FXGlobe

FXGlobe Review: Regulation, Fees and Broker Analysis

Unclaimed profile

Primary global retail volume is routed through an offshore Vanuatu (VFSC) entity without statutory deposit insurance Higher initial barrier to entry on raw spread trading, requi…

Best forCySEC RegulatedNDD ExecutionRaw Spreads

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76

/ 100

BrokerBazaar Score

Good

Evidence-based, 0–100

Data confidence 70%

€500

Min Deposit

From 0.0 pips

Spreads From (indicative)

200:1

Max Retail Leverage

None (standard) · $0 (raw)

Commission

Group-level figures · Full cost schedule

Researched by
BB Team
Reviewed by
BB Team
Last verified
13 Nov 2026
Next review due
11 Feb 2027

How we tested this broker·Meet the review team

Section 01

About

About FXGlobe

Company Provided

Founded in 2009, FXGlobe is an established international forex and CFD brokerage group operating through European and offshore operational entities. Supervised and authorized by the Cyprus Securities and Exchange Commission (CySEC CIF Licence No. 205/13 via FXGlobe Limited) and the Vanuatu Financial Services Commission (VFSC Licence No. 700227 via FS International Limited), FXGlobe delivers retail and institutional execution across 70+ forex pairs, index CFDs, precious metals, energy commodities, cryptocurrencies, and shares via MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Since 2009 Limassol, Cyprus 4 regulators listed

Expert Verdict

Primary global retail volume is routed through an offshore Vanuatu (VFSC) entity without statutory deposit insurance Higher initial barrier to entry on raw spread trading, requiring a $25,000 minimum deposit for the Infinity tier Standard account floating spreads (starting from 1.8 pips on Pathfinder) are relatively wide compared to ECN peers SWIFT bank wire withdrawals incur a fixed $25 processing surcharge Retail services are strictly unavailable to residents of the United States, Canada, and Japan

Pros

  • Established international brokerage operating continuously in the retail FX industry since 2009
  • Authorized and regulated in the European Union by CySEC (CIF Licence No. 205/13)
  • European retail clients benefit from statutory Investor Compensation Fund (ICF) protection up to €20,000
  • Full platform support across the complete MetaTrader 4 (MT4) and MetaTrader 5 (MT5) ecosystem
  • No Dealing Desk (NDD) market execution routing trades directly to liquidity providers

Cons

  • Established international brokerage operating continuously in the retail FX industry since 2009
  • Authorized and regulated in the European Union by CySEC (CIF Licence No. 205/13)
  • European retail clients benefit from statutory Investor Compensation Fund (ICF) protection up to €20,000
  • Full platform support across the complete MetaTrader 4 (MT4) and MetaTrader 5 (MT5) ecosystem
  • No Dealing Desk (NDD) market execution routing trades directly to liquidity providers

BrokerBazaar Overview

Independent

Established in 2009, FXGlobe has operated as a multi-jurisdictional retail derivatives broker for over a decade and a half. The group maintains an EU headquarters in Limassol, Cyprus, operating via FXGlobe Limited under the regulatory supervision of the Cyprus Securities and Exchange Commission (CySEC CIF Licence No. 205/13) with cross-border passporting rights across EEA member states under MiFID II. To accommodate global retail demand outside Europe, international clients are onboarded through FS International Limited, authorized by the Vanuatu Financial Services Commission (VFSC Licence No. 700227).

The broker’s technological offering centers on MetaTrader 4 (MT4) and MetaTrader 5 (MT5), ensuring compatibility with algorithmic trading systems, custom indicators, and mobile devices. Execution operates on a No Dealing Desk (NDD) framework, streaming market prices directly from liquidity providers without manual dealing desk intervention. FXGlobe structures its account offering across three primary tiers: the entry-level Pathfinder account (requiring a $250 minimum deposit with spreads from 1.8 pips and zero commissions), the intermediate Navigator tier ($2,500 deposit with tighter spreads), and the flagship Infinity account (requiring $25,000 for raw interbank spreads from 0.0 pips paired with a $7.00 round-turn commission per lot).

From an investor safety and counterparty risk standpoint, FXGlobe enforces fund segregation across Tier-1 banking partners across all entities. European retail clients benefit from mandatory negative balance protection, strict regulatory reporting, and statutory coverage under the Cyprus Investor Compensation Fund (ICF) up to €20,000 per person in the event of broker default. However, international traders contracted under the offshore Vanuatu entity do not have statutory compensation scheme coverage, although they gain access to higher leverage up to 1:500. Overall counterparty default risk is evaluated as low-to-moderate.

