GlobeX360 Minimum Deposit

GlobeX360 provides multiple account types, and the minimum deposit depends on the type of account you choose.

The Globex360 minimum deposit for all trading account types is $25. However, the expert account has a specific condition, where you must reach a minimum balance of $50,000.

Let’s walk you through the GlobeX360 minimum deposit.

The minimum deposit on a standard account

It is an entry-level account, which requires a minimum deposit of $100. In this account, spreads from 2 pips and leverage up to 1:100.

The minimum deposit on a professional account

This account features a $300 minimum deposit requirement, spreads starting at 1.6 pips, and leverages up to 1:200 for highly experienced traders that seek a professional edge.

The minimum deposit for an expert account

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For an expert account, you will need to speak to an account manager. It comes with increased leverage, tighter spreads from 1.2 pips, a larger $5,000 minimum deposit, and access to a trade specialist.

The minimum deposit for an Islamic account

For those who want to open an Islamic account, you need to contact the GlobeX360 support team, and then you can find the minimum deposit. However, the minimum deposit depends on the same as the standard account.

If you want to create a live trading account with Globex360, you can fill out an application form on the broker’s website.

It isn’t the quickest form we’ve seen, and it will ask for some personal financial info. You must read and agree to the broker’s terms and conditions before checking the option.

After you’ve made your account, you’ll need to verify it with proof of identification (such as a passport) and your address (e.g., utility bill).

After your account is confirmed by the broker, you can fund it with one of the many easy deposit options, download the trading platforms, and start trading online.

When talking about minimum deposits, you must make sure how you are going to deposit them. So, let’s tell you how you can deposit money with GlobeX360.

How to deposit funds with Globex360?

When depositing funds into your broker’s account, you must review all of the broker’s fees.

There is a minimum and maximum trade size with Globex360, with the smallest being 0.01 lots and the maximum being 50 lots. Traders can only open a certain number of orders on their MT4 trading account at a time.

You can withdraw funds from Globex360 using a different payment method than the one you used to deposit.

The funds will be withdrawn and deposited using the same payment method. However, Globex360 allows you to transfer funds to an alternative payment method as long as the name and personal details remain the same.

Wire Transfer, Credit/Debit Card, PayFast, and Bitcoin are all options for quick deposits and withdrawals. However, this is a somewhat restricted choice compared to other brokers that provide several online payment processors such as Skrill, Neteller, PayPal, and others.

Some of these methods may be subject to extra fees. For example, if your withdrawal is less than a specific amount, the broker will charge you a modest fee. Your trading account’s base currency determines the cost.

Please notice that if you deposit in a currency that is not the same as your bank money, Globex360 will not cover any exchange rates.

Depending on your financial institution and country, it might take up to 7-10 business days to deposit funds by wire transfer. Again, you can reach out to GlobeX360’s support team to speed up the procedure.

If you make a deposit using a credit card, the money should be deposited into your account immediately. However, if there is a delay, you may always call customer service, and one of the employees will respond right away.

They can ask for verification documents since they are committed to offering dependable service and a secure trade environment that complies with all regulations. It provides traders with the assurance that their personal info and funds are safe at all times.

GlobeX360 requires additional verification evidence when dealing with third-party deposits such as Skrill. If you make a deposit using a third-party payment method other than a credit card, you must withdraw 100% of the deposit transaction using this initial payment method.

Step-by-step process of depositing funds

Here’s how you can deposit funds step-by-step:

Log in to Client Area
From there, you can select the deposit option.
Select your account’s currency.
Select the desired method like wire transfer, credit/debit cards, etc.
And that’s it; you have deposited funds with the broker.

Deposits base currency

When depositing funds, take note of a base currency. You can open accounts in GBP, EUR, USD, and CHF at GlobeX360. Exchange rate costs do not apply while using an account in your currency. Therefore the many currency alternatives are advantageous.

At the same time, you can have many trading accounts in various currencies. Any bank transfers to Globex360 must be done from a bank account in the client’s full name. Otherwise, your payments will be refunded to you.

Deposit funds protection

When you deposit to your trading account, the funds are routed to specified client accounts. These client accounts hold all of the pooled funds and are kept separate from the company’s funds.

Segregated accounts are set up to guarantee that customer funds are kept separate from company funds.

This implies that if GlobeX360 cannot provide its services to its clients, client monies will be refunded to them as long as they have been fully accounted for before any trading activity ends.

Key takeaways

The minimum deposit at GlobeX360 is $25 for all account types.
When you choose the account type, make sure to check its minimum deposit also.
You can deposit the funds through credit/debit cards, wire transfers, PayFast, and Bitcoin.
Once your account has been accepted and verified, you can use the client area to discover deposit options and make a deposit to start trading.

Bottom line

GlobeX360 offers flexible minimum deposit options as compared to other brokers. For example, the minimum deposit is $25, which is way less than other brokers.

Categories: Traders Blog | Author: jason | Date: 13 January 2022

jason

Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.

Forex Content Writer | Market Analyst

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