Globtrex review covers this European CFD broker operated by Rehoboth Ltd, previously regulated under CySEC but now primarily offering services outside the EU. Globtrex provided leveraged trading in forex, commodities, indices, and shares, though regulatory and transparency concerns have emerged. The platform was targeted toward retail traders with educational support and tiered accounts.

Regulation and Safety

Globtrex was formerly operated under CySEC regulation via Coverdeal Holdings Ