Globex360 bonus
Globex360 presents a drawing contest in four categories of bronze, silver, gold, and platinum with different prizes for each categories.
New forex bonuses
Giveaways promotion, macbook air – globex360
Globex360 presents a drawing contest in four categories of bronze, silver, gold, and platinum with different prizes for each categories. Win apple watch, macbook, smart TV to luxury holiday. All it is required to deposit accordingly to the category of your choice and take part in the draw.
Win giveaway prizes 2021
Joining link: competition
Contest’s time:
- Start –december 08, 2020
- End – january 31, 2021
- Registration – until january 31, 2021
Offer is applicable: all clients
How to apply:
- Register for the contest
- Make a minimum deposit of $100 USD
- Take part in the campaign
To win: fund and make maximum volume on your group to win a cash prize
Deposit: cash listed below
- Deposit from $100 to $500 USD + 15 lots – bronze group
- Deposit from $501 to $2,000 USD + 30 lots – silver group
- Deposit from $2,001 to $5,000 USD + 50 lots – gold group
- Deposit $5,001 USD + 75 lots – platinum group
- Win one of the four apple/android watches – bronze group
- Win one of the three macbook air – silver group
- Win one of the two samsung 55” QLED screens – gold group
- All expenses paid holiday for two in cape town (or a destination of equivalent value) (1 x winner) – platinum group
Terms & conditions – globex360 promotion 2021
The winners will be chosen randomly in a draw.
Globex360 REVIEW 2020
Globex360 summary
Globex360 is an online trading provider that was founded in 2017, with a primary focus on the continent of africa.
Throughout the span of two years, it has become one of the leading online brokerage firms that accept clients from all over the world. Globex360 has a global presence in various geographical areas that allows them to offer their clients quality services and technical support.
Globex360 has financial partners that are based in south africa, kenya, botswana, nigeria, chile, and australia; they also registered with the companies and intellectual property commission in south africa.
This globex360 review is an in-depth analysis of everything there is to know about this forex trading services provider and what it has to offer.
Who is the founder and owner of globex360?
Global exchange 360 or globex360 for short, takes great pride in being the first black woman-owned forex broker in the world.
The broker was founded by nombuso mkhulise, who is considered to be one of the most accomplished women in the financial sector and the only black woman to own a brokerage firm. The down to earth founder and chief executive officer was born in diepkloof (soweto), johannesburg, with her grandmother after losing her mother at the very young age of 10. She has completed her civil engineering studies at the deutsche schule johannesburg (DSJ) with a bursary, thanks to her great academic achievements. She considers herself to be a seasoned CEO and that her company is ready to serve clients from all around the globe, hence the name “globex – global exchange.”
Mkhulise aims to challenge the status quo and invites more women to venture into what was considered a boys club for so long, in order to gain financial freedom.
| Globex 360 main features | |
|---|---|
| established in: 2017 | headquarters: johannesburg |
| regulations: FSP under license no 50130 | country of regulation: south africa |
| minimum deposit: $25 | platforms: MT4, socialcopy trade |
| demo account available: yes | leverage: up to 1:500 |
| withdrawal fee amount: 0$ | inactivity fee: yes |
- Variety of trading instruments
- Different types of trading accounts, according to traders’ experience
- Regulated by the financial sector conduct authority in south africa, also known as (FSCA)
- In accordance to the financial intelligence and anti-money laundering act 2002 (FIAMLA 2002), the prevention of corruption act 2002 (POCA 2002) and the prevention of terrorism act 2002 (POTA 2002)
- Only provides MT4 trading platform
- Does not accept clients from the US, canada and belgium
- Withdrawal process is very very slow
- Does not provide negative balance protection
Safety and regulation
Globex360 is regulated by the financial sector conduct authority in south africa, also known as (FSCA). They are also obligated to follow the guidelines of the financial intelligence and anti-money laundering act 2002 (FIAMLA 2002), as well as the prevention of corruption act 2002 (POCA 2002) and the prevention of terrorism act 2002 (POTA 2002).
Globex360 (PTY)LTD is authorized by the FSP under license no 50130; globex360 is the brand name of GLOBEX wealth GROUP LTD, registered under the financial sector conduct authority (FSCA) in south africa.
Globex360 is registered and regulated by the financial body in south africa, which is one of the most prominent areas for financial and monetary regulations of trading application services.
Globex360 keeps client funds in segregated accounts to keep from merging the funds of clients to those of the corporation. The segregated accounts show the high level of transparency and concern of the company towards the client’s funds and personal information.
