FxGlobe Review 2020

FxGlobe Rated 3/5
learn more Learn more about eToro. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FxGlobe Guide

FxGlobe are an online broker founded in 2009 offering Forex trading.

FxGlobe are a global broker and have a head office in Cyprus.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of FxGlobe we break down the pros and cons. What FxGlobe are able to offer, what countries FxGlobe are available in. Who FxGlobe are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with FxGlobe

  • Regulated by: Cyprus Securities and Exchange Commission (CySEC)
  • Headquarters Country : Cyprus
  • Foundation year 2009
  • Min Deposit : 250
  • Used by over 10,000 traders
  • FxGlobe is not available in the following countries : US
Open FxGlobe's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to FxGlobe

With this review we hope to help you see if FxGlobe is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FxGlobe that will help you get off to a good start in the world of online trading.

FxGlobe Review Table of Contents

FxGlobe what you should know

FxGlobe offer one way to trade: Forex.

With FxGlobe you will need a minimum deposit of $250. You can sign up for a demo account to acquaint yourself with FxGlobe platform.

FxGlobe are able to accommodate various levels of traders whether you are experienced or a beginner.


Are FxGlobe safe?

When choosing a broker like FxGlobe the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2009, and in operation for 11 years FxGlobe have a head office in Cyprus.

FxGlobe is regulated. This means FxGlobe are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FxGlobe, this will be honored. If FxGlobe violate any regulatory rules their regulated status could be stripped.

Any payments funded to FxGlobe accounts by traders are held in a segregated bank account.

For added security FxGlobe use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with FxGlobe. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit FxGlobe

Your capital is at risk

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

Broker FxGlobe eToro XTB Pepperstone
Year Established 2009 2006 2002 2010
Head Office Cyprus Cyprus, UK Poland Australia
Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 12,000,000+ 250,000+ 10,000+
Negative balance protection Yes No Yes Yes
Guaranteed Stop Loss No No Yes No
Learn More Visit FxGlobe Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

FxGlobe Pros and Cons

What we like about FxGlobe

  • Used by over 10,000 traders
  • Established in 2009
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $250

What we don't like about FxGlobe

FxGlobe Financial Regulation and Supervision in more detail

We have checked and FxGlobe is regulated and supervised by reputable organisations. You are able to check every FxGlobe supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FxGlobe. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect FxGlobe traders and provide a safe trading environment.

FxGlobe is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as FxGlobe you should be sure they're legitimate online agent.

FxGlobe General Fees

  • FxGlobe doesn't charge withdrawal fees
  • FxGlobe doesn't charge inactivity fees
  • FxGlobe doesn't charge deposit fees
Broker FxGlobe eToro XTB Pepperstone
Min Deposit 250 200 0 200
Withdrawl Fees No Yes varies No
Inactivity Fees No Yes No Yes
Deposit Fees No No No No
CFD Commission Fees Yes No Yes Yes

FxGlobe Commissions

  • FxGlobe does charge commission on CFD instruments.

What can you trade with FxGlobe?

You can trade a wide variety of instruments with FxGlobe over 100 instruments infact.

If you are looking at trading currency pairs FxGlobe offer over 15 currency pairs.

Compare FxGlobe with eToro and XTB below.

Your capital is at risk

Broker FxGlobe eToro XTB Pepperstone
Instruments Available 100 100 1,500 100
Platforms MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit FxGlobe Visit eToro Visit XTB Visit Pepperstone
Forex pairs offered 15 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit FxGlobe Visit eToro Visit XTB Visit Pepperstone
Commodities Offered 0 0 21 16
Metals Yes Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes No
Indiced & Stock CFDs Visit FxGlobe Visit eToro Visit XTB Visit Pepperstone
Stocks Offered 957 1696 60
UK Shares Yes Yes Yes No
US Shares Yes Yes Yes No
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes No

Trading on FxGlobe web platforms and other applications

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

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

See FxGlobe's platforms

FxGlobe Trading benefits :

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

FxGlobe Trading Accounts Offered :

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

Can I try FxGlobe before I buy?

FxGlobe offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

FxGlobe withdrawl and funding methods.

FxGlobe offer the below funding payment methods. learn more about FxGlobe

  • Credit cards
  • Bank Transfer
  • Neteller
Broker FxGlobe eToro XTB Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with FxGlobe?

When opening a trading account with FxGlobe, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FxGlobe trading platforms here.

Performing trades with FxGlobe

FxGlobe allow you to execute a minimum of 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 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.

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.

FxGlobe Leverage and FxGlobe CFDs Explained

let's take a look at some of the basics of using FxGlobe leverage.

FxGlobe offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

FxGlobe leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the FxGlobe trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The FxGlobe leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

FxGlobe CFDs are typically used for short to medium term trades. For example FxGlobe intraday trading.

Limiting Your Risk When Trading with FxGlobe Negative Balance Protection

We should say something about negative balance protection with FxGlobe. When trading using leverage an adverse move could result in losing more than your trading account balance at FxGlobe. Your FxGlobe account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with FxGlobe Stop Loss, FxGlobe Stop Limit Orders

A stop-loss order is an order placed with a broker like FxGlobe to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at FxGlobe

To trade effectively with FxGlobe, it's important to get a have a good understanding of the FxGlobe trading tools and the markets.

FxGlobe offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with FxGlobe.

Take time to look around the FxGlobe platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at FxGlobe

FxGlobe support a wide range of languages including English, Spanish, Italian, FR, Arabic, Greek

FxGlobe have a triple AAA grade support rating because they offer a wide range of languages, live chat, email and phone support.

FxGlobe customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at FxGlobe

We tested the FxGlobe live chat and it works well. We sent messages to FxGlobe livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with FxGlobe support in multiple languages in multiple countries. FxGlobe where able to quickly resolve our customer issues.

