Score
FXGLOBE
Vanuatu|2-5 years| https://www.fxglobe.com/en/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
IrelandContact
Licenses
Single Core
1G
40G
Contact number
+44 2045427667
Other ways of contact
Broker Information
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FS International Limited
FXGLOBE
Vanuatu
Pyramid scheme complaint
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- The number of the complaints received by WikiFX have reached 149 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
- United KingdomFCA (license number: 611742) The regulatory status is abnormal, the official regulatory status is Unsubscribed. Please be aware of the risk!
- GermanyBaFin (license number: 136044) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
- This broker exceeds the business scope regulated by Germany BaFin(license number: 136044)BaFin Non-Forex Licence Non-Forex License. Please be aware of the risk!
- The Vanuatu VFSC regulation with license number: 700227 is an offshore regulation. Please be aware of the risk!
WikiFX Verification
Cyprus| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 2000$ |
| Minimum Spread | From 0 (EUR/USD), From 0 (Gold) |
| Products | Major currency pairs, minor currency pairs, commodities, stock index CFDs and futures |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 for Forex (Depends on the product traded) |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 100$ |
| Minimum Spread | From 16 (EUR/USD), From 32 (Gold) |
| Products | Major currency pairs, minor currency pairs, commodities, stock index CFDs and futures |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 for Forex (Depends on the product traded) |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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FXGLOBE · Company Summary
| FXGLOBE Review Summary | |
| Founded | 2015 |
| Registered Country/Region | Vanuatu |
| Regulation | CYSEC |
| Market Instruments | FX (major, minor, exotic), commodities, indices and shares |
| Demo Account | Available |
| Leverage | Up to 1:200 |
| Spread | 0.5 pips on the EUR/USD pair |
| Trading Platform | MT4, MT5, Web Trader |
| Min Deposit | $250 |
| Customer Support | Phone: +44 2045427667 |
| Email: support@fxglobe.com | |
| Multilingual live chat：Twitter: https://twitter.com/FXGlobeCommFacebook: https://www.facebook.com/FXGlobeCommunityInstagram: https://www.instagram.com/fxglobecommunity/YouTube: https://www.youtube.com/@fxglobecommunity | |
FXGLOBE Information
FS International Limited(FXGLOBE) is established in Vanuatu, regulated by CYSEC. It provides its clients more than 70 tradable financial instruments, including forex currency pairs, commodities, indices and cryptocurrencies, with leverage of up to 1:200. The original spread for MT4, MT5 and Web Trader platforms is 0.00 points.
Pros and Cons
| Pros | Cons |
| Regulated by CYSEC | High minimum deposit required |
| Variety of financial instruments | Reports of difficulties in withdrawing funds and experiencing severe slippage |
| Demo accounts available | Limited trading tools |
| Commission-free accounts offered | |
| Multiple trading platforms available (MT4, MT5, and Web Trader) |
Is FXGLOBE Legit?
It is regulated by the Cyprus Securities and Exchange Commission (CYSEC, License No. 205/13). However, it represents a unsubscribed status with the United Kingdom Financial Conduct Authority (FCA, License No. 611742) and a revoked regulatory status with the Vanuatu Financial Services Commission (VFSC, License No. 700227) and the Federal Financial Supervisory Authority (Ba Fin, License No. 136044), which may indicate a lack of oversight and consumer protection.
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
 | CYSEC | FXGlobe Ltd | Straight Through Processing(STP | 205/13 |
What Can I Trade on FXGLOBE?
FXGLOBE offers traders the opportunity to trade currency pairs, commodities, indices, shares and futures.
| Tradable Instruments | Supported |
| Commodities | ✔ |
| Stocks | ❌ |
| Forex | ✔ |
| Cryptocurrencies | ❌ |
| Indices | ✔ |
| Bonds | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
| Futures | ✔ |
Account Types
AvaTrade offers demo accounts for traders to practice and three live account types, namely Pathfinder, Navigator, and Infinity. The Pathfinder account is accessible for traders with a smaller budget with a minimum initial deposit of $/€/£250. The Navigator account is fit for more experienced traders with a higher minimum initial deposit of $/€/£2,500. The Infinity account is designed for professional traders and requires a minimum initial deposit of $/€/£25,000.
| Pathfinder | Navigator | Infinity | |
| Minimum Deposit | $/€/£250 | $/€/£2,500 | $/€/£25,000 |
| Execution | No Dealing Desk (NDD) | ||
| Minimum Trading Size | 1000 (0.01 lots) | ||
Leverage
FXGLOBE offers leverage options of up to 200:1, giving traders the opportunity to increase their potential profits.
