Globex360 broker minimum deposit

This globex360 trading account performs orders at market execution quotes, and has free account management.

Best forex bonuses

GlobeX360 REVIEW 2020, globex360 broker minimum deposit.

The maximum leverage level is 1:400, since the maximum order size is fifty(50) lots. The account also offers minimum spread starting from 1.2, with a commission of eight dollars($8) per lot. One of the main drawbacks of the basic account is that traders with this type of account will not have access to the knowledge base of globex360, and they won’t be able to have the option of automated trading.

Globex360 REVIEW 2020

Globex360 summary

Globex360 is an online trading provider that was founded in 2017, with a primary focus on the continent of africa.

Throughout the span of two years, it has become one of the leading online brokerage firms that accept clients from all over the world. Globex360 has a global presence in various geographical areas that allows them to offer their clients quality services and technical support.

Globex360 has financial partners that are based in south africa, kenya, botswana, nigeria, chile, and australia; they also registered with the companies and intellectual property commission in south africa.

This globex360 review is an in-depth analysis of everything there is to know about this forex trading services provider and what it has to offer.

Who is the founder and owner of globex360?

Global exchange 360 or globex360 for short, takes great pride in being the first black woman-owned forex broker in the world.

The broker was founded by nombuso mkhulise, who is considered to be one of the most accomplished women in the financial sector and the only black woman to own a brokerage firm. The down to earth founder and chief executive officer was born in diepkloof (soweto), johannesburg, with her grandmother after losing her mother at the very young age of 10. She has completed her civil engineering studies at the deutsche schule johannesburg (DSJ) with a bursary, thanks to her great academic achievements. She considers herself to be a seasoned CEO and that her company is ready to serve clients from all around the globe, hence the name “globex – global exchange.”

Mkhulise aims to challenge the status quo and invites more women to venture into what was considered a boys club for so long, in order to gain financial freedom.

Globex 360 main features
established in: 2017	headquarters: johannesburg
regulations: FSP under license no 50130	country of regulation: south africa
minimum deposit: $25	platforms: MT4, socialcopy trade
demo account available: yes	leverage: up to 1:500
withdrawal fee amount: 0$	inactivity fee: yes

Variety of trading instruments

Different types of trading accounts, according to traders’ experience

Regulated by the financial sector conduct authority in south africa, also known as (FSCA)

In accordance to the financial intelligence and anti-money laundering act 2002 (FIAMLA 2002), the prevention of corruption act 2002 (POCA 2002) and the prevention of terrorism act 2002 (POTA 2002)

Only provides MT4 trading platform

Does not accept clients from the US, canada and belgium

Withdrawal process is very very slow

Does not provide negative balance protection

Safety and regulation

Globex360 is regulated by the financial sector conduct authority in south africa, also known as (FSCA). They are also obligated to follow the guidelines of the financial intelligence and anti-money laundering act 2002 (FIAMLA 2002), as well as the prevention of corruption act 2002 (POCA 2002) and the prevention of terrorism act 2002 (POTA 2002).

Globex360 (PTY)LTD is authorized by the FSP under license no 50130; globex360 is the brand name of GLOBEX wealth GROUP LTD, registered under the financial sector conduct authority (FSCA) in south africa.

Globex360 is registered and regulated by the financial body in south africa, which is one of the most prominent areas for financial and monetary regulations of trading application services.

Globex360 keeps client funds in segregated accounts to keep from merging the funds of clients to those of the corporation. The segregated accounts show the high level of transparency and concern of the company towards the client’s funds and personal information.

Globex360 is in compliance, with the financial intelligence and anti-money laundering act 2002 (FIAMLA 2002), the prevention of corruption act 2002 (POCA 2002) and the prevention of terrorism act 2002 (POTA 2002). These acts are in place to avoid any illegal and unlawful activity that could occur within the company, ensuring that the clients are safe from being exposed from the aforementioned criminal acts.

Regulated by the financial sector conduct authority in south africa, also known as (FSCA)

In accordance to the financial intelligence and anti-money laundering act 2002 (FIAMLA 2002), the prevention of corruption act 2002 (POCA 2002) and the prevention of terrorism act 2002 (POTA 2002)

Client funds stored in segregated accounts

Does not provide negative balance protection

Does not provide investor protection

Globex360 fees

You do not have to worry about deposit fees and withdrawal fees, because there are none.

The minimum deposit for the basic account is 100USD and the standard account is 500USD, while the minimum deposit for the professionalvip account is 5000USD; this is also considered relatively low.

Deposit and withdrawal fees
deposit fee	0USD
withdrawal fee	0USD
inactivity fee	5USD
account fee	0USD

globex360 fees vs. Competitor fees
globex360	octafx	avatrade	XM group
account fee	no	no	no	no
inactivity fee	yes	no	yes	yes
deposit fee	0$	0$	0$	0$
withdrawal fee	0$	0$	0$	0$

Globex360 trading fees

With globex360, there is a minimum and a maximum trade size; the minimum trade size is 0.01 lots and the maximum trade size is 50 lots. There is a maximum amount of orders for traders that can be opened on their MT4 trading account, which is fifty orders. Their execution speed for order is, on average, approximately two-hundred milliseconds; this is considered to be very fast and efficient to benefit traders.

Globex360 have a 100/30 percent margin call-stop level, but the trader’s account may be exposed to a margin call if the trading account’s equity lies in a level that is equal to the margin of the trader’s existing position.

Another feature and trading condition that globex360 provides is hedging and scalping. The required margin for hedging positions on the three accounts is zero, and there are no time limitations for keeping the positions open for traders.

With globex360, there is a possibility for traders to face a negative balance if they use the maximum leverage level that is available. A negative balance could also occur if there is a slippage, due to a period of high volatility.

The broker has a risk department is constantly and consistently track their clients’ progress when it comes to risk-taking decisions and strategies. This allows globex360 to monitor and see if a trader is making irresponsible trading decisions, then the broker will notify the trader through an email with the contents of asking them to reduce their risk exposure.

