Globex360
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| Popularity |  |
| Leverage | 1:500 |
| Minimum Deposit | $100 |
| Regulation | FSCA |
| Payment Methods | Bank Wire, Visa/MasterCard, Skrill, Neteller |
| Trading Assets | Forex, Commodities, Indices, Cryptocurrencies |
| MT4 | ✅ |
| MT5 | ✅ |
| Spreads | Low |
| Average cost: EUR/USD | 1.2 pips |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| MAM | ❌ |
| PAMM | ❌ |
| CopyTrading | ✅ |
| ZuluTrade | ❌ |
| Scalping | Yes |
| Signals | ✅ |
| EAs/Robots | Available |
| Negative Balance Protection | Yes |
| Deposit Fee | ❌ |
| Withdrawal Fee | ❌ |
| Inactivity Fee | $10 after 12 months |
| Year Established | 2017 |
| Address | 1 Sandton Drive, Sandhurst, Johannesburg, South Africa |
| Contact Information | Email: [email protected], Phone: +27 87 550 2764 |
| Mobile Trading APP | Not Available |
| Rating | ★★★★☆ |
| Website |
Pros and Cons
- Low spreads and competitive trading conditions
- Comprehensive educational resources for traders
- Wide range of trading instruments
- Robust MT4 and MT5 platform support
- Strong regulatory framework with FSCA
- Limited account types compared to other brokers
- No support for MAM/PAMM accounts
- Mobile trading app not available
- Withdrawal process can be slow
- Inactivity feeafter 12 months
Introduction
Globex360 is a rapidly growing forex and CFD broker that has garnered attention for its wide range of offerings and client-centric services.
Established with the aim of providing a plethora of trading opportunities to traders all around the globe, it offers an intuitive platform, competitive spreads, and a commitment to transparency and security.
This review delves deep into what makes it stand out in the crowded market of online trading platforms.
Open a free accountCompany Overview
- Founded: 2017
- Headquarters: Johannesburg, South Africa
- Regulation: Financial Sector Conduct Authority (FSCA)
Trading Platforms
Globex360 offers its clients access to the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their robustness, reliability, and array of features.
MetaTrader 4
- User-Friendly Interface: Ideal for beginners and experienced traders alike.
- Technical Analysis Tools: Includes 30 built-in indicators and 24 graphical objects.
- Automated Trading: Through Expert Advisors (EAs).
MetaTrader 5
- Advanced Financial Trading Functions: Along with superior tools for price analysis and forecasting.
- Multi-Asset Platform: Allows trading Forex, stocks, and futures.
- Enhanced Trading System: With the Netting system and trading robots.
Account Types
The broker caters to a diverse clientele by offering various account types, each designed to meet different trader needs and preferences.
- Standard Account: Ideal for novice traders, with a minimum deposit of $100.
- ECN Account: Offers lower spreads for a commission, suitable for high-volume traders.
- Islamic Account: A swap-free option for Muslim traders who require Sharia-compliant trading.
Trading Instruments
Globex360 provides a wide array of trading instruments across various markets:
- Forex: Over 50 currency pairs, including majors, minors, and exotics.
- Commodities: Trade gold, silver, oil, and other popular commodities.
- Indices: Access to global equity markets including the Dow Jones, FTSE, and Nikkei.
- Cryptocurrencies: Including Bitcoin, Ethereum, and Litecoin.
Spreads and Leverage
- Spreads: Starting from as low as 1.2 pips on major currency pairs.
- Leverage: Up to 1:500, allowing traders to maximize their trading potential.
Payment Methods and Fees
The broker supports a range of convenient payment methods, including bank wire transfers, credit/debit cards, and e-wallets like Skrill and Neteller.
Notably, the broker charges no deposit or withdrawal fees, enhancing the trading experience by making it more cost-effective.
Customer Support
- Availability: 24/5 through live chat, email, and phone.
- Languages: Supports multiple languages to cater to a global clientele.
- Efficiency: Known for quick and helpful responses to queries and issues.
Security and Regulation
As a broker regulated by the FSCA, the company adheres to strict regulatory standards, ensuring a high level of security and fairness for its clients.
It employs advanced security measures, including SSL encryption, to protect clients’ data and funds.
Educational Resources
Globex360 is committed to empowering its traders through education.
