Seychelles-based Global Markets made waves in early 2019 after introducing a new trading platform for Contracts-for-Difference (also known as CFDs) trading. The platform operates through SIRIX – a powerful Forex trading interface, which provides numerous customization tools – and is available on Android and iOS mobile devices, as well as through any web browser that supports HTML5.
Global Markets’ platform is aimed at beginner-level traders, with uncluttered design, and a comprehensive online academy. The website offers a rich library of learning resources – video tutorials, e-books, and other tools – designed to teach you the basic concepts of Forex trading & CFDs. The broker also allows investors to open a demo trading account, complete with real market conditions, and practice their investment skills using virtual money. You can join the platform today – and register a Global Markets demo account right away!
The platform offers various investment products, ranging from popular Forex pairs, to commodities such as aggricultures. Global Markets operates in over 20 countries, but it is worth mentioning the broker doesn’t provide investment services to traders in the US and Canada.
In this review, we will examine the platform’s reliability, ease of use, and security, and evaluate its accessibility, as well as the range of products.
Global Markets offers over 100 different investment products, ranging from foreign exchange pairs to stocks and indices. The broker lists such popular options as Amazon and Netflix stocks, Gold, and Aluminum.
List of Options:
- Major: EUR/USD, USD/JPY, GBP/USD, USD/CHF, etc.
- Minor: EUR/GBP, EUR/AUD, GBP/JPY, etc.
Stocks: Amazon, Netflix, Uber, Microsoft, Apple, etc.
Indices: NSDQ, DOW, SP500, DAX, FTSE, etc.
Commodities: Crude Oil, Silver, Aluminum, Gold, Cotton, etc.
Global Markets is available on any device that can run an HTML5-supportive browser. The trading interface can also be accessed through a mobile app, available on Google Play and the App Store.
Sirix Webtrader – the trading application Global Markets uses – focuses on ease of use above complexity. The interface offers premium web-based trading environment, with various customization options and over 30 visualizations to choose from. From the moment you open Global Markets’ web interface, it is obvious the broker aims at beginner-level brokers, while still offering the functionalities desired by experienced veterans.
The trading interface of Global Markets doesn’t require PC installations, and as a result is available on any operating system – Windows, MacOS, and user-level Linux variants. We used Google Chrome 75.0.3 as benchmark for testing the interface. By default, the platform loads a visualization of the EUR/USD pair, but this can quickly be changed from a list of all the available products, accessible through a top-drown menu.
Global Markets’ performance was stable on Google Chrome, but the broker’s web-interface does require a steady internet connection, and can be heavy on your traffic. SIRIX comes with in-built social trading system that shows the best-performing investors, and the trades they have made with Global Markets.
Only the most important graphs and information are displayed at the same time. Your account balance is always visible on the bottom, and so are your open positions. The layout was designed as to not overwhelm traders with unnecessary details, and instead brings your focus to the current instrument, with a chart visualization, and time frames. The mobile app keeps most of the layout the same, facilitating easy transition between the browser environment and your mobile device.
Overall, Global Markets offers Forex trading experience tailored to meet the requirements of beginners in the field, but is powerful enough to provide additional functionalities to more experienced traders. Download Global Markets today on your mobile device – through the App Store, or through Google Play.
Global Markets is licensed to operate in over 30 jurisdictions worldwide, including most of the European Union. The broker provides services to most major markets, with two major exceptions – Canada, and the United States. In the future, Global Markets looks to expand to more markets in Europe and across the world.
|West Europe:||Germany, France, Austria, UK, Ireland, Belgium, Switzerland, the Netherlands, Portugal, Spain|
|South-East Europe:||Malta, Czechia, Hungary, Romania, Croatia, Poland|
|North Europe:||Norway, Sweden, Denmark, Finland|
|Asia:||Japan, Mexico, Singapore, Indonesia, Philippines, Malaysia, Hong Kong|
|Rest of the World:||Mexico, Australia, New Zealand|
Global Markets Security Level
Global Markets is a 100% genuine trading service, and not a scam. The broker licensed in each of the jurisdictions it operates in, and follows all international anti-money laundering laws and agreements. The platform is regulated by the financial authorities of the Seychelles, and has additional offices in Europe. On top of that, Global Markets implements additional security measures to protect investor’s funds.
