FXGlobe started out as a group of friends with a passion for trading. They’d get together a few evenings a week and share information, hoping to improve their results.
The company has come a long way from its clubhouse-style roots. Our community now reaches every corner of the world. We’re an epicenter for all things trading—from our FXGlobe Academy to locally hosted events. Traders trust us to inform, teach, and support them, whether they’re beginners or pros.
FXGlobe Introduction
FXGlobe is a financial services company regulated by the CySEC, offering a diverse range of trading options, including forex, commodities, indices, shares, and futures. With a minimum account deposit of $250, FXGlobe provides various account types, including no commissions for some accounts. The platform is equipped with popular trading software MT4 and MT5.
Pros & Cons of FXGlobe
Pros: CYSEC (Regulated): FXGlobe operates under the supervision of the Cyprus Securities and Exchange Commission (CySEC).
Diverse Asset Selection: It offers a wide range of trading options including forex, commodities, indices, shares, and futures.
Educational Resources: FXGlobe Academy provides comprehensive educational materials such as video tutorials, masterclass courses, and a glossary.
MT4 and MT5 Provided: Supports popular platforms like MT4 and MT5, known for their reliability and extensive range of trading tools and indicators.
Cons: Withdrawal Fees: There isa 3% fee for withdrawals without any trading activity since the last deposit, and a 4% fee for account closure or withdrawals of more than 94% of the account balance.
No 24/7 support: Customer support is only available from Mon-Fri: 08:00 - 18:00 (6am-3pm GMT), not available on weekends.
Is FXGlobe Safe？
FXGlobe operates as a financial services company under the supervision of the Cyprus Securities and Exchange Commission (CySEC), holding license number 205/13. CySEC is an independent public sector regulatory authority responsible for overseeing a range of financial activities conducted within the Republic of Cyprus, including investment services markets, transactions involving transferable securities, and collective investment and asset management sectors.
In managing client funds, FXGlobe implements additional measures to ensure their safety. They segregate company funds from client funds, a widely accepted practice that provides enhanced protection for client funds.
What are Securities to Trade with FXGlobe？
FXGlobe offers forex, commodities, indices, shares and futures.
Forex (Foreign Exchange): FXGlobe offers trading in various currency pairs, allowing investors to speculate on the exchange rate movements between different currencies such as EUR/USD, GBP/JPY, and others.
Commodities: FXGlobe facilitates trading in commodities like gold, oil, wheat, and coffee. These commodities are traded on exchanges and offer opportunities for investors to capitalize on price fluctuations.
Indices: FXGlobe provides access to trading indices such as the S&P 500, Dow Jones Industrial Average, and other major indices. These benchmarks allow traders to invest in the overall performance of a group of stocks representing a market or sector.
Shares (Equities): FXGlobe enables trading in shares or equities, which represent ownership in publicly listed companies. Traders can buy and sell shares of companies listed on various stock exchanges globally.
Futures: FXGlobe offers futures contracts, which are agreements to buy or sell assets (commodities, currencies, indices) at predetermined prices and dates in the future. Futures trading allows for hedging and speculation based on expected price movements.
FXGlobe Accounts
FXGlobe Account Types:
1. Pathfinder Account:
Minimum Deposit: $250
Commission: No commission charges
Ideal for new traders or those starting with smaller investments.
Offers competitive spreads without additional trading fees.
Access to the MT4 and MT5 trading platforms.
Basic account features suitable for beginners.
2. Navigator Account:
Minimum Deposit: $2,500
Commission: No commission charges
Designed for traders looking for more comprehensive trading conditions.
Provides access to more trading tools and resources compared to the Pathfinder account.
Suitable for traders who have gained some experience and wish to expand their trading capabilities.
Supports trading across multiple asset classes with competitive spreads.
3. Infinity Account:
Minimum Deposit: $25,000
Commission: $7 USD per Lot
Tailored for professional and institutional traders seeking advanced trading conditions.
Offers the lowest spreads available and access to additional features such as VPS services. Designed for high-volume trading with competitive commission rates.
FXGlobe Platforms Review
FXGlobe offers two prominent trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
MetaTrader 4 (MT4) is known for its stability and extensive capabilities, catering primarily to forex traders. It supports a wide range of technical analysis tools, automated trading through Expert Advisors (EAs), and customizable indicators. Traders appreciate its intuitive charting functionality and the ability to execute trades directly from the charts.
MetaTrader 5 (MT5) builds upon MT4's strengths with additional features designed to accommodate a broader range of financial instruments beyond forex, including stocks, commodities, and futures. It offers an enhanced strategy tester, improved multi-currency back-testing capabilities, and more advanced charting tools. MT5 also supports hedging and netting modes, giving traders flexibility in their trading strategies.
Deposits & Withdrawals
FXGlobe offers many options for deposits and withdrawals.
Bank Wire Transfers:
SEPA: Available in EUR with unlimited maximum deposit and a minimum of €250. Processing time ranges from 1 to 4 business days with no deposit fees.
Swift: Available in USD, EUR, GBP, PLN with unlimited maximum deposit and a minimum of $300. Processing time is 1 to 4 business days with no deposit fees.
Credit/Debit Cards:
Mastercard and Visa: Available in USD, EUR, GBP, PLN with a maximum deposit limit of $20,000 and a minimum deposit of $50. Deposits are instant and free of charge.
Alternative Payment Methods:
Neteller and Skrill: Support multiple currencies including USD, EUR, GBP, PLN with a maximum deposit of $20,000 and a minimum of $50. Deposits are instant and free.
SupremCash: Available in BRL with a maximum deposit of $20,000 and a minimum of $50. Deposits are processed on the same business day free of charge.
Zotapay: Supports various currencies like VND, MYR, CNY, etc., with specific transaction limits and a minimum deposit of $50. Deposits are processed on the same business day with no fees.
Blockchain: Supports BTC, USDT ERC-20, USDT TRC-20 with unlimited maximum deposit and a minimum of $50. Deposits are instant and free.
Bank Wire Transfers:
SEPA: Available in EUR with a minimum withdrawal of €25. Processing time is 3 to 5 business days with a withdrawal fee of USD 25.
Swift: Available in USD, EUR, GBP, PLN with a minimum withdrawal of $300. Processing time is 3 to 5 business days with a withdrawal fee of USD 25.
Credit/Debit Cards:
Mastercard and Visa: Available in USD, EUR, GBP, PLN with a minimum withdrawal of $25. Processing time is 1 to 5 business days and there are no withdrawal fees.
Alternative Payment Methods:
Neteller, Skrill, SupremCash, Zotapay: Support various currencies with a minimum withdrawal of $25. Processing time is typically on the same business day and there are no withdrawal fees.
Blockchain: Supports BTC, USDT ERC-20, USDT TRC-20 with a minimum withdrawal of $25. Processing time is on the same business day and there are no withdrawal fees.
FXGlobe imposes conditions related to fees: a 3% fee for withdrawals without any trading activity since the last deposit, and a 4% fee for account closure or withdrawals of more than 94% of the account balance. However, these fees can be reversed upon subsequent deposits equal to or exceeding the withdrawn amount.
Research & Education
FXGlobe offers a suite of research and education resources.
FXGlobe Academy: It provides a variety of educational materials.
Video Tutorials: These cover fundamental and advanced trading concepts, helping traders understand market dynamics and strategies.
News: Regular updates on market conditions, economic events, and geopolitical developments that could impact trading.
Masterclass Courses: In-depth courses led by experts, focusing on specific topics such as technical analysis, risk management, and trading psychology.
Glossary: A comprehensive glossary that explains key trading terms and concepts.
Tools:
Trading Central: A licensed, integrated platform that provides traders with automated AI-driven analytics and signals. Trading Central has been a trusted resource since 1999, offering a wide array of analytical tools to assist traders in making informed decisions.
Signals: Real-time trading signals generated by advanced algorithms, which help traders identify potential trading opportunities based on market analysis.
Economic Calendar: A detailed calendar of upcoming economic events, including data releases and central bank meetings.
Newsletter: Regular newsletters that provide insights, market analysis, and updates on relevant events, helping traders stay informed about market trends.
Customer Service
Customers can get in touch with customer service line using the information provided below:
Mon-Fri: 08:00 - 18:00 (6am-3pm GMT) and Sat-Sun: Not working
Telephone: +44-2045427667
Email: support@fxglobe.com
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram, and YouTube.
FXGlobe offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform.
Conclusion
FXGlobe positions as a reputable financial services provider regulated by CySEC, offering a wide array of trading options with a minimum deposit of $250 and various account types. The platform's strengths lie in its regulatory oversight, comprehensive educational resources through FXGlobe Academy, and robust trading platforms like MT4 and MT5. Overall, FXGlobe appeals to traders seeking a secure, educational, and diversified trading experience in the global markets.
Q&A
Is FXGlobe regulated？
Yes. It is regulated by CySEC.
How can I contact FXGlobe？
You can contact via telephone: +44-2045427667, email: support@fxglobe.com, online messaging, Twitter, Facebook, Instagram, and YouTube.
What are the minimum deposit requirements for FXGlobe？
FXGlobe requires a minimum deposit of $250 to open an account.
What trading platforms does FXGlobe support？
MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
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