Company History and Origination
It was first created in 2008. They aspire to create a safe, reliable, and innovative trading environment. It provides forex and CFD trading, ensuring more competitive trading conditions and better platforms to traders.
Vision and Mission
The mission of the company is to ensure that the traders are equipped with what they want—that is, tools, education, and support to enable them to succeed in the global markets. The vision of the company is to become the most trusted, transparent broker in the market who gives a lot of importance to customer satisfaction and to a certain extent growth of account.
Global Presence
With its headquarters in Cyprus, the platform makes it accessible to traders from over 35 countries, along with multilingual support that is adaptable to the needs of every trader along with compliance with international standards when it comes to regulation.
Advantages and Disadvantages
Strength vs. Weakness
Strengths:
- regulated and licensed broker
- user-friendly trading platform
- no additional fees
Weaknesses:
- high minimum deposit
Security and Regulations
Status of Accumulation
A contract between FXGlobe and Cyprus Securities and Exchange Commission means that the former is regulated by the latter, making it an official entity according to EU financial directives and protecting the money of clients.
Fund Segregation and Insurance
Client funds are held in very secure and segregated accounts with the major top-tier banks, while FXGlobe is a legal member of the Investor Compensation Fund (ICF) certifying up to €20,000 for each client's money in the worst of insolvencies.
Tradable Instruments
Forex Pairs
More than seventy pairs are made available for trading forex; they are major, minor, and exotic pairs. Spreads are competitive and liquidity is high.
Commodities
It has gold, silver, crude oil, and a few other very famous commodities for giving the portfolio a shot at diversification.
Indices
With this facility, the opportunity to trade CFDs on the major global equity indexes is included: NASDAQ, the S&P500, FTSE100 as well as the German DAX.
Stocks
Trading in shares from the leading companies worldwide is one of the resources that help one a lot in trading US, UK, and European markets. It also offers the ability to go long or short on CFDs.
Account Types
Pathfinder
| Minimum deposit | 0 |
|---|---|
| Commission | 0.3 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:500 |
| Margin call level | 100 |
| Stop-out level | 25 |
Navigator
| Minimum deposit | 0 |
|---|---|
| Commission | 0.3 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:500 |
| Margin call level | 100 |
| Stop-out level | 25 |
Infinity
| Minimum deposit | 0 |
|---|---|
| Commission | 0.3 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:500 |
| Margin call level | 100 |
| Stop-out level | 25 |
Fees and Charges
Spreads and Commissions
There is a starting point of 1.2 pips while trading with great Pro accounts as it is raw spread where one will be paying a commission that amounts to $7 per lot. This detail is actually built straight right into the broker's rate site.
Swap Rates
Overnight swap would be imposed on holding positions overnight, plus Islamic accounts for swaps-free trade are open.
Inactivity Fees
Inactivity fees start in a dormant account, which will range from $25.
Trading Platforms
| Available tools | Forex, Futures, Stocks, Indices, Metals, Energy, CFDs |
|---|---|
| CFD | Forex: 56 Futures: 2 Stocks: 59 Indices: 11 Metals: 4 Energy: 3 |
MetaTrader 4
MT4 is available with FXGlobe. It is equally useful in providing advanced charting tools and its capabilities regarding automatic trading as well as indicators that are personally named.
Proprietary Trading Platform
FXGlobe in-house built interfaces with the trade and analysis facilities that are quite easy to use for seasoned or starting traders.
Mobile Trading Apps
iOS and Android mobile apps will help one stay in touch with the market trends, manage accounts, and deal in forex directly from their phones.
Customer Service
Steps for Registration
Open an account on the broker's website first, fill out the application form then submit verification documents. Doing this brief action is not troublesome.
Verification Details
Submission of a proper identification document (which may be either a passport or any government-issued ID) and a utility bill or any bank statement are needed.
Deposits and Withdrawals
Payments are made with options like credit card, bank transfer, or online wallets like Skrill, Neteller, and PayPal.
Processing Time
It allows instant deposits and withdrawals that would be at a limit of 1-3 days with the kinds of mediums used in processing the withdrawals.
Accompanying Fees
Credit and debit cards, bank transfers, e-wallets, and instant payments are free of cost. Some providers may apply charges for their services. For a detailed referendum, kindly check it out on the broker's webpage.
FAQ
What are the regulations regarding the broker?
Yes, FXGlobe is regulated by CySEC and conforms to the major standards of financial structures.
What trading platforms exist?
MetaTrader 4, proprietary platform, and mobile trading for iOS and Android are available at FXGlobe.
What is the lowest amount required for opening an account?
The minimum deposit starts at $250 for a standard account.
What type of accounts does the broker provide?
FXGlobe provides Standard, Pro, Islamic, and Demo accounts to suit various trading needs.
Which charges are included in the fees and commissions?
On Pro accounts, apart from market spreads, traders pay commissions for trades. Swap rates apply for overnight positions, and an inactivity fee is charged for dormant accounts.
What is the maximum leverage that could be obtained?
Professional clients can access leverage up to 1:500, while retail clients are limited to 1:30 in compliance with EU norms.
Are demo accounts available?
Yes, FXGlobe offers demo accounts with virtual funds, allowing traders to practice and refine their strategies in a risk-free environment.
How can I reach customer support?
You can contact customer support via phone, email, live chat, or visit during business hours. Multilingual support is also available.