The broker may also reduce the maximum leverage level on the client’s trading account, to ensure that they are trading responsibly and not exposing themselves to major financial risk.

With globex360, negative balance protection is not guaranteed by the broker. The general practice of negative balance protection is based on a case-to-case review.

Account opening

The three trading accounts of globex360 are: basic account, standard account, and professional or VIP account. These are all available for you on globex360, but it depends on your trading knowledge.

Minimum deposit of 100USD for basic and standard

Account management is free

Forex, commodities, indices, and cfds available

Globex360 basic account

The first globex360 account available for you is the basic account with an instant execution type and the free support of an account manager. The maximum leverage level is 1:100 and a minimum spread starts from 2.0. There is also a commission charged for trading, which is 12USD per lot.

The available trading instruments on the basic account are forex, commodities, and indices, with the MT4 trading platform. The maximum order size is ten lots and there is a guaranteed stop loss order, which is reasonable for traders with the basic account. The minimum initial deposit is one-hundred dollars.

One of the main drawbacks of the basic account is that traders with this type of account will not have access to the knowledge base of globex360, and they won’t be able to have the option of automated trading.

Instant execution

Low minimum deposit (100USD)

Guaranteed stop-loss orders available

No access to educational resources

No access to automated trading

High trading commission

Globex360 standard account

The second account type that globex360 provides is the standard account. This account is similar to the basic account, but there are some improvements. The execution type is market execution, you get the support of an account manager and can also access automated trading.

The maximum leverage level for the standard account is 1:200, and they provide minimum spreads from 1.6. The commission charged for each lot is 10USD and the maximum order size is twenty lots. The standard account offers forex, commodities, and indices as instruments for trading, with the MT4 trading platform available for the trader’s convenience.

The minimum initial deposit is five hundred dollars($500) and you can immediately gain access to the educational materials of globex360.

Free account management

Market execution

Guaranteed stop-loss order

Access to automated trading

No access to personal account manager

Only available on MT4 trading platform

High trading commission

High minimum deposit ($500)

Globex360 professional or VIP account

The final and most beneficial trading account is the professional or VIP account.

This globex360 trading account performs orders at market execution quotes, and has free account management. The maximum leverage level is 1:400, since the maximum order size is fifty(50) lots. The account also offers minimum spread starting from 1.2, with a commission of eight dollars($8) per lot.

Similar to the standard account, traders can access forex, commodities, indices as well as automaded trading services. Unlike the other two trading accounts, there is the option for a personal account manager and the minimum initial deposit would be five thousand dollars($5000).

Access to automated trading

Guaranteed stop-loss order

Personal account manager available

High minimum deposit (5000USD)

Only available on MT4 trading platform

High trading commission

How to open a globex360 account

STEP ONE: fill out the online application with your personal information and trading preferences.

STEP TWO: open your email to verify your login credentials.

STEP THREE: upload documents of your bank statement, proof of address (POA), and a copy of your passport or ID as a form of proof of identity.

Deposit and withdrawal

There are several methods of payment, for depositing and withdrawing funds. These methods include: payfast, bitcoin, debit and credit cards.

Globex360 accepts several different currencies such as: USD, EUR, and MMK. The deposits and withdrawals are free of charge, but a transfer fee could be charged by the bank and not by the broker.

Globex360 will also not cover conversion fees, if the trader deposits or withdraws funds that are a different currency than that of the trading account.

Deposits

The globex360 minimum deposit for all trading account types is 25USD. However, the VIP account has a specific condition, where the trader must reach a monetary minimum balance of fifty thousand dollars.

With globex360, it is possible for traders to withdraw funds through a different payment method from that used for depositing. The funds will be withdrawn and deposited through the same method of payment, but globex360 gives traders the option to transfer funds to a different mode of payment, as long as it is under the same name and personal information.

Globex360 review

Globex360 is a regulated trading broker that has a limited range of instruments for trading online via the popular metatrader 4 (MT4) platform for desktop, web and mobile devices. The trading brokers review team found this broker not the cheapest option whilst they could improve on the educational resources provided. However, they do have a social trading platform and a variety of account types to choose from.

Globex360 review, pros & cons

Regulated broker

Copy trading platform

Islamic accounts

Popular MT4 platform

FIX API

Not the lowest spreads & commission fees

Limited trading instruments

Limited deposit/withdrawal options

No individual stock cfds

Lack of educational resources

No live chat support

No belgium, US or canada clients

In this detailed globex360 review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Globex360 is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including globex360.

Globex360 review: summary

Founded in 2017, globex360 is a global online trading services provider based in south africa. Clients can choose from over 100+ trading instruments from multiple asset classes including forex, commodities and indices. The broker offers online trading with competitive spreads, leverage of up to 1:500 and has no hidden fees. However, the brokers spreads starting from 1.2 pips are not the lowest considering some brokers have spreads that start from 0 pips. The commission charges from $8 are also not the cheapest.

Globex360 review: broker features

Globex360 review: regulation

Globex360 is an authorised financial services provider registered and regulated under the financial sector conduct authority (FSCA) in south africa. The FSCA is responsible for the regulation of financial institutions in south africa.

The FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect investors by promoting fair treatment as well as providing them with financial education. They aim to ensure there is an efficient and stable environment where customers are informed, protected and treated fairly.

At globex360, the safety of your funds is paramount to the brokers activity. With this in mind, all client funds are held in a segregated account separate from the company’s funds. This means that they should not be used for any other purposes such as day to day business running costs.

Globex360 review: countries

Globex360 products and services are not intended for belgium, US and canada residents. Some globex360 broker features and products mentioned within this globex360 review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Globex360 review: trading platforms

Metatrader 4 (MT4)

Globex360 review: MT4 trading platforms

Globex360 offer online trading via the ever popular metatrader 4 (MT4) platform which is used by millions of traders all over the globe and an obvious choice for many brokers. MT4 is known for its user-friendly interface that is fully customisable and features automatic monitoring, advanced charts and live analysis. Its classic design and powerful analytical tools make it a mainstay within the trading industry.