Email Support at FxGlobe

We sent several emails to FxGlobe and answer times overall were excellent. The fastest response from FxGlobe was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with FxGlobe, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from FxGlobe.

Phone Support at FxGlobe

We called FxGlobe and the call was answered very quickly. The call was answered in less than 1 minutes.

The FxGlobe phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual FxGlobe team by calling in varying languages. FxGlobe made an effort to make sure our queries were answered.

Overall great phone support from FxGlobe.

See how FxGlobe Support Compares Against Other Brokers

Broker FxGlobe eToro XTB Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Italian, FR, Arabic, Greek English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit FxGlobe Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with FxGlobe

As FxGlobe is regulated by Cyprus Securities and Exchange Commission (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 12th August 2018.

Is FxGlobe A Good Broker?

We spent over 3 months examining FxGlobe in depth. Although we found some very useful aspects of the FxGlobe platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative FxGlobe broker.

  • FxGlobe have a good track record of offering Forex.
  • FxGlobe has a history of over 9 years.
  • FxGlobe has a reasonable sized customer support of at least 10.
  • FxGlobe are regulated by Cyprus Securities and Exchange Commission (CySEC). This means FxGlobe fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • FxGlobe have regulation from a Tier 1 reputable country.
  • FxGlobe has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • FxGlobe have an international presence in multiple countries. This includes local FxGlobe seminars and training.
  • FxGlobe are able to hire people from various locations in the world who can better communicate in your local language.

FxGlobe Risk Disclaimer

Your capital is at risk

FxGlobe not quite right?

Check out these FxGlobe Alternatives

We have spent years researching the best alternatives to FxGlobe. Click the links below to learn more.

If you feel some of the above FxGlobe are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of FxGlobe alternatives below.

Related FxGlobe Comparisons

If you would like to see how FxGlobe stands up against other brokers you can read some of our FxGlobe comparisons below. We compare side by side some of our top rated FxGlobe versus comparisons. Read some indepth FxGlobe VS pages below.

FXGLOBE Frequently Asked Questions

Can I try FxGlobe before I buy?

FxGlobe offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do FxGlobe accept?

FxGlobe offer the following funding payment methods accept Credit cards, Bank Transfers, Neteller, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is FxGlobe safe?

FxGlobe are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). Any payments funded to FxGlobe accounts by traders are held in a segregated bank account. For added security FxGlobe use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is FxGlobe trading good?

FxGlobe is considered good and reputable to trade with. FxGlobeFxGlobe is used by over FxGlobe active traders. FxGlobe offers Forex trading. Minimum deposit with FxGlobe is mindeposit.

Is FxGlobe trading Legit?

FxGlobe was founded in Cyprus in 2009. FxGlobe has been facilitating trade on the financial markets for over 11 years. FxGlobe offers clients Forex trading. All funds deposited to FxGlobe are held in segregated tier 1 bank accounts for security. FxGlobe is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is FxGlobe a good broker?

FxGlobe is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.FxGlobe allows Forex trading.

Is FxGlobe trustworthy broker?

FxGlobe can be considered trustworthy. All money funded to FxGlobe is placed into a segregated tier 1 bank account. this means your money in not held by FxGlobe directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also FxGlobe is regulated by Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for FxGlobe?

The minimum deposit to trade with FxGlobe is 250.

How long do FxGlobe withdrawals take?

Withdrawing money from FxGlobe processing time varies but averages 2-5 days.

Is FxGlobe regulated?

FxGlobe is regulated by Cyprus Securities and Exchange Commission (CySEC).

Is FxGlobe a market maker?

FxGlobe is a market maker. Stocks, currency and other commodities and instruments will be purchased by FxGlobe even if no buyer is lined up.

How can I start trading with FxGlobe?

When opening a trading account with FxGlobe, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FxGlobe trading platforms here.

Is my money safe with FxGlobe?

FxGlobe is regulated by Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like FxGlobe is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FxGlobe, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is FxGlobe a con?

FxGlobe is regulated and well established having been in business for over 11 years. FxGlobe is definitely not a con.

Can you make money with FxGlobe?

Although traders have had great success with FxGlobe. Trading on the financial markets with FxGlobe is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does FxGlobe have fees?

FxGlobe doesn't charge withdrawal fees. FxGlobe doesn't charge inactivity fees. FxGlobe doesn't charge deposit fees.

When was FxGlobe founded?

FxGlobe was founded in 2009.

How many people use FxGlobe?

FxGlobe is used by over 10000 registered traders.

What is FxGlobe Headquarters country?

FxGlobe has its head quarters office in Cyprus.

Does FxGlobe offer negative balance protection?

FxGlobe offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does FxGlobe offer guaranteed stop loss?

FxGlobe does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does FxGlobe allow scalping?

FxGlobe offers scalping.

Does FxGlobe allow hedging?

FxGlobe offers hedging.

Does FxGlobe offer CFD trading?

FxGlobe offers CFD trading.

Does FxGlobe offer STP?

FxGlobe offers STP trading.

How many people use FxGlobe?

FxGlobe is used by over 10000 traders.

Is FxGlobe an ECN broker?

FxGlobe offers ECN trading.

Does FxGlobe offer a demo account?

FxGlobe offers a demo account.

Does FxGlobe offer an Islamic account?

FxGlobe does not offer Islamic accounts.

What are the funding methods for FxGlobe?

FxGlobe accept the following funding methods : Credit cards, Neteller, Bank Transfer.

FxGlobe review written by Andrew Blumer and Mark Hansen

We hope you found our review of the FxGlobe brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

FxGlobe review written by Mark Hansen of Comparebrokers.co