Besides the MetaTrader 4 platform, FXGlobe also offers its own web trading platform known as FXGlobe Web Trader. The proprietary platform comes complete with technical analysis and charting functions, economic calendars, and various other useful features. Another important feature of FXGlobe is that it has expanded in the past few years to now offer an extensive forex partners program. Besides being regulated by CySEC, FXGlobe conforms to the European Union’s Markets in Financial Instruments Directive 2004/39/EC or MiFID. The EU directive is enforced in the 31 member states of the European Economic Area and provides a framework for regulation of investment services firms.

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Deposits from third party credit cards are not allowed, so if the account is to be opened with a third party card, the account information must be adjusted accordingly. The account name and the name on the deposit method must be the same. In addition, FXGlobe conforms to the European Union’s Markets in Financial Instruments Directive 2004/39/EC or MiFID. The directive is enforced in the 31 member states of the European Economic Area and provides a regulation framework for investment services firms. The principal goal of the MiFID is to both protect consumers and to increase competition for businesses that provide investment services.

Demo accounts are also available that allow you to test out the different trading platforms and practice best forex brokers your trading strategies. If your MT4 demo account is inactive for 30 days, it will expire.

Customer support is available in English, French, Arabic, Greek, Italian and Japanese. The broker’s international branch doesn’t have the authorization to provide services to residents of any country but does so anyway.

It is are generally well-suited for FXGlobe to provide their Forex/CFD trading services to global clients. On February 13, 2017 I deposited $250 with the FXGlobe, not realizing they don’t accept U.S. traders. After learning that, I wanted to cancel the deal, but they kept the money anyway. Trading Brokers have spent thousands of hours researching and conducting in-depth analysis on hundreds of online trading brokers. FXGlobe have a variety of convenient methods for depositing and withdrawing funds from your trading account.

Is Fxglobe Regulated?

Inactive accounts are subject to a quarterly charge of $15 , relating to the maintenance/administration of such inactive accounts. Any inactive accounts that are holding zero balance/equity, shall be turned to a dormant account. For re-activation of dormant accounts, the customer must contact FXGlobe customer support and inform them that they wish to reactivate the dormant account. In addition to its strong customer service feature, FXGlobe has a notable social media presence. The company maintains active accounts at Twitter, Facebook, LinkedIn and YouTube.

This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.

All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor lexatrade forex brokers reviews accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Only the NFA regulated brokers featured on this site are available to U.S. customers. Before trading with any of the brokers or software potential clients should ensure they understand the risks and verify that the broker is properly licensed.

LexaTrade forex broker

If you need an MT4 broker, than compare this review to some of the other reviewed brokers on our site to give you an idea of which one will suite you best. You should be looking at things like their overall rating voted by us and our users, but also their location, if their regulated, if they allow what you want to do like scalping etc. Also check out their lexatrade scammers available account types, a broker with a good rating may not have features that you want. Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees.

The broker makes no charges for withdrawals, although if a bank wire transfer is chosen as the method of withdrawal, the bank to which the funds are being withdrawn may charge a fee. To begin trading quickly, the fastest way to make a deposit is through a major credit card such as Visa or MasterCard. 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 of asset classes via tradable instruments from over 60 markets. These include currency pairs, CFDs, equities, indexes and commodities.

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FXGlobe is a European Forex broker, owned and operated by FXGlobe Limited. ™Forex Peace Army, ForexPeaceArmy, FPA, and the FPA Shield Logo are all trademarks of the Forex Peace Army.

Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country. We don’t like to brag often and we’d happily admit we don’t know it all. But, what we do know is FX trading and we are focused on optimising our trading services, technology, and offering- to give you a far better experience since 2008 when our story began. FXGlobe is quickly establishing itself as a first choice for the retail and wholesale trading community. With a global presence and licensed in different jurisdiction around the world- FXGlobe will provide you with a transparent environment whereby you can safely and securely trade Margin FX and CFDs. The 100% LQDFX cash Bonus applies to all deposits above $250, in all account types, and it is instantly credited.

