global Prime can decide that a price, a quote or a delay was a Material Error and adjust the trade to correct it. The definition covers its own error, its liquidity provider's error and quoting delays. It owes you nothing for what the correction costs you.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Why this matters

A winning trade filled on a price Global Prime later calls wrong can be adjusted against you. Benefiting from that same error is itself on the default list, so your profit and your account are both exposed.

Exhibit 5CriticalHarder than usual

Material Error means a liquidity provider, Hedge Counterparty or Global Prime error, a software error, a typographical error, an off-market price or obvious mistake in a Contract, Underlying Instrument, quote or indication and includes quoting delays.
Clause 1.1 in Financial Product Service Terms VFSC, p.4
Read from the broker's site on Open the reference
  • Worse together with Exhibit 1Global Prime declares the error, and the client who gained from it is in default, so one event gives it both the adjustment and the penalty.
05

Two clauses in the same section say opposite things about trades you already hold. Clause 32.2 protects them. The clause after it lets Global Prime end the terms at its sole discretion and be relieved of any obligation arising out of contracts already entered into.

Why this matters

Your open positions are the contracts that second clause releases. One of its triggers is the firm Global Prime hedges with closing or suspending the matching contract, which is nothing you did.

Exhibit 6CriticalRarely seen

The termination of these Terms shall not affect any Contract previously entered into and shall not relieve either party of any outstanding obligations arising under these Terms
Clause 32.2 in Financial Product Service Terms VFSC, p.22
Read from the broker's site on Open the reference

Our readingAlmost every client agreement protects trades already entered into when the contract ends. This one carries both the protection and its opposite, and says nothing about which wins.

06

The rate Global Prime charges to hold a position overnight is a market reference rate plus a markup, capped at 25%. That cap sits in the glossary, on page 32 of a 37 page disclosure statement. The service terms add that the charge need not appear on your statement.

Why this matters

A position held for months can be drained by financing you were never quoted. The contract says the rate is set at Global Prime's absolute discretion and that you might have no prior notice of it.

Exhibit 3WarningHarder than usual25%

In the absence of any valid nomination, when you hold a long Equity CFD, Cryptocurrency Contract and Index position overnight, the Finance Rate for a Finance Charge Adjustment debited to your Account (or Trading Accounts) is the prevailing suitable inter-bank overnight reference offer rate plus a mark-up, up to a maximum of 25%.
Clause 7.1 in Product Disclosure Statement (PDS) VFSC, p.32
Read from the broker's site on Open the reference

What it costsAt 25% a year, a $10,000 position costs $2,500 in financing over twelve months.

Nothing in the contract says when Global Prime must pay you

No clause in Global Prime's service terms or disclosure statement sets a deadline for a withdrawal, and clause 29.5 removes its liability for any loss a delay causes. Clause 23.3 lets the pooled client account fund obligations that other clients' trades create. Clause 3.16 of the disclosure statement caps what Global Prime owes you at what it recovers from the firm it hedges with.

Getting paid2 clauses flagged

Global Prime caps what it owes you at whatever it actually recovers from the firm it hedges with. If that firm fails, pays late or is expensive to chase, your claim shrinks with it. You cannot make Global Prime pursue the money.

Why this matters

A profit on your screen is not a promise of payment. It depends on a company you never chose, whose name you are not told, and against which you have no claim of your own.

Exhibit 7CriticalRarely seen

Global Prime limits its liability to you (as a Client) under the terms of the Global Prime Products by the extent to which Global Prime actually recovers against its Hedge Counterparty, and allocates the proceeds to your Global Prime Products.
Clause 3.16 in Product Disclosure Statement (PDS) VFSC, p.23
Read from the broker's site on Open the reference

Our readingLimited recourse is a wholesale structuring device. In a retail trading contract it turns the broker's debt to you into a share of whatever a third party pays the broker.

