Overview of Globlex
Globlex, a Thai investment firm founded in 2004, offers a comprehensive online trading platform for Thai capital markets. While specific regulatory details are unavailable, they adhere to Thai regulations. Investors can trade various assets like stocks, bonds, derivatives, and mutual funds through cash balance or bond accounts.
Their mobile app facilitates account opening, while the web-based platform allows trading, portfolio management, and order tracking. Customer support is available via phone and email, with dedicated channels for complaints. They also provide educational resources like daily reports and live sessions to enhance users' trading knowledge.
Pros and Cons
Pros:
Wide Range of Market Instruments Available: Globlex offers a diverse selection of market instruments including stocks, bonds, derivatives, and mutual funds, providing investors with ample opportunities to diversify their portfolios and explore various investment options.
Convenient Online Trading Platform: Globlex's online trading platform provides users with a convenient and accessible way to trade in the Thai capital market. It allows for trading from any internet-connected device without the need for additional software downloads, enhancing flexibility and ease of use for investors.
Comprehensive Customer Support: Globlex offers robust customer support services across various channels including email and phone support, ensuring that customers can easily reach out for assistance with their inquiries or concerns. This proactive approach to customer service enhances overall satisfaction and fosters trust in the company's services.
Educational Resources for Traders: Globlex provides a variety of educational resources such as daily reports, technical insights, and analysis on derivatives, helping traders enhance their understanding of market dynamics and make informed investment decisions. These resources can empower investors to navigate the complexities of the financial markets more effectively.
Variety of Account Types Offered: Globlex offers two main types of accounts - Cash Balance Account and Bond Account, satisfying different investment preferences and needs. This variety allows investors to choose the account type that best aligns with their financial goals and trading strategies, enhancing flexibility and customization options.
Cons:
Not Regulated: One of the significant drawbacks of Globlex is its lack of regulatory oversight. Operating without regulated licenses raises concerns about investor protection, transparency, and adherence to industry standards and regulations, potentially exposing investors to higher risks.
Transaction Fees Should Apply: While Globlex offers a convenient online trading platform, it's likely that transaction fees apply for trades executed through the platform. These fees can add up and impact overall returns for investors, potentially reducing the attractiveness of using Globlex for trading purposes.
Potential Third-party Transfer Fees: Globlex offers multiple payment methods including bank transfers, which incur third-party transfer fees charged by banks or intermediary banks involved in the transfer process. These additional fees can increase the cost of depositing and withdrawing funds from Globlex accounts, impacting overall profitability for investors.
Regulatory Status
Globlex operates without regulated licenses. However, Globlex's privacy notice mentions adhering to Thai laws and regulations. This suggests they likely operate under the purview of a Thai financial regulatory body.
Market Instruments
Globlex is a Thai investment firm that offers a variety of financial products and services.
Securities Trading
You can buy and sell stocks, bonds, derivatives (financial instruments based on underlying assets), and mutual funds through Globlex. They act as a broker, connecting you with the Thai stock exchange.
Mutual Funds
Globlex allows you to buy and sell units in various mutual funds from different asset management companies. They can also help you choose funds based on your investment goals and recommend promising options.
Stock Borrowing and Lending
This service lets you borrow stocks (become a borrower) to sell them short in the market, or lend out your existing stocks (become a lender) to earn interest. Globlex acts as a facilitator, finding borrowers and lenders for you.
Account Types
Globlex offers two main account types for investors: Cash Balance Account and Bond Account.
Cash Balance Account is the standard account type suitable for most investors. It allows you to buy and sell stocks and other securities using funds readily available in your account. You can deposit cash beforehand and then use it for your trades.
If you're interested in investing in bonds, you'll need a dedicated Bond Account. However, Globlex requires you to have a Cash Balance Account first. This Bond Account allows you to buy and sell bonds issued by Thai companies and government entities.
How to Open an Account？
Globex offers a convenient online account opening process through their mobile app.
Download the eGlobex App: Search for “eGlobex” on the Apple App Store or Google Play and download the app to your smartphone.
Create an Account: Open the app and initiate the account creation process. You'll likely need to provide basic information like your name, email address, and desired login credentials.
Verify Your Identity: Globex requires identity verification for security purposes. Within the app, you'll be prompted to take a clear picture of your valid government-issued ID (likely your passport or national ID card). You also need to take a selfie for further verification.
Review and Submit: Once you've completed the previous steps, carefully review all the information you've entered. Ensure everything is accurate before submitting your application.
Approval Process: Globex will review your application and supporting documents. This process typically takes a short while, and you'll receive notification within the app once your account is approved.
Trading Platform
Globlex's online trading platform offers convenient access to the Thai capital market without requiring additional software downloads, accessible through any internet-connected device. Users can expect real-time stock quotes and market data for informed decision-making. The platform supports various order types, including market, limit, and stop orders, facilitating trading.
Additionally, users can manage their accounts efficiently, including monitoring portfolios, tracking order statuses, and accessing transaction history, ensuring a comprehensive trading experience.
Deposit & Withdrawal
Globlex offers multiple payment methods including bank transfers and a prepaid Mastercard linked to the Globlex Online Account. Bank transfers, including SEPA transfers for European users and other bank transfers, are standard options for depositing and withdrawing funds.
Transaction fees will apply, with potential variations based on account type and usage patterns. Additionally, users should be aware of possible third-party fees charged by banks or intermediary banks during transfers. However, specific fees associated with SEPA transfers for users outside Europe are not specified.
Customer Support
Globlex's customer support is comprehensive and accessible across various channels. Customers can reach out via email at info@globlex.co.th or through phone at 02-672-5999 for general inquiries. For assistance with their online trading system, they can contact 02-672-5959. In case of complaints, there are dedicated channels available at 02-672-5999 extensions 5921 or 5907.
This multi-faceted approach ensures that Globlex customers have ample avenues to seek assistance, ensuring their needs are promptly addressed and enhancing overall satisfaction with the company's services.
Educational Resources
Globlex provides a variety of educational resources to enhance users' understanding of trading and market dynamics. These resources include daily reports, technical insights, and analysis on derivatives. Users can access company-specific analyses and delve into derivative trading strategies. Additionally, educational content is delivered through Facebook Live sessions, offering interactive learning opportunities.
Conclusion
In conclusion, Globlex offers a comprehensive range of financial services and resources for investors interested in the Thai capital market. Despite its notable strengths such as a wide array of market instruments, convenient online trading platform, robust customer support, and educational resources, there are significant drawbacks to consider. These include the lack of regulatory oversight, potential transaction fees, and possible third-party transfer fees.
FAQs
Question: What types of financial products does Globlex offer？
Answer: Globlex provides a variety of investment options including stocks, bonds, derivatives, and mutual funds, allowing investors to diversify their portfolios.
Question: How can I access Globlex's online trading platform？
Answer: You can easily access Globlex's online trading platform through any internet-connected device without the need for additional software downloads, providing convenience and accessibility for traders.
Question: Does Globlex offer educational resources for investors？
Answer: Yes, Globlex provides a variety of educational resources such as daily reports, technical insights, and analysis on derivatives, empowering investors with valuable market knowledge to make informed investment decisions.
Question: Are there any fees associated with Globlex's services？
Answer: Globlex charges transaction fees for trades executed through their platform, along with potential third-party transfer fees for certain payment methods, which investors should be aware of when using their services.
