Overview of Tibiglobe
Tibiglobe is a financial company based in South Africa, established within the past year. It operated under the regulation of the Financial Sector Conduct Authority (FSCA).
Tibiglobe offers a range of market instruments, including stocks, metals, indices, FX pairs, and cryptocurrencies. Traders can choose from various account types such as Spread, Raw, Pro, and VIP. The minimum deposit required to start trading is $50, making it accessible to a wide range of traders.
Tibiglobe provides traders with advanced trading platforms, including MT5 and Social Trader, offering powerful tools and features for efficient trading. Additionally, the company offers a demo account for users to practice trading strategies risk-free.
Customer support is available via phone at the South Africa and Cyprus offices, email, and ticketing system, ensuring prompt assistance to traders. Tibiglobe also offers educational resources such as webinars, e-books, and a glossary to help traders enhance their knowledge and skills in trading.
Regulatory Status
Tibiglobe operated under the regulatory oversight of the Financial Sector Conduct Authority (FSCA) in South Africa. As of the most recent information, Tibiglobe has exceeded the regulatory requirements set by the FSCA. The company held a Financial Service Corporate license (License No.: 50012) issued by the FSCA, effective on September 12, 2019. This license authorizes Tibiglobe (PTY) LTD to conduct financial services within the jurisdiction of South Africa.
Pros and Cons
Pros:
Wide range of market instruments: Tibiglobe offers a selection of market instruments including stocks, metals, indices, forex pairs, and cryptocurrencies, providing clients with various trading options to choose from.
Minimum deposit of $50: The low minimum deposit requirement of $50 makes Tibiglobe accessible to a wider range of traders, including those with smaller budgets.
Various educational resources: Tibiglobe provides educational resources such as webinars, e-books, and a glossary, which can benefit both beginner and experienced traders looking to enhance their trading knowledge.
Demo account availability: A demo account allows traders to practice trading strategies in a risk-free environment before committing real funds, which can be valuable for gaining experience and confidence in trading.
Cons:
Limited company history: Tibiglobe is a relatively new company in the market, its track record and reputation compared to more established brokerage firms may be concerning.
Relatively new in the market: As a newer player in the market, Tibiglobe may not have established a strong reputation or brand presence compared to more established brokerage firms with longer operating histories.
Limited customer support options: The availability of customer support options, including phone support and email, may be limited compared to brokers that offer additional channels such as live chat or dedicated support representatives.
Exceeded the regulation: Without active regulation, there may be limited oversight of Tibiglobe's activities, increasing the risk of unethical or fraudulent practices.
Market Instruments
Tibiglobe offers a range of market instruments, including stocks, metals, indices, FX pairs, and cryptocurrencies. These instruments provide traders with opportunities to diversify their portfolios and participate in various sectors of the financial markets.
Stocks allow traders to invest in shares of publicly traded companies, while metals such as gold and silver serve as popular safe-haven assets.
Indices represent baskets of stocks from specific exchanges, providing exposure to broader market movements.
FX pairs enable traders to speculate on the exchange rate between different currencies, while cryptocurrencies offer opportunities for trading digital assets such as Bitcoin and Ethereum.
Account Types
The account types offered by the platform include Spread, RAW, PRO, and VIP, each tailored to different trading needs and preferences.
The Spread account type requires a minimum deposit of $50 and offers dedicated support along with access to the MT5 Platform & Mobile App and WebTrader.
RAW accounts, requiring a higher minimum deposit of $200, feature both Spread and Commission trading options.
Like the Spread account, RAW also includes dedicated support and access to the trading platforms.
The PRO account, designed for experienced traders, necessitates a minimum deposit of $2,000 and offers dedicated support, access to MT5 Platform & Mobile App, and WebTrader, but without the Commission option.
Lastly, the VIP account type, requiring a minimum deposit of $5,000, provides Commission-based trading, dedicated support, and access to the trading platforms, but does not offer Spread-based trading.
How to Open an Account？
Opening an account with Tibiglobe is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:
Visit the Tibiglobe website and click “Open Account.”
Fill out the online application form: The form will request your personal information Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.
Fund your account: Tibiglobe offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit.
Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.
Start trading: Once your account is verified, you're ready to explore the Tibiglobe trading platform and start making trades.
Trading Platform
Tibiglobe offers two robust trading platforms: MetaTrader 5 (MT5) and Social Trader, each designed to meet the needs of traders.
MetaTrader 5 (MT5) is a widely acclaimed platform known for its advanced features and versatility. With MT5, traders can access a comprehensive suite of technical analysis tools, customizable charting capabilities, and automated trading options. The platform supports various order types, including market orders, pending orders, and stop orders, allowing traders to execute their strategies with precision. Additionally, MT5 offers a user-friendly interface, integration with indicators and expert advisors, and multi-asset trading capabilities, making it suitable for traders of all levels.
On the other hand, Social Trader provides a unique trading experience by integrating social networking features with trading functionalities. With Social Trader, traders can connect with other investors, share insights, and follow the trades of experienced traders in real time. This social aspect allows for collaborative trading, idea sharing, and learning from successful peers. Moreover, Social Trader offers a user-friendly interface, intuitive navigation, and advanced risk management tools, making it ideal for both novice and experienced traders seeking community engagement and social trading opportunities.
Customer Support
Tibiglobe provides comprehensive customer support to assist traders in South Africa and Cyprus, ensuring a good trading experience.
Traders can reach out to the South Africa office via phone at +27 11 7594010 or contact the Cyprus office at +357 25 266066.
Additionally, traders can connect with the support team via email at contactus@tibiglobe.comor submit a ticket for prompt assistance.
Educational Resources
Tibiglobe offers a range of educational resources to empower traders with knowledge and skills to enhance their trading experience.
Traders can benefit from webinars, interactive online sessions conducted by industry experts, covering various topics such as market analysis, trading strategies, and risk management.
Additionally, E-books provide in-depth insights into specific trading concepts, strategies, and market dynamics, allowing traders to deepen their understanding at their own pace.
Moreover, the glossary serves as a valuable reference tool, offering definitions and explanations of key trading terms and concepts, helping traders to familiarize themselves with industry jargon and terminology.
Conclusion
In summary, Tibiglobe offers a wide variety of trading options and a low minimum deposit requirement, making it accessible to many traders. They provide helpful educational resources and a demo account for practice.
However, being a newer player in the market attracts concerns about reliability, and their customer support options are limited. Moreover, their expired regulatory status with the FSCA may undermine trust in their adherence to regulations.
FAQs
Q: Can I update the personal information associated with my account？
A: Yes, all you have to do is send an email.
Q: How do I become an Affiliate？
A: To become a TibiGlobe affiliate: 1. Register an account here; 2. Choose between the Introducing Broker Program (up to 40% revenue share) or the Affiliate Program (up to $1000 per client); and 3. Share your partner's link.
Q: How can I verify my individual account？
A: To verify your individual account, complete our questionnaire. Then, upload the required documents, including Proof of Identity (ID, driver's license, or passport) and Proof of Address (utility bill, bank statement, or tax document dated within the last 6 months).
Q: Can I close my TiBiGLOBE account at any time？
A: Yes, you have the option to close your TiBiGLOBE account at any time. Please contact our customer support, and they will guide you through the account closure process. Our clients satisfaction is important to us.
Q: What is the minimum deposit required to start trading with Tibiglobe？
A: The minimum deposit required to start trading with Tibiglobe is $50.
Q: Does Tibiglobe offer a demo account for practice trading？
A: Yes, Tibiglobe provides a demo account for users to practice trading without risking real money.
2024-05-17 17:09
2024-03-13 18:23
