Pros
  • Regulated by VFSC, FSCA
  • Variety of financial instruments
  • Demo accounts available
  • Commission-free accounts offered
Cons
  • FCA regulation license - unsubsribed
  • Large amount of online reviews of withdrawal issues
  • High minimum deposit required
  • Limited trading tools

Broker reviewed: FX Globe

Operated by FS International Limited & APLFX (PTY) LTD

Established in 2019

Location: Law Partners House, Kumul Highway, Port Vila, Vanuatu.

Regulation: Vanuatu Financial Services Commission (VFSC), FSCA South Africa

Trading instruments: CFDs forex, commodities, indices, shares, crypto, futures

Security of Client funds: Segregated accounts

No Dealing Desk execution NDD: yes

USA traders: not allowed

Trading Platforms

Trading platform: MetaTrader 4 MT4, Metatrader 5, WebTrader

Download version: yes

Web-based interface: yes

Mobile trading: available

The MetaTrader 4 platform is ideal for strategies of any complexity. It’s one of the most powerful trading platforms, and also the most popular and widely used. You’ll get a seamless trading experience which makes it great for any level trader.

The technologically advanced MetaTrader 5 platform was created to effectively trade forex and non-forex CFDs. Although MT4 remains a firm favorite, MT5 offers faster backtesting and depth of market (DOM) functionality. Use it to trade assets like shares.

This online trading platform lets you access your MT4 and MT5 accounts via any browser on any operating system. You don’t need to download any software—or install any extensions. Its flexibility makes it a popular choice for many traders.

Social trading

Want to benefit from the strategy and wisdom of experienced traders? Are you short on time, or looking for ways to build confidence before you start trading? With our social trading platform, you can view, analyze, and follow an experienced trader starting today.

Trading Features

PAMM account: yes

Islamic accounts Swap free: available

Account base currency: EUR, GBP, USD

Currency pairs: 53

Demo account: doesn’t expire, but needs to be active. Inactivity for 30 days results in expiration

Market order.

A market order is the buying or selling of an asset at its current price. Executing a market order results in opening a trade position. You buy at ask price and sell at bid price.

Pending order.

A pending order lets you choose the price at which you want to buy or sell. So, your order will only be executed if a specific price is reached. Pending orders include limit orders and stop orders.

Stop loss.

In case your trade moves in an unprofitable direction, you can use a stop loss to minimize losses. A stop loss is always connected to a pending order or open position.

Take profit.

A take profit closes your position once the price reaches a certain profitable level. This order is always joined to an open position or a pending order.

Minimum position size: 0.01 lot

Spread type: variable

Spread: as low as 0.1 pips on majors

Trailing stop: yes

Pending order: yes

One click trading: yes

Expert advisors: allowed

FXGlobe allows a maximum leverage ratio of 1:500

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

FXGlobe requires the following minimum deposits to open the different types of accounts:

Pathfinder account – minimum deposit of € 250

 Navigator account – minimum deposit of € 2500

Infinity account – minimum deposit of € 25000

The following methods can be used to fund accounts or make withdrawals with FXGlobe: SEPA, Swift, Mastercard, Visa, Neteller, Skrill, SupremCash, Zotapay, Blockchain

Education and Promotions

Education section provides basic articles and videos for beginner traders.

Promotion: at the time of our FXglobe Review the broker didn’t offer any promotional offers.

Customer Service

Online chat: available

Email support: yes

Phone representatives: yes

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. 

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