Does globex360 offer bonus
Order execution model: DMA (direct market access), NDD (no dealing desk), STP (straight-through processing).
Top forex bonuses
Frequently asked questions
Find our answers to the most popular questions which concerns globex360°.
DEPOSIT AND WITHDRAWALS
Deposit and withdrawals questions
How do I deposit funds to my account?
You can make a deposit inside your client area using any funding option that suits you best.
What is the minimum deposit?
The minimum deposit for all account types is $25. However, to get a VIP account, you have to reach a balance of minimum $50,000.
How do I withdraw funds from my account?
Log in to your client area and fill in the respective withdrawal form. There are no fees on withdrawals.
Do you have any charges on deposits and withdrawals?
How fast do you process my withdrawals?
We process all withdrawal requests within one working day.
How long does it take for funds to reach my bank account?
We process all withdrawal requests within 24 hours on business days. The time necessary for the funds to reach your bank account depends on your bank’s policy. Bank withdrawals can take 3-7 working days to be seen on the client’s account. Credit/debit card withdrawals can take up to 8 working days to be seen on the client’s account.
Can I withdraw via a different payment method from the one I used for depositing?
Globex 360 policy is to process withdrawals via the same method that you used to deposit. For example, if you deposited using a credit card, the card will be credited with the amount equal to the deposit amount minus fees and upon your request we can send any profits via other payment methods under your name.
Can I withdraw my money if I have open position(s)?
Yes, you can. However, at the moment of payment, your free margin must exceed the amount specified in the withdrawal instruction including all payment charges. Free margin is calculated as equity minus the necessary margin (which is required to maintain an open position).
If you do not have sufficient free margin on your trading account, we will not carry out the withdrawal request until you submit a corrected withdrawal form and/or close the open positions on your account.
TRADING CONDITIONS
Trading conditions
What are the minimum and maximum position sizes?
The minimum trade size is 0.01 lot and the maximum trade size is 50 lots. The maximum amount of orders you can open on an MT4 account is 50.
What is your order execution speed?
Our average execution speed is around 200 milliseconds.
What are your margin call/stop out levels?
Our margin call / stop out levels are – 100/30%. Your account may be subject to a margin call if your account equity falls to a level that is equal to the margin of your existing positions. For example, you have an open position of 1 lot on EURUSD. The margin to hold that position is 200 USD.
When you opened the account, you had a 400 USD equity on your account. When the position starts to move against you and your account equity falls to 200 USD, you will have a margin call. But your position will not be closed yet. When your account equity falls to 30% of the required margin, then the system starts to close your positions immediately.
Taking the above example, if you open a position with 200 USD of margin and your account equity falls to 60 USD, then the system starts to close your position. If you have several positions opened, then the system closes them starting from the one with the biggest loss.
If, while closing the positions, your account equity reaches a level of more than 30% of the required margin, all other positions will remain open.
What are the minimum and maximum account leverage you offer?
The minimum leverage is 1:100 and it is available on basic accounts. The maximum leverage is 1:400.
Are hedging and scalping allowed?
Hedging is allowed (arbitrage trading). The required margin for hedging positions on classic, ECN pro, and VIP accounts is 0. Scalping is also allowed. There are no time limitations for keeping the positions open.
What is a slippage?
Globex360 is an STP broker, which means that we just clear our clients’ trades and retranslate quotes we get from our liquidity providers. Orders in the real market are always executed at current market prices, which is why a slippage may occur in the case of a sharp movement. Please note, that during market-moving news or high volatility, the risk of slippage is higher than during normal conditions. With us, you will get both positive and negative slippages.
What is globex 360 execution model?
Order execution model: DMA (direct market access), NDD (no dealing desk), STP (straight-through processing). ECN stands for electronic communication network. NDD stands for no dealing desk. DMA stands for direct market access. STP stands for straight-through processing.
Do you offer negative balance protection/cover negative balance?
Traders who use the maximum leverage available face the risk of a negative balance.
For example: let’s assume that you have 200 USD on your account and you open 1 lot on USDJPY on friday evening, with 1:500 leverage and 200 USD margin.
