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
- VFSC
- FSCA
- 2008
Our Evaluation of FXGlobe
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
FXGlobe is a moderate-risk broker with the TU Overall Score of 5.74 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FXGlobe clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Brief Look at FXGlobe
FXGlobe is among leading brokerage companies in the Forex market. FS International Limited is a Company registered in the Republic of Vanuatu with Registration Number 700227 and authorized by the Vanuatu Financial Services Commission (VFSC). The company is proud to have customers of all levels worldwide. APLFX (PTY) LTD is a limited liability company registered in South Africa with registration number 2021/804619/07 and authorised by the Financial Services Conduct Authority (FSCA) as a Financial Services Provider (FSP), No. 52045, according to Section 8 of the FAIS Act. FXGlobe gives access to the CFDs marketplace allowing customers to take advantage of the latest technologies for effective trades.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
TU Expert Advice
Author, Financial Expert at Traders Union
FXGlobe provides an array of trading instruments, encompassing Forex, commodities, indices, and stocks, available through MT4 and MT5 platforms. The broker offers three account types: Pathfinder, Navigator, and Infinity, with a minimum deposit of EUR 250. Users can benefit from leverage up to 1:500 and tight spreads starting at 0.3 pips for EUR/USD. FXGlobe facilitates various deposit and withdrawal methods, including cryptocurrencies, without deposit fees and offers negative balance protection.
However, traders face some disadvantages with FXGlobe, such as above-average Forex trading fees and the lack of ETFs and crypto trading options. The company is regulated by VFSC and FSCA, yet lacks Tier-1 regulation, which may concern safety-focused traders. Thus, FXGlobe may be more suitable for experienced traders familiar with non-Tier-1 regulated environments, while cautious traders seeking extensive asset variety and regulatory oversight may consider alternatives.
FXGlobe Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
💻 Trading platform: | MT4, Web, Mobile, MT5 |
---|---|
📊 Accounts: | Pathfinder, Navigator, Infinity |
💰 Account currency: | EUR / USD / GBP |
💵 Deposit / Withdrawal: | Credit/Debit Card, Neteller, Skrill, SupremCash (PIX, TED) Wire Transfer (SWIFT/SEPA), Zotapay, BlockChain etc |
🚀 Minimum deposit: | 250 EUR |
⚖️ Leverage: | 1:500 |
💼 PAMM-accounts: | Yes |
📈️ Min Order: | 0.01 |
💱 EUR/USD spread: | 0,3 pips |
🔧 Instruments: | CFDS on Forex, Commodities, Indices, Shares, Cryptos |
💹 Margin Call / Stop Out: | 100/25% |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Mobile Platforms |
➕ Affiliate program: | Yes |
📋 Order execution: | Market execution |
⭐ Trading features: | Yes |
🎁 Contests and bonuses: | NO |
FXGlobe Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Regulation and safety
FXGlobe has a safety score of 7/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 17 years
- Not tier-1 regulated
FXGlobe Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
![]() |
Vanuatu Financial Services Commission | Vanuatu | No specific fund | Tier-3 |
|
Financial Sector Conduct Authority of South Africa | South Africa | No specific fund | Tier-2 |
FXGlobe Security Factors
Foundation date | 2008 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker FXGlobe have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FXGlobe with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FXGlobe’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FXGlobe Standard spreads
FXGlobe | Pepperstone | OANDA | |
EUR/USD min, pips | 0,7 | 0,5 | 0,1 |
EUR/USD max, pips | 1,2 | 1,5 | 0,5 |
GPB/USD min, pips | 0,9 | 0,4 | 0,1 |
GPB/USD max, pips | 1,4 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FXGlobe RAW/ECN spreads
FXGlobe | Pepperstone | OANDA | |
Commission ($ per lot) | 3,5 | 3 | 3,5 |
EUR/USD avg spread | 0,3 | 0,1 | 0,15 |
GBP/USD avg spread | 0,3 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FXGlobe. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FXGlobe Non-Trading Fees
FXGlobe | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 3 | 0 | 0 |
Withdrawal fee, USD | 0-25 | 0 | 0-15 |
Inactivity fee ($, per month) | 0 | 0 | 0 |
Deposit and withdrawal
FXGlobe received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FXGlobe provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bitcoin (BTC) accepted
- Bank wire transfers available
- Supports 5+ base account currencies
- USDT (Tether) supported
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
What are FXGlobe deposit and withdrawal options?
FXGlobe provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
FXGlobe Deposit and Withdrawal Methods vs Competitors
FXGlobe | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | No | Yes | Yes |
Wise | No | No | No |
BTC | Yes | No | No |
What are FXGlobe base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. FXGlobe supports the following base account currencies:
What are FXGlobe's minimum deposit and withdrawal amounts?
The minimum deposit on FXGlobe is $250, while the minimum withdrawal amount is $25. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FXGlobe’s support team.
Markets and tradable assets
FXGlobe offers a limited selection of trading assets compared to the market average. The platform supports 60 assets in total, including 50 Forex pairs.
- 50 supported currency pairs
- Indices trading
- Copy trading platform
- Bonds not available
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by FXGlobe with its competitors, making it easier for you to find the perfect fit.
FXGlobe | Plus500 | Pepperstone | |
Currency pairs | 50 | 60 | 90 |
Total tradable assets | 60 | 2800 | 1200 |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | No | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | No | Yes | No |
Investment options
We also explored the trading assets and products FXGlobe offers for beginner traders and investors who prefer not to engage in active trading.
FXGlobe | Plus500 | Pepperstone | |
Bonds | No | No | No |
ETFs | No | Yes | Yes |
Copy trading | Yes | No | Yes |
PAMM investing | Yes | No | Yes |
Managed accounts | No | No | No |
Contacts
Foundation date | 2008 |
---|---|
Registration address | -Law Partners House, Kumul Highway, Port Vila, Vanuatu -First Floor, Kildare Centre Cnr of Kildare Road and Main Street Newlands, Cape Town, 7700 South Africa. |
Regulation |
VFSC, FSCA
Licence number: 700227, 52045 |
Official site | fxglobe.com |
Contacts |
+44-2045427667
|
Comparison of FXGlobe with other Brokers
FXGlobe | Eightcap | XM Group | RoboForex | Markets4you | Octa | |
Trading platform |
MT4, WebTrader, MobileTrading, MT5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MobileTrading, MT5 | MetaTrader4, MetaTrader5, OctaTrader |
Min deposit | $250 | $100 | $5 | $10 | No | $25 |
Leverage |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:10 to 1:4000 |
From 1:40 to 1:1000 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | 10.00% | No | No |
Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0.1 points | From 0.6 points |
Level of margin call / stop out |
100% / 25% | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 20% | 25% / 15% |
Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | No | No | Yes | Yes | No |
Latest FXGlobe News
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i