FxGlobe Review

FxGlobe is an broker for forex trading services. It provides traders with access an array of instruments across a variety of markets, including shares, indices, currencies and a variety of other instruments.

Pros

• Segregates client funds
• Established in 2009
• Regulated by CySEC
• Min. amount of deposit is $250.

Cons

• It doesn't provide VPS ( See alternatives)
• Instruments that are not available in a wide range
• It is not FCA Controlled ( See alternatives)

For a live account to be opened you'll require a minimum amount of at least $250. Alternately, FxGlobe offers a demo accountthat is available to get acquainted with their system.

Regulated by CySEC (Licence: 205/13). FxGlobe places all funds of clients in a bank account that is segregated and makes use of tier-1 banks for this. FxGlobe was established in 2009 and has headquarters in Cyprus.

Before we go into more in-depth details of the spreads charges, platforms, and trading capabilities, you might prefer to open the FxGlobe website in a new tab clicking on the link below to view the most current details straight from FxGlobe.

VISIT FXGLOBE

Complete disclosure. We might earn a commission when you sign to a broker through one of our hyperlinks.

OPEN A DEMO ACCOUNT
 

73.83 percent of accounts for retail investors lose funds in the course of trading CFDs through this broker.

Which spreads are offered by FXGlobe?, spreads and charges?

Similar to most brokers FxGlobe charges a fee from the spread which represents the amount that is different between buy and sell prices on an investment.

The spreads and commissions shown below are based upon the minimum spreads that are listed on FxGlobe's site. The bars in color show how competitive the spreads of FxGlobe compare to other brokers that are featured on BrokerNotes.

Spreads are in flux and are intended for informational purposes only.

As you can see, FxGlobe's minimal spread to trade EUR/USD at just pips that's quite small compared to the average spreads of EUR/USD which is 0.70 pips. Below is the breakdown of how much it will cost to trade a large amount of EUR/USD through FxGlobe against. other similar brokerages.

SEE ALL SPREADS

What is the cost FxGlobe cost for a trade of one lot of USD/EUR?

If you were to purchase one typical lot in EUR/USD (100k units) using FxGlobe at a price that was 1.1719 after which you would then trade it on the following day for the same amount, you'd probably spend $11.26. Here's a rough breakdown the charges and how it compares to IG & XTB .

The information provided is intended for information purposes only and are subject to change.

What are the options for trading with FxGlobe?

FxGlobe offers a range of instruments for trading, including for currencies. We've outlined the instruments provided through FxGlobe below, and also the instruments that are offered by the IG and the XTB to provide a comparative view.

Which is your FxGlobe trading experience?

1.) Platforms and apps.

FxGlobe is a leading MT4 for trading forex. For a complete list of the best MT4 brokers, check out our analysis between MT4 brokerages.

FxGlobe also offers mobile applications that are available on Android and iOS that make it easy to monitor the trades you make while you're on the go.

SEE FXGLOBE'S PLATFORMS

Are you still unsure?

Create a practice account to learn about trading and open a trade

2) Executing Trades

FxGlobe allows you to make an initial trade in the amount of 0.01 Lot. It can vary based on the account you create. The requirements for trades are different with respect to the trader as well as the instrument. Because FxGlobe provide ECN as well as STP execution and STP execution, you can expect precise spreads and greater transparency about the cost you're paying for your trades.

As a market maker FxGlobe could have lower entry requirements than an ECN broker, which has a larger quantity of trades. It also typically has higher capital requirements and minimum requirements for trading. Market makers generally have lower minimum deposits and lower minimum trade requirements and there is no commission for trades.

It's a great bonus FxGlobe are among the few brokers who affirm that they do not use quotes that are requotes. This means you won't need to be concerned about slippage (your orders are being executed at a different rate than the price you made them).

Similar to the majority of brokers, margin requirements differ based on the broker, trader and instruments. You can check the most recent guidelines on the margins page.

FxGlobe also provides a variety of beneficial risk management tools including stop losses (with the option of trailing stops) and limit orders, negative price alerts for balance protection and more. You can view all the features of accounts offered by FxGlobe by clicking here.

We've also listed a few of the most well-known funding options that FxGlobe provides its clients below.

Trading Features:

• Allows scalping
• Allows hedging
• Offers STP
• Low min deposit
• Offers Negative Balance Protection

Accounts are available:

• Demo account
• Mini account
• Standard account
• ECN account

Methods of funding:

• Credit cards
• Bank Transfer
• Neteller

3.) Support for clients

FxGlobe supports a variety of languages such as English, Spanish, Italian, French, Arabic, and Greek.

FxGlobe is a broker with a Triple AAA Support rating as they provide a variety of support and languages.

4.) What are the requirements to do is open an account at FxGlobe

Since FxGlobe is controlled by CySEC and every new customer must go through a series of basic security checks to confirm that you're aware of the risks of trading and that you are able to trade. When you sign up for your account with FxGlobe, you'll most likely be asked to fill out the following details, so be sure to have these items on hand:

• A colour scan copy of your driver's license, passport or your national ID
• Utility bill, or a bank statement from the last three months, indicating your address.

There's also the need to answer some basic compliance questions to determine the amount of trading experience you have. It's best to set aside at least 10 minutes or more to finish the opening procedure.

While you may be able to use FXGlobe's services right immediately, it's crucial to not forget that you won't permitted to make trades until you've passed the compliance test and this can take up to a few days, based on the situation.