It offers:
- Free Educational Materials: Including webinars, e-books, and articles.
- Trading Tools: Economic calendars, market news, and analysis to aid trading decisions.
Why Choose Globex360?
- Regulated and Secure: Ensures a safe trading environment.
- Competitive Spreads: Makes trading more cost-effective.
- Diverse Trading Instruments: Offers a wide range of markets to trade.
- No Deposit or Withdrawal Fees: Reduces transaction costs.
- Excellent Customer Support: Provides prompt and helpful assistance.
Trading Conditions
Globex360° prides itself on providing some of the best trading conditions in the forex and CFD trading industry. Here’s a closer look at what traders can expect:
Execution Speed
- High-Speed Execution: Trades are executed within milliseconds, minimizing slippage and ensuring the best possible price for traders.
Margin and Leverage
- Flexible Leverage: Up to 1:500 leverage, allowing traders to maximize their trading potential with a small initial deposit.
Scalping and Hedging
- Trader Friendly: Allows for both scalping and hedging strategies, allowing traders the flexibility to employ their preferred trading tactics.
Comparative Analysis with Competitors
When comparing Globex360° with other brokers in the market, several factors stand out:
- Spreads and Fees: It offers competitive spreads and no deposit or withdrawal fees, which is not always the case with other brokers.
- Regulation: Being regulated by the FSCA provides an added layer of security and trustworthiness compared to unregulated brokers.
- Trading Platforms: The availability of both MT4 and MT5 platforms placed the broker in the leading tier of brokers who offer multi-asset trading capabilities.
Educational Resources and Support
Education plays a critical role in a trader’s success, and Globex360 has invested significantly in this area.
Webinars and Workshops
- Interactive Learning: The company conducts regular webinars and workshops led by seasoned traders, providing valuable insights into market trends and trading strategies.
E-books and Articles
- Comprehensive Guides: Various e-books and articles are available, covering topics from the basics of forex trading to advanced technical analysis techniques.
Customer Support Quality
The quality of customer support can often be a make-or-break factor for traders.
Globex360 excels in this department by offering:
- 24/5 Support: Traders can reach out via live chat, email, or phone throughout the trading week.
- Multi-Language Support: Catering to a global audience, support is available in multiple languages.
- Efficient Problem-Solving: The customer support team is well-trained to handle queries promptly and effectively.
Conclusion
Globex360 stands out as a broker that caters to both novice and experienced traders.
With its competitive trading conditions, robust regulation, comprehensive educational resources, and dedicated customer support, it offers a trading environment that is both secure and conducive to success.
Choosing the right broker is a crucial decision for any trader, and Globex360 represents a choice that combines reliability, efficiency, and trader-friendly conditions.
Whether you’re just starting out in the world of forex and CFD trading or looking for a new broker that aligns with your trading goals, it warrants serious consideration.
This review, through its detailed examination of their offerings, aims to provide traders with the information needed to make an informed decision.
With its strong focus on client satisfaction and continuous improvement, Globex360 is poised to remain a preferred choice for traders globally.
Visit official website: www.globex360.comUser Reviews
Broker Video
Frequently Asked Questions (FAQ)
What is the minimum deposit required to open an account with Globex360?
The minimum deposit required to open an account with Globex360 is $100, making it accessible for traders of all levels.
Does it offer a demo account?
Yes, Globex360 offers a free demo account for traders to practice their strategies without risking real money.
Are there any fees for depositing or withdrawing funds?
The broker does not charge any fees for deposits. However, withdrawal processes are subject to the payment provider's fees, if any.
How can I trade cryptocurrencies?
Globex360 offers a range of cryptocurrencies for trading on both the MT4 and MT5 platforms. Traders can access these markets just like any other trading instrument offered by the broker.
Is scalping allowed?
Yes, Globex360 allows scalping and supports traders who use this strategy.
What regulatory body is it regulated by?
Globex360 is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, ensuring a secure and reliable trading environment.
Does Globex360 offer educational resources for traders?
Yes, it offers a comprehensive suite of educational resources, including webinars, e-books, and tutorials, catering to both novice and experienced traders.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Feng Zhou
Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.
Sandro Pontedra
Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.
Stephane Dubois
Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.
Last update: April 27, 2024