Compare Globex360 vs Markets.com
What is Globex360? What is Markets.com?
Globex360 is a South African brokerage platform launched in 2017 by Globex360 (PTY) LTD, a company registered under the South African Financial Sector Conduct Authority (FSCA) regulations. With services available globally, the platform primarily focuses on traders from the African continent.
Markets.com is a global online trading provider, offering trading with Forex and CFDs, indices, precious metals, energy and crypto. It is operated by TradeTech Markets (South Africa) (Pty) Limited, which is also regulated by the FSCA.
Globex360 vs Markets.com Regulation Comparison
Globex360 and Markets.com are both regulated by the FSCA, which is the top-tier financial regulator in South Africa. This means that they have to comply with strict rules and standards to ensure the safety and security of their clients’ funds and data. Both platforms also segregate their client funds from their own operational funds, and offer negative balance protection to prevent clients from losing more than their initial deposit.
Globex360 vs Markets.com Trading Assets Comparison
Globex360 and Markets.com offer a wide range of trading assets to their clients, including Forex, commodities, indices, stocks, ETFs and cryptocurrencies.
However, Markets.com has a larger and more diverse portfolio of assets than Globex360, with over 2200 instruments available compared to Globex360’s 500+ instruments. Markets.com also offers bonds and blends as additional asset classes that are not available on Globex360.
Globex360 vs Markets.com Trading Fees Comparison
Globex360 and Markets.com have different fee structures for their trading services. Globex360 charges commissions on some of its account types, such as the ECN account and the Private Wealth account, while Markets.com does not charge any commissions on any of its account types. However, Markets.com may charge higher spreads than Globex360 on some instruments, depending on the market conditions and the account type. Both platforms also charge swap fees for holding positions overnight, as well as inactivity fees for dormant accounts.
Globex360 vs Markets.com Account Types Comparison
Globex360 offers four account types to its clients: Classic, Premium, Private Wealth and ECN. The minimum deposit for each account type ranges from $250 to $5000+, and the leverage varies from 1:200 to custom levels. The spreads also differ depending on the account type, with the ECN account offering the lowest spreads from 0 pips.
Markets.com offers two account types to its clients: Standard and Premium. The minimum deposit for both account types is $250, and the leverage is up to 1:300. The spreads are variable and depend on the instrument and the market conditions.
Globex360 vs Markets.com Deposit Options Comparison
Globex360 and Markets.com both support various deposit and withdrawal options for their clients, such as credit/debit cards, bank transfers, e-wallets and local payment methods.
However, Globex360 has more local payment options for African traders than Markets.com, such as Ozow, PayFast, EFT Secure and PayGate. Both platforms process deposits instantly or within a few hours, while withdrawals may take up to 24 hours or longer depending on the method used.
Globex360 vs Markets.com Trading Platforms Comparison
Globex360 and Markets.com both use MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their main trading platforms. These are globally recognised trading platforms that allow traders to analyse the markets and place trades in real-time. They also support automated trading, custom indicators and expert advisors. Both platforms also offer web-based and mobile versions of their trading platforms for convenience and accessibility.
Globex360 vs Markets.com Analytical Tools Comparison
Globex360 and Markets.com both provide various analytical tools to help their clients make informed trading decisions. These include market news, economic calendars, trading signals, technical analysis tools, charting tools and indicators.
However, Markets.com also offers some unique features that are not available on Globex360, such as Trading Central, which provides market insights from professional analysts; Trending Now, which shows the most popular instruments among traders; Events & Trade, which shows how major events affect the markets; and Multipliers, which allow traders to increase their exposure with a fixed leverage ratio.
Globex360 vs Markets.com. 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, preferences and goals. There is no definitive answer to which broker is better, as different brokers may suit different traders. However, you can consider some of the following factors to help you make your choice:
- If you are looking for a broker with a larger and more diverse portfolio of trading assets, you may prefer Markets.com over Globex360, as it offers over 2200 instruments compared to Globex360’s 500+ instruments .
- If you are looking for a broker with lower trading fees, you may prefer Globex360 over Markets.com, as it offers lower spreads on some of its account types, such as the ECN account, while Markets.com does not charge any commissions on any of its account types .
- If you are looking for a broker with more local payment options for African traders, you may prefer Globex360 over Markets.com, as it supports various local methods such as Ozow, PayFast, EFT Secure and PayGate .
- If you are looking for a broker with more unique features and tools to enhance your trading experience, you may prefer Markets.com over Globex360, as it offers features such as Trading Central, Trending Now, Events & Trade and Multipliers.
Ultimately, the best way to decide which broker is better for you is to try them out yourself and see which one meets your needs and expectations. You can open a demo account with both brokers and test their platforms and services before making a final decision.
