Indexglobals

Note: For some unknown reason, we cannot open Indexglobals official site (https://indexglobals.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

Indexglobals, a trading name of Index Financial Services Ltd, is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:300 and floating spreads from 3 pips on the web-based trading platform, as well as a choice of four different live account types.

As for regulation, it has been verified that Indexglobals does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.10/10. Please be aware of the risk.

Market Instruments

Indexglobals advertises that it offers access to a wide range of trading instruments in financial markets, including forex currency pairs, commodities, indices and stocks.

Account Types

Indexglobals claims to offer four types of live trading accounts, namely Basic, Standard, Silver and Gold. The minimum initial deposit amount is €250 for the Basic account, while the other three account types have much higher minimum initial capital requirements of €2,500, €10,000 and €50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Basic account can experience leverage of 1:100, while the Standard, Silver and Gold accounts have everage of 1:150, 1:200 and 1:300 separately. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

Indexglobals claims that the EUR/USD spread is 3 pips.

Trading Platform Available

The platform available for trading at Indexglobals is web-based. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Indexglobals says that the client can deposit by means of credit/debit cards and wire transfers. The minimum initial deposit requirement is said to be €250, while there is no mention of what the minimum withdrawal amount is. As for the processing time of withdrawal requests, it usually takes up to 2 working days.

Bonuses

Indexglobals claims to offer the bonus, however, every bonus dollar can only be withdrawn when a minimum trading volume of 20,000 is executed. In any case, you should be very cautious if you receive a bonus. First of all, 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. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.

Customer Support

Indexglobals customer support can be reached by telephone: +442035369402, email: support@indexglobals.com. Company address: Unit 13, Index House, Gateway Mews, Bounds Green, London, N11 2UT, UNITED KINGDOM; 3rd Floor 201 Haverstock Hill, London, Greater London, NW3 4QG, United Kingdom.

Risk Warning

Online trading involves a significant level of 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.