On sunday night, the market opens 30 pips away from friday’s closing price in a direction against you, so your position will immediately have a loss of 30 pips x 10 USD = 300 USD loss, while you have only 200 USD on your account.
The position will be automatically closed and your account would have a negative balance of -100 USD. This situation is 100% impossible when a trader uses 1:1 leverage. The higher leverage a trader uses, the more risks they take. Please also note that a negative balance may occur due to a slippage during high volatility.
Our risk department is constantly monitoring our clients’ risk-taking and if we see that a client trades irresponsibly, then we will notify the client via e-mail and ask them to reduce risk exposure. Also, we might reduce the leverage on the client’s account.
Negative balance protection is not guaranteed. The general practice is that we cover the negative balance, but all cases are reviewed on a case-by-case basis.
Do you offer FIX API connection?
We offer FIX API connection to our large private clients and institutional clients. The minimum account balance required is 25,000$ and the minimum monthly trading volume required is 500 lots. There are no other requirements or fees. We are not offering a demo version. If a client trades 500 lots per month, then we do not charge any fees for using it. However, if a client does not reach 500 lots, then a 1,000$ fee applies.
What are the limits of setting SL, TP, and TS?
You can set stop loss and take profit orders with no limits on all account types. SL and TP orders will still be active, even if your computer is switched off. The minimum trailing stop level is 1.5 pips or 15 points. It is possible to set only 1 trailing stop per order. You need to have the MT4 platform open to keep the trailing stop active.
What are your trading hours?
FX trading is available 24 hours a day, 5 days a week. You can trade from monday 00:00 to friday 24:00 (server time, GMT + 2). For cfds, we have specific trading hours listed here.
Do you have a dealing desk?
We don’t have a dealing desk because we are an STP broker and all our procedures are automated. We have no conflict of interest with our clients as 100% of the orders are cleared with liquidity providers.
Does slippage occur in your platform?
At globex360, slippage can occur during big news announcements, depending on the market conditions and volatility. There can be both positive and negative slippage.
How many platforms are available for trading?
We offer one of the most popular and easy-to-use platforms,MT4 which is available for windows, OS X, ios and android.
What is the margin call procedure for MT4?
Negative price movement can potentially lead to a margin call and the subsequent triggering of an automated margin close-out of positions. In the event that market conditions are unfavourable to you, we will set a stop-out level to reduce your maximum loss. This means that we will set a threshold of margin value, below which positions are automatically closed. This stop-out is set at 30% of the margin. For example, based on a margin of 100, the position would be automatically closed if the net equity** reaches 30 or lower.
In a nutshell, once your account net equity drops below 100% of the initial margin required to establish the open position(s), MT4 changes colour to red to indicate that you are close to or on margin call, and once your account net equity drops below 30% of margin requirements, your open positions will get closed automatically.
(**net equity: defined as the sum of the client’s net profit and loss on an open position(s) and client’s deposited funds.)
Do you offer swap-free accounts?
Yes, we offer muslim faith traiders all our accounts with a swap-free option
INFORMATION REGARDING IB
IB program
Do you offer remuneration for introducing brokers?
We do offer an IB programme. Here is how it works:
1. Open an account in the client area. If you are an existing client, please insert your account number.
2. Agree to the terms and conditions in the client area – IB room.
3. Promote our services to potential clients who may wish to open an account and start trading with us.
4. Start receiving IB commissions.
If you want to share your IB link with your clients, then please note that the URL link contains cookies. Cookies will save your IB information. When your client completes the registration form in the client area and opens an MT4 account, then your IB code will be provided by default as main IB.
How to attach clients to my IB account?
There are two ways a client can be attached to your IB account:
1. You provide your clients with a unique IB referral link. Whenever a new client goes to our website using that link, registers his client area and opens a live account, you immediately see him being attached to your IB account.
2. We can add an existing client under your IB account upon a written request from the client.
How is the IB commission added to my account?
Whenever your client makes a trade, it will be automatically shown in your IB room with the calculated commission. The weekly IB commissions are added to your IB balance every weekend after what you can immediately withdraw them.
