Globex360 Review 2023: Is It A Scam? Research-backed Findings

Globex360 Review 2023: Is It A Scam? Research-backed Findings

Table of Contents

Globex360 is a global online trading platform, extensively popular among retail traders right now, but how good is this broker? Is it a scam or safe? – In this detailed Globex360 Review, we will go into detail about our experiences with this platform. 

To deliver the best judgment on the platform’s services, we have extensively tested the broker and its functions. What does Globex360 offer? – Find out in detail about the trading conditions, fees, product offerings and much more. 

Through this Globex360 review, we will also show you the step-by-step Globex360 sign-up process. And also, Should you trade with the broker? – Get detailed information now.

Globex360 Review 2023: Quick Guide

Official Websitehttps://globex360.co.za/
Establishment Year2017
HeadquartersSouth Africa
RegulationsFSCA
Minimum Deposit$100 for Standard; $50,000 for a VIP Account
Available Trading InstrumentsForex, CFDs on Indices, Commodities, cryptocurrencies, and stocks
Customer Support Helpline+27 11 568 3097
global 360 review

Global360 Review: 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. On the platform, traders 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 Scam Or Legit? 

Globex360 is a legitimate 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 been serving in the industry for over six years without a single scam-related complaint. 

Thirdly, unlike many other online platforms, the broker has 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 above-mentioned points clearly state one thing: Globex360 is a legit forex broker and is not a scam. 

Globex360 Review 2023: 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 clients’ funds in a segregated bank account, away from the company’s personal accounts, to ensure funds liquidity 24×7. 

And 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. 

Globex360 Review 2023: What Are The Available Trading Instruments?

The product offering of the platform is exceptional, as 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

  • 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 metal, financial, and agricultural 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
  • Deep liquidity
  • No re-quotes

Globex360 Review 2023: Available Account Types & Their Features

The platform offers three retail trading accounts, along with 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 2023. 

Review Of Globex360 Accounts & Their Features

Each Globex360 live account has its unique offering and additional features. The table below will help you understand the features of each account type more precisely: 

FeaturesStandard AccountECN AccountExpert Account
Minimum Deposit$100$5,000$5,000
Free Account ManagementAvailableAvailableAvailable
Leverage1:3001:300Customized 
Margin Stop Out Level30%30%30%
Max Order Size50 Lots50 Lots50 Lots
Automated Trading
AvailableAvailableAvailable
One on One Training with SpecialistN/AN/AAvailable
Lowest CommissionN/AN/A$8 per Lot
global 360 review

Globex360 Review 2023: Islamic Account

Unlike many forex brokers, Globex broker offers a swap-free Islamic account for traders of the Muslim faith. The account type is specially tailored to the needs of Islamic clients. 

Globex360 Demo Account

The demo account offered by the platform is absolutely free and comes with lifetime validity; that is where this broker shines. It lets you understand the platform and market conditions 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.

How To Open A Live Trading Account?

Below, we have listed the step-by-step guide on how to open an account on the Globex360 platform

  • First, click on the “Open An Account” button at the top right-hand corner of the Home Page.
  • You are required to fill in your personal details, including name, country of residence, email address, birth date, ID number, and will have to create a strong password. 
  • On the same application form, choose a trading account, preferred base currency, and leverage ratio.
  • Now, complete the verification process by uploading a scanned copy of government-issued identity documents. 
  • Once all the documents are verified, the account will be activated within one day.  

Globex360 Deposit & Withdrawal Methods

The broker supports hassle-free, fast deposits and withdrawals via bank transfers, card payments, and popular e-wallets. 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 payment 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 to raise a withdrawal request on 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. 

Globex360 Review 2023: Fees, Commission & Spreads

The worst part of using the Globex360 platform is that it charges both commissions and spreads. Additionally, the Globex360 fees seem to be higher than other similar brokers.

