FXGLOBE is a forex and contract for difference (CFD) broker established in Cyprus on August 26, 2009. It primarily offers trading services in forex and CFDs. The official website for this broker is fxglobe.eu and fxglobe.com. fxglobe.eu serves clients outside Europe, while fxglobe.com does not offer services to jurisdictions such as the United States, Japan, Iran, and Europe, where it might violate local laws and regulations.
Corporate Background and Regulatory Status:
FXGLOBE is registered in Cyprus as FXGlobe Limited, with a registered address at Louki Akrita 2 Street, Limassol, 3030, Cyprus, and registration number HE 254133. It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 205/13.
FXGLOBE Limited operates fxglobe.eu and provides services. According to Whois information, fxglobe.eu's domain was registered on August 12, 2009. The company does not disclose its headquarters or specific office addresses on its official websites.
FXGLOBE is also registered in Vanuatu as FS International Limited, with registration dated October 13, 2019, and an address at Law Partners House, Kumul Highway, Port Vila, Vanuatu, and registration number 700227. It is authorized and regulated by the Vanuatu Financial Services Commission (VFSC).
In South Africa, the company is registered as APLFX (PTY) LTD, with registration dated July 12, 2021, and an address at First Floor, Kildare Centre Cnr of Kildare Road and Main Street, Newlands, Cape Town, 7700, South Africa. It is authorized and regulated by the Financial Sector Conduct Authority (FSCA) with license number 52045. The official website for FXGLOBE is fxglobe.eu and fxglobe.com, with domain registration dates as far back as 2009.
During FXGLOBE's operations, the broker received a considerable number of client complaints related to withdrawal difficulties, significant slippage, delays, disconnections, account freezes, and low-quality customer support. Some clients found it challenging to reach the support team, and at times, the provided information was incorrect or inaccurate.
Market Instruments:
FXGLOBE offers trading services in the forex market, which is the largest financial market globally, involving the buying and selling of different national currencies.
It also provides services for trading contract for difference (CFD) instruments. CFD trading involves financial derivative contracts that allow investors to speculate or hedge based on the price movements of assets without needing to own the underlying assets.
Account Types:
FXGLOBE offers three different types of trading accounts: Pathfinder, Navigator, and Infinity. All three accounts allow trading in USD, EUR, and GBP. The trades are executed without going through a dealing desk, and they involve no swap fees. Deposits and withdrawals are available through various methods.
Pathfinder Account: Minimum deposit of $250, EUR 250, or GBP 250, no commission, withdrawal processing time is 2-8 days.
Navigator Account: Minimum deposit of $2,500, EUR 2,500, or GBP 2,500, no commission, withdrawal processing time is 2-7 days.
Infinity Account: Minimum deposit of $25,000, EUR 25,000, or GBP 25,000, $7 commission per standard lot, withdrawal processing time is 2-3 days.
Trading Platform:
FXGLOBE provides the MT4 trading platform for clients, available on both web and mobile devices.
Customer Support:
Clients can contact FXGLOBE via phone at +357 22222694 (Europe) or +44-2045427667, and through email at support@fxglobe.eu or support@fxglobe.com. They can also use the "Contact Us" option on the broker's official website for further assistance or inquiries.
In conclusion：
FXGLOBE operates under CySEC regulation in Europe, but it faces issues outside the European jurisdiction, and its websites may lack critical information. Additionally, it has faced client complaints regarding trading conditions and support quality. It is marked as "suspicious" on the Traderknows platform.
