Policy Regarding US Clients

Recent changes have been made to US regulations regarding off-exchange retail foreign exchange. The new regulatory rules – implemented by the Commodity Futures Trading Commission (CFTC), the U.S. government agency responsible for the regulation of retail foreign exchange – apply to retail forex transactions that are offered or entered into by entities registered with CFTC under the Commodity Exchange Act (CEA).

Global Prime Pty Ltd ABN 74 146 086 017 AFSL 385620 is regulated by the Australian Securities and Investments Commission (ASIC) and complies with all applicable Australian laws and regulations. Although Global Prime does not have any offices or operations in the US and is not subject directly to the licensing laws of US regulators, our compliance checks have revealed that the CFTC does not allow retail forex transactions to be provided to US clients by entities not registered with the CFTC.

Effective immediately, due to the regulatory restrictions in the US, Global Prime will no longer be able to accept any transactions from US residents.

We sincerely apologise for any inconvenience this may cause but unfortunately changes in US regulations are beyond our control. We will continue to monitor the US laws and would be happy to accept US residents in the future, should the laws and regulations change.

Please feel free to seek independent legal advice to further determine how the regulations affect you or your company.

If you have any questions, please do not hesitate to contact us.