Is Global Prime safe?

Safety summary

The available evidence supports a favourable assessment. Positive factors include a tier-one licence, segregated client money, negative balance protection, audited accounts (Independent external auditors) and 16 years of operating history. Risk factors include no compensation scheme. Regulation can improve oversight and complaint options, but it does not prevent trading losses or guarantee that every dispute will be resolved.

Client money is held separately from the firm's own money, at National Australia Bank (NAB); HSBC also used for Tier-1 client-money banking. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by No statutory deposit/investor compensation scheme for international VFSC clients, which pays eligible clients up to its limit if the firm fails owing client money.

Regulatory coverage

Global Prime is connected with 2 recorded licences: ASIC (tier one) and VFSC (Vanuatu) (tier three).

View every licence

Client protections

Protections may include segregated client money and negative balance protection. They apply only where the account and client are eligible under the relevant entity and jurisdiction.

Official warnings

Licence concerns

Website verification

The recorded broker website is globalprime.com. Verify the domain through an official regulator register where possible and do not rely on links received through unsolicited messages.

Company history

Global Prime was established in 2010. No material change has yet been recorded on this profile.

Complaints and responses

View the complaints tab

The available evidence supports a favourable risk assessment for Global Prime. This assessment can change if licences, entities, warnings or broker operations change.