Globex360 Broker Review

Is Globex360 a scam?

Globex360 is a trading platform that is owned and operated by Globex360 (PTY) LTD, which is a company registered in South Africa. The platform is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 54135.

As a regulated platform, Globex360 is required to comply with strict rules and regulations to ensure the safety and security of its clients. This includes maintaining sufficient capital reserves, segregating client funds from the company’s operational funds, and implementing strict security measures to protect client information and transactions.

In addition to regulatory oversight, Globex360 also employs advanced security protocols such as SSL encryption and two-factor authentication to further protect clients’ data and accounts. The platform also offers negative balance protection to ensure that traders cannot lose more than their account balance, and its pricing and execution are audited by a third-party to ensure fairness and transparency.

Overall, Globex360’s regulation and safety measures demonstrate its commitment to providing a secure and trustworthy trading environment for its clients.

Globex360 Trading Platforms

Globex360 offers its clients two main trading platforms:

1. MetaTrader 5 (MT5) – MT5 is a widely used trading platform that provides access to various financial markets, including forex, commodities, indices, and cryptocurrencies. It offers advanced charting tools, technical indicators, and trading strategies, making it a popular choice among traders.
2. Globex360 WebTrader – WebTrader is an online trading platform that is accessible through a web browser. It provides traders with access to the same financial markets as MT5, as well as real-time pricing, charting tools, and technical analysis indicators. The platform also allows traders to place orders and manage their accounts from anywhere with an internet connection.

Both platforms offer a user-friendly interface and are available on desktop and mobile devices. Globex360 also provides a mobile app for both Android and iOS devices, which allows traders to access their accounts and trade on the go. Overall, Globex360’s trading platforms provide a range of tools and features to help traders execute their strategies effectively.

Products Globex360 provides

Globex360 provides its clients with access to a range of financial products, including:

1. Forex: Globex360 offers trading in major, minor, and exotic currency pairs. Traders can use leverage to amplify their trading positions, and the platform offers competitive spreads.
2. Commodities: The platform allows traders to trade commodities such as gold, silver, oil, and natural gas. These markets offer opportunities for diversification and hedging strategies.
3. Indices: Globex360 provides access to major stock indices such as the S&P 500, NASDAQ, and the FTSE 100. These markets offer exposure to a broad range of companies and industries.
4. Cryptocurrencies: The platform allows traders to trade popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. These markets offer opportunities for high volatility and potential profits.
5. Shares: Globex360 also provides access to share trading, allowing traders to invest in individual companies such as Apple, Amazon, and Tesla.

Overall, Globex360’s range of products allows traders to diversify their portfolios and access a variety of financial markets.

Globex360 account types

Globex360 offers several types of trading accounts to suit the needs of different traders. The account types are as follows:

1. Demo Account: A demo account allows traders to practice trading with virtual funds without risking any real money. It is an excellent way for beginners to get started in trading and for experienced traders to test their strategies.
2. Micro Account: The Micro account is designed for traders who want to start trading with a small amount of capital. It has a minimum deposit requirement of $10 and offers a low-risk trading environment with low trading costs.
3. Standard Account: The Standard account is designed for more experienced traders who want to trade larger volumes. It has a minimum deposit requirement of $100 and offers competitive spreads and trading costs.
4. Islamic Account: The Islamic account is designed for traders who follow Islamic finance principles. It operates on a swap-free basis, and no interest is charged or paid on positions held overnight.

All of Globex360’s account types offer access to its trading platforms, educational resources, and customer support. Traders can choose the account type that best suits their needs based on their trading experience, risk tolerance, and trading goals.

Globex360 trading fees

Globex360 charges trading fees in the form of spreads and commissions, depending on the account type and the financial product being traded.

For forex trading, Globex360 charges variable spreads, which start from as low as 0.0 pips on the EUR/USD currency pair. For other financial products, such as commodities, indices, and cryptocurrencies, the platform charges fixed spreads, which vary depending on the product.

