FXGLOBE Forex Broker

FXGLOBE Review SummaryFounded2015Registered Country/RegionVanuatuRegulationCYSECMarket InstrumentsFX (major, minor, exotic), commodities, indices and sharesDemo AccountAvailableLeverageUp to 1:200Spread0.5 pips on the EUR/USD pairTrading PlatformMT4, MT5, Web TraderMin Deposit$250Customer SupportPhone: +44 2045427667Email: support@fxglobe.comMultilingual live chat：Twitter: https://twitter.com/FXGlobeCommFacebook: https://www.facebook.com/FXGlobeCommunityInstagram: https://www.instagram.com/fxglobecommunity/YouTube: https://www.youtube.com/@fxglobecommunityFXGLOBE Information FS International Limited(FXGLOBE) is established in Vanuatu, regulated by CYSEC. It provides its clients more than 70 tradable financial instruments, including forex currency pairs, commodities, indices and cryptocurrencies, with leverage of up to 1:200. The original spread for MT4, MT5 and Web Trader platforms is 0.00 points.Pros and ConsProsConsRegulated by CYSECInvalid FCA, BaFin and VFSC licensesVariety of financial instrumentsReports of difficulties in withdrawing funds and experiencing severe slippageDemo accounts availableHigh minimum deposit requiredCommission-free accounts offeredLimited trading toolsMultiple trading platforms available (MT4, MT5, and Web Trader)Rich educational resourcesIs FXGLOBE Legit? It is regulated by the Cyprus Securities and Exchange Commission (CYSEC, License No. 205/13). However, it represents a unsubscribed status with the United Kingdom Financial Conduct Authority (FCA, License No. 611742) and a revoked regulatory status with the Vanuatu Financial Services Commission (VFSC, License No. 700227) and the Federal Financial Supervisory Authority (Ba Fin, License No. 136044), which may indicate a lack of oversight and consumer protection.Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCYSECFXGlobe LtdStraight Through Processing(STP205/13What Can I Trade on FXGLOBE? FXGLOBE offers traders the opportunity to trade currency pairs, commodities, indices, shares and futures.Tradable InstrumentsSupportedCommodities✔Stocks❌Forex✔Cryptocurrencies❌Indices✔Bonds❌ETFs❌Mutual Funds❌Futures✔Account Types AvaTrade offers demo accounts for traders to practice and three live account types, namely Pathfinder, Navigator, and Infinity. The Pathfinder account is accessible for traders with a smaller budget with a minimum initial deposit of $/€/£250. The Navigator account is fit for more experienced traders with a higher minimum initial deposit of $/€/£2,500. The Infinity account is designed for professional traders and requires a minimum initial deposit of $/€/£25,000.PathfinderNavigatorInfinityMinimum Deposit$/€/£250$/€/£2,500$/€/£25,000ExecutionNo Dealing Desk (NDD)Minimum Trading Size1000 (0.01 lots)Leverage FXGLOBE offers leverage options of up to 200:1, giving traders the opportunity to increase their potential profits.FXGLOBE Fees FXGLOBE Fees are still considered relatively low and attractive for traders. FXGLOBE offers raw spreads starting from 0.00 pips. The spread for EUR/USD is 0.5 pips. Besides, FXGLOBE's account types are divided by commission: Pathfinder and Navigator are commission-free and suitable for trading with no additional costs; Infinity account commission $7 per lot, suitable for high trading volumeTrading Platform MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two popular platforms chosen by FXGLOBE to serve for clients of different preferences. Besides, FXGLOBE provides a Web Trader platform in which traders access their accounts and trade directly without the need for any software download. Speaking of trading platforms, multiple choices are available with FXGLOBE. You can apply most of them on multiple devices, including Windows, MAC, Android, and IOS. You can check it out as follows:Trading PlatformSupportedAvailable DevicesSuitable forMT5✔Windows, MAC, IOS, AndroidInvestors of all experience levelsMT4✔Windows, MAC, IOS, AndroidInvestors of all experience levelsWeb Trader✔Windows, MAC, IOS, AndroidInvestors of all experience levelsDeposit and Withdrawal FXGLOBE offers free deposits. With the exception of SEPA's minimum deposit of €250 and Swift's minimum deposit of US $300, the minimum deposit for all other deposit methods is set at US $50. While most withdrawals are free, it's worth noting that there is a $25 fee for withdrawals via Swift. The minimum withdrawal fee is $25 for most withdrawal methods, while the minimum withdrawal fee for Swift method is $300. Deposit OptionsDeposit OptionsCurrenciesMax. DepositMin. DepositFeesProcessing TimeSEPAEURUnlimited€250No Commission1 to 4 business daysSwiftUSD, EUR, GBP, SGD, AED, PLNUnlimited$300No Commission1 to 4 business daysMastercardUSD, EUR, GBP, PLN$20,000$50No CommissionInstantVisaUSD, EUR, GBP, PLN$20,000$50No CommissionInstantNetellerUSD, EUR, GBP, BRL$20,000$50No CommissionInstantSkrillUSD, EUR, GBP, PLN$20,000$50No CommissionInstantPIX, TED, BoletoBRLBRL 200,000$50No CommissionSame business dayAfrica Solutions / South Africa EFTGHS, KES, NGN, ZAR,ZAR 100,000, 10 Million NGN Per transaction$50No CommissionSame business dayCryptocurrencyBitcoin, USDT ERC-20, USDT TRC-20Unlimited$50No CommissionInstant Withdrawal OptionsWithdrawal OptionsCurrenciesMin. WithdrawalFeesProcessing TimeSEPAEUR€25No Commission3 to 5 business daysSwiftUSD, EUR, GBPPLN$300No Commission3 to 5 business daysMastercardUSD, EUR, GBP, PLN$25No Commission1 to 5 business daysVisaUSD, EUR, GBP, PLN$25No Commission1 to 5 business daysNetellerUSD, EUR, GBP, BRL$25No CommissionSame business daySkrillUSD, EUR, GBP, PLN$25No CommissionSame business dayPIX, TED, BoletoBRL$25No CommissionSame business dayAfrica Solutions / South Africa EFTGHS, KES, NGN, ZAR,$25No CommissionSame business dayCryptocurrencyBitcoin, USDT ERC-20, USDT TRC-20$25No CommissionSame business day