Headquartered in the Marshall Islands, Globalix is an online trading broker that offers CFD trading in stocks, commodities, and indices while offering adequate leverage, competitive spreads, and no commission. They provide clients with their proprietary trading platforms and some educational materials, and a client support team is also available to assist traders.
Globalix Review Introduction
In this Globalix review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Globalix.
Globalix Platforms & Tools
The broker provides traders with the Globalix trading platform, which was developed in-house. The platform is available in two versions, namely: Globalix WebTrader and Mobile Trader. The web platform runs directly on modern web browsers and operating systems, such as Google Chrome, Safari, Firefox, and Edge, without the need to download or install any additional software. There are mobile trading apps for android and iOS devices and can be downloaded from the relevant app stores. With the mobile app, traders can get access to their trading accounts and can place trades at any time and from anywhere they may be, provided they have access to the internet.
Globalix Research & Education
Educational resources are very beneficial to traders as it helps them to be aware of the factors that are moving the financial markets and also improve their trading skills and knowledge. So, the broker makes available several educational materials, such as Forex Glossary, which comprises a range of trading terms and their detailed explanations; an FAQ section that gives instant answers to the most commonly asked questions by traders; eBooks; and a Trading School.
Globalix Trading Accounts
Globalix provides traders with a choice of four different account types: Classic, Gold, Platinum, and VIP Accounts. The minimum deposit required to commence trading is 250 $/€/£. The minimum transaction size varies with the asset being traded, but no commission is charged on trades. Demo accounts are also available; they come preloaded with virtual funds and are recommended for beginner traders as they allow them to test out the broker’s platform and practice various trading strategies with virtual funds before opening a live trading account.
Globalix Account Funding
Traders can deposit and withdraw funds to and from their trading accounts using any of the following payment methods:
- Bank wire transfer
- Credit/ Debit Cards — such as Visa, MasterCard, and Maestro.
- Online Payment Processors — including Skrill.
The transaction limits and processing times are dependent on the payment method.
Globalix Customer Service
Globalix offers a customer support team that is available 24/7 and can be reached via telephone, email, and Live Chat.
Globalix is not regulated by any known financial authority. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm.
Globalix Review Summary
Globalix is an online trading broker that was founded in 2013 in the Marshall Islands. They offer multiple financial instruments across different asset classes for trading online via their proprietary trading platform that is available in the web and mobile versions. They also offer multiple account options with leverage and competitive spreads whilst charging no commission on trades. Clients also enjoy access to educational materials and a client support team.
It is worth mentioning that some of the trading products and services in this Globalix review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Globalix broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.