Contents
- 1 FXGlobe Basics
- 2 Our Opinion About FXGlobe
- 3 Regulation and Safety
- 4 Client Fund Safety
- 5 FXGlobe: Scam or Legit?
- 6 Trading Assets
- 7 Trading Instruments
- 8 FXGlobe Account Types
- 9 PathFinder Account
- 10 Navigator Account
- 11 Infinity Account
- 12 Leverage and Spreads
- 13 FXGlobe Registration – How To Open An Account
- 14 FXGlobe Registration – How To Verify An Account
- 15 Deposits & Withdrawals
- 16 Trading Platforms
- 17 Trading Tools
- 18 Education and Research
- 19 Trading Hours
- 20 FXGlobe Customer Support
- 21 Our Verdict
- 22 FXGlobe Forex Broker Review – FAQ
- 23 FXGlobe Forex Broker Review – Similar Brokers
FXGlobe Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | CySEC |
| 💰 Minimum Deposit | $250 (100000 Naira) |
| 💳 Deposit Options | Crypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire |
| 💳 Withdrawal Options | Crypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire |
| 📌Open an account | Start Trading with FXGlobe |
Our Opinion About FXGlobe
FXGlobe is a forex broker that was founded in 2008. The company is based in Cyprus, and they are a regulated broker, licenced by the Cyprus Securities and Exchange Commission.
When it comes to trading, FXGlobe values speed and transparency. They have three main trading accounts, all of which come with great trading conditions, including high leverage and fast trade execution. Their pricing models are clear and they have tight spreads. Their trading accounts come with great trading technology – including the MetaTrader trading platform. They also come with a wide range of tradable assets, including forex, stocks, commodities, indices, and cryptocurrencies.
When it comes to resources, FXGlobe values education and research. They offer a wide range of trading tools, including charts, technical indicators, news feeds, and market analysis. One of the best things about FXGlobe though is that they offer a high level of customer service. This means that each trader gets the support they need, whether that’s help with their trading activities, or help with their account.
Regulation and Safety
FXGlobe is regulated by CySEC (Cyprus Securities and Exchange Commission) and has been in business since 2008. CySEC is a reputable financial authority that imposes high regulatory standards. Their policies encourage forex brokers to offer good trading conditions, sensible leverage and risk management tools, transparent marketing campaigns, extensive client fund protection measures, and above all, fair treatment.
Client Fund Safety
All brokers offer some level of fund safety, but not all have segregated accounts. The FXGlobe broker offers segregated accounts. This means that it keeps client funds in a separate bank account, with top-tier banks, and cannot use client funds for operational purposes. FXGlobe also offers negative balance protection. This means that it cannot let client balances fall below zero.
FXGlobe: Scam or Legit?
FXGlobe is a legit forex broker. They have been providing trading services for many years and have a growing client base. They are regulated by a well-known financial authority, implement strict client fund safety policies, and have a good reputation within the industry. In terms of their products, they have a nice account offering with a good selection of trading instruments. They also have a good range of payment methods. In our opinion, they are a legit and reliable forex broker.
Trading Assets
FXGlobe offers 70+ trading instruments, including forex pairs, stocks, indices, and commodities. While the number of trading instruments is quite small compared to some other forex brokers, it is enough for most traders to create effective trading strategies.
Trading Instruments
- Forex: They offer 30+ currency pairs including major, minor, and exotic pairs. You can trade popular instruments including EUR/USD, GBP/USD, and USD/CHF.
- Shares: They offer 50+ CFDs on shares. You can trade many popular instruments across sectors such as technology, finance, transport, and energy.
- Indices: They haveCFDs on indices. You can choose from several popular indices across the global financial markets.
- Energies: They offer CFDs on energies. You can trade all of the most common instruments including US Brent and Crude oil.
- Metals: They offer CFD trading on metals. They have USD and EUR crosses for silver and gold. They offer trading on copper.