Globex360 is in compliance, with the financial intelligence and anti-money laundering act 2002 (FIAMLA 2002), the prevention of corruption act 2002 (POCA 2002) and the prevention of terrorism act 2002 (POTA 2002). These acts are in place to avoid any illegal and unlawful activity that could occur within the company, ensuring that the clients are safe from being exposed from the aforementioned criminal acts.
- Regulated by the financial sector conduct authority in south africa, also known as (FSCA)
- In accordance to the financial intelligence and anti-money laundering act 2002 (FIAMLA 2002), the prevention of corruption act 2002 (POCA 2002) and the prevention of terrorism act 2002 (POTA 2002)
- Client funds stored in segregated accounts
- Does not provide negative balance protection
- Does not provide investor protection
Globex360 fees
You do not have to worry about deposit fees and withdrawal fees, because there are none.
The minimum deposit for the basic account is 100USD and the standard account is 500USD, while the minimum deposit for the professionalvip account is 5000USD; this is also considered relatively low.
| Deposit and withdrawal fees | ||||
|---|---|---|---|---|
| deposit fee | 0USD | |||
| withdrawal fee | 0USD | |||
| inactivity fee | 5USD | |||
| account fee | 0USD | |||
| globex360 fees vs. Competitor fees | ||||
|---|---|---|---|---|
| globex360 | octafx | avatrade | XM group | |
| account fee | no | no | no | no |
| inactivity fee | yes | no | yes | yes |
| deposit fee | 0$ | 0$ | 0$ | 0$ |
| withdrawal fee | 0$ | 0$ | 0$ | 0$ |
Globex360 trading fees
With globex360, there is a minimum and a maximum trade size; the minimum trade size is 0.01 lots and the maximum trade size is 50 lots. There is a maximum amount of orders for traders that can be opened on their MT4 trading account, which is fifty orders. Their execution speed for order is, on average, approximately two-hundred milliseconds; this is considered to be very fast and efficient to benefit traders.
Globex360 have a 100/30 percent margin call-stop level, but the trader’s account may be exposed to a margin call if the trading account’s equity lies in a level that is equal to the margin of the trader’s existing position.
Another feature and trading condition that globex360 provides is hedging and scalping. The required margin for hedging positions on the three accounts is zero, and there are no time limitations for keeping the positions open for traders.
With globex360, there is a possibility for traders to face a negative balance if they use the maximum leverage level that is available. A negative balance could also occur if there is a slippage, due to a period of high volatility.
The broker has a risk department is constantly and consistently track their clients’ progress when it comes to risk-taking decisions and strategies. This allows globex360 to monitor and see if a trader is making irresponsible trading decisions, then the broker will notify the trader through an email with the contents of asking them to reduce their risk exposure.
The broker may also reduce the maximum leverage level on the client’s trading account, to ensure that they are trading responsibly and not exposing themselves to major financial risk.
With globex360, negative balance protection is not guaranteed by the broker. The general practice of negative balance protection is based on a case-to-case review.
Account opening
The three trading accounts of globex360 are: basic account, standard account, and professional or VIP account. These are all available for you on globex360, but it depends on your trading knowledge.
- Minimum deposit of 100USD for basic and standard
- Account management is free
- Forex, commodities, indices, and cfds available
Globex360 basic account
The first globex360 account available for you is the basic account with an instant execution type and the free support of an account manager. The maximum leverage level is 1:100 and a minimum spread starts from 2.0. There is also a commission charged for trading, which is 12USD per lot.
The available trading instruments on the basic account are forex, commodities, and indices, with the MT4 trading platform. The maximum order size is ten lots and there is a guaranteed stop loss order, which is reasonable for traders with the basic account. The minimum initial deposit is one-hundred dollars.
One of the main drawbacks of the basic account is that traders with this type of account will not have access to the knowledge base of globex360, and they won’t be able to have the option of automated trading.
- Instant execution
- Low minimum deposit (100USD)
- Guaranteed stop-loss orders available
- No access to educational resources
- No access to automated trading
- High trading commission
Globex360 standard account
The second account type that globex360 provides is the standard account. This account is similar to the basic account, but there are some improvements. The execution type is market execution, you get the support of an account manager and can also access automated trading.
The maximum leverage level for the standard account is 1:200, and they provide minimum spreads from 1.6. The commission charged for each lot is 10USD and the maximum order size is twenty lots. The standard account offers forex, commodities, and indices as instruments for trading, with the MT4 trading platform available for the trader’s convenience.
