Home -
-
Main body -

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

Globex360-Some Important Points about This Broker

WikiFX | 2021-04-27 16:21

Abstract:Founded in 2017, Globex360 is an online trading services provider based in South Africa. Globex360 is an authorized financial services provider registered and regulated under the Financial Sector Conduct Authority (FSCA) in South Africa. However, the FSCA license is currently exceeded.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Registered Country/Region South Africa
Found 2017
Regulation unregulated
Market Instrument forex, commodities, equities, and indices
Account Type Standard, Premium, Premium+, Private Wealth
Demo Account N/A
Maximum Leverage 1:300
Spread (EUR/USD) 0.2 pips
Commission N/A
Trading Platform MT4
Minimum Deposit $20
Deposit & Withdrawal Method Paygate, Visa, and MasterCard

Founded in 2017, Globex360 is an online trading services provider based in South Africa. Globex360 is an authorized financial services provider registered and regulated under the Financial Sector Conduct Authority (FSCA) in South Africa. However, the FSCA license is currently exceeded.

Here is the home page of this brokers official site:

home page
General Information & Regulation

Note: The screenshot date is January 19, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

FSCA license

Market Instruments

Globex360 provides investors with a wide range of financial trading instruments, including forex, commodities, equities, and indices in the Forex market.

Market Instruments

Account Types

There are 4 types of accounts on the Globex360 platform: Standard (minimum opening amount of $20), Premium (minimum opening amount of $100), Premium+ (minimum opening amount of $1,000), and Private Wealth (minimum opening amount of $5,000). Overall, the initial deposit required by this broker sounds affordable for most regular traders. The broker also offers Islamic accounts.

Account Types

Leverage

The maximum trading leverage offered by Globex360 is up to 1:300. The trading leverage offered by this broker is considered high, and inexperienced traders are not advised to use a high leverage level.

Spreads

All spreads with Globex360 are a floating type and scaled with the accounts offered. Specifically, the spread starts from 1.4 pips on the Standard, Premium, and Premium+ accounts, while only the Private Wealth account can enjoy raw spreads.

The spreads on the Globex360 platform are 0.2 pips for EURUSD, 0.1 pips for GBPUSD, 0.09 pips for XAUUSD, 2 pips for US30, 0.03 pips for Brent Oil, and 0.34 pips for Corn.

Trading Platform

Globex360 offers traders MT4, MT4 desktop terminal, MT4 mobile terminal for MT4 Windows, and MT4 OS terminal. MT4 is one of the world's most popular trading platforms with automatic monitoring, advanced charting, and real-time analysis. As one of the first-ever MT4 providers, Globex360's years of experience can help traders with their trading.

Trading Tools

Whilst the MT4 platform will have more than enough compatible tools for the average retail trader, the broker does provide a few additional tools. These trading tools include trading calculators, economic calendars, and more.

Deposit & Withdrawal

From the logos shown at the foot of the home page on Globex360s official website, we found that this broker seems to accept deposits and withdrawals via Paygate, Visa, and MasterCard.

The minimum initial deposit requirement is said to be only $20. Deposits are said to be instant while withdrawals can be processed within 24 hours.

funding options

Bonuses

Globex360 claims to offer some bonuses for Premium, Premium+, and Private Wealth accounts, while no bonus on the Standard account. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.

Customer Support

Globex360 support can be contacted through email: support@globex360.co.za and telephone:+27 10 009 0512. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and WhatsApp. They do not offer live chat support which is disappointing as this can be the most convenient form of communication for many users. Company address: Ground floor, building 3 Waterford Office Park Fourways Johannesburg.