Globex360 charges a commission of $7 per lot for forex trading on its Micro and Standard accounts. The Islamic account does not charge any commissions, but the spreads are slightly higher than on the other account types.

There are no deposit or withdrawal fees charged by Globex360, and traders can fund their accounts using a variety of payment methods, including bank wire transfer, credit/debit cards, and e-wallets.

Overall, Globex360’s trading fees are competitive compared to other trading platforms, and the transparency of its fee structure allows traders to accurately calculate their trading costs.

Globex360 Funding and Withdrawal Options

Globex360 offers a variety of funding and withdrawal options to its clients, including:

1. Deposit Options: Traders can fund their accounts using bank wire transfer, credit/debit cards (Visa/Mastercard), and e-wallets (Neteller, Skrill, and FasaPay). There are no deposit fees charged by Globex360, and deposits are usually processed within 24 hours.
2. Withdrawal Options: Traders can withdraw funds from their accounts using the same methods as deposits. There are no withdrawal fees charged by Globex360, and withdrawals are usually processed within 24-48 hours.
3. Fees and Processing Time: As mentioned above, there are no deposit or withdrawal fees charged by Globex360. However, traders should note that their payment provider may charge fees for transactions. The processing time for deposits and withdrawals may vary depending on the payment method and the client’s bank.

Overall, Globex360’s funding and withdrawal options are flexible and convenient, allowing traders to easily fund their accounts and withdraw their profits. The lack of fees charged by the platform is also a significant benefit for traders.

Globex360′ promotions

Globex360 offers various promotions and bonuses to its clients from time to time. However, it is important to note that these promotions may vary depending on the client’s country of residence, account type, and trading activity. Some of the promotions offered by Globex360 may include:

1. Welcome Bonus: Globex360 offers a welcome bonus to new clients who open and fund a trading account. The bonus amount may vary depending on the account type and the deposit amount.
2. Deposit Bonus: Globex360 may offer deposit bonuses to clients who make a qualifying deposit into their trading accounts. The bonus amount may vary depending on the deposit amount and the account type.
3. Rebate Programs: Globex360 may offer rebate programs to clients who trade a certain volume or reach specific trading milestones. The rebate amount may vary depending on the client’s trading activity.
4. Referral Program: Globex360 offers a referral program that allows clients to earn bonuses by referring new clients to the platform. The bonus amount may vary depending on the referral’s trading activity.

It is important to note that terms and conditions apply to all of Globex360’s promotions, and clients should carefully read and understand these before participating in any promotional offers. Additionally, clients should consider the risks associated with trading before participating in any promotions.

Globex360 customer support

Globex360 offers customer support via multiple channels, including:

1. Live Chat: The platform’s live chat feature is available 24/5 and allows clients to connect with a support representative in real-time.
2. Email: Clients can also contact Globex360’s support team via email, and the platform typically responds to queries within 24 hours.
3. Phone: Clients can contact Globex360’s support team via phone, and the platform provides phone numbers for various countries on its website.
4. Social Media: Globex360 is active on social media platforms such as Facebook, Twitter, and Instagram, and clients can reach out to the platform via these channels as well.

In addition to these support channels, Globex360 provides an extensive FAQ section on its website that covers a range of topics, including account opening, trading platforms, funding and withdrawals, and trading conditions. The FAQ section is a valuable resource for clients who have general queries and want quick answers.

Overall, Globex360’s customer support is comprehensive and responsive, and the platform’s support team is knowledgeable and helpful.