Nothing in the service terms or the disclosure statement says how long Global Prime has to pay a withdrawal. Clause 29.5 removes its liability for any loss caused by a delay in funds reaching your account. The money laundering clause also lets it delay, block or refuse a payment with no time limit.

Why this matters

A withdrawal that stalls breaks no deadline, because there is no deadline. The processing times on the payments page are not in anything you sign.

Exhibit 9WarningHarder than usual

However, Global Prime shall not be liable under any circumstances for any direct, indirect or consequential loss (including any loss of profits) incurred as a result of a delay in funds reaching your nominated account.
Clause 29.5 in Financial Product Service Terms VFSC, p.19
Read from the broker's site on Open the reference

Four routes to unwinding a trade you already made

Global Prime can treat scalping, excessive leverage or a mistake as a default, then unwind your positions. It chooses the date and the method used to value them. It can call its own quote a Material Error and adjust the trade, owing you nothing. One clause in the termination section releases it from contracts you already hold.

Voiding trades1 clause flagged

Global Prime can suspend your access to the platform at any time, without notice and for any reason. One line of that clause says you can still close your open positions. The next lets Global Prime close them at prices it considers fair, and has you agree not to claim.

Why this matters

You lose the screen and the exit in the same moment. The price your trade closes at is chosen by the firm on the other side of it, and the clause takes your objection with it.

Exhibit 8CriticalHarder than usual

Global Prime may, at its sole discretion (without or without notice), close out your Open Positions at prices it considers fair and reasonable at that time, and you agree not to make any claim against Global Prime in this regard.
Clause 8.1 in Financial Product Service Terms VFSC, p.10
Read from the broker's site on Open the reference

The costs that are not on the pricing page

Global Prime can add up to 25% a year to the rate you pay to hold a position overnight. That cap sits in the glossary of its 37 page disclosure statement. Currency conversion can cost 1.00% of a trade's full face value. The service terms also name a royalty, a platform charge and an administration fee for Islamic accounts, with no price on any of them.

Cost disclosure2 clauses flagged

Converting a trade denominated in another currency costs you up to 1.00% of its full face value, not 1% of your profit. The disclosure statement sets the cap at 100 basis points and takes it out of your realised result.

Why this matters

Face value is the whole position, not the margin you paid. A charge priced on the position can cost more than the trade made.

Exhibit 13WarningHarder than usual1%

The conversion cost charged is up to a maximum of 100 basis points (1.00%) of the Transaction's full face value being converted and is adjusted in the realised profit or loss.
Clause 5.5 in Product Disclosure Statement (PDS) VFSC, p.30
Read from the broker's site on Open the reference

What it costsAt the cap, converting $10,000 of face value costs $100.

Swap free and Islamic accounts pay an administration fee, and the disclosure statement gives no amount and no timing for it. The service terms add a royalty on the prices you see and a monthly platform charge, both unpriced. Global Prime can also add new fees on notice.

In plain words

Indemnities are money it says you owe it.

Why this matters

You agree to costs before anybody tells you what they are. Clause 22.7 goes further and bills you for Global Prime's own legal advisers on a full indemnity basis.

Exhibit 14WarningHarder than usual

You will incur an Administration fee when using a Swap Free or Islamic Account when holding transactions for a period of time. The charge amount and the time interval for each admin charge will vary based on the instrument.
Clause 5.7 in Product Disclosure Statement (PDS) VFSC, p.30
Read from the broker's site on Open the reference

The referral reward is paid late and can be taken back

Global Prime pays a referral reward after a 30 day holding period, and only once it confirms the conditions were met. It can revoke the offer from anybody it judges to have abused the spirit of it. It can also change or withdraw the whole promotion without notice and without liability.

Referral offer1 clause flagged

A referral reward reaches you only after a 30 day holding period, once Global Prime confirms the trading and deposit conditions were met. It can revoke the promotion from anybody it judges to have abused the spirit of it.

Why this matters

You can do everything the offer asks and still get nothing, on a judgement the terms never define. Global Prime can also withdraw the whole promotion at any time without notice.