FXGlobe has branched out in the past few years and now offers an extensive forex partners program. The program implements a high commission plan for forex affiliates and forex introducing brokers. There are a number of other special offers including currency exchange free trading signals, one-to-one training, 7-day risk free account, and a refer a friend program. The following table contains FxGlobe’s rating summary based on three rating aspects, three experience levels, and three trading styles.

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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. While a bonus is definitely a plus and appreciated by many traders, the required minimum deposit is rather high especially for beginner traders. On top of that, the Foreign exchange market terms and conditions makes this bonus difficult to fully utilize. This website does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. This compensation should not be seen as an endorsement or recommendation by, nor shall it bias our broker reviews.

As a fully regulated broker we help customers of all levels around the world to step into the cutting-edge Margin FX and CFDs marketplace. The WebTrader was also sorely lacking, leaving us missing the robustness of the MT4 platform which we experienced with other brokers. FXGlobe currently offers their clients access to the widely popular MT4 platform along with a WebTrader and mobile trading apps. This especially becomes a problem after clients have registered and deposited their funds. Their main office is located in Cyprus and they are regulated by CySEC along with other regulatory bodies which include CONSOB, MFSA and more.

LexaTrade forex broker is a reviews website, and does not offer investment advice or services. Nothing on this website should be considered a recommendation or endorsement. We are not responsible for any losses you may incur, by investing with a company mentioned on this website. Always verify that the broker you choose, is licensed by your local financial regulator. The main reason that traders choose to go with a licensed Forex broker, instead of a scam Forex broker is because they are interested in trading, and not worrying about a broker becoming insolvent.

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As for the payment methods, you can choose between Bitcoin, Credit/debit cards, Ethereum, FasaPay, Neteller, Skrill and Wire transfer. The customer support is available via Callback, Email, Forum, Live chat, Office, Phone, Skype and Web form. All providers have a large percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXGlobe is a regulated trading broker with a simple offering including a modest selection of tradeable assets. The MT4 platform is easy to use thus making it an option for beginners whilst still having enough advanced functionality to satisfy the more experienced traders. The broker has a good selection of convenient account funding options and account types to suit different trading strategies.

These books and videos on trading can save a novice trader considerable money and aggravation due to problems they may encounter at the start of their trading career. The videos are brief, easy to understand and feature comprehensive tutorials and informative walkthroughs.

The identification can be a valid driver’s license, passport or other official photo identification. The utility receipt must have the same name as the one appearing on the credit card or bank statement. The two documents confirm the depositor’s name and address and are necessary to complete the account opening process.

  • As such, they have a current CySEC license, granting them the ability to offer financial services within Cyprus and the European Union.
  • They have low fees, tight spreads & rapid trade execution speeds.
  • They’re a member of the Traders Compensation Fund which implies that accounts have safety of as much as 20,000 euro within the occasion that the Forex Broker turns into bancrupt.
  • In order to begin trading immediately, the fastest way to make a deposit is through a major credit card such as MasterCard or Visa.
  • Mobile trading can be accessed on iPhone, iPad and Android devices.
  • Please read our Terms and Conditions and Privacy Policy for more information, and NFA’s Forex Investor Alert.

Discounts on commissions can be negotiated for high volume traders. Leverage is pretty average, and round about the level we’d prefer to trade at. There are brokers with much higher leverage, and we’d always advise beginners in particular, to be very wary. High leverage has the potential to bring high profits, but equally there is a big risk of losing everything. 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.

you should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your 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

We aim to provide unbiased online trading broker reviews to give traders a clear understanding of the different brokers available to them. Traders can use our free service but should do their own due diligence and make their own decisions when choosing an online trading broker suited to their individual needs. FXGlobe is a regulated trading broker offering 70+ instruments for trading on the MT4 platforms for desktop, web & mobile.

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These educational books and videos can save a novice trader considerable money that may otherwise be lost due to their own mistakes. The videos are short and easy to understand and feature comprehensive tutorials and informative walkthroughs. As previously mentioned, FXGlobe allows traders to use the MetaTrader 4.0 trading platform, which is currently the most widely used platform in the forex market. FXGlobe also offers its clients a full and comprehensive training course for the platform, with an interactive course and multiple training sessions, as well as manuals and guides being available for download.

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