Global Prime offers Standard and Raw CFD accounts through MetaTrader. Its global website identifies Gleneagle Securities in Vanuatu as the international issuer; FMGP Trading Group serves the Australian route. This reference follows the global account schedule, where the published leverage and client-money treatment differ materially from Australian retail arrangements.[5][2][1]
Company and account reference
| Measure | Value | Context |
|---|---|---|
| Business origins | 2010 institutional service; retail clients added in 2011 | Source 1 |
| International trading name | Global Prime FX | Source 3 |
| Website operator | FMGP Trading Group Pty Ltd | Company address: Level 10, 627 Chapel Street, South Yarra, Australia.Source 18 |
| Market range | More than 250 CFD instruments advertised | Forex, metals, indices, commodities, crypto and US shares.Source 18 |
| Account funding threshold | No minimum account size | Source 5 |
| Customer service | 24/7 by phone, email and live chat | Source 15 |
Standard and Raw accounts
Sections ↑Published global account menu
| Feature | Standard | Raw |
|---|---|---|
| Advertised starting spread | 0.9 pips | 0.0 pipsSource 5 |
| FX / precious-metal commission | No separate commission | USD 3.50 per side per standard lot in a USD accountSource 5Source 7 |
| Base currencies | USD, AUD, GBP, EUR, CAD, SGD, JPY | USD, AUD, GBP, EUR, CAD, SGD, JPYSource 5 |
| Forex minimum trade | 0.01 lot | 0.01 lotSource 7 |
| Scalping, EAs and hedging | Permitted | PermittedSource 5 |
| Published global stop-out level | 20% of required margin | 20% of required marginSource 5 |
Raw FX and metal commissions by account currency
Products, units and practical cost examples
Sections ↑Different markets use different contract units
| Instrument / size | Exposure or point value | Published fee structure |
|---|---|---|
| EUR/USD: 1.00 lot | EUR 100,000; USD 10 per pip | Raw USD account: USD 7 round turn plus spread.Source 7Source 6 |
| XAU/USD: 1.00 lot | 100 ounces; USD 100 per USD 1 gold-price move | Raw precious-metal commission plus spread and financing.Source 6Source 7 |
| WTI: 1.00 lot in the MT4 specification | 100 barrels; USD 100 per USD 1 oil-price move | No separate oil commission; spread and financing remain.Source 6Source 7 |
| NAS100 index CFD | One full-size index point equals USD 1; minimum 0.10 lot | No separate index commission; overnight funding applies.Source 8Source 7 |
| US share CFDs | Minimum 0.1 lot; fractional exposure on MT5 | Zero trading commission; symbol table shows a USD 0.04 minimum spread.Source 11 |
| Crypto CFDs | Derivative exposure, including BTC/USD and ETH/USD | Page quotes 0.1% per trade, plus overnight financing.Source 10 |
Illustrative cost and position calculations
| Example | Calculation | Result |
|---|---|---|
| EUR/USD Raw, 1 lot, assumed 0.2-pip spread | USD 2 spread + USD 7 round-turn commission | USD 9 transaction cost before financing or slippage.Source 7 |
| Gold Raw, 1 lot, assumed USD 0.20/oz spread | 100 oz × USD 0.20 + USD 7 commission | USD 27 transaction cost under those assumptions.Source 6Source 7 |
| WTI, 1 lot, assumed USD 0.03/barrel spread | 100 barrels × USD 0.03 | USD 3 spread cost; no separate oil commission.Source 6Source 7 |
| US share CFD, USD 2,000 notional at 1:20 | USD 2,000 ÷ 20 | USD 100 initial margin before any account-specific adjustment.Source 11 |
Global Prime also publishes average spreads for individual symbols, but the displayed table does not provide a measurement window alongside them. Its current figures include 0.10 pips on EUR/USD, 0.31 on GBP/USD and 0.24 on USD/JPY. These broker-published averages describe a different measure from the account cards’ starting spreads.[6]
Advertised global leverage ceilings
The live leverage table and linked Vanuatu PDS disagree. The PDS dated 28 February 2023 describes a default 1:100 and approved increases only up to 1:500, while the current page advertises 1:1000 for major/minor FX and gold. Obtain the applicable account agreement and confirmed limit before sizing a position; neither the older PDS nor the newer headline resolves the discrepancy by itself.[19][6][3]
Platforms and market access
Sections ↑What each platform route currently provides
| Route | Access | Distinctive condition |
|---|---|---|
