Compare Weltrade vs Globex360
What is Weltrade? What is Globex360?
Weltrade is an established online broker that provides tight spreads and powerful tools for trading forex, CFDs, commodities, and cryptocurrencies. Weltrade has over 16 years of experience in the forex market and has a high trust score. Weltrade is regulated by the FSCA, VFSC, and FSA.
Globex360 is a multi-regulated trading broker that offers 150+ markets, including forex, indices, commodities, cryptocurrencies, shares, and bonds. Globex360 has a low latency execution speed and a zero commission policy on digital currency trading. Globex360 is regulated by the FCA.
Weltrade vs Globex360 Regulation Comparison
Both Weltrade and Globex360 are regulated by reputable authorities that ensure the safety and transparency of their operations. However, Weltrade has more licenses than Globex360, as it is authorized by three regulators: the Financial Sector Conduct Authority (FSCA) of South Africa, the Vanuatu Financial Services Commission (VFSC), and the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.
Globex360, on the other hand, is only regulated by one authority: the Financial Conduct Authority (FCA) of the United Kingdom. The FCA is one of the most respected regulators in the world, but it does not cover clients from other regions.
Weltrade vs Globex360 Trading Assets Comparison
Weltrade and Globex360 both offer a wide range of trading assets for their clients to diversify their portfolios. However, Globex360 has more assets than Weltrade, as it offers 150+ markets compared to Weltrade’s 100+ markets.
Weltrade offers forex, CFDs, commodities, and cryptocurrencies as its main trading instruments. Weltrade has 60+ currency pairs, 10+ metals, 4+ energies, 4+ indices, and 10+ digital currencies available for trading.
Globex360 offers forex, indices, commodities, cryptocurrencies, shares, and bonds as its main trading instruments. Globex360 has 40+ currency pairs, 15+ indices, 10+ commodities, 10+ digital currencies, 100+ shares, and 5+ bonds available for trading.
Weltrade vs Globex360 Trading Fees Comparison
- Weltrade and Globex360 both have competitive trading fees that vary depending on the account type and the trading instrument. However, Globex360 has lower fees than Weltrade in some cases, especially for digital currency trading.
- Weltrade charges variable spreads that start from 0.5 pips for forex trading and from $7 for commodity trading. Weltrade also charges a commission of $8 per lot for its ECN account. Weltrade does not charge any deposit or withdrawal fees.
- Globex360 charges variable spreads that start from zero pips for forex trading and from $1.6 for commodity trading. Globex360 also charges a commission of $7 per lot for its ECN account. Globex360 does not charge any deposit or withdrawal fees either.
- The main difference between Weltrade and Globex360 in terms of fees is that Globex360 does not charge any commission for digital currency trading, while Weltrade charges a commission of $15 per lot for its crypto account. This means that Globex360 offers a more cost-effective option for traders who are interested in trading cryptocurrencies.
Weltrade vs Globex360 Account Types Comparison
Weltrade and Globex360 both offer different account types to suit the needs and preferences of different traders. However, Weltrade has more account options than Globex360, as it offers four account types compared to Globex360’s two account types.
Weltrade offers the following account types: Pro, Premium, Micro, and Crypto. The Pro account is suitable for experienced traders who want to trade with tight spreads and low commissions. The Premium account is suitable for beginners who want to trade with fixed spreads and no commissions. The Micro account is suitable for traders who want to trade with small amounts and high leverage. The Crypto account is suitable for traders who want to trade with digital currencies only.
Globex360 offers the following account types: Standard and ECN. The Standard account is suitable for traders who want to trade with variable spreads and no commissions. The ECN account is suitable for traders who want to trade with raw spreads and low commissions.
Weltrade vs Globex360 Deposit Options Comparison
Weltrade and Globex360 both offer a variety of deposit and withdrawal options for their clients to fund and withdraw their money. However, Weltrade has more options than Globex360, as it offers 10+ payment methods compared to Globex360’s 6+ payment methods.
Weltrade offers the following deposit and withdrawal options: Skrill, Visa, Mastercard, Neteller, IDLB, FasaPay, Digital, and Perfect Money. Weltrade does not charge any fees for deposits or withdrawals, and it processes them within 30 minutes.
Globex360 offers the following deposit and withdrawal options: Credit Cards, FasaPay, Mastercard, Neteller, PayPal, Skrill, Visa, and Wire Transfer. Globex360 does not charge any fees for deposits or withdrawals either, and it processes them within 24 hours.