FXGLOBE Fees
FXGLOBE Fees are still considered relatively low and attractive for traders. FXGLOBE offers raw spreads starting from 0.00 pips. The spread for EUR/USD is 0.5 pips.
Besides, FXGLOBE's account types are divided by commission: Pathfinder and Navigator are commission-free and suitable for trading with no additional costs; Infinity account commission $7 per lot, suitable for high trading volume
Trading Platform
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two popular platforms chosen by FXGLOBE to serve for clients of different preferences. Besides, FXGLOBE provides a Web Trader platform in which traders access their accounts and trade directly without the need for any software download.
Speaking of trading platforms, multiple choices are available with FXGLOBE. You can apply most of them on multiple devices, including Windows, MAC, Android, and IOS. You can check it out as follows:
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, MAC, IOS, Android | Investors of all experience levels |
| MT4 | ✔ | Windows, MAC, IOS, Android | Investors of all experience levels |
| Web Trader | ✔ | Windows, MAC, IOS, Android | Investors of all experience levels |
Deposit and Withdrawal
FXGLOBE offers free deposits. With the exception of SEPA's minimum deposit of €250 and Swift's minimum deposit of US $300, the minimum deposit for all other deposit methods is set at US $50.
While most withdrawals are free, it's worth noting that there is a $25 fee for withdrawals via Swift. The minimum withdrawal fee is $25 for most withdrawal methods, while the minimum withdrawal fee for Swift method is $300.
Deposit Options
| Deposit Options | Currencies | Max. Deposit | Min. Deposit | Fees | Processing Time |
| SEPA | EUR | Unlimited | €250 | No Commission | 1 to 4 business days |
| Swift | USD, EUR, GBP, SGD, AED, PLN | Unlimited | $300 | No Commission | 1 to 4 business days |
| Mastercard | USD, EUR, GBP, PLN | $20,000 | $50 | No Commission | Instant |
| Visa | USD, EUR, GBP, PLN | $20,000 | $50 | No Commission | Instant |
| Neteller | USD, EUR, GBP, BRL | $20,000 | $50 | No Commission | Instant |
| Skrill | USD, EUR, GBP, PLN | $20,000 | $50 | No Commission | Instant |
| PIX, TED, Boleto | BRL | BRL 200,000 | $50 | No Commission | Same business day |
| Africa Solutions / South Africa EFT | GHS, KES, NGN, ZAR, | ZAR 100,000, 10 Million NGN Per transaction | $50 | No Commission | Same business day |
| Cryptocurrency | Bitcoin, USDT ERC-20, USDT TRC-20 | Unlimited | $50 | No Commission | Instant |
Withdrawal Options
| Withdrawal Options | Currencies | Min. Withdrawal | Fees | Processing Time |
| SEPA | EUR | €25 | No Commission | 3 to 5 business days |
| Swift | USD, EUR, GBPPLN | $300 | No Commission | 3 to 5 business days |
| Mastercard | USD, EUR, GBP, PLN | $25 | No Commission | 1 to 5 business days |
| Visa | USD, EUR, GBP, PLN | $25 | No Commission | 1 to 5 business days |
| Neteller | USD, EUR, GBP, BRL | $25 | No Commission | Same business day |
| Skrill | USD, EUR, GBP, PLN | $25 | No Commission | Same business day |
| PIX, TED, Boleto | BRL | $25 | No Commission | Same business day |
| Africa Solutions / South Africa EFT | GHS, KES, NGN, ZAR, | $25 | No Commission | Same business day |
| Cryptocurrency | Bitcoin, USDT ERC-20, USDT TRC-20 | $25 | No Commission | Same business day |
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