FxGlobe Review

Category: Reviews | Author: Trading Brokers | Date: October 7, 2023

As we dive into the intricacies of the online trading landscape, it becomes apparent that the choice of a brokerage partner is a decision of paramount importance for investors. FxGlobe, a name that’s been increasingly capturing the attention of traders, now takes center stage for our comprehensive evaluation. Throughout this review, our goal is to dissect the multifaceted aspects that define FxGlobe’s services and reputation. Consider this your guiding compass through the labyrinthine world of online trading, offering a detailed perspective on what distinguishes FxGlobe from its competitors. Whether you’re a seasoned trader on the hunt for a reliable platform or a novice ready to explore the realm of forex and CFD trading, we invite you to join us on this exploration. Together, we will delve deep into the intricacies of FxGlobe, providing you with the insights needed to make a well-informed choice for your trading journey.

Pros & Cons

  • Extensive educational resources
  • Utilizes popular trading platforms
  • Regulated by CySEC. Offers diverse account types
  • Supports various deposit methods
  • Access to over 200 instruments
  • Higher minimum deposits for certain accounts
  • Limited cryptocurrency selection
  • Limited track record. Some withdrawals may take time
  • Varies in negative balance protection
  • Commission on the Infinity account

Summary

FxGlobe Review

FxGlobe Review

FxGlobe is a forex and CFD broker offering a wide array of services and features to its clients. Regulated by the Cyprus Securities and Exchange Commission (CySEC) and compliant with the Markets in Financial Instruments Directive (MiFID) II, it prioritizes protection and professionalism.

One standout feature of FxGlobe is its range of three distinct account types: Navigator, Pathfinder, and Infinity. Each caters to specific trading needs. FxGlobe also provides diverse trading platforms and tools, including MT4, MT5, web trader, and mobile trading platforms. These offer traders a broad range of capabilities and options. For instance, MT4 and MT5 are renowned for their user-friendly interfaces and advanced functionalities. Additionally, FxGlobe equips traders with essential tools such as market analysis, technical indicators, charting resources, economic calendars, autochartist, and VPS services.

Furthermore, FxGlobe enables clients to explore various markets, including forex, indices, commodities, and cryptocurrencies. With over 200 instruments at their disposal, including over 50 currency pairs, leading stock market indices, diverse commodities, and popular cryptocurrencies, traders can diversify their portfolios and seek opportunities in different sectors. To support traders on their journey, FxGlobe offers an extensive range of educational resources. These include video tutorials, ebooks, daily news updates, masterclass courses, and a comprehensive glossary.

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Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulations

FxGlobe is a forex and CFD broker that operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC), which is one of the most reputable and respected regulatory authorities in the European Union. FxGlobe’s license number is 205/13, and it was issued on July 22, 2013.

By being regulated by CySEC, FxGlobe follows the Markets in Financial Instruments Directive (MiFID) II, which is a set of rules that harmonizes the regulation of investment services across the EU. MiFID II aims to increase transparency, efficiency, and security in the financial markets, as well as to protect investors from fraud and abuse. MiFID II covers various aspects of FxGlobe’s operations, such as client categorization, client money protection, negative balance protection, risk disclosure, best execution, and conflict of interest. FxGlobe participates in the Investor Compensation Fund (ICF), which covers up to €20,000 per client in case of default by the broker.

FxGlobe has a policy and procedures to identify, prevent, and manage any potential conflicts of interest that may arise. FxGlobe also discloses any relevant conflicts of interest to its clients before providing them with any service. In your quest for a brokerage partner, consider FxGlobe’s commitment to regulation and investor protection. Should you desire alternative options, please see a list of regulated brokers for your perusal.

Platforms and Tools

FxGlobe equips traders with a versatile array of trading platforms, catering to diverse preferences and needs. Among its offerings are the industry stalwarts, MT4 and MT5, renowned for their user-friendly interfaces, advanced functionality, and rapid execution speeds. Remarkably, these platforms are accessible as desktop applications, web-based versions, and mobile apps compatible with both iOS and Android devices.