How can I withdraw my IB commission?
You can withdraw your IB commission anytime you want by filling in a withdrawal form inside the client area you can transfer the funds to your globex360 live account or withdraw them to your bank account, skrill, neteller or any other available payment solution.
Globex360 review
"> updated: october 26, 2020
Summary
We do not recommend globex360 for south african traders due to the high cost of trading and the numerous complaints we have received. If you are looking for a good south african forex broker we recommend blackstone futures or khwezitrade instead.
Globex360 minimum deposits start at 100 USD, but trading costs are expensive. Spreads are wide, starting at 2 pips on the basic account. A large commission per trade is also charged on all accounts, which is unusual for a broker with such wide spreads. Full spreads are not published.
In addition, while globex 360 states that withdrawals are free, we have received multiple claims that deposits do not reflect to trading accounts and withdrawals do not reflect to bank accounts. Clients have also complained that customer service is extremely poor, or non-existent when it comes to funding issues.
Reviews
Account information
Trading conditions
Company details
Deposit & withdrawal methods
Supported platforms for globex360
Is globex360 safe?
Globex360 was founded in 2017 in johannesburg and has been regulated by the FSCA since 2019 under FSP #50130. The FSCA has brought in a new licence for south african brokers called the ODP licence, but it is unclear if globex360 has applied for this yet.
Globex360 is an STP broker and operates without a dealing desk вђ“ though trade execution on basic accounts is instant, insinuating an automated dealing desk of some kind. Standard and professional accounts are both market execution.В
Globex360 does not offer negative balance protection, stating that вђњnegative balance protection is not guaranteed. The general practice is that we cover the negative balance, but all cases are reviewed on a case-by-case basis.Вђќ
We have received many complaints from south african traders with a globex360 login regarding deposit and withdrawal issues. We cannot prove that any of these allegations are true, but since the collapse of JP markets traders should be very careful when choosing a forex broker.
Should I trade with globex360?
We do not recommend globex360 for south african forex traders.
Even if the allegations of funding problems are untrue, globex360вђ™s trading costs are unreasonably high and its forex education is poor. Even though globex360вђ™s minimum deposit is quite low at 100 USD, it does not publish its complete spreads, trading accounts are not offered in ZAR, and the only platform available is MT4.В
We recommend choosing another broker from one of our lists:В
We only recommend well-regulated, honest brokers with good trading conditions.В
Giveaways promotion, macbook air – globex360
Globex360 presents a drawing contest in four categories of bronze, silver, gold, and platinum with different prizes for each categories. Win apple watch, macbook, smart TV to luxury holiday. All it is required to deposit accordingly to the category of your choice and take part in the draw.
Win giveaway prizes 2021
Joining link: competition
Contest’s time:
- Start –december 08, 2020
- End – january 31, 2021
- Registration – until january 31, 2021
Offer is applicable: all clients
How to apply:
- Register for the contest
- Make a minimum deposit of $100 USD
- Take part in the campaign
To win: fund and make maximum volume on your group to win a cash prize
Deposit: cash listed below
- Deposit from $100 to $500 USD + 15 lots – bronze group
- Deposit from $501 to $2,000 USD + 30 lots – silver group
- Deposit from $2,001 to $5,000 USD + 50 lots – gold group
- Deposit $5,001 USD + 75 lots – platinum group
- Win one of the four apple/android watches – bronze group
- Win one of the three macbook air – silver group
- Win one of the two samsung 55” QLED screens – gold group
- All expenses paid holiday for two in cape town (or a destination of equivalent value) (1 x winner) – platinum group
Terms & conditions – globex360 promotion 2021
The winners will be chosen randomly in a draw.
Globex360
Risk warning: your capital is at risk. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.
Risk warning: your capital is at risk. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.
Alternatives
Forum, user reviews and feedbacks
Alternatives
Risk warning: investments involve a high level of risk. It is possible to lose all your capital. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation and is not directed at residents of: belgium · france · japan · latvia · turkey · united states ·
Frequently asked questions
Find our answers to the most popular questions which concerns globex360°.
