Globex360 is an online trading platform that has been struggling to make a mark in the trading industry since its inception in 2017. Does this struggle conclude it is a failed broker? Or raises red flags over its legitimacy?– In this Globex360 Review, we will go into detail about our experiences with this platform.
We have extensively tested the broker and its functions to deliver the best judgment on the platform’s services. Also, find out in detail about the trading conditions, fees, product offerings, etc.
Through this Globex360 review, we will also show you the step-by-step Globex360 sign-up process. And also, if you should trade with the broker or not?
Globex360 Review 2024: Quick Guide
| Official Website | https://globex360.co.za/ |
| Establishment Year | 2017 |
| Headquarters | South Africa |
| Regulations | FSCA |
| Minimum Deposit | $100 for Standard; $50,000 for a VIP Account |
| Customer Support Helpline | +27 11 568 3097 |
What Is Globex360?
Globex360 is a South African brokerage platform launched in 2017 by Globex360 (PTY) LTD, a company registered under the South African Financial Sector Conduct Authority (FSCA) regulations.
With services available globally, the platform primarily focuses on traders from the African continent. The platform users have access to online trading services for Forex and CFDs on stocks, indices, cryptocurrencies, and commodities.
In addition, the broker is registered with the Companies and Intellectual Property Commission (CIPC) and was named ‘Fastest Growing Forex Broker and Most Innovative Broker’ by the International Business Magazine in 2020. Let’s have a look at the platform’s legitimacy and safety.
Is Globex360 a Scam Or Legit?
Globex360 is a legit online trading platform holding a regulatory license from South Africa’s top-tier financial regulator – the South African Financial Sector Conduct Authority (FSCA).
Additionally, the platform has served the industry for over six years without a single scam-related complaint and offers Negative balance protection.
Thirdly, unlike many other online platforms, the broker has a physical existence and holds its headquarters at the 3rd Floor Sandton Office towers, 158 5th St, Sandton, 2196, South Africa.
As per our findings from this detailed Globex360 review, all these points mentioned above clearly state that Globex 360 is a legit forex broker and is not a scam.
Top Security Features To Consider
The platform claims to use a secured Matching Engine Technology to ensure safety and liquidity at all times. The features also ensure the best execution and lowest latency.
As a member of FSCA, the broker keeps client funds in segregated accounts away from the company’s funds, away from the company’s personal accounts, to ensure funds liquidity 24×7.
During our analysis for Globex360 review, we found all these security claims made by the platform true, thus, making it one of the safest forex and CFD brokers.
Available Trading Instruments At Globex360
The platform’s product offering is exceptional, per our Globex360 Review. All major markets, including Forex, Commodities, Stocks and Indices, are available for trading. However, the unavailability of Crypto trading is where the platform lacks.
Let’s take a look at available trading instruments:
Forex Market
- Over 50 spot Forex CFDs
- Leverage Up to 1:500
- Ultra-fast Execution
- No re-quotes
- Deep liquidity
Commodities
- 6+ market sectors, including the energy, industrial, precious metals, financial, and agricultural sectors available
- Leverage Up to 1:500
- Attractive spreads and margin
- Deep liquidity
- No re-quotes
Stocks
- All major global stocks available
- Deep liquidity
- No re-quotes
- 24×7 Availability
Indices
- 20+ Global Indices Available
- Leverage Up to 1:500
- Attractive spreads and margin trading requirement
- Deep liquidity
- No re-quotes
Globex360 Fees, Commission & Spreads
The worst part of using the platform is that it charges both commissions and spreads. Additionally, there are non-trading fees like inactivity and withdrawal fees.
However, the spread charges for standard and professional accounts are comparatively lower. Overall trading costs of Globex360 seem to be higher than other forex brokers.
