Global Markets is a Trusted CFDs Trader
Established in 2019, Global Markets is a Seychelles-based a Forex and Contracts-for-Difference broker offering different investment products to traders of different experience levels. We took a look at this new-and-coming platform and analysed its products, platform, trustability and ease of use.
The platform offers a variety of coaching tools – 1×1 sessions, online financial course, and an e-book – that teach all the basics of Forex & CFDs to new investors seeking to enter the field. Global Markets also offers free demo accounts with live market conditions, suitable for traders who want to test the platform before registering an account and investing real money. You can do so today – open a demo account and experience Global Markets trading for yourself.
Global Markets is available through both desktop web and mobile app. In this review, we will take a look at both platforms.
Basic Overview: What You Should Know about Global Markets
- Global Markets offers a variety of investment options – Forex, stocks, indices and commodities;
- The broker services in over 30 countries – including most of Europe, Japan, Australia, and more;
- There are no hidden fees – Global Market charges you only for trading activities on the platform;
- Global Markets is a legit broker – fully regulated in the Seychelles, and not a scam;
With a primary focus on CFD options, Global Markets offers products in four distinct categories:
|Investment Product||Available Options|
|Forex||USD/EUR, USD/JPY, USD/GBP, EUR/GBP, etc.|
|Commodities||Gold, Silver, Crude Oil, Aluminum, etc.|
|Stocks||Amazon, Netflix, Tesla, PayPal, Uber, Microsoft|
|Indices||NSDQ, DOW, SP500, DAX, FTSE|
Platform & Interface
Global Markets utilizes SIRIX, a popular all-in-one Forex trading interface developed by Leverate. The appearance of the platform is bold and prominent, but easy to navigate. SIRIX Web is available through most browser, and there is no need to download any additional software in order to access its full functionality. Global Markets is also available through mobile app, as well as propriety desktop software which is not part of this review.
We tested Global Markets’ desktop web interface on Google Chrome 74.0.3 and found it easy to navigate, with clean and dashing design. The platform offers quick access to all of the tools required to make successful trades without cluttering the interface with unnecessary icons or buttons. All of the menus and buttons are properly labeled, and the layout is easy to read at a glance.
The Global Markets trading app is available on both Android and iOS devices through Google Play and the App Store. We tested the trading application on Samsung Galaxy S10e – and found it to run smoothly. Trading through the mobile app is intuitive – maybe even more so than on desktop – and opening a position is done through a few touches on your screen. The layout of the mobile app is similar to the desktop one, which makes migrating from one platform to the other all the more easy. Download the mobile app today through Google Play or App Store and experience trading on the go.
Global Markets allso allows traders to open a demo account, with real market conditions – an invaluable tool to investors who seek to practice their trading strategies. The Demo Account uses the same interface as normal accounts, and is available on both desktop web and through the mobile apps.
Global Markets Trust Level – Scam or Not?
Global Markets is based in the Seychelles, with additional offices in Europe. The platform services almost all European countries, as well as other markets throughout the world (excluding the United States), and regulated in each one of those jurisdictions. In our professional opinion, Global Markets has proven to be a 100% legit and reliable broker, compliant with all international laws and requirements, and not a scam.
It should go without saying all personal information and private details are encrypted. As an additional security measure, Global Market allows traders to enable a two-factor authentication method for logging in.
Trading accounts on Global Markets are segregated, keeping trader’s funds separate from company ones. This is an important security measure which prevents capital being used for wrong purposes, dissuades scammers, and helps money ownership being correctly identified in case anything goes wrong.
Global Markets also employs Stop Out (Negative Balance Protection), making it impossible for your account balance to ever go below zero. For traders who wish to minimize potential losses and risks, the platform also allows trading with Stop-Loss and Take-Profit algorithms.
Currencies, Deposits & Withdrawals
You can open a Global Markets account in one of the following currencies – Great British Pound, United States Dollars, or Euro. You should choose your account currency carefully – all deposits you make to your account will be converted to it, and all withdrawals will be made in the currency of your account. As a result, deposits and withdrawals may be subject to currency exchange fees, imposed by your bank or payment services provider.
A simple workaround is to open a multi-currency banking account, or register for products such as Revolut or Transferwise – both of which offer accounts in several currencies with low-cost international bank transfers.
|Traditional Payment Options:||E-Wallets:|
All deposits must originate from sources in your name. Global Markets does not charge investors for depositing funds into their account, and there is no upper limit to the amount of funds you can deposit. Wire transfers take 3-5 business days to appear in your account, while credit/debit card and e-wallet options are processed immediately.
As with deposits, Global Markets does not charge traders for withdrawing funds from their accounts. In accordance with international money laundering regulations, you can only withdraw your funds to the source from which they originated. From example, if you have only used a debit card to deposit money into your Global Markets trading account, you will not be able to withdraw them to your bank account.
Global Markets is regulated in over 30 countries around the world, covering the most popular markets worldwide. A major exception from the list is the USA – the platform does not service American investors due to regulatory reasons.
|Europe||Rest of the World|
|UK & Ireland||Mexico|
|Central & Western Europe
||Australia & Oceania
Opening an Account
Opening an account with Global Markets is done completely through the online platform. The whole ordeal was easy to navigate, and comparable to opening an account in any website. After submitting your information, it takes up to a business day for your request to be processed – in our case, our account was up and running by the end of the day.
The process requires you to submit several documents – including a photo ID (such as a driver’s license) and a proof of residence (utility bill, such as electricity or gas, or a bank statement). You will also need to submit a copy of your credit/debit card, with the last 4 digits visible – a standard practice for all regulated Forex trading platforms.
Global Markets is a legit CFDs and Forex broker, regulated in over 30 jurisdictions around the world. The Seychelles-based broker follows international anti-money laundering and know-your-client laws, and takes all the necessary precautions to protect investor funds and deter scammers from their platform.
The platform employs SIRIX – a renowned Forex trading platform – and is available on both destktop web and mobile devices. The interface provides easy access to all tools and charts necessary to make informed investment decisions, but keeps the clutter to an absolute minimum. Global Markets is more than welcoming to new investors, offering an online academy, one-on-one sessions, and a live demo account. We also found it easy to register a trading account with Global Markets – you can try it out yourself.
In conclusion, Global Markets is a verified Forex broker offering a range of investment products that can be found in the portfolios of most successful traders worldwide. With a sleek interface and attention to detail, this up-and-coming trading platform has the promise of becoming one of the renowned names in the sector.
Disclaimer: Global Markets is an online trading platform that offers a range of Contracts-for-Difference investment products. CFDs are a complex financial instrument that carries a great risk of losing all your capital due to leverage and market fluctuations.
Before you engage in trading with CFDs, it is important to understand this risk and carefully consider your goals and risk tolerance levels. Global Markets provides a range of training materials designed to teach the basics of CFDs and Forex Trading. Access to those materials is free but requires an account – register today, and check the online trading courses the platform’s academy has to offer.