FXGlobe Account Types
FXGlobe offers a range of account types to suit your needs. You can choose from their three main trading accounts – the PathFinder account, the Navigator account, and the Infinity account. All accounts come with high leverage and low trading costs.
| Type | Spreads | Min. Deposit | Max. Leverage | Commission |
|---|---|---|---|---|
| Pathfinder | From 0.1 pips | $250 | 1:500 | $0 |
| Navigator | From 0.1 pips | $2,500 | 1:500 | $0 |
| Infinity | From 0.0 pips | $25,000 | 1:1000 | $7 per lot |
PathFinder Account
This is their beginner trading account. As such, it is a great choice for traders in Nigeria with less experience and less trading capital. It comes with spreads starting from 0.1 pips and there are no commissions. It also comes with high leverage of up to 1:500. The FXGlobe minimum deposit for this account is $250 and the base currency is USD. It is worth noting the FXGlobe PathFinder Account is only available on MT4.
This is their standard trading account. As such, it is a great choice for traders in Nigeria with more experience and more start-up trading capital. It comes with spreads starting from 0.1 pips and there are no commissions. It also comes with high leverage of up to 1:500. The FXGlobe minimum deposit for this account is $2500 and the base currency is USD. It is worth noting the FXGlobe Navigator Account is only available on MT4.
Infinity Account
This is their expert trading account. As such, it is a great choice for traders in Nigeria with a lot of experience and a large amount of trading capital. It comes with spreads starting from 0.0 pips and commission of $7 per lot. It also comes with high leverage of up to 1:500. The FXGlobe minimum deposit for this account is $25.000 and the base currency is USD. It is worth noting the FXGlobe Infinity Account is only available on MT4.
FXGlobe’s execution-only business model means no dealing desk, so clients don’t have to worry about any conflict of interest. Minimum trade size is 1,000 units (0.01).
Leverage and Spreads
FXGlobe is a forex broker that offers all of its customers the chance to get their trades executed with 1:200 leverage. In terms of spreads, FXGlobe starts with 0.02 pips but offers lower spreads than most brokers in the industry, at 0.04 pips on an average per trade.
FXGlobe Registration – How To Open An Account
As part of our FXGlobe broker review, we looked at their online registration process. If you live in Nigeria, then you can open a trading account. The registration process is very straightforward. To get started, go to their website, complete the form, and provide a few personal details. At this stage of the process, you will also be asked to provide your preferred login details.
Next, they might ask you to take a quick test. This is so that they can see how much you know about online trading, and decide if their services are suitable for you. At this stage of the process, you will just be asked a few short questions. Lastly, they might ask you to complete the KYC process, submit your documents, and choose your preferred account type. This is so that they can confirm your identity and verify your account.
FXGlobe Registration – How To Verify An Account
As part of our FXGlobe broker review, we looked at their account verification process. To open a live trading account you’ll need to show FXGlobe a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The account verification process is simple. You can provide copies of your National ID card, Passport or Driving License . You can also provide copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.
Deposits & Withdrawals
The FXGlobe has several options for depositing funds into your account, including bank wire, credit card. debit card, Neteller, and Skrill. You can also deposit Bitcoin or Ethereum if you want to use cryptocurrency as a payment method.
Trading Platforms
FXGlobe offers one of the industry’s best and most powerful online trading platforms – MetaTrader4. You can access the platform from any device.
MetaTrader4 – MetaTrader4 (MT4) is the world’s leading trading platform for new forex traders. It has a very user-friendly interface and comes with many handy, built-in trading tools. You can use it to trade all of the most popular and liquid trading instruments including forex, stocks, and indices. The FXPRIMUS MT4 trading platform has helpful charting tools, 4 order execution types, 30 technical indicators, and 23 analytical objects.
Trading Tools
FXGlobe offers a small selection of free trading tools to help you plan and manage your forex trades. You can use the trading tools on any device.
Pip Value Calculator – The Pip Value Calculator is a great tool for determining the value of a pip in your trading platform. It will allow you to calculate the price of your trades and then compare that to the current market price. You can also use this tool as a reference guide when trading securities, as it can show you how much money you would have made if you had purchased at the current time.
