Compare ForexMart vs Globex360
What is ForexMart? What is Globex360?
ForexMart is an online forex broker that was founded in 2015 and is regulated by the Cyprus Securities and Exchange Commission (CySEC). It offers over 100 trading instruments, including currency pairs, metals, cryptocurrencies, stocks, and indices. It also provides various trading platforms, such as MetaTrader 4, WebTrader, and Mobile App.
Globex360 is an online forex broker that was established in 2017 and is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. It offers over 50 trading instruments, including currency pairs, metals, cryptocurrencies, stocks, and indices. It also provides various trading platforms, such as MetaTrader 4, WebTrader, and Mobile App.
ForexMart vs Globex360 Regulation Comparison
Both ForexMart and Globex360 are regulated by reputable authorities in their respective jurisdictions. ForexMart is licensed by CySEC, which is a member of the European Securities and Markets Authority (ESMA) and follows the Markets in Financial Instruments Directive (MiFID) standards. Globex360 is authorized by FSCA, which is responsible for overseeing the non-banking financial sector in South Africa and ensuring consumer protection.
Both brokers also comply with the anti-money laundering (AML) and know your customer (KYC) policies and use segregated accounts to keep client funds separate from their own funds. However, ForexMart also participates in the Investor Compensation Fund (ICF), which covers up to 20,000 euros per client in case of broker insolvency. Globex360 does not offer any similar compensation scheme for its clients.
ForexMart vs Globex360 Trading Assets Comparison
ForexMart offers a wider range of trading assets than Globex360. ForexMart has over 100 trading instruments, including 55 currency pairs, 5 metals, 10 cryptocurrencies, 30 stocks, and 8 indices. Globex360 has over 50 trading instruments, including 36 currency pairs, 3 metals, 5 cryptocurrencies, 6 stocks, and 3 indices.
Both brokers offer major, minor, and exotic currency pairs, as well as popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. However, ForexMart has more options for metals (gold, silver, platinum, palladium, and copper), stocks (from US, UK, Germany, France, and Spain markets), and indices (such as Dow Jones, Nasdaq, S&P 500, FTSE 100, DAX 30, CAC 40, and Nikkei 225). Globex360 only offers gold, silver, and oil for metals; Apple, Amazon, Facebook, Tesla, Netflix, and Google for stocks; and US30, UK100, and GER30 for indices.
ForexMart vs Globex360 Trading Fees Comparison
Both ForexMart and Globex360 offer competitive trading fees for their clients. ForexMart has three types of accounts: Standard Account, Zero Spread Account, and ECN Account. The Standard Account has no commission but variable spreads starting from 2 pips. The Zero Spread Account has a fixed commission of 2 euros per lot but zero spreads. The ECN Account has a variable commission starting from 0.02% per lot but tight spreads starting from 0.8 pips.
Globex360 has two types of accounts: Standard Account and ECN Account. The Standard Account has no commission but variable spreads starting from 1.6 pips. The ECN Account has a fixed commission of $7 per lot but zero spreads.
Both brokers also charge swap fees for holding positions overnight and offer swap-free accounts for Islamic clients who follow Sharia law. However, ForexMart does not charge any deposit or withdrawal fees for any payment methods, while Globex360 charges a withdrawal fee of $20 for bank wire transfers.
ForexMart vs Globex360 Account Types Comparison
Both ForexMart and Globex360 offer different account types to suit different trading styles and preferences. ForexMart has three account types: Standard Account, Zero Spread Account, and ECN Account. The minimum deposit for each account type is $15, $200, and $300 respectively. The maximum leverage for each account type is 1:3000, 1:2000, and 1:1000 respectively. The minimum lot size for each account type is 0.01, 0.01, and 0.1 respectively.
Globex360 has two account types: Standard Account and ECN Account. The minimum deposit for each account type is $100 and $500 respectively. The maximum leverage for each account type is 1:500 and 1:200 respectively. The minimum lot size for each account type is 0.01 and 0.1 respectively.
Both brokers also offer demo accounts for practice and testing purposes, as well as Islamic accounts for clients who follow Sharia law.
