Globalix is an online trading broker that offers traders access to trade CFD markets with the availability of leverage, competitive spreads, and no commissions. The broker is however unregulated and therefore cannot offer investors the same protections that a regulated broker can.
Globalix Review, Pros & Cons
- Multiple intuitive trading platforms
- A selection of educational resources
- Multiple account options
- Unregulated broker
- Minimum $250 deposit
- No MetaTrader platform
- No US clients
- Not the lowest spreads
- Lack of additional trading tools
In this detailed Globalix 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.
Operating since 2013 in the Marshall Islands, Globalix is an online trading broker that offers multiple tradable assets, such as CFDs, stocks, commodities, and indices, for trading online via the provided trading platforms. They provide clients with multiple account options, educational materials, and customer support whilst charging no commissions on trades.
Globalix is not regulated. Most 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.
The broker states that its products and services are not directed at residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Some Globalix features and products mentioned within this Globalix review may not be available to traders from specific countries due to legal restrictions.
Globalix provides its traders with two sophisticated trading platforms, namely:
This is a user-friendly platform that runs directly on modern web browsers and operating systems without needing to download or install any additional software.
Globalix Mobile Trader
This is a state-of-the-art platform that is developed using the HTML5 programming language. It is compatible with smartphones running on Android or iOS and can be downloaded from the respective app stores.
Globalix Trading Tools
The broker does not have any additional trading tools presently.
Globalix provides its clients with a selection of educational resources, which are aimed at improving traders’ overall trading skills and knowledge. They include Forex Glossary, FAQ section, eBooks, and a Trading School.
Globalix gives traders access to online trading of multiple tradable assets, including CFDs, forex, commodities, stocks, and indices.
Globalix Accounts & Fees
Globalix offers four different account types: Classic, Gold, Platinum, and VIP Accounts. The minimum deposit required to commence trading is 250 $/€/£. The minimum transaction, however, is dependent on the asset being traded, but no commission is charged on trades. Demo accounts are also available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this Globalix review. It is imperative to ensure that you check and understand all of the latest information before you open a Globalix broker account for online trading.
Globalix provides traders with a knowledgeable customer support team; they are available 24/7 and can be reached via telephone, email, and Live Chat.
Globalix Deposit & Withdrawal
The broker accepts the following payment methods. They include:
- Bank wire transfer
- Credit/ Debit Cards — such as Visa, MasterCard, and Maestro.
- Online Payment Processors — including Skrill.
Globalix Account Opening
Opening a Globalix account is easy. Simply click on the signup link and fill in the required information page. Once your account has been successfully created, you will need to send verification documents to complete the registration process. After approval, you will be able to fund your account and begin trading online.
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 to them.
Globalix is an online trading broker that offers multiple financial instruments for online trading along with competitive trading conditions. The broker is however unregulated, which can be a red flag for potential clients. We also did not find them to have the lowest spreads and a high minimum deposit when compared to the best trading brokers.
Trading Forex and CFDs is highly speculative and carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.