Globex360 Educational Resources

Globex360 offers a range of educational resources to its clients, aimed at helping traders improve their knowledge and skills in the financial markets. Some of the educational resources offered by the platform include:

1. Trading Academy: Globex360’s trading academy provides traders with access to a variety of educational materials, including video tutorials, e-books, and webinars. The trading academy covers topics such as trading strategies, technical analysis, fundamental analysis, and risk management.
2. Economic Calendar: Globex360 provides an economic calendar on its website, which displays upcoming economic events and their expected impact on the financial markets. This tool is useful for traders who want to stay informed about market-moving events.
3. Market Analysis: Globex360 provides regular market analysis and commentary on its website, covering a range of financial products, including forex, commodities, and indices. The platform’s market analysis includes technical and fundamental analysis, as well as insights into market trends and news events.
4. Trading Tools: Globex360 provides a range of trading tools to help traders make informed trading decisions, including price charts, market sentiment indicators, and trading calculators.

Overall, Globex360’s educational resources are comprehensive and useful for traders of all skill levels. The platform’s trading academy is particularly helpful for traders who are new to the financial markets and want to learn more about trading strategies and risk management.

Pros and cons of Globex360

Pros:

1. Regulated and Secure: Globex360 is regulated by top-tier regulatory bodies and is committed to providing a secure trading environment for its clients.
2. Multiple Trading Platforms: Globex360 offers multiple trading platforms, including MetaTrader 4 and 5, which provide a range of trading tools and features.
3. Wide Range of Tradable Products: Globex360 offers a wide range of financial products, including forex, commodities, and indices, allowing traders to diversify their trading portfolios.
4. Flexible Account Types: Globex360 offers a range of account types, including demo accounts and Islamic accounts, which cater to the needs of different types of traders.
5. Educational Resources: Globex360 provides a range of educational resources to its clients, including trading academies, market analysis, and trading tools, aimed at improving traders’ knowledge and skills.

Cons:

1. Limited Customer Support: While Globex360’s customer support is generally responsive and helpful, it is only available during specific hours and may not be available in all languages.
2. Limited Funding Options: While Globex360 offers a range of deposit and withdrawal options, the platform does not support some popular payment methods, such as PayPal.
3. Limited Promotions: While Globex360 offers promotions and bonuses to its clients from time to time, the platform’s promotional offerings are not as extensive as some other trading platforms.
4. Limited Research: While Globex360 provides regular market analysis and commentary, the platform’s research offerings may not be as extensive as some other trading platforms.
5. Limited Trading Tools: While Globex360 offers a range of trading tools, some traders may find that the platform’s trading tools are not as comprehensive as some other trading platforms.

Overall, Globex360 is a reliable and secure trading platform that offers a wide range of trading products and educational resources. However, traders should consider their individual needs and preferences when evaluating the platform’s pros and cons.

Frequently asked questions about Globex360

Is Globex360 regulated?

Yes, Globex360 is regulated by several top-tier regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Financial Sector Conduct Authority (FSCA) in South Africa.

What trading platforms does Globex360 offer?

Globex360 offers multiple trading platforms, including MetaTrader 4 and 5, as well as its own proprietary trading platform, Globex360 Trader.

What financial products can I trade on Globex360?

pGlobex360 offers a wide range of financial products, including forex, commodities, indices, and cryptocurrencies.

What are the deposit and withdrawal options on Globex360?

Globex360 supports a range of deposit and withdrawal options, including bank wire transfers, credit/debit cards, and e-wallets, such as Skrill and Neteller.

Does Globex360 offer demo accounts?

Yes, Globex360 offers demo accounts, which allow traders to practice trading strategies and test the platform’s features and tools without risking real money.

Does Globex360 offer Islamic accounts?

Yes, Globex360 offers Islamic accounts, which comply with Sharia law and do not charge swap or rollover fees on overnight positions.

Does Globex360 offer educational resources?

Yes, Globex360 offers a range of educational resources, including trading academies, market analysis, and trading tools, aimed at improving traders’ knowledge and skills.

What are the trading fees on Globex360?

Globex360’s trading fees vary depending on the account type and financial product being traded. Traders should consult the platform’s website for the latest information on trading fees.

What customer support options are available on Globex360?

Globex360 provides customer support via live chat, email, phone, and social media, as well as an extensive FAQ section on its website.