Globex360 Review – ☑️Unbiased Pros & Cons Revealed ( 2021 )

Globex360 Review



According to research in South Africa GLOBEX360 is a forex broker company in South Africa that offers to trade with Forex and CFDs, indices, precious metals, energy, and cryptocurrencies.

A Quick Overview of our Global Prime Review:


Globex360 is regulated by the Financial Sector Conduct Authority in South Africa (FSCA), registered with the Companies and Intellectual Property Commission in South Africa, and offers its services through regulated trading partners globally – in South Africa, Kenya, Botswana, Nigeria, Chile, and Australia, but primarily focuses on the African continent.


Who is Globex360?


According to research in South Africa GLOBEX360 is a forex broker company in South Africa that offers to trade with Forex and CFDs, indices, precious metals, energy, and cryptocurrencies.

Globex360 was founded in 2017 by Paul Venter.

Globex360 is regulated by the Financial Sector Conduct Authority in South Africa (FSCA), registered with the Companies and Intellectual Property Commission in South Africa, and offers its services through regulated trading partners globally – in South Africa, Kenya, Botswana, Nigeria, Chile, and Australia, but primarily focuses on the African continent.

Citizens from Belgium, the United States, and Canada are not accepted as clients.


Safe or Scam


One of the best benchmarks to measure the safety of a broker like GLOBEX360 is to establish which regulating authorities are watchdogs over its actions.

Globex360 is regulated by the Financial Sector Conduct Authority in South Africa (FSCA) and follows guidelines of the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA 2002), the Prevention of Corruption Act 2002 (POCA 2002), as well as the Prevention of Terrorism Act 2002 (POTA 2002).

Globex360 keeps client funds in segregated accounts and cooperates with the most advanced technology providers in the market.

Traders who use the maximum leverage available are exposed to a negative balance, but the company’s risk department monitors clients’ risk-taking and if it is noticed that a client trades irresponsibly, he will be notified via e-mail and asked to reduce risk exposure.


Pros and Cons

✔️ Pros ❌ Cons
Variety of trading instruments Only provides MT4 trading platform
Different types of trading accounts, according to traders’ experience Does not accept clients from the US, Canada, and Belgium
Regulated by FSCA, FIAMLA, POCA 2002 and POTA 2002 The withdrawal process is very slow
Does not provide negative balance protection




Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

GLOBEX360 offers a maximum leverage ratio of 1: 400. The minimum leverage is 1:100 and available on basic accounts.




A forex account at GLOBEX360 is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.

Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.

GLOBEX360 offers the following types of accounts:


Basic account

The basic account gives a trader an entrance to Forex trading and needs a minimum deposit of $25 to open.


Standard Account

This account is for more experienced traders.

Leverage up to 1:200 can be used and spreads are from 1.6 pips. The minimum deposit for opening an account is $100.


Professional Account

A professional account can be opened through an account manager. It allows leverage up to 1:300, carries spread from 1.2 Pips and needs a minimum deposit of $5 000. You get a personal account manager.


Copy Account

This account allows you to copy trades from other traders with full control who you copy. Leverage of up to 1:300 can be used and a minimum deposit of $200 is needed for an account.



Market Instruments


The most popular market instruments available from most brokers for trading include:



Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.



Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management.



Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market.


Precious metals

The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.



The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.



Bitcoin (BTC) is the digital currency with the largest market capitalization.

Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability

Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.

Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as a new version of the blockchain with different rules.

GLOBEX360 offers the following of the above: a wide range of instruments including Forex, Indices, Precious Metals and Energy, and Cryptocurrencies.




Cost depends on different factors, like spread and margins, and GLOBEX360 clients may also experience different fee structures according to their country or place of residence.

The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.

GLOBEX360 offers different spreads and commissions on its different accounts: The tightest spreads are available on Pro accounts but at a high deposit of at least 5 000 USD.

There is no commission on the Basic account or Standard account, but a commission of 5USD per lot on the Pro account.

It does not charge deposit fees, but a withdrawal of under a certain amount carries a small charge depending on the base currency of a trading account.

Globex360 charges inactivity fees.


Deposit and Withdrawal


Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.

In the case of GLOBEX360 the following deposit options can be used to fund accounts: PayFast, BitCoin, Skrill, Neteller, Walletek, PayPal, Interbank Transfer, and Debit and Credit Cards.

Deposits to trading accounts can be made at any First National Bank. Globex360 accepts several different currencies like USD, EUR, and MMK. Deposits are subsequently converted into GBP, EUR, USD, CHF or other applicable currencies.

Deposits and withdrawals are free of charge, but a transfer fee could be charged by the client’s bank.

If the trader deposits or withdraws funds in a different currency than that of the trading account, Globex360 charges the relevant conversion fees.

Withdrawal requests are processed within one day but the time for the funds to reach a bank account can take 3-8 working days.


Trading Platforms


The forex trading platform provided by GLOBEX360 to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes.

GLOBEX360 provides the MetaTrader4 (MT4), and it is available for Windows, OS X, iOS and Android.

The broker has also its own propriety mobile platform, based on its famous copy trading service. With it, a trader can copy trades from successful leading traders from around the world in a few steps.