The minimum initial deposit is five hundred dollars($500) and you can immediately gain access to the educational materials of globex360.
- Free account management
- Market execution
- Guaranteed stop-loss order
- Access to automated trading
- No access to personal account manager
- Only available on MT4 trading platform
- High trading commission
- High minimum deposit ($500)
Globex360 professional or VIP account
The final and most beneficial trading account is the professional or VIP account.
This globex360 trading account performs orders at market execution quotes, and has free account management. The maximum leverage level is 1:400, since the maximum order size is fifty(50) lots. The account also offers minimum spread starting from 1.2, with a commission of eight dollars($8) per lot.
Similar to the standard account, traders can access forex, commodities, indices as well as automaded trading services. Unlike the other two trading accounts, there is the option for a personal account manager and the minimum initial deposit would be five thousand dollars($5000).
- Access to automated trading
- Guaranteed stop-loss order
- Personal account manager available
- High minimum deposit (5000USD)
- Only available on MT4 trading platform
- High trading commission
How to open a globex360 account
STEP ONE: fill out the online application with your personal information and trading preferences.
STEP ONE: fill out the online application with your personal information and trading preferences.
STEP TWO: open your email to verify your login credentials.
STEP THREE: upload documents of your bank statement, proof of address (POA), and a copy of your passport or ID as a form of proof of identity.
Deposit and withdrawal
There are several methods of payment, for depositing and withdrawing funds. These methods include: payfast, bitcoin, debit and credit cards.
Globex360 accepts several different currencies such as: USD, EUR, and MMK. The deposits and withdrawals are free of charge, but a transfer fee could be charged by the bank and not by the broker.
Globex360 will also not cover conversion fees, if the trader deposits or withdraws funds that are a different currency than that of the trading account.
Deposits
The globex360 minimum deposit for all trading account types is 25USD. However, the VIP account has a specific condition, where the trader must reach a monetary minimum balance of fifty thousand dollars.
With globex360, it is possible for traders to withdraw funds through a different payment method from that used for depositing. The funds will be withdrawn and deposited through the same method of payment, but globex360 gives traders the option to transfer funds to a different mode of payment, as long as it is under the same name and personal information.
Giveaways promotion, macbook air – globex360
Globex360 presents a drawing contest in four categories of bronze, silver, gold, and platinum with different prizes for each categories. Win apple watch, macbook, smart TV to luxury holiday. All it is required to deposit accordingly to the category of your choice and take part in the draw.
Win giveaway prizes 2021
Joining link: competition
Contest’s time:
- Start –december 08, 2020
- End – january 31, 2021
- Registration – until january 31, 2021
Offer is applicable: all clients
How to apply:
- Register for the contest
- Make a minimum deposit of $100 USD
- Take part in the campaign
To win: fund and make maximum volume on your group to win a cash prize
Deposit: cash listed below
- Deposit from $100 to $500 USD + 15 lots – bronze group
- Deposit from $501 to $2,000 USD + 30 lots – silver group
- Deposit from $2,001 to $5,000 USD + 50 lots – gold group
- Deposit $5,001 USD + 75 lots – platinum group
- Win one of the four apple/android watches – bronze group
- Win one of the three macbook air – silver group
- Win one of the two samsung 55” QLED screens – gold group
- All expenses paid holiday for two in cape town (or a destination of equivalent value) (1 x winner) – platinum group
Terms & conditions – globex360 promotion 2021
The winners will be chosen randomly in a draw.
Globex360
Risk warning: your capital is at risk. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.
Risk warning: your capital is at risk. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.
Alternatives
Forum, user reviews and feedbacks
Alternatives
Risk warning: investments involve a high level of risk. It is possible to lose all your capital. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation and is not directed at residents of: belgium · france · japan · latvia · turkey · united states ·
Globex360 review
"> updated: october 26, 2020
Summary
We do not recommend globex360 for south african traders due to the high cost of trading and the numerous complaints we have received. If you are looking for a good south african forex broker we recommend blackstone futures or khwezitrade instead.
Globex360 minimum deposits start at 100 USD, but trading costs are expensive. Spreads are wide, starting at 2 pips on the basic account. A large commission per trade is also charged on all accounts, which is unusual for a broker with such wide spreads. Full spreads are not published.
In addition, while globex 360 states that withdrawals are free, we have received multiple claims that deposits do not reflect to trading accounts and withdrawals do not reflect to bank accounts. Clients have also complained that customer service is extremely poor, or non-existent when it comes to funding issues.