Key Features

Regulated Broker
MetaTrader Platforms
FXGlobe

FXGlobe

Regulated Broker

Min Deposit€500
Max Retail Leverage200:1
Spreads (indicative)From 0.0 pips

External website · BrokerBazaar does not receive a trading commission from this link.

7

Platforms

2009

Est. Since

5

Account Types

10+

Countries

Regulated By

CySEC
VFSC
MiFID II
ICF

Licence check: Not independently checked

Live Spreads

Not available

No live spread data from a named account is available for this broker. Figures are published only with the account type and capture time.

Independent report by BrokerBazaar Research TeamHow we rate brokers

FXGlobe broker analysis: regulation, fees, withdrawals and risks

Independent broker profile covering verified entities, regulation, costs, platforms, withdrawals, risks and user feedback. BrokerBazaar is not FXGlobe and does not operate any brokerage.

Profile ownership

Not claimed by broker

No representative of FXGlobe manages this page. This says nothing about its licence, and the score and regulation data are the same whether or not a profile is claimed.

Information source

Submitted by broker or compiled from public pages

Details have been recorded but not yet independently checked by BrokerBazaar.

Licence check

Not independently checked

Confirm the licence on the regulator's public register before opening an account.

Editorial review

Reviewed 27 Oct 2026

Date the BrokerBazaar research team last regenerated this analysis from the stored record.

Legal entity

FXGlobe Ltd

Founded

2009

Headquarters

Limassol, Cyprus

Regulators

CySEC, VFSC, MiFID II, ICF

Minimum deposit

€500

Spreads from

From 0.0 pips

Commission

None (standard) · $0 (raw)

Max leverage

200:1

Platforms

MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT4 WebTrader, MT5 WebTrader, MT4/MT5 Mobile Apps (iOS / Android), MT4, Web Trader

Account types

Pathfinder Account (Standard), Navigator Account, Infinity Account (Raw ECN), Islamic Swap-Free Account, Demo Account

FXGlobe regulation and licence table

Each row is one legal entity. Verify the licence on the official register; a company registration is not a brokerage licence.

EntityRegulatorLicenceAuthorised activityRegionLicence check
FXGlobe LtdCyprus Securities and Exchange Commission (CySEC)205/13Official register Cyprus Investment Firm (CIF) · Retail clientsCyprusNot independently checked
FS International LimitedVFSC (Vanuatu Financial Services Commission)

Vanuatu Financial Services Commission

Lighter oversight
Registration / Licence No. 700227Official register Securities / stock broking · Financial Dealers Licensing Act (Principal's License) · Retail clients

Not an execution licence; does not count as local forex regulation.

VanuatuNot independently checked

FXGlobe at a glance

Founded in 2009, FXGlobe is an established international forex and CFD brokerage group operating through European and offshore operational entities. Supervised and authorized by the Cyprus Securities and Exchange Commission (CySEC CIF Licence No. 205/13 via FXGlobe Limited) and the Vanuatu Financial Services Commission (VFSC Licence No. 700227 via FS International Limited), FXGlobe delivers retail and institutional execution across 70+ forex pairs, index CFDs, precious metals, energy commodities, cryptocurrencies, and shares via MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

FXGlobe reports a founding year of 2009 and a head office in Limassol, Cyprus. It lists 4 regulators and 7 trading platforms.

BrokerBazaar verdict

Primary global retail volume is routed through an offshore Vanuatu (VFSC) entity without statutory deposit insurance Higher initial barrier to entry on raw spread trading, requiring a $25,000 minimum deposit for the Infinity tier Standard account floating spreads (starting from 1.8 pips on Pathfinder) are relatively wide compared to ECN peers SWIFT bank wire withdrawals incur a fixed $25 processing surcharge Retail services are strictly unavailable to residents of the United States, Canada, and Japan

Legal entities, regulation and licences

FXGlobe operates through 2 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by light-touch offshore regulators only.

Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.

Countries accepted and restricted

FXGlobe states that it accepts clients from European Union / EEA member states, Asia, Middle East, Africa, and Latin America (Strictly excluding the United States, Canada, Japan, North Korea, Iran, and sanctioned jurisdictions). Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.

