Edited by Alison Heyerdahl February 3, 2025

Author Chris Cammack

Globex360 Broker Review

In February 2023, Globex360 was fined by the 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.

2.80

/ 5

Min deposit

USD 100

Regulated By

FSCA

Trading Cost

USD 32

Leverage

300:1

Copy Trading

Yes

Platforms

MT4

Instruments

Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices

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Does NOT accept Ugandan Clients. Average spread EUR/USD 1.60 pips on trading account with lowest minimum deposit. Max leverage 300:1. Globex360 offers support for the MT4/MT5 platforms. Globex360 regulated by the FSCA. 0 of traders lose money with this provider.

Our Verdict on Globex360

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.

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Pros

Quick account opening

Cons

Poor customer support
Limited demo account
Non transparent spreads

Globex360 Overall Summary

Trust Rating

Trading Conditions

Platforms

4.5

Education

Beginner Friendly

Assets Available

3.5

Analysis Research

Deposit & Withdrawal

Overall Rating

2.80

/ 5

Base Currencies

ZAR, USD, KWD, EUR, GBP

Number of FX Pairs

Crypto Pairs

Copy Trading

Yes

Hedging Allowed

Yes

Scalping Allowed

Yes

Islamic Account

Yes

Account Name

Commission

8 USD / lot

EUR/USD

1.60

GBP/USD

USD/JPY

Negative Balance Protection

Company Name

Globex360 (PTY) LTD

Founded

2017

Website

globex360.co.za

Website Language

English

Support Language

English

Office Locations

South Africa

Support Email Address

[email protected]

Deposit & Withdrawal

Supported Platforms

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.

Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris manages the relationships with our partners to provide the best Forex trading experience possible for our users. Previously Head of Content at FxScouts since 2019, Chris ensured all content met our high standards of quality and clarity, shaping editorial guidelines and overseeing broker reviews. Chris brought 10 years of experience in research, editorial, and design for political and financial publications, and has a deep knowledge of international financial markets and geo-politics. He co-hosts the "Let's Talk Forex" podcast with Alison and writes for the news section on a regular basis.

Alison Heyerdahl

Head of Content

Alison joined the team as a writer in 2021. She is the Head of Content for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in Forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 120 Forex brokers.

Ida Hermansen

Financial Writer

Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.

Stefan de Clerk

Financial Writer

The newest member of our team, Stefan has a degree in Marketing and more than a decade of experience writing quality content in both finance and tech. Stefan's deep fascination with how factors like geopolitical events, big data and market sentiment influence the financial markets drives his passion for Forex trading. He believes that if you want to feel the pulse of the world economy, trade Forex, and if you want to trade Forex, you need well-researched, unbiased and objective information.

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