Gleneagle – what we know and have as facts about it; This is a group of three companies and each one is authorized and regulated by the Australian Securities and Investment Commission (ASIC) – Gleneagle Securities under license number 337985, Gleneagle Asset Management under license number 226199 and Global Prime under license number 385620. In addition, Gleneagle Securities PTY Limited trading as Global Prime FX is authorized and regulated by the VFSC under register number 40256; Global Prime FX Ltd is regulated by the Financial Services Authority (FSA) of Seychelles under license number SD057. These licenses allow it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Product Disclosure Statement document that Global Prime makes a market in its products since it regularly states the price at which it is prepared to deal with a client as principal. Trading with Global Prime for its Global Prime Products carries an automatic risk of actual conflicts of interests because Global Prime is acting as principal in its Global Prime Products with clients. In general, dealing with market makers involves a conflict of interest because they do not transmit every customer deal and hope that customers will lose. Every loss of customers is their profit
So far, we have not received any complaints from customers of Gleneagle. If you have any criticism to share with us or feel annoyed by Gleneagle, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and Gleneagle if you wish.