Account Types9.5
Trading Speed9.3
Customer Service9.2
Safety9.5
Read our Globe Exchange review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this Globe Exchange review before you sign up with the broker.
Globe Exchange Review
Profitability is the most important concept in trading and also the thing that most traders are looking out to when they start their trading careers. As someone who has been trading for many years, I want to tell you that any company that guarantees you profitability is lying to you.
The best an online trading services provider can do is give you the best resources. The rest is up to you to achieve. Of course, the best company will give you the best resources. My Globe Exchange review revolves around this very fact that many traders seem to forget when they start.
I want to tell you here that there are thousands of online platforms to choose from today, but they are not made equally. Some offer you great trading platforms while others rely heavily on their bonuses and incentives. For this very reason, traders sign up with these companies for various motives. Not to mention, some companies provide their services to only the most expert traders, and not the beginners. When I look at Globe Exchange, I find a company that caters to different trader types and provides them with something that most others ignore i.e. safety.
Yes, you will get a lot of features that seem similar to features from other companies, but when it comes to safety, I don’t think you will be able to find a better candidate. So, let me tell you everything that makes this platform a safer place to trade.
KYC and AML
How can you ignore the importance of these policies when you sign up with any company for trading purposes? I have to tell you that when we started trading, there were no such policies in the world. This means that we started out in a world that was not as safe as the one today. Now that you have these policies in place, you have to take advantage of them. The KYC policy comes into effect when you sign up with an online trading services provider, and Globe Exchange is no exception. The broker, for being compliant with this policy, will require you to submit your personal information before you sign up.
The personal information you provide includes not only the identification number on your identity card but also the picture of the card. Unless you send a picture of the card with the number clearly visible on it, you won’t be able to sign up or trade with this company. Furthermore, you will have to go through the banking process as well. In this process, you will be giving out a lot of personal information, such as your bank account, bank routing number, debit card number, credit card number, and more. You want to make sure that your platform has the right measures in place to make this process safer.
Once the company has made you go through the KYC requirements, it has enough data to recognize you as a unique trader on the website and within the system. In addition to that, you have the AML policy that requires you to make sure you give out all the banking details that ensure that you are the owner of those bank details, accounts, and credit/debit card. If the information on your identification card does not match the information on your bank account, you will not be able to sign up. This will raise a red flag that someone is trying to sign up in your name.
Encryption and Segregation of Accounts
One of the issues you will face when you sign up with online firms for trading purposes is that they sometimes ask you to deposit your funds in their own account. On the surface, it might not seem like a big deal but let me tell you that it can turn out to be a huge mistake from your side. You have to be sure that the company you pick for trading offers the segregation of your trading funds. The money you deposit in your trading account technically does not belong to the company. It is still your money and should only be in your reach for trading purposes.
However, if this money is resting in the account of the broker, the company can access those funds at any time and use them. This is not a safe way to trade. That’s why when you sign up with Globe Exchange, all the money that goes from your bank account to your trading account is protected through the segregation of funds. The company also ensures using only the regulated banks for storing your money. You also have encryption on this website. The website address clearly indicates that the company has SSL certificates installed on it.
Furthermore, the latest encryption standards that Globe Exchange follows ensure your information remains safe when you trade on the website. Through encryption, the company converts your information in such a format that can’t be understood by anyone who is not authorized to look into your information. I am glad for recommending you a company that has these two features in place.
Customer Service in Many Forms
When you sign up with any trading service providing company, you have to look into its customer support. A lot of new traders completely forget about this option when they are looking into other factors. I can tell you from my personal experience that the customer service matters more than you can imagine. When signing up, you feel as though you will never run into a situation wherein you will need the help of the customer support staff. However, I can guarantee you that you will end up in a situation like this. Keep in mind that you are still working with humans and machines – they are both prone to making mistakes.
Customer support might not be the strongest suit of online trading companies, but I can tell you that this company is doing its best to give you something special here. They are available to listen to you 24/5 during the week. Other than the weekend, there is no restriction on when you can get in touch with the company. On the website, you will notice that the company has its contact form available. You can write your message and provide your personal details for the company to look at and respond to you. You can also use the email address, which is also available on the website.
Send an email on this address and you will get a response within 24 hours. With most companies, you send them an email and never expect a response. However, this one will respond. Last but not least, you will be happy to know that the company has incorporated the call back feature as well. So, if you don’t want to wait on the phone, you can have the company agents call you to help you. Give the company your phone number and also mention a time when you can comfortably talk. You will get a call from Globe Exchange at that exact time for your convenience.
Small and Big and Large Leverages
I have noticed that some companies are luring traders to sign up with them based only the leverage information. They tell their traders that they can make a lot of money by simply investing with them and using large leverages. There is no doubt that on their platforms you can use some huge leverages. However, doing so will not help you much. You have to know how leverages work before you can spend your money on any trade. I am here to help you with that. Leverages are contributions that come from the broker to help you enter a trade which is otherwise not possible from your funds.
Since the company is investing money with you and matching a specific amount for each dollar you invest, the amount becomes quite huge. In the end, you have a huge amount that you can invest to make huge profits. That’s where you have to know the truth. You make huge profits only when you are successful with your trades. But what if you are not successful with your trades? In that case, you will end up increasing your losses. This is what makes leverages dangerous, and that’s exactly why huge leverages are not good for starters.
When you sign up with Globe Exchange, you will notice that this team has designed its leverages in a very clever manner. When you sign up with the basic account, the leverage is 1:200. You skip two accounts on the list after that and land on the Solo VIP account and this will give you leverages of 1:300. Things can get even better for you if you go with the Globe Exchange account. You will be surprised to know that the leverage with this account is 1:400. In other words, the company is telling you that you should take huge risks only when you know trading well, not when you are just starting out.
Analysts, Account Managers, and Portfolio Managers
You can take advantage of the services of some of the best professionals from the company by signing up with the right account. Here, I have to give you a disclaimer that these services are available from Globe Exchange, but not all of them are included in every trading account. You have to look at the feature you want the most and go with the account that has that feature. The account manager should help you with your account related matters. Analysts are there to tell you about the market conditions and how you can benefit from them.
On the other hand, you have portfolio managers who will do all in their access to make sure that you invest in the right assets. Every penny that you spend on your trades should convert into a return. The best thing is that you get the help of these professionals for no extra cost.
Final Thoughts
You can see now why I consider a trading account with this company the start of a safe trading journey. The company has some great security features suited to the modern traders. Furthermore, it offers you the help of professional traders and experts to help you learn trading. Not to mention, starting with a small amount of money to open doors to such huge opportunities is never a bad idea.
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