Brief Look at GlobeX360
GlobeX360 brokerage firm, also known as 360Capital Ltd, officially ceased operations in September 2024, transferring its client base of 189,000 accounts to QuickTrade.World. The deal was finalized on September 9, 2024, between Paul Venter, representing GlobeX360, and Hardus Van Pletsen, CEO of QuickTrade.World.
As stated in a notification on the QuickTrade.World website, all GlobeX360 clients have since been migrated from the MetaTrader 4 platform to MetaTrader 5, with their funds moved to QuickTrade.World’s segregated client accounts in Botswana. GlobeX360 will continue to operate as an Introducing Broker (IB), supporting clients throughout the transition.
The official reasons for GlobeX360's closure remain undisclosed. However, the company had faced prior allegations regarding payment delays and the unexplained withholding of client funds. In 2020, more than 67 clients submitted a petition to the FSCA (Financial Sector Conduct Authority), seeking the return of over 8 million rand. Reports also surfaced concerning potential license cloning and a lack of legitimate regulation.
Following the client base transfer, QuickTrade.World offered users an updated MetaTrader 5 platform and promised a smooth, delay-free transition.
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