Compare MTrading vs Globex360
What is MTrading? What is Globex360?
MTrading is an online broker that offers trading with Forex and CFDs, indices, precious metals, energy and crypto. It is based in Belize and regulated by the International Financial Services Commission (IFSC).
Globex360 is an online broker that offers trading with Forex and CFDs, indices, precious metals, energy and crypto. It is based in South Africa and regulated by the Financial Sector Conduct Authority (FSCA).
MTrading vs Globex360 Regulation Comparison
Both MTrading and Globex360 are regulated brokers, but they are subject to different regulatory authorities and jurisdictions. MTrading is regulated by the IFSC in Belize, which is considered a less strict regulator than the FSCA in South Africa, which regulates Globex360.
The IFSC does not require brokers to keep client funds in segregated accounts, maintain a minimum capital requirement, or offer negative balance protection. The FSCA, on the other hand, requires brokers to comply with these standards and also provides a compensation fund for clients in case of broker insolvency.
MTrading vs Globex360 Trading Assets Comparison
Both MTrading and Globex360 offer a similar range of trading assets, including Forex, CFDs, indices, precious metals, energy and crypto. However, MTrading offers more Forex pairs (60 vs 50) and also provides US stock trading, which Globex360 does not.
MTrading vs Globex360 Trading Fees Comparison
Both MTrading and Globex360 charge commissions on their trades, but MTrading offers lower spreads on average than Globex360. For example, MTrading charges 0.2 pips on the EUR/USD pair, while Globex360 charges 0.9 pips for the same pair.
Both brokers also offer ECN execution, which means they pass orders directly to their liquidity providers without any interference from a dealing desk. However, Globex360 also uses market maker execution for some of its accounts, which means it acts as the counterparty to client trades and may have a conflict of interest.
MTrading vs Globex360 Account Types Comparison
MTrading offers four types of accounts: Standard, Premium, Premium+ and Private Wealth. The minimum deposit for each account is $20, $100, $1 000 and $5 000 respectively. The main differences between the accounts are the spreads, bonuses, access to educational resources and analytical tools.
Globex360 offers three types of accounts: Standard, ECN and VIP. The minimum deposit for each account is $100, $500 and $10 000 respectively. The main differences between the accounts are the spreads, commissions, leverage and access to special offers.
MTrading vs Globex360 Deposit Options Comparison
Both MTrading and Globex360 offer a variety of deposit and withdrawal options, including bank wire, credit/debit cards, Skrill and Neteller. However, MTrading also accepts PayPal as a payment method, while Globex360 does not.
Both brokers do not charge any deposit fees or withdrawal fees for most methods. However, MTrading may charge a withdrawal fee of 2% for PayPal transactions over $2000.
MTrading vs Globex360 Trading Platforms Comparison
Both MTrading and Globex360 offer MetaTrader 4 as their main trading platform. MT4 is a popular and user-friendly platform that allows traders to analyze the markets and execute trades in real-time. It also supports automated trading with expert advisors and custom indicators.
However, MTrading also offers MetaTrader 5 as an alternative platform. MT5 is an upgraded version of MT4 that has more features and capabilities, such as more timeframes, more order types, more technical indicators and tools, depth of market data and economic calendar integration.
Both brokers also offer mobile apps for Android and iOS devices that allow traders to access their accounts and trade on the go. Additionally, both brokers support social trading platforms such as ZuluTrade (for both) and DupliTrade (for MTrading only), which enable traders to copy the trades of other successful traders.
MTrading vs Globex360 Analytical Tools Comparison
Both MTrading and Globex360 offer some analytical tools to help traders make informed decisions, such as economic calendars, social sentiment, forex news sources and daily market commentary. However, MTrading also offers volatility analysis and access to trading central, which are advanced tools that provide market insights and trading signals.
Both brokers also offer educational resources to help traders learn and improve their skills, such as webinars, beginner and advanced training videos, glossaries and articles. However, MTrading has more comprehensive and diverse educational materials than Globex360.
MTrading vs Globex360. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on many factors, such as your trading style, goals, preferences and risk appetite. There is no definitive answer as to which broker is better, as different brokers may suit different traders better. However, here are some of the main advantages and disadvantages of MTrading and Globex360.
MTrading Advantages:
- Lower spreads and commissions than Globex360
- More Forex pairs and US stock trading available
- PayPal as a payment option
- MetaTrader 5 as an alternative platform
- Volatility analysis and trading central tools
- More comprehensive and diverse educational resources
MTrading Disadvantages:
- Less strict regulation than Globex360
- No negative balance protection or compensation fund
- Withdrawal fee for PayPal transactions over $2000
Globex360 Advantages:
- More strict regulation than MTrading
- Negative balance protection and compensation fund
- No withdrawal fees for any method
Globex360 Disadvantages:
- Higher spreads and commissions than MTrading
- Fewer Forex pairs and no US stock trading available
- No PayPal as a payment option
- No MetaTrader 5 as an alternative platform
- No volatility analysis or trading central tools
- Less comprehensive and diverse educational resources
Ultimately, the choice is yours to make based on your own research and evaluation. You should also consider other factors such as customer service, reputation, user reviews and feedback, demo accounts and promotions. You can also try out both brokers with their free demo accounts to get a feel of their platforms and services before making a final decision.
