FXGlobe Review

 

Overall FXGlobe can be described as low risk and has an overall rating of 8 out of 10. FXGlobe offers a maximum leverage ratio of 1:300 with a minimum deposit amount of $250/R6000.

 

FXGlobe at a glance

🔍 Broker's Name	FXGlobe
📍 Headquartered	Limassol, Cyprus
📅 Year Founded	2009
⚖️ Regulating Authorities	Cyprus Securities and Exchange Commission (CySEC), CONSOB, BaFin, Markets in Financial Instruments Directive (MiFID) and MFSA
🌐 Countries not accepted for trade	United States
☪️ Islamic account (swap-free)	No
👍 Demo Account	Yes
📊 Institutional Accounts	Yes
📊 Managed Accounts	Yes
🚀 Sign up bonus	No
📈 Maximum Leverage	1:300
💰 Minimum Deposit	$250/R6000
💳 Deposit Options	Bank Wire, VISA, MasterCard, Bitcoin, DotPay, FasaPay, Neteller, Skrill
💳 Withdrawal Options	Bank Wire, VISA, MasterCard, Neteller, Skrill
💻 Platform Types	MT4, WebTrader
📱 OS Compatibility	Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad
📈 Tradable assets offered	Currencies: (50+) Cryptocurrencies: (3) Bitcoin, Litecoin, Ethereum CFD: (40+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities
👨‍💼 Languages supported on Website	English, Français, Italiano, Polski, Deutsch, Čeština, Español, Indonesia, Thai, Arabic, Malay, Português
👥 Customer Support Languages	English, Français, Italiano, Polski, Deutsch, Čeština, Español, Indonesia, Thai, Arabic, Malay, Português
📆 Customer Service Hours	24/5
👉 Open a account	Click Here

 

 

Choose your quick section of our FXGlobe review below.

 

FXGlobe Review – 18 key points quick overview:

1. FXGlobe – Overview
2. FXGlobe Safety and Security
3. FXGlobe Sign-up Bonus
4. FXGlobe Minimum Deposit
5. Step by step guide to deposit the minimum amount
6. FXGlobe Account Types
7. FXGlobe Account Features
8. FXGlobe Demo Account
9. How to set up a FXGlobe Demo Account – Step by Step
10. FXGlobe Trading platforms
11. FXGlobe Fees and Spreads
12. FXGlobe Customer Reviews
13. FXGlobe vs FXGT vs XM – A Comparison
14. FXGlobe Current Popularity Trend
15. FXGlobe Pro and cons
16. Conclusion  
17. Disclaimer
18. Frequently Asked Questions

 

FXGlobe is an international online trading broker and the trade name of Notesco Limited which is a company registered in Bermuda.

 

FXGlobe – Overview

 

According to research in South Africa, FXGlobe is an English company founded in 2008 with headquarters in Limassol, Cyprus. FXGlobe is an online ECN broker managed by FXGlobe Limited and focused on optimizing its trading services and technology.

 

The company was established after a group of friends got together trading and sharing information. They did not like the brokers they dealt with and decided to start their own company.

 

The broker operates a No Dealing Desk (NDD) model and offers trading in over 70 market instruments including forex, commodities, shares and indices. It offers trading using the MetaTrader4 platform through a number of account types.

 

FXGlobe Safety and Security

 

FXGlobe is registered in Cyprus and authorized and regulated to operate in Europe through the Cyprus Securities and Exchange Commission (CySEC). Besides being authorised by CySEC it also provides a list of countries it operates in on its website indication which regulatory bodies is abides to in that specific country.

 

Furthermore, FXGlobe is governed by the European Markets in Financial Instruments Directive (MiFID), who fully support its purpose to provide unified investment services regulatory management in the European Economic Area with increasing efficiency, competition and consumer protection.

 

Funds are kept in separate account with top tier European banks and cannot be used by the company or any other third party. Clients from the US is not accepted.

 

FXGlobe Sign-up Bonus

 

FXGlobe  may offer specific bonuses of up to 30% with sign-up, also called a deposit bonus. New traders who register a real account with a broker may receive a sign-up bonus, a deposit bonus, or a welcome bonus.

 

Currently there is a special bonus available to top-up your trading account with a 30% bonus when you open an account and deposit a minimum of $250. There are also several other special offers including free trading signals, one-to-one training, a 7-day risk free account, and a refer a friend program.

 

Brokers usually offer this kind of bonus to new traders in an effort to draw more customers and to encourage trading activities. Offering a deposit or welcome bonus gives traders some money back depending on the initial deposit made.

 

Even if a trader does not receive a no deposit bonus, or any other bonuses or rewards, trading conditions are still attractive enough to encourage traders to register a real account.

 

FXGlobe Minimum Deposit

 

FXGlobe has a minimum deposit requirement of $250. This minimum deposit amount was equivalent to ZAR 3400 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.

 

The broker only accepts deposits and processes withdrawals for fully verified accounts. Clients can make a payment through many different deposit methods. FXGlobe is required to keep these funds in segregated accounts at top-tier banks in Europe, away from the company’s broker account that is designed to meet the broker’s operational expenses.

 

CySEC has also made it compulsory for CySEC regulated Forex brokers to protect its traders through the Investor Compensation Fund (ICF), which is an insurance policy designed to compensate traders up to €20,000 if the Broker shuts down due to bankruptcy or other insolvency procedures.

 

Step by step guide to deposit the minimum amount

Traders can fund their accounts by sending the funds to one of the FXGlobe segregated client accounts from their own bank account or execute the option to deposit the minimum amount from their personal area after a live trading account was registered and had been approved.

 

Traders then log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must make sure that they select the correct deposit currency if there is a choice available.

 

Funds must be transferred in the same currency as the bank account which they are sending it to, to prevent currency conversion fees being charged.

 

 Step 1 – Log into your account

Log into the accounts area on the broker’s website.

 

 Step 2 – Select the option to Deposit

Select the option to deposit funds on your dashboard.

 

 Step 3 – Select a deposit method

Select your preferred deposit method.

 

 Step 4 – Confirm your deposit amount

Confirm the amount you want to deposit into your account.

 

 

FXGlobe Account Types

 

FXGlobe offers four account types, a Standard Account with a minimum deposit requirement of $250, an Pro Account which requires an initial deposit of at least $1000, a ECN Razor Account and a Razor Plus account. Each of the accounts has its own requirements and offers various trading conditions and tools.

 

FXGlobe Account Features

 

Standard Account

Here are the Standard Account features that is offered by FXGlobe:

 

	📍 Standard Account
🌐 Execution Type	No Dealing Desk
💰 Minimum Trade Size	1,000 (0.01)
📈 Account manager	Customer support
👉 Minimum Deposit	250 €
👉 Open a account	Click Here

 

 

ECN Pro Account

Here are the ECN Pro Account features that is offered by FXGlobe:

 

	📍 Pro Account
🌐 Execution Type	No Dealing Desk
💰 Minimum Trade Size	1,000 (0.01)
📈 Account manager	Account Manager
👉 Minimum Deposit	1000 €
👉 Open a account	Click Here

 

 

Razor Account

Here are the Razor Account features that is offered by FXGlobe:

 

	📍 ECN Razor Account
🌐 Execution Type	No Dealing Desk
💰 Minimum Trade Size	1,000 (0.01)
📈 Account manager	Dedicated Account Manager
👉 Minimum Deposit	2000 €
👉 Open a account	Click Here

 

 

Razor Plus

Here are the Razor Plus Account features that is offered by FXGlobe:

 

	📍 Razor Plus Account
🌐 Execution Type	No Dealing Desk
💰 Minimum Trade Size	1,000 (0.01)
📈 Account manager	Dedicated Account Manager
👉 Minimum Deposit	3000 €
👉 Open a account	Click Here

 

 

FXGlobe Demo Account

 

 FXGlobe offers traders the option to open a demo or practice account which can be utilised in several ways, including the following:

 A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.

 Traders who want to evaluate and compare brokers and would like to explore FXGlobe’s trading conditions in a risk-free environment.

 Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.

 

How to set up a FXGlobe Demo Account – Step by Step

To register for, and set up a demo account with FXGlobe, traders must visit the website and follow the simple steps indicated. New accounts are applied for online and processed according to established industry standards.

 

You can open live account or demo account (also called practice account) from start to finish on the FXGlobe website and choose to open a demo account first. Brokers usually require an e-mail and password to complete the initial step and if more than one currency can be used, traders must select their preferred account currency.

 

FXGlobe accounts can be opened in USD and other currencies, although these are not listed clearly on the website. An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step.

 

Note that this ‘Know Your Client (KYC) process, may only be necessary once you decide to move forward and work with real money.

 

 Follow these steps to open an account:

 

 Step 1 : Go to the FAQ’s

Navigate to the FXGlobe website and go to the FAQ section and scroll down to the Account questions.

 

 Step 2 : Select the demo account option.

Select the “open your demo account now”.

 

 Step 3 : Fill out the form

Fill in the online registration form providing your full name, email address, telephone number, and country of origin.

 

 

FXGlobe Trading platforms

 

The forex trading platform provided by FXGlobe to its clients is the software to carry out their trades. Some brokers provide only one, others quite a few platforms.  A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

 

FXGlobe offers the globally known and preferred MetaTrader4 as only trading platform. It is available in several languages like English, French, Italian, Polish, German, Czech, Spanish, Indonesian, Arabic, Malay, Thai and Portuguese.

 

The MT4 platform is available for Mac, desktop, windows, iPhone, iPad, tablets, and Android. The MT4 Web Trader is fully furnished with professional charting features, technical analysis, one-click trades, easily accessible market updates and an economic calendar as well as proficient EAs, analytical tool packages with free market analysis.

 

FXGlobe Fees and Spreads

 

FXGlobe ’s spreads on EUR/USD start from 1.6 pips on the Standard Account. The ECN Pro account has spreads starting at 0.0, but a commission is charged.

 

 Fees, spreads, and commissions that traders can expect on the company’s spread list when trading with FXGlobe is as follows:

 The spreads you receive with FXGlobe depend on the account you use and the instrument you are trading.

 A standard account has a spread starting at 1.6 pips, but it is variable, so it fluctuates depending on the markets.

 The professional account starts with a mark of 1 point, but again it fluctuates, so it can differ.

 

FXGlobe Customer Reviews

Good

Great company, good market.

Excellent brokerage firm

Excellent brokerage firm. Tons of support and the best training I’ve ever received when it comes to trading the NASDAQ. Really personable brokers, they make you feel a part of the team.

Everything about fxglobe quick and reliable

Everything about fxglobe quick

FXGlobe vs FXGT vs XM – A Comparison

🔎 Broker	🥇 FXGlobe	🥈 FXGT	🥉 XM
💰 Minimum Deposit	$250	$10	$5 USD
📝 Sign-Up Bonus	☑️ Yes	☑️ Yes	☑️ Yes
➕ Max. Leverage	1:300	1: 500	1:888
💵 Currency Pairs	50+	1.4 pips	57
🚀 Open an Account	👉 Click Here	👉 Click Here	👉 Click Here

 

FXGlobe Current Popularity Trend

As According to Google Trends, here is an overview of how frequently the search term – “FXGlobe” is entered into Google’s search engine over a given period of time.

 

 

 

FXGlobe Pros and cons

✔️ Pros	❌ Cons
Regulated through CySEC and others	No Swap-free account
Demo Account	No live chat function
MetaTrader4 platform

 

Conclusion  

FXGlobe is a fully regulated company in the European Union through CySEC, offering trading on over 70 tradable instruments on the MetaTrader4 platform. It offers a choice of three live trading accounts with variable spreads. Although there is no access to educational and research tools for non-registered users it does provide this option to its clients.

 

The website of FXGlobe is easy to navigate. The brokers offers a good trading platform for beginner and advanced traders.

 

Disclaimer

While FXGlobe promises to make all efforts to fill a trade at the requested price, trading on-line does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.

 

Trading in CFDs are very speculative and highly risky and is not suitable for all members of the general public but only for those investors who understand and are willing to assume the economic, legal and other risks involved.

 

Investors should consider their personal financial circumstances, financial resources, lifestyle and obligations and if they are financially able to assume the loss of their entire investment. FXGlobe will not provide the client with any advice relating to CFDs, the underlying assets and markets or make investment recommendations of any kind.

 

Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor, according to research in South Africa.

 

You might also like: FXGlobe Account Types Overview

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You might also like: FXGlobe Sign up Bonus

 

 

Frequently Asked Questions

 

 

Is FX Globe a fake/scam broker?

 

According to our research, FX Globe brokers is not considered fake or scam as it adheres to regulateion by Cyprus Securities and Exchange Commission (CySEC), CONSOB, BaFin, Markets in Financial Instruments Directive (MiFID) and MFSA

 

What is the overall rating our of 10 for FX Globe?

 

The overall rating is 8/10

 

Where is the headquarters of FXGlobe?

 

The headquarters of FXGlobe is located in Limassol, Cyprus

 

Is FXGlobe OS compatible?

 

Yes, OS Compatibility of FXGlobe include Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad

 

What are the customer support languages for FXGlobe?

 

Customers of FXGlobe are supported in the following languages: English, Français, Italiano, Polski, Deutsch, Čeština, Español, Indonesia, Thai, Arabic, Malay, Português