- Regulated by CYSEC
- Variety of financial instruments
- Demo accounts available
- Commission-free accounts offered
- Invalid FCA, BaFin and VFSC licenses
- Reports of difficulties in withdrawing funds and experiencing severe slippage
- High minimum deposit required
- Limited trading tools
Broker reviewed: FXGlobe ltd.
Established in 2008
USA traders: not allowed
Trading instruments: forex, commodities, indices, shares
No Dealing Desk execution NDD: yes
Trading Platform Features
Trading platform: MetaTrader 4 MT4, WebTrader
Download version: yes
Web-based interface: yes
Mobile trading: available
MAM account: yes
Security of Client funds: Segregated accounts
Islamic accounts Swap free: available
Account base currency: EUR, GBP, JPY, USD
Currency pairs: 53
Free VPS: yes
Account types: demo, standard
Demo account: doesn’t expire, but needs to be active. Inactivity for 30 days results in expiration
Minimum position size: 0.01 lot
Spread type: variable
Spread: as low as 0.3 pips on majors
Trailing stop: yes
Pending order: yes
One click trading: yes
Mobile trading: yes
Automated trading: yes
Expert advisors: allowed
FXGlobe allows a maximum leverage ratio of 1:300. The amount of leverage is expressed as a ratio, for instance, 50:1, 200:1, or 500:1. Assuming that a trader has $1 000 in a trading account and is trading ticket sizes of 200 000 USD/JPY, that leverage will equate to 200:1.
FXGlobe Awards and Recognition
In the world of forex broker companies, it counts much for the company’s reputation if it has been honored with awards from esteemed organizations or publications. Although FXGlobe is rated highly by some customers in personal online reviews, there is no information available on the FXGlobe homepage about any awards received.
Payment methods within the broker
FXGlobe requires the following minimum deposits to open the different types of accounts:
Standard Account – minimum deposit of $ 250
ECN PRO Account – minimum deposit of $ 1 000
ECN Razor Account – minimum deposit of $ 2 000
The following methods can be used to fund accounts or make withdrawals with FXGlobe:
Bank Wire Transfer
Online chat: available
Email support: yes
Phone representatives: yes
Educational Material and Promotions
Education section doesn’t have anything interesting and doesn’t even provide proper basics overview for beginners
Promotion: at the time of our FXglobe Review the broker didn’t offer any promotional offers.
How was the rating of FXglobe performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FXglobe FX broker performance and features.
Overall our online FXglobe review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online FXglobe or you find inaccurate details FXglobe broker review please get in touch with us and the changes will be applied.