Global Prime — where it wins, where it loses
Global Prime wins on no minimum deposit, platform choice. No column in our set puts it behind the field. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
- no minimum deposit
- platform choice
Loses on
No column in this set puts Global Prime behind the field.
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| ASIC | AFSL 385620 | Australia | Tier 1 | FMGP Trading Group Pty Ltd (ABN 74 146 086 017) | globalprime.com |
| VFSC | 40256 | Vanuatu | Tier 3 | Gleneagle Securities Pty Limited, trading as Global Prime FX (company number 40256) | globalprime.com |
Checkable
Facts the comparison runs on
On the record
- Global Prime is a trading name of FMGP Trading Group Pty Ltd, which holds Australian Financial Services Licence 385620 and gives its address as Level 10, 627 Chapel St, South Yarra, Melbourne.
- A separate Vanuatu entity, Gleneagle Securities Pty Limited trading as Global Prime FX, is a registered Vanuatu company (number 40256) regulated by the VFSC.
- Global Prime's site states it cannot accept clients from a list of jurisdictions including New Zealand, Japan, Ontario and the United States.
- The broker markets raw-spread pricing from 0.0 pips with a commission and advertises no minimum deposit.
- Global Prime is known for publishing trade-receipt-style execution evidence to clients; the mechanics of that feature were not verified for this record.
| Trading since | 2010 |
|---|---|
| Base | South Yarra, Melbourne, Australia |
| Minimum to open | None |
| Leverage cap | 1:30 (ASIC retail); higher leverage on the Vanuatu entity |
| EUR/USD | not verified |
| Terminals | MT4, MT5, cTrader, TradingView |
| Account tiers | Standard, Raw |
| Markets | Forex, Indices, Commodities, Metals, Crypto CFDs |
| Record confidence | medium |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- segregatedFunds
- negativeBalanceProtection
- publiclyListed
- spreadEurusd (advertised 'from' figure on the Raw account, not an independently measured average)
- minDeposit (advertised $0 on the broker's Australian site)
- founded (2010 from secondary sources)
- platform list not confirmed from a single primary page
- typical EUR/USD spread (source only gave an advertised 'from 0.0' raw-account figure)
- negative balance protection
Costs less
Who beats Global Prime on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.