FXGLOBE-Overview Guide of This Broker

FXGlobe Information

Founded in 2009 and headquartered in Vanuatu, FXGlobe is regulated by CySEC and holds an offshore regulatory license from the VFSC. The platform offers a wide range of trading options in forex, commodities, indices and stocks, using MT4 trading software with a minimum deposit of 500 euros. Advantages include low spreads (as low as 0.1 pips), no SWAPs, and a wide range of account types, however, the high minimum deposit may be inconvenient for traders with small budgets.

Pros and Cons

Is FXGlobe Legit?

FXGlobe is regulated by CySEC and VFSC (Offshore Supervision) under license numbers 205/13 and 700227.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	Cyprus Securities and Exchange Commission (CySEC)	Regulated	FXGlobe Ltd	Straight Through Processing (STP)	205/13
	Vanuatu Financial Services Commission (VFSC)	Offshore Regulated	FS International Limited	Retail Forex License	700227
	Financial Conduct Authority (FCA)	Unsubscribed	FXGlobe Ltd	European Authorized Representative (EEA)	611742
	Financial Sector Conduct Authority (FSCA)	Unverified	APLFX (PTY) LTD	Financial Service Corporate	52045

What Can I Trade on FXGlobe?

FXGlobe offers a diverse range of tradable products, including Forex, Commodities, Indices, and Shares, to meet the trading needs of different investors.

Account Types

FXGlobe offers demo accounts for traders to practice trading without real money.

Besides, it also offers 3 types of live trading accounts: Pathfinder, Navigator, and Infinity.

Fees

Spread: FXGlobe's spreads start from 0.1 pips and vary for different assets, such as EUR/USD (0.4 pips) and GBP/USD (0.7 pips).

Commission: Zero commission for Pathfinder and Navigator accounts. Infinity accounts are charged per lot ($7 per lot).

Swap: There are no swap fees on FXGlobe accounts.

Trading Platform

FXGlobe supports trading through the platform. MT4 is the market-leading and popular platform with powerful trading features.

Deposit and Withdrawal

FXGlobe accepts the following payment methods: Visa, Mastercard, Maestro, SEPA, Swift, Neteller, and Skrill.

Deposit: Deposits to FXGlobe are usually processed instantly; deposits via SEPA and Swift take 1-4 business days to process.

Withdrawal: FXGlobe withdrawals via bank wire transfers and credit/debit cards take 1-5 business days to process. Withdrawals via Neteller and Skrill are generally processed on the same day.

Note:

FXGlobe does not accept third-party payments. Funds deposited to the trading account by the trader need to come from a bank account or credit card in the trader's name.

The first time a trader funds his/her account, he/she must deposit at least 500 EUR or its equivalent.

A 3% handling fee will be charged for deposits that are not traded or withdrawn. If a trader deposits an equal or greater amount of funds after a withdrawal, FXGlobe will refund the commission charged.