Protection of Funds
All accounts on Global Markets are segregated – all traders’ funds are kept separate from company funds, which keeps scammers away from the platform and prevents your money from getting mixed up.
The broker also has a Negative Balance Protection policy, which makes it impossible for you to owe more money to Global Markets than you have deposited into your account – and your account balance can never go below zero.
You can enable an optional two-factor authentication security layer.
All personal data – including passwords and personal details, but also transactions history and account balance – is kept encrypted on dedicated servers.
Global Markets offers investors access to a rich library of learning products. The library encompasses a range of beginners and advanced e-books on topics such as Contracts-for-Differences, Forex, cryptocurrency, general finance, and trading. In addition to the reading materials, it also includes video tutorials. Traders can also take advantage with 1×1 coaching sessions with Global Markets’ trained professionals.
Traders can also open a demo trading account and test investment strategies without risking monetary losses. The demo account operates using virtual money in real market conditions and is a great tool if you wish to experience the platform before depositing real money. Open your demo account today and practice your trading skills.
Fees, Spreads, and Tiers
There are four distinct tiers of trading accounts available on Global Markets. Each tier is designed to fit the needs of a specific investor’s profile. The four tiers – bronze, gold, platinium, and diamond, offer access to different investment products and tools, with some of them reserved only for higher-tier traders.
Global Markets does not impose fees on depositing to or withdrawing funds from your trading account, and trades on the site don’t have commissions, either. Instead, the broker relies on a spreads system.
|World Indices||$15 per lot||$13 per lot||$11 per lot||$9 per lot|
|Equities US & Asia||$14 per lot||$13 per lot||$11 per lot||$9 per lot|
|Free VPS Service||No||No||No||Yes|
Global Markets offers accounts in one of three available currencies – USD, EUR, and GBP. The currency does not affect the functionality of your account, but you must carefully consider before choosing between the three options. Once you create your account, you will not be allowed to switch between currencies. Furthermore, all transactions to and from the account will be converted to the currency of your account – it is best to use sources with the same currency as your account, or open a multi-currency banking account for the purposes of trading. An alternative is to register for banking products such as Revolut, Transferwise, or Monese.
In addition to traditional bank accounts and credit/debit cards, Global Markets supports several e-wallets as deposit options – Neteller, Skrill, and Paysafe. No matter who your payment services provider is, all deposits must originate from sources in your names.
There are no minimum depositing requirements. Wire transfers take between 3 to 5 business days to be processed, while all the other options are instantaneous.
In accordance to international anti-money laundering regulations, Global Markets allows withdrawals only to sources already used to deposit money. For example, if you deposited money to your Global Markets trading account only using your credit card, you will not be able to withdraw money to your Neteller account (and vice versa).
There are no fees imposed on withdrawing money from your account. All withdrawal requests require a copy of a photo ID and a bank statement, and are processed within 7 business days.
Global Markets is a safe, reliable broker, with a variety of investment products, long and short-term options, and beautiful interface that turns trading into a pleasure. The platform offers a rich library of learning materials and has an online academy, designed to teach the basic principles of trading to rookie traders. Global Markets is available on any device that can run Google Chrome, and on mobile through the Google Play Store or the App Store. Download the mobile app on your Android or iOS device today, and start trading with Global Markets!
In a field plagued by scam, Global Markets has proven itself to be a reliable, 100% trustworthy and legit broker, with focus on beginner and intermediate-level investors. The platform offers access to a rich library of learning tools, designed to teach