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Global Markets Review – Suitable for New Investors

  1. Is Global Markets for Me?

In 2019, Global Markets, a Forex & Contracts-for-Difference broker based in the Seychelles, launched their trading platform. Aimed at investors of all experience levels, the platform stands out with clean interface and ease of use. 

For the unseasoned traders, Global Markets offers a range of learning tools, 1×1 sessions, and an online academy that teaches you all the necessary basics of Forex and CFDs tradings. You can also open a demo account and practice your trading strategies in real market conditions without any of the associated risks. The account is also suitable for veteran traders who want to experience Global Markets as a platform – create your account today!

Global Markets is perfect for the trader-on-the-go. The broker is accessible both through desktop web and an in-house mobile app, available both on Android and iOS.

  1. Can I trust Global Markets – or is it Scam?

  • Is Global Markets to be trusted – or is it a scam? 
  • Does the platform operate in your country?
  • What level of protection is there for your funds?

Global Markets is a 100% regulated broker, compliant with all European and international money-laundering laws. In other words, Global Markets is a legit broker, and not a scam. 

The platform is based in the Seychelles, with offices in Europe. The platform is fully regulated in over 30 countries and operates in all European Union countries, as well as a number of markets throughout the world – including Japan, Mexico, Malaysia and Australia, among others. For a full list of countries, see the ‘Supported Jurisdictions’ section below.

    1. Are my Money Safe?

All Global Markets accounts are segregated. Your money is kept separate from company funds – an important funds protection measure which prevents your capital from being used for the wrong purposes. This measure also dissuade scammers from signing up for the service, and helps your money being identified in case of any mishaps. As an additional account protection measure, you can enable an optional two-factor authenticator.

The platform employs Negative Balance Protection (also known as Stop Out) – a security measure which prevents you from ever losing more funds than you have deposited into your account. With Stop Out, it is impossible for your Global Markets account to go below zero. 

Global Markets also offers Stop-Loss and Take-Profit algorithms – invaluable trade tools for all investors, but especially so for new traders who want to limit losses and manage risks.

  • What Products are Available on Global Markets?

Global Markets is a CFDs trader that offers investors to trade in Forex, real stocks, indices, and  commodities.

  • Forex: EUR/USD, EUR/GBP, USD/GBP, JPY/USD, etc.
  • Stocks: Tesla, Netflix, Amazon, PayPal, Microsoft, Uber, etc.
  • Indices: NSDQ, DOW, SP500, DAX, FTSE, etc.
  • Commodities: Crude Oil, Aluminum, Silver, Gold, Cotton, Agriculture, etc.
  • Trading with Leverage

Trading with leverage is available on Global Markets. Leverage – or borrowing funds from your broker to amplify your buying power – is extremely common in the field of Forex trade and may even be considered an industry standard. Leverage allows you to increase the yields on a given trade without owing the full amount required to open a position. For example, with 1:50 leverage, an account balance of just $100 is enough to open a position of $5,000.

Global Markets offers leverage of up to 1:200 per position, based on assets.

  • How do I Open a Global Markets Trading Account?

    • Opening a Global Markets Acount
    • Global Markets Account Tiers
  • Demo Account

You can open a Global Markets account through the in-browser web platform. To open an account, you will need to provide several documents – a security measure intended to discourage scammers and in lieu with international KYC (Know your client) regulations. 

The documents required include a photo ID (such as a driver’s license) and proof of residence (electricity bill or a bank statement). After we submitted our documents to the platform, it took Global Markets less than a business day to process our request. By the end of the day, our trading account was up and running, and ready for business. 

You will also need to select a currency for your account – an important step you should carefully consider, as all funds you deposit to or withdraw from the platform will be converted to the currency of your Global Markets trading account. 

  • You can open a Global Markets account in one of the following currencies:

  • United States Dollars (USD)
  • Euro (EUS)
  • Great British Pound (GBP)
  • Account Tiers

Global Markets offers four distinct tiers of accounts, as well as a demo trading account. The four levels – divided into Bronze, Gold, Platinum and Diamond – are designed to fit investor’s of different experience levels needs, with some of the trading options available only to higher-tier accounts. All accounts are serviced 24/7 by chat customer service, and training materials and academy access are available to all levels.

The broker also offers the option to open Islamic Trading Accounts for Muslim traders that follow the appropriate religious requirements.

Bronze Gold Platinum Diamond
1×1 Training
Agriculture Commodities
Free VPS Service
Trade Size 0.01 0.1 0.2 0.5
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

 

[NOTE: FORMAT THE TABLE DIFFERENTLY when posting.]

    1. Demo Accounts

You don’t need to deposit money into your trading account in order to get the full taste of what it is like to trade with Global Markets. Open a demo account today and practice your investment strategies for free. Global Markets offers comprehensive demo trading accounts with real market conditions – a useful tool for both experienced players, and newcomers who want to sharpen their teeth before jumping off the deep end. 

  1. Where can I open a Global Markets account?

Global Markets is regulated by over 30 jurisdictions around the world, including most of Europe. However, due to legal reasons Global Markets does not offer services to residents of the United Services. Here is a full list of all countries Global Markets services:

      1. Central & Western Europe

  • Germany
  • France
  • The United Kingdom
  • Ireland
  • Austria
  • Switzerland
  • Belgium
  • Netherlands
      1. Nordics

  • Norway
  • Sweden
  • Denmark
  • Finland
      1. Southern Europe

  • Spain
  • Portugal
  • Malta
      1. Eastern Europe

    • Czech Republic
    • Poland
    • Hungary
    • Romania

 

  • Croatia
      1. Rest of the World: 

  • Japan and Mexico
  • Singapore, Indonesia, Philippines, Malaysia, Hong Kong
  • Australia and New Zealand

 

  • Is it Easy to Deposit/Withdraw Funds with Global Markets?

  • Are there any hidden fees?

Global Markets does not impose fees on non-trading transactions, including depositing or withdrawing funds from your account. The only fees the broker applies are on trades done through the platform. However, this may not be the case with your bank or provider of financial services – make sure they do not impose fees on online transactions first.

It is worth keeping in mind all funds deposited to or withdrawn from your account are automatically converted to the currency of you opened your account in, which may result in unexpected currency exchange fees. You can circumvent this by opening a bank account in one of the currencies offered by Global Markets – USD, EUS, or GBP.

  • Depositing with Global Markets

There are several ways to deposit funds into your Global Markets account:

  • Credit/Debit Card
  • Bank transfer
  • Paypal 
  • Neteller/Skrill

Whenever you deposit any amount of funds, your money go directly to your Global Markets account – though the deposit may take some time to be processed by the platform. Bank transfers may take up to 5 business days to appear into your account, while credit/debit cards and e-wallet options are virtually instantaneous. 

All deposits to your traders account must be done from sources in your name. There are no fees or minimum deposit amounts with any of the options.

  • Withdrawals

Withdrawals are made to the same source from which your funds originated. There are no hidden fees, but like deposits the transaction is processed in the currency of your account, and additional fees may be applied by your bank or e-wallet provider.

  • Final Opinion: Global Markets is a Beginner Friendly, Legit Forex Trader

Global Markets is a legit, regulated CFDs trader you can trust. The platform stands out with clean interface that is easy on inexperienced traders yet provides all the necessary tools veterans are accustomed to. 

The broker offers a range of trading tools, as well as an online academy, designed to introduce unseasoned investors to the field of Forex & CFD trading. The academy teaches all the important basics, and the live demo account offers safe environment for people to sharpen their skills.

Opening an account with Global Markets is easy – try it out yourself – and the broker is available through both online web and mobile app.

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