Whether you’re interested in automated trading or building your own setup with add-ons, MT4’s long-standing community enables you to add signals, indicators, and oscillators to your trading strategies.

Some of the key MT4 platform features include:

Real time bid/ask price quotes via market watch window

Multiple chart types & timeframes

Supports multiple order types

Built-in technical indicators & drawing objects for analysing charts

Automated trading with expert advisors (eas)

Strategy tester to back test eas over historical data

MQL community to share ideas & tools with other traders

Metaeditor to develop custom indicators, scripts & eas in the MQL language

Price alert notification via email, pop-ups & SMS

Available for desktop, web & mobile (ios & android)

Metatrader 4 (MT4) mobile app

Globex360 review: MT4 mobile trading app

The MT4 mobile app is useful for those who need to access their account and trade whilst on the go. It is compatible with ios and android devices. You can trade from anywhere in the world provided there is an internet connection. The MT4 mobile app maintains many of the same features as the desktop version and you can access both through one trading account.

Interactive charts in the mobile app track and update currency rate changes in real time. The application provides three types of charts: bars, candlesticks and lines allowing you to trade directly on them. You can easily scale and scroll charts, as well as switch between 9 timeframes — from one minute to one month.

The MT4 app allows you to set up and implement your own customised trading strategy. The app supports 30 of the most essential technical indicators and 24 analytical objects: lines, channels, geometric shapes, as well as gann, fibonacci and elliott tools. All can be applied both to the chart window and each other, whilst the platforms colour schemes can also be adjusted to your preferences. You can open up to 10 windows with indicators simultaneously for thorough analysis.

Instant execution orders allow you to trade online continuously, while pending ones relieve you from the necessity to constantly manage your trading. Your trading request will be executed even if the MT4 mobile application is closed. Open positions can be modified by changing stop loss and take profit order levels.

All information regarding the amount of orders and open positions, open prices, volumes and account status can be found in the trade window, while the history window allows you to view the detailed history of all previously performed trades.

Globex360 app

Globex360 review: globex360 app

Globex360 also offers its very own trading app for its partners to help manage their business. Partners have access to their client’s data on the go. Partners get the full set of tools to refer clients, from the conventional referral URL, to the more advanced referrals via social media and other types of messaging. Ibs can also instantly see the result of their work. Features include:

Overview of all accounts with balances

Account types

Trade history

Mobile deposits

IB tools

Promo materials

Performance analytics

Commissions due

Copy trading platform

Globex360 review: copy trading platform

Globex360 provide clients with the option of copy trading using their social trading platform where you can provide or copy the signals of other traders. You can follow and view the performance statistics of traders. You maintain full control of whom you copy, how much of your account is used to copy and when to stop copying any of the traders on the social/copy trade platform. It must be strongly emphasised that past performance is by no means any guarantee of future results and you should have a clear understanding of all the significant risks involved with trading online.

FIX API

Globex360 state that they offer FIX API connection to large private and institutional clients. The minimum account balance required to qualify for the FIX API is $25,000 and the minimum monthly trading volume required is 500 lots. If a client does not reach 500 lots, then a $1,000 fee applies.

Globex360 review: trading tools

Whilst the MT4 platform will have more than enough compatible tools for the average retail trader, the broker does provide a few additional tools.

Trading calculators

Globex360 review: trading calculators

There are a couple of trading calculators on the brokers website which can help traders to quickly and easily calculate position sizes and convert currencies. These are powered by the dailyforex brand.

Economic calendar

Globex360 review: economic calendar

There is an economic calendar freely available on the brokers website that displays up and coming news releases. You can check the title of the release along with the date and time. This can be used as part of a trading strategies fundamental analysis to identify potential market movements caused by news releases. The calendar can be customised to display only news that is relevant to you whilst it also shows the previous, forecasted and actual result of the news.

Globex360 review: education

Unfortunately, globex360 does not have a trader’s academy and thus, the educational resources are very limited. There are no tutorial videos, trading guides or webinars. This would be beneficial as they can help beginners to improve upon their trading knowledge and skills.

Knowledge base

There is a basic knowledge base section on the brokers website that displays a few common terms along with an explanation of what each means. This may be deemed useful by beginner traders although not all of the most important terminologies are covered.

Globex360 review: trading instruments

Globex360 provide over 100+ trading instruments from different markets including forex, commodities and indices. This could actually be considered a limited selection when compared to other online brokerages, some of who offer thousands of trading instruments.

Forex trading

Forex, commonly known as the foreign exchange or FX, is the world’s most widely traded market in terms of trading volume, with an estimated daily turnover exceeding $5.5 trillion. Currencies are traded around the clock 24 hours a day, 5 days a week. Globex360 offers over 50 major, minor and exotic FX currency pairs.

50+ FX currency pairs

Leverage up to 1:500

24/5 forex trading

Indices trading

Indices are weighted index of the top shares on a particular exchange, like the US30 (dow jones 30) and the new york stock exchange. With globex360 you can trade a wide range of global indices with no overnight financing costs and low margin requirements.

6 market sectors and over 20 cfds

Leverage up to 1:500

Advanced technical indicators

Commodities trading

Clients get access to trade cfds on a range of commodities from the energy, industrial, precious metal, financial and agricultural sectors. As the foundation of the global economy, you can gain exposure to a wide range of products – from copper and coffee to silvers and soybeans. With globex360 commodities trading you can enjoy competitive spreads and modest margin requirements.

6 market sectors and over 20 cfds

Leverage up to 1:500

Advanced technical indicators

Globex360 review: trading accounts & fees

The broker has a variety of account types to suit different investment levels and trading strategy requirements. Globex360 accounts require a $100 minimum deposit and have flexible leverage of up to 1:500 available.

Basic account

This is the entrance level account that has a minimum $100 deposit requirement, spreads from 2 pips and leverage up to 1:100. Commission per lot is $12.

Standard account

For more experienced traders who need professional advantage this account has a minimum $100 deposit requirement, spreads from 1.6 pips and leverage up to 1:200. Commission per lot is $10.

