About FXGlobe
Overview
FXGlobe is an online forex and CFD broker operated by FXGlobe Limited, a company registered in Cyprus since 2008 under registration number HE 254133. The broker is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 205/13, holding a Forex Execution License (STP). It offers trading in over 70 financial instruments through the MetaTrader4 platform, as well as a proprietary web trader application.
Regulation and Safety
As a CySEC-regulated entity, FXGlobe is subject to the European MiFID II framework, which mandates client fund segregation, negative balance protection, and participation in the Investor Compensation Fund (ICF) up to €20,000. The broker's license is registered under FXGlobe Limited, and its regulatory status can be verified on the CySEC public register. No other regulatory licenses are currently on file for this entity.
Account Types
FXGlobe provides four live account tiers to accommodate different trading styles and capital levels. The Standard account requires a minimum deposit of $250, while the Pro account starts at $1,000. For more advanced traders, the ECN Razor account demands a $2,000 deposit, and the Razor Plus account requires $3,000. Specific spreads, leverage, and commission details for each account are not publicly disclosed by the broker.
Trading Platforms and Instruments
The broker primarily supports the MetaTrader4 (MT4) platform, a widely used trading terminal known for its advanced charting tools, automated trading via Expert Advisors, and multiple order types. Additionally, FXGlobe offers its own web trader application, which it describes as providing more detailed profit and loss information. Traders can access over 70 instruments, including forex pairs, indices, commodities, and cryptocurrencies, with leverage up to 1:200 and raw spreads advertised from 0.02 pips.
Deposits, Withdrawals, and Support
FXGlobe does not publicly list its deposit and withdrawal methods, but client reviews indicate the availability of bank transfers, credit/debit cards, and e-wallets. The broker offers a 100% deposit bonus for new accounts, subject to terms and conditions. Customer support is available 24/5 via phone, email, and WhatsApp, with each client assigned a dedicated account manager. The broker also hosts daily webinars and provides market analysis to assist traders.
Target Audience
FXGlobe markets itself to both novice and experienced traders, emphasizing its educational resources, personal account management, and competitive spreads. The broker's account structure, with low minimum deposits for Standard accounts, makes it accessible to retail traders, while the higher-tier ECN and Razor accounts aim at more active or professional clients. However, the lack of disclosure on spreads and commissions may require traders to contact support for full details.
Company Background
FXGlobe Limited has been registered in Cyprus since 2008, though it began operations under the FXGlobe brand in 2019. The company is headquartered in Nicosia and lists its registered office address in the capital. While the broker claims to have been serving clients for over a decade, its current employee count is listed as zero, which may indicate a small operational footprint or reliance on outsourced staff.
Overview compiled by FXCanary from regulatory records and public data. full FXGlobe review