Choosing a forex broker can be tricky, especially with so many options out there. It’s important to know what to look for in a broker before you open an account, and a review of the globex360 broker can help you do just that.
Expert and Islamic Accounts
Founded in 2017, Globex360deg (PTY LTD) is one of the leading online trading providers in the world. Registered under the Financial Sector Conduct Authority (FSCA) in South Africa, it has a strong focus on the African continent. In addition to providing online trading services, Globex360deg also offers a range of other products and services.
Globex360deg provides trading on a wide range of markets including forex, commodities, and indices. It also offers flexible deposit and withdrawal options, as well as a wide range of trading platforms. Besides, its client funds are kept in segregated accounts, which means the broker does not have to use client funds for day-to-day operations.
Islamic accounts are available for Sharia-compliant traders. This type of account offers tighter spreads and does not require swap fees. Also, it allows Muslim clients to trade without interest payments.
Globex360deg offers Islamic swap-free trading on a stand-alone account level. In addition, it also offers extended swap-free status by default for non-Islamic clients.
MT4 and MT5 trading terminals
MT4 and MT5 trading terminals are offered by Globex360. These platforms allow you to trade stocks, indices, currencies, commodities, and CFDs. You can also trade crypto assets. You can also access the MAM service and robot advisors to automate your trades.
The trading terminals are based on the MetaTrader 4 platform, which is also available for Windows. They feature live market prices and real-time technical analysis. They also have a wide variety of charting tools and indicators. You can open unlimited charts in different timeframes.
MetaTrader4 offers support for 30 in-built technical indicators, while MetaTrader5 provides more features. Both platforms offer one-click trading to minimize execution time. You can also download the symbol changer indicator for free to change the chart symbol.
You can also access the Telegram Channel, which publishes the latest economic news in real-time. You can also follow the Twitter account of MetaTrader 4.
You can trade with up to 300:1 leverage. This leverage is not limited by country of residence, and you can request the leverage to be increased to a maximum of 500:1.
You can open accounts in different currencies at the same time. You can also choose the base currency. You can trade currencies, indices, precious metals, commodities, and CFDs. You also have the option of hedging your trades.
Leverage of up to 500:1
Traders who wish to increase their leverage with Globex360 can do so. However, it is important to consider several factors before making a final decision. In particular, traders should consider their overall trading style. They should also decide how long they intend to keep their positions open. Higher leverage increases the chance of winning, but it also increases the risk of losing money.
Globex360 is an online trading services provider that is based in South Africa. They offer a variety of financial trading instruments, including currencies, commodities, and CFDs. They have a few representative offices in South America and Australia. They also offer mobile trading apps. They also offer the ability to copy trades, which can be a useful feature for traders.
In terms of the minimum deposit requirement, Globex360 is a bit higher than some other brokers. You will need at least $500 to open an account. In addition, they require you to submit a trading account intake form. This form requires your personal and financial information, as well as your trading experience. You will also need to confirm that you agree with the terms of your agreement.
Education resources
Despite its small size, Globex360 offers an excellent range of educational resources for beginners. If you are new to forex, you will find plenty of articles and online courses to get you started. You will also find a free demo account, which will allow you to try out trading strategies without investing any real money.
The learning section of the Globex360 website contains FAQs, a Knowledge Base, and an Academy. Beginners are also encouraged to take an individual training course. There are also a variety of free online courses available, including one on trading currencies.
The learning resources for beginners are not as extensive as those offered by other brokers. For example, the website does not provide information on the risks of trading CFDs. Also, the range of CFDs available is limited.
While Globex360 offers a range of financial instruments, it does not offer a wide selection of currencies and cryptocurrencies. It also charges large commissions for each trade. It is also a new player in the Forex market. It has not yet opened branches in all countries.