Select a different country or region to view content tailored to your location.
In the fast-paced world of forex trading, choosing the right broker is crucial. JustMarkets and Globex360 are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between JustMarkets and Globex360 across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated JustMarkets and Globex360, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, Globex360 earned a higher trust rating than JustMarkets.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that JustMarkets has overall lower trading costs than Globex360.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both Globex360 and JustMarkets offer copy trading.
A broader range of CFD instruments provides more trading opportunities. JustMarkets offers a greater variety of instruments compared to Globex360:
For those interested in trading cryptocurrencies, JustMarkets offers 14 cryptocurrencies, while Globex360 offers 0 cryptocurrencies. Therefore, JustMarkets is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither Globex360 nor JustMarkets charges a withdrawal fee. Overall, JustMarkets has better deposit and withdrawal processes than Globex360.Â
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.Â
JustMarkets has better educational support than Globex360. Both Globex360 and JustMarkets offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that JustMarkets offers better research analysis than Globex360 and that both Globex360 and JustMarkets offer frequent webinars.
Overall, because of the lack of regulatory oversight and the difficulty of withdrawing funds, we do not recommend JustMarkets. If you are looking for a good broker, look at some of our top brokers instead.
Founded in 2012, JustMarkets (formerly JustForex) is a multi-asset broker we cannot recommend. Our main concern is that JustMarkets' regulatory oversight is weak compared to other similar brokers. We have also received multiple reports of traders being unable to withdraw their funds, so we urge traders to proceed cautiously.Â
JustMarkets offers seven live accounts on the MT4/MT5 trading platforms with minimum deposits starting at 1 USD and spreads of only 1.00 pips (EUR/USD) on its beginner-friendly Cent Account. Trading costs improve further on its Pro and Raw Spread accounts, with spreads on the Pro Accounts starting at 0.6 pips. Spreads start at 0 pips (EUR/USD) on the Raw Accounts in exchange for a commission of 6 USD (round turn). Both the Pro and the Raw Accounts have minimum deposit requirements of 100 USD.
Beginners should be aware that JustMarkets also offers extreme leverage of up to 3000:1, which can see many beginner accounts wiped out quickly.
In February 2023, Globex360 was fined by the South African FSCA for acting as an over-the-counter derivative provider (ODP) without authorisation. Globex360 has since shut down and is no longer accepting new clients. This review is for informational purposes only.
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.
For more detailed reviews, please read our comprehensive assessments of JustMarkets and Globex360.
Select another broker to another broker to compare features, fees, and platforms side by side.
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.
