Compare SimpleFX vs Globex360
What is SimpleFX? What is Globex360?
SimpleFX is an offshore forex, CFD and cryptocurrency broker with over 200,000 clients globally. The broker offers a proprietary trading solution, as well as the reputable MT4 platform. Traders can access a vast selection of digital assets with crypto deposits and multi currency accounts.
Globex360 is a South African forex and CFD broker that offers MT4 and a web-based platform. The broker provides competitive spreads and commissions, as well as various payment methods and educational resources.
SimpleFX vs Globex360 Regulation Comparison
SimpleFX is not regulated by any reputable authority, which means that traders have less protection and recourse in case of disputes or issues. The broker operates under the jurisdiction of St. Vincent and the Grenadines, which is known for its lax regulatory environment.
Globex360 is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a credible and respected regulator that enforces strict rules and standards for brokers. The FSCA also provides a compensation fund for clients in case of broker insolvency or fraud.
SimpleFX vs Globex360 Trading Assets Comparison
SimpleFX offers a wide range of trading assets, including forex, indices, shares, commodities, and cryptocurrencies. The broker has over 170 instruments to choose from, with some of the most popular ones being Bitcoin, Ethereum, Tesla, NDX100, USOIL and more.
Globex360 has a more limited selection of trading assets, with only 50 forex pairs and 10 CFDs on indices and commodities. The broker does not offer any shares or cryptocurrencies for trading.
SimpleFX vs Globex360 Trading Fees Comparison
SimpleFX charges variable spreads and commissions on its trades, depending on the instrument and account type. The average spread for EUR/USD is 0.9 pips, while the commission is $6 per lot round turn. The broker also offers a cashback program that rewards traders for their trading volume.
Globex360 also charges variable spreads and commissions on its trades, but with lower rates than SimpleFX. The average spread for EUR/USD is 0.2 pips, while the commission is $4 per lot round turn. The broker does not have any cashback or loyalty programs.
SimpleFX vs Globex360 Account Types Comparison
SimpleFX offers two account types: Standard and ECN. The Standard account has no minimum deposit requirement and allows traders to trade with any amount of leverage up to 500:1. The ECN account requires a minimum deposit of $1000 and offers lower spreads and commissions, but with a maximum leverage of 200:1.
Globex360 offers three account types: Standard, Pro and VIP. The Standard account has no minimum deposit requirement and allows traders to trade with up to 400:1 leverage. The Pro account requires a minimum deposit of $5000 and offers lower spreads and commissions, but with a maximum leverage of 200:1. The VIP account requires a minimum deposit of $25000 and offers the lowest spreads and commissions, but with a maximum leverage of 100:1.
SimpleFX vs Globex360 Deposit Options Comparison
SimpleFX supports various deposit and withdrawal options, including credit cards, e-wallets, bank transfers, and cryptocurrencies. The broker does not charge any fees for deposits or withdrawals, except for bank transfers which may incur some charges from the banks involved. The processing time for deposits and withdrawals varies depending on the method used.
Globex360 also supports various deposit and withdrawal options, including credit cards, e-wallets, bank transfers, and local payment methods. The broker does not charge any fees for deposits or withdrawals either, except for bank transfers which may incur some charges from the banks involved. The processing time for deposits and withdrawals also varies depending on the method used.
SimpleFX vs Globex360 Trading Platforms Comparison
SimpleFX offers two trading platforms: its own proprietary web-based platform and MT4. The web-based platform is fast, intuitive, and user-friendly, with features such as live price quotes, charts, indicators, order types, risk management tools, social trading community, multi-currency single account, lightning fast Bitcoin payments, crypto staking solution, and more. MT4 is a popular and reliable platform that supports automated trading, custom indicators, expert advisors (EAs), VPS hosting, trade signals, etc.
Globex360 also offers two trading platforms: MT4 and a web-based platform. MT4 is the same as the one offered by SimpleFX, with all the features and functionalities mentioned above. The web-based platform is a simple and basic platform that allows traders to access the markets from any browser, with features such as charts, indicators, order types, etc.
SimpleFX vs Globex360 Analytical Tools Comparison
SimpleFX provides some analytical tools for its traders, such as an economic calendar, social sentiment, forex news sources, and daily market commentary. The broker also has a community forum where traders can share their trading ideas and signals with others.
Globex360 also provides some analytical tools for its traders, such as an economic calendar, social sentiment, forex news sources, and daily market commentary. The broker also supports social trading through ZuluTrade, which allows traders to copy the trades of other successful traders.
SimpleFX vs Globex360. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading performance and experience. There are many factors to consider, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, analytical tools, and customer support. Ultimately, the best broker for you depends on your personal preferences, trading style, goals, and risk appetite. You should do your own research before opening an account with any broker.
