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Globex360 vs markets.com - 2024 Comparison | FxScouts
AuthorAuthor: Björn MichelsUpdated: May 8, 2024

Last Updated On May 8, 2024

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

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Broker Score
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
110.5002.80/ 5 USD 100FSCA Regulated Forex BrokersSTPCommodities, Cryptocurrencies, Stock CFDs, Forex, Indices500
  • Quick account opening
  • Poor customer support
  • Limited demo account
  • Non transparent spreads
Read Review 111003/ 5 110002/ 5 11110.54.5/ 5 100001/ 5 110002/ 5 1110.503.5/ 5 111003/ 5 0300:11.60 pips Basic, Islamic, Professional, Standard MT4Visa, Mastercard, Bank Transfer, Neteller, Skrill, Bitcoin, PayFast8 USD / lot
11110.54.68/ 5 USD 100FCA Regulated BrokersCySEC Regulated BrokersASIC Regulated Forex BrokersFSCA Regulated Forex BrokersBritish Virgin Islands Financial Services CommissionMarket MakerBonds, Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices5625
  • Regulation by top-tier authorities
  • Hassle-free withdrawal process without any fees
  • Its proprietary trading platform is praised for its user-friendly interface catering to both beginners and experienced traders
  • Competitive spreads starting from 0.6 pips
  • The maximum leverage of 300:1 could pose a risk for uninformed traders warranting cautious utilization
Read Review 111115/ 5 111115/ 5 11110.54.5/ 5 11110.54.5/ 5 111115/ 5 11110.54.5/ 5 111104/ 5 70.3%30:10.60 pips Live, Markets.com, Marketsx, MetaTrader 4, MetaTrader 5 MT4, MT5, markets.comMastercard, Visa, Neteller, Skrill, Bank TransferFees Included in Spread

How do markets.com and Globex360 stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

Globex360

markets.com

At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare markets.com and Globex360, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does markets.com or Globex360 have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that markets.com holds three Tier 1 and no Tier 2 licences, and Globex360 holds no Tier 1 and no Tier 2 licences.

 

Is markets.com financially regulated?

Yes markets.com was founded in 2008 and is regulated by ASIC, B.V.I FSC, CySEC, FCA and FSCA.

 

Is Globex360 financially regulated?

Yes Globex360 was founded in 2017 and is regulated by FSCA.

 

Based on these findings, markets.com earned a higher trust rating than Globex360.

Does markets.com or Globex360 have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that markets.com has overall lower trading costs than Globex360. 

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
Globex360
110002/ 5
ZAR, USD, KWD, EUR, GBP
2.00 pips
USD 32
1.60 pips
0 pips
0 pips
USD 12
Markets.com
111115/ 5
USD, AUD, CHF, CZK, DKK, EUR, GBP, NOK, PLN, SEK, ZAR
0.70 pips
USD 7
0.60 pips
1.20 pips
0.70 pips
USD 0

 

Does markets.com or Globex360 offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, markets.com offers support for MT4, MT5 and markets.com and Globex360 offers support for MT4. 

Do the brokers offer copy trading?

Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both Globex360 and markets.com offer copy trading.

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Broker
Platform Choice
Copy Trading
Platforms
Globex360
11110.54.5/ 5
Markets.com
11110.54.5/ 5
markets.com

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that markets.com offers a greater range and depth of instruments to trade than Globex360. markets.com offers 56 Forex pairs to trade and Globex360 offers 50 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, markets.com offers 25 cryptocurrencies while Globex360 offers 0 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with markets.com.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither Globex360 nor markets.com charges a withdrawal fee. Overall, markets.com has better deposit and withdrawal processes than Globex360. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

markets.com has better educational support than Globex360. Both Globex360 and markets.com offer educational support for more experienced traders.

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Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
Globex360
Low
Markets.com
High

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that markets.com offers better research analysis than Globex360 and that both Globex360 and markets.com offer frequent webinars.

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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
Globex360
Markets.com

 

Our overall Verdict on markets.com

Markets.com offers traders fast, low-cost trading on a broad range of financial instruments, including over 1500 stock CFDs, Forex, commodities, cryptocurrencies, indices, ETFs, and bonds. 

Although Markets.com offers only one live account, it offers more account benefits with higher minimum deposits. Spreads are extremely competitive, starting at 0.6 pips (EUR/USD), with no commissions and a minimum deposit requirement of only 1500 ZAR (100 USD) on its Basic Account tier, making it accessible to beginner traders. 

Full support is offered for MT4, MT5, and Markets.com's award-winning in-house platform. An advanced multi-asset trading platform, the Markets.com platform is packed full of features, including excellent trading tools, expert analysis, and in-depth charting. 

Markets.com also provides a high level of customer service compared to other brokers, and its educational materials provide an excellent resource for beginners starting their trading careers.

Our overall Verdict on Globex360

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.

Which broker has the highest overall rating?

markets.com has an overall rating of 4.68 and Globex360 has an overall rating of 2.80. For more detail please read our reviews of markets.com and Globex360.

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