FXGlobe

About FXGlobe

FXGlobe is an online trading platform that allows traders to trade in various assets, including forex and CFDs. The platform offers 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 platforms in the world.

Its trading platform is powered by MetaTrader 4 (MT4), an advanced trading platform designed for high-frequency traders requiring fast execution, scalability and low latency. There are over 70+ different trading instruments available on FXGlobe. The company claims that it has an average uptime of 99%, which means that traders can easily access their accounts whenever they want to place orders.

FXGlobe has all the features you need for effective trading, including 24/5 customer support, a robust API for integrating into your own systems, and a mobile platform that makes accessing our services from anywhere.

Key Benefits

Regulation

The FXGlobe Forex platform is regulated by CySEC and MiFID II, which means it meets the standards of the financial services required by law. CYSEC is a model for financial regulation in the EU. It sets out the common principles for financial services regulation in Europe and the rules for their implementation.

Fund Safety

The segregated account ensures that clients’ funds are kept in an independent account from the broker’s trading accounts. This reduces the risk of a broker using client funds to benefit or pay its employees. Again, if there is an issue with the broker, such as bankruptcy or insolvency, client funds are still safe.

Trading Instruments

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.

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.

Account Types

FXGlobe is a forex broker that provides clients with various account types to suit their needs.

• The standard option is available for traders with a minimum deposit of $250.
• The pro option is ideal for traders who want more features but don’t have an enormous amount of funds to deposit. The minimum deposit for pro accounts is $1,000.
• FXGlobe’s proprietary ECN platform means no dealing desk is required. The minimum deposit for an ECN Razor account is $2,000.
• Like an ECN Razor account, FXGlobe’s Razor Plus accounts let you trade on its proprietary ECN platform and feature advanced trading tools like Stop Losses and Take Profits. The minimum deposit for a Razor Plus account is $3,000.

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 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

Pip value is the price at which a particular trade is executed. 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.

Leverage and Spreads

The FXGlobe’s leveraged spreads are 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. Traders can then use this leverage to trade currencies with spreads starting at 0.02 pips!

Documents

FXGlobe requires a valid email address and phone number to open a trading account with them. Additionally, you need to provide your passport or government-issued photo ID and a utility bill in your name that shows your name and address.

FXGlobe Support

FXGlobe provides 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.

Conclusion

We find that FXGlobe is still a trustable 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.