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Globlex Securities Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- THB 100
- GBS Global (mobile apps for Android and iOS)
- Aspen for Browsers
- eFinance Thai
- Settrade
- StockRadars
- FINRA
- SEC
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- THB 100
- GBS Global (mobile apps for Android and iOS)
- Aspen for Browsers
- eFinance Thai
- Settrade
- StockRadars
- FINRA
- SEC
Our Evaluation of Globlex Securities
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Globlex Securities is a broker with higher-than-average risk and the TU Overall Score of 3.28 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Globlex Securities clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Globlex Securities significantly expands opportunities for Thai investors through international stock exchanges. At the same time, the broker offers comfortable conditions for online investing on the SET, one of the leading financial markets in Southeast Asia.
Brief Look at Globlex Securities
Globlex Securities Co., Ltd, was incorporated in July 2002 and is a part of Globlex Holding Management Plc. It is a member of the Stock Exchange of Thailand (SET) and Securities Investor Protection Corporation (SIPC). The broker is regulated by FINRA (Financial Industry Regulatory Authority) and SEC (Securities and Exchange Commission | Thailand and the U.S.). Globlex Securities provides its services to institutional and retail investors from Thailand and other countries. It is an intermediary for trading on SET and the largest U.S. stock exchanges.
- Reliable regulation and investment protection;
- Wide range of securities and markets;
- Variable and fixed fees without mandatory minimums;
- Separate mobile apps for trading on U.S. stock exchanges;
- Minimum deposit is THB 100 (~2.72 USD);
- Trading fractional shares for a minimum amount of $1;
- Qualitative research, analytics, and market technical analysis.
- Only large investors can invest in bonds;
- Mobile apps for trading on U.S. exchanges don’t have a demo mode;
- The company doesn’t provide education on investment.
TU Expert Advice
Financial expert and analyst at Traders Union
Globlex Securities doesn’t offer credit balance accounts. All the broker’s accounts are cash balance, which means that they require a full amount to buy an asset. Yet, the broker allows its clients to buy fractional shares, thus its clients can invest any amount starting from $1.
The broker’s activities are regulated by SEC, therefore certain rules apply to its clients. For example, if investors execute more than 4 trades a day during 5 days, it is considered day trading. To conduct daily trading without blocking accounts for 90 days, traders’ balance must be over $25,000.
Globlex Securities offers a wide range of bonds. The broker’s clients can invest not only in bonds issued by the government and the Bank of Thailand, but in bonds issued by private companies. Yet, Globlex Securities provides access to primary and secondary markets of debt instruments. If you buy government bonds from the issuer, their price is THB 5 million; if you buy them from other companies, it’s THB 1 million. Bonds of private companies on primary and secondary markets cost from THB 1 million.
Globlex Securities Summary
Your capital is at risk. Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. Globlex Securities and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | GBS Global (mobile apps for Android and iOS), Aspen for Browsers, eFinance Thai, Settrade, and StockRadars |
|---|---|
| 📊 Accounts: | E-Open |
| 💰 Account currency: | THB and USD (for trading on U.S. stocks) |
| 💵 Replenishment / Withdrawal: | Bank transfer |
| 🚀 Minimum deposit: | THB 100 and $25,000 for day trading |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | $1 |
| 💱 Spread: | No |
| 🔧 Instruments: | Stocks (local and foreign), ETFs, ADRs (American Depositary Receipts), futures, options, treasury bills, bonds, and mutual funds |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Exchange |
| ⭐ Trading features: |
Trading on U.S. and Thai stock exchanges; Day trading; Investments for different periods. |
| 🎁 Contests and bonuses: | No |
Globlex Securities provides access to securities markets and supports trading derivatives, bonds, and mutual funds. Its clients can trade securities listed on the SET, Nasdaq, NYSE, AMEX, ARCA, and BATS (Cboe Holdings). Among available derivatives are futures, put and call options on the SET50 index, and futures on certain stocks and gold.
Globlex Securities Key Parameters Evaluation
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Trading Account Opening
To create a user account on the Globlex Securities website, go to the section where available services are listed and find the button for remote account opening.
Prepare documents that can confirm your personal data and residence address.
Fill in the application form and attach the photos of your documents.
Upon verification of the provided information, the company sends the login and password for your user account to your email. Use these to sign into your user account.
Regulation and safety
Globlex Securities Co., Ltd, is the official name for Globlex Securities. It is a member of the Stock Exchange of Thailand. The broker is regulated by the SEC, which is a financial authority responsible for supervising the securities market. It regulates activities of the market participants, ensures compliance with the rules and regulations, protects investor interests, and supports fair and transparent market conditions.
In the U.S., the broker is regulated by the U.S. SEC and FINRA. Investments of Globlex Securities clients are protected by the SIPC that provides coverage of $500,000 per client, if the broker faces financial problems and can’t return traders’ money or securities. Yet, investors can receive only $250,000 in cash. Such insurance doesn’t protect against losses connected with investment market risks, but prevents losses of funds if the broker goes bankrupt.
Advantages
- Globlex Securities is a registered member of Thai and U.S. exchanges
- Client funds are protected by a compensation scheme
- Thai investors get direct access to U.S. markets
Disadvantages
- Regulators charge fees for every asset sale
- The only payment method is a bank transfer
- The same account is used for deposits and withdrawals
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| E-Open | $2 for a $1,000 trade | Bank fees |
Globlex Securities clients also pay income tax from selling securities.
The table below shows a comparison of average fees of Globlex Securities and popular Forex brokers.
| Broker | Average commission | Level |
|---|---|---|
|
$2 | |
|
$1 | |
|
$8.5 |
Account types
Globlex Securities doesn’t offer joint accounts, which means that investors can open accounts only in their names. Also, they can fund their accounts only from their personal bank accounts. Funds are credited only upon verification.