Exhibit 19WarningStandard wording30 days

Global Prime reserves the right, in its absolute discretion, to revoke or withdraw this Promotion, together with any obligations arising therefrom, from any participant who, in the judgment of Global Prime, has abused or sought to abuse the spirit or intent of the Promotion.
Clause 7.2 in GP VFSC Refer a Friend Offer Terms and Conditions
Downloaded from the broker's site on Open the reference

What Global Prime can change while you are trading

Global Prime can amend the terms and bind you 10 days after posting the change on its website. Sharing a connection with another client, or communicating with one, is on its list of wilful misconduct. Losses are not capped at your deposit, and the disclosure statement says your liability can be unlimited.

Control of the account3 clauses flagged

Trading from the same electronic identification point as another client is on Global Prime's list of wilful misconduct. So is communicating with other clients. Either one can be treated as a default at its sole discretion.

Why this matters

Two people in one house, an office, or a group chat about a trade idea all fit the wording. A default lets Global Prime close your positions and suspend your account.

Exhibit 10WarningRarely seen

12) same electronic identification point with other Clients or communication with other Clients;
Clause 1.1 in Financial Product Service Terms VFSC, p.2
Read from the broker's site on Open the reference

Our readingBrokers commonly limit one account per person. Naming contact between clients as wilful misconduct goes further and catches conduct that has nothing to do with your account.

Global Prime can amend the terms at any time. You are bound 10 days after it posts the change on its website, whether or not you saw it. A notice put on the website counts as given to you 3 days after it goes up.

Why this matters

The agreement you read at sign up can be a different agreement a fortnight later. Checking the website yourself is the only way you find out.

Exhibit 15WarningHarder than usual10 days

You agree to be bound by the terms of such an amendment on the earlier of: a) ten Days after Global Prime has posted Notice of the amendment on the Global Prime Website;
Clause 33.1 in Financial Product Service Terms VFSC, p.22
Read from the broker's site on Open the reference

Losses on these products can pass the money in your account, and Global Prime can ask you to pay the shortfall. The disclosure statement says your liability can be unlimited, and it says so on its first page under the heading Your Liability.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A fast move against a leveraged position can leave you owing Gleneagle Securities Pty Limited money you never deposited. There is no negative balance protection here, so no promise to write that debt off.

Exhibit 16WarningHarder than usual

Your potential liability is not limited to the amount you pay or we keep in the Global Prime Trust Account. We may ask you to pay amounts in excess of those amounts to cover any shortfall. Your liability on Global Prime Products can be unlimited.
Clause 1.2 in Product Disclosure Statement (PDS) VFSC, p.1
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), ASIC (Australia), ESMA (EU)

Firms licensed by the FCA and ASIC, and firms following the ESMA measures, must give retail clients negative balance protection so a client cannot lose more than the money in the account. This contract says the opposite and keeps you liable for the shortfall.

Global Prime is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Vanuatu courts, and a contract that cites two legal systems

Global Prime's service terms are governed by the law of Vanuatu and send disputes to the courts of Vanuatu. The same document defines Applicable Laws as the law of Australia. The contract never says which one governs the rights you are left with.

Law and forum1 clause flagged

The service terms are governed by the law of Vanuatu and send disputes to the courts of Vanuatu. The same document defines Applicable Laws as the law of Australia. Two clauses in one contract point at two different legal systems.

Why this matters

Suing Gleneagle Securities Pty Limited means doing it in Vanuatu. Which law your rights come from is left unsettled by the contract itself.

Exhibit 18WarningStandard wording

These Terms are governed by and construed in accordance with the laws in force in Republic of Vanuatu and the parties submit to the non-exclusive jurisdiction of the courts of the Republic of Vanuatu.
Clause 36.3 in Financial Product Service Terms VFSC, p.23
Read from the broker's site on Open the reference

The privacy policy does not cover the file you hand over

Global Prime's only privacy document is about website visitors, cookies and blog comments. It sets no retention period for the passport and bank records you must give to open an account. It also reserves the right to publish a request you send in, and lists user information as an asset in a sale.