| MetaTrader 4 | Desktop, mobile and WebTrader | Expert Advisors permitted; strategy operation remains the client’s responsibility.Source 15 |
| MetaTrader 5 | Desktop, mobile and browser routes | Required for the published US share CFD offering.Source 15Source 11 |
| TradingView | Described as coming soon | Not counted as a live supported platform in this profile.Source 15 |
| Sponsored VPS | MT4 hosting through NYC Servers | Pro clients only; upfront debit refunded when more than 20 FX/metals lots trade in 30 days.Source 16 |
US shares are CFDs rather than direct shareholdings. The published list includes more than 100 US names, with fractional position sizing and dividend adjustments. The platform decision therefore changes the product menu: selecting MT4 alone does not give access to the MT5 share route described on the current product page.[11]
Trading schedule and daily interruptions
| Market | Published schedule | Daily break / clock |
|---|---|---|
| Forex | Monday 00:01 to Friday 23:57 | 23:59–00:01; server time.Source 14 |
| Gold | Monday 01:02 to Friday 23:57 | 23:57–01:02; server time.Source 14 |
| NAS100 / US500 | Monday–Friday 01:00–23:59 | Published GMT+3 schedule.Source 14 |
| Brent / US crude | Brent 03:00–23:59; US crude 01:00–23:59 | Monday–Friday; published GMT+3 schedule.Source 14 |
| US share CFDs | Monday–Friday 16:30–23:00 | Published UTC+3 schedule.Source 11 |
| Crypto CFDs | Seven-day trading | 23:59–00:01 daily interruption.Source 14 |
The daily rollover interruption is a real access boundary. Global Prime explains that forex liquidity can thin around banks’ end-of-day processing and spreads can widen sharply. A position held through that boundary may incur financing even though a new order cannot be executed during the short trading break.[14][12]
Deposits, withdrawals and ongoing charges
Sections ↑Selected funding routes
| Method | Deposit minimum / timing | Withdrawal minimum / timing |
|---|---|---|
| Visa / Mastercard | USD 10 equivalent / instant listed | Use an eligible withdrawal route in the Hub.Source 13 |
| PayPal | USD 10 equivalent / instant listed | USD 10 equivalent / instant listed.Source 13 |
| Skrill / Neteller | USD 10 equivalent / instant listed | USD 10 equivalent / instant listed.Source 13 |
| Crypto | USD 10 equivalent / instant listed | USD 10 equivalent / instant listed.Source 13 |
| International bank withdrawal | Funding instructions depend on currency and bank | USD 30 equivalent / 3–5 business days.Source 13 |
| Local bank withdrawal | Country-specific funding method | USD 10 equivalent / 1–2 business days.Source 13 |
The funding page defines withdrawal timing as expected receipt by the client and states a daily submission cutoff of 00:00 GMT, equivalent to 10:00 AEST or 11:00 AEDT. It also reserves recovery of merchant fees where deposits are withdrawn with little or no trading. This makes the method schedule more useful for planning than the homepage’s headline about fast internal processing.[13]
Holding and ancillary costs
| Cost | Published treatment | Practical consequence |
|---|---|---|
| Forex swaps | Daily interest debit or credit; Wednesday triple rollover | Direction and instrument determine the current charge.Source 12 |
| CFD financing | Borrowing or lending cost of keeping the position open | The quoted spread does not include the total cost of a multi-day holding.Source 12 |
| Index dividends | Long positions credited; short positions debited | Dividend adjustments change cash balance without being transaction commissions.Source 12 |
| Crypto overnight charge | Applied at 00:00 MetaTrader server time | Current amount is available in the platform.Source 10 |
| VPS | Charge debited before any volume-based reimbursement | A sponsored service can still create an initial cash debit.Source 16 |
International protections and business history
Sections ↑The Vanuatu client-money arrangement
| Issue | Company’s current disclosure | Boundary |
|---|---|---|
| Segregation | Client money held separately in client trust accounts | A custody arrangement, not a promise against trading loss.Source 1 |
| Use for hedging | The international table says client money can be used for hedging | Relevant to the Vanuatu contract’s treatment of deposited funds.Source 1 |
| Deposit compensation | No compensation scheme shown for the global route | No statutory cash-compensation limit is assigned to this account.Source 1 |