Weltrade vs Globex360 Trading Platforms Comparison
Weltrade and Globex360 both offer the popular MetaTrader 4 (MT4) trading platform as their main trading platform. MT4 is a user-friendly and powerful platform that supports multiple order types, charting tools, indicators, and automated trading.
However, Weltrade also offers the MetaTrader 5 (MT5) trading platform as an alternative option. MT5 is an upgraded version of MT4 that has more features and capabilities, such as more timeframes, more order types, more indicators, more markets, and more analytical tools.
Globex360 does not offer MT5 as an option, but it offers TradingView as an additional platform. TradingView is a web-based platform that provides advanced charting tools, technical analysis, market data, and social trading features.
Weltrade vs Globex360 Analytical Tools Comparison
Weltrade and Globex360 both offer various analytical tools to help their clients make informed trading decisions. However, Globex360 has more tools than Weltrade, as it offers 4+ tools compared to Weltrade’s 2+ tools.
Weltrade offers the following analytical tools: Trade Signals and Social Trading. Trade Signals are alerts that provide trading ideas based on technical analysis and market trends. Social Trading is a feature that allows traders to interact with and copy the trades of experienced investors.
Globex360 offers the following analytical tools: Trade Receipts, ECN Account, VPS Hosting, Copy Trading Platform. Trade Receipts are reports that show the execution details of each trade, such as the liquidity provider, the execution time, the slippage, and the spread. ECN Account is an account type that provides access to the interbank market with raw spreads and low commissions. VPS Hosting is a service that allows traders to run their automated trading systems on a remote server with high speed and security. Copy Trading Platform is a service that allows traders to copy the trades of over 40 different setups on the Myfxbook Autotrade platform.
Weltrade vs Globex360. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as both Weltrade and Globex360 have their own strengths and weaknesses. However, here are some possible factors that you may want to consider:
- Regulation: If you value the security and protection of your funds, you may prefer a broker that is regulated by multiple authorities and covers clients from different regions. In this case, Weltrade may be a better option than Globex360, as it is regulated by three regulators: the FSCA, VFSC, and FSA, while Globex360 is only regulated by one authority: the FCA.
- Trading Assets: If you value the diversity and variety of your trading portfolio, you may prefer a broker that offers more markets and instruments to trade with. In this case, Globex360 may be a better option than Weltrade, as it offers 150+ markets compared to Weltrade’s 100+ markets . Globex360 also offers more asset classes than Weltrade, such as shares and bonds.
- Trading Fees: If you value the cost-effectiveness and efficiency of your trading performance, you may prefer a broker that charges lower fees and commissions for your trades. In this case, Globex360 may be a better option than Weltrade in some cases, especially for digital currency trading. Globex360 charges lower spreads and commissions than Weltrade for forex and commodity trading , and it does not charge any commission for digital currency trading at all, while Weltrade charges a commission of $15 per lot for its crypto account.
- Account Types: If you value the flexibility and suitability of your trading conditions, you may prefer a broker that offers more account options to choose from. In this case, Weltrade may be a better option than Globex360, as it offers four account types compared to Globex360’s two account types . Weltrade also offers a micro account for traders who want to trade with small amounts and high leverage, and a crypto account for traders who want to trade with digital currencies only.
- Deposit and Withdrawal Options: If you value the convenience and speed of your money transactions, you may prefer a broker that offers more payment methods and faster processing times. In this case, Weltrade may be a better option than Globex360, as it offers 10+ payment methods compared to Globex360’s 6+ payment methods . Weltrade also processes deposits and withdrawals within 30 minutes, while Globex360 processes them within 24 hours.
- Trading Platforms: If you value the functionality and usability of your trading software, you may prefer a broker that offers more platform options and features. In this case, both Weltrade and Globex360 offer the popular MT4 platform as their main platform , but they also offer different alternative platforms. Weltrade offers MT5 as an option, which is an upgraded version of MT4 that has more features and capabilities. Globex360 offers TradingView as an option, which is a web-based platform that provides advanced charting tools and social trading features.
- Analytical Tools: If you value the support and guidance of your trading decisions, you may prefer a broker that offers more tools and services to help you analyze the market and execute your trades. In this case, Globex360 may be a better option than Weltrade, as it offers 4+ tools compared to Weltrade’s 2+ tools . Globex360 also offers some unique tools that Weltrade does not offer, such as trade receipts, ECN account, VPS hosting, and copy trading platform.