MT4 & MT5 Platforms

MT4 & MT5 Platforms

For traders who value accessibility and convenience above all, FxGlobe provides the web trader platform. This web-based trading interface eliminates the need for software downloads or installations, granting traders the freedom to access their accounts and execute trades from any browser and device. With its intuitive design and comprehensive feature set mirroring MT4 and MT5, Web Trader ensures a seamless trading experience across major browsers like Chrome, Firefox, Safari, and Edge.

Recognizing the imperative of trading on the go, FxGlobe extends its commitment to mobile traders. Mobile trading platforms, available for both MT4 and MT5, as well as web traders, empower traders to seize opportunities from their smartphones or tablets. What’s more, these platforms boast responsive designs that adapt seamlessly to various screen sizes and orientations, making trading flexibility a tangible reality.

Now, with an overview of FxGlobe’s diverse platform offerings, let’s delve into the robust tools and features that this brokerage provides to enhance your trading experience.

  • Market analysis tools: These are tools that help traders to analyze the market trends, movements, and opportunities. FxGlobe offers various market analysis tools to its clients, such as daily market reviews, weekly market outlooks, Live market news feeds, an economic calendar, trading signals, and technical analysis support.
  • Technical indicators: These are mathematical calculations that are applied to the price or volume data of a financial instrument. They are used to identify patterns, trends, support and resistance levels, momentum, volatility, and other aspects of the market behavior. FxGlobe offers over 50 technical indicators to its clients, such as moving averages, Bollinger bands, stochastic oscillators, MACD (Moving Average Convergence Divergence), RSI (Relative Strength Index), ADX (Average Directional Index), Ichimoku cloud (Ichimoku Kinko Hyo), Fibonacci retracement levels (Fibonacci Retracement), Parabolic SAR (Parabolic Stop And Reverse), etc.
  • Charting tools: These are tools that help traders visualize the price or volume data of a financial instrument in different formats. They are used to display historical data as well as real-time data. FxGlobe offers various charting tools to its clients, such as line charts (Line Chart), bar charts (Bar Chart), candlestick charts (Candlestick Chart), Heikin-Ashi charts (Heikin-Ashi Chart), Renko charts (Renko Chart), etc.
  • Autochartist: This is a tool that automatically scans the market for chart patterns (such as triangles (Triangle Pattern), wedges (Wedge Pattern), head-and-shoulders (Head And Shoulders Pattern), etc.), key levels (such as horizontal support/resistance levels (Horizontal Support/Resistance Level), diagonal trendlines (Diagonal Trendline), Fibonacci retracement levels (Fibonacci Retracement Level), etc.), volatility analysis (such as expected price range based on historical volatility (Expected Price Range)), etc. Autochartist also provides traders with quality ratings of each pattern or level based on its probability of success. FxGlobe offers Autochartist to its clients for free.
  • VPS service: This is a service that allows traders to run their automated trading systems (Expert Advisors) on a remote server that is connected to the internet 24/7. This way, traders can avoid any interruptions or delays caused by their own computer or internet connection issues. VPS service also provides traders with enhanced security and protection of their data and trading activities. FxGlobe offers a free forex VPS service to its clients, subject to certain conditions.

Education

FxGlobe offers various educational resources for traders, such as video tutorials, ebooks, news, masterclass courses, and glossaries. These educational resources are designed to help traders improve their knowledge and skills in trading, as well as to keep them updated on the latest market developments and trends.

