Address: 7 Omirou St Agios Nikolaos Limassol 3091 Limassol Cyprus
Phone: +357 25 870060
Email: [email protected]
Our Overall Rating
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.
As we have come to expect from most mid-tier brokerages, FXGlobe provide access to and support for the MetaTrader 4 platform. This is the preferred choice for most traders out there these days, and for a good reason, as it is a robust platform that is intuitive whilst still being feature-packed. Additionally, for customers depositing at least $2,000 into their standard account, they can benefit from their ‘AGLO-DRIVE Robot’ which is offered daily via a forex signals website. This allows you to add a certain amount of automation to your trading, although it is recommended only for intermediate to more advanced forex traders
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.
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.
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