Pros & Cons

Pros Cons
• Multiple trading instruments and account types • FSCA license is exceeded
• MT4 supported • Limited funding options
• Low minimum deposit (20) • Regional restrictions

Frequently Asked Questions (FAQs)

Q 1: Is Globex360 regulated?
A 1: No. It has been verified that the FSCA license is exceeded.
Q 2: At Globex360, are there any regional restrictions for traders?
A 2: Yes. Globex360 products and services are not intended for Belgium, US and Canadian residents.
Q 3: Does Globex360 offer the industry-standard MT4 & MT5?
A 3: Yes. Globex360 supports MT4.
Q 4: What is the minimum deposit for Globex360?
A 4: The minimum initial deposit at Globex360 to open an account is only $20.
Q 5: Is Globex360 a good broker for beginners?
A 5: No. Globex360 is not a good choice for beginners. We dont advise any traders to trade with unregulated brokers.
LeverageBrokerCurrency PairDealerForex tradingForex BrokerForex Currency pairleverage in forexforex pipsforex marketcommoditiesindicesMT4

Related broker

Over-Operation
Globex360
Company name:Globex360 (PTY)LTD
Score
1.55
Website:https://www.globex360.co.za/
5-10 years | Regulated in South Africa | Financial Service Corporate | Suspicious biz area
Score
1.55

Read more

Are Trading Courses and Mentors a Fast Track or a Financial Trap?

In recent years, trading has become more popular than ever. Social media is full of people showing off their “trading lifestyle” with expensive cars, luxury holidays, and promises of easy money. Many of them claim to be mentors, investment coaches, or run online trading academies. They say they can turn beginners into full-time traders in just a few weeks. But is it true, or is it just a clever scam?

Original 2025-06-28 08:00

Using Any of These Illegal Forex Trading Apps? Stop Before It Turns into a Crisis

The Reserve Bank of India (RBI) has listed out some illegal forex apps India. Read this article to know some of those apps.

Original 2025-06-27 19:58

IC Markets Sponsors AEL Limassol, Football Club Until 2027

AEL Limassol has renewed its deal with IC Markets (EU) Ltd, who will stay as the team’s Gold Sponsor until 2027. The sponsorship deal was first announced for the 2025–2026 season, but it has now been officially extended until 2027.

Original 2025-06-27 19:03

5 Reasons to Stay Away from Core Prime Markets

The Forex market is a very unpredictable, complex, and risky place. There are many brokers that appear genuine but can steal your hard-earned money. So, staying alert is the only way to survive in this dynamic environment. Therefore, in this article, we are sharing 5 warning signs about Core Prime Markets.

Original 2025-06-27 18:59

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

WikiFX Broker

FXTM

FXTM

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
ZFX

ZFX

Regulated
Exness

Exness

Regulated
FXTM

FXTM

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
ZFX

ZFX

Regulated
Exness

Exness

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
ZFX

ZFX

Regulated
Exness

Exness

Regulated
FXTM

FXTM

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
ZFX

ZFX

Regulated
Exness

Exness

Regulated

Latest News

Stablecoins go mainstream: Why banks and credit card firms are issuing their own crypto tokens

WikiFX
2025-06-28 13:00

The Dollar Keeps Falling: How Should We View Exchange Rate Volatility?

WikiFX
2025-06-29 20:15

Are Trading Courses and Mentors a Fast Track or a Financial Trap?

WikiFX
2025-06-28 08:00

The Economy - And Its Future - In Four Charts

WikiFX
2025-06-28 18:30

At 20 years old, Reddit is defending its data and fighting AI with AI

WikiFX
2025-06-28 13:00

Debt is a growing force' influencing jobseekers' choices, career expert says. Here's how

WikiFX
2025-06-28 12:00

Gas prices are expected to fall: It's going to be the cheapest summer since 2021,' one expert says

WikiFX
2025-06-28 14:30

Use the 80-10-10' rule to know if you've found the right house, says real estate agent of 10 years

WikiFX
2025-06-28 15:00

France is betting Eutelsat can become Europe's answer to Starlink — but experts aren't convinced

WikiFX
2025-06-29 07:08

The global week ahead: A hectic half first heralds a volatile second

WikiFX
2025-06-29 07:06

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Lifesecuredtrades

Lifesecuredtrades

MJK-ahs

MJK-ahs

IFC

IFC

KoinFX Trade

KoinFX Trade

G. H. Financials

G. H. Financials

eFX markets

eFX markets

Phillip Capital

Phillip Capital

IQ Option

IQ Option

Akita

Akita

GE GROUP

GE GROUP