| Negative-balance wording | The FAQ specifically identifies Australian retail protection | That statement does not establish equivalent Vanuatu contractual protection.Source 17 |
The brand’s own history dates its institutional MT4 service to 2010 and its retail opening to 2011. Its current company page says financial and compliance arrangements undergo independent external audits. That is a company statement about governance; the page does not publish the audited revenue, profit or client-money balance behind the brand’s scale claims.[1]
Vanuatu complaints and external escalation
Sections ↑Published complaint route for Gleneagle Securities
| Issue | Practical terms |
|---|---|
| Submit the complaint | Use the policy’s form and email [email protected]. Include account identification, chronology, supporting statements and the requested remedy.Source 20 |
| Broker response | The July 2025 policy promises a written response within 30 days of the dispute arising. Notify the broker promptly and retain evidence of the original event and submission.Source 20 |
| Named external route | The policy directs dissatisfied clients to The Financial Commission and stipulates filing within 45 days of the dispute arising. Its clock is not 45 days after the broker’s reply.Source 20 |
The Financial Commission route named in this contract is separate from AFCA and the Vanuatu regulator. Current membership and case eligibility were not independently established; obtain confirmation directly from the receiving body. The policy’s compensation-fund statement does not establish a statutory deposit guarantee or a verified payout entitlement for this account.[20]
Company background & evidence
Sections ↑- Headquarters
- South Yarra, Melbourne, Australia; international issuer in Vanuatu
- Founded
- 2010; retail service launched in 2011
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Gleneagle Securities Pty Limited
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Vanuatu Financial Services Commission40256 | Authorised | Checked 9 Oct 2026The current VFSC list shows Gleneagle as Active with classes A, B and C. The broker identifies Global Prime FX as its trading name.Source 4Source 2 |
FMGP Trading Group Pty Ltd
AustraliaSource 2
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Australian Securities and Investments Commission385620 | Not verified | Checked 9 Oct 2026The Australian issuer discloses AFSL 385620 and ABN 74 146 086 017. An entity-specific current ASIC result was not inspected for this profile.Source 2 |
Sources & further reading
- Company history and international client-money arrangements Global Prime · Accessed 9 Oct 2026
- Global Prime entities and licence disclosures Global Prime · Accessed 9 Oct 2026
- Vanuatu legal-document directory Global Prime · Accessed 15 Oct 2026
- Financial dealers licensee list Vanuatu Financial Services Commission · Accessed 9 Oct 2026
- Standard and Raw account types Global Prime · Accessed 9 Oct 2026
- Spreads, Raw commissions, margins and contract sizes Global Prime · Accessed 15 Oct 2026
- Forex contract and commission information Global Prime · Accessed 9 Oct 2026
- Index CFDs: position size and financing Global Prime · Accessed 9 Oct 2026
- Commodity CFD product structure Global Prime · Accessed 9 Oct 2026
- Crypto CFD charges and market access Global Prime · Accessed 9 Oct 2026
- US share CFD specifications and trading hours Global Prime · Accessed 9 Oct 2026
- Swaps and financing fees Global Prime · Accessed 9 Oct 2026
- Deposits and withdrawals: method-specific table Global Prime · Accessed 9 Oct 2026
- Market hours and server timezone Global Prime · Accessed 9 Oct 2026
- Trading platform overview Global Prime · Accessed 9 Oct 2026
- Sponsored VPS conditions Global Prime · Accessed 9 Oct 2026
- Account, platform and Australian retail protection FAQ Global Prime · Accessed 9 Oct 2026
- Current international offering and restricted jurisdictions Global Prime · Accessed 9 Oct 2026
- Vanuatu Product Disclosure Statement, 28 February 2023 Gleneagle Securities Pty Limited · 28 Feb 2023 · Accessed 15 Oct 2026
- Vanuatu Complaint Handling Policy, 28 July 2025 Gleneagle Securities Pty Limited · 28 Jul 2025 · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.