Your documents1 clause flagged

The only privacy document Global Prime publishes is about website visitors, cookies and blog comments. It sets no retention period for the identity and banking records you must give to open an account, and no way to ask for them back. It also reserves the right to publish a request you send in.

Why this matters

Your passport scan and bank statements sit outside the one document that explains what happens to your data. If the company is sold or fails, that file is named as an asset that transfers.

Exhibit 17WarningHarder than usual

It is Gleneagle's policy to respect your privacy regarding any information we may collect while operating our websites.
Quoted in Privacy Policy VFSC, p.1
Read from the broker's site on Open the reference

Global Prime is your counterparty and sets your price

Global Prime deals as principal, makes the market in its own products and sets the spread you pay. Its disclosure statement calls this an automatic risk of actual conflicts of interest. It can also decline your order without giving a reason and without telling you the trade was never created.

Who is on the other side2 clauses flagged

Clicking buy does not create a trade. Global Prime has a discretionary right to create the contract, and if it declines it does not have to give you a reason or tell you the trade was never made.

Why this matters

You can believe you are in the market when you are not. By the time you check the platform, the move you traded for may be over.

Exhibit 11WarningHarder than usual

If Global Prime declines to exercise the right to create a Contract, Global Prime shall not be obliged to: a) give a reason for declining; or b) notify you that Global Prime has not created a Contract with you.
Clause 7.5 in Financial Product Service Terms VFSC, p.9
Read from the broker's site on Open the reference
Our own capture of globalprime.com, taken on Sep 18, 2026The claim, on Account Types page, Low Latency feature cardThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Global Prime deals with you as principal, makes the market in its own products and sets the spread. It states plainly that it does not act as your agent to find you the best price. It also earns by dealing with other people at rates different from yours.

Why this matters

The company quoting your entry and your exit is the company on the other side of the trade. Its own disclosure statement calls that an automatic risk of actual conflicts of interest.

Exhibit 12WarningStandard wording

Trading with Global Prime for its Global Prime Products carries an automatic risk of actual conflicts of interests because Global Prime is acting as principal in its Global Prime Products with you and Global Prime sets the price of the Global Prime Products.
Clause 4.2 in Product Disclosure Statement (PDS) VFSC, p.28
Read from the broker's site on Open the reference

No dormancy fee, and one clause about idle accounts

Global Prime charges nothing for leaving an account idle, which puts it ahead of many brokers. One clause lets it decide your account has been inactive for a reasonably long period and send the balance to your bank. The contract sets no period and does not define the terms that clause uses.

In plain words

Dormancy means an account left unused.

Dormant accounts1 clause flagged

Nothing in these documents charges you for leaving an account idle. Clause 24.5 lets Global Prime decide your account has been inactive for a reasonably long period and send the balance to your bank. The contract never says how long that period is.

Why this matters

Your balance can go back to a bank account you no longer use, on timing only Global Prime judges. No fee is attached, which puts Global Prime ahead of many brokers here.

Exhibit 20NoticeStandard wording

If Global Prime determines that your Account has been inactive for a reasonably long period, you authorise Global Prime to withdraw any Withdrawal Funds from the Client Moneys Trust Account to be paid into your nominated bank account.
Clause 24.5 in Financial Product Service Terms VFSC, p.17
Read from the broker's site on Open the reference

The documents are issued by the Vanuatu company

Every legal document Global Prime publishes is issued by Gleneagle Securities Pty Limited, Company Number 40256, a Vanuatu company regulated by the Vanuatu Financial Services Commission. The Australian licence named on the regulation page belongs to FMGP Trading Group Pty Ltd, which operates the website. Global Prime's own entity table names no compensation scheme for the Vanuatu entity.

