MTrading vs GlobeX360 - Fees Review included
Which broker is better MTrading or GlobeX360? Our expert assessment conducted according to TU’s own methodology showed that MTrading is one of the top brokers in the financial market with the TU Overall Score of 2.99 out of 10. GlobeX360 is one of the top brokers in the financial market with the TU Overall Score of 4.49 out of 10. Find out more about TU Overall Score.
| Feature | MTrading | GlobeX360 |
|---|---|---|
Overall |
3.5 |
1.7 |
1 |
1.5 |
|
3.8 |
1.6 |
|
3.6 |
2.1 |
|
Investment Instruments |
3.5 |
1.9 |
Platforms and Charting Tools |
3.6 |
1.4 |
Deposit and Withdrawal |
4 |
2 |
Research |
3.5 |
1.6 |
Education |
3.5 |
1.9 |
Support |
4.1 |
1.5 |
Bonuses |
4.2 |
2.2 |
|
|
MTrading vs GlobeX360: Pros and Cons
“MTrading” broker is the company that presents its brokerage services in the field of online-trading, giving a possibility to deal with currencies, precious metals, securities, etc. “MTrading” company offers to use up-to-date and advanced software, which will allow you to carry out an efficient trading on the financial markets regardless of your experience.
GlobeX360 is a broker established in 2017 that focuses on traders from the African continent. It is a provider of online trading services for Forex and CFDs on stocks, indices, cryptocurrencies, and commodities. GlobeX360 is registered with the Companies and Intellectual Property Commission (CIPC) and is regulated by the South African Financial Sector Conduct Authority (FSCA). In 2020, International Business Magazine was named Fastest Growing Forex Broker and Most Innovative Broker.
| MTrading | GlobeX360 | |
|---|---|---|
| Overall Pros | Low minimum deposit requirements | There is a wide range of currency pairs and CFDs to trade. |
| Demo account is free and available | It is regulated by South Africa’s supervisory authority. | |
| Copy trading avaible | It has an average minimum deposit on Standard accounts. | |
| It keeps clients’ funds in segregated bank accounts. | ||
| Investment offerings: You can connect to the MAM service, copy trading signals from MQL5.com, use Expert Advisors for automated trading. | ||
| It provides clients with access to free services with useful market information and analytics, including from TradingView. | ||
| It offers free online courses and training webinars from professional traders. | ||
| Overall Cons | Not regulated | High spreads on all trading account types. |
| No cent accounts | No negative balance protection. | |
| The broker does not work with residents of the USA, Belgium, or Canada. |
MTrading vs GlobeX360: Safety and Regulation
| Regulated By: | MTrading | GlobeX360 |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
FSCA |
MTrading vs GlobeX360: Trading Conditions
| Trading Conditions | MTrading | GlobeX360 |
|---|---|---|
Minimum Deposit |
$1 |
$100 |
Trading Platforms |
MetaTrader 4, MT4 Multiterminal, MT4 Supreme Edition, MT4 Web Trader |
MetaTrader 4 (desktop, mobile) |
Max Leverage (Futures) |
1-1000 |
1-500 |
Supported Markets |
Forex, Stocks, Commodities, Indices |
Currency pairs, CFDs on indices, commodities, cryptocurrencies, stocks |
Trading assets |
100+ |
98+ |
Trading Accounts |
Demo, M.Premium, M.Pro |
Demo, Standard, Professional, Islamic |
Base Account Currencies |
EUR, USD, RUB |
USD, EUR, GBP, ZAR, KWD |
MTrading vs GlobeX360: Fees
Forex Trading Fees
| Fee | MTrading | GlobeX360 |
|---|---|---|
Standard Account EURUSD Average Spread |
1.2 pips |
1.6 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | MTrading | GlobeX360 |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | MTrading | GlobeX360 |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Visa/Mastercard - 1,5%; Perfect Money - 1%; Wire transfer/Skrill/Neteller - 0% |
No |
Withdrawal Fee |
Visa/Mastercard - 1,5%; Perfect Money - 1%; Wire transfer - 0%; Skrill/Neteller - 3% |
Applied on the payment systems side |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
MTrading vs GlobeX360: Trading Assets
| Asset Name | MTrading | GlobeX360 |
|---|---|---|
Overall |
100+ |
98+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
MTrading or GlobeX360: Investment Programs
| Asset Name | MTrading | GlobeX360 |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
Yes |
Managed Accounts |
No |
No |
Other |
No |
Algorithmic trading |
Trading Platforms: GlobeX360 or MTrading
| MTrading | GlobeX360 | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
MTrading vs GlobeX360: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | MTrading | GlobeX360 |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
MTrading vs GlobeX360: Research
| Research Type | MTrading | GlobeX360 |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
No |
MTrading vs GlobeX360: Education
| Education Type | MTrading | GlobeX360 |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
No |
No |
Cent account |
No |
No |
GlobeX360 vs MTrading: Support
| Support Features | MTrading | GlobeX360 |
|---|---|---|
Working Days |
24/7 |
