FXGlobe Markets

FXGlobe Markets is the trading name of APLFX (PTY) LTD, a company registered in South Africa on 7 July 2022. The broker operates through the official domain fxglobe.net and is headquartered at Building 1, 15 Forest Road, Waverley, Gauteng 2199. It presents itself as a forex and CFD broker offering a range of account types to retail traders.

According to our records, the firm holds a Derivatives Trading License (EP) from the Financial Sector Conduct Authority (FSCA) of South Africa, with licence number 52045. However, the status of this licence is not specified in our files, and the company reports zero employees. This sparse corporate footprint is a point of caution for prospective clients.

FXGlobe Markets is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, holding a Derivatives Trading License (EP) with licence number 52045. The FSCA is the primary financial regulator in South Africa, overseeing market conduct and ensuring compliance with financial laws.

While the presence of a licence is a positive sign, our records do not indicate the current status of this licence (e.g., active, suspended, or revoked). Traders are advised to verify the licence status directly with the FSCA before engaging with the broker. The lack of clear status information adds to the overall guarded risk assessment.

FXGlobe Markets offers four distinct account types to cater to different trading preferences and capital levels. The STANDARD account has a minimum deposit of $250 and is likely aimed at beginners or those with smaller capital. The PRO account requires a minimum deposit of $1,000 and offers more advanced trading conditions.

For more experienced traders, the ECN RAZOR account has a minimum deposit of $2,000 and charges a commission of $8 per lot, while the RAZOR PLUS account requires a minimum deposit of $3,000 and charges a commission of $7 per lot. The maximum leverage and minimum spreads are not disclosed in our records, which limits a full comparison of trading costs.

Our records do not specify the range of trading instruments available on FXGlobe Markets, nor do they detail the trading platforms offered. Typically, forex and CFD brokers provide access to currency pairs, indices, commodities, and sometimes cryptocurrencies, but we cannot confirm this for FXGlobe Markets.

Similarly, the broker's website may list platforms such as MetaTrader 4 or 5, but this information is not available in our known facts. Traders should consult the official site or contact the broker directly to obtain details on tradable assets and platform compatibility.

The known facts do not include any deposit or withdrawal methods for FXGlobe Markets. This absence of information is notable, as transparent funding and withdrawal processes are critical for a broker's reliability.

Prospective clients should seek clarity on available payment methods, processing times, and any associated fees before opening an account. Without this information, it is difficult to assess the convenience and security of fund transfers.

FXGlobe Markets has been assigned a Scam Risk Score of 43 out of 100, which falls into the 'Guarded' category. This score is primarily due to limited public information available about the broker, as flagged in our risk assessment.

While the broker holds a regulatory licence, the lack of independent reviews, undisclosed trading conditions, and zero employee count raise questions about its operational transparency. Traders should exercise caution and conduct thorough due diligence before committing funds.