Who signs1 clause flagged

Every document on the legal page is issued by Gleneagle Securities Pty Limited, Company Number 40256, incorporated in Vanuatu and regulated there. The Australian licence named on the regulation page belongs to FMGP Trading Group Pty Ltd, which operates the website.

Why this matters

The protections you are counting on follow the entity that signs, not the brand on the page. Global Prime's own entity table names no compensation scheme for the Vanuatu company.

Exhibit 21NoticeStandard wording

This Product Disclosure Statement (PDS) is dated 28 February 2023 and was prepared by Gleneagle Securities Pty Limited Company Number 40256, incorporated in Vanuatu and regulated by the Vanuatu Financial Services Commission (VFSC) as a authorised securities dealer, trading as Global Prime (Global Prime), as the issuer
Clause 1.1 in Product Disclosure Statement (PDS) VFSC, p.1
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The about us page says the conflict is out of the equation, while the disclosure statement calls it automatic and actual.

Said in public, in English

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.

About Us page, under the heading Why should I choose Global Prime?

In the contract · clause 4.2

Trading with Global Prime for its Global Prime Products carries an automatic risk of actual conflicts of interests because Global Prime is acting as principal in its Global Prime Products with you and Global Prime sets the price of the Global Prime Products.

02

The fees page ties swap charges to Global Prime's own costs, while the contract sets the rate at its absolute discretion with a markup capped at 25%.

Said in public, in English

Swap charges are released on a daily basis by financial institutions that we work with. They are calculated based on the charges we incur to roll the positions in the market.

Swaps and Fees page, What is a Swap Rate?

In the contract · clause 22.11

k) the rates will be as determined by Global Prime in its absolute discretion and you might not have prior notice of the current rate.

03

The account page sells execution in milliseconds, while the contract lets Global Prime decline the trade without a reason and without telling you.

Said in public, in English

Fast execution speeds from as low as 10ms.

Account Types page, Low Latency feature card

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of globalprime.com

In the contract · clause 7.5

If Global Prime declines to exercise the right to create a Contract, Global Prime shall not be obliged to: a) give a reason for declining; or b) notify you that Global Prime has not created a Contract with you.

The documents this reading is based on

7 files, all published by Global Prime. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Global Prime publishes.

How this reading was done

Every clause above was read out of a document Global Prime publishes itself

This reading was published on .

Documents
4 of 7downloaded from the broker's site, and 4 read in full
Pages opened
26pages walked to find those documents, footer links included
Marketing pages
11public pages set against what the contract says

Who the contract is with

Gleneagle Securities Pty Limited

Every document on Global Prime's legal page is issued by Gleneagle Securities Pty Limited, Company Number 40256. The disclosure statement describes that company as incorporated in Vanuatu and regulated by the Vanuatu Financial Services Commission. It is the company you contract with. FMGP Trading Group Pty Ltd holds the Australian licence named on the regulation page and operates the website. It is not a party to the terms you sign. Those terms are governed by Vanuatu law, and they send disputes to the courts of Vanuatu.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Global Prime publishes more than most brokers. The deposit page says it covers merchant fees of up to 4% on card, PayPal, Skrill and Neteller deposits. It also warns you an international bank wire will likely cost you USD $20 to $30 in fees it does not control. The about us page prints an entity table answering 'Client money can be used for hedging?' with 'Yes', and naming no compensation scheme. Few brokers publish either answer. The disclosure statement says on its first page that your liability can be unlimited, and it shows worked arithmetic for every product it sells.

We could not open the Refer a Friend offer terms from the copy we downloaded. We read parts of it at its published address, and the quotations credited to it come from there. We did not read the joint and corporate account application forms on the same legal page. No earlier version of any of these documents is available, so this is a first reading with nothing to compare against. We read the public documents and the public pages only, not anything shown inside the client portal after sign up.

How to check any of this yourself

Every quote above links to the Global Prime file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Global Prime publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Global Prime on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 18, 2026.

If you represent Global Prime and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Global Prime. Whether its licence is real and current is a separate check on the broker profile.

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