How to Open an Account


Similar to a bank, to register a forex trading account with GLOBEX360 for the first time, you will be required to go through a basic “know your customer” process, which will allow GLOBEX360 to ascertain that your submitted details and ensure the safety of your funds and account details.



Customer Support


Potential traders need to make sure the broker company they choose will offer sufficient support whenever they need it.

In the case of GLOBEX360 customers can reach the support team by means of phone, via live chat, and via email.

The customer support team of Globex360 can be reached 24 hours a day, 5 days a week.




Before starting to trade, potential clients of GLOBEX360 should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

Globex360 offers webinars and seminars to teach trading skills and explain the financial opportunities traders have.

They publish educational books and brochures and cooperate with business schools in other countries which can provide professional education courses and seminars to clients.

Globex360 offers a demo account and a knowledge base to all traders.




To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.

With GLOBEX360 they have access to research options like a glossary, economic calendar, calculators and e-books and brochures containing analytical tools to help them navigate the financial markets.




Being an awarded company instills extra confidence by traders.

Although GLOBEX360 is acclaimed by customers, there is no indication of awards won on its homepage.


Globex360 at a Glance

Broker’s Name Globex360
🏛️ Headquartered Sandton, South Africa
📅 Year Founded 2017
⚖️ Regulating Authorities FSCA
🌐 Countries not accepted for trade Belgium, United States and Canada
☪️ Islamic account (swap-free) Yes
👍 Demo Account Yes
📊 Institutional Accounts Yes
📊 Managed Accounts Yes
📈 Maximum Leverage 1:400
💰 Minimum Deposit $25
💳 Deposit Options PayFast, BitCoin, Skrill, Neteller, Walletek, PayPal, Interbank Transfer and Debit and Credit Cards
💳 Withdrawal Options PayFast, BitCoin, Skrill, Neteller, Walletek, PayPal, Interbank Transfer and Debit and Credit Cards
💻 Platform Types MT4
📱 OS Compatibility Mac, Windows, Linux, Web, Mobile, Android, iPone, iPad
📈 Tradable assets offered Forex, Indices, Commodities, Equities, Cryptocurrencies
👨‍💼 Languages supported on Website English
👥 Customer Support Languages English
📆 Customer Service Hours 24/5



GLOBEX360 is an online trading provider and STP broker. Globex360 is available for trading 24 hours a day, five days a week.

The broker is properly authorized and regulated by the Financial Sector Conduct Authority in South Africa, also known as (FSCA).

The broker offers a basic, standard, pro, and copy account to accommodate traders of all levels of expertise. Spreads and commissions differ on the accounts and minimum deposits start at a reasonable level.

The company offers a variety of trading instruments and the MT4 trading platform for trading.

It does not provide negative balance protection, the withdrawal process is very slow and clients from the US, Canada and Belgium cannot trade with them.




GLOBEX360 warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.

Before deciding to trade with GLOBEX360, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

GLOBEX360 warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence GLOBEX360 cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.


You might also like: Globex360 Account Types Overview

You might also like: Globex360 Demo Account – Step by Step

You might also like: Globex360 Fees and Spreads

You might also like: Globex360 Islamic Account Overview

You might also like: Globex360 Minimum Deposit

You might also like: Globex360 Sign up Bonus



Frequently Asked Questions


Trading environment


How many instruments can I trade with Globex360?

You can trade several different instruments with Globex360, which include the following:

  • Forex
  • Indices
  • Commodities
  • Equities
  • Cryptocurrencies


Which platforms are supported by Globex360?

Globex360 provides MT4.


Does Globex360 offer leverage?

Yes, Globex360 offers maximum leverage of up to 1: 400


What spreads can I expect with Globex360?

Globex360 offers different spreads on its various accounts.


Does Globex360 charge commission?

According to the Globex360 website, there are no commissions charged on the Basic and Standard Account and a commission of 5 USD charged per lot on the Professional or VIP Account.


Is Globex360 regulated and by whom?

Globex360 is registered and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and complies to FIAMLA 2002, POCA 2002 and POTA 2002.


Is Globex360 a recommended forex trading broker for experts and beginners?

Globex360 offers a good trading environment for beginner and experienced traders.


What is the overall rating out of 10 for Globex360?





What is the difference between a demo and a live trading account?

A demo account as is offered by broker companies like Globex360 is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and features.


Does Globex360 offer a demo account?



How long is the demo account valid?

The demo account can be used for an unlimited period.


Which live trading accounts does Globex360 offer?

  • Basic Account
  • Standard Account
  • Pro (VIP) Account
  • Copy Account


What are the available deposit currencies for a live trading account?



Deposits and withdrawals


What is the minimum deposit required to open an account with Globex360?

$ 25 for the Basic Account, $100 for the Standard Account.


How do you make a deposit and withdraw money with Globex360?

Globex360 offers the following deposit and withdrawal methods:

  • PayFast,
  • BitCoin,
  • Skrill,
  • Neteller,
  • Walletek,
  • PayPal,
  • Interbank Transfer
  • Debit and Credit Cards


Does Globex360 charge withdrawal fees?

There are no deposit fees but if a withdrawal is under a certain amount, a small charge is applied. Fees from financial institutions may further be applicable.


How long does it take to make a withdrawal?

Withdrawals from banks can take up to 3-7 working days. Credit Card and Debit Card withdrawals can take up to eight business days.


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