Compare Globex360 vs NAGA
What is Globex360? What is NAGA?
Globex360 is a forex broker that was established in 2017 and is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. It offers access to various trading instruments, including forex, indices, commodities, equities, and cryptocurrencies. It also provides low trading fees, no deposit or withdrawal fees, and a variety of account types tailored to different trader experiences.
NAGA is a social trading platform that was founded in 2015 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) in Seychelles. It allows traders to copy the trades of other successful traders, invest in stocks, ETFs, and cryptocurrencies, and participate in a community of over 1 million users. It also offers zero commission trading, low spreads, and a range of account types with different features and benefits.
Globex360 vs NAGA Regulation Comparison
Globex360 is regulated by the FSCA in South Africa, which is a reputable regulator that ensures the broker complies with strict standards of conduct and transparency. Globex360 also keeps client funds in segregated accounts, which means they are separate from the company’s funds and protected in case of insolvency.
NAGA is regulated by the CySEC in Cyprus and the FSA in Seychelles, which are both well-known regulators that impose high requirements on the brokers they oversee. NAGA also follows the investor compensation scheme (ICS) of Cyprus, which covers up to 20,000 EUR per client in case of broker default.
Globex360 vs NAGA Trading Assets Comparison
Globex360 offers traders access to a diverse range of trading instruments, including over 50 currency pairs, 15 indices, 10 commodities, 100 equities, and 5 cryptocurrencies. This extensive selection allows traders to diversify their portfolios and capitalize on various market opportunities.
NAGA offers traders access to a similar range of trading instruments, including over 50 currency pairs, 12 indices, 9 commodities, over 950 stocks, over 30 ETFs, and over 20 cryptocurrencies. This wide selection allows traders to explore different markets and invest in various assets.
Globex360 vs NAGA Trading Fees Comparison
Globex360 charges low trading fees, with no deposit or withdrawal fees, no commission fees, and no inactivity fees. The broker makes money from the spreads, which are the difference between the bid and ask prices of an asset. The spreads vary depending on the account type and the trading instrument. For example, the average spread for EUR/USD is 0.0 pips for the ECN account and 1.6 pips for the Standard account.
NAGA charges zero commission fees for most of its trading instruments, except for stocks and ETFs which have a fixed fee of 0.10% per trade. The broker also charges low spreads, which are dynamic and depend on the market conditions and the trading instrument. For example, the average spread for EUR/USD is 1.2 pips for the Iron account and 0.7 pips for the Diamond account. NAGA also charges an inactivity fee of 10 EUR per month after six months of no trading activity.
Globex360 vs NAGA Account Types Comparison
Globex360 offers four types of accounts: Standard, ECN Pro, ECN VIP, and Islamic. The main differences between these accounts are the minimum deposit requirement, the leverage option, the spread level, and the stop out level. The Standard account requires a minimum deposit of $10 USD and offers a leverage of up to 1:400 with variable spreads starting from 1.6 pips. The ECN Pro account requires a minimum deposit of $100 USD and offers a leverage of up to 1:300 with variable spreads starting from 0.0 pips. The ECN VIP account requires a minimum deposit of $500 USD and offers a leverage of up to 1:200 with variable spreads starting from -0.3 pips. The Islamic account is designed for Muslim traders who follow Sharia law and prohibits interest or swap charges on overnight positions.
NAGA offers five types of accounts: Iron, Bronze, Silver, Gold, and Diamond. The main differences between these accounts are the minimum deposit requirement, the leverage option, the spread level, the copy bonus percentage, and the access to premium features. The Iron account requires a minimum deposit of $250 USD and offers a leverage of up to 1:30 with variable spreads starting from 1.2 pips. The Bronze account requires a minimum deposit of $2,500 USD and offers a leverage of up to 1:30 with variable spreads starting from 1.0 pips. The Silver account requires a minimum deposit of $5,000 USD and offers a leverage of up to 1:30 with variable spreads starting from 0.9 pips. The Gold account requires a minimum deposit of $25,000 USD and offers a leverage of up to 1:30 with variable spreads starting from 0.8 pips. The Diamond account requires a minimum deposit of $50,000 USD and offers a leverage of up to 1:30 with variable spreads starting from 0.7 pips. All accounts except the Iron account also offer a copy bonus percentage, which is the percentage of the profit that the copier pays to the copied trader as a reward for their successful trades. The copy bonus percentage ranges from 5% for the Bronze account to 100% for the Diamond account. Additionally, all accounts except the Iron account also have access to premium features, such as personal account manager, NAGA card, NAGA protector, and NAGA academy.
Globex360 vs NAGA Deposit Options Comparison
Globex360 offers various deposit and withdrawal options, including bank wire transfer, credit/debit card, Skrill, Neteller, FNB eWallet, and Bitcoin. The broker does not charge any fees for deposits or withdrawals, and the processing time is usually within the same day. The minimum deposit amount is $10 USD for all methods except bank wire transfer, which has a minimum of $100 USD. The minimum withdrawal amount is $10 USD for all methods except bank wire transfer, which has a minimum of $50 USD.
NAGA offers various deposit and withdrawal options, including bank wire transfer, credit/debit card, Skrill, Neteller, Trustly, Klarna, Rapid Transfer, Giropay, Przelewy24, EPS, iDeal, Multibanco, and NAGA coin. The broker does not charge any fees for deposits or withdrawals, and the processing time is usually within one business day. The minimum deposit amount is $250 USD for all methods except NAGA coin, which has no minimum. The minimum withdrawal amount is $50 USD for all methods except NAGA coin, which has no minimum.
Globex360 vs NAGA Trading Platforms Comparison
Globex360 offers only one trading platform: MetaTrader 4 (MT4). MT4 is a popular and user-friendly platform that supports multiple chart types, indicators, trading tools, and automated trading strategies. MT4 is available as a desktop application, a web-based platform, and a mobile app for iOS and Android devices.
NAGA offers two trading platforms: MetaTrader 4 (MT4) and NAGA Trader. MT4 is the same platform as offered by Globex360, with the same features and functionalities. NAGA Trader is a proprietary platform that integrates social trading features, such as copy trading, news feed, chat rooms, leaderboards, and trade signals. NAGA Trader is available as a web-based platform and a mobile app for iOS and Android devices.
Globex360 vs NAGA Analytical Tools Comparison
Globex360 offers some analytical tools to help traders make informed decisions, such as economic calendar, market news, trading signals, and technical analysis. However, these tools are not very comprehensive or updated regularly. For example, the economic calendar only shows events for the current day and does not provide any impact or forecast data. The market news only covers major headlines and does not offer any in-depth analysis or commentary. The trading signals are provided by third-party providers and are not verified or endorsed by the broker. The technical analysis only covers some basic indicators and patterns and does not offer any guidance or recommendations.
NAGA offers more analytical tools to help traders make informed decisions, such as economic calendar, market news, trading signals, technical analysis, sentiment analysis, and NAGA protector. These tools are more comprehensive and updated regularly. For example, the economic calendar shows events for the current week and provides impact and forecast data. The market news covers both major and minor headlines and offers in-depth analysis and commentary. The trading signals are provided by NAGA’s own team of experts and are verified and endorsed by the broker. The technical analysis covers various indicators and patterns and offers guidance and recommendations.
Globex360 vs NAGA . 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.
