Compare Globex360 vs RoboMarkets
What is Globex360? What is RoboMarkets?
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.
RoboMarkets is a European online trading provider that offers trading with Forex and CFDs, indices, precious metals, energy and crypto. RoboMarkets was founded in 2013 and is regulated by the Cyprus Securities and Exchange Commission (CySEC)
Globex360 vs RoboMarkets Regulation Comparison
Globex360 is regulated by the FSCA with the license number 50130. RoboMarkets is regulated by the CySEC with the license number 191/13 and is also registered with several other European regulators, such as the UK Financial Conduct Authority (FCA), the German Federal Financial Supervisory Authority (BaFin), and the Spanish National Securities Market Commission (CNMV). Both brokers are members of the Investor Compensation Fund (ICF), which protects clients’ funds up to a certain amount in case of the broker’s insolvency.
Globex360 vs RoboMarkets Trading Assets Comparison
Globex360 offers trading on over 12,000 instruments, including Forex, commodities, indices, stocks, ETFs, and crypto. RoboMarkets also offers trading on over 12,000 instruments, including Forex, commodities, indices, stocks, ETFs, crypto, metals, and energy. Both brokers provide access to US stocks and fractional shares through their proprietary platforms.
Globex360 vs RoboMarkets Trading Fees Comparison
Globex360 charges no commission on Forex and CFD trading, but applies spreads from 1.2 pips on its Classic account and from 0.9 pips on its Premium account. Globex360 also offers commission-free trading on US stocks through its R StocksTrader platform.
RoboMarkets charges no commission on Forex and CFD trading on its Prime and ECN accounts, but applies spreads from 0 pips on both accounts. RoboMarkets also offers commission-free trading on US stocks through its R StocksTrader platform
Globex360 vs RoboMarkets Account Types Comparison
Globex360 offers three account types: Classic, Premium, and Private Wealth. The minimum deposit for the Classic account is $250, for the Premium account is $1,000, and for the Private Wealth account is $5,000.
RoboMarkets offers five account types: Pro, ISK, R StocksTrader, Prime, and ECN. The minimum deposit for all accounts except ISK is $100, while the minimum deposit for ISK is $500. ISK is a special type of account for Swedish clients with improved conditions for trading US stocks and ETFs.
Globex360 vs RoboMarkets Deposit Options Comparison
Globex360 supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, Skrill, Neteller, PayPal, PayFast, Zapper, Ozow Instant EFT.
RoboMarkets also supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, FasaPay. Both brokers compensate all deposit fees for their clients.
Globex360 vs RoboMarkets Trading Platforms Comparison
Globex360 and RoboMarkets both provides its clients with the MetaTrader 4 and MetaTrader 5 platforms for Forex and CFD trading. Both brokers offer their own web-based platform for stock trading: R StocksTrader.
Globex360 vs RoboMarkets Analytical Tools Comparison
Globex360 offers various analytical tools to its clients, such as economic calendar, market sentiment analysis, trading signals from Trading Central. RoboMarkets also offers various analytical tools to its clients, such as economic calendar, market sentiment analysis, trading signals from MQL5 community.
Globex360 vs RoboMarkets. 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 each one has its own advantages and disadvantages. However, here are some possible factors that you may consider:
- Regulation: Both brokers are regulated by reputable authorities, but RoboMarkets has more licenses and registrations in different European countries. This may give you more confidence and protection when trading with RoboMarkets, especially if you are based in Europe or trade with European clients.
- Trading Assets: Both brokers offer a wide range of trading instruments, including Forex, commodities, indices, stocks, ETFs, and crypto. However, RoboMarkets has a slight edge over Globex360 in terms of the diversity of assets, as it also offers trading with metals and energy. This may give you more opportunities and flexibility when trading with RoboMarkets, especially if you are interested in these markets.
- Trading Fees: Both brokers charge no commission on Forex and CFD trading, but they differ in terms of the spreads they apply. Globex360 has higher spreads than RoboMarkets on its Classic and Premium accounts, while RoboMarkets has lower spreads on its Prime and ECN accounts. This may affect your trading costs and profits when trading with either broker, depending on the account type you choose and the volume of your trades.
- Account Types: Both brokers offer multiple account types with different features and conditions. However, RoboMarkets has more account options than Globex360, as it offers five account types compared to three. This may give you more choices and flexibility when trading with RoboMarkets, especially if you have specific needs or preferences for your trading account.
- Deposit and Withdrawal Options: Both brokers support various deposit and withdrawal methods, such as bank wire transfer, credit/debit cards, e-wallets, etc. However, Globex360 has more payment options than RoboMarkets, as it also supports PayPal, PayFast, Zapper, Ozow Instant EFT. This may give you more convenience and security when depositing or withdrawing funds from your trading account with Globex360, especially if you use these payment methods frequently or exclusively.
- Trading Platforms: Both brokers provide their clients with the popular MetaTrader 4 and MetaTrader 5 platforms for Forex and CFD trading. However, they also offer their own web-based platform for stock trading: R StocksTrader. This platform is identical for both brokers, as it is powered by the same technology provider: R Trader. This platform allows you to trade US stocks and fractional shares with zero commission and access advanced analytical tools . This may give you an edge and advantage when trading with either broker, especially if you are interested in the US stock market.
- Analytical Tools: Both brokers offer various analytical tools to their clients, such as economic calendar, market sentiment analysis, trading signals, etc. However, they differ in terms of the source and quality of their trading signals. Globex360 provides its clients with trading signals from Trading Central, a leading provider of technical analysis and investment research. RoboMarkets provides its clients with trading signals from MQL5 community , a network of traders and developers who share their strategies and indicators. This may affect your trading performance and results when using either broker’s signals, depending on the reliability and accuracy of their sources.