  • Video Tutorials: FxGlobe provides a wealth of over 100 short and engaging video tutorials covering a wide range of topics. These tutorials encompass trading basics, strategies, technical and fundamental analysis, risk management, trading psychology, and more, catering to both beginners and advanced traders.
  • Ebooks: For in-depth knowledge, FxGlobe offers over 20 comprehensive ebooks. These electronic books delve into various aspects of forex and CFD trading, including trading platforms, market analysis tools, trading indicators, charting tools, and trading signals, all available for download in PDF format.
  • News: Stay informed with daily news articles crafted by professional analysts and journalists. FxGlobe’s news reports keep traders updated on major events and developments affecting global financial markets, such as economic data releases, central bank decisions, and geopolitical events.
  • Masterclass Courses: FxGlobe’s online masterclass courses provide a structured learning path, ranging from the fundamentals to advanced levels of forex and CFD trading. With over 10 courses, these offerings are facilitated by experienced instructors and include video lectures, quizzes, assignments, and certificates of completion.
  • Glossary: Trading terminology can be complex, but FxGlobe simplifies it with a glossary. This glossary provides clear definitions for common terms and jargon used in forex and CFD trading, helping traders understand concepts like leverage, margin, spread, pip, lot, stop loss, take profit, and more.

Markets

FxGlobe strives to provide a broad spectrum of markets to cater to the preferences and strategies of traders. Below, we’ll explore the various markets available through FxGlobe, offering you a glimpse into the range of trading possibilities awaiting you.

  • Forex: FxGlobe offers trading in over 50 currency pairs, including major, minor, and exotic currencies. Forex trading involves buying one currency and selling another at the same time, based on the exchange rate between them.
  • Indices: FxGlobe allows you to trade on several leading stock market indices, such as the S&P 500, Dow Jones Industrial Average, NASDAQ Composite, and more. Indices trading involves speculating on the rise or fall of the value of an index, without owning the individual stocks that make up the index.
  • Commodities: You can trade on various commodities with FxGlobe, such as gold, silver, crude oil, natural gas, and copper. Commodities trading involves predicting the price movements of these physical goods or raw materials, based on factors such as supply and demand, weather conditions, geopolitical events, etc.
  • Cryptocurrencies: FxGlobe also offers trading in popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple. Cryptocurrency trading involves buying and selling these digital currencies or tokens at their market price, based on factors such as popularity, innovation, regulation, etc.

Accounts

FxGlobe is a forex and CFD broker that understands that every trader is different and has different needs and preferences. That is why FxGlobe offers three types of accounts to its clients, each with its own features and benefits. Whether you are a beginner or a professional, a casual or a high-volume trader, you can find the account type that best suits your trading style and goals. Here are the account types that FxGlobe offers:

  • Navigator Account: The Navigator account, designed as the foundational account type, is an ideal starting point for beginners and traders seeking a straightforward trading experience. With a minimum deposit requirement of $250 and no commissions, it provides accessibility for those looking to dip their toes into the trading waters. This account offers spreads starting from 1.6 pips, leverage up to 1:300, and accommodates trades from 0.01 lots up to a maximum of 50 lots. Traders can access a diverse array of over 200 instruments, including forex, indices, commodities, and cryptocurrencies, across multiple platforms, including MT4, MT5, web trader, and mobile trading platforms.
  • Pathfinder Account: The Pathfinder account caters to experienced and active traders looking to elevate their trading conditions. With a minimum deposit requirement of $2,500 and zero commissions, it offers improved spreads starting from 0.9 pips and leverage of up to 1:500. This account allows traders to execute trades from 0.01 lots to a maximum of 100 lots. As with the Navigator account, the Pathfinder account provides access to a wide range of instruments, including forex, indices, commodities, and cryptocurrencies, on versatile platforms such as MT4, MT5, web trader, and mobile trading platforms.
  • Infinity Account: The Infinity account represents the pinnacle of premium trading at FxGlobe, tailored for professional and high-volume traders seeking exceptional market conditions and personalized services. With a minimum deposit requirement of $25,000 and a commission of $7 per lot, this account boasts spreads starting from 0 pips and leverage up to 1:500. Trading size flexibility is unlimited, making it suitable for high frequency trading strategies. The Infinity account provides access to the full spectrum of instruments, including forex, indices, commodities, and cryptocurrencies, across platforms like MT4, MT5, web trader, and mobile trading platforms. In addition to the tools and features common to other account types, Infinity account holders benefit from a dedicated account manager, priority customer support, exclusive promotions, and invitations to VIP events and seminars organized by FxGlobe and its partners.