Here’s a detailed Globex 360 Fee Structure:
| Standard Account | ||
| Asset | Spreads | Commission |
| Forex Majors | 10 | 0 |
| Forex 1 | 11 | 0 |
| Forex 2 | 11 | 0 |
| Spot Metals | 30 | 0 |
| Spot Energy | 7 | 30 |
| US Shares | 0 | 30 |
| Indices | 200 | 0 |
| Indices 2 | 500 | 0 |
| ECN Accounts | ||
| Forex Majors | 0 | 8 |
| Forex 1 | 0 | 10 |
| Forex 2 | 0 | 10 |
| Spot Metals | 0 | 10 |
| Spot Energy | 7 | 30 |
| US Shares | 0 | 30 |
| Indices | 200 | 0 |
| Indices 2 | 500 | 0 |
| Islamic Account | ||
| Forex Majors | 10 | 0 |
| Forex 1 | 11 | 0 |
| Forex 2 | 11 | 0 |
| Spot Metals | 50 | 0 |
| Spot Energy | 0 | 30 |
| US Shares | 0 | 30 |
| Indices | 400 | 0 |
| Indices 2 | 500 | 0 |
Maximum Leverage & Margin Requirements
Globex360 offers maximum leverage of up to 1:400 to institutional clients. However, you’ll need to opt for an expert account while creating an account. Meanwhile, the minimum leverage available is set at 1:100.
Globex360 Trading Platforms & User-experience
The Globex360 website seems flawless, with easy-to-navigate functions. Everything was well structured, and the click response was exceptional.
For trading, the broker offers an advanced MT4 platform that can be accessed via Desktop and Smartphones. You can download the Globex360 MT4 app from Apple’s App Store and Google’s Play Store.
MT4 Web-based Platform
- Extensive price analysis
- Fundamental & technical analysis
- Algorithmic trading
Globex 360 App
- Virtual Hosting
- Extensive price analysis
- Hedging option systems
- Advanced technical indicators & trading strategies
- Personalized AI trading assistant
How To Download the Globex360 App?
You can easily download the Globex 360 MT4 app by following these simple steps:
For Web
- Visit the official homepage and click on the ‘Download MT4’ icon.
- Now, tap on the ‘Download For Windows’ icon.
- Following that, run the .exe file to install the app.
- Login to your account using the credentials.
Mobile App
- Go to the official homepage and click on the MT4 for iOS or Android icon from the slide bar.
- Following that, you will be redirected to the Play Store. Click to install the app.
- Now, sign in to your client login account.
Globex360 Review 2024: Pros & Cons
| Pros | Cons |
| Instant deposit options | The withdrawal process is very slow |
| Multiple trade execution modes | Only provides MT4 trading platform |
| Generous bonuses | No Access to trade stocks for Islamic accounts |
| Extensive Range of Product Offering | |
| Swap-free Islamic Accounts | |
| Negative Balance Protection Available | |
| Segregated Account for Clients Funds | |
| Automatic Trading |
Globex360 Account Types Comparison
The platform offers three retail trading accounts, along with a business referrers account for Affiliates and an Islamic & free demo account. Overall, the broker’s account offering is considerable, as per our findings from this Globex360 review 2024.
Each Globex360 live account has its unique offering and additional features. At the same time, a multiple trading accounts function allows the transfer of funds from one account to another. The table below will help you understand the features of each account type more precisely:
| Features | Standard Account | ECN Account | Expert Account |
| Minimum Deposit | $100 | $5,000 | $5,000 |
| Free Account Management | Available | Available | Available |
| Leverage | 1:300 | 1:300 | Customized |
| Margin Stop-Out Level | 30% | 30% | 30% |
| Max Order Size | 50 Lots | 50 Lots | 50 Lots |
| Automated Trading | Available | Available | Available |
| One on One Training with Specialist | N/A | N/A | Available |
| Lowest Commission | N/A | N/A | $8 per Lot |
Islamic Account
Unlike many forex brokers, Globex broker offers a swap-free Islamic account for Muslim traders. The account type is specially tailored to the needs of Islamic traders.
Globex360 Demo Account
The platform’s demo account is free and comes with lifetime validity; that is where this broker shines. It lets you understand the platform and financial market condition with zero risk of losing money.
Globex360 Registration: How To Open A Live Trading Account?
