Global FX Review
Based in Hong Kong, Global FX is an STP broker that provides traders with online trading services, including leverage of up to 1:200, spreads from 0.1 pips, competitive fees, and more, for Forex and CFD trading. Traders are allowed to trade multiple financial instruments — including forex, stocks, indices, metals, and commodities — using various advanced trading platforms, such as cTrader and MT5. There are various learning and trading tools, as well as a client support team to assist traders. However, the broker is not regulated.
Global FX Review, Pros & Cons
- Advanced trading platforms
- Educational resources & trading tools
- Multiple financial instruments
- Unregulated brokerage firm
- Minimum $300 deposit
- Limited deposit & withdrawal methods
- No USA traders
In this detailed Global FX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Global FX Overview
Launched in 2009, Global FX is an online retail broker that allows traders to buy and sell over 1200 financial markets. They operate the STP/ECN execution model, which offers access to the interbank markets. Trades are carried out via some advanced trading platforms, which are available in desktop, web, and mobile versions.
Over the years, the broker has bagged several industry awards in honor of their brokerage services. These awards include the Best STP Service Europe, European Quality Award, Best STP Service, and more.
Global FX Regulation
There is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
Global FX Countries
Global FX International LP does not provide services to citizens of the United States and Canada.
Some Global FX features and products mentioned within this Global FX review may not be available to traders from certain countries because of legal restrictions.
Global FX Platforms
Global FX provides traders with the MetaTrader 5 and CTrader trading platforms. MT5 is an advanced trading platform that offers several features, including the use of semi-automatic and automatic trading algorithms (expert advisors), as well as mirror image reproduction. The platform is one of the most widely used among Forex and CFD traders all over the world.
cTrader is an advanced trading software that runs on STP technology. The platform is fit for intraday trading owing to adjustable minute timeframes and the ability to make single-click transactions. It offers full automation features, including cMirror for copying signal suppliers
The MT5 and CTrader trading platforms are available as desktop applications for Windows and Mac computers, web versions for modern browsers, and mobile apps for Android and iOS mobile devices.
Global FX Trading Tools
In addition to the tools built into the provided trading platforms, Global FX provides traders with some useful trading tools, such as the Economic Calendar, Quotes, Technical Analysis tools, and more.
Global FX Education
There are various educational resources on the broker’s website, and they include an FAQ section, glossaries, learning articles, and company news that keeps traders up to date with the events that take place in the financial markets.
Global FX Instruments
The broker offers the following trading assets: Forex, stocks, indices, metals, commodities, and more.
Global FX Accounts & Fees
Global FX offers one standard account type for all clients, with a minimum deposit requirement of 300 USD.
As broker fees can vary and change, there may be additional fees that are not listed in this Global FX review. It is imperative to ensure that you check and understand all of the latest information before you open a Global FX broker account for online trading.
Global FX Support
The broker provides traders with a knowledgeable client support team who are available 24/5 and can be contacted via email, telephone, or by visiting their office address in Hong Kong.
Global FX Deposit & Withdrawal
The broker allows electronic payment processors and some major credit/debit cards: Visa, MasterCard, and Maestro.
Global FX Account Opening
To open an account, click on the “Open Account” button at the top-right corner of the broker’s website. Proceed to fill in the account application form and provide any requested documents.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Global FX Summary
Global FX is a retail broker that allows traders to buy and sell various financial instruments via a range of sophisticated trading platforms. They provide traders with all the necessary tools required to ensure a seamless trading process. Other essential features of the broker include STP/ECN execution, spreads from 0.1 pips, maximum leverage of 1:200, and more. The broker is not regulated by any known financial authority at the moment.
Trading on financial markets (marginal trading, in particular) opens new opportunities and gives investors chances to take risks for high profits but, at the same time, bearing high risks of loss. That is why, before trading, it is worth considering acceptance of such actions from the point of view of financial resources and level of knowledge.