Global Prime earns a trust score of 86 out of 100 (Grade A), built on a top-tier Australian licence and a secondary offshore authorisation in Vanuatu. Two corporate entities sit behind the brand, each supervised by a different regulator.
Which entity holds your account determines the protections available to you, and that distinction is not trivial. This section of our global prime forex broker review examines both licences in detail.
Regulatory Licenses
Global Prime holds two verified licences:
- Australian Securities and Investments Commission (ASIC, AFSL 385620), held by FMGP Trading Group Pty Ltd. This licence authorises the firm to deal in securities, derivatives, and foreign exchange contracts, and to provide general advice to both retail and wholesale clients. ASIC enforces capital adequacy requirements, leverage restrictions, and mandatory client-money segregation rules.
- Vanuatu Financial Services Commission (VFSC, Company No. 40256), held by Gleneagle Securities Pty Limited. The VFSC licence permits the broker to offer services to clients who fall outside ASIC jurisdiction, typically with more flexible leverage and margin settings. Under the VFSC entity, the stop-out level is set at 20%, whereas the ASIC entity applies a 50% stop-out level. One important caveat: while the VFSC register includes columns for Date of License, Company Number, Name of Licensee, Class of License, and License Status, the number 40256 is the Vanuatu company number, not a separately issued licence number.
Worth noting: an unrelated entity named "Global Prime Partners LLP" was previously registered with a UK regulator but has no connection to Global Prime or the entities reviewed here. Similarly, regulatory warnings exist against unrelated entities named "Global Prime Exchange" and "Global Prime Assets." Always verify the domain and legal entity name before opening an account.
Client Fund Protection
All client money held under the ASIC entity is maintained in segregated Client Trust Accounts at National Australia Bank (NAB), an AA-rated institution. Segregation means your trading funds are kept separate from the broker's own operational capital.
In the event of the firm's insolvency, segregated funds are not available to the broker's creditors.
Neither entity participates in a deposit-compensation scheme. Australia does not operate an investor-compensation fund for retail OTC derivatives trading. The Compensation Scheme of Last Resort (CSLR) is narrow in scope and does not cover ordinary trading losses. Under the VFSC entity, no statutory compensation arrangement applies either.
Global Prime holds 2 regulators: 1 tier-1 licence (ASIC) and 1 offshore licence (VFSC).
Company History & Reputation
Global Prime was founded in 2010, giving it well over a decade of continuous operation. On Trustpilot, the broker holds a 4.7 out of 5 rating across 561 reviews (recorded October 1, 2026), with 84% of reviewers awarding five stars.
The company responds to 92% of negative reviews. Google Reviews for the broker's South Yarra office show 4 out of 5 from 47 reviews. WikiFX assigns an overall score of 6.54 out of 10; historical user complaints on that platform cite inadequate advance notice of the ASIC leverage intervention order in 2021 and a single account-closure dispute.
One note on data discrepancies: a third-party source reports a slightly different figure of 4.6 out of 5 from more than 561 reviews. Because Trustpilot ratings and review totals change continuously, check the live profile before making a decision.
The consistently high ratings are one data point when evaluating whether is Global Prime legit, though Trustpilot scores alone should never be the sole basis for that judgement.
EngineForex Trust Score
Global Prime: 86/100 (Grade A)
| Component | Score | Note |
|---|
| Regulator tier coverage | 40/40 | 1 tier-1 licence |
| Number of regulators | 5/15 | 2 regulators |
| Years of operation | 15/15 | 16 years (10+) |
| Trustpilot rating | 19/20 | 4.7/5 |
| Trustpilot review volume | 7/10 | 561 reviews (500+) |
*Computed deterministically from verified register reads, founding year, and live Trustpilot data. See EngineForex's "How We Review Brokers" for the full methodology.*