Quotex vs GlobeX360 - Fees Review included
Which broker is better Quotex or GlobeX360? Our expert assessment conducted according to TU’s own methodology showed that Quotex is one of the top brokers in the financial market with the TU Overall Score of 7.76 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 | Quotex | GlobeX360 |
|---|---|---|
Overall |
2.8 |
1.7 |
1 |
1.5 |
|
3.3 |
1.6 |
|
3.1 |
2.1 |
|
Investment Instruments |
1 |
1.9 |
Platforms and Charting Tools |
3.9 |
1.4 |
Deposit and Withdrawal |
4.6 |
2 |
Research |
1.5 |
1.6 |
Education |
2.3 |
1.9 |
Support |
3.0 |
1.5 |
Bonuses |
3.8 |
2.2 |
|
|
Quotex vs GlobeX360: Pros and Cons
QUOTEX is a broker specializing in binary options trading. The company was established in 2019. Its clients can trade currencies, metals, oil, cryptocurrencies, stock indices and earn a profit of up to 90% of the value of the option. QUOTEX has developed a proprietary trading platform which is easily customized, supports 29 technical indicators and allows investments from USD 10. The broker’s team provides support 24/7. Personal and payment information of the clients are protected with two-factor authentication
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.
| Quotex | GlobeX360 | |
|---|---|---|
| Overall Pros | Affordable minimum investment amount – USD 10 | There is a wide range of currency pairs and CFDs to trade. |
| No trading fees and no deposit, withdrawal and account fees | It is regulated by South Africa’s supervisory authority. | |
| Algorithmic trading is technically impossible | 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 | No Regulatory License | High spreads on all trading account types. |
| No negative balance protection. | ||
| The broker does not work with residents of the USA, Belgium, or Canada. |
Quotex vs GlobeX360: Safety and Regulation
| Regulated By: | Quotex | GlobeX360 |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
FSCA |
Quotex vs GlobeX360: Trading Conditions
| Trading Conditions | Quotex | GlobeX360 |
|---|---|---|
Minimum Deposit |
$10 |
$100 |
Trading Platforms |
Own platform |
MetaTrader 4 (desktop, mobile) |
Max Leverage (Futures) |
Not provided technically |
1-500 |
Supported Markets |
Currencies, raw materials, stocks |
Currency pairs, CFDs on indices, commodities, cryptocurrencies, stocks |
Trading assets |
80+ |
98+ |
Trading Accounts |
Single account for binary options trading |
Demo, Standard, Professional, Islamic |
Base Account Currencies |
USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, MXN, EGP |
USD, EUR, GBP, ZAR, KWD |
Quotex vs GlobeX360: Fees
Forex Trading Fees
| Fee | Quotex | GlobeX360 |
|---|---|---|
Standard Account EURUSD Average Spread |
The reward depends on the type of asset and the situation at the time of the transaction. The amount of remuneration - 15-90% of the investment amount |
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 | Quotex | GlobeX360 |
|---|---|---|
CFD Trading Fee |
Reward - 15-90% |
Floating spread |
Non-Trading Fees
| Fee | Quotex | GlobeX360 |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
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.
Quotex vs GlobeX360: Trading Assets
| Asset Name | Quotex | GlobeX360 |
|---|---|---|
Overall |
80+ |
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 |
Quotex or GlobeX360: Investment Programs
| Asset Name | Quotex | GlobeX360 |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
Algorithmic trading |
Trading Platforms: GlobeX360 or Quotex
| Quotex | GlobeX360 | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
Own trading platform |
No |
|
|
Quotex vs GlobeX360: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Quotex | GlobeX360 |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
No |
Quotex vs GlobeX360: Research
| Research Type | Quotex | GlobeX360 |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Quotex vs GlobeX360: Education
| Education Type | Quotex | GlobeX360 |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
No |
Articles |
No |
Yes |
Videos |
No |
No |
Cent account |
No |
No |
GlobeX360 vs Quotex: Support
| Support Features | Quotex | GlobeX360 |
|---|---|---|
Working Days |
24/7 |
8/5 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
No |
Other |
Feedback form |
WhatsApp, callback |
Quotex vs GlobeX360: Forex Bonuses and Promo
| Promo | Quotex | GlobeX360 |
|---|---|---|
Forex Bonus |
Welcome bonus 30% when opening a real account. Cashback, bonus for using "deal cancellation" |
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. Payouts up to 80% of income or up to 7% of referral turnover |
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 Quotex
-
Comment
I've been using Quotex for a while now and I'm comfortable with the platform. It's user-friendly and intuitive, which makes the registration process easy. The variety of assets available for trading is exciting, and trading operations have been smooth. I highly recommend it to anyone looking for a reliable app. Deposits and withdrawals are fast and trouble-free, which reassures me that I can easily deposit funds and withdraw profits quickly.
-
Comment
After a year with Quotex, I think it's a decent platform. I mainly trade EUR/USD and EUR/GBP through mt4, and the charts match up perfectly with Quotex's platform, no choppiness or unpredictability issues, unlike other brokers. Also, there's no sketchy stuff going on from what I can tell. You just need to put in the work studying the markets. My process is analyzing on mt4, then quickly executing trades on Quotex. So far my win rate is over 80%. I always test new strategies on the demo account first before going live. I started with just $100 and have grown it to $506 by actually understanding the fundamentals instead of blindly following indicators. While trading always carries risk, Quotex seems legit based on how it matches pricing across platforms.
-
Comment
Quotex is so far the fastest binary broker to navigate through and load, lightest and most convenient with deposits and withdrawals as it offers a wide number of payment options which makes it easy to use from any country in the world as per my experience from a couple of months using it. Quotex also has the fastest withdrawals as per my experience. It has a good looking interface too which doesn't bore or cause eye straining to the user, so you can stay before your screen for a very long time without disturbance. With Quotex, you can trade anywhere since it is very compatible with smartphones. Anyone who trades wisely (with patience, analysis and with no greed) is very more likely to grow financially. Hence I rate Quotex 5 stars!
-
Comment
Quotex platform is user friendly, easy to trade, simple view with Options quite clear for better understanding for beginners as well. Almost all the valuable currency pairs are available with commodities. Even the indicators sections have a variety of options. One of the best things I have found is deposits and withdrawals are fast.
-
Comment
Quotex trading platform simple to navigate. Itis not crowded like other trading platforms and you quickly identify any function you need. There are no additional modules or any obstruction to my trading. Quotex is easy to trade with, you can easily switch from your demo account to your live a account with single click. This one-click switch is helpful as i can easily test a trading strategy on a demo account transfer over to my real account to carry out the trade asap.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!