73.83% of retail investor accounts lose money when trading CFDs with this provider.

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FxGlobe Review

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FxGlobe is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies, indices and shares.

Pros

  • Segregates client funds
  • Established in 2009
  • Regulated by CySEC
  • Min. deposit from $250

Cons

To open a live account, you’ll need a minimum deposit of at least $250. Alternatively, FxGlobe offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by CySEC (Licence: 205/13). FxGlobe puts all client funds in a segregated bank account and uses tier-1 banks for this. FxGlobe has been established since 2009, and have a head office in Cyprus.

Before we dive into some of the more detailed aspects of FxGlobe ’s spreads, fees, platforms and trading features, you may want to open FxGlobe ’s website in a new tab by clicking the button below in order to see the latest information directly from FxGlobe.

Visit FxGlobe

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

FxGlobe screenshot Open a demo account

73.83% of retail investor accounts lose money when trading CFDs with this provider.

What are FxGlobe's spreads & fees?

Like most brokers, FxGlobe takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on FxGlobe’s website. The colour bars show how competitive FxGlobe' spreads are in comparison to other popular brokers featured on BrokerNotes.

FxGlobe
EUR/USD (Average: 0.7 pips) Not offered 0.7 pips 0.1 pips
GBP/USD (Average: 1.1 pips) Not offered 1.7 pips 0.1 pips
USD/JPY (Average: 1.1 pips) Not offered 0.6 pips 0.1 pips
AUD/USD (Average: 0.8 pips) Not offered 0.6 pips 0.2 pips
USD/CHF (Average: 2.3 pips) Not offered 2.3 pips 0.2 pips
USD/CAD (Average: 2.9 pips) Not offered 0.5 pips 0.3 pips
NZD/USD (Average: 3.6 pips) Not offered 2.8 pips 0.3 pips
EUR/GBP (Average: 2.4 pips) Not offered 0.5 pips 0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, FxGlobe’s minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with FxGlobe vs. similar brokers.

See all Spreads

How much does FxGlobe charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with FxGlobe at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $11.26. Here’s a rough breakdown of the fees and how this compares against IG & Forex.com .

FxGlobe IG Forex.com
Spread from: $ 7.00 $ 6.00 $ 10.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $ 7.00 $ 6.00 $ 10.00
$1 less $3 more
Visit FxGlobe Visit IG Visit Forex.com

All fees/prices are for informational purposes and are subject to change.

General Fees

  • FxGlobe doesn’t charge inactivity fees*
  • FxGlobe doesn’t charge withdrawal fees*

Commissions

  • FxGlobe does charge commission on CFD shares

What can you trade with FxGlobe?

FxGlobe offers over different instruments to trade, including over currency pairs. We’ve summarised all of the different types of instruments offered by FxGlobe below, along with the instruments offered by IG and Forex.com for comparison.

FX / Currencies FxGlobe IG Forex.com
# of forex pairs offered 90 80
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs FxGlobe IG Forex.com
# of commodities offered 34 12
Metals Yes Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Index & Stock CFDs FxGlobe IG Forex.com
# of Stocks offered 8000 220
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See FxGlobe's InstrumentsSee IG's InstrumentsSee Forex.com's Instruments

What’s the FxGlobe trading experience like?

1) Platforms and apps

FxGlobe offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

FxGlobe Screenshot

FxGlobe also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See FxGlobe 's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • ECN account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

FxGlobe allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As FxGlobe offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.

As a market maker, FxGlobe may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As a nice bonus, FxGlobe are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at ).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

FxGlobe also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders negative balance protection price alerts and much more. You can see all of the account features offered by FxGlobe here.

Finally, we’ve listed some of the popular funding methods that FxGlobe offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Neteller

3) Client support

FxGlobe support a wide range of languages including English, Spanish, Italian, French, Arabic, and Greek.

FxGlobe has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.

4) What you’ll need to open an account with FxGlobe

As FxGlobe is regulated by CySEC , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore FxGlobe’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FxGlobe you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.fxglobe.com/ on 01/10/2019.