Professional account

For professional accounts you will need to speak to an account manager. This comes with increased leverage, tighter spreads from 1.2 pips, a larger $5,000 minimum deposit and access to a trade specialist. Commission per lot is $8.

Copy trading account

Copy trades from other traders with leverage up to 1:500 and a minimum deposit of $200.

Islamic accounts

There are islamic accounts that are muslim friendly and comply with sharia law.

Demo accounts

Demo accounts that allow you to try out the platforms and practice your trading strategies are also available.

Globex360 review: account types

As broker fees can vary and change, there may be additional fees that are not listed in this globex360 review. It is imperative to ensure that you check and understand all of the latest information before you open a globex360 broker account for online trading.

Globex360 review: customer service

Globex360 support can be contacted using the online form on their website or using the email and telephone numbers provided. They do not offer live chat support which is disappointing as this can be the most convenient form of communication for many users.

Globex360 review: deposit & withdrawal

The broker supports fast deposits and withdrawals via wire transfer, credit/debit card, payfast and bitcoin. This is quite a limited selection compared to other brokers who offer multiple online payment processors such as skrill, neteller, paypal, etc. Some of these methods may incur additional charges. If your withdrawal is under a certain amount, the broker apples a small charge. The fee depends on the base currency of your trading account.

Please note that globex360 will not cover any exchange rates charged if you are depositing in a currency that is different to that of your bank funds. Accounts can be opened GBP, EUR, USD, CHF. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. You can have multiple trading accounts in different currencies at the same time.

Any bank transfers made to globex360 must be made from a bank account registered in the client’s full name, otherwise your funds may be returned to source.

Globex360 review: deposit withdrawals

Globex360 review: account opening

There is an application form that can be completed on the brokers website should you wish to open a live trading account with globex360. It is not the shortest form we have seen and will require some personal financial information. You must read the brokers terms and conditions then check the box only if you agree to them. After your account has been created, you will need to verify it using proof of identification (e.G. Passport) and address (e.G. Utility bill). Once your account has been verified, you can fund it using any of the convenient deposit methods, download the trading platforms and commence trading online.

Globex360 review: open live account

Globex360 review: conclusion

Overall, globex360 has a solid online trading offering although it could be considered to be limited when compared to other trading brokerages who have more trading instruments, platforms and educational materials. They do have a variety of different account types but could increase funding options. The social trading platform is a useful addition to some although they would also benefit from providing daily market analysis. Furthermore, the trading brokers review team discovered that this particular broker does not have the lowest spreads or commission charges. For alternative options, you may wish to see our list of best trading brokers.

Contracts for difference (”cfds”) are leveraged products and carry a high level risk to your capital as prices may move rapidly against you. Losses can exceed your deposits and you may be required to make further payments. These products may not be suitable for all clients, therefore, ensure you understand the risks and seek independent advice.

Min $100 deposit

Globex360 is a regulated trading broker that has a limited range of instruments for trading online via MT4. The broker is not the cheapest & could add some educational resources. They do have a social trading platform & variety of account types.

Globex360 review

Globex360 is a forex CFD broker in south africa, that opened for business in february of 2019. They are licensed and regulated in south africa by the FSCA. Customer support email is: [email protected] . Official website site is: https://globex360.Co.Za/.

Traders with withdrawal problems & complaints should read this.

Globex360 review

Investors at globex360 are given access to the MT4 trading platform, which has a desktop trading app, or a web-based trading app. For mobile trading, globex 360 developed their own custom trading apps for android & ios. They offer a wide variety of assets to trade including; forex / currency pairs, commodities (oil, gold silver), indices and CFD’s for shares trading.

The maximum leverage / margin rate offers is 300:1, and the starting spreads range from 1.3 pips to 1.6 pips. You can create multiple demo trading accounts to test out the platform and your trading strategies. The minimum required deposit for a the standard account is $100, and $200 for the copy trading account. At a broker like fortrade, you can start trading with just $100.

Once you have created your account, and logged in, you will see that globex360 provides you will access to their copy trading system. Copy trading is a popular feature for new forex investors because they are hoping another forex trader will do the hard work for them.

When choosing the right copy trader, it is important to closely analyze the performance, and even more so, understand the terminology. Instead of looking at the traders with this highest returns, dig deeper, and check their drawdown stats. See the screenshot below.

Warning! Do not use an automated trading app, until you read this!

Globex360 trading app review

Is globex360 a legit broker?

Yes, globex360 is an FSCA regulated CFD broker, holding license number 50130, since july 10th 2019. You can see their official license on the FSCA website.

Officially owned and operated by: globex360 (PTY) LTD, their corporate address is; 67 mountain road, somerset west, cape town, western cape, 7130 south africa. Their offices are located at: 158 5th street, 3rd floor, sandton office towers, sandhurst, sandton, 2196, gauteng. Contact phone number is: +27 11 568 3097.

The way day traders know if their broker is legit and not a scam, is by verifying their license at the government regulator. When you see that they have a valid license, from your government financial regulator, then you will know that they are a legal broker.

What was your trading experience like with the brokers at globex360? Write your review in the comment section below.

Compare popular brokers

There are many forex brokers online, and they are all vying for your business. You should test out a few different brokers, and see which one is the best for your trading needs. Always verify that your broker is licensed by your local financial regulator (i.E. FCA united kingdom).

Fortrade is a popular broker, that is licensed and regulated in the united kingdom, europe, canada and australia, see here.

Best brokers for trading NASDAQ 100, US-TECH 100

�� > compare CFD brokers > best brokers for trading NASDAQ 100, US-TECH 100

Compare NASDAQ brokers

NASDAQ brokers can offer access the popular US tech 100. Compare NAS100 brokers to choose the broker that offers the cheapest fees and the best trading platform to help you make money. These brokers are authorised and regulated by the FCA.

What is nasdaq 100?

The nasdaq 100 index (ticker: NDX) is the equity index comprised of the 100 largest companies listed on the nasdaq market. For those unfamiliar with the term nasdaq, it stands for National Association of Securities Dealers Automatic Quotations.