DEPOSIT AND WITHDRAWALS
Deposit and withdrawals questions
How do I deposit funds to my account?
You can make a deposit inside your client area using any funding option that suits you best.
What is the minimum deposit?
The minimum deposit for all account types is $25. However, to get a VIP account, you have to reach a balance of minimum $50,000.
How do I withdraw funds from my account?
Log in to your client area and fill in the respective withdrawal form. There are no fees on withdrawals.
Do you have any charges on deposits and withdrawals?
How fast do you process my withdrawals?
We process all withdrawal requests within one working day.
How long does it take for funds to reach my bank account?
We process all withdrawal requests within 24 hours on business days. The time necessary for the funds to reach your bank account depends on your bank’s policy. Bank withdrawals can take 3-7 working days to be seen on the client’s account. Credit/debit card withdrawals can take up to 8 working days to be seen on the client’s account.
Can I withdraw via a different payment method from the one I used for depositing?
Globex 360 policy is to process withdrawals via the same method that you used to deposit. For example, if you deposited using a credit card, the card will be credited with the amount equal to the deposit amount minus fees and upon your request we can send any profits via other payment methods under your name.
Can I withdraw my money if I have open position(s)?
Yes, you can. However, at the moment of payment, your free margin must exceed the amount specified in the withdrawal instruction including all payment charges. Free margin is calculated as equity minus the necessary margin (which is required to maintain an open position).
If you do not have sufficient free margin on your trading account, we will not carry out the withdrawal request until you submit a corrected withdrawal form and/or close the open positions on your account.
TRADING CONDITIONS
Trading conditions
What are the minimum and maximum position sizes?
The minimum trade size is 0.01 lot and the maximum trade size is 50 lots. The maximum amount of orders you can open on an MT4 account is 50.
What is your order execution speed?
Our average execution speed is around 200 milliseconds.
What are your margin call/stop out levels?
Our margin call / stop out levels are – 100/30%. Your account may be subject to a margin call if your account equity falls to a level that is equal to the margin of your existing positions. For example, you have an open position of 1 lot on EURUSD. The margin to hold that position is 200 USD.
When you opened the account, you had a 400 USD equity on your account. When the position starts to move against you and your account equity falls to 200 USD, you will have a margin call. But your position will not be closed yet. When your account equity falls to 30% of the required margin, then the system starts to close your positions immediately.
Taking the above example, if you open a position with 200 USD of margin and your account equity falls to 60 USD, then the system starts to close your position. If you have several positions opened, then the system closes them starting from the one with the biggest loss.
If, while closing the positions, your account equity reaches a level of more than 30% of the required margin, all other positions will remain open.
What are the minimum and maximum account leverage you offer?
The minimum leverage is 1:100 and it is available on basic accounts. The maximum leverage is 1:400.
Are hedging and scalping allowed?
Hedging is allowed (arbitrage trading). The required margin for hedging positions on classic, ECN pro, and VIP accounts is 0. Scalping is also allowed. There are no time limitations for keeping the positions open.
What is a slippage?
Globex360 is an STP broker, which means that we just clear our clients’ trades and retranslate quotes we get from our liquidity providers. Orders in the real market are always executed at current market prices, which is why a slippage may occur in the case of a sharp movement. Please note, that during market-moving news or high volatility, the risk of slippage is higher than during normal conditions. With us, you will get both positive and negative slippages.
What is globex 360 execution model?
Order execution model: DMA (direct market access), NDD (no dealing desk), STP (straight-through processing). ECN stands for electronic communication network. NDD stands for no dealing desk. DMA stands for direct market access. STP stands for straight-through processing.
Do you offer negative balance protection/cover negative balance?
Traders who use the maximum leverage available face the risk of a negative balance.
For example: let’s assume that you have 200 USD on your account and you open 1 lot on USDJPY on friday evening, with 1:500 leverage and 200 USD margin.
On sunday night, the market opens 30 pips away from friday’s closing price in a direction against you, so your position will immediately have a loss of 30 pips x 10 USD = 300 USD loss, while you have only 200 USD on your account.
