Compare Coinexx vs Globex360
What is Coinexx? What is Globex360?
Coinexx is a forex and cryptocurrency trading platform that offers low spreads, high leverage, and fast execution. Coinexx allows traders to choose from various account base currencies, including Bitcoin, Ethereum, and US Dollar. Coinexx also provides access to deep liquidity from Tier-1 banks and prime liquidity providers.
Globex360 is a South African online trading platform that offers trading with forex, CFDs, indices, precious metals, energy, and crypto. Globex360 is regulated by the South African Financial Sector Conduct Authority (FSCA) and provides fast deposits and withdrawals, tailored leverage, and no trading restrictions.
Coinexx vs Globex360 Regulation Comparison
Coinexx is not regulated by any financial authority and operates as an offshore broker. This means that Coinexx does not have to comply with any regulatory standards or provide any investor protection to its clients. Trading with an unregulated broker carries a high level of risk and may result in the loss of funds.
Globex360 is regulated by the FSCA, which is the top-tier financial regulator in South Africa. The FSCA oversees the conduct of financial institutions and ensures that they operate in a fair and transparent manner. Globex360 also segregates its client funds from its own funds to ensure security.
Coinexx vs Globex360 Trading Assets Comparison
Coinexx offers over 100 trading instruments, including 60+ forex pairs, 35+ cryptocurrencies, 4 metals, 2 energies, and 11 indices.
Globex360 offers over 200 trading instruments, including 50+ forex pairs, 10+ cryptocurrencies, 4 metals, 3 energies, 15+ indices, and 100+ stocks.
Coinexx vs Globex360 Trading Fees Comparison
Coinexx charges low spreads from 0.0 pips and commissions from $2 per lot per side on its ECN accounts. Coinexx does not charge any deposit or withdrawal fees, but there may be some network fees or conversion fees depending on the payment method used.
Globex360 charges variable spreads from 0.9 pips and commissions from $7 per lot per side on its ECN accounts. Globex360 does not charge any deposit or withdrawal fees, but there may be some bank fees or currency conversion fees depending on the payment method used.
Coinexx vs Globex360 Account Types Comparison
Coinexx offers four types of accounts: Classic, Pro, ECN XL, and ECN Pro. The minimum deposit for all accounts is 0.001 BTC or equivalent in other base currencies. The maximum leverage for all accounts is 500:1. The main differences between the accounts are the spreads, commissions, and margin call levels.
Globex360 offers three types of accounts: Classic, Premium, and Private Wealth. The minimum deposit for the Classic account is $250, for the Premium account is $1,000, and for the Private Wealth account is $5,000 or more. The maximum leverage for the Classic account is 200:1, for the Premium account is 300:1, and for the Private Wealth account is customisable. The main differences between the accounts are the spreads, commissions, copy trading features, access to academy, withdrawal priority, automated trading features, and VIP events.
Coinexx vs Globex360 Deposit Options Comparison
Coinexx accepts deposits and withdrawals in various cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Dash, Ripple, and more. The processing time for deposits and withdrawals is instant or within 24 hours.
Globex360 accepts deposits and withdrawals in fiat currencies (USD or ZAR) via bank wire transfer or credit/debit cards (Visa or Mastercard). The processing time for deposits is instant or within a few hours, while the processing time for withdrawals is within 24 hours or up to 5 business days depending on the payment method used.
Coinexx vs Globex360 Trading Platforms Comparison
Coinexx offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms as its main trading platforms. MT4 and MT5 are widely used platforms that offer advanced trading tools, indicators, expert advisors (EAs), scripts, charts, and more. Coinexx also provides a web-based platform that can be accessed from any browser without downloading any software.
Globex360 also offers the MT4 and MT5 platforms as its main trading platforms. In addition to the features offered by Coinexx’s platforms, Globex360’s platforms also offer copy trading features that allow traders to follow and copy the trades of other successful traders. Globex360 also provides a web-based platform and a mobile app that can be used on iOS and Android devices.
Coinexx vs Globex360 Analytical Tools Comparison
Coinexx does not offer any specific analytical tools apart from the ones available on its trading platforms. However, Coinexx does provide some educational resources, such as a blog, a glossary, and a FAQ section, that can help traders learn more about the market and trading strategies.
Globex360 offers various analytical tools, such as an economic calendar, a market news section, a trading signals service, and a trading academy. The economic calendar shows the upcoming events and data releases that may affect the market movements. The market news section provides the latest updates and analysis on the market trends and events. The trading signals service provides buy and sell recommendations based on technical and fundamental analysis. The trading academy offers courses, videos, webinars, and ebooks that cover various topics related to trading.
Coinexx vs Globex360. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading preferences, goals, and risk appetite. However, based on the comparison between Coinexx and Globex360, here are some factors that you may want to consider:
- Regulation: If you value security and investor protection, you may prefer Globex360, as it is regulated by the FSCA, which is a reputable financial authority. Coinexx, on the other hand, is not regulated by any authority and operates as an offshore broker, which means that it does not have to follow any regulatory standards or provide any guarantees to its clients.
- Trading Assets: If you want to diversify your portfolio and trade with a wide range of instruments, you may prefer Globex360, as it offers over 200 trading instruments, including forex, CFDs, indices, precious metals, energy, and crypto. Coinexx also offers a decent selection of instruments, but it mainly focuses on forex and crypto trading.
- Trading Fees: If you want to save on trading costs and enjoy low spreads and commissions, you may prefer Coinexx, as it charges low spreads from 0.0 pips and commissions from $2 per lot per side on its ECN accounts. Globex360 also offers competitive spreads and commissions, but they are slightly higher than Coinexx’s fees.
- Account Types: If you want to have more flexibility and options in choosing your account type, you may prefer Coinexx, as it offers four types of accounts with different features and benefits. Globex360 also offers three types of accounts, but they have higher minimum deposit requirements and less customisable leverage levels.
- Deposit and Withdrawal Options: If you want to have more convenience and speed in depositing and withdrawing your funds, you may prefer Coinexx, as it accepts various cryptocurrencies that can be processed instantly or within 24 hours. Globex360 only accepts fiat currencies via bank wire transfer or credit/debit cards, which may take longer to process and incur some fees.
- Trading Platforms: If you want to have more functionality and features in your trading platform, you may prefer Globex360, as it offers the MT4 and MT5 platforms with copy trading features that allow you to follow and copy the trades of other successful traders. Coinexx also offers the MT4 and MT5 platforms, but they do not have the copy trading feature.
- Analytical Tools: If you want to have more support and guidance in your trading journey, you may prefer Globex360, as it offers various analytical tools, such as an economic calendar, a market news section, a trading signals service, and a trading academy. Coinexx does not offer any specific analytical tools apart from the ones available on its trading platforms.
Ultimately, the choice between Coinexx and Globex360 depends on your personal preferences and needs. You may want to do more research and compare other aspects of these brokers before making a final decision. You can also try their demo accounts to test their services and platforms before opening a live account.
