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FXGlobe Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-17 15:38

Abstract:FS International Limited(FXGLOBE) is established in Vanuatu, regulated by CYSEC. It provides its clients more than 70 tradable financial instruments, including forex currency pairs, commodities, indices and cryptocurrencies, with leverage of up to 1:200. The original spread for MT4, MT5 and Web Trader platforms is 0.00 points.

FXGLOBE Review Summary
Founded2015
Registered Country/RegionVanuatu
RegulationCYSEC
Market InstrumentsFX (major, minor, exotic), commodities, indices and shares
Demo AccountAvailable
LeverageUp to 1:200
Spread0.5 pips on the EUR/USD pair
Trading PlatformMT4, MT5, Web Trader
Min Deposit$250
Customer SupportPhone: +44 2045427667
Email: support@fxglobe.com
Multilingual live chat:Twitter: https://twitter.com/FXGlobeCommFacebook: https://www.facebook.com/FXGlobeCommunityInstagram: https://www.instagram.com/fxglobecommunity/YouTube: https://www.youtube.com/@fxglobecommunity

FXGLOBE Information

  FS International Limited(FXGLOBE) is established in Vanuatu, regulated by CYSEC. It provides its clients more than 70 tradable financial instruments, including forex currency pairs, commodities, indices and cryptocurrencies, with leverage of up to 1:200. The original spread for MT4, MT5 and Web Trader platforms is 0.00 points.

FXGLOBE Information

Pros and Cons

ProsCons
Regulated by CYSECHigh minimum deposit required
Variety of financial instrumentsReports of difficulties in withdrawing funds and experiencing severe slippage
Demo accounts availableLimited trading tools
Commission-free accounts offered
Multiple trading platforms available (MT4, MT5, and Web Trader)

Is FXGLOBE Legit?

  It is regulated by the Cyprus Securities and Exchange Commission (CYSEC, License No. 205/13). However, it represents a unsubscribed status with the United Kingdom Financial Conduct Authority (FCA, License No. 611742) and a revoked regulatory status with the Vanuatu Financial Services Commission (VFSC, License No. 700227) and the Federal Financial Supervisory Authority (Ba Fin, License No. 136044), which may indicate a lack of oversight and consumer protection.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense Number
Regulated Country
CYSECFXGlobe LtdStraight Through Processing(STP205/13
Is FXGLOBE Legit?
Is FXGLOBE Legit?
Is FXGLOBE Legit?
Is FXGLOBE Legit?

What Can I Trade on FXGLOBE?

  FXGLOBE offers traders the opportunity to trade currency pairs, commodities, indices, shares and futures.

What Can I Trade on FXGLOBE?
Tradable InstrumentsSupported
Commodities✔
Stocks❌
Forex✔
Cryptocurrencies❌
Indices✔
Bonds❌
ETFs❌
Mutual Funds❌
Futures✔

Account Types

  AvaTrade offers demo accounts for traders to practice and three live account types, namely Pathfinder, Navigator, and Infinity. The Pathfinder account is accessible for traders with a smaller budget with a minimum initial deposit of $/€/£250. The Navigator account is fit for more experienced traders with a higher minimum initial deposit of $/€/£2,500. The Infinity account is designed for professional traders and requires a minimum initial deposit of $/€/£25,000.

PathfinderNavigatorInfinity
Minimum Deposit$/€/£250$/€/£2,500$/€/£25,000
ExecutionNo Dealing Desk (NDD)
Minimum Trading Size1000 (0.01 lots)
Account Types
Account Types

Leverage

  FXGLOBE offers leverage options of up to 200:1, giving traders the opportunity to increase their potential profits.

FXGLOBE Fees

  FXGLOBE Fees are still considered relatively low and attractive for traders. FXGLOBE offers raw spreads starting from 0.00 pips. The spread for EUR/USD is 0.5 pips.

  Besides, FXGLOBE's account types are divided by commission: Pathfinder and Navigator are commission-free and suitable for trading with no additional costs; Infinity account commission $7 per lot, suitable for high trading volume

FXGLOBE Fees

Trading Platform

  MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two popular platforms chosen by FXGLOBE to serve for clients of different preferences. Besides, FXGLOBE provides a Web Trader platform in which traders access their accounts and trade directly without the need for any software download.

Trading Platform

  Speaking of trading platforms, multiple choices are available with FXGLOBE. You can apply most of them on multiple devices, including Windows, MAC, Android, and IOS. You can check it out as follows:

Trading PlatformSupportedAvailable DevicesSuitable for
MT5✔Windows, MAC, IOS, AndroidInvestors of all experience levels
MT4✔Windows, MAC, IOS, AndroidInvestors of all experience levels
Web Trader✔Windows, MAC, IOS, AndroidInvestors of all experience levels

Deposit and Withdrawal

  FXGLOBE offers free deposits. With the exception of SEPA's minimum deposit of €250 and Swift's minimum deposit of US $300, the minimum deposit for all other deposit methods is set at US $50.

  While most withdrawals are free, it's worth noting that there is a $25 fee for withdrawals via Swift. The minimum withdrawal fee is $25 for most withdrawal methods, while the minimum withdrawal fee for Swift method is $300.

  Deposit Options

Deposit OptionsCurrenciesMax. DepositMin. DepositFeesProcessing Time
SEPAEURUnlimited€250No Commission1 to 4 business days
SwiftUSD, EUR, GBP, SGD, AED, PLNUnlimited$300No Commission1 to 4 business days
MastercardUSD, EUR, GBP, PLN$20,000$50No CommissionInstant
VisaUSD, EUR, GBP, PLN$20,000$50No CommissionInstant
NetellerUSD, EUR, GBP, BRL$20,000$50No CommissionInstant
SkrillUSD, EUR, GBP, PLN$20,000$50No CommissionInstant
PIX, TED, BoletoBRLBRL 200,000$50No CommissionSame business day
Africa Solutions / South Africa EFTGHS, KES, NGN, ZAR,ZAR 100,000, 10 Million NGN Per transaction$50No CommissionSame business day
CryptocurrencyBitcoin, USDT ERC-20, USDT TRC-20Unlimited$50No CommissionInstant

  Withdrawal Options

Withdrawal OptionsCurrenciesMin. WithdrawalFeesProcessing Time
SEPAEUR€25No Commission3 to 5 business days
SwiftUSD, EUR, GBPPLN$300No Commission3 to 5 business days
MastercardUSD, EUR, GBP, PLN$25No Commission1 to 5 business days
VisaUSD, EUR, GBP, PLN$25No Commission1 to 5 business days
NetellerUSD, EUR, GBP, BRL$25No CommissionSame business day
SkrillUSD, EUR, GBP, PLN$25No CommissionSame business day
PIX, TED, BoletoBRL$25No CommissionSame business day
Africa Solutions / South Africa EFTGHS, KES, NGN, ZAR,$25No CommissionSame business day
CryptocurrencyBitcoin, USDT ERC-20, USDT TRC-20$25No CommissionSame business day

  

Related broker

Regulated
FXGlobe
Company name:FS International Limited
Score
5.23
Website:https://www.fxglobe.com/en/
2-5 years | Regulated in Cyprus | Regulated in Vanuatu | Straight Through Processing (STP)
Score
5.23

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