Reviews
Account information
Trading conditions
Company details
Deposit & withdrawal methods
Supported platforms for globex360
Is globex360 safe?
Globex360 was founded in 2017 in johannesburg and has been regulated by the FSCA since 2019 under FSP #50130. The FSCA has brought in a new licence for south african brokers called the ODP licence, but it is unclear if globex360 has applied for this yet.
Globex360 is an STP broker and operates without a dealing desk – though trade execution on basic accounts is instant, insinuating an automated dealing desk of some kind. Standard and professional accounts are both market execution.
Globex360 does not offer negative balance protection, stating that “negative balance protection is not guaranteed. The general practice is that we cover the negative balance, but all cases are reviewed on a case-by-case basis.”
We have received many complaints from south african traders with a globex360 login regarding deposit and withdrawal issues. We cannot prove that any of these allegations are true, but since the collapse of JP markets traders should be very careful when choosing a forex broker.
Should I trade with globex360?
We do not recommend globex360 for south african forex traders.
Even if the allegations of funding problems are untrue, globex360’s trading costs are unreasonably high and its forex education is poor. Even though globex360’s minimum deposit is quite low at 100 USD, it does not publish its complete spreads, trading accounts are not offered in ZAR, and the only platform available is MT4.
We recommend choosing another broker from one of our lists:
We only recommend well-regulated, honest brokers with good trading conditions.
Globex360
Risk warning: your capital is at risk. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.
Risk warning: your capital is at risk. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.
Alternatives
Forum, user reviews and feedbacks
Alternatives
Risk warning: investments involve a high level of risk. It is possible to lose all your capital. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation and is not directed at residents of: belgium · france · japan · latvia · turkey · united states ·
Globex360 review
Summary
We do not recommend globex360 due to the numerous complaints and high cost of trading. We encourage traders to check out plus500 & avatrade as possible alternatives.
Globex360 minimum deposits start at 100 USD, but trading costs are expensive. Spreads are wide, starting at 2 pips on the basic account. A large commission per trade is also charged on all accounts, which is unusual for a broker with such wide spreads. Full spreads are not published.
In addition, while globex360 states that withdrawals are free, we have received multiple claims that deposits do not reflect to trading accounts and withdrawals do not reflect to bank accounts. Clients have also complained that customer service is extremely poor, or non-existent when it comes to funding issues.
Reviews
Account information
Trading conditions
Company details
Deposit & withdrawal methods
Supported platforms for globex360
Is globex360 safe?
Globex360 was founded in 2017 in johannesburg and has been regulated by the south african FSCA since 2019 under FSP #50130. The FSCA has brought in a new licence for south african brokers called the ODP licence, but it is unclear if globex360 has applied for this yet.
Globex360 is an STP broker and operates without a dealing desk – though trade execution on basic accounts is instant, insinuating an automated dealing desk of some kind. Standard and professional accounts are both market execution.
Globex360 does not offer negative balance protection, stating that “negative balance protection is not guaranteed. The general practice is that we cover the negative balance, but all cases are reviewed on a case-by-case basis.”
We have received many complaints from south african traders with a globex360 login regarding deposit and withdrawal issues. We cannot prove that any of these allegations are true, but traders should be very careful when choosing a forex broker.
Should I trade with globex360?
We do not recommend globex360.
Even if the allegations of funding problems are untrue, globex360’s trading costs are unreasonably high and its forex education is poor. Even though globex360’s minimum deposit is quite low at 100 USD, it does not publish its complete spreads and the only platform available is MT4.
We recommend choosing another broker from one of our lists:
We only recommend well-regulated, honest brokers with good trading conditions.
Globex360 broker review
Summary
We do not recommend globex360. Globex360 minimum deposits start at 100 USD, but trading costs are expensive. Spreads are wide, starting at 2 pips on the basic account. A large commission per trade is also charged on all accounts, which is unusual for a broker with such wide spreads. Full spreads are not published.
In addition, while globex 360 states that withdrawals are free, we have received multiple claims that deposits do not reflect to trading accounts and withdrawals do not reflect to bank accounts. Clients have also complained that customer service is extremely poor, or non-existent when it comes to funding issues.
Reviews
Account information
Trading conditions
Company details
Deposit & withdrawal methods
Supported platforms for globex360
Is globex360 safe?
Globex360 was founded in 2017 in johannesburg and has been regulated by the south african FSCA since 2019 under FSP #50130. The FSCA has brought in a new licence for south african brokers called the ODP licence, but it is unclear if globex360 has applied for this yet.
