Globalix is an offshore / unlicensed Forex CFD’s trading online broker, that opened in February 2019.
They are owned by; Globalix Ltd, and located in the Marshall Islands. Main phone number from England is +442080899233, and their contact email address is: [email protected] . Official brokers website is: https://www.Globalix.co/.
While reviewing this new broker Globalix, you can see that they offering the full range of assets in Forex, Markets, Crypto and Metals. Globalix offers their investors the very basic PandaTS trading platform, but it is only comes as a desktop software.
If you are looking for a broker with MetaTrader or mobile trading apps, look here.
As a new investor, you should learn the difference between trading and investing. People who use a CFD (Contracts for Difference) broker, will always be trading and looking to profit based on the movement in price. You do not actually own the underlying asset or currency.
Globalix offers four account types, with the main difference being their account manager, which either way you will get plenty of calls from their Salesmen. The minimum deposit for a Classic account is $250. The popular Crypto Currency’s are all available at this broker, and you can now trade Cannabis shares also.
Automated Trading Scam
You probably didn’t think about reading the brokers Terms and Conditions page, but if you did, you would find some interesting caveats.
- The broker charges a Dormant Account Fee: “Globalix will charge dormant account balance, for inactivity in trading of 45 days and above, for the sum of 100$ a monthly fee.”
- They also have an Auto Trading Software Fee: “A client/trader who registered and deposited funds for using one of the auto-trading software products and wishes to close the account and withdraw the funds before trading at least 20 trades with the software, will be charged $100 as an auto-trading software fee.”
The probability of making money after 20 trades with a random trading robot, are very very low, read why.
Is Globalix a Licensed CFD Broker?
No, Globalix is not a licensed or regulated broker.
CFD trading on Crypto Currency, Share or Forex is financial investment service, that needs to be regulated by your governments regulator. The difference between a licensed broker and an unlicensed broker is who will insure your money when the broker goes out of business.
Online brokers in England should have a license from the FCA, and Forex brokers in Australia need an AFSL license from ASIC. Did you know that you can choose from more than one hundred Crypto brokers today? Have a look at these popular licensed Forex brokers.
When you have a complaint about your broker, and you cannot resolve it directly at the broker, you may want to elevate the complaint to the regulator.
Here are links to the popular regulatory agencies: Cyprus CySEC , United Kingdom FCA, Australia ASIC, South Africa FSCA. Another option is to hire an outside company to attempt to recover your deposits. Learn more about Trader Protection Recovery Services.
Investors that use a legitimate broker that is licensed and regulated have less problems. Check out the list of Top Rated Brokers.