Here’s a detailed Globex360 Fee Structure:

Standard Account
AssetSpreadsCommission
Forex Majors100
Forex 1110
Forex 2110
Spot Metals300
Spot Energy730
US Shares030
Indices2000
Indices 25000
ECN Account
Forex Majors08
Forex 1010
Forex 2010
Spot Metals010
Spot Energy730
US Shares030
Indices2000
Indices 25000
Islamic Account
Forex Majors100
Forex 1110
Forex 2110
Spot Metals500
Spot Energy030
US Shares030
Indices4000
Indices 25000
global 360 review

Globex360 Review 2023: Maximum Leverage 

The platform offers maximum leverage of up to 1:400 to professional traders. 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 Review 2023: Our Take On Trading Platforms & User-experience

The website of the broker 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

MT4 Web-based Platform

Globex360 App

  • Virtual Hosting
  • Extensive price analysis
  • Hedging option systems
  • Advanced technical indicators 
  • Personalized AI trading assistant

How To Download Globex360 App?

You can easily download the Globex360 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 Play Store. Click to install the app.
  • Now, sign in to your client login account. 

Globex360 Review 2023: 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

Globes360 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 a Classic account and $3 per lot on ECN Pro and VIP accounts. However, a successful referral refers to when your contact places a trade on the platform. 

Globex360 Review 2023: Available Educational & Research Support

As per Globex360 review, the platform’s educational and research tool offering is exceptional, with dedicated sections – ‘Learn’ and ‘Tools.’

Also Read: Forex Factory Tools?

Educational Tools

  • FAQs
  • Knowledge base
  • Account Information
  • Spread Information
  • Globex360 live TV

Research Tools

  • Calculators
  • Economic Calendar

Globex Review 2023: 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:

Globex360 Reviews & Ratings

The platform has an average user rating of 3/5 stars on Trustpilot.

Globex360 Review 2023: Pros & Cons

ProsCons
Flexible deposit optionsThe withdrawal process is very slow
Multiple trade execution modesOnly provides MT4 trading platform
Generous bonuses
Extensive Range of Product Offering
Swap-free Islamic Account
global 360 review

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

FeaturesGlobex360InvestBy
RegulationFSCANBRB
Minimum Deposit$100$250
Fees/Spreads0.050.07
Leverage1:4001:200
Demo AccountYesYes
global 360 review

Globex360 vs ABInvesting

FeaturesGlobex360ABInvesting
RegulationFSCAFSC
Minimum Deposit$100$250
Fees/Spreads0.050.07
Leverage1:4001:500
Demo AccountYesYes
global 360 review

Globex360 vs InvestFW

FeaturesGlobex360InvestFW
RegulationFSCAFSA
Minimum Deposit$100$250
Fees/Spreads0.051 pip
Leverage1:4001:30
Demo AccountYesYes
global 360 review

Final Verdict On Globex360 Review 2023

With this conclusion, the analysis of the Globex360 review comes to an end. Now is the time for the verdict – 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 Globex360 Real Account Registration Process?

Here’s a step-by-step guide on how to open an account on the Globex360 platform. 

  • First, click on the “Open An Account” button at the top right-hand corner of the Home Page.
  • You are required to fill in your personal details, including name, country of residence, email address, birth date, ID number and you will have to create a strong password. 
  • On the same application form, choose a trading account, preferred base currency, and leverage ratio.
  • Now, complete the verification process by uploading a scanned copy of government-issued identity documents. 
  • Once all the documents are verified, the account will be activated within one day.  

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?

GlobeX360 is owned and operated by Globex360 (PTY) LTD, a company registered under the South African Financial Sector Conduct Authority (FSCA) regulations.

What Is the Globex360 Withdrawal Process?

Follow these steps to raise a withdrawal request on 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 African Rands

What Is Globex360 Minimum Deposit ZAR?

The minimum deposit on the platform is R1600 ZAR. 

How Much Is Globex360 Deposit Bonus?

Here’s a detailed overview of the Globex360 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 Globex360 spreads seem to be higher than other similar 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 that are best suited for both beginner and professional traders alike. The product offering is great, bonuses are generous and research support is exceptional. 

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 Globex360 to its forex traders. The platform offers a long list of advanced charting and research tools & indicators. 

How To Delete Globex360 Account?

The account deletion request is only processed by the customer support team. 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 a regulated online trading platform holding a license from South Africa’s top-tier financial regulator – the South African Financial Sector Conduct Authority (FSCA). 

Is Globex360 Legit?

Globex360 is a legitimate online trading platform, holding a regulatory license from South Africa’s top-tier financial regulator – the South African Financial Sector Conduct Authority (FSCA)

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