In this GlobalFXM Review, we are going to take a look at the offer that this broker prepared for its traders. GlobalFXM operates on the financial market since 2019. When it comes to trading platforms, the broker features Web trader, MT5. The GlobalFXM minimum deposit is 300 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this GlobalFXM Review
| Website address: | globalfxm.com |
| Operated by: | Globalfx LTD |
| Licensed and authorised by regulatory bodies: | PIPSEC |
| Supported languages: | English |
| Customer support available via: | E-mail, phone, live-chat |
| Contact details: | [email protected] +442080774041 |
| Available deposit methods: | Bank transfer, Debit and Credit Card |
| Available withdrawal methods: | Bank transfers, Debit and Credit Cards |
| Minimum deposit: | 300 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 3,4 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (70), commodities, indices |
| Mobile app: |  |
| MetaTrader 4: |  |
| Other trading platforms: | Web trader, MT5 |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:300 |
| Social trading: | |
GlobalFXM Fees (typical spreads)
We have scanned fees (typical spreads) that GlobalFXM charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 3,4* | * | * | * | * |
*Typical spreads were recorded on 17.09.2020 at 09:46 for the standard account. GlobalFXM spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: FX-Edge, MarketsBull, YSIFX and WaveToMarkets
Frequently Asked Questions
🧐 Is GlobalFXM a Scam?
In accordance with our research, GlobalFXM is a broker licensed and regulated by the PIPSEC. While it is a good thing that the broker is regulated, the PIPSEC regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that GlobalFXM is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the GlobalFXM minimum deposit?
In order to start trading with GlobalFXM, you have to deposit at least 300 USD (Trading accounts can also be held in USD).
📵 What deposit and withdrawal methods GlobalFXM supports?
⚖️ Would you recommend me choosing GlobalFXM?
We don’t have our own personal experience with GlobalFXM. However, the broker is regulated by the PIPSEC which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with GlobalFXM.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
