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/10

FXGlobe

Cyprus|5-10 years|
Suspicious Scope of Business|Clone Firm Cyprus|High potential risk|

https://www.fxglobe.com/en/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Brazil 3.15

Surpassed 33.58% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

357-25870060
Support@Fxglobe.com
https://www.fxglobe.com/en/
https://www.facebook.com/FXGlobetrading/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

357-25870060

French

+33 1 79 99 30 47

Broker Information

More

Company Name

FXGlobe Limited

Company Abbreviation

FXGlobe

Platform registered country and region

Cyprus

Company website
Twitter
Facebook

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-25
  • The claimed CyprusCYSEC regulation (license number: 205/13) is verified as a clone firm. Please pay attention to the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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FXGlobe · Company Summary

Risk Warning

The claimed Cyprus CYSEC regulatory (license number: 205/13), verified as a clone firm, please pay attention to the risk and the potential scam!

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

General Information & Regulation

FXGlobe, a trading name of FXGlobe Limited, is allegedly an online forex and CFD broker registered in the Republic of Cyprus with Registration Number HE 254133 since 2008. The broker claims to provide its clients with over 70 tradable financial instruments with leverage up to 1:200 and raw spreads from 0.02 pips on the MetaTrader4 trading platform, as well as a choice of three different live account types and 24/5 customer support services. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that FXGlobe holds a clone Cyprus Securities and Exchange Commission (CYSEC) license. That is why its regulatory status on WikiFX is listed as “Clone” and receives a relatively low score of 1.45/10. Please be aware of the risk.

General Information & Regulation
General Information & Regulation

Market Instruments

FXGlobe advertises that it offers access to more than 70 trading instruments in financial markets which include forex (major, minor, exotic), CFDs, commodities, indices and shares.

Market Instruments

Account Types

FXGlobe claims to offer three types of trading accounts, namely Standard, Pro, ECN Razor and Razor Plus, with minimum initial deposit requirements of €250, €1,000, €2,000 and €3,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. The broker also promises to provide the MT4 demo account, however, it will expire if inactive for 30 days.

Account Types

Leverage

The maximum leverage ratio offered by FXGlobe is up to 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

FXGlobe claims to offer raw spreads from 0.02 pips.

Trading Platform Available

Platforms available for trading at FXGlobe are MT4 for Windows, Mac OS X, Web, Android and iOS. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading Platform Available

Deposit & Withdrawal

From the logos shown at the foot of the home page on FXGlobe‘s official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of MasterCard, Visa, Wire Transfer, Skrill, Neteller, etc. The minimum initial deposit requirement is said to be $250, while there is no mention of what the minimum withdrawal amount is. The broker’s website says that there is no deposit fee charged.

All withdrawals are said to be processed within 24 hours. Please note that funds can take longer to reach you depending on your withdrawal method.

Deposit & Withdrawal

Customer Support

FXGlobes customer support can be reached by telephone: 357-25870060, +33 1 79 99 30 47, email: Support@Fxglobe.com, Support@FxglobePartners.com. You can also follow this broker on social networks such as Twitter and Facebook. Company address: 2 Louki Akrita Street, Limassol, 3030, Cyprus.

User Reviews

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FX1218511020
more than one year
I doubt this FXGlobe is unlawful. Why? They refused to show me their regulatory license and kept urging me to create an account here. They are clearly scammers.
2023-02-21 21:35
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FX1133671713
more than one year
Stay away from FXGlobe! They have been proven to be cloned and are not subject to any legal regulation. Their website is no longer operational and unreachable. Please be careful!
2022-12-09 15:49
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