Here’s a list of available alternatives and a comparison of their features with Globex360. While signing up on the platform, we had a great experience, The process is fully digital, and accounts are often activated in a day. Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years. GlobeX360° does offer a free demo trading account for beginners to start training on.
FP Markets Review
- With this in mind, all client funds are held in a segregated account separate from the company’s funds.
- The platform offers three retail trading accounts, along with a business referrers account for Affiliates and an Islamic & free demo account.
- Globex360 strives to offer efficient and reliable support to its clients from South Africa, the US, Canada, Belgium, and other countries.
- Join thousands of traders getting instant alerts, expert market moves, and proven strategies – before the crowd reacts.
- CIPC is an agency of the Department of Trade and Industry in South Africa whereas The Financial Sector Conduct Authority is a financial institutions market conduct regulator.
Globex360 is a reliable and regulated broker with an easy account opening, a good trading environment, competitive spreads and costs, and more. Contact customer support to raise a request for account deletion and provide them with your username. However, some drawbacks, including limited customer support and the unavailability of crypto trading, may encourage you to move to a more secure and complete trading platform like InvestFW.
Globex360 Reviews 44
In this detailed Globex360 review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs. The Standard Account builds upon the features of the Basic Account, offering market execution, access to automated trading, and a minimum deposit of $500. It is suitable for traders with some trading experience who wish to expand their capabilities. While it provides access to educational materials, traders with the Standard Account do not have a personal account manager.
Leverage trading enables traders to trade bigger sizes compared to their initial balance, offering to maximize their gains. However, traders should carefully learn how to use this tool, since leverage may work in reverse as well. Globex360 is a brokerage company offering to trade Forex, CFDs, Stocks, Indices, etc.
Globex360° Trading Platforms
Globex360 state that they offer FIX API connection to large private and institutional clients. The minimum account balance required to qualify for the FIX API is $25,000 and the minimum monthly trading volume required is 500 lots. Globex360 is an authorised financial services provider registered and regulated under the Financial Sector Conduct Authority (FSCA) in South Africa.
Trading Tools
Each account type comes with its own set of benefits and requirements, making it easier for traders to choose based on their experience and trading goals. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money.
- All Globex360° client information is stored on secure servers and all client funds are kept in segregated accounts.
- This provides an additional layer of security in the unlikely event of any financial difficulties encountered by the broker.
- The Globex360° Cash Back Promotion rewards traders for each lot traded.
- Globex360° is offering covers for over 50 spot instruments, with attractive leverage and financing costs.
- Globex360° is offers over 50 major, minor and exotic FX currency pairs.
Both deposits and withdrawals are free of charge, but a transfer fee could be charged by banks or third-party providers. globex360 review Globex360 prides itself on offering competitive trading conditions for all traders. They have low spreads across various instruments, ensuring that you can execute trades cost-effectively. While commissions may apply for certain products, they remain reasonable and transparent. Globex360 also provides comprehensive trading solutions, educational materials, and instruments for analysis.
The broker supports hassle-free, fast deposits and withdrawals via bank transfers, card payments, popular e-wallets and further payment options. Additionally, there is a withdrawal limit and requesting a withdrawal below the limit will attract a fee. Globex360° is a leading global online trading provider, offering trading with Forex and CFDs, indices, precious metals and energy. On Trustpilot, the broker has generally favourable reviews, with many users praising its customer service and trading platforms.
The MT4 mobile app maintains many of the same features as the desktop version and you can access both through one trading account. Globex360 offers a range of trading features and platforms designed to cater to various trading styles and preferences. Globex360° is registered with the Companies and Intellectual Property Commission (CIPC) and is regulated by the South African Financial Sector Conduct Authority (FSCA). All client information is stored on secure servers and all client funds are kept in segregated accounts. Overall, Globex360° can be summarised as a trustworthy and regulated broker that offers low spreads and free account management.
You can download the Globex360 MT4 app from Apple’s App Store and Google’s Play Store. The worst part of using the platform is that it charges both commissions and spreads. Additionally, there are non-trading fees like inactivity and withdrawal fees. Globex360° does offer a specially tailored Islamic, Swap-Free trading account to its Islamic clients.
This is quite a limited selection compared to other brokers who offer multiple online payment processors such as Skrill, Neteller, PayPal, etc. If your withdrawal is under a certain amount, the broker apples a small charge. Globex360 provide clients with the option of using a copy trading using their social trading platform where you can provide or copy the signals of other traders. You maintain full control of who you copy, how much of your account is used to copy and when to stop copying any of the traders on the social/copy trade platform. Globex360 clients’ funds are segregated from the company accounts and are not used in the course of the company business. The broker also offers “No Last Look” execution, which means that Globex360 is unable to affect the client’s trades, and no price manipulation is possible during trading.
The FSCA is responsible for the regulation of financial institutions in South Africa. One of the first considerations when choosing a trading platform is its regulatory status and safety measures. Globex360 is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which adds a layer of security and trust for its users. The FSCA is known for its stringent regulatory standards, which helps ensure that the platform adheres to industry best practices. Trading with Globex360° will involve fees from $100 USD, spreads from 1.2 pips to 1.6 pips, and commission-free trading depending on the account traders select.