The position will be automatically closed and your account would have a negative balance of -100 USD. This situation is 100% impossible when a trader uses 1:1 leverage. The higher leverage a trader uses, the more risks they take. Please also note that a negative balance may occur due to a slippage during high volatility.
Our risk department is constantly monitoring our clients’ risk-taking and if we see that a client trades irresponsibly, then we will notify the client via e-mail and ask them to reduce risk exposure. Also, we might reduce the leverage on the client’s account.
Negative balance protection is not guaranteed. The general practice is that we cover the negative balance, but all cases are reviewed on a case-by-case basis.
Do you offer FIX API connection?
We offer FIX API connection to our large private clients and institutional clients. The minimum account balance required is 25,000$ and the minimum monthly trading volume required is 500 lots. There are no other requirements or fees. We are not offering a demo version. If a client trades 500 lots per month, then we do not charge any fees for using it. However, if a client does not reach 500 lots, then a 1,000$ fee applies.
What are the limits of setting SL, TP, and TS?
You can set stop loss and take profit orders with no limits on all account types. SL and TP orders will still be active, even if your computer is switched off. The minimum trailing stop level is 1.5 pips or 15 points. It is possible to set only 1 trailing stop per order. You need to have the MT4 platform open to keep the trailing stop active.
What are your trading hours?
FX trading is available 24 hours a day, 5 days a week. You can trade from monday 00:00 to friday 24:00 (server time, GMT + 2). For cfds, we have specific trading hours listed here.
Do you have a dealing desk?
We don’t have a dealing desk because we are an STP broker and all our procedures are automated. We have no conflict of interest with our clients as 100% of the orders are cleared with liquidity providers.
Does slippage occur in your platform?
At globex360, slippage can occur during big news announcements, depending on the market conditions and volatility. There can be both positive and negative slippage.
How many platforms are available for trading?
We offer one of the most popular and easy-to-use platforms,MT4 which is available for windows, OS X, ios and android.
What is the margin call procedure for MT4?
Negative price movement can potentially lead to a margin call and the subsequent triggering of an automated margin close-out of positions. In the event that market conditions are unfavourable to you, we will set a stop-out level to reduce your maximum loss. This means that we will set a threshold of margin value, below which positions are automatically closed. This stop-out is set at 30% of the margin. For example, based on a margin of 100, the position would be automatically closed if the net equity** reaches 30 or lower.
In a nutshell, once your account net equity drops below 100% of the initial margin required to establish the open position(s), MT4 changes colour to red to indicate that you are close to or on margin call, and once your account net equity drops below 30% of margin requirements, your open positions will get closed automatically.
(**net equity: defined as the sum of the client’s net profit and loss on an open position(s) and client’s deposited funds.)
Do you offer swap-free accounts?
Yes, we offer muslim faith traiders all our accounts with a swap-free option
INFORMATION REGARDING IB
IB program
Do you offer remuneration for introducing brokers?
We do offer an IB programme. Here is how it works:
1. Open an account in the client area. If you are an existing client, please insert your account number.
2. Agree to the terms and conditions in the client area – IB room.
3. Promote our services to potential clients who may wish to open an account and start trading with us.
4. Start receiving IB commissions.
If you want to share your IB link with your clients, then please note that the URL link contains cookies. Cookies will save your IB information. When your client completes the registration form in the client area and opens an MT4 account, then your IB code will be provided by default as main IB.
How to attach clients to my IB account?
There are two ways a client can be attached to your IB account:
1. You provide your clients with a unique IB referral link. Whenever a new client goes to our website using that link, registers his client area and opens a live account, you immediately see him being attached to your IB account.
2. We can add an existing client under your IB account upon a written request from the client.
How is the IB commission added to my account?
Whenever your client makes a trade, it will be automatically shown in your IB room with the calculated commission. The weekly IB commissions are added to your IB balance every weekend after what you can immediately withdraw them.
How can I withdraw my IB commission?
You can withdraw your IB commission anytime you want by filling in a withdrawal form inside the client area you can transfer the funds to your globex360 live account or withdraw them to your bank account, skrill, neteller or any other available payment solution.
