Fxglobe Broker

FXGlobe is a regulated online Forex and CFD broker that provides its clients worldwide with services for trading in global financial markets. Since 2013, the company has been striving to provide its customers with the best prices for FX, CFD and products. The managed company is FXGlobe LTD, headquartered in Limassol, Cyprus and regulated by CySEC. The broker has a wide selection of asset categories for trading.

FXGlobe offers three different accounts, standard, Pro and ECN Razor; each of the accounts has its own requirements and offers various trading conditions and tools:

Standard – the required minimum deposit is at least $ 250, the minimum transaction size starts with a micro lot (0.01), spreads start with 1.2 pips, these are not fixed spreads, so they can be less or more, this account gives the client access to customer support, however, there is no account manager, as in accounts above levels.

Pro – on this account, the minimum deposit requirement increases, in the amount of $ 1,000, this allows the client to reduce spreads starting from 1.2 pips, as for a standard account, however, since the broker does not have fixed spreads, at some points, this account can give you a spread lower than the standard.

ECN Razor – the highest level account, minimum deposit requirement of at least $ 2,000. Spreads start with 0.4 pips, and in addition to this account, a client has a special manager for working with clients.

The maximum leverage that FXGlobe offers for its clients is 1: 300; it can be used on any of the accounts. When opening an account, the client can choose the amount of leverage.

The spreads you receive with FXGlobe depend on the account you use and the instrument you are trading. A standard account has a spread starting at 1.6 pips, but they are variable, so they fluctuate depending on the markets and can often be seen above. The professional account starts with a mark of 1 point, but again it fluctuates, so it can be seen above.

Finally, the ECN Razor account starts at 0.4 points but may increase with market movement. On all accounts, some currency pairs, of course, have higher spreads, so they can be seen much higher than the initial spread numbers.

Traders familiar with the MT4 trading platform will be able to easily access their trading accounts with FXGlobe, as it offers access to trading accounts through the MT4 trading terminal.

MT4 is available in various versions, and customers can trade in the markets using a special trading platform for computers, WebTrader and FXGlobe mobile applications for iOS and Android operating systems. Unfortunately, the broker does not provide access to any other third-party trading platforms, which can be considered as a small setback for a company that has a reliable set of trading accounts and a stable trading environment.

FXGlobe has relatively higher minimum capital requirements for accounts, which are associated with high commissions and spreads. However, the broker offers a reliable Forex trading account, which is protected by CySEC regulation.

Since 2013, FXGlobe has been providing both retail and institutional clients a full service online brokerage featuring forex trading, Contracts for Difference, as well trading in indices and commodities like crude oil, silver and gold. The company has its headquarters in Nicosia, Cyprus, and its official website is located at www.fxglobe.com.

As far as regulation is concerned, FXGlobe is a Registered Company in the Republic of Cyprus with a registration number of HW 254133. The company is regulated by the Cyprus Securities and Exchange Commission or CySEC under the registration number: #205/13. CySEC is an independent agency of the Cypriot government that regulates and audits financial institutions such as online forex brokerages. One of the requisites for complying with CySEC is complete honesty and transparency in all dealings and transactions the company is involved in. FXGlobe is also a member of the Investor Compensation Fund for Cyprus Investment Firms and Other Investment Firms that are not credit institutions.

In addition, FXGlobe conforms to the European Union’s Markets in Financial Instruments Directive 2004/39/EC or MiFID. The directive is enforced in the 31 member states of the European Economic Area and provides a regulation framework for investment services firms. The principal goal of the MiFID is to both protect consumers and to increase competition for businesses that provide investment services.

FXGlobe has branched out in the past few years and now offers an extensive forex partners program. The program implements a high commission plan for forex affiliates and forex introducing brokers.