Compare EagleFX vs Globex360
What is EagleFX? What is Globex360?
EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for global traders.
Globex360 is a South African brokerage platform launched in 2017 by Globex360 (PTY) LTD, a company registered under the South African Financial Sector Conduct Authority (FSCA) regulations. With services available globally, the platform primarily focuses on traders from the African continent.
EagleFX vs Globex360 Regulation Comparison
Both EagleFX and Globex360 are fully regulated by the FSCA, which is the top-tier financial regulator in South Africa. This means that both brokers offer a high level of security and transparency to their clients. Both brokers also segregate their client funds from their own to ensure safety.
EagleFX vs Globex360 Trading Assets Comparison
EagleFX offers trading on over 200 assets, including forex, commodities, stocks, indices and cryptocurrencies. Globex360 offers trading on over 100 assets, including forex, commodities, indices and cryptocurrencies. Both brokers offer a wide range of currency pairs, with EagleFX offering 60 and Globex360 offering 50.
EagleFX vs Globex360 Trading Fees Comparison
Both EagleFX and Globex360 charge commissions on their trades, but EagleFX has lower commissions than Globex360. EagleFX charges $6 per lot round turn, while Globex360 charges $10 per lot round turn. Both brokers also offer tight spreads, with EagleFX having an average spread of 0.2 pips on the EUR/USD and Globex360 having an average spread of 0.9 pips on the same pair.
EagleFX vs Globex360 Account Types Comparison
EagleFX offers only one account type, which is the standard account. This account has a minimum deposit of $10 and a maximum leverage of 1:500. Globex360 offers four account types, which are the standard, premium, premium+ and private wealth accounts. The minimum deposit for these accounts ranges from $20 to $5,000 and the maximum leverage ranges from 1:300 to 1:500.
EagleFX vs Globex360 Deposit Options Comparison
Both EagleFX and Globex360 offer a variety of deposit and withdrawal options, including bank wire, credit/debit cards, Skrill and Bitcoin. Both brokers do not charge any deposit or withdrawal fees and process withdrawals within 24 hours.
EagleFX vs Globex360 Trading Platforms Comparison
Both EagleFX and Globex360 use the MetaTrader 4 platform as their main trading platform. MT4 is a popular and user-friendly platform that offers advanced charting tools, technical indicators, automated trading and social trading features. However, EagleFX also offers the MetaTrader 5 platform, which is an upgraded version of MT4 that has more instruments, indicators and order types.
EagleFX vs Globex360 Analytical Tools Comparison
Both EagleFX and Globex360 provide their clients with various analytical tools to help them make informed trading decisions. These include economic calendars, social sentiment indicators, forex news sources and daily market commentary.
However, EagleFX also offers webinars and beginner and advanced training videos to help their clients improve their trading skills.
EagleFX 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 style, goals and preferences. However, here are some general suggestions:
- If you are looking for a broker that offers lower commissions, more trading assets, more leverage and the MT5 platform, then EagleFX might be a better option for you. EagleFX also has a lower minimum deposit requirement and more educational resources than Globex360.
- If you are looking for a broker that is more focused on the African market, has more account types to choose from and offers social sentiment indicators, then Globex360 might be a better option for you. Globex360 also has a higher average spread than EagleFX, which might be more suitable for some trading strategies.
Ultimately, the best way to decide which broker is better for you is to try them out yourself. You can open a demo account with both brokers and test their platforms, services and features before making a final decision.
