FXGlobe Forex Review

Read our full FXGlobe review to get exact details about their safety, accounts, spreads, platforms, assets, support, and much more. Our unbiased FXGlobe opinion allows our readers to decide whether FXGlobe is a reliable broker.

FXGlobe Forex Broker History

FXGlobe has been around since 2019, making it a very experienced brokerage company. It offers a diverse set of trading accounts, access to multiple assets, and advanced trading software. The broker is regulated and offers many educational resources. However, we have found some drawbacks which we will cover in more detail below. The website is heavy and sometimes laggy, but overall provides a satisfactory experience. It is not mobile-friendly, which is a downside for the broker.

FXGlobe broker safety

Safety is paramount in online financial trading. FXGlobe is based offshore in Vanuatu and is overseen there by the local authority, which is the Vanuatu Financial Services Commission (VFSC). The broker operates via several entities, and the entities under Vanuatu regulations are FXGlobe International and FS International Limited. There is another entity, APLFX (PTY) LTD, which is overseen by the FSCA of South Africa. Being authorised by the FSCA as a Financial Services Provider (FSP) confirms it is legally allowed to offer financial services, including brokerage, under South African law.

FXGlobe employs segregated bank accounts to keep trader funds on separate accounts from its operational money, which is an important safety policy.

The broker also provides negative balance protection, preventing traders from losing more than their initial investment.

FXGlobe Broker Review of Accounts

FXGlobe trading accounts are really diverse and include Pathfinder, Navigator, Infinity, and Summit options. Each of the accounts has its own pros and cons, and we are going to list their main specs below.

FXGlobe Pathfinder Account is an entry-level training account for general trading purposes and has the following conditions:

• Minimum deposit – 250 USD/GBP/EUR
• Maximum leverage – 1:500
• Spreads – Unknown
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

FXGlobe Navigator Account is one step ahead, but mostly offers similar conditions, while the minimum deposit is higher. Here are its main conditions:

• Minimum deposit – 2,500 USD/GBP/EUR
• Maximum leverage – 1:500
• Spreads – Unknown
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

FXGlobe Infinity Account has the following specs:

• Minimum deposit – 25,000 USD/EUR/GBP
• Maximum leverage – 1:500
• Spreads – From 0.01 pips
• Commissions – 7 USD per Lot
• Minimum lot size – 0.01 lots

FXGlobe Summit Account offers the following:

• Minimum deposit – 75,000 USD/EUR/GBP
• Maximum leverage – 1:500
• Spreads – From 0.0 pips
• Commissions – 4 USD per Lot
• Minimum lot size – 0.01 lots

As we can see, the broker is not very attractive with its high minimum deposit requirements and unknown spreads on standard accounts. Many alternatives are well-regulated and offer low spreads for much lower minimum deposits.

FXGlobe instruments

FXGlobe trading assets include popular instruments in FX pairs, commodities, indices, stocks, and futures. There are no digital currencies, which is very disappointing as cryptos are super popular among retail investors. The availability of futures and shares is a big advantage, and makes the broker attractive for multi-asset traders. With a leverage of 1:500, traders can control large trading positions on a budget.

FXGlobe Reviews of Trading Platforms

FXGlobe trading platforms include advanced software like BlackArrow by Nelogica, MetaTrader 4, and MetaTrader 5. All these platforms enable traders to deploy custom indicators and EAs, and the broker does not prohibit traders from deploying those tools. Mobile trading is available via these platforms in mobile form, available on both iOS and Android, which makes trading convenient. However, the drawbacks with min deposits and spreads make this broker still uncompetitive.

FXGlobe Forex Review of Extra Features

For extra features, educational resources are available. The abundance of learning materials can not be denied at FXGlobe as the broker offers webinars, masterclass courses, a trading blog, and a trader glossary. Webinars are especially useful for traders to gain knowledge from zero and become knowledgeable about trading. There are also books provided, and when coupled with courses and a glossary, traders can understand every term and slang of trading.

There are no bonuses available, like welcome bonuses and deposit bonuses, and the broker does not provide market analysis tools either, which is a considerable drawback.

FXGlobe Reviews of Customer Support

Customer support experience at FXGlobe is provided via live chat, email, and phone support channels. The live chat is an advanced plugin built directly into the website, and traders can use it to also access email and phone support numbers. This is very flexible, and when coupled with the broker’s offering of multiple languages, we get a multilingual broker with an excellent support experience.

FXGlobe Deposit and Withdrawal

Deposits and withdrawals are an integral part of trading. FXGlobe accepts many popular payment options such as wire transfers, bank cards (Visa and MasterCard), eWallets (Skrill, Neteller, etc.), and crypto (Blockchain.com). Both deposits and withdrawals are fee-free for most of the methods, but wire transfers are both lengthy and costly. Withdrawals via eWallets require no fees and are processed within the same working day, while other methods require 1-5 business days.

FXGlobe Review Conclusion – Can you trust FXGlobe?

FXGlobe is a regulated offshore FX and CFDs broker with multiple platforms (MT4, MT5, BlackArrow) and diverse account types. It offers high leverage and strong education tools. However, high minimum deposits, unclear spreads for basic account types, and a lack of crypto assets make it less attractive for retail traders.

FAQs on FXGlobe

Is FXGlobe a scam?

The FXGlobe scam is highly unlikely, as the broker is regulated by two separate authorities. However, the information is not easily available regarding spreads on standard accounts, and traders should be cautious.

What is the FXGlobe minimum deposit?

The minimum deposit at FXGlobe starts from 250 USD on the Pathfinder account, which is higher than the competition.

Is FXGlobe a cheap broker?

Not really — while it offers zero commissions on basic accounts, high deposits, and unclear spreads make it less affordable than its competitors.