Globex360 Review

1. What is Globex360?
2. Globex360 Pros and Cons
3. Is Globex360 Safe or a Scam?
4. Leverage
5. Accounts
6. Instruments
7. Fees
8. Spreads
9. Deposits and Withdrawals
10. Trading Platform
11. Customer Support
12. Education
13. Conclusion

Our Review Method

• 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, fees, and platforms, verified regulations, contacted customer service, and placed traders to see trading conditions and give expert opinions about Globex360.

What is Globex360?

Globex360 is a brokerage company offering to trade Forex, CFDs, Stocks, Indices, etc.

Founded in 2017, in South Africa, Globex360 offers its trading solutions globally as well as cooperates with advanced technology providers in the industry. Also, the broker supports the No Dealing Desk (NDD) and ECN execution models which provide clients with competitive trading prices and privacy.

The broker, however, doesn’t provide its services to Belgium, US, and Canadian residents.

Globex360 Pros and Cons

Globex360 is a reliable and regulated broker with an easy account opening, a good trading environment, competitive spreads and costs, and more.

For the cons, there is no 24/7 customer support, and fees for some instruments based on the account types might be high.

Overall Globex360 Ranking

Globex360 is considered a good broker with reliable service and trading conditions suitable for beginners and experienced traders. The broker offers a range of trading solutions with competitive spreads and costs.

• Globex360 Overall Ranking is 8 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.

Globex360 Alternative Brokers

Globex360 offers a range of trading instruments and good trading conditions. However, there are some other brokers in the industry that may offer similar solutions. Here are some of the best alternatives to Globex360:

• CornerTrader – Wide Range of Trading Instruments
• ATC Brokers – Competitive Spreads
• Aetos – Good Trading Conditions

Awards

Globex360 is an award-winning broker and based on our finds it has gained recognition from industry leaders many times.

Is Globex360 Safe or Scam?

No, Globex360 is not a scam. it is a well-regarded broker established in South Africa, authorized and regulated by FSCA regulatory body.

Is Globex360 Legit?

Yes, Globex360 is a legit and regulated broker.  

Globex360°(PTY)LTD was registered with the Companies and Intellectual Property Commission in South Africa, and currently offers its trading services globally through its regulated trading partners.

See our conclusion on Globex360 Reliability:

• Our Ranked Globex360 Trust Score is 7.9 out of 10 for the good reputation and services provided. However, the broker holds only one regulatory license for its trading services.

How Are You Protected?

Globex360 clients’ funds are segregated from the company accounts and are not used in the course of the company business. The broker also offers “No Last Look” execution, which means that Globex360 is unable to affect the client’s trades, and no price manipulation is possible during trading.

Leverage

Leverage trading enables traders to trade bigger sizes compared to their initial balance, offering to maximize their gains. However, traders should carefully learn how to use this tool, since leverage may work in reverse as well.

Globex360 leverage is offered according to the FSCA regulation:

• The minimum leverage is 1:100 and it is available on basic accounts, while the maximum leverage is 1:400.
• For Forex CFDs, traders may use leverage up to 1:500.

Account Types

Globex360 offers traders Traditional accounts including Standard, Premium, Premium+, and Private Wealth, Business Referrers (IB accounts), and Islamic or Swap-free accounts.

Also, new traders can benefit from the trial trades through a free Demo account.

How to Open Globex360 Live Account?

Opening an account with Globex360 is quite easy. You should follow the opening account or sign-in page and proceed with the guided steps:

• Select and Click on the “Open an Account” page
• Enter the required personal data (Name, email, phone number, etc.)
• Verify your personal data by upload of documentation (residential proof, ID, etc.)
• Complete the electronic quiz confirming your trading experience
• Once your account is activated and proven, follow with the money deposit.

Trading Instruments

Globex360 instrument offering includes Forex, CFDs, Indices, Metals, Commodities, Stocks, Cryptos, and more. The most popular Forex trading is available 24/5.

• Globex360 Markets Range Score is 8.5 out of 10 for wide trading instrument selection among Forex, indices, metals, and more. However, the broker doesn’t offer futures, bonds, etc.

Globex360 Fees

Globex360 fees are based on the spreads and the account types you choose. The broker offers commission-free trading for Basic and Standard accounts, however, for Pro accounts, there is a commission of $5 per lot.

Also, consider inactivity fees, as well as rollover rates which are charged in case the position is open longer than a day.

• Globex360 Fees are ranked average with an overall rating of 8 out of 10 based on our testing and compared to over 500 other brokers.

Spreads

Globex360 spreads are floating, and not fixed. The broker offers its tightest spreads on Pro accounts with a minimum deposit amount of $5,000. Based on our finds, the average spread for EUR USD is 0.1 pip.

• Globex360 Spreads are ranked low or average with an overall rating of 8.5 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average, and spreads for other instruments are competitive too.

Deposits and Withdrawals

To fund the account and start trading with Globex360, you will have a choice to choose from GBP, EUR, USD, CHF, and more currencies, and select a few payment methods including Bank Wire, Credit/Debit cards, Skrill, etc.

• Globex360 Funding Methods we ranked good with an overall rating of 8.5 out of 10. Fees are either low or average also allowing to benefit from various account-based currencies.

Here are some good and negative points for Globex360 funding methods found:

Deposit Options

In terms of funding methods, Globex360 offers the following payment methods:

• Bank Wire,
• Credit/Debit cards,
• Skrill,
• Neteller,
• PayFast
• Bitcoin, and more

Globex360 Minimum Deposit

Globex360 minimum deposit amount is $25 for all account types. However, for a VIP account, the minimum required amount is $50,000.

Globex360 minimum deposit vs other brokers

	Globex360	Most Other Brokers
Minimum Deposit	$25	$500

Globex360 Withdrawals

At Globex360, withdrawal requests are processed within 24 hours on business days. Traders can use different payment methods including cards, e-wallets, and bank transfers.

How Withdraw Money from Globex360 Step by Step:

1. Login to your account
2. Select Withdraw Funds’ in the menu tab
3. Enter the withdrawn amount
4. Choose the withdrawal method
5. Complete the electronic request with necessary requirements
6. Confirm withdrawal information and Submit
7. Check the current status of withdrawal through your Dashboard

Trading Platforms

Globex360 offers the popular MetaTrader 4 with the option to trade via desktop, web, and mobile devices. MT4 is regarded as one of the most widely implemented trading platforms to trade Forex and CFDs. It is also among the most efficient trading platforms worldwide.

Trading Tools

Based on our findings, MT4 provides traders with the option to trade manually or automatically, with a variety of multiple analytical tools, indicators, and charts, as well as the Autochartist MT4 Plugin which provides an opportunity to identify market movements, optimize stop-loss, improve market entry and many other features.

The broker also provides Guardian Angel AI trading assistant, which is available after downloading MT4.

• Globex360 Platform is ranked good with an overall rating of 8 out of 10 compared to over 500 other brokers. We mark it as good since it offers a popular MT4 professional trading platform. However, there is no other trading platform available besides MT4.

Customer Support

Globex360 provides 24/5 customer support with Phone, Email, WhatsApp, and Social Media channels.

• Customer Support in Globex360 is ranked good with an overall rating of 7.5 out of 10 based on our testing. We got fast and knowledgeable responses, and also easy to reach during the working days.

See our find and ranking on Customer Service Quality:

Globex360 Education

Globex360 provides comprehensive educational and learning materials including video tutorials, seminars, webinars, educational books and brochures, analytical tools, economic calendar, market news, etc.

• Globex360 Education ranked with an overall rating of 8.9 out of 10 based on our research. The broker provides good quality educational materials and research and also cooperates with market-leading providers of data.

Globex360 Review Conclusion

Overall, Globex360 is a reliable and safe brokerage company with quite competitive trading conditions. The broker supports NDD/STP execution model, as well as the ECN trading environment offering spreads starting from 0.0 pips.

Globex360 also provides comprehensive trading solutions, educational materials, and instruments for analysis. As the minimum deposit is among the average in the industry, the broker is a good option for beginner traders too.

Based on Our findings and Financial Expert Opinions Globex360 is Good for:

• CFD and currency trading
• ECN trading
• Traders from South Africa
• International traders
• Beginners
• Advanced traders
• Muslim traders
• Traders who prefer MT4 platforms
• NDD/STP execution
• Competitive spreads and costs
• EA/Auto trading
• Good educational and research materials