FXGlobe Broker Review For Kenya In 2023

FXGlobe Basics

Our Opinion About FXGlobe

FXGlobe is an online forex broker that allows you to trade in various assets, including forex and CFDs. They offer a wide range of features and tools such as market analysis, charting, real-time data and technical analysis tools. FXGlobe has been around since 2008 and has become one of the leading forex trading companies in the world.

FXGlobe offers a reliable trading service. They have a great range of accounts and offer trading on MetaTrader 4 (MT4) – an advanced trading platform designed for fast execution, scalability and low latency. There also have a great range of trading assets. There are over 70+ different trading instruments available on FXGlobe. The company also claims that it has an average uptime of 99%, which means that traders can easily access their accounts whenever they want to place orders.

Key Benefits

• Low Commissions: FXGlobe offers one of the lowest commission rates in the industry for forex trades – and particularly on major currency pairs like EUR/USD and USD/JPY – making it an attractive choice for cost-conscious traders who want to maximize their profits while minimizing costs associated with trading activities.
• Competitive Spreads: In addition to low commissions, FXGlobe also offers competitive spreads on all major currency pairs which helps keep your costs down when you’re trading in high volumes or over longer periods of time since you don’t have to worry about paying too much in spread fees each time you open or close a position with them as your broker partner.
• Advanced Trading Platforms & Tools: FX Globe provides access to advanced platforms such as MetaTrader 4 (MT4) that offer powerful charting capabilities along with sophisticated order execution tools, and allow traders to take advantage of automated strategies without having any coding experience whatsoever!

Regulation And Safety

Regulation In Kenya

The FXGlobe forex broker is licensed by CySEC, which means it operates under strict regulatory oversight, and meets the standards of the financial services required by law. CYSEC is a European regulator based in Cyprus. It reputable financial authority, with a good reputation for monitoring forex brokers and ensuring regulatory compliance.

Fund Safety

At FXGlobe, they take the security of our clients’ funds and data very seriously. They have implemented a range of measures to ensure that your trading experience is safe and secure.

• Account Security: All accounts are protected by advanced encryption technology, ensuring that all personal information remains confidential at all times. Additionally, two-factor authentication (2FA) is available for added protection against unauthorized access to your account.
• Funds Protection: To protect client funds from any potential losses due to market volatility or other unforeseen events, they maintain segregated accounts with top tier banks in accordance with regulatory requirements set forth by the Cyprus Securities & Exchange Commission (CySEC). This ensures that client deposits remain separate from company operating capital at all times.
• Data Protection: They use industry-leading firewalls and anti-virus software on their servers as well as SSL encryption technology when transferring sensitive data over the internet – such as credit card numbers – so you can be sure your information will remain private and secure while trading online with FXGlobe.

FXGlobe: Legit Or Scam?

FXGlobe is a legit forex broker. They have been working in the forex industry for several years and have a growing client base in Kenya. They are regulated by a reputable regulatory authority, implement strict client fund security measures, and have a good reputation for customer service. In terms of their trading products, they have good accounts and a good selection of trading instruments. They also have reliable payment methods and fast withdrawals. In our opinion, they are a legit forex broker.

FXGlobe Trading Assets

FXGlobe offers a huge selection of trading instruments. The platform has an impressive array of currencies, including the most popular ones like USD, EUR and GBP. The platform offers non-standard instruments like CFDs on precious metals or oil futures contracts. You can even trade CFD spread bets on all major indices and global currencies from your desktop computer or mobile device.

Trading Instruments

• Forex: They provide access to 30+ currency pairs including major, minor, and exotic pairs. You can trade many forex instruments including EUR/USD, GBP/USD, and USD/CHF.
• Shares: They provide access to 50+ CFDs on shares. You can trade many stock instruments across sectors such as technology, finance, transport, healthcare, and utilities.
• Indices: They provide access to CFDs on indices. You can choose from several popular indices across the global financial markets including the S&P 500.
• Energies: They provide access to CFDs on energies. You can trade all of the most common instruments including US Brent and Crude oil.
• Metals: They provide access to CFD trading on metals. You can trade USD and EUR crosses for silver and gold. They also offer trading on copper.

FXGlobe Account Types

FXGlobe offers a few different account types. You can choose from any of their three main forex trading accounts. These are the PathFinder account, the Navigator account, and the Infinity account. All of their trading accounts come with high leverage, low trading costs, and fast trade execution.

