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GlobeX360 Review 2023
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GlobeX360 Review 2023
GlobeX360 is a broker established in 2017 that focuses on traders from the African continent. It is a provider of online trading services for Forex and CFDs on stocks, indices, cryptocurrencies, and commodities. GlobeX360 is registered with the Companies and Intellectual Property Commission (CIPC) and is regulated by the South African Financial Sector Conduct Authority (FSCA). In 2020, International Business Magazine was named Fastest Growing Forex Broker and Most Innovative Broker.To get more news about globex360 review, you can visit wikifx.com official website.
GlobeX360 is a newcomer to the Forex market. However, in a short time, this broker has already managed to open several representative offices not only in African countries, on which it focuses but also in South America and Australia. The company allows clients to make deposits in both local currencies and GBP, EUR, USD, CHF, as well as open multiple accounts in different currencies, and then easily transfer money between them.
GlobeX360 offers a wide range of currency pairs and CFDs, high leverage, and an MT4 terminal. However, the broker’s spreads are not the lowest on the market. Even on professional accounts, they start at 1.2 pips. Considering that other companies keep almost zero spreads, GlobeX360 is inferior to them in terms of optimal trading conditions.The broker strives to ensure the safety of its clients and their funds. At the initial stage of cooperation, the trader is provided with leverage of up to 1:300. Only in the process of trading can he request leverage of up to 1:500. At the same time, the GlobeX360 risk department constantly monitors the trade of all clients. If a trader exceeds the acceptable risk indicators, then the company reduces the leverage on his account.
The GlobeX360 broker offers investors standard solutions that are available in the MT4 terminal. Its clients can copy trades after following a signal provider, they can connect to the MAM service, and also use robotic advisors for automated trading. The company does not offer ready-made diversified portfolios of assets, however, experienced investors can form them on their own from instruments of varying volatility. The referral program is also good to earn additional income.GlobeX360’s solutions for passive investors
GlobeX360 provides its clients with an MT4 terminal, the functionality of which allows you to earn money without independent trading. The choice of an investment program primarily depends on the experience and knowledge of the investor, as well as on the preferred method of trading, which includes the help of a person or an algorithmic program. So, to receive passive income, a GlobeX360 client can choose:MAM service. With the help of a Multi-Account Manager, both an investor and a successful trader who has become a manager of several accounts can earn money. MAM works like this: the investor makes a deposit and connects to the manager’s account; after this, his transactions are copied to the subscriber’s accounts. After a successful transaction, the manager receives a part of the investor’s profit.
Signals from the MQL5.com website. The investor connects to the social trading service and selects a provider whose signals are copied to his account. As in the previous case, not only a passive market participant but also an active trader with a successful trading strategy can earn additional income here.
Expert Advisors (EAs). It is a solution for investors who trust a trading robot rather than a living person. GlobeX360’s clients can install Expert Advisors for automated trading from various developers.
Investing in MAM and connecting to the trade copy service is available to all GlobeX360’s clients. At the same time, only a trader who demonstrates a stable increase in the deposit can become a signal provider, and only a professional market participant can become a MAM manager. The use of Expert Advisors is allowed on both Standard and Professional accounts.
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When considering any trading platform, it's important to do your research and carefully evaluate the platform's features, fees, customer support, and reputation, among other factors. It's also a good idea to start a webpage with a demo account or small investments until you feel comfortable with the platform and your trading strategies.