AustraliaRegulationASIC, VFSC
Min. deposit$0
Leverage1:1 – 1:500
PlatformsMT4, MT5
InstrumentsForex & CFDs
Founded2010
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at Global Prime.
How is this decided and how do I verify it? →Regulation by region
The entity you sign with — and your protection — changes depending on where you live.
United Kingdom
No FCA licenseECN
No FCA → no FSCS; clients routed to offshore entityEuropean Union
No CySEC licenseECN
No CySEC/ESMA → no ICF; routed offshoreUnited States
Not accepted
Doesn't accept US clients or territoriesAustralia
ASIC no compensationECN
FMGP Trading Group Pty Ltd (AFSL 385620) — segregated funds, no compensation schemeRest of the world
Offshore VanuatuECN
Gleneagle Securities Pty Ltd t/a Global Prime FX (VFSC 40256) — offshore, A-book but no compensationAll licenses
Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).
Account types
Standardspread-based, no commission, from ~0.9 pip; 150+ markets MT4/MT5
Raw/ECNraw from 0.0 pip + commission $3.50/side ($7 round-turn)
Pros
✓Transparent operation
✓Good reputation
✓Competitive costs
Cons
✗Outside your region, offshore entity
✗Very high leverage (more risk)
Breakdown by axis
The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.
Regulation: Tier-1 + offshore14/22 pts
Why: ASIC AFSL 385620 (AU); rest of the world via Gleneagle Securities (Vanuatu) = offshore. No FCA/CySEC, but somewhat respected in its niche
Withdrawals / payments: Isolated complaints10/20 pts
Why: clean, no internal fees, same-day withdrawals; isolated complaints only about crypto timing
Fund safety: Segregated (no compensation)8/15 pts
Why: segregated at tier-1 banks; ASIC negative balance; the offshore entity has no compensation
Transparency: Clear10/10 pts
Why: EDGE: issues a receipt for each trade showing the bank/LP that executed it = real proof of A-book (doesn't trade against you)
Reputation: Strong10/10 pts
Why: founded 2010; Trustpilot ~4.6, highly respected among EA traders for execution transparency
Costs: Competitive8/8 pts
Why: Raw EURUSD ~0.06 pip + $7 round-turn; min $0
Sources
Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.
🔗 ASIC AFS Licensee — FMGP Trading Group (AFSL 385620)🔗 Global Prime legal documentation (VFSC 40256)🔗 Global Prime — About UsTrader reviews
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