Currently, nasdaq is one of the largest stock exchanges in the world. Setup in 1971, nasdaq has a longstanding history of hosting growth company. It gained its popularity because nasdaq was the first exchange to trade stocks electronically. At that time, it was a quantum leap in share trading. (see GMG's guide to nasdaq)

Currently, some of the world's biggest tech companies are components of the nasdaq 100. For example, the five largest stocks of the index are apple, microsoft, amazon, facebook and google (see below):

Nasdaq 100 is capitalisation weighted, this means that companies with higher market capitalization carry a higher weightage in the index.

Can you trade the nasdaq 100 index?

Yes, you can. There are multiple financial products derived from the underlying nasdaq 100 index that you can trade with, including:

Futures

Options

Exchange-traded funds (link)

Investment funds

Spread trading

The biggest ETF based on the nasdaq 100 index is the QQQ ETF (ticker: QQQ). For many years, this ETF is one of the most traded instruments in the US market. Investors like to gain exposure to the nasdaq through this ETF.

What is the attraction of nasdaq 100?

Nasdaq indices (100 and composite) are the most-followed equity indices in the world. NDX is attractive to investors and traders alike because:

Nasdaq 100 is a growth index - you can participate in the best success stories

Nasdaq 100 offers good liquidity - some of the NDX components were the most valuable in the world at one time or another (apple, microsoft, and amazon)

Nasdaq 100 offers better relative performance than many other large-cap indices

Moreover, the index is volatile enough to attract traders. Therefore, daily liquidity of the index is good.

What drives the nasdaq 100?

Stock markets are driven by a wide variety of factors, including some of the following:

Macro factors (e.G. GDP, unemployment, business indicators etc)

Monetary factors (e.G., quantitative easing, rates movements, yield curve etc)

Technical factors (e.G., new highs)

For the nasdaq 100, another factor to watch out for is speculative bubble.

During the nineties, for example, nasdaq stocks soared amidst a wave of speculative trading interest. Companies worth only millions only a short while ago attained multi-billion valuation - only to see these valuation figures collapsed to zero when the bubble burst. Easy come, easy go.

Next, if you are trading NDX short term, you will need to pay attention to news flow and data announcements because they can have massive impact on the index over the short term.

Another area to watch out for are federal reserve meetings and the release of FOMC minutes. Any change in interest rates beyond market expectations can cause violent swings in the SPX. For example, if investors were expecting a 0.25% hike but the central bank raised it by 0.5% - this may cause prices swing massively after the announcement.

Studying the reaction of the market to these factors are important.

How to trade the nasdaq 100 using technical indicators?

To trade the nasdaq profitably requires a good trading strategy, of which technical indicators may come in handy. Technical indicators include:

Trend indicators like moving average

Price action

Oscillators

Support & resistance levels (see GMG guide on support/resistance)

Patterns like breakout and reversals

For example, you may use the moving averages to judge whether the index is still trending or due for a reaction.

Another favourite indicator is a break of resistance or support levels. Look at the nasdaq 100 ETF (QQQ) below. It was clear that the breakout above the 195 key resistance last month resulted in a persistent rally into 204 (see below). This resistance, now broken, may even convert into resistance.

Bear in mind, however, the different traders will gravitate towards different trading styles. Therefore you must find the technical indicators that best support your trading objectives.

Compare synthetic indices brokers

Synthetic indices brokers let you trade on the volatility of markets. Compare brokers for boom and crash markets and choose a broker that can let you trade on stocks and shares in the volatility 75 index.

VXX and VXZ (its sister fund) were the first etns (exchange traded notes) made available for volatility trading in the united states. To properly understand what VXX is, you need to understand how its value is assessed, and how barclays (britain’s foremost multinational banking and financial services company) earns equity from running it, and what it actually tracks.

Typically speaking, VXX trades like any other stock. As such, it can be sold, bought, or sold short whenever the market is open for trading, and that includes both pre-market and after-market timeframes. The average daily volume consists of 75 million shares, and its liquidity and spread status is very good; the bid–ask spreads are just a penny. Here are a few of the best brokers for trading VXX volatility

How to trade the VXX

You can read more about how to use volatility etns (VXX & VXZ) to protect your stock portfolios in our guide below written by jackson wong phd

With this in mind, brokers that typically have tight spreads don’t have the same issue with trading VXX. Spread betting broker IG index, for example, has a relatively high average spread of on etns such as VXX and VXZ however, they do offer one of the widest ranges of accessable markets and are listed on the LSE.

Similarly, forex broker CMC markets, while having a good average spread already, has an extra sweetener for large-scale investors. It has a “big trader rebate scheme” with its own modern trading platform. If you’re after a long-term growth strategy with a large amount of capital, trading VXX with CMC markets could be a wise move.

CFD broker saxo offers VIX cfds as well as DMA VIX on exchange futures contracts. MT4 broker XTB offers the ability to create your own basket of assets to trade so you can trade volatilities indices against other assets like gold and USDJPY.

Whichever of the best brokers for trading VXX volatility or CFD trading platforms you decide to go with, ensure that you do thorough research to mitigate risk and maximise your potential return on investment.

Spread betting on market volatility using the VIX

The VIX is a contract traded on the CBOE that measures volatility in the market. The price is dependent on how much the price of the S&P 500 moves and has been around since 1993.

It’s no secret that most spread betting clients make money when the market is moving one way or another. It is the basic principle of trend. If there is one it is easier to follow and therefore make money. So the VIX provides a visualisation of how easy it is to make money, it is also a fairly predictable indicator.

You can either trade the VIX through futures contracts on the CBOE market of by placing a bet through a spread betting broker.

The market moves through cycles of volatility and activity and boring non movement. These movements were traded by options contract strategies, but since 2004 when the VIX futures was introduce anyone can have a go. A good indicator to keep an eye on.

