FXGLOBE RATING -OVERALL SCORE {70.92%} (?)

 

FxGlobe is a ECN/STP Forex broker based in Cyrpus and regulated by CySEC.

Deposit Requirements: 250 USD (ECN accounts from $10,000)

Funding: FxGlobe ATM Card | Credit Cards | Bank Wire | Neteller | PayPal | Skrill | JCB | CashU | GoCash | More Local Fund Methods

Platforms: MetaTrader-4 | WebTrader | Mobile Traders

Customer Support: English | Arabic | Spanish | French | Italian | Greek

» FxGlobe Website

Chart: FxGlobe Basic Ratings (Based on ForexRating Formula 5.0)

The RatingFormula 5.0 gives a good rating as concerns FxGlobe's 'Technology' and 'Trading Options' but a poor rating as concerns 'Competition' (due to wide spreads). FxGlobe seems a good choice for swing traders and Forex beginners. The ECN account offers better conditions for professional traders (minimum account is $10,000).

Chart: FxGlobe Special Ratings

FXGLOBE RATING SUMMARY

The following table contains FxGlobe's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • FXGLOBE FUNDS SAFETY
73.1%
  • FXGLOBE TRANSACTION COST
52.5%
  • FXGLOBE TRADING OPTIONS AVAILABLE
75.0%
  • FXGLOBE TECHNOLOGY
92.2%
  • OVERALL RATING
70.92%
TRADING EXPERIENCE  
  • FXGLOBE FOR FOREX BEGINNERS
70.8%
  • FXGLOBE FOR ADVANCED FOREX TRADERS
63.6%
  • FXGLOBE FOR PROFESSIONAL FOREX TRADERS
62.3%
TRADING STYLE  
  • FXGLOBE FOR INTRADAY TRADERS
64.2%
  • FXGLOBE FOR SWING TRADERS (MID-TERM)
71.7%
  • FXGLOBE FOR CARRY TRADERS (LONG-TERM)
56.1%

