Globex360-Some Important Points about This Broker
Abstract：Founded in 2017, Globex360 is an online trading services provider based in South Africa. Globex360 is an authorized financial services provider registered and regulated under the Financial Sector Conduct Authority (FSCA) in South Africa. However, the FSCA license is currently exceeded.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
| Feature | Detail |
| Registered Country/Region | South Africa |
| Found | 2017 |
| Regulation | unregulated |
| Market Instrument | forex, commodities, equities, and indices |
| Account Type | Standard, Premium, Premium+, Private Wealth |
| Demo Account | N/A |
| Maximum Leverage | 1:300 |
| Spread (EUR/USD) | 0.2 pips |
| Commission | N/A |
| Trading Platform | MT4 |
| Minimum Deposit | $20 |
| Deposit & Withdrawal Method | Paygate, Visa, and MasterCard |
Founded in 2017, Globex360 is an online trading services provider based in South Africa. Globex360 is an authorized financial services provider registered and regulated under the Financial Sector Conduct Authority (FSCA) in South Africa. However, the FSCA license is currently exceeded.
Here is the home page of this brokers official site:
Note: The screenshot date is January 19, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
Globex360 provides investors with a wide range of financial trading instruments, including forex, commodities, equities, and indices in the Forex market.
Account Types
There are 4 types of accounts on the Globex360 platform: Standard (minimum opening amount of $20), Premium (minimum opening amount of $100), Premium+ (minimum opening amount of $1,000), and Private Wealth (minimum opening amount of $5,000). Overall, the initial deposit required by this broker sounds affordable for most regular traders. The broker also offers Islamic accounts.
Leverage
The maximum trading leverage offered by Globex360 is up to 1:300. The trading leverage offered by this broker is considered high, and inexperienced traders are not advised to use a high leverage level.
Spreads
All spreads with Globex360 are a floating type and scaled with the accounts offered. Specifically, the spread starts from 1.4 pips on the Standard, Premium, and Premium+ accounts, while only the Private Wealth account can enjoy raw spreads.
The spreads on the Globex360 platform are 0.2 pips for EURUSD, 0.1 pips for GBPUSD, 0.09 pips for XAUUSD, 2 pips for US30, 0.03 pips for Brent Oil, and 0.34 pips for Corn.
Trading Platform
Globex360 offers traders MT4, MT4 desktop terminal, MT4 mobile terminal for MT4 Windows, and MT4 OS terminal. MT4 is one of the world's most popular trading platforms with automatic monitoring, advanced charting, and real-time analysis. As one of the first-ever MT4 providers, Globex360's years of experience can help traders with their trading.
Trading Tools
Whilst the MT4 platform will have more than enough compatible tools for the average retail trader, the broker does provide a few additional tools. These trading tools include trading calculators, economic calendars, and more.
Deposit & Withdrawal
From the logos shown at the foot of the home page on Globex360s official website, we found that this broker seems to accept deposits and withdrawals via Paygate, Visa, and MasterCard.
The minimum initial deposit requirement is said to be only $20. Deposits are said to be instant while withdrawals can be processed within 24 hours.
Bonuses
Globex360 claims to offer some bonuses for Premium, Premium+, and Private Wealth accounts, while no bonus on the Standard account. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
Customer Support
Globex360 support can be contacted through email: support@globex360.co.za and telephone:+27 10 009 0512. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and WhatsApp. They do not offer live chat support which is disappointing as this can be the most convenient form of communication for many users. Company address: Ground floor, building 3 Waterford Office Park Fourways Johannesburg.
Pros & Cons
| Pros | Cons |
| • Multiple trading instruments and account types | • FSCA license is exceeded |
| • MT4 supported | • Limited funding options |
| • Low minimum deposit (20) | • Regional restrictions |
Frequently Asked Questions (FAQs)
| Q 1: | Is Globex360 regulated？ |
| A 1: | No. It has been verified that the FSCA license is exceeded. |
| Q 2: | At Globex360, are there any regional restrictions for traders？ |
| A 2: | Yes. Globex360 products and services are not intended for Belgium, US and Canadian residents. |
| Q 3: | Does Globex360 offer the industry-standard MT4 & MT5？ |
| A 3: | Yes. Globex360 supports MT4. |
| Q 4: | What is the minimum deposit for Globex360？ |
| A 4: | The minimum initial deposit at Globex360 to open an account is only $20. |
| Q 5: | Is Globex360 a good broker for beginners？ |
| A 5: | No. Globex360 is not a good choice for beginners. We dont advise any traders to trade with unregulated brokers. |
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