How to use volatility etns (VXX & VXZ) to protect your stock portfolios

When asked what he thought of the stock market, JP morgan quipped: ‘it will fluctuate’. Indeed. Markets go up and down – and when prices are down, investor fear increase and volatility spikes. This is simply because of higher market uncertainty. Given volatility’s inverse behaviour to prices, volatility indices are usually known as the ‘fear gauges’.

One of the most established volatility indices is the VIX index. This index is based on the options on the S&P 500 index (SPX), the most-watched US equity index. SPX is a very broad measure of the US stock market and it tracks the cream de la cream of US listed firms.

But you can not trade an index directly. Neither can you trade volatility directly like you trade stocks. To do that, you need derivatives – like futures and options – to make a bet on the direction of the index. Thus VIX futures (based on the VIX index) were created at around 2004 to facilitate trading and hedging of volatility.

Sensing a growing demand for retail volatility products, astute finance firms like barclays pushed this concept further by creating a series of exchange traded notes (ETN). These notes were based on VIX futures (nearest two).

What brokers offer VXX and VZN trading and volatility indices?

You can compare the best CFD brokers for trading VXX here or take a look at the individual reviews for brokers below:

What is volatility trading?

In 2009, barclays created two of the earliest volatility etns – VXX and VXZ (its sister fund). These etns were made available for volatility trading in the united states just like any other stocks (prospective here).* they can be sold, bought, or sold short whenever the market is open for trading, and that includes both pre-market and after-market timeframes. The current market cap of VXX is around $800 million. The average daily volume consists of 40 million shares, and its liquidity and spread status is very good. The bid–ask spreads are just a penny.

For example, the chart below shows the typical spread from IG index. In other words, moving in and out of volatility products are not overly expensive here in the UK.

To trade volatility etns successfully, however, you need to remember two things:

Volatility etns are not meant for long-term holdings

Volatility etns are high risk and prices can swing wildly over a short period of time

You can judge this from the price movements of VXX in 2018. Throughout the year, prices went from $28 to $50 twice. Daily 5-10% moves occur regularly; overnight price gaps further amplify this swings. So, how exactly do you use VXX to hedge against your long-only portfolio?

The general rule of thumb is to buy a small amount when the product is down for some time. Why? This is because markets tend to go up slowly and go down quickly, especially as we are on a bull cycle.

For example, VXX can roll lower continuously for six months and then, all of a sudden, surge. This price behaviour is typical (red circle, below). Accordingly, when VXX is down, buy some and hold for a few weeks before selling out. Of course, you may very well sell at a loss, but try to think of this as as the cost of protection for your share portfolio. The trick is to time your entry because VXX can move very fast.

Other entry signals for VXX include: 1) A bullish crossover of VXX against some medium-term moving average such as the 50 or 100-day moving average, or 2) corrective setbacks after hitting multi-week highs, ie, around $32.

In all these cases, the advice is to limit the holding period because volatility etns can depreciate over time. Of course, having stop-losses on these positions are critical. Also, if you had timed VXX’s rally correctly, use trailing stops to protect your profits.

Globex360 review

Traders with withdrawal problems & complaints should read this.

Globex360 review

Warning! Do not use an automated trading app, until you read this!

Globex360 trading app review

Is globex360 a legit broker?

Yes, globex360 is an FSCA regulated CFD broker, holding license number 50130, since july 10th 2019. You can see their official license on the FSCA website.

What was your trading experience like with the brokers at globex360? Write your review in the comment section below.

Compare popular brokers

Fortrade is a popular broker, that is licensed and regulated in the united kingdom, europe, canada and australia, see here.

Globex360 review

Summary

We do not recommend globex360 due to the numerous complaints and high cost of trading.В we encourage traders to check out plus500 & avatrade as possible alternatives.

Globex360 minimum deposits start at 100 USD, but trading costs are expensive. Spreads are wide, starting at 2 pips on the basic account. A large commission per trade is also charged on all accounts, which is unusual for a broker with such wide spreads. Full spreads are not published.

In addition, while globex360 states that withdrawals are free, we have received multiple claims that deposits do not reflect to trading accounts and withdrawals do not reflect to bank accounts. Clients have also complained that customer service is extremely poor, or non-existent when it comes to funding issues.

Reviews

Account information

Trading conditions

Company details

Deposit & withdrawal methods

Supported platforms for globex360

Is globex360 safe?

Globex360 was founded in 2017 in johannesburg and has been regulated by the south african FSCA since 2019 under FSP #50130. The FSCA has brought in a new licence for south african brokers called the ODP licence, but it is unclear if globex360 has applied for this yet.

Globex360 is an STP broker and operates without a dealing desk вђ“ though trade execution on basic accounts is instant, insinuating an automated dealing desk of some kind. Standard and professional accounts are both market execution.В

Globex360 does not offer negative balance protection, stating that вђњnegative balance protection is not guaranteed. The general practice is that we cover the negative balance, but all cases are reviewed on a case-by-case basis.Вђќ

We have received many complaints from south african traders with a globex360 login regarding deposit and withdrawal issues. We cannot prove that any of these allegations are true, but traders should be very careful when choosing a forex broker.

Should I trade with globex360?

We do not recommend globex360.

Even if the allegations of funding problems are untrue, globex360вђ™s trading costs are unreasonably high and its forex education is poor. Even though globex360вђ™s minimum deposit is quite low at 100 USD, it does not publish its complete spreads and the only platform available is MT4.В

We recommend choosing another broker from one of our lists:В

We only recommend well-regulated, honest brokers with good trading conditions.В

Globex360 review

Summary

We do not recommend globex360. Globex360 minimum deposits start at 100 USD, but trading costs are expensive. Spreads are wide, starting at 2 pips on the basic account. A large commission per trade is also charged on all accounts, which is unusual for a broker with such wide spreads. Full spreads are not published.

In addition, while globex 360 states that withdrawals are free, we have received multiple claims that deposits do not reflect to trading accounts and withdrawals do not reflect to bank accounts. Clients have also complained that customer service is extremely poor, or non-existent when it comes to funding issues.