Globex360 review
Summary
We do not recommend globex360 due to the numerous complaints and high cost of trading. We encourage traders to check out plus500 & avatrade as possible alternatives.
Globex360 minimum deposits start at 100 USD, but trading costs are expensive. Spreads are wide, starting at 2 pips on the basic account. A large commission per trade is also charged on all accounts, which is unusual for a broker with such wide spreads. Full spreads are not published.
In addition, while globex360 states that withdrawals are free, we have received multiple claims that deposits do not reflect to trading accounts and withdrawals do not reflect to bank accounts. Clients have also complained that customer service is extremely poor, or non-existent when it comes to funding issues.
Reviews
Account information
Trading conditions
Company details
Deposit & withdrawal methods
Supported platforms for globex360
Is globex360 safe?
Globex360 was founded in 2017 in johannesburg and has been regulated by the south african FSCA since 2019 under FSP #50130. The FSCA has brought in a new licence for south african brokers called the ODP licence, but it is unclear if globex360 has applied for this yet.
Globex360 is an STP broker and operates without a dealing desk – though trade execution on basic accounts is instant, insinuating an automated dealing desk of some kind. Standard and professional accounts are both market execution.
Globex360 does not offer negative balance protection, stating that “negative balance protection is not guaranteed. The general practice is that we cover the negative balance, but all cases are reviewed on a case-by-case basis.”
We have received many complaints from south african traders with a globex360 login regarding deposit and withdrawal issues. We cannot prove that any of these allegations are true, but traders should be very careful when choosing a forex broker.
Should I trade with globex360?
We do not recommend globex360.
Even if the allegations of funding problems are untrue, globex360’s trading costs are unreasonably high and its forex education is poor. Even though globex360’s minimum deposit is quite low at 100 USD, it does not publish its complete spreads and the only platform available is MT4.
We recommend choosing another broker from one of our lists:
We only recommend well-regulated, honest brokers with good trading conditions.
Globex360 review
"> updated: october 26, 2020
Summary
We do not recommend globex360 for south african traders due to the high cost of trading and the numerous complaints we have received. If you are looking for a good south african forex broker we recommend blackstone futures or khwezitrade instead.
Globex360 minimum deposits start at 100 USD, but trading costs are expensive. Spreads are wide, starting at 2 pips on the basic account. A large commission per trade is also charged on all accounts, which is unusual for a broker with such wide spreads. Full spreads are not published.
In addition, while globex 360 states that withdrawals are free, we have received multiple claims that deposits do not reflect to trading accounts and withdrawals do not reflect to bank accounts. Clients have also complained that customer service is extremely poor, or non-existent when it comes to funding issues.
Reviews
Account information
Trading conditions
Company details
Deposit & withdrawal methods
Supported platforms for globex360
Is globex360 safe?
Globex360 was founded in 2017 in johannesburg and has been regulated by the FSCA since 2019 under FSP #50130. The FSCA has brought in a new licence for south african brokers called the ODP licence, but it is unclear if globex360 has applied for this yet.
Globex360 is an STP broker and operates without a dealing desk вђ“ though trade execution on basic accounts is instant, insinuating an automated dealing desk of some kind. Standard and professional accounts are both market execution.В
Globex360 does not offer negative balance protection, stating that вђњnegative balance protection is not guaranteed. The general practice is that we cover the negative balance, but all cases are reviewed on a case-by-case basis.Вђќ
We have received many complaints from south african traders with a globex360 login regarding deposit and withdrawal issues. We cannot prove that any of these allegations are true, but since the collapse of JP markets traders should be very careful when choosing a forex broker.
Should I trade with globex360?
We do not recommend globex360 for south african forex traders.
Even if the allegations of funding problems are untrue, globex360вђ™s trading costs are unreasonably high and its forex education is poor. Even though globex360вђ™s minimum deposit is quite low at 100 USD, it does not publish its complete spreads, trading accounts are not offered in ZAR, and the only platform available is MT4.В
We recommend choosing another broker from one of our lists:В
We only recommend well-regulated, honest brokers with good trading conditions.В
Globex360 broker review
Summary
We do not recommend globex360. Globex360 minimum deposits start at 100 USD, but trading costs are expensive. Spreads are wide, starting at 2 pips on the basic account. A large commission per trade is also charged on all accounts, which is unusual for a broker with such wide spreads. Full spreads are not published.