While signing up on the platform, we had a great experience, The process is fully digital, and accounts are often activated in a day.
Below, we have listed the step-by-step guide on how to open an account on the Globex360 platform.
- STEP1: Click on the “Open An Account” button at the top right-hand corner of the Home Page.
- STEP 2: You must fill in your personal details, including name, country of residence, email address, birth date, and ID number, and you will have to create a strong password.
- STEP 3: Choose between a live or demo account, preferred base currency, and leverage ratio on the same registration form.
- STEP 4: Complete the verification process by uploading a scanned copy of government-issued identity documents.
- STEP 5: Once all the documents are verified, the account will be activated within one day.
- STEP 6: You can fund your account to start trading forex on the platform.
Globex360 Deposit & Withdrawal Methods
The broker supports hassle-free, fast deposits and withdrawals via bank transfers, card payments, popular e-wallets and further payment options. However, some of the below-listed payment methods may incur fees. Additionally, there is a withdrawal limit and requesting a withdrawal below the limit will attract a fee.
Here’s a list of all available funding methods:
- PAYGATE
- VISA
- MASTERCARD
How To Deposit Funds In Globex360 Account?
To deposit money into your account, follow these simple steps:
- Sign in with Globex360 Client login credentials.
- Choose your preferred funding method and enter the amount.
- Click on ‘Continue,’ and your amount will be reflected in your account in a few minutes. The Globex360 minimum deposit is $100.
How To Withdraw Money From Globex360 Account?
Follow these steps for withdrawing funds:
- Log in to your Client Area.
- Fill in the respective withdrawal form.
- Select your preferred payment methods and click on continue. Your request will be processed in 1-2 business days.
Globex360 Bonuses & Offers
The platform is currently running a cashback offer for all users. For every trade they place on the platform, traders will get a cashback of up to $2. Here’s an overview of the Globex360 bonus:
- Gold – 1 Standard Lot = $0.5
- FX Majors – 1 Standard Lot = $2
- Indices- 1 Standard Lot = $0.50
Globex360 Affiliate Program
The affiliate program offered by the platform seems quite impressive. For every successful referral, you can earn up to $7 per lot on traditional accounts (Classic) and $3 per lot on a professional account. However, a successful referral is when your contact trades on the platform.
Globex360 Educational & Research Support
As per Globex360 review, the platform’s educational and research tool offering is exceptional, with dedicated sections – ‘Learn’ and ‘Tools.’
Educational Tools
- FAQs
- Knowledge base
- Account Information
- Spread Information
- Globex360 live TV
Research Tools
- Trading Calculators
- Economic Calendar
- Advanced trading tools & indicators
Globex360 Customer Support
The customer support system of the platform is available 24×5; however, it should extend services to 24×7, in our opinion. Overall, the support team is highly responsive and comes with accurate answers to traders’ queries.
There are two ways to contact Globex360 customer support:
- Email: [email protected]
- Phone: +27 10 009 0512
Globex360 Reviews & Ratings
The platform has an average user rating of 3/5 stars on Trustpilot.
Globex360 Alternatives
After reading this unbiased Globex360 review, if you still think the broker’s services are not up to the mark. Here’s a list of available alternatives and a comparison of their features with Globex360.
Globex360 vs InvestBy ABInvesting Investfw
| Features | Globex 360 | InvestBy | ABInvesting | Invest FW |
| Regulation | FSCA | NBRB | FSC | FSA |
| Minimum Deposit | $100 | $250 | $250 | $200 |
| Fees/Spreads | 0.05 | 0.07 | 0.07 | 1 PIP |
| Leverage | 1:400 | 1:200 | 1:500 | 1:30 |
| Demo Account | Yes | Yes | Yes | Yes |
Globex 360 vs ABInvesting
| Features | Globex 360 | ABInvesting |
| Regulation | FSCA | FSC |
| Minimum Deposit | $100 | $250 |
| Fees/Spreads | 0.05 | 0.07 |
| Leverage | 1:400 | 1:500 |
| Demo Account | Yes | Yes |
Globex 360 vs InvestFW
| Features | Globex 360 | InvestFW |
| Regulation | FSCA | FSA |
| Minimum Deposit | $100 | $250 |
| Fees/Spreads | 0.05 | 1 pip |
| Leverage | 1:400 | 1:30 |
| Demo Account | Yes | Yes |
Final Verdict On Globex360 Review 2024
With this conclusion, the analysis of the Globex360 review 2024 comes to an end. The platform offers plenty of services that are best suited for both beginner and professional traders alike. The product offering is great, bonuses are generous and research support is exceptional.
