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Scam Broker Investigator

By on May 22, 2019
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CySEC is the regulatory body who have issued FXGlobe with their licence, and it authorizes them to provide order reception and transmission services on behalf of its clients. The good news is that FXGlobe Ltd are also authorised by a number of other regulatory bodies including the CONSOB, BaFIN, and MFSA. FXGlobe also operate in accordance with MiFID, the European Markets in Financial Instruments forex Directive, and fully support its purpose. Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk.

Global FX International LP does not provide services to citizens of the United States and Canada. Traders at FXGlobe can use MetaTrader 4, MT4, Web Trader, and for mobile traders can use the MT4 Mobile which works on both Android & iOS. They offer a wide variety of assets to trade including; Forex / Currency pairs, Commodities , Indices and CFD’s for shares trading. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. We wait your updated review once you have had an experience of our Pro account with tighter spreads. Firstly, it must be stated that your account was not with FXGlobe, but with one of the group’s White Label in Thailand. Day 12 of January send other email they reply finaly say that will be processed end of the day.

Reviews posted from a disposable e-mail address (e.g. ) will not be published. Please submit your normal e-mail address that can be used to contact you.

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Where these two accounts really differ is the minimum deposit because the ECN Pro is $25,000 along with 0 pips. The FXGlobe scam, which is what this broker should be called, has a number of suspicious practices when it concerns the treatment of their clients and their clients’ money. In addition to their deposit bonus, https://lexatrade.biz/en/ FXGlobe also offers has a Refer a Friend program where they claim you can earn up to $800 real cash if you refer a friend. However be aware of the terms and conditions of this program which, like their bonus, comes with a host of strict terms. You can only receive this bonus if you make a minimum deposit of $250.

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71% of retail investor accounts lose money when trading CFDs with this provider. 73.83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing you money. The company offers a full service online brokerage to both retail and institutional clients featuring trading in the forex market, CFDs, indexes and various commodities like precious metals and crude oil. The broker is headquartered in Nicosia, Cyprus, and its official website is located at Overall, FXGlobe is a top forex online broker with a highly user friendly website, a demo trading account and over 60 tradable instruments. FXGlobe is fully regulated in the European Union and by CySec, although it does not accept customers from the United States.

  • Global FX offers to Forex traders different trading conditions, depending on the amount of the first replenishment .
  • These educational books and videos can save a novice trader considerable money that may otherwise be lost due to their own mistakes.
  • In addition to the company’s high quality customer support, FXGlobe offers its clients a Forex Academy, with video and financial book libraries.
  • FXGlobe is a regulated trading broker with a simple offering including a modest selection of tradeable assets.
  • He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies.
  • Be advised that past performance is not an indication of future performance.

Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of Forex & CFDs is not a reliable indicator of future results.

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FXGlobe support all the usual payment methods including Visa, Mastercard, Skrill, wire transfers, and a number of others. And an ECN Pro account which requires an initial deposit of at least $25,000. Let’s give you some of the other facts and figures connected with each account.

MT4 is available in various versions, and customers can trade in the markets using a special trading platform for computers, WebTrader and FXGlobe mobile applications for iOS and Android operating systems. All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. Indeed, the curating, sourcing, and organization lexatrade website of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker.

then now waited for more than 3 days, still no news from them or my withdrawal. Now, you are reviewing us here on FPA, but are telling half the story, and half of what you write is incorrect. We are sorry for the delay in releasing your funds and your bad experience but we were following procedures as a requirement of the supervision of our regulators forex and AML authorities. 5- It took 3 weeks and countless emails to get my money back, they reported me for money laundering without explaining why. 3- Leverage indication in the system was wrong and support just told me that I should ignore it because the system has problems. The next logical step was to create a brokerage and FXGlobe was born.

FXGlobe also offers their own web trading platform known as FXGlobe Web Trader, which has technical analysis and charting functions, economic calendars and other features. The screenshot below illustrates this platform and its technical analysis features, MarketWatch window, on screen trading buttons and position information features. FXGlobe gives its traders the opportunity to trade in a number https://lexatrade.biz/en/ of asset classes via tradable instruments from over 60 markets. These include currency pairs, CFDs, equities, indexes and commodities. Commodities include grains and precious metals, while available stock shares include those of eBay, Google, Apple, Exxon Mobile and Dell, to name just a few. Indexes include the S&P 500, the Dow Jones Industrial Average and the Nikkei225, among others.

Is Fxglobe A Good Broker?

Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. The names, products, services, branding/logos, and other trademarks lexatrade scammers or images featured or cited within this website are the property of their respective owners and the owners retain all legal rights therein.

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Traders Union is a site that allows you to follow all the news of the Forex market as well as promotions of Forex brokers, receive the most comprehensive analytical studies, and share your experience. The following table contains FxGlobe’s rating summary based on three rating aspects, three experience levels, and three trading styles. With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services. For more latest information of the website, please visit hercules.finance.

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FXGlobe is an established and fully regulated broker which strives to provide traders with optimum security and the confidence to trade with direct market prices. Fully regulated by CySEC and the FCA, FXGlobe prioritises client safety and security at all times.

AvaTrade is an award-winning trading broker that is regulated in 6 jurisdictions offering 1250+ instruments across multiple markets & trading platforms for web, desktop & mobile devices. They have low fees, tight spreads & rapid trade execution speeds. Furthermore, the broker’s support for the MetaTrader 4 trading platform makes its trading interface instantly recognizable to a large trader demographic. In addition, its customer service is available in multiple languages, and its educational programs are worthy of mention and can be extremely useful to both novice and seasoned traders. FXGlobe also offers educational services in the form of its Forex Academy that features video and financial book libraries.

Positions closed out earlier than they should have and on top of that, certain key tools were missing which robbed us of the true MT4 experience. Continue to read our FXGlobe safety review to find out more about this suspicious company. Another problem many people seem to be having is that customer support never answers their questions directly especially when asked about withdrawals. Numerous of FXGlobe’s present and past clients have complained about customer agents being evasive. The FXGlobe deposit bonus is not as attractive as they would like it to seem.

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FXGlobe customer support has agents available 24 hours a day, seven days a week. Contact with the broker’s support department can be made through live chat, phone callback and email. To complete the account opening procedure, a clear color scan or photograph of valid government identification is required.

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All client funds are held in top tier banks in segregated accounts. The minimum deposits for both of these accounts are high and the limited choice alienates a number of traders. FXGlobe is a brokerage company offering trading services currency pairs list for clients since 2008 with offices in Cyprus. A regulated broker equals a more responsible trading environment. As broker fees can vary and change, there may be additional fees that are not listed in this FXGlobe review.

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This is all standard stuff as far as forex brokers go, but the trouble starts with the other FXGlobe broker. Overall our online FXglobe review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online FXglobe or you find inaccurate details FXglobe broker review please get in touch with us and the changes will be applied. With multilingual support staffs available 24/5, attracting all kinds of traders with quality of trading and plenty of bonuses.

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