de | cn | ru

Global Online Review - is it scam or safe?

Global Online review - Is scam or good forex broker?

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


Global Online claims to be a UK forex and CFD broker, regulated in Australia and the US. Unfortunately that turned out not to be true - Global Online is not regulated by the Australian Securities and Investments Commission (ASIC) nor it is a member of the National Futures Association (NFA) in the US. In practice the Global Online website is completely anonymous as there is no information about the company behind the broker, not even a contact address or a phone.


Trading account  Min. deposit Max. leverage Spread

Standard Account

$100 1:100 3,3 pips


Global Online Advantages:


Acceptable minimum deposit requirement


Even with low credibility brokers like Global Online we always start with all the possible advantages about the broker – in this case the relatively low minimum deposit requirement – 100 USD, which is in the lower range of what most brokers would ask you for, to open a trading account. Still bear in mind that with some big, popular brokers like FBS and IG you will be able to start trading with just 5 USD or even less.


Skrill accepted as payment method


This is another positive point – along with all major credit cards like VISA and MasterCard Global Online accepts payments with bank wire and Skrill – a popular e-wallet. No bitcoins are accepted, however, so here you may check our list of brokers, where you can pay with bitcoins:


>>Forex Brokers Accepting Bitcoin<<


MetaTrader4 supported


This is another piece of good news - Global Online offers MetaTrader4 – the most widely used trading platform in the industry. MT4 has been around for nearly 15 years now and it still dominates the market. MT4 is a platform of choice for professional and beginner traders alike – it features numerous market indicators and customizable trading robots, with which one can easily run automated trading sessions. On top of that MT4 has an excellent charting package so here you may check our list of brokers also supporting the MetaTrader4:


>>MT4 Brokers<<


Leverage of up to 1:100


We tested the Global Online trading platform with a demo account and the spread we were offered – 1:100 was perfectly enough to fit even the most aggressive trading strategies. Besides, in recent years leverage levels were significantly lowered on all regulated markets except Australia, so here you may also check our list of brokers regulated there:


>>Brokers regulated in Australia<<


Global Online Disadvantages:


No license


Global Online says to be authorized and regulated by the Australian Securities and Investments Commission (ASIC) and to be a member of the National Futures Association in the US.


(They do not mention anything about the Financial Conduct Authority (FCA) in the UK, although they claim to be based and founded there.)


And as we already noted all of that turned out not to be true. We were not able to find Global Online Market Limited, the company operating the broker, in the registers of ASIC.


As for the NFA, in a feeble attempt to mislead their customers Global Online has registered there as an “Exempt Commodity Pool Operator”, which in no way gives them the right to claim to be a licensed US regulated broker. 


OANDA one of the biggest US operating brokers is registered with the NFA as a Forex Dealer Member and a Futures Commission Merchant. Global Online does not have such licenses so obviously  they are involved in scam.


And besides, only a handful of brokers have licenses to operate on the US market and that is because of the restrictively high minimum operational capital requirement – 20 000 000 million USD – the same as the capital requirement for the Swiss banks. So it was not a surprise that we were not able to find Global Online in the registers of the NFA.


Unacceptably high trading commission


Checking  Global Online trading platform at first we were pleasantly surprised by the tight spreads – 0,2 pips – 0,3 pips for the benchmark EURUSD spread. However, when we opened a position it turned out that there is a trading commission of 30 USD per traded lot, round trip. 


One standard lot equals 100 000 base currency units, and if you are trading in US dollars a 30 USD commission will basically add up another 3 pips to the actual spread. That means the actual spreads with Global Online start at 3,2 pip – 3,3 pips and that is almost three times the spreads traders would usually consider attractive with a standard account. Still here you may also check our list of brokers offering tighter spreads:


>> Lowest spread forex brokers<<


Few trading instruments


In its presentation Global Online says to be offering over 200 trading instruments in four asset classes, including nearly 70 currency pairs. When we tested their trading platform with a demo account however, we came across just 7 major currency pairs AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, USDCAD and USDJPY, as well as several CFDs on  gold, silver, oil and bitcoins. And that was all. Still, if you are tempted by the idea of trading with crypto assets, you may also check our list of  brokers, trading with bitcoin CFDs:


>>Bitcoin Forex Brokers<<




Global Online is not a regulated broker and that makes depositing your funds with them extremely risky. Bear in mind that unregulated brokers are totally unaccountable for the way they handle your money, so our general advise is to trade only with legit brokers, as the ones regulated by the FCA in the UK. 


You can find our list of FCA regulated brokers here:


>>FCA Regulated Forex Brokers<<

Latest news about Global Online
No news about Global Online. Check back later.
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Hong Kong SFC MarketSpeed FX,
Trading Station
$1 Review

Traders` reviews for Global Online
















Price feed















Customer service










this is the reply from them when I try to withdraw.

Dear vips, I'm sorry! Due to the large number of withdrawals and the threshold of withdrawal of usd 50,000, you cannot apply for withdrawal until you meet the withdrawal standard. Thank you for your understanding.

Justin Tang 07/09/2019
de | cn | ru