FXGlobe Bitcoin Trading
What you SHOULD know about this Forex Broker
FXGlobe Information
FXGlobe was founded in 2008 but only started to offer it services online in the retail market around 2010. Then in 2013 it became a licensed Brokerage under the supervision of Cysec.
Regulation
FXGlobe Limited is a Registered Company in the Republic of Cyprus with Registration Number HE 254133 and is Authorized and Regulated by the Cyprus Securities and Exchange Commission (CySEC), the Regulatory Authority of the Republic of Cyprus, License Number 205/13. FXGlobe 7 Omirou Street, 2nd Floor, Limassol 3095, Cyprus Phone: 357-25870060.
For those that have been around in this industry, it should mean something, a regulated broker simply cannot make as many mistakes as unregulated brokers. But a shown it took some time to get the regulation and you are only able to get this as an already operating broker if the books are in order the service and compliance requirements were met according to regulation standards even if they at that time did as yet not have the regulation.
For most brokers, it has proven impossible to obtain regulation after a few years of already being in the market. It is most of the time simpler and cheaper to just open a new brand. The fact that did not do this and did not have to do this shows that they were serious from the get-go.
FXGlobe Cryptocurrency Trading
FXGlobe has partnered with a few top Crypto Exchanges and Liquidity Providers to bring you Crypto trading directly to their MT4. And their (especially for cryptocurrency Trading) designed webtrader
you can trade Cryptocurrencies and take advantage of the market without every owning a wallet or exchanging your Fiat currency into a digital asset.
Trading Cryptocurrency features:
- No hidden commissions, very competitive spreads
- Easy deposit/withdrawal
- Take full advantage of the cryptocurrency market
- No need for a wallet or Fiat to Crypto exchanges
- Bitcoin, Ethereum, Litecoin
FXGlobe Trading Conditions
- Free trading signals to your phone
- Low minimum deposit of $ 250
- 300+ tradable instruments
- Spreads from 0.0 pips
- No dealing desk execution, slippage or delays
FXGlobe User Experience
The market requires that the brokers are intuitive, fast and accessible, these are also keywords that describe FXglobe
- 24/5 customer service
- Instant execution of trades
- Fast withdrawals of funds
- Multi-language support
- Easy-to-use (intuitive) platforms
- Learning academy & education centre
- Daily news & analysis
- Expert risk analysis
FXGlobe Creditability
Traders need to have peace of mind when they plan to start trading.
- Regulated by CySEC Cyprus Securities and Exchange Commission
- Member of CIFs (Investor Compensation Fund for Customers of Cyprus Investment Firms)
- Member of MiFID (Markets in Financial Instruments Directive)
- Segregated trading accounts
- Customized technology & tools for better risk management
FXGlobe Trading Platforms
FXGlobe offers like most brokers today the Metatrader 4 trading platform from metaquotes
It Offers customization options to make it more your own. (including custom EA creation), powerful analytical tool packages with free market analysis, proficient EAs and multiple trading instruments.
FXGlobe designed and build their own FXGlobe mobile application, which can be downloaded for free. Today more people are trading on their mobile than actually on their desktop so this has become an important feature.
Since mobile trading surpassed desktop trading, all brokers include a mobile app that is as good as the desktop version allowing real-time streaming and one-click executions.
FXGlobe Account Types
FXGlobe offers CFDs, Forex, Cryptocurrency, commodities, and ECN services.
They offer 3 different accounts but the only difference is the spread, the account manager dedicated or not is for most traders not that much of an issue, the spread is. so this in my opinion could have been better, since they have a signal service and additional services they could have been more creative when it comes to the accounts or just given up on the different account system altogether.
| Standard | Pro | ECN Razor | |
| Execution Type | No Dealing Desk | No Dealing Desk | No Dealing Desk |
| Minimum Trade Size | 1,000 (0.01) | 1,000 (0.01) | 1,000 (0.01) |
| Commissions | No | No | Yes |
| Spreads starting from | 1.7 | 0.8 | 0.3 |
| Requotes | No | No | No |
| EA’s allowed | Yes | Yes | Yes |
| Scalping | Yes | Yes | Yes |
| Hedging | Yes | Yes | Yes |
| News Trading | Yes | Yes | Yes |
| Restrictions | No | No | No |
| Decimal Pricing | Fractional | Fractional | Fractional |
| Account manager | Customer support | Account Manager | Dedicated Account Manager |
| Minimum Deposit | 250 $ | 1,000 $ | 2,000 $ |
Funding Options available with FXGlobe
One of the biggest concerns of traders is that the money transfers run smooth fast and cheap.
.the total range of services offered here could be better and larger but the most important ones are included.
You can deposit and withdraw via wire transfer, credit cards, and a number of e-wallets like Skrill.
FXGlobe Customer Support
The broker includes the usual contact forms, e.g. e-mail, a request form on their website, live chat, and phone.
we did not really know needed the support till now so I cannot comment that much on it but they are available
ALTOGETHER THIS IS A GOOD BROKER TO TRADE BITCOIN, ETHEREUM, LITECOIN, FOREX, AND COMMODITIES, USE FOR TRADING SIGNALS AND IF YOU ONLY WANT TO TRADE ON THE METATRADER 4
What’s FXGlobe?
FXGlobe is a regulated, international forex broker. We offer trading services in currencies, commodities, stocks and indices.
How do I begin to tradewith FXGlobal?
You firstly need to register on our website. The registration process is pretty straightforward.
What are the options for trading?
With FXGlobe you can trade various financial instruments such as currencies, shares, commodities and indices
Are there any trading promotions I can use?
FXGlobe offers a number of different promotions to its clients, including promotions to those who want to learn forex, use trading signals, and so on.
What do I need to do in order to open a live forex account?
In order to open a live account, simply register, provide us with the relevant documentation and fund your account.
What documents do I need to open an account?
You will be asked to submit your documentation during the registration process:
– A copy of your passport/ID, including your photo in color showing; full name, date of birth, passport/ID expiration date and passport/ID number.
– A utility bill showing your full name and full address.
– A copy of your credit card with only the last 4 digits showing, clearly stating your full name and the card expiration date.
Can I open several accounts?
Yes, you can open a number of accounts.
The Review
FX Globe
FXGlobe is a premium Brokerage that offers it trading service to the retail traders around the world. fully regulated and with the Metatrader 4 Trading platform as well as their own Mobile trading application they are becoming a bigger player on the forex industry
PROS
- Regulated brokerage firm
- Variety of account funding options
- MT4 trading platform
CONS
- No USA clients allowed
- Lack of traders educational materials
- No daily market analysis
- No social trading platform
- No live chat on the website
- Market Maker
