Compare FXOpen vs Globex360
What is FXOpen? What is Globex360?
FXOpen is a forex broker that was established in 2003 and is regulated by several authorities, including the FCA, ASIC, and CySEC. FXOpen offers ECN, STP, Crypto, and Micro accounts with various trading instruments, such as forex, CFDs, cryptocurrencies, and metals.
Globex360 is a forex broker that was established in 2017 and is regulated by the FSCA. Globex360 offers Standard, Premium, Premium+, and Private Wealth accounts with various trading instruments, such as forex, CFDs, stocks, indices, commodities, and ETFs.
FXOpen vs Globex360 Regulation Comparison
FXOpen has more regulatory licenses than Globex360, which may indicate a higher level of trustworthiness and security for traders. FXOpen is regulated by the FCA in the UK, ASIC in Australia, CySEC in Cyprus, and the Financial Commission in the UK. Globex360 is only regulated by the FSCA in South Africa.
FXOpen vs Globex360 Trading Assets Comparison
FXOpen and Globex360 have different trading assets available for their clients. FXOpen offers 50+ currency pairs, 25+ cryptocurrency CFDs, shares CFDs, index CFDs, spot metals CFDs, and commodity CFDs. Globex360 offers 50 currency pairs, gold and silver, crypto CFDs, stocks CFDs, index CFDs, commodity CFDs, and ETF CFDs.
FXOpen vs Globex360 Trading Fees Comparison
FXOpen and Globex360 have different trading fees depending on the account type and the trading instrument. FXOpen charges commissions from $1.5 per lot on ECN accounts and 0.5% of trade volume on Crypto accounts. FXOpen also has variable spreads that start from 0 pips on ECN accounts and from 0.1 pips on STP accounts. Globex360 does not charge commissions on any account type but has variable spreads that start from 1.4 pips on Standard accounts and from 0 pips on Private Wealth accounts.
FXOpen vs Globex360 Account Types Comparison
FXOpen and Globex360 have different account types that cater to different levels of traders. FXOpen offers four account types: ECN, STP, Crypto, and Micro. The minimum deposit for ECN and STP accounts is $100, for Crypto accounts is $10, and for Micro accounts is $1. The maximum leverage for all account types is 1:500.
Globex360 offers four account types: Standard, Premium, Premium+, and Private Wealth. The minimum deposit for Standard accounts is $20, for Premium accounts is $100, for Premium+ accounts is $1 000, and for Private Wealth accounts is $5 000. The maximum leverage for all account types is 1:300.
FXOpen vs Globex360 Deposit Options Comparison
FXOpen and Globex360 have different deposit and withdrawal options for their clients. FXOpen accepts wire transfer, credit/debit cards, FasaPay, crypto currencies (such as Bitcoin, Litecoin, Ethereum), Crypto Cash (such as USDT), WebMoney, and AdvCash as payment methods. Globex360 accepts credit/debit cards, Neteller, Skrill, wire transfer, crypto currencies (such as Bitcoin), Ethereum (such as USDT) as payment methods.
FXOpen vs Globex360 Trading Platforms Comparison
FXOpen and Globex360 have different trading platforms that they offer to their clients. FXOpen supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), TickTrader (a proprietary platform), and TradingView (a web-based platform). Globex360 supports MetaTrader 5 (MT5) and ParagonEX (a proprietary platform).
FXOpen vs Globex360 Analytical Tools Comparison
FXOpen and Globex360 have different analytical tools that they provide to their clients. FXOpen offers market news (on its website), economic calendar (on its website), market analysis (on its blog), volatility analysis (on TickTrader), trading signals (on MT4/MT5), social trading (on TickTrader), VPS service (for a fee), PAMM service (for money managers), MAM service (for money managers), API trading (for advanced traders), and educational resources (on its website).
Globex360 offers market news (on its website), economic calendar (on its website), market analysis (on its blog), crowd trading insights (on ParagonEX), social trading (on ParagonEX), VPS service (for a fee), educational resources (on its website), and traders academy (coming soon).
FXOpen vs Globex360. Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their trading style, preferences, goals and risk tolerance. Therefore, you should do your own research and compare brokers based on criteria that are important to you, such as regulations, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, analytical tools and customer support. You should also test the broker’s services and platforms with their demo account or minimum deposit before signing up for a real account. Ultimately, the best forex broker for you is the one that meets your needs and expectations.
