Compare Globex360 vs eToro
What is Globex360? What is eToro?
Globex360 is a South African brokerage platform launched in 2017 by Globex360 (PTY) LTD, a company regulated by the South African Financial Sector Conduct Authority (FSCA). It offers trading with forex and CFDs on various assets, such as stocks, commodities, indices, and cryptocurrencies.
eToro is a global online trading platform founded in 2007 by Yoni Assia, Ronen Assia, and David Ring. It is regulated by various authorities around the world, such as the FCA in the UK, CySEC in Cyprus, ASIC in Australia, and FinCEN in the US. It offers trading and investing in stocks, ETFs, forex, CFDs, and cryptocurrencies. It also features social trading and copy trading services.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
Globex360 vs eToro Regulation Comparison
Both Globex360 and eToro are regulated by reputable financial authorities in their respective jurisdictions. Globex360 holds a license from the FSCA with the FSP number 50130. eToro holds licenses from the FCA with the FRN number 583263, CySEC with the license number 109/10, ASIC with the AFSL number 491139, and FinCEN with the MSB registration number 31000140580032.
However, eToro has a wider global reach than Globex360, as it operates in more than 140 countries, while Globex360 mainly focuses on traders from the African continent. Therefore, eToro may be more suitable for traders who want to access more markets and enjoy more regulatory protection.
Globex360 vs eToro Trading Assets Comparison
Both Globex360 and eToro offer a variety of trading assets for their clients. Globex360 provides access to over 200 instruments, including forex pairs, stocks, commodities, indices, and cryptocurrencies. eToro offers over 3,000 instruments, including stocks, ETFs, forex pairs, commodities, indices, cryptocurrencies, and thematic portfolios.
However, eToro has an advantage over Globex360 in terms of stock and ETF trading, as it allows clients to trade these assets without paying any commission fees. Globex360 charges commission fees for stock and ETF CFDs based on the market conditions. Therefore, eToro may be more suitable for traders who want to trade stocks and ETFs at a lower cost.
Globex360 vs eToro Trading Fees Comparison
- Both Globex360 and eToro charge fees for their trading services. Globex360 charges spreads, commissions, swap fees, and inactivity fees. eToro charges spreads, conversion fees, withdrawal fees, and inactivity fees.
- The spreads and commissions vary depending on the instrument and account type. Globex360 offers three account types: Classic, Premium, and Private Wealth. The minimum deposit for each account is $250, $1,000, and $5,000 respectively. The spreads start from 1.2 pips for the Classic account, 0.9 pips for the Premium account, and custom spreads for the Private Wealth account. The commissions are based on the market conditions and are displayed on the trading platform.
- eToro offers only one account type for all clients. The minimum deposit is $200 for most countries and $50 for US clients. The spreads start from 0.75 pips for forex pairs, 0.09% for stocks and ETFs (no commission), 0.75% for cryptocurrencies (except Bitcoin which is 0.25%), 2 pips for commodities (except gold which is 0.45%), and 100 pips for indices.
- The swap fees are charged for holding positions overnight or over the weekend. Globex360 charges swap fees based on the market conditions and are displayed on the trading platform. eToro charges swap fees based on a percentage of the position value and are displayed on the trading platform as well.
- The inactivity fees are charged for not using the trading account for a certain period of time. Globex360 charges an inactivity fee of $10 per month after six months of no trading activity. eToro charges an inactivity fee of $10 per month after 12 months of no login activity.
- The conversion fees are charged for converting currencies when depositing or withdrawing funds. Globex360 does not charge any conversion fees as it accepts deposits and withdrawals only in USD. eToro charges conversion fees based on a percentage of the transaction value depending on the currency pair involved.
- The withdrawal fees are charged for processing withdrawal requests. Globex360 does not charge any withdrawal fees as it covers the bank charges for its clients. eToro charges a flat withdrawal fee of $5 for each withdrawal request.
Globex360 vs eToro Account Types Comparison
Globex360 offers three account types: Classic, Premium, and Private Wealth. The main differences between these account types are the minimum deposit, the spreads, the leverage, and the additional features. The Classic account requires a minimum deposit of $250, offers spreads from 1.2 pips, leverage up to 1:200, and access to forex, commodities, and indices. The Premium account requires a minimum deposit of $1,000, offers spreads from 0.9 pips, leverage up to 1:300, and access to all instruments, including stocks and cryptocurrencies. The Premium account also provides access to copy trading, beginner access to the academy, and fast withdrawal time. The Private Wealth account requires a minimum deposit of $5,000 or more, offers custom spreads and leverage, and access to all instruments and features. The Private Wealth account also provides access to ECN accounts, full access to the academy, priority withdrawals, automated trading, VIP events, and dedicated account managers.
eToro offers only one account type for all clients. The minimum deposit is $200 for most countries and $50 for US clients. The leverage is up to 1:30 for EU clients and up to 1:400 for non-EU clients. The leverage is also different for different instruments. For example, the leverage for forex pairs is up to 1:30, for stocks and ETFs is up to 1:5, for cryptocurrencies is up to 1:2, for commodities is up to 1:10, and for indices is up to 1:20. eToro also offers an Islamic account for Muslim clients who want to trade according to the Sharia law. The Islamic account requires a minimum deposit of $1,000 and does not charge any swap fees or interest on positions held overnight or over the weekend.
Globex360 vs eToro Deposit Options Comparison
Both Globex360 and eToro offer various deposit and withdrawal options for their clients. Globex360 accepts deposits and withdrawals only in USD via bank wire transfer, credit/debit cards (Visa/Mastercard), Skrill, Neteller, Perfect Money, WebMoney, FasaPay, Payeer, AdvCash, Payoneer, PayPal, Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple. eToro accepts deposits and withdrawals in various currencies via bank wire transfer, credit/debit cards (Visa/Mastercard), Skrill, Neteller, PayPal.
However, eToro has an advantage over Globex360 in terms of deposit and withdrawal speed and convenience. Globex360 processes deposits within 24 hours and withdrawals within 48 hours. eToro processes deposits instantly (except for bank wire transfer which may take up to five business days) and withdrawals within one business day. eToro also allows clients to deposit funds using local online banking methods in some countries.
Globex360 vs eToro Trading Platforms Comparison
Both Globex360 and eToro offer user-friendly and intuitive trading platforms for their clients. Globex360 provides access to the MetaTrader 4 (MT4) platform, which is one of the most popular and widely used trading platforms in the world. MT4 offers advanced charting tools, technical indicators, market news, automated trading strategies (Expert Advisors), and customizability.
eToro provides access to its own proprietary platform, which is designed for social trading and copy trading services. eToro’s platform offers simple charting tools, social feeds, market news, copy portfolios (thematic portfolios based on market trends or top-performing traders), and copy trader (the ability to automatically copy the trades of other investors).
Globex360 vs eToro Analytical Tools Comparison
Globex360 uses the MetaTrader 4 (MT4) platform, which offers advanced charting tools, technical indicators, market news, automated trading strategies (Expert Advisors), backtesting tools, and custom indicators and scripts.
eToro uses its own proprietary platform, which offers simple charting tools, social feeds, market news, copy portfolios, and copy trader.
Globex360’s platform has more features and functions for technical analysis, automated trading, and backtesting than eToro’s platform.
eToro’s platform has more features and functions for social trading, copy trading, and thematic investing than Globex360’s platform.
Globex360 vs eToro. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, risk appetite and other factors. You should compare the features, fees, platforms and services of different brokers and decide which one suits you best. You can use the information I provided earlier for your reference, but you should also do your own research and appraisal.
