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Globex360 is a brokerage company that was founded in 2017. It has quickly established itself as a notable player in the online trading sector, primarily focusing on the African market. The company aims to provide a robust trading environment for both novice and experienced traders.
Globex360 operates under the legal entity Globex 360 (Pty) Ltd. It is a privately owned company, which allows it to maintain a flexible operational structure while adhering to regulatory requirements.
The company's headquarters is situated in Johannesburg, South Africa, specifically at Ground Floor, Building 3, Waterford Office Park, Fourways. This strategic location facilitates its operations across the African continent.
Globex360 offers its trading services not only within South Africa but also internationally, focusing on traders from various regions, including Africa, South America, and Australia. The company aims to cater to a diverse clientele by providing a range of trading instruments and services.
Globex360 is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. It operates under the license number FSP 50130, which ensures that it adheres to the necessary legal and ethical standards in the financial services industry.
Since its inception, Globex360 has expanded its operations significantly. Initially targeting the South African market, the company has opened representative offices in various African countries and has begun to establish a presence in South America and Australia.
Globex360 has seen a steady increase in its customer base, primarily due to its focus on providing a user-friendly trading environment and a variety of educational resources. The company has attracted both novice traders seeking to learn and experienced traders looking for competitive trading conditions.
The company primarily utilizes the MetaTrader 4 (MT4) trading platform, known for its reliability and extensive features. Globex360 has also integrated additional tools and resources to enhance the trading experience, including automated trading options and market analytics.
Globex360 has received several accolades, including being named the fastest-growing forex broker in 2020 and the most innovative broker by industry publications. These awards reflect the company's commitment to enhancing its services and meeting the needs of its clients.
Globex360 offers a diverse range of forex trading options, providing access to over 50 currency pairs. This includes major, minor, and exotic pairs, allowing traders to engage in various trading strategies.
The company provides trading options for stocks, allowing clients to trade CFDs on equities from various international markets. This feature enables traders to invest in well-known companies without owning the underlying assets.
Globex360 specializes in CFD (Contract for Difference) trading, offering products across different asset classes, including indices, commodities, and cryptocurrencies. This allows traders to speculate on price movements without owning the actual assets.
In addition to forex and stock trading, Globex360 offers a range of financial instruments, including:
Globex360 provides several unique advantages, including:
Globex360 is regulated by the FSCA in South Africa. However, it is important to note that the FSCA does not provide negative balance protection, which can expose traders to significant risks. The company also does not participate in any investor compensation schemes.
Globex360 operates under the legal structure of a private limited company (Pty Ltd) in South Africa. This structure allows for compliance with local regulations while facilitating international operations.
The company claims to protect client funds by keeping them in segregated accounts, separate from its operational funds. This practice is designed to safeguard clients' investments in case of financial difficulties.
Globex360 primarily serves clients from South Africa and other African nations. However, it also caters to traders from South America and Australia, although residents from the USA, Belgium, and Canada are not accepted.
Globex360 has faced scrutiny regarding its compliance with local regulations. In May 2022, the FSCA fined the company for non-compliance, although details of the contravention were not disclosed. This incident highlights the importance of ongoing regulatory vigilance for the company.
Globex360 competes with several other brokers in the market, including:
Globex360 positions itself as a broker focused on providing a competitive trading environment for African traders. Its emphasis on educational resources and customer support aims to attract both novice and experienced traders.
Globex360 differentiates itself through:
Globex360 has established itself as a significant player in the online trading sector, particularly within the African market. While it offers a range of trading services and educational resources, potential clients should be aware of the regulatory landscape and the associated risks. As the company continues to evolve, it remains essential for traders to conduct thorough research and consider their trading requirements before engaging with Globex360.
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