Globex360 is an STP broker and operates without a dealing desk – though trade execution on basic accounts is instant, insinuating an automated dealing desk of some kind. Standard and professional accounts are both market execution.
Globex360 does not offer negative balance protection, stating that “negative balance protection is not guaranteed. The general practice is that we cover the negative balance, but all cases are reviewed on a case-by-case basis.”
We have received many complaints from south african traders with a globex360 login regarding deposit and withdrawal issues. We cannot prove that any of these allegations are true, but traders should be very careful when choosing a forex broker.
Should I trade with globex360?
We do not recommend globex360.
Even if the allegations of funding problems are untrue, globex360’s trading costs are unreasonably high and its forex education is poor. Even though globex360’s minimum deposit is quite low at 100 USD, it does not publish its complete spreads and the only platform available is MT4.
We recommend choosing another broker from one of our lists:
We only recommend well-regulated, honest brokers with good trading conditions.
Globex360 review
Summary
We do not recommend globex360. Globex360 minimum deposits start at 100 USD, but trading costs are expensive. Spreads are wide, starting at 2 pips on the basic account. A large commission per trade is also charged on all accounts, which is unusual for a broker with such wide spreads. Full spreads are not published.
In addition, while globex 360 states that withdrawals are free, we have received multiple claims that deposits do not reflect to trading accounts and withdrawals do not reflect to bank accounts. Clients have also complained that customer service is extremely poor, or non-existent when it comes to funding issues.
Reviews
Account information
Trading conditions
Company details
Deposit & withdrawal methods
Supported platforms for globex360
Is globex360 safe?
Globex360 was founded in 2017 in johannesburg and has been regulated by the south african FSCA since 2019 under FSP #50130. The FSCA has brought in a new licence for south african brokers called the ODP licence, but it is unclear if globex360 has applied for this yet.
Globex360 is an STP broker and operates without a dealing desk – though trade execution on basic accounts is instant, insinuating an automated dealing desk of some kind. Standard and professional accounts are both market execution.
Globex360 does not offer negative balance protection, stating that “negative balance protection is not guaranteed. The general practice is that we cover the negative balance, but all cases are reviewed on a case-by-case basis.”
We have received many complaints from south african traders with a globex360 login regarding deposit and withdrawal issues. We cannot prove that any of these allegations are true, but traders should be very careful when choosing a forex broker.
Should I trade with globex360?
We do not recommend globex360.
Even if the allegations of funding problems are untrue, globex360’s trading costs are unreasonably high and its forex education is poor. Even though globex360’s minimum deposit is quite low at 100 USD, it does not publish its complete spreads and the only platform available is MT4.
We recommend choosing another broker from one of our lists:
We only recommend well-regulated, honest brokers with good trading conditions.
So, let's see, what we have: globex360 presents a drawing contest in four categories of bronze, silver, gold, and platinum with special gifts of iphone, macbook and more at globex360 bonus
Contents of the article
- New forex bonuses
- Giveaways promotion, macbook air – globex360
- Win giveaway prizes 2021
- Globex360 REVIEW 2020
- Globex360 summary
- Safety and regulation
- Globex360 fees
- Account opening
- Globex360 basic account
- Globex360 standard account
- Globex360 professional or VIP account
- How to open a globex360 account
- Deposit and withdrawal
- Giveaways promotion, macbook air – globex360
- Win giveaway prizes 2021
- Globex360
- Alternatives
- Forum, user reviews and feedbacks
- Alternatives
- Globex360 review
- Summary
- Reviews
- Account information
- Trading conditions
- Company details
- Deposit & withdrawal methods
- Supported platforms for globex360
- Is globex360 safe?
- Should I trade with globex360?
- Globex360
- Alternatives
- Forum, user reviews and feedbacks
- Alternatives
- Globex360 review
- Summary
- Reviews
- Account information
- Trading conditions
- Company details
- Deposit & withdrawal methods
- Supported platforms for globex360
- Is globex360 safe?
- Should I trade with globex360?
- Globex360 broker review
- Summary
- Reviews
- Account information
- Trading conditions
- Company details
- Deposit & withdrawal methods
- Supported platforms for globex360
- Is globex360 safe?
- Should I trade with globex360?
- Globex360 review
- Summary
- Reviews
- Account information
- Trading conditions
- Company details
- Deposit & withdrawal methods
- Supported platforms for globex360
- Is globex360 safe?
- Should I trade with globex360?
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