In addition, while globex 360 states that withdrawals are free, we have received multiple claims that deposits do not reflect to trading accounts and withdrawals do not reflect to bank accounts. Clients have also complained that customer service is extremely poor, or non-existent when it comes to funding issues.
Reviews
Account information
Trading conditions
Company details
Deposit & withdrawal methods
Supported platforms for globex360
Is globex360 safe?
Globex360 was founded in 2017 in johannesburg and has been regulated by the south african FSCA since 2019 under FSP #50130. The FSCA has brought in a new licence for south african brokers called the ODP licence, but it is unclear if globex360 has applied for this yet.
Globex360 is an STP broker and operates without a dealing desk – though trade execution on basic accounts is instant, insinuating an automated dealing desk of some kind. Standard and professional accounts are both market execution.
Globex360 does not offer negative balance protection, stating that “negative balance protection is not guaranteed. The general practice is that we cover the negative balance, but all cases are reviewed on a case-by-case basis.”
We have received many complaints from south african traders with a globex360 login regarding deposit and withdrawal issues. We cannot prove that any of these allegations are true, but traders should be very careful when choosing a forex broker.
Should I trade with globex360?
We do not recommend globex360.
Even if the allegations of funding problems are untrue, globex360’s trading costs are unreasonably high and its forex education is poor. Even though globex360’s minimum deposit is quite low at 100 USD, it does not publish its complete spreads and the only platform available is MT4.
We recommend choosing another broker from one of our lists:
We only recommend well-regulated, honest brokers with good trading conditions.
Range of markets
Range of markets
Forex
Forex, commonly known as foreign exchange or FX, is the world’s most widely traded market, with an estimated daily turnover exceeding $5,5 trillion. Currencies are traded around the clock 24 hours a day, 5 days a week. Globex360° is offering covers over 50 spot instruments, with attractive leverage and financing costs. As the most liquid market in the world, high volume trades can be executed with no slippage, and stop-loss orders are guaranteed for mini accounts during trading hours.
- Spreads from 0.28 pips
- Leverage up to 1:500
- Ultra-fast execution
Why trade FX with globex360°?
Over 50 spot forex cfds
globex360 offers trading access to major, minor, and emerging pairs 24 hours a day, 5 days a week. From GBP/USD to USD/HUF, your positions held overnight are rolled over to the next day, with the cost being built in to swap points. These can be positive or negative depending on the currency pair traded.
Leverage up to 1:500
gain a much larger market exposure with a relatively smaller initial deposit. Remember, with leveraged trading, the potential for profits or losses from your initial outlay of capital is much higher than in tradition trading. We offer leverage of 1:500 on accounts with a balance under $10,000 for FX instruments.
Spreads from zero pips
we offer an extremely competitive spread range, with spreads on EUR/USD from zero pips on our PRO account (STP). All of our other instruments are also quoted at the best possible prices from our liquidity providers.
Ultra-fast execution
we’re constantly improving our platform to bring you the best execution speeds in the business. With an average execution time of 85 milliseconds, your trades are routed directly to our servers and executed automatically, with no dealer intervention.
No requites
because of our ultra-fast execution and price feeds, there are no re-quotes when trading with us whatsoever. Your order will always be executed at the requested price – instant orders, every time.
Deep liquidity
we are currently using a number of renowned liquidity providers. This allows us to offer you the best possible prices, execution and market depth. Even high volume trades can be executed with the lowest possible slippage, thanks to our advanced market solutions.
Guaranteed stop loss, free of charge
as part of our basic account, we offer you guaranteed stop losses with fixed spreads. We guarantee that your stop losses will be executed at the price you requested, free of charge – even in times of significant slippage.
Trade your way – choose an account to suit your trading style
- Mini: suited for beginners who are at the start of their trading journeys. Enjoy fixed spreads, no additional commission and guaranteed stop losses. Trades are executed instantly, and leverage goes up to 1:500 on FX instruments. Micro lots trading is also available, with simple functionality that allows you to focus on shaping your skills and placing your first trades.
