Established in 2008, FXGlobe is a retail forex and CFD broker that offers over 70 instruments for online trading via the popular MetaTrader 4 platform. The available instruments cut across different markets, including forex, stock, indices, commodity, and cryptocurrency markets. They serve over 45,000 traders across the globe, and they operate a no dealing desk (NDD) ECN brokerage model, which ensures that there is no conflict of interest.
FXGlobe Review Introduction
In this FXGlobe review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including FXGlobe.
FXGlobe Platforms & Tools
FXGlobe provides clients with the most widely used trading platforms in the world, the MetaTrader 4 (MT4) platform. The platform is user friendly, fully customizable, and comes with advanced charting and automation tools. It is available as a desktop application for Mac and Windows computers, as well as mobile trading apps for Android and iOS devices, which can be very useful to those who wish to trade on the go. The platform is also available as a WebTrader, which runs directly on most modern web browsers, such as Chrome, Safari, Edge, and Firefox, without the need to download and install any additional software.
Aside from the tools that are built into the MT4 platform, the broker also provides additional trading tools, such as the Pip Value Calculator and Economic Calendar.
FXGlobe Research & Education
The broker has a frequently asked question section on their website, which covers some of the basic trading-related questions that new traders may find useful. Apart from that, the broker does not provide any other educational materials.
FXGlobe Trading Accounts
FXGlobe offers three types of live accounts, with spreads starting from 0.02 pips and leverage of up to 1:200 (1:30 for non-professional European traders). The various account types include:
- Standard: No Dealing Desk, 0.01 minimum lots, customer support, and $250 minimum deposit
- Pro: No Dealing Desk, 0.01 minimum lots, account manager, and $1,000 minimum deposit
- ECN Razor: No Dealing Desk, 0.01 min lots, dedicated account manager, and $2,000 minimum deposit
Inactive accounts are subject to a quarterly charge of $15. There are demo accounts are available for those who want to practice in a risk-free environment but expire after 30 days of inactivity.
FXGlobe Account Funding
FXGlobe accepts a variety of methods for account funding and withdrawals, and they include bank wire, credit/debit card, and online payment systems, such as Neteller and Skrill. Some methods may only be available to specific countries, and not all may be available for both deposits and withdrawals. There may be transaction fees when using some methods.
FXGlobe Customer Service
The broker provides a 24/5 customer support service to answer all technical, general, and account-related questions. You can contact them via email, phone, or social media channels.
FXGlobe Limited is a registered financial service firm in the Republic of Cyprus, with the registration number HE 254133. The broker is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number: 205/13. The CySEC is the financial regulatory agency of Cyprus, and Cyprus being an EU member state, the CySEC upholds the MiFID rules.
FXGlobe Review Summary
FXGlobe is an online trading broker with a simple offering, including a modest selection of tradable instruments, a flexible trading platform, convenient account funding methods, and a responsive customer support team.
It is worth mentioning that some of the trading products and services in this FXGlobe review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the FXGlobe broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.