However, some drawbacks, including limited customer support and the unavailability of crypto trading, may encourage you to move to a more secure and complete trading platform like InvestFW.
FAQs
What Is the Globex360 Real Account Registration Process?
As trading CFDs is highly risky, it is important to understand the risks involved and seek independent advice before opening an account with this provider. Here’s a step-by-step guide on how to open an account on the Globex 360 platform.
- STEP 1. Click on the “Open An Account” button at the top right-hand corner of the Home Page.
- STEP 2. You must fill in your personal details, including name, country of residence, email address, birth date, and ID number, and you will have to create a strong password.
- STEP 3. Choose a trading account, preferred base currency, and leverage ratio on the same application form.
- STEP 4. Complete the verification process by uploading a scanned copy of government-issued identity documents.
- STEP 5. Once all the documents are verified, the account will be activated within one day.
- STEP 6. You can fund your account to start trading on the platform.
How Does Globex360 Login MT4 Work?
Sign in to your account, click on the client area and enter the login credentials. You will be logged in to your account.
Who Is Globex360 Owner?
Globex 360 is owned and operated by Globex360 (PTY) LTD, a company registered under the South Africa Financial Sector Conduct Authority (FSCA) regulations.
What Is the Globex 360 Withdrawal Process?
Follow these steps to withdraw funds from the platform:
- Log in to your Client Area.
- Fill in the respective withdrawal form.
- Select your preferred payment methods and click on continue. Your request will be processed in 1-2 business days.
What Is Globex360 Minimum Deposit In Rands?
The minimum deposit on the platform is 1800 South Africa Rands.
What Is Globex 360 Minimum Deposit ZAR?
The minimum initial deposit on the platform is R1600 ZAR.
How Much Is Globex360 Deposit Bonus?
Here’s a detailed overview of the Globex 360 deposit bonus;
- Gold – 1 Standard Lot = $0.5
- FX Majors – 1 Standard Lot = $2
- Indices- 1 Standard Lot = $0.50
Is GlobeX360 Spread High?
Yes, the Globex 360 Forex spreads seem to be higher than other brokers, with it going to 10 pips in some cases.
Is Globex360 Available In All Countries?
No, the platform is limited to some specific countries only. The restricted countries include the US, UK and Belgium.
What Are Globex360 Deposit Methods?
Here’s a list of all available payment methods:
- PAYGATE
- VISA
- MASTERCARD
What Is The Globex360 Review?
The platform offers plenty of services best suited for both beginner and professional traders. The product offering is great, bonuses are generous and research support is exceptional. However, inexperienced traders are advised to be extra cautious while trading CFDs with this provider.
What Are Globex360’s Deposit Options?
Here’s a list of all available payment methods:
- PAYGATE
- VISA
- MASTERCARD
What Is Globex360 MT4 Terminal?
It is an advanced trading platform offered by Globex 360 to its forex traders. The platform offers a long list of advanced charting, research tools & indicators.
How To Delete Globex360 Account?
The customer support team only processes the account deletion request. You can’t manually disable your account. Contact customer support to raise a request for account deletion and provide them with your username.
Is Globex360 Regulated?
Globex360 is an authorised financial services provider holding a license from South Africa’s top-tier financial regulator – the South African Financial Sector Conduct Authority (FSCA).
Is Globex360 Legit?
It is a legit online trading platform, holding a regulatory license from South Africa’s top-tier financial regulator – the South African Financial Sector Conduct Authority (FSCA).