8/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
No |
Other |
No |
WhatsApp, callback |
MTrading vs GlobeX360: Forex Bonuses and Promo
| Promo | MTrading | GlobeX360 |
|---|---|---|
Forex Bonus |
Welcome Bonus 30$, Deposit Bonus up to 200%. |
The company draws 50,000 South African rand between clients every three months, but the exact timing of the bonus offer is not listed on the broker’s website; |
Affiliate Program |
Yes |
Business Referrers (BR) and the IB (Introducing Brokers) programs are for companies and individuals who can attract new customers to GlobeX360. The partner receives a commission for each transaction closed by the referral - up to $7 per lot. According to the company, currently, the most active BRs earn more than $30,000 per month. |
Other Promos |
||
|
|
Top 5 Reviews on GlobeX360
-
Comment
I am a novice trader and GlobeX360 seems to be a good option, because there are no high requirements for the minimum deposit and you can open orders with minimum volumes. But the situation with educational materials at GlobeX360 is very poor. There are some trading strategies, but they have long been outdated.
-
Comment
First, I’ll say that Globex 360 successfully withdraws profits and deposits, provided that traders have successfully passed verification. However, there are some nuances with its trading platform. Slippages occur from time to time and cases of platform freezing have been observed. But in general, despite these shortcomings, Globex 360 has every reason to be rated good.
-
Comment
I do not recommend working with Globex360. It calls itself a Forex broker, but in reality it will just take your money. How did this happen to me? I decided to start investing and made the mistake of opening an account with GlobeX360. Due to glitches on the platform I was unable to earn anything. My $1,700 remained there.
-
Comment
And what positive aspect is there because the company GlobeX360 is located in South Africa and has a license from the local regulator? This license is of no use to me. GlobeX360 has not been withdrawing my profit of $1500 for almost a month now. I hoped the broker was reputable and honest. But it turns out they can deceive clients when they claim that fund withdrawals are very fast.
-
Comment
It looks like I will have to leave GlobeX360. I opened an account with this company five months ago. Everything was fine on the demo account. The platform worked well and trades were opened quickly. But as soon as I switched to a live account, a lot changed. Now orders can take two minutes to open, although on the demo account it was very fast. I thought it would be better later. But the GlobeX360 platform constantly has problems.
Top 5 Reviews on MTrading
-
Comment
Without a doubt, MTrading is reliable. I opened an account there a long time ago and during all this time there was no reason to change the broker. The main thing is that I have withdrawn my profits more than once to different payment systems; depending on the system, withdrawals take from two hours to two days. There are no special complaints regarding trading. There are, however, gaps and slippages. Well, where would we be without them? But I didn’t notice any manipulations on the part of MTrading.
-
Comment
MTrading is one of the oldest brokers and it has a high rating on various platforms. Therefore, many people leave positive reviews of this company. What I personally want to say about MTrading is that its conditions are the same as with others, reliability is also an important aspect for work. I am satisfied with the withdrawal process, because all funds are withdrawn on time and in full.
-
Comment
I tried trading with MTrading twice. The first time, I lost money, but I assumed it was due to my mistakes. However, when I tried trading here again a year later, I realized that the issue was not with me but with the company. The MTrading platform is very slow, making it impossible to open trades quickly. Moreover, the gaps that appear every day can wipe out all trades.
-
Comment
Collaborating with MTrading has caused significant issues. I don't believe this company is focused on providing quality brokerage services. After transferring my funds here, the platform stopped working altogether after three months of trading. I waited for another two months, wrote emails to MTrading's support, but there was no result. Now I've received a message that MTrading has fixed the platform, and trading is possible again. However, I no longer wish to deal with this broker.
-
Comment
Mtrading isn’t licensed by any regulator. Therefore, no one can give you a guarantee that there will be no problems with trading and finance. And there are a lot of problems. I opened an account with Mtrading three months ago and have already lost $250. The broker's trading platform works very slowly and Internet connection often disappears. Therefore, it is impossible to trade profitably. And since the company does not have a regulator, there is no one to complain to.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.