Funding

FxGlobe, as a forex and CFD broker, prioritizes the convenience, security, and swiftness of financial transactions for its clients. To facilitate these essential processes seamlessly, FxGlobe offers a diverse array of funding methods. Here’s a succinct overview:

  • Bank Wire Transfers: This method involves the direct transfer of funds from one bank account to another. FxGlobe accommodates bank wire transfers in multiple currencies, including USD, EUR, GBP, and PLN. For bank wire transfers, the minimum deposit requirement is $300, while the minimum withdrawal is $25. Deposits typically take 1 to 4 business days to process, with withdrawals requiring 3 to 5 business days. Notably, FxGlobe imposes no fees for bank wire transfers; however, it’s essential to note that banks may levy their own charges.
  • Credit/Debit Cards: Clients can opt for this method using Mastercard and Visa cards issued by banks or financial institutions. Credit/debit card transactions are available in various currencies, such as USD, EUR, GBP, and PLN. Maximum deposit and withdrawal amounts are capped at $20,000 and $25, respectively. Deposits through this channel are processed instantly, while withdrawals typically take 1 to 5 business days. Notably, FxGlobe does not impose fees on credit/debit card transactions.
  • E-Wallets: This brokerage supports prominent e-wallet platforms, including Neteller and Skrill, facilitating rapid and hassle-free transactions. These e-wallets accommodate various currencies, such as USD, EUR, GBP, JPY, BRL, VND, MYR, CNY, THB, XAF, BIF, ZMW, RWF, UGX, TZS, GHS, KES, and NGN, granting traders flexibility in their financial dealings. The maximum deposit and withdrawal limits for these e-wallets are tailored to the specific currency, providing a seamless experience for clients.
  • Cryptocurrencies: FxGlobe also provides cryptocurrencies as one of its funding options. The broker allows for deposits and withdrawals to be made through Bitcoin (BTC), a trailblazing digital currency that offers traders the opportunity to engage in forex and CFD trading using this decentralized form of money. Additionally, FxGlobe caters to the stablecoin arena by welcoming Tether (USDT) in both ERC-20 and TRC-20 formats. USDT’s stability, pegged to fiat currencies, coupled with the efficiency and security of blockchain technology, presents an enticing option for traders. These cryptocurrency transactions are characterized by their rapid processing, often completed on the same day, and FxGlobe does not impose fees for these transactions, aligning with the ethos of the decentralized digital realm.

Conclusion

In conclusion, our review of FxGlobe reveals a brokerage firm that places paramount importance on transparency, security, and the diverse needs of its clientele. With a comprehensive suite of account types catering to traders at all levels, coupled with an extensive range of educational resources, FxGlobe empowers its clients to make informed and strategic trading decisions. Moreover, the provision of multiple funding methods, including e-wallets and cryptocurrencies, reflects a commitment to modernity and convenience. FxGlobe’s commitment to regulation under the Cyprus Securities and Exchange Commission (CySEC) further underscores its dedication to ensuring a safe and accountable trading environment. With a robust arsenal of tools and an unwavering focus on client satisfaction, FxGlobe stands as a compelling choice for traders seeking a reliable partner in their financial endeavors. As we wrap up our exploration of FxGlobe and its offerings, it’s essential to recognize the strengths and opportunities it presents to traders. However, it’s worth noting that while FxGlobe offers strong features, there are other brokers with longer track records and unique attributes that might be worth considering as alternative options for your trading journey. For a more comprehensive selection of brokerage choices, we encourage you to explore our trading broker reviews. This broader perspective will empower you to make a well-informed decision tailored to your specific trading preferences and goals.

FxGlobe Logo

$250

FxGlobe is a forex and CFD broker that offers various platforms, tools, markets, and educational resources to its clients. FxGlobe is regulated by CySEC and follows MiFID II. FxGlobe also has a connected community of traders who share information and support each other.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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