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Chris Cammack is Head of Content at Schlossbrink and is responsible for ensuring our content across all sites meets the exacting standards of quality and clarity that our readers expect; this includes shaping our editorial guidelines to fit the ever-changing world of online Forex trading and ensuring all broker reviews adhere to our strict review process.
Chris joined the company in 2019 after 10 years’ experience in research, editorial and design for political and financial publications. This background has given him a deep knowledge of international financial markets and the geo-politics that affects them. With a keen eye for editing and a voracious appetite for financial and political current affairs, Chris bring a publisher’s sense of precision and accuracy to all the content we produce. Chris has been trading Forex CFDs since 2012 and has a preference for cTrader and ECN brokers; he has found the GBP/USD pair particularly fascinating over the last few years.
Chris Cammack June 10, 2020 08:00 AM
An FSCA-regulated South African broker, Globex360 appeals to traders who prefer to have trading accounts denominated in ZAR and local South African support. However, Globex360's trading costs are higher than other similar brokers, and none of the trading specifications are published on its website. Globex360 offers trading on a limited number of tradable assets compared to other brokers, including 50 forex pairs, 15 indices, 20 commodities, and only 33 equities. Minimum deposits start at 100 USD on its entry-level account, but spreads are wide and commissions are high across all account options. Additionally, the full spreads are not published so exact trading costs are impossible to determine. 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. We also found Globex360's customer service mostly non-responsive and uninformed. Overall, we do not recommend Globex360 for South African traders due to the high trading cost and the numerous complaints we have received. If you are looking for a good South African Forex broker, we recommend Blackstone Futures or KhweziTrade instead.
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