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Globex360 Fees and Spreads

Globex360 Fees and Spreads

 

Overall Rating

4.7/5

Rated #203 of
Recommended FX Brokers

💰Minimum Deposit

USD 25

🌐 Regulators

FSCA 

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

50+

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Globex360 spread starts from 2.0. There is also a commission charged for trading, which is 12USD per lot. Globex360 doesn’t charge any account fees or deposits, while withdrawals are charge.

Globex360 also charges an inactive fee of $5.

Finding a reputable list about Globex360 Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

 

The Globex360 spread list is as follows:

For the Basic Account, the minimum spread starts from 2.0. There is also a commission charged for trading, which is 12USD per lot.

For the Standard Account, minimum spreads start from 1.6. The commission charged for each lot is 10USD and the maximum order size is twenty lots.

For the VIP account, the minimum spread starts from 1.2, with a commission of eight dollars($8) per lot.

 

Additional Trading Fees

 

Globex360 offers relatively low trading and non-trading fees.

You do not have to worry about deposit fees, because there are none, but withdrawal fees do apply in some cases.

Globex360 has 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 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.

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.

 

Overall Rating

4.7/5

Rated #203 of
Recommended FX Brokers

💰Minimum Deposit

USD 25

🌐 Regulators

FSCA 

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

50+

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

Traders also need to ensure that they verify additional broker fees which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

Globex360 is not a spread betting broker, so spread betting fees will not apply. The broker charges an inactivity fee of 5 USD, with no further account fees.

An Islamic account is available which does not incur overnight fees or swap fees.

 

Pros and Cons

✔️ PROS ❌ CONS
No deposit fees

Relatively tight spreads

Low inactivity fee

Negative balance protection not provided

Withdrawal fees apply in some cases

 

You might also like: Globex360 Minimum Deposit

You might also like: Globex360 Demo Account

You might also like: Globex360 Sign up Bonus

You might also like: Globex360 Account types

You might also like: Globex360 Islamic Account

 

FAQ’s

 

How many instruments can I trade with Globex360

You can trade the following financial instruments:

Forex:

  • Spreads from 0.28 pips
  • Leverage Up to 1:500
  • Ultra-fast Execution

Indices:

  • 6 market sectors and over 20 CFDs
  • Leverage Up to 1:500
  • Advanced technical indicators

Commodities:

  • 6 market sectors and over 20 CFDs
  • Leverage Up to 1:500
  • Advanced technical indicators

 

Which platforms are supported by Globex360?

MetaTrader 4 for desktop and mobile

 

Does Globex360 offer leverage?

Yes, maximum leverage of 1:200.

 

What spreads can I expect with Globex360?

For the Basic Account, the minimum spread starts from 2.0. There is also a commission charged for trading, which is 12USD per lot.

For the Standard Account, minimum spreads start from 1.6. The commission charged for each lot is 10USD and the maximum order size is twenty lots.

For the VIP account, the minimum spread starts from 1.2, with a commission of eight dollars($8) per lot.

 

Does Globex360 charge commission?

Yes, and these commissions vary depending on the account type

 

Is Globex360 regulated?

Yes. Globex360 is regulated by the FSCA

 

Is Globex360 a recommended forex trading broker for experts and beginners?

Yes. Globex360 caters to both beginners and experts.

 

What is the overall rating out of 10 for Globex360?

7/10.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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