Founded in 2017, Globex360 is a global online Forex and CFD trading services provider based in South Africa. The broker offers clients a selection of over 100 trading instruments from multiple asset classes including Forex, commodities, indices, and more. They offer quality trading conditions, with competitive spreads, leverage of up to 1:500, and have no hidden charges. There is, however, a commission charge from $8 on every trade. Globex360’s clients have access to the popular MetaTrader 4 platform in desktop, web, and mobile versions.
Globex360 Review Introduction
In this Globex360 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 Globex360.
Globex360 Platforms & Tools
Globex360 provide their traders with the MetaTrader 4 platform, which is known for its user-friendly interface that is fully customizable and has automatic monitoring. It is available as a WebTrader that runs directly on web browsers without the need to download additional software, as well as downloadable desktop applications for Windows and MAC computers. There are also mobile apps for iOS and Android mobile devices, which can be downloaded from relevant app stores and give traders access to their account whilst on the go.
The broker also has its own trading app called the Globex360 app. It helps their clients to manage their investment and gives them access to their data whilst on the go. Globex360 provide clients with the option of copy-trading using their copy trading platform where they can copy the signals of other traders. In addition to the in-built tools on the MT4 platform, the broker does provide a few additional tools namely: FIX API, Trading Calculator, Economic Calendar, and more.
Globex360 Research & Education
The broker’s website has a knowledge base section that displays a few common terms and their detailed explanations, which could be beneficial to beginner traders. But apart from that, there are no other educational materials.
Globex360 Trading Accounts
The broker has various account types for different trading strategies & investment levels. The accounts require a minimum deposit of $100. The spreads are from 2 pips, and there is a leverage of up to 1:500. The account types are as follows:
- Basic Account: This is an entry level account. It has a leverage of up to 1:100, and the commission per lot is $12.
- Standard Account: This is for experienced traders. It has spreads from 1.6 and leverage up to 1:200. The commission per lot is $10.
- Professional Account: This comes with increased leverage, tighter spreads from 1.2 pips and minimum deposit of $5000, and the commission per lot is $8.
- Copy Trading Account: This copy trades from other traders with leverage of up to 1:500 and a minimum deposit of $200.
- Islamic Account: This account complies with the sharia law.
- Demo Account: This allows traders to try out the different trading platforms and strategies with virtual funds.
Globex360 Account Funding
The broker supports fast deposits and withdrawals via wire transfer, credit/debit card, PayFast, and Bitcoin. The transaction fee depends on the base currency of the client’s trading account.
Globex360 Customer Service
Globex360 support can be contacted using the online form on their website or using the email and telephone numbers provided.
Globex360 is an authorized financial services provider that is registered with and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. The FSCA is responsible for the regulation of financial institutions in South Africa.
Globex360 Review Summary
Globex360 has a solid online trading experience, and they offer multiple trading instruments and a variety of different account types. It is regulated by the financial sector Conduct Authority (FSCA).
It is worth mentioning that some of the trading products and services in this Globex360 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 Globex360 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.