Compare Forex.com vs Globex360
What is Forex.com? What is Globex360?
Forex.com is a global leader in forex and CFD trading, offering access to over 200 markets, competitive pricing, and superior trade executions.
Globex360 is an exceptional online trading provider that has rapidly emerged as a key player in the forex trading industry since its establishment in 2017. With a primary focus on the African continent, Globex360 offers traders access to quality trading platforms and unparalleled technical support.
Forex.com vs Globex360 Regulation Comparison
Forex.com is regulated by several reputable authorities, including the Financial Conduct Authority (FCA) in the UK, the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the US, the Investment Industry Regulatory Organization of Canada (IIROC) in Canada, and the Australian Securities and Investments Commission (ASIC) in Australia.
Globex360 is registered under the Financial Sector Conduct Authority (FSCA) in South Africa, ensuring that it operates in accordance with strict regulatory standards. The broker also keeps client funds separate from the company’s funds, providing an added layer of security for traders.
Forex.com vs Globex360 Trading Assets Comparison
Forex.com offers traders access to a diverse range of trading instruments, including over 80 currency pairs, over 220 stocks, 17 equity indices, 10 commodities, and 5 cryptocurrencies.
Globex360 also offers a wide range of trading instruments, including over 50 currency pairs, over 100 stocks, 15 equity indices, 9 commodities, and 4 cryptocurrencies.
Forex.com vs Globex360 Trading Fees Comparison
Forex.com charges variable and fixed spreads, depending on the markets that you trade. The average spread for EUR/USD is 0.8 pips on the Standard account and 0.2 pips on the Commission account. The broker also charges a commission of $5 per 100k traded on the Commission account.
Globex360 charges low trading fees, with no deposit or withdrawal fees. The average spread for EUR/USD is 0.0 pips on all account types. The broker also does not charge any commission on any account type.
Forex.com vs Globex360 Account Types Comparison
Forex.com offers three main account types: Standard, Commission, and Direct Market Access (DMA). The Standard account has no commission but higher spreads, while the Commission account has lower spreads but a commission fee. The DMA account offers access to raw market prices and depth of market liquidity with a commission fee.
Globex360 offers four main account types: Micro, Standard, Premium, and VIP. The Micro account has a minimum deposit of $10 and a maximum leverage of 1:400. The Standard account has a minimum deposit of $100 and a maximum leverage of 1:400. The Premium account has a minimum deposit of $500 and a maximum leverage of 1:400. The VIP account has a minimum deposit of $1000 and a maximum leverage of 1:400.
Forex.com vs Globex360 Deposit Options Comparison
Forex.com offers various deposit and withdrawal options, including bank wire transfer, credit/debit card, PayPal, Skrill, Neteller, and UnionPay. The processing time for deposits is instant for most methods, except for bank wire transfer which can take up to two business days. The processing time for withdrawals is one business day for most methods, except for bank wire transfer which can take up to five business days.
Globex360 also offers various deposit and withdrawal options, including bank wire transfer, credit/debit card, PayPal, Skrill, Neteller, FNB eWallets (South Africa only), MTN Mobile Money (Ghana only), M-Pesa (Kenya only), Airtel Money (Uganda only), EcoCash (Zimbabwe only), and Bitcoin. The processing time for deposits is instant for most methods, except for bank wire transfer which can take up to two business days. The processing time for withdrawals is same day for most methods.
Forex.com vs Globex360 Trading Platforms Comparison
Forex.com offers two main trading platforms: Advanced Trading Platform and MetaTrader 4 (MT4). The Advanced Trading Platform is a feature-rich, fully customizable platform with a full breadth of mobile solutions. The MT4 platform is a cross-market platform with rich charting and automated trading features.
Globex360 also offers two main trading platforms: MetaTrader 5 (MT5) and TradingView. The MT5 platform is an upgraded version of MT4 with more advanced features and functionalities. The TradingView platform is a web-based platform that allows traders to access live quotes, interactive charts, and various indicators.
Forex.com vs Globex360 Analytical Tools Comparison
Forex.com provides traders with various analytical tools, such as advanced charting, streaming market commentary, Forex.com research, Reuters news, economic calendar, Trading Central, quantitative and technical analysis, and technical chart pattern analysis.
Globex360 also provides traders with various analytical tools, such as streaming market commentary, Globex360 research, Reuters news, economic calendar, EA hosting, trade sentiment tool, correlation trader, and indicator-based alerts.
Forex.com vs Globex360. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better, as different traders may have different preferences and needs. However, based on the comparison of Forex.com and Globex360, here are some possible factors that you may consider when choosing a forex broker:
- Regulation: Forex.com is regulated by more authorities than Globex360, which may give you more confidence and protection when trading with them. However, Globex360 is also regulated by the FSCA in South Africa, which is a reputable regulator in the region.
- Trading Assets: Forex.com offers more trading instruments than Globex360, which may give you more opportunities and diversification in your trading portfolio. However, Globex360 also offers a wide range of trading instruments, including some local markets that Forex.com does not cover.
- Trading Fees: Globex360 charges lower trading fees than Forex.com, which may save you money and increase your profits in the long run. Globex360 does not charge any commission or deposit/withdrawal fees, and has very low spreads on all account types. Forex.com charges a commission on the Commission and DMA accounts, and has higher spreads on the Standard account.
- Account Types: Globex360 offers more account types than Forex.com, which may give you more flexibility and options in your trading style and preferences. Globex360 has four account types with different minimum deposits and leverage levels. Forex.com has three account types with different spreads and commission fees.
- Deposit and Withdrawal Options: Globex360 offers more deposit and withdrawal options than Forex.com, which may give you more convenience and accessibility in your fund management. Globex360 supports various local payment methods, such as FNB eWallets, MTN Mobile Money, M-Pesa, Airtel Money, EcoCash, and Bitcoin. Forex.com supports mainly international payment methods, such as bank wire transfer, credit/debit card, PayPal, Skrill, Neteller, and UnionPay.
- Trading Platforms: Globex360 offers more advanced trading platforms than Forex.com, which may give you more functionality and features in your trading experience. Globex360 supports MetaTrader 5 (MT5) and TradingView platforms, which are both upgraded versions of MetaTrader 4 (MT4) and Advanced Trading Platform respectively. Forex.com supports MT4 and Advanced Trading Platform platforms.
- Analytical Tools: Both Forex.com and Globex360 offer various analytical tools to help you with your trading decisions and strategies. However, some tools may be exclusive to one broker or the other, such as Trading Central for Forex.com and EA hosting for Globex360 . You may want to compare the tools that each broker offers and see which ones suit your needs better.
Ultimately, the choice of a forex broker depends on your personal preferences and goals. You may want to try out both brokers with a demo account first before making a final decision.