Reviews

Account information

Trading conditions

Company details

Deposit & withdrawal methods

Supported platforms for globex360

Is globex360 safe?

Should I trade with globex360?

We do not recommend globex360.

We recommend choosing another broker from one of our lists:В

We only recommend well-regulated, honest brokers with good trading conditions.В

Globex360 broker minimum deposit

100% no deposit bonus forex brokers

If you are looking for the forex brokers with the best 100% deposit bonus, you ‘ll probably want to double your account because either you think your money isn’t enough to trade or you may think that if I can take advantage of some free money, why not!

For whatever reason you want to double your account with a deposit bonus, you should know that there are some differences between the 100% deposit bonuses of different forex brokers.

For example, some of them are withdrawable but others are just to support your margin and enable you to trade larger lot sizes.

Some others only have the name of 100% deposit bonus and are basically for advertising purposes.

For finding the best 100% deposit bonus, I searched a lot of forex brokers and went through the terms and conditions of their deposit bonuses to see how realistic they are.

Some of them were totally useless, so I eliminated them.

I’ve found some that have better conditions than others, either they are withdrawable or not.

Let’s find out about them.

Forex brokers with the best 100% deposit bonus

Here’s a list of the forex brokers with the best 100% deposit bonus along with a concise version of their terms and conditions:

1- hotforex

Hotforex offers two types of 100% bonus on new deposits, 100 credit bonus and 100 supper charged. One of them is withdrawable and the other can’t be withdrawn and it’s more like a rebate or cashback system.

Hotforex doesn’t accept clients from the US, and canada. The UK and EU clients of hot forex can’t request for its bonuses

Let’s take a look at the terms and conditions of hotforex 100% credit bonus:

100% credit bonus

To be eligible for this bonus, you need to deposit at least $100

The bonus is available for these types of accounts of hotforex: micro, premium, and islamic

For releasing the bonus, you need to trade a specific number of lots which is calculated as follow:

For example, if you deposit $100 and receive a $100 deposit bonus, you need to trade 50 lots (100/2) in order to be able to withdraw the $100 bonus.

There’s no time limit for completing required lots

So in the example above, you may trade 50 lots in one month, six months, 12 months, and etc.

The positions with the profit of 3 pips or less aren’t taken into account when calculating the required lot size

So, besides not being able to choose the ECN account, your 3 pip positions aren’t been considered for 100% deposit bonus which makes the bonus not favorable for scalpers especially for the ones hunting 2 or 3 pips.

The maximum 100% bonus you can get is $30000 for each account and $150000 in total

So if you want to deposit more than 30K and request for the bonus, you should open two, three. Or 5 accounts.

If your equity goes below the amount of your deposit, the bonus will be canceled

For example, if you deposit $100 and receive a $100 deposit bonus, then trade and lose $100 (your deposit), the $100 bonus will be removed automatically.

You can find a full version of the conditions here.

The bonus is withdrawable

There’s no time limit for lots completion

You can’t choose ECN account

100 supper charged bonus

As mentioned before, this bonus is more like a cashback system than a deposit bonus which means you receive a portion of every lot you trade.

Let’s see what the terms and conditions of the hotforex 100% supper charged bonus are.

The minimum deposit for being qualified for this bonus is $250

Only premium and islamic accounts are available for this bonus

So just like the previous bonus, this bonus is not a good option for scalping.

Unlike the 100 credit bonus, this one is just given to one account which means you can’t open several accounts and request for it

The maximum bonus you can receive is $50000

The bonus is not withdrawable but profits and rebates are

For every standard lot that you trade you receive 0.2 lots

For example, you trade 1 lot EURUSD which is worth $10, so you receive $2 as a rebate.

The maximum rebate you can get is $8000

Trading forex pairs and gold are taken into consideration when calculating rebates

So for example, if you trade cryptos or indices, you don’t receive rebates.

If your equity gets under your deposited money, just like the previous bonus, your bonus will be removed

Find out more about super charged bonus here

Just available for premium and islamic accounts

2- FBS

FBS has a 100% deposit bonus offered for every deposit you make.

FBS doesn’t accept clients from the US, belize, russia, and cyprus

Ok, let’s see what we can find out about FBS 100% deposit bonus

There’s no minimum deposit for receiving the bonus and you can request that with any amount of deposit

The deposit bonus is available for all types of FBS accounts except for ECN

The bonus is withdrawable but before withdrawal, you need to trade a specific number of lots

There’s no time limit for completing required lots

The required lots are calculated as follow:

For example, you deposit $120 and receive $120 as deposit bonus. You need to trade 40 lots before withdrawing the $120 bonus.

If you lose 70% of your initial deposit, the bonus will be canceled

The maximum bonus that you can ask for is $10000.

You can find more information about FBS deposit bonus after registration here and in your cabinet.

The bonus is withdrawable

There’s no time limit for completing required lots

Fewer required lots compared to other brokers

No ECN account available

3- roboforex

Roboforex has another forex broker that has up to 120% deposit bonus which is called classic bonus.

Roboforex doesn’t accept clients from the US, canada

The minimum deposit is $10

You can pick from one of theses percentages as deposit bonus: 25%, 50%, 100%, and 120%.

For instance, if you deposit $1000 and request for 50% bonus, you’ll receive $500 and your account becomes $1500.

You can withdraw the bonus after trading a specific number of lots as follow:

For example, you deposit $400 and receive $400, now you have to trade 200 standard lots before withdrawing your bonus.

No time limit for lots completion

The maximum bonus you can ask for is $50000

The bonus will be canceled if you lose your deposited money

There’s no time limit for lot completion

No ECN account available

4- instaforex

Instaforex has several bonuses including 100% deposit bonus which is available for your first deposit in every account you open.

Instaforex don’t accept US residents

There’s no minimum deposit for using this bonus

The bonus is not withdrawable and you can only withdraw your profits

The maximum 100% bonus you can receive is $2000, however, if you deposit between $2000 and $5000, you’ll be offered 50% bonus for the $3000 reaming deposit. For any amount above $5000, you’ll receive 30% as the bonus

For example, you deposit $7000. In this case you can get 100% for $2000 which is $2000, 50% for $3000 which is $1500 and 30% for $2000 which is around $666. Therefore, for your $7000 deposit, you can receive around $41666.

