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Our full FXGlobe review is coming soon.
FXGlobe is a Cyprus based brokerage specialising in forex trading as well as a range of other instruments such as CFDs, precious metals, and energy products. As they are based in Cyprus, FXGlobe falls under the regulatory jurisdiction of the CySEC, which applies strict customer protection standards to Cyprus Investment Firms (CIFs).
To get started trading with FXGlobe, customers will be required to make a minimum deposit of $250 to their account, which matches the industry average. When it comes to trading, FXGlobe offer variable spreads on all currency traders. This averages out to around 1.8 pips on a typically EUR/USD trade on the commission-free account type. This is a relatively high spread compared to other brokers, which tend to average around the 1.5 pip mark, although the advantage is that you won’t incur any other fees or commissions. The ECN plus account type offers spreads as low as 0.2 pips; however, this comes with a commission of $8 per lot.
Based on this reviewer’s research, the customer support and service on offer seem pretty solid for the most part. While the reviews aren’t exactly glowing, they aren’t particularly negative either. There are a number of outliers out there which cite communication issues and slow response time, but others seem to convey precisely the opposite experience. As with all reviews online, you do have to take them with a pinch of salt and make your own assessment.
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