Trading products, platforms and account types

Instruments: Forex Pairs (70+ pairs), Stock Indices, Precious Metals (Spot Gold, Silver), Energy Commodities (WTI Crude Oil, Brent), Cryptocurrency CFDs, Share CFDs. Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT4 WebTrader, MT5 WebTrader, MT4/MT5 Mobile Apps (iOS / Android), MT4, Web Trader. Account types: Pathfinder Account (Standard), Navigator Account, Infinity Account (Raw ECN), Islamic Swap-Free Account, Demo Account.

Best-for tags assigned by our team: CySEC Regulated, NDD Execution, Raw Spreads, MetaTrader 4, MetaTrader 5, Islamic Trading, Multilingual Support, Established Broker.

Minimum deposit, spreads, commissions and other charges

The minimum deposit is €500. Spreads start from From 0.0 pips and commission is None (standard) · $0 (raw). Maximum leverage is 200:1 (fixed), subject to the cap of the entity that holds your account.

Swap-free / Islamic account: available (yes). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.

Deposits and withdrawals

Deposit methods: Bank Wire Transfer (SEPA / SWIFT), Credit / Debit Card (Visa / Mastercard), Neteller, Skrill, Cryptocurrencies, Regional Wire Solutions. Withdrawal methods: Bank Wire Transfer, Credit / Debit Card, Neteller, Skrill, Cryptocurrencies.

Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.

Execution model, negative balance protection and client money

Negative balance protection: Yes. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Not specified. Hedging: hedging. These conditions were compiled from public information and have not yet been confirmed by the broker.

Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.

Not covered: FS International Limited (VFSC (Vanuatu Financial Services Commission)). This licence covers a different activity (such as securities, wealth or payments), so its client-money rules do not apply to a forex or CFD account.

Complaints and dispute process

Formal complaints: compliance@fxglobe.eu (Global: compliance@fxglobe.com). Phone: +357 25 262 681. Customer complaints are formally processed by the Compliance and Legal Affairs Department of FXGlobe Limited at Chimonides Chambers, Limassol, Cyprus (or FS International Limited in Port Vila, Vanuatu). If an inquiry or dispute cannot be settled internally within statutory timeframes, European retail clients have statutory recourse to escalate disputes to the Financial Ombudsman of the Republic of Cyprus. Client trading funds are kept in segregated bank accounts with recognized financial institutions, completely ring-fenced from operational capital. European retail accounts under CySEC are protected by the Cyprus Investor Compensation Fund (ICF), providing statutory compensation up to €20,000 per person in the event of institutional default. However, international accounts operating under the offshore Vanuatu entity do not benefit from European ICF compensation coverage.

If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.

Strengths and limitations

  • Strength: Established international brokerage operating continuously in the retail FX industry since 2009
  • Strength: Authorized and regulated in the European Union by CySEC (CIF Licence No. 205/13)
  • Strength: European retail clients benefit from statutory Investor Compensation Fund (ICF) protection up to €20,000
  • Strength: Full platform support across the complete MetaTrader 4 (MT4) and MetaTrader 5 (MT5) ecosystem
  • Strength: No Dealing Desk (NDD) market execution routing trades directly to liquidity providers
  • Limitation: Established international brokerage operating continuously in the retail FX industry since 2009
  • Limitation: Authorized and regulated in the European Union by CySEC (CIF Licence No. 205/13)
  • Limitation: European retail clients benefit from statutory Investor Compensation Fund (ICF) protection up to €20,000
  • Limitation: Full platform support across the complete MetaTrader 4 (MT4) and MetaTrader 5 (MT5) ecosystem
  • Limitation: No Dealing Desk (NDD) market execution routing trades directly to liquidity providers

Who this broker suits, and who it does not

FXGlobe is most relevant to traders looking for: CySEC Regulated, NDD Execution, Raw Spreads, MetaTrader 4, MetaTrader 5, Islamic Trading, Multilingual Support, Established Broker.

It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.

FXGlobe change history

Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.

No fact changes recorded for FXGlobe yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.

Frequently asked questions about FXGlobe

Data sources. Broker submission, the regulator registers linked above, CySEC register; fxglobe.eu order execution policy, web-archive and domain records, and third-party traffic data. Last register check 2026-10-12. External ratings: Trustpilot 3.7/5; Traders Union 4.1/10.

Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with FXGlobe through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.

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