Account type:
Demo accounts are not available with Globlex Securities.
The broker provides the most convenient start of investment activities due to remote account opening and trading on platforms adjusted to different markets.
Deposit and Withdrawal
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Withdrawal requests may be submitted 24/7.
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Outgoing transactions can only be made with the QR code system, linked to bank transfers.
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Clients can withdraw all the funds available on their accounts that remain active without money on them.
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Withdrawals are always made in THB. If investors want to withdraw funds from their accounts opened in USD, dollars are converted into THB at the Globlex Securities internal rate.
Investment Options
Globlex Securities is a trading agent for 12 leading asset management companies. Investors can buy shares of numerous mutual funds that refer to collective investment.
Mutual funds are the investment strategy that allows investors to entrust their capital to professionals
Mutual (investment) funds accumulate money from many investors and invest it in a wide range of securities. To invest in a fund, buy its shares. Investors pay fees for fund maintenance, including expenses for portfolio management and profit allocation. Main features of mutual funds are diversification, liquidity, professional management, and availability for any investor.
Profits from mutual fund shares depend on the fund, investment period, market situation, etc. Options to earn from mutual fund shares are:
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Share value growth. If the price of assets, in which the fund invests, grows, the value of its shares also grows. If investors buy shares at a low price and their value increases, they can sell them at a higher price and earn on the difference.
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Dividends and coupons. Many mutual funds invest in securities that bring profits in the form of dividends for stocks or coupons for bonds. They are paid to investors occasionally and can bring additional income.
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Profit reinvestment. Investors can reinvest their dividends or coupons in shares of the fund and thus increase the future profit.
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Capitalization. Some mutual funds reinvest their dividends and interest to increase the total value of the fund assets. This can increase the value of all shares of the fund.
Globlex Securities clients can earn on shares by actively managing risks and choosing funds that correspond to their needs, financial goals, and investment strategy.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership programs from Globlex Securities:
The company offers a referral program for financial managers and expert investors, however, its reward conditions are not specified.
Customer support
Globlex Securities works from 08:30 to 17:00, Monday through Friday (GMT+7). That’s when you can ask for help or information on the trading conditions and available investment products.
Advantages
- Support is available by phone
- The broker’s offices are located in different regions of Thailand
Disadvantages
- Few communication channels
- No online support
Available communication channels are:
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Telephone;
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Fax;
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Email;
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Offices.
Address and phone numbers of all offices are provided in the Contact section of the broker’s website. Investors can contact any of them.
Contacts
| Registration address | Globlex Securities Co., Ltd, 87/2 CRC Tower 8th, 12th, Bangkok, Thailand |
|---|---|
| Regulation | FINRA, SEC |
| Official site | https://globlex.co.th/ |
| Contacts |
02-672-5999
|
Education
The Globlex Securities has an Education section on its website, however, there isn’t any current information. The company doesn’t provide online or offline training for novice traders.
The company doesn’t hold seminars or webinars, and doesn’t offer demo accounts for getting investment experience.
Comparison of Globlex Securities with other Brokers
| Globlex Securities | RoboForex | Pocket Option | Exness | Eightcap | Vantage Markets | |
| Trading platform |
Aspen for Browsers, eFinance Thai, Settrade, StockRadars | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | MT4, MT5, WebTrader, Mobile Apps |
| Min deposit | $100 | $10 | $5 | $10 | $100 | $50 |
| Leverage |
From 1:1 to 1:1 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 60% / 40% | 30% / 50% | No / 60% | 80% / 50% | 100% / 50% |
| Execution of orders | Exchange execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of Globlex Securities
Globlex Securities provides Thai residents with access to international securities markets through convenient mobile apps. Also, they can participate in trading on the local stock exchange through various online platforms. The broker offers a wide range of trading assets, including fixed-income instruments (bonds), which allows traders to diversify their investment portfolios and to mitigate the overall risk. Due to 2FA, personal data and transactions of Globlex Securities clients are securely protected.
Globlex Securities by the numbers:
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The company was incorporated over 22 years ago;
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14 offices are located in cities throughout Thailand;
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The broker’s clients can invest in over 5,000 securities of the U.S. market.
Globlex Securities is a broker that significantly expands investment opportunities for Thai residents
Globlex Securities provides investment in ADR that are certificates issued by American banks and that provide a certain number of shares of a foreign company. These receipts are traded on U.S. stock exchanges and allow Thai investors to invest in foreign companies without having to buy their shares directly on U.S. stock exchanges.
Also, the broker provides securities borrowing and lending (SBL) services that allow investors to temporarily borrow securities from another investor or financial intermediary to sell them on the market. Globlex Securities acts as an agent and performs certain actions that include searching securities for borrowing, organizing trades, and providing information and reports.
Useful services offered by Globlex Securities:
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Daily market reports. Every morning and afternoon, the company posts important data and forecasts for the stock market. They are also broadcast online on Globlex Securities’ Facebook page.
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Stock market news. Investors get access to newsfeeds released by the companies listed on the SET and by specialized information and financial agencies.
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Securities calendar. This tool provides information on different events and dates connected to stocks and other financial instruments. This calendar provides dates of dividend payments, new securities issues, reports, general meetings of shareholders, etc.
Advantages:
Deep market analysis;
Trading underlying and derivative financial instruments;
Online investment account opening;
Protection for client personal data and funds;
Wide network of representative offices;
No ban on day securities trading.
Globlex Securities provides specialized services to Thai residents that can be unavailable with other local brokers.
User Satisfaction