Ethan Mitchell#42

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Is Global Prime a legit broker or a scam?

Global Prime is a forex and CFD broker founded in 2010, headquartered in Australia. It is regulated by the Australian Securities and Investments Commission (ASIC, license 385620) and also holds authorization under the Vanuatu Financial Services Commission (VFSC) for global clients. Its official site is https://www.globalprime.com . ASIC is a top-tier regulator, requiring segregated client funds, financial reporting, and strict conduct standards. Traders under the Australian entity benefit from stronger safeguards. Offshore clients under VFSC get access to higher leverage but fewer protections. Global Prime is generally considered legitimate and transparent, not a scam, but protections depend on the regulatory entity you sign with.