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FXGlobe Broker Review

Address: 7 Omirou St Agios Nikolaos Limassol 3091 Limassol Cyprus
Phone: +357 25 870060
Email: info@fxglobe.com
Spread
1
Max. Leverage
1:300 Pro
Deposit Protection
£50,000
Min. Deposit
£100
Spread
Max. Leverage
Deposit Protection
Min. Deposit
Our Overall Rating
Likes
Dislikes
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).
Commissions & Fees
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.
Customer Service
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.
Final Thoughts
FXGlobe is a reasonably well-regarded forex broker, who while not having the most feature-packed platform out there, do provide enough features to make them an attractive choice for intermediate forex traders. They offer a good range of currency pairs, CFDs, and commodities to give you a nicely diversified trading portfolio. While the spreads could be a little more competitive; this all depends on the account type you have with them. Users trading with higher volumes might prefer the low-spread account type with a set commission attached to each trade; however, this might not be feasible if you plan on executing a high volume of trades per day. While not necessarily being an industry leader or pathbreaker in terms of the supporting technology, FXGlobe is a reliable option for intermediate users looking to test out a new platform.
FAQ
We Compare Brokers up to date appraisal of FXGlobe. For your peace of mind, we have tested all aspects from trades to platforms. |
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