Only the standard and cent accounts of instaforex are available for this bonus

You can just trade forex pairs and other trading instruments such as cryptos, indices, and etc aren’t available

If your equity goes below the 120% of the bonus, it’ll be canceled

For example, you deposit $100 and receive $100 as the bonus, now you have $200. Then you trade and lose $120. In this level, your bonus will be canceled and your account will be $0.

If you don’t trade for one month, the bonus will be canceled

More about terms and conditions here

Not much, because the bonus acts as margin supporter

5- justforex

Just forex has several one-time deposit bonuses including 50%, 100%, and 115%.

Justforex don’t accept US residents

The minimum deposit for 50% bonus is $100. Between $100 and $500 you can request for 100% bonus and above $500, you can receive 110% deposit bonus.

The bonus is withdrawable after trading a number of lots

The number of lots you need to trade before the withdrawal is calculated as follow:

There’s a time limit of 30 days for completing the required lots

For example, if you deposit $300, you’ll receive $300 as the bonus. Now, you need to trade 100 lots in order to be eligible for withdrawal.

Pro, mini, and standard accounts are the available accounts for the deposit bonuses. Cent and ECN accounts of justforex are not included.

The maximum bonus that you can ask for is $40000

If your equity goes below your deposit, the bonus will be removed

For example, you deposit $200 and receive a $200 bonus. Now you have $400. Then you trade and lose $200. At this level, your bonus will be canceled and your balance becomes $0.

The trades with the targets of 3 pips and less are not considered when calculating required lots

So this bonus is not a suitable option for the scalpers who squeeze as low pips as 3 or less.

You can find a complete version of justforex terms and conditions here.

110% deposit bonus available

Time limit for completing required lots

ECN account is not available

6- superforex

Superforex has several deposit bonuses including a 120% one, which has been increased to 202% for the entire year of 2020

Superforex doesn’t accept US residents

The minimum money you need to deposit in order to ask for 202% bonus is $100 and there’s no minimum deposit for 120%

The bonus is not withdrawable and you can only withdraw the profits that you make

There’s no time limit for keeping the bonus amount in your account

If you lose your deposit, the bonus will be removed

If your margin level goes below 300%, the bonus will be canceled

So basically the bonus is worth nothing and is just for attracting clients

You can find more information after registration in your cabinet

7- trader’s way

Trader’s way is a forex broker that has deposit bonuses up to 100%.

Trader’s way accepts clients from all around the world including US residents.

There’s no minimum deposit for the 100% deposit bonus of trader’s way

The bonus is withdrawable and you can redeem it by trading a number of lots

For every dollar to be released, you need to trade 2 standard lots.

Let’s say you deposit $100 and receive $100 as the bonus. The $100 in your account is a 100 dollar credit and is not considered your money. As a result, if stop out takes place, it won’t help your margin.

Every 2 lots that you trade, $1 is deducted from the credit and considered as your money that you can either withdraw or keep it in your account for trading

The maximum deposit bonus that you can receive is $5000

This bonus is available for MT4.FIX, MT4.VAR, and MT4.ECN accounts of trader’s way. MT5.ECN and ctrader that are the other two types of this broker are excluded from this deposit bonus

There’s no time limit for releasing the bonus

News trading is prohibited when you are trading with an account attached to the bonus

More required lots compared to other 100% deposit bonuses

Common terms and conditions of 100% deposit bonus

Every forex broker that offers 100% deposit bonus has its own set of rules but many of these terms and conditions are common among them.

Let’s take a look at the ones that you probably see in the terms and conditions of the 100% deposit bonuses.

If a deposit bonus is withdrawable, you need to trade a specific number of lots before you can withdraw that.

Every forex brokers set out its own calculation for required lots. For instance, some tie every dollar to one lot and others release $3 for one traded lot.

For example, you receive $120 as deposit bonus. Brokers A allows you to withdraw that amount after trading 120 standard lots but broker B releases your bonus after trading 40 standard lots.

Another condition that you might come across is time limit.

Sometimes a forex broker sets a time limit for trading the mentioned specific lots. For example, you need to trade 30 lots in one month.

If the required lots you need to trade are in the common categories such as one lot for 1, 2, or 3 dollars; that time limit makes the bonus hard to release.

For example, you get $120 and for releasing that, you need to trade 40 lots in 30 days. As you can see, it’s very hard to pull off.

The next condition that you might see is setting a limitation on the maximum 100% deposit bonus you can request for.

For example, the max bonus you can receive is $50000 so if you deposit $60000, you only receive $50000 as bonus, not $60k.

The other important condition that you should be aware of is related to the number of withdrawal or the conditions that might happen if you withdraw your money before trading all the required lots.

In some cases, you can only withdraw once and after that, your bonus will be canceled.

For example, you’ve received $100 as deposit bonus. According to the conditions of the bonus you need to trade let’s say 50 lots. You trade 10 lots and release $20 of your bonus.

If you take that profit out of your trading account, the rest, or in some cases, a part of the bonus will be removed.

The bottom line

If you are looking for increasing your edge and profitability, looking for the forex brokers with 100% deposit bonus can be a wise idea because if there’s extra money to make, why shouldn’t.

However, you should completely be aware of the deal you get and make sure that none of the clauses of the bonus is against your style of trading and your trading, in general, doesn’t hurt in any way.

The only way that you can be confident about that is by reading the terms and conditions of the bonuses meticulously.

I tried to give you concise reviews of them and mention the important ones so you have a general idea of which one to pick but make sure to read them completely on the brokers’ websites. That’s why I provided a link to the terms and conditions pages after explaining every one of them, above.

So, let's see, what we have: globex360 review �� one of the most popular forex trading platforms in adrica. In this guide we reveal the sign-up bonus, customer ratings, pro’s and cons. At globex360 broker minimum deposit