Economic Calendar – This tool is also useful for traders interested in knowing what economic news will be released soon. The Economic Calendar allows you to see all of the upcoming events and dates for each country, making it easier for traders to keep track of everything around them.
Education and Research
FXGlobe offers a wide range of educational materials that can help you learn how to trade forex, including videos, articles, and more. You can also take advantage of their live webinars where they will teach you about different aspects of trading strategies and how the financial markets work.
Trading Hours
FXGlobe trading hours are in line with standard trading hours. You can open trades whenever the financial markets are open. Trading hours may vary on public holidays.
FXGlobe Customer Support
FXGlobe has a dedicated customer support team ready to answer your questions 24/7. It offers multiple support levels, including email support, live chat, and a ticket-based system. You can also get in touch with their team through social media channels such as Facebook, Telegram, Twitter, and Reddit.
Our Verdict
FXGlobe Forex is one of Nigeria’s best and most trusted forex brokers. They have the lowest spread, one of the lowest commissions, and offer a full suite of functionalities and features. FXGlobe is 100% legit. It provides users with everything they need to succeed in the market place and best of all, it’s extremely user-friendly. You’ll be able to start making real money in no time! All you have to do is invest your initial deposit and watch your profits grow over time.
FXGlobe Forex Broker Review – FAQ
Yes, FXGlobe in Nigeria is a good forex broker. The FXGlobe broker has minimum deposits starting from $250, which is in line with many other brokers. They offer traders a wide range of assets including forex, stocks, commodities, and indices. They also offer great trading conditions, including high leverage and fast trade execution, ensuring you get a great online trading environment. In our opinion, FXGlobe is a great broker and a good choice for Nigerian traders.
Yes, FXGlobe in Nigeria is a legit forex broker. They have been offering online trading services for many years and have a growing, international clientbase. They are regulated by one of the strictest financial authorities in the world, and have an excellent reputation within the forex industry. In terms of their services, they have a good range of account types and trading instruments. They also have a good range of payment methods and a high level of client fund protection. In our opinion, FXGlobe is a legit forex broker and a good choice for Nigerian traders.
FXGlobe in Nigeria is a regulated forex broker. FXGlobe is regulated by CySEC (Cyprus Securities and Exchange Commission) and has been in business since 2008. CySEC is a reputable financial authority that imposes high regulatory standards. Their policies encourage forex brokers to offer good trading conditions, sensible leverage and risk management tools, transparent marketing campaigns, extensive client fund protection measures, and above all, fair treatment
Yes, FXGlobe in Nigeria is a safe forex broker. When it comes to fund safety, they choose to go beyond their basic regulatory requirements, and offer more comprehensive client fund protection measures. FXGlobe keeps all client funds in segregated accounts, separate from its operating capital. This means that they can never use client funds for their own operational purposes. In our opinion, FXGlobe is a safe company to trade with.
Yes, FXGlobe in Nigeria is good for beginners and new forex traders. They have a good selection of accounts and competitive trading conditions. They also have a large selection of trading tools and educational resources. For example, beginner traders, who may need more help, can learn more about trading through the FXGlobe webinars. This will give them access to expert insights and increase their chances of trading profitably.
FXGlobe in Nigeria is a great forex broker. They also have a wide range of trading instruments, trading platforms, and trading tools. They have great learning materials, helpful customer support, and good client fund security. However, if you want to look at alternative options, there are many great forex brokers as well. We recommend looking at HotForex, FXTM, FXPro, FXPrimus, and Instaforex.
Ready to start trading? Open an FXGlobe trading account.
FXGlobe Forex Broker Review – Similar Brokers
FXGlobe is a great forex broker for traders in Nigeria. However, if you want to look at other forex companies, there are also many other choices for Nigeria. Here are some similar brokers.
Looking for more options? Take a look at more of our forex broker reviews.