FXGlobe provides trading services in 3 account types [Pathfinder, Navigator, Infinity]; the minimum deposit amounts are $250, $2,500, and $25,000, respectively, with a maximum leverage of 1:500 and spreads starting from 0 pips.
FXGlobe Company Information and Regulation
FXGlobe is a global multi-asset broker founded in 2009. Headquartered in Limassol, Cyprus, the company's registered address is 2, Louki Akrita, 3030, Ayia Zoni, Limassol.
With a community of over 45,000 active traders, the brokerage is regulated by these authorities:
- Cyprus Securities and Exchange Commission (CySEC) under license number 205/13
- Vanuatu Financial Services Commission (VFSC)
- Financial Sector Conduct Authority (FSCA) of South Africa under number 52045
FXGlobe Broker Key Specifications
The Forex broker operates based on a set of features and parameters. Here's a quick overview:
Broker | FXGlobe |
Account Types | Pathfinder, Navigator, Infinity, Demo |
Regulating Authority | CySEC, FSCA, VFSC |
Based Currencies | USD, EUR, GBP |
Minimum Deposit | $250 |
Deposit Methods | Neteller, Skrill, SEPA, SWIFT, PIX, TED, Boleto, Africa Solutions, Credit/Debit Cards, Crypto |
Withdrawal Methods | Neteller, Skrill, SEPA, SWIFT, PIX, TED, Boleto, Africa Solutions, Credit/Debit Cards, Crypto |
Minimum Order | 0.01 Lots |
Maximum Leverage | 1:500 |
Investment Options | Social Trading, PAMM |
Trading Platforms & Apps | BlackArrow, MetaTrader 4, MetaTrader 5 |
Markets | Forex, Commodities, Indices, Shares |
Spread | From 0 Pips |
Commission | Zero on Pathfinder and Navigator Accounts $7 per Lot on Infinity Account |
Orders Execution | Market |
Margin Call / Stop Out | 100% / 25% |
Trading Features | Social Trading, Savings Accounts |
Affiliate Program | Yes |
Bonus & Promotions | None |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Phone, Chat, Email, Ticket |
Customer Support Hours | Monday to Friday, 06:00 - 15:00 GMT |
Various Account Types + Comparison
This broker provides 3 live account types with differences in minimum deposit, trading platforms, and other properties. The table below reviews and compares these accounts:
Account Type | Pathfinder | Navigator | Infinity |
Min. Deposit | $250 | $2,500 | $25,000 |
Execution | No Dealing Desk (NDD) | ||
Min Trade Size | 0.01 Lots | ||
Trading Platforms | MT4/MT5 | All Platforms | |
Execution Time | 2-8 days | 2-7 days | 2-3 Days |
Also, a demo account is available for practice trading.
Registration & Verification Tutorial
Getting started with FXGlobe is done in straightforward steps. Here's a simple guide to opening an account:
- Navigate to the brokerage's website and click on "Start Investing" or "Open Live Account";
- Fill in your name, email, and phone number and choose your country of residence;
- Create a strong password and tick the checkboxes below the form.
Now, your account is created on the company's website. You must complete your profile by providing additional information and documentation in order to verify your account.
Trading Platforms
FXGlobe provides 3 choices as trading platforms to its clients. We will briefly introduce each in the following sections.
MetaTrader 4
The broker introduces MT4 as an ideal choice for "strategies of any complexity". Download it for your mobile device via these links:
MetaTrader 5
MT5 is a successor to the previous mentioned platform with faster backtesting and depth of market (DOM) feature. Download Links:
BlackArrow by Nelogica
This trading platform is an advanced terminal with automated strategies, market replay, and other features. Download it via these links:
FXGlobe Spreads and Commissions in Trading And Other Activities
The brokerage charges various commissions based on the chosen account type. Here's an overview:
Account Type | Pathfinder | Navigator | Infinity |
Commission | 0 | $7 per Lot | |
Based on our investigations, the spreads on the broker's symbols start from 0 pips. Regarding other costs, there are no deposit and inactivity fees, but a $25 withdrawal commission applies on payments processed through SWIFT. Also, a 3% fee is incurred for withdrawals in case of no trading activity since the last deposit.
Funding Options
FXGlobe provides a wide selection of 10+ methods deposit and withdrawals:
- E-payment Systems: Neteller, Skrill
- Bank Transfers: SEPA, SWIFT, PIX, TED, Boleto
- Africa Solutions: for African clients
- Credit/Debit Cards: VISA, MasterCard
- Cryptocurrencies: Blockchain transactions
Copy Trading and Other Investment Methods
FXGlobe offers investment features for earning additional passive income aside from trading:
- Social Trading: Follow and automatically copy other traders' strategies with access to useful data for analysis
- PAMM (Percentage Allocation Management Module): Invest in pools managed and traded by money managers
Bonuses and Promotions on FXGlobe
At the time of writing, FXGlobe does not offer any specific bonuses or promotions. It's not considered a drawback since promotional offers are not part of a brokerage's actual services.
Support Department: Schedule and Contact Channels
FXGlobe offers 4 support channels for its clients:
- Email: support@fxglobe.com
- Ticket: Accessible through [Support>Contact Us] on the website
- Phone: +44-2045427667
- Live Chat: Via the website, Telegram, and WhatsApp
The agents are available Monday to Friday, 06:00 - 15:00 GMT.
Trust Scores and Reviews
FXGlobe Trustpilot page and other sources suggest an overall acceptable level of reviews from the trading community; however, a website has given a very low trust score to the company. Ratings Overview:
- Trustpilot: 4.2/5 based on 230+ reviews
- ScamAdviser: 10/100 Trustscore given by the website, but 3.9/5 based on 60+ user scores
Conclusion And Final Words
FXGlobe offers zero-fee trading on Pathfinder and Navigator accounts, and charges a $7 per lot commission on the Infinity account.
With a 25% stop out level, the broker has received an average of 4.2/5 score from users on "Trustpilot".