Live Accounts

As part of our FXGlobe broker review, we have checked their trading conditions. In our opinion, the best account option for new forex traders in Kenya is the PathFinder account. This is their beginner trading account. As such, it is a great choice for traders with less trading experience and less initial trading capital. The account have spreads starting from 0.1 pips. There are no commission fees. The account also comes with high leverage of up to 1:500. The FXGlobe minimum deposit for this account is $250 and the base currency is USD.

Leverage

The FXGlobe’s leveraged trading is a great way to start trading forex. You can open an account for as little as $250 and get access to the FXGlobe’s 1:200 leverage.

Spreads & Commissions

FXGlobe is a reliable forex broker that offers competitive fees, spreads and leverage. The company has been in the business for over 10 years and provides traders with access to more than 200 financial instruments across multiple asset classes. They offer very low trading costs across all of their tarding accounts – and two of their accounts even come with zero commission trading!

FXGlobe Registration – How To Open A Trading Account

As part of our FXGlobe broker review, we looked at their online registration process. If you live in Kenya, then you are allowed to open an FXGlobe trading account. Their registration process is very quick and easy. To open an account, go to their website, fill in the online registration form, and choose your login detail. This will enable them to start creating your account. Next, complete their online trading test. This will enable them to find out how much you know about online trading. Lastly, complete the account verification process, submit the required documents, and choose your preferred account type. This will enable them to carry out their regulatory checks and approve your account.

FXGlobe Registration – How To Verify A Trading Account

FXGlobe will ask you to provide a valid email address and phone number. Additionally, they will ask you to provide a proof of ID and a proof of address. This is so that they can complete the required legal checks and activate your account. For example, they could ask you to provide a copy of your passport or government-issued photo ID. They could also ask you to provide a utility bill in your name that shows your name and address. After they have checked the files, they will activate your account.

Deposits & Withdrawals

You can use your bank wire, credit/debit card, Neteller, Skrill and cryptocurrencies to deposit and withdraw funds. When depositing funds into your account, the funds will be transferred from your bank account to the FXGlobe account as soon as they are deposited. Depending on your institution’s processing time, this can take up to 3 days. FXGlobe also lets you deposit or withdraw funds through MPESA mobile money. The process is as simple as sending the funds to an account linked to your phone number. You’ll then have access to your cash right away!

Trading Platforms

FXGlobe’s MT4 platform is available to traders in more than 90 countries worldwide. As well as providing access to FXGlobe’s capabilities, the platform allows users to trade on their terms by setting up their custom trading strategies using charts and technical analysis tools. FXGlobe’s web trader lets you access your account from anywhere using a PC or mobile device via an Internet connection. The company also offers mobile applications for Android and iOS devices which let you trade from your smartphone or tablet on the go.

Trading Tools

• Economic Calendar – An economic calendar is an essential tool that all traders can use to track current trends in their chosen markets. This tool shows you when certain events are occurring, such as holidays, elections or other events that might affect the value of your currency pair.
• Pip Value Calculator – The pip value calculator will calculate the pip value of your trade by determining how much you need to deposit and how much you get back based on your broker’s account settings. The calculator will display the total amount of money you can deposit in your account and the amount of money that will be returned to you when executing this trade.

Education

FXGlobe’s primary focus is on education and providing information about the markets in which its members trade. The company’s website not only has a wealth of information about the markets but also offers articles from experts who share their knowledge with readers.

FXGlobe Customer Support

At FXGlobe, they understand that customer support is essential for a successful trading experience. They provide 24/7 support to its customers. You can reach the customer service team via email, phone or live chat. The team is available to help you with your queries regarding the trading platform, account setup and any other issues you might be facing.

Our Verdict

FXGlobe is a leading online forex broker that provides traders with access to the global foreign exchange (forex) market. The company was founded in 2008 and has since grown into one of the most respected brokers in the industry, offering competitive spreads, fast execution speeds and excellent customer service.

At FXGlobe, traders can trade over 50 currency pairs on their award-winning trading platform which includes advanced charting tools and automated trading capabilities. They also offer a range of educational resources such as webinars, tutorials and eBooks for those who are new to forex trading or want to improve their skillset.

With its secure banking system backed by SSL encryption technology, 24/7 customer support team available via email or live chat plus low minimum deposit requirements – it’s no wonder why so many people choose FXGlobe as their preferred broker when it comes time for them to start investing in currencies around the world!

We find that FXGlobe is still a trustworthy forex broker and will continue to be for the foreseeable future. FXGlobe provides traders with the best rates in Kenya and across Africa. Their MT4 accounts are also highly intuitive and easy to use. Their customer service is beyond par excellence, and their customer care officers know the unique issues that traders face in trading.

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