FXGlobe is the trading name used by the company, FXGlobe Ltd. Their main office is located in Cyprus and they are regulated by CySEC along with other regulatory bodies which include CONSOB, MFSA and more. However regulation does not stop a company from having questionable practices. If you are interested in registering with FXGlobe, take some time to read our FXGlobe scam review before making any decisions.
Leverage: 1:200 Licences: MFSA
Min. Deposit: 100 USD Bonus: N/A
Spreads: from 2 pips US Clients: No
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80.6% of retail CFD accounts lose money
FxGlobe currently offers a 30% deposit bonus. You can only receive this bonus if you make a minimum deposit of $250.
While a bonus is definitely a plus and appreciated by many traders, the required minimum deposit is rather high especially for beginner traders. On top of that, the terms and conditions makes this bonus difficult to fully utilize.
The FXGlobe deposit bonus is not as attractive as they would like it to seem.
In addition to their deposit bonus, FXGlobe also offers has a Refer a Friend program where they claim you can earn up to $800 real cash if you refer a friend. However be aware of the terms and conditions of this program which, like their bonus, comes with a host of strict terms.
FXGlobe Customer Support Review
The FXGlobe scam, which is what this broker should be called, has a number of suspicious practices when it concerns the treatment of their clients and their clients’ money.
On their website, FXGlobe has several different ways to get in touch with them, these include:
- Office Visits
However, from our research, we see that the problem with FXGlobe is not getting in touch with them but rather the communication itself.
This especially becomes a problem after clients have registered and deposited their funds. From the other FXGlobe reviews we have seen, this typically goes one of two ways, either the client cannot get in contact with a customer service agent after they have made their deposit or they can but once they have made a profit trading, they are unable to withdraw their funds.
Another problem many people seem to be having is that customer support never answers their questions directly especially when asked about withdrawals. Numerous of FXGlobe’s present and past clients have complained about customer agents being evasive.
This is not the way legitimate brokers handle business or treat their clients.
Continue to read our FXGlobe safety review to find out more about this suspicious company.
FXGlobe’s account options are very limited in comparison to other brokers.There are currently two account types available and these are:
- ECN Pro
The Standard account carries with it a No Dealing Desk Execution and a $250 minimum deposit. The max leverage is 200:1 which is higher than that of the ECN Pro account which has a max leverage of 100:1. The Standard account also offers spreads starting from 1.7. Luckily EA’s are allowed as well as hedging, news trading and scalping just like the ECN Pro.
Where these two accounts really differ is the minimum deposit because the ECN Pro is $25,000 along with 0 pips.
The minimum deposits for both of these accounts are high and the limited choice alienates a number of traders. A FXGlobe login is honestly not worth it.
FXGlobe Review of Platforms
FXGlobe currently offers their clients access to the widely popular MT4 platform along with a WebTrader and mobile trading apps.
The variety is good; we give FXGlobe a plus for that but the actual platforms on the other hand need work.
We are familiar with the power and speed of the MT4 platform so when we used it with FXGlobe, we were surprised how poorly it performed. Positions closed out earlier than they should have and on top of that, certain key tools were missing which robbed us of the true MT4 experience.
FXGlobe claims to offer a variety of assets which should include forex, indices, commodities and CFD’s but the options we got access to was considerably less that promised.
There also seems to be no redemption in regards to the WebTrader or mobile apps.
The mobile apps were riddled with so many bugs, that they constantly froze and crashed.
The WebTrader was also sorely lacking, leaving us missing the robustness of the MT4 platform which we experienced with other brokers.
Thank you for taking the time to read our review. In our opinion, FXGlobe legit is not something we can say without any doubts. Their poor treatment of their clients and questionable practices are enough of a warning sign for you to stay away from this broker.
80.6% of retail CFD accounts lose money