Compare Forexee vs Globex360
What is Forexee? What is Globex360?
Forexee is an ECN/DMA online foreign exchange forex broker and currency trading platform that has been on the market since 2004. Forexee offers trading with Forex and CFDs, indices, precious metals, energy and crypto.
Globex360 is a leading global online trading provider that was launched in 2017 by Globex360 (PTY) LTD, a company registered under the South African Financial Sector Conduct Authority (FSCA) regulations. Globex360 offers trading with Forex and CFDs, indices, precious metals, energy and crypto.
Forexee vs Globex360 Regulation Comparison
Both Forexee and Globex360 are regulated by the FSCA, which is the top-tier financial regulator in South Africa. Forexee has the FSP number 44206, while Globex360 has the FSP number 50130. This means that both brokers offer a high level of security and transparency to their clients.
Forexee vs Globex360 Trading Assets Comparison
Both Forexee and Globex360 offer a wide range of trading assets, including Forex, CFDs, indices, precious metals, energy and crypto. However, Globex360 also offers US stock trading and international stock trading, which are not available on Forexee. Forexee has 49 currency pairs, while Globex360 has 50 currency pairs. Both brokers offer major, minor and exotic pairs.
Forexee vs Globex360 Trading Fees Comparison
Both Forexee and Globex360 charge commissions on their trades, but the amount varies depending on the account type and the trading instrument. Forexee has four account types: STP, Basic ECN, Advanced ECN and Premium ECN. Globex360 has three account types: Classic, Premium and Private Wealth. The table below summarizes the main differences in fees between the two brokers:
| Account Type | Minimum Deposit | Average Spread for EUR/USD | Commission per Lot |
|---|---|---|---|
| Forexee STP | $50 | 0.5 pips | None |
| Forexee Basic ECN | $200 | 0 pips | $5 |
| Forexee Advanced ECN | $1000 | 0 pips | $2.5 |
| Forexee Premium ECN | $5000 | 0 pips | $1.8 |
| Globex360 Classic | $250 | 1.2 pips | $10 |
| Globex360 Premium | $1000 | 0.9 pips | $8 |
| Globex360 Private Wealth | $5000+ | Custom | Custom |
As can be seen from the table, Forexee offers lower spreads and commissions than Globex360, especially for ECN accounts. However, Globex360 also offers custom spreads and commissions for its Private Wealth account holders.
Forexee vs Globex360 Account Types Comparison
- Forexee has four account types and Globex360 has three account types. The main differences between them are the minimum deposit, the leverage, the spreads and the commissions. The table below summarizes the main features of each account type:
| Account Type | Minimum Deposit | Leverage | Spreads | Commissions |
|---|---|---|---|---|
| Forexee STP | $50 | Up to 1:500 | From 0.5 pips | None |
| Forexee Basic ECN | $200 | Up to 1:500 | From 0 pips | $5 per lot |
| Forexee Advanced ECN | $1000 | Up to 1:500 | From 0 pips | $2.5 per lot |
| Forexee Premium ECN | $5000 | Up to 1:500 | From 0 pips | $1.8 per lot |
| Globex360 Classic | $250 | Up to 1:200 | From 1.2 pips | $10 per lot |
| Globex360 Premium | $1000 | Up to 1:300 | From 0.9 pips | $8 per lot |
| Globex360 Private Wealth | $5000+ | Custom | Custom | Custom |
Forexee vs Globex360 Deposit Options Comparison
| Option | Forexee | Globex360 |
|---|---|---|
| Bank Wire Transfer | Yes | Yes |
| Credit/Debit Cards | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
| WebMoney | Yes | No |
| Perfect Money | Yes | No |
| FasaPay | Yes | No |
| Bitcoin | Yes | No |
| Ethereum | Yes | No |
| Litecoin | Yes | No |
| Tether | Yes | No |
Forexee vs Globex360 Trading Platforms Comparison
Both Forexee and Globex360 offer the MetaTrader 4 (MT4) platform as their main trading platform. MT4 is a globally recognized trading platform that allows traders to analyze the markets and place trades in real-time. MT4 also supports automated trading, social trading and custom indicators and expert advisors.
However, Forexee also offers the MetaTrader 5 (MT5) platform, which is an upgraded version of MT4 that has more features and capabilities. MT5 supports more trading instruments, more order types, more analytical tools and more timeframes than MT4. Globex360 does not offer MT5 or any other trading platform.
Forexee vs Globex360 Analytical Tools Comparison
Both Forexee and Globex360 offer a range of analytical tools for their clients, including economic calendars, market news, trading signals, social sentiment and copy trading. However, Forexee also offers some additional tools, such as level 2 market depth, slippage control and ECN technology. These tools help traders to get more information and control over their trades and execution. Globex360 does not offer these tools or any other advanced tools such as Trading Central or AutoChartist.
Forexee 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 advice on which broker might be better for you.
- If you are looking for a broker that offers lower spreads and commissions, higher leverage, more deposit and withdrawal options, and more advanced trading platforms and tools, then Forexee might be a better choice for you. Forexee has four account types that cater to different levels of traders, from beginners to professionals. Forexee also supports both MT4 and MT5 platforms, which are widely used and trusted by traders around the world. Forexee also offers some unique features such as level 2 market depth, slippage control and ECN technology, which can enhance your trading experience and performance.
- If you are looking for a broker that offers more trading assets, especially US and international stocks, and custom spreads and commissions for high-net-worth clients, then Globex360 might be a better choice for you. Globex360 has three account types that suit different types of traders, from casual to serious. Globex360 also offers MT4 platform, which is a popular and user-friendly platform that supports various trading functions and features. Globex360 also offers some useful tools such as economic calendars, market news, trading signals, social sentiment and copy trading, which can help you stay updated and informed about the market trends and opportunities.
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 services and platforms before making a final decision.