FXGLOBE DETAILED RATING REVIEW

FXGLOBE RATING ANALYSIS    
FXGLOBE TOTAL RATING   100.0% FxGlobe
      70.92%  
A. FXGLOBE  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 20.47% Rating the FxGlobe Safety
A.1 FxGlobe License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating 10.0% 6.50% FxGlobe is regulated by CySEC = 6.0% rating, MiFID Rating = +0.5% | Total = 6.5%
A.2 FxGlobe Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 4.00% FxGlobe offers client compensation (in case of insolvency) up to 20,000 EUR through ICF = 4.0% rating
A.3 FxGlobe Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 3.00% FxGlobe maintains headquarters in Cyprus = 3.0% rating
A.4 FxGlobe Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 4.00% FxGlobe was found in 2009 (5-10 years) = 4.0% rating
A.5 FxGlobe Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 2.50% FxGlobe provides client bank segregated accounts = 2.5%
A.6 FxGlobe Web Ratings ForexPeaceArmy Rating = 0.5% rating 0.5% 0.47% FxGlobe ForexPeaceArmy Rating is 4.7/5.0 = 0.47% rating
A.7 (+) FxGlobe ADJUSTING RESULTS        
A.7.1 FxGlobe Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 0.00% FxGlobe handles less than 250,000 accounts = 0% Rating
B. FXGLOBE TRANSACTION COST MAX WEIGHT→ 28.0% 14.70% Rating the FxGlobe Transaction Cost
B.1 FxGlobe spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 2.00% Typical FxGlobe EURUSD spread is 1.9 pip = 2.0% rating
B.2 FxGlobe spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 0.50% Typical FxGlobe GBPUSD spread is 2.7 pips = 0.5% rating
B.3 FxGlobe spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 0.50% Typical FxGlobe USDJPY spread is 2.8 pips = 0.5% rating
B.4 FxGlobe Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 7.00% FxGlobe does not charge trading commissions on the tested account type = 7.0%
B.5 FxGlobe Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.70% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0% 0.70% FxGlobe rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$4.26 | FxGlobe rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$0.73 | Total cost in absolute value is $3.53, rating = 0.70%
B.6 FxGlobe Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 2.00% FxGlobe does not charge withdrawal commissions = 2.0% rating
B.7 FxGlobe Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 0.00% FxGlobe charges Inactive Fees after 90 days of no activity (quarterly charge of $15) = 0.0% rating
B.8 (+) FxGlobe ADJUSTING RESULTS        
B.8.1 FxGlobe Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 2.00% ECN Order Execution Model = +2% rating
C. FXGLOBE TRADING OPTIONS MAX WEIGHT→ 28.0% 21.00% Rating the FxGlobe Options for Traders
C.1 FxGlobe Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 8.00% FxGlobe Provides 52 Forex Pairs = 8.0% rating
C.2 FxGlobe CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% FxGlobe offers CFD trading = 2.5% rating
C.3 FxGlobe CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 0.00% No CFDs on Futures = 0.0% rating
C.4 FxGlobe Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% FxGlobe Provides a free Demo/Practice account = 2.0% rating
C.5 FxGlobe Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 1.00% 300:1 max Trading Leverage = 1.0% rating
C.6 FxGlobe Bonus/Rebate Promotions   5.0%    
C.6.1 FxGlobe Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   0.00% No Welcome Bonus = 0.0% rating
C.6.2 FxGlobe Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   1.00% FxGlobe Offers some trade rebates (about 10% of total cost) = 1% rating
C.7 FxGlobe Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 1.50% The min. deposit amount is $250 = 1.5% rating
C.8 FxGlobe Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 2.50% FxGlobe offers 5+ deposit methods = 2.5% rating
C.9 FxGlobe Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 2.50% FxGlobe offers 5+ withdrawal methods = 2.5% rating
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 0.00% FxGlobe offers over 4 pips minimum stop-out order distance = 0.0% rating
C.11 (+) FxGlobe ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.00% 52 Forex pairs = +0% rating
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.00% No = +0%
C.11.3 FxGlobe Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.00% FxGlobe does not offer a Real/Demo Account Competition = +0.00% rating
D. FXGLOBE TECHNOLOGY MAX WEIGHT→ 16.0% 14.75% Rating the FxGlobe Technological Efficiency
D.1 FxGlobe Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 2.00% FxGlobe offers 2 platforms (MT4 and Webtrader) = 2.0% rating
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% FxGlobe is offering 'Trading-On-Charts' = 1.0% rating
D.3 FxGlobe Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 0.25% FxGlobe Slippage on execution is less than 1.75 pip = 0.25% rating
D.4 FxGlobe Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% FxGlobe allows automated trading = 2.0% rating
D.5 FxGlobe MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.00% FxGlobe offers the MT4 platform = 2.0% rating
D.6 FxGlobe Mobile Apps iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points 2.0% 2.00% FxGlobe offers an MT4 App for iOs and Android = 2.0% rating
D.7 FxGlobe Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 1.00% FxGlobe allows both Scalping and Hedging = 1.0% rating
D.8 FxGlobe Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 4.00% FxGlobe offers 24/6 Customer support = 0.5%, via eMail, Phone, Live Chat, Callback = 3.5% | Total rating is 4.0%
D.9 (+) FxGlobe ADJUSTING RESULTS        
D.9.1 FxGlobe PAMM / MAM Accounts PAMM / MAM Accounts = +0.5% rating | No = 0 % rating 0.5% 0.50% PAMM/MAM accounts = +0.0%
D.9.2 FxGlobe Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.00% FxGlobe is not offering a free VPS hosting service = +0.0%
D.9.3 FxGlobe API Trading API trading = +0.5 % rating | No API = 0.0 % rating 0.5% 0.00% FxGlobe is not offering API trading = +0.0%
    TOTAL FXGLOBE RATING 70.92%  

FXGLOBE LICENSES AND LEGAL INFORMATION

■ FxGlobe is the trading name of FxGlobe Limited, based in Cyprus (HE 254133)

■ FxGlobe is regulated by CySEC (Cyprus), Registration Number: 205/13 » License Page in CySEC Website

■ FxGlobe is a member of ICF and covers up to 20,000 EUR per client in case of corporate insolvency

 

 

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FxGlobe Rating Review

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