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GlobePro Review - is it scam or safe?

GlobePro Review - is globepro.com scam or good forex broker?

RATING: 2 / 1 REVIEWS ForexBrokerz GlobePro
GlobePro is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading accounts and conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Standard $250 0.01 lots 1:200 From 1.7 pips
ECN Pro $25 000 0.5 lots 1:100 From 0 pips*

*Commissions


GlobePro is an offshore forex broker offering trading in forex and CFDs. In addition to the two live trading accounts, there is also a free 30-day demo account for testing purposes. The broker claims it is non dealing desk (NDD) and allows scalping and hedging. There are also trading signals, subject to separate terms and conditions.


The company. Security of funds.


Company Country Regulation
Globe Pro Limited Vanuatu VFSC

  

GlobePro is an offshore forex broker from Vanuatu. It is regulated by Vanuatu Financial Services Commission (VFSC). The broker claims it is subjected to strict standards, capital adequacy requirements and oversight by the regulator, but we all know that this is not exactly so. There may be some oversight, but it is far from sufficient to ensure client safety. After all, the offshore zones like Vanuatu and the similar are known for their lax requirements and as tax havens.


There are far more reputable and serious regulators who are indeed supervising the activities of their charges and have strict requirements. Among them are the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). This is why dealing with forex brokers regulated by either of them (or both) is far less risky than doing business with an offshore-regulated company.


Trading platform


Like hundreds of other brokers, GlobePro also offers the popular MetaTrader 4 (MT4) as a trading platform. It is available as a web application and for desktop computers and mobile devices.


MT4 enjoys eternal popularity among both brokers and traders. It is stable and reliable, has many functions, offers API connectivity, supports PAMM and MAMM functionality and has a wide selection of technical analysis and charting tools. It is also user-friendly and supports Expert Advisors and automated trading. The platform has been on the market for over 10 years and only recently started to lose some of its popularity to its successor MetaTrader 5.


Promotions


GlobePro offers a 30% trading bonus to those who deposit at least $250.


Methods of payment


GlobePro provides several payment options for its clients. In addition to the standard payment options like bank transfers and debit/credit cards, clients of the broker can use the platforms Neteller, Skrill and the prepaid service Paysafecard.


Conclusion


Besides being an offshore broker, GlobePro does not offer very impressive trading conditions, nor is the required deposit very low. So, we cannot see any serious reason to recommend it. It is highly advisable to avoid offshore companies with flimsy regulation from Vanuatu, Saint Vincent and the Grenadines, the Marshall islands and the likes, no matter what the broker promises. Preferably, deal with properly regulated reliable brokers.


Pros Cons
MT4 Offshore
  Low leverage

 

 

 

Latest news about GlobePro
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Traders` reviews for GlobePro

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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