- Standard: for the more experienced traders. Instruments are quoted at market prices with floating spreads, and spreads are tighter during more active hours. Trades are executed instantly, and leverage also starts from 1:500.
- ECN: for the most sophisticated investors. Market spreads are pure and every trade is charged an additional commission. You can benefit from interbank pricing from the FX market with this account. Leverage starts from 1:200
so, let's see, what we have: frequently asked questions find our answers to the most popular questions which concerns globex360°. DEPOSIT AND WITHDRAWALS deposit and withdrawals questions how do I deposit funds at does globex360 offer bonus
Contents of the article
- Top forex bonuses
- Frequently asked questions
- Deposit and withdrawals questions
- How do I deposit funds to my account?
- What is the minimum deposit?
- How do I withdraw funds from my account?
- Do you have any charges on deposits and...
- How fast do you process my withdrawals?
- How long does it take for funds to reach my bank...
- Can I withdraw via a different payment method...
- Can I withdraw my money if I have open...
- Trading conditions
- What are the minimum and maximum position sizes?
- What is your order execution speed?
- What are your margin call/stop out levels?
- What are the minimum and maximum account leverage...
- Are hedging and scalping allowed?
- What is a slippage?
- What is globex 360 execution model?
- Do you offer negative balance protection/cover...
- Do you offer FIX API connection?
- What are the limits of setting SL, TP, and TS?
- What are your trading hours?
- Do you have a dealing desk?
- Does slippage occur in your platform?
- How many platforms are available for trading?
- What is the margin call procedure for MT4?
- Do you offer swap-free accounts?
- IB program
- Do you offer remuneration for introducing brokers?
- How to attach clients to my IB account?
- How is the IB commission added to my account?
- How can I withdraw my IB commission?
- Globex360 review
- Summary
- Reviews
- Account information
- Trading conditions
- Company details
- Deposit & withdrawal methods
- Supported platforms for globex360
- Is globex360 safe?
- Should I trade with globex360?
- Giveaways promotion, macbook air – globex360
- Win giveaway prizes 2021
- Globex360
- Alternatives
- Forum, user reviews and feedbacks
- Alternatives
- Frequently asked questions
- Deposit and withdrawals questions
- How do I deposit funds to my account?
- What is the minimum deposit?
- How do I withdraw funds from my account?
- Do you have any charges on deposits and...
- How fast do you process my withdrawals?
- How long does it take for funds to reach my bank...
- Can I withdraw via a different payment method...
- Can I withdraw my money if I have open...
- Trading conditions
- What are the minimum and maximum position sizes?
- What is your order execution speed?
- What are your margin call/stop out levels?
- What are the minimum and maximum account leverage...
- Are hedging and scalping allowed?
- What is a slippage?
- What is globex 360 execution model?
- Do you offer negative balance protection/cover...
- Do you offer FIX API connection?
- What are the limits of setting SL, TP, and TS?
- What are your trading hours?
- Do you have a dealing desk?
- Does slippage occur in your platform?
- How many platforms are available for trading?
- What is the margin call procedure for MT4?
- Do you offer swap-free accounts?
- IB program
- Do you offer remuneration for introducing brokers?
- How to attach clients to my IB account?
- How is the IB commission added to my account?
- How can I withdraw my IB commission?
- Globex360 review
- Summary
- Reviews
- Account information
- Trading conditions
- Company details
- Deposit & withdrawal methods
- Supported platforms for globex360
- Is globex360 safe?
- Should I trade with globex360?
- Globex360 review
- Summary
- Reviews
- Account information
- Trading conditions
- Company details
- Deposit & withdrawal methods
- Supported platforms for globex360
- Is globex360 safe?
- Should I trade with globex360?
- Globex360 broker review
- Summary
- Reviews
- Account information
- Trading conditions
- Company details
- Deposit & withdrawal methods
- Supported platforms for globex360
- Is globex360 safe?
- Should I trade with globex360?
- Range of markets
- Range of markets
- Forex
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