At its core, Fair + Trade is about ensuring that your interests as a trader are aligned with our interests as a broker, and that through this mutually beneficial relationship, both parties are better off.
In more direct terms, we believe that traders are better off with us since we’re not making money from their losses. Furthermore, we see it as our duty to create the conditions that are conducive to a traders success by offering institutional trading benefits to the individual.Our Purpose
The Global Prime leadership team has over 80+ combined years of experience within financial trading and related markets.
Global Prime conducts regular independent external audits of its financial and compliance arrangements to ensure regulatory compliance.
The group is in good standing with its regulators; ASIC and VFSC.
The Global Prime group of companies are good corporate citizens and takes their obligations as holders of Financial Services Licences in their respective jurisdictions very seriously.
The Group has no adverse regulatory or judicial findings against it from any financial regulator, government body or court of law.
Global Prime Pty Ltd, ABN 74 146 086 017, Global Prime holds an Australian Financial Services Licence (AFSL) to carry on financial services business in Australia, limited to the financial services covered by its AFSL no.385620.
Gleneagle Securities PTY Limited trading as Global Prime FX is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC.
Global Prime is authorised to deal in securities, derivatives and foreign exchange contracts, as well as provide general and personal advice to retail and wholesale clients.
The protection of your money is of paramount importance to Global Prime. All client money is managed in accordance with client money laws and kept separate from company funds. Client money is held in segregated Client Trust Accounts with Westpac bank, an AA rated Australian bank regulated by APRA and ASIC.
Every financial services regulator enforces their own unique set of laws, rules and protections around client money. This means the Global Prime entity you are contracted with will determine the statutory protections afforded to your money held with us and what those funds can be used for, detailed below.
|Contracting Entity||Global Prime Pty Ltd||Gleneagle Securities PTY Limited trading as Global Prime FX|
|Does Global Prime offer client money protection under the ASIC Client Money Reporting Rules 2017?||Yes||No|
|Is client money required to be kept in segregated client trust account?||Yes||Yes|
|Client money can be used for hedging?||No||Yes|
|Deposit compensation scheme? (limit)||No compensation scheme||No compensation scheme|
|Deposit / withdrawal fees||No fees||No fees|