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FXGlobe was founded in 2008 as a test project for a group of traders. Back then, the group decided that a community for like-minded people, where they could trade together and exchange information, would contribute to their trading experience. Later, other traders who joined the community shared their main problem - lack of a reliable broker.
The company went online in 2010 and received a license from the Cyprus Securities and Exchange Commission (CySEC).
FXGlobe’s welcome word to traders is the following: “We’d happily admit we don’t know it all. But, what we do know is FX trading and we are focused on optimising our trading services, technology, and offering- to give you a far better experience.”
Trading conditions
FXGlobe is a regulated international forex broker. The company offers a diverse list of trading instruments, including Forex, commodities, stocks, and indices. FXGlobe clients can open one of the following trading accounts: Standard, Pro, and ECN Razor. Detailed information about accounts is featured on the company`s website.
In order to open a trading account, users should provide their personal information such as a copy of the passport, a full name, a utility bill, and a copy of the credit card with the last 4 digits visible. These steps are taken to protect traders and the company.
Account holders have access to automated trading signals, parallel orders, daily technical analysis, training materials, forex news, and the assistance of a manager. The minimum trade size is 0.01 lot. The minimum deposit starts from $250. Apart from that, clients can try their hands at a demo account.
Trading platforms
The broker provides one of the most reliable trading platforms - MetaTrader 4. It is available on desktop, mobile devices, and as a web browser.
Support service
The XGlobe support team works Monday through Friday from 08:00 to 20:00. Clients can contact the broker by email and phone, as well as through live chat and contact form. The contact details are available on the official website. The address of the support service is Port Vila, the Republic of Vanuatu.
Deposit and withdrawal of funds
Clients can deposit and withdraw funds using bank cards, Neteller, Skrill, cashu.com, gocash.ge electronic payment systems, and wire transfers.
Feedback
The comments about the broker are mixed. Some third-party websites contain only negative reviews, while others feature only positive ones. Therefore, it is better to refrain from relying on traders’ comments in this case.
Advantages and disadvantages
Pros:
- regulated and licensed broker
- user-friendly trading platform
- no additional fees
Cons:
- high minimum deposit
Conclusion
FXGlobe is a regulated international broker based in Cyprus. The company offers plenty of trading instruments as well as flexible trading conditions. FXGlobe’s primary goal is to ensure the safety of clients` financial assets. Unfortunately, the minimum deposit in the company is relatively high. Apart from that, the lack of feedback from traders arouses suspicion.
