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2026 Annual Reviewv2026.2

2026 · Evidence audit

Global Prime — institutional liquidity provider

Global Prime is licensed by ASIC and VFSC, with varying tier levels. The firm claims execution speeds as low as 10ms, but no test boundaries are disclosed. The age of the firm is not established, and self-measured claims warrant scrutiny.

FMGP Trading Group Pty Ltd · Level 10, 627 Chapel St, South Yarra VIC 3141, Australia · last re-checked 2026-09 · evidence score 82/100

01

Licence, read on the register

RegulatorLicence numberJurisdictionTierSource
ASIC385620Australiatier-1open source ↗
VFSC40256 (company number)Vanuatutier-3open source ↗

Tier classification follows the same scale as the retail register: tier-1 = FCA/ASIC/CFTC-class supervision, tier-2 = CySEC/FSC-Mauritius/MFSA-class, tier-3 = offshore registration. A tier-2 licence is genuine supervision without an investor compensation scheme — never misread it as tier-1 protection.

02

What the firm commits to

Claims specific enough to be falsified — and the ones that remain the venue's own measurement.

A

Testable claims

  • Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017), licensed in Australia under AFSL No. 385620 — own regulation page (globalprime.com/company/regulation)
  • Gleneagle Securities Pty Limited trading as Global Prime FX is a registered Vanuatu company (Company Number 40256) regulated by the VFSC — own regulation page
  • X-Connected low latency servers within the NY4 datacentre execute trades — own homepage
B

Claims we cannot verify from outside

  • "execution speeds from as low as 10ms" — own homepage measurement, no disclosed test boundary
  • "0.0 spreads, $0 minimum deposit, no fees" — own marketing meta text
  • "14+ years trusted" — own marketing figure (site elsewhere says 16+ years)
03

Perimeter and coverage

Asset classesVenuesConnectivityClients acceptedExplicitly refused
FX spot, Crypto CFDs, Indices, CommoditiesNY4 datacentre (New York)Retail and wholesale traders (Global Prime)

A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as a disclosure, not a defect.