ForexMart vs Globex360 Deposit Options Comparison
Both ForexMart and Globex360 offer a variety of deposit and withdrawal options for their clients. ForexMart supports the following payment methods: bank wire transfer, credit/debit cards, Skrill, Neteller, PayPal, PayCo, Paxum, Qiwi, MegaTransfer, Yandex.Money, UnionPay, and Bitcoin. Globex360 supports the following payment methods: bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, Perfect Money, WebMoney, Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
Both brokers process deposits and withdrawals within 24 hours on business days. However, ForexMart does not charge any fees for any payment methods, while Globex360 charges a withdrawal fee of $20 for bank wire transfers.
ForexMart vs Globex360 Trading Platforms Comparison
Both ForexMart and Globex360 offer the same trading platforms for their clients: MetaTrader 4, WebTrader, and Mobile App. MetaTrader 4 is a popular and user-friendly platform that supports multiple order types, charting tools, technical indicators, automated trading systems, and market news. WebTrader is a web-based platform that allows traders to access their accounts from any browser without downloading or installing any software. Mobile App is a mobile application that enables traders to trade on the go from their smartphones or tablets.
Both brokers also provide free educational materials, such as articles, videos, webinars, and ebooks, to help their clients learn more about forex and CFD trading. However, ForexMart also offers additional features, such as a VPS service for uninterrupted trading, a copy trade system for social trading, and a no deposit bonus for new clients.
ForexMart vs Globex360 Analytical Tools Comparison
Both ForexMart and Globex360 offer some analytical tools to help their clients make informed trading decisions. ForexMart provides the following tools: economic calendar, market analysis, trading signals, and calculators. Globex360 provides the following tools: economic calendar, market news, and calculators.
Both brokers also offer customer support services via phone, email, and live chat in multiple languages. However, ForexMart also has a callback option and a feedback form on its website.
ForexMart vs Globex360. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, here are some possible factors that you may want to consider:
- Regulation: Both ForexMart and Globex360 are regulated by reputable authorities in their respective jurisdictions. However, ForexMart also participates in the Investor Compensation Fund (ICF), which covers up to 20,000 euros per client in case of broker insolvency. Globex360 does not offer any similar compensation scheme for its clients. If you value security and protection of your funds, you may prefer ForexMart over Globex360.
- Trading Assets: ForexMart offers a wider range of trading assets than Globex360. ForexMart has over 100 trading instruments, including 55 currency pairs, 5 metals, 10 cryptocurrencies, 30 stocks, and 8 indices. Globex360 has over 50 trading instruments, including 36 currency pairs, 3 metals, 5 cryptocurrencies, 6 stocks, and 3 indices. If you value diversity and flexibility of your trading portfolio, you may prefer ForexMart over Globex360.
- Trading Fees: Both ForexMart and Globex360 offer competitive trading fees for their clients. However, the fees may vary depending on the account type, the payment method, and the trading instrument. For example, ForexMart charges no commission but variable spreads for its Standard Account, while Globex360 charges a fixed commission but zero spreads for its ECN Account. ForexMart also does not charge any deposit or withdrawal fees for any payment methods, while Globex360 charges a withdrawal fee of $20 for bank wire transfers. If you value transparency and affordability of your trading costs, you may want to compare the fees for each account type, payment method, and trading instrument before choosing a broker.
- Account Types: Both ForexMart and Globex360 offer different account types to suit different trading styles and preferences. However, the account types differ in terms of minimum deposit, maximum leverage, minimum lot size, and other features. For example, ForexMart offers a Zero Spread Account with a minimum deposit of $200, a maximum leverage of 1:2000, a minimum lot size of 0.01, and zero spreads. Globex360 offers an ECN Account with a minimum deposit of $500, a maximum leverage of 1:200, a minimum lot size of 0.1, and zero spreads. If you value customization and optimization of your trading conditions, you may want to compare the account types for each broker before choosing one.
- Trading Platforms: Both ForexMart and Globex360 offer the same trading platforms for their clients: MetaTrader 4, WebTrader, and Mobile App . These platforms are popular and user-friendly and support multiple order types, charting tools, technical indicators, automated trading systems, and market news. However, ForexMart also offers additional features, such as a VPS service for uninterrupted trading, a copy trade system for social trading, and a no deposit bonus for new clients. If you value convenience and functionality of your trading platforms, you may prefer ForexMart over Globex360.
Ultimately, the choice of a forex broker is up to you. You may want to do your own research and test each broker with a demo account before making a final decision. You may also want to consult with other traders or experts who have experience with these brokers.
