Advertising Disclosure
Written by:
George R.
Updated:
Leverage: 1:100 | 1:500
Regulation: FSCA
Min. Deposit: $25
HQ: South Africa
Platforms: MT4
Found in: 2017
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 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.
| Advantages | Disadvantages |
|---|---|
| Competitive trading conditions | No 24/7 customer support |
| Regulated broker with a strong establishment | Fees for some instruments might be high |
| MT4 trading platform | |
| NDD execution |
| 🏢 Headquarters | South Africa |
| 🗺️ Regulation | FSCA |
| 🖥 Platforms | MT4 |
| 📉 Instruments | Forex, CFDs, Indices, Metals, Commodities, Stocks, Cryptos |
| 💰 EUR/USD Spread | 0.1 pip |
| 🎮 Demo Account | Available |
| 💳 Minimum Deposit | $25 |
| 💰 Base Currencies | GBP, EUR, USD, CHF, and more |
| 📚 Education | Provided |
| ☎ Customer Support | 24/5 |
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.
| Ranking | Globex360 | Aetos | CornerTrader |
|---|---|---|---|
| Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
| Advantages | Spreads | Trading Solutions | Trading Instruments |
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:
Globex360 is an award-winning broker and based on our finds it has gained recognition from industry leaders many times.
No, Globex360 is not a scam. it is a well-regarded broker established in South Africa, authorized and regulated by FSCA regulatory body.
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:
| Globex360 Strong Points | Globex360 Weak Points |
|---|---|
| Regulated broker with good trading conditions | No negative balance protection |
| Segregated accounts | |
| Global coverage | |
| “No Last Look” execution |
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 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:
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.
| Pros | Cons |
|---|---|
| Fast account opening | None |
| Low minimum deposit | |
| Hedging and scalping allowed | |
| Demo account is available |
Opening an account with Globex360 is quite easy. You should follow the opening account or sign-in page and proceed with the guided steps:
Globex360 instrument offering includes Forex, CFDs, Indices, Metals, Commodities, Stocks, Cryptos, and more. The most popular Forex trading is available 24/5.
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.
| Fees | Globex360 Fees | ATC Brokers Fees | Valutrades Fees |
|---|---|---|---|
| Deposit fee | Yes | Yes | No |
| Withdrawal fee | No | Yes | No |
| Inactivity fee | Yes | Yes | Yes |
| Fee ranking | Average | Low, Average | Low |
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.
| Asset/ Pair | Globex360 Spread | ATC Brokers Spread | Valutrades Spread |
|---|---|---|---|
| EUR USD Spread | 0.1 pip | 0.3 pips | 0.1 pip |
| Crude Oil WTI Spread | 7 | 3 | 1 pip |
| Gold Spread | 30 | 7 | 1 pip |
| BTC USD Spread | 1 | 0.01 | - |
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.
Here are some good and negative points for Globex360 funding methods found:
| Globex360 Advantage | Globex360 Disadvantage |
|---|---|
| $100 is the first deposit amount for the Basic account | There might be some charges on deposits |
| No internal fees for withdrawals | |
| Fast digital deposits, including Credit/Debit Cards | |
| Multiple account base currencies |
In terms of funding methods, Globex360 offers the following payment methods:
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 |
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.
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.
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.
| Platforms | Globex360 Platforms | Valutrades Platforms | ATC Brokers Platforms |
|---|---|---|---|
| MT4 | Yes | Yes | Yes |
| MT5 | No | Yes | No |
| cTrader | No | No | No |
| Own Platform | No | No | Yes |
| Mobile Apps | Yes | Yes | Yes |
Globex360 provides 24/5 customer support with Phone, Email, WhatsApp, and Social Media channels.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|---|
| Quick responses | No 24/7 customer support |
| Relevant answers | |
| Availability of phone lines, email, etc. |
Globex360 provides comprehensive educational and learning materials including video tutorials, seminars, webinars, educational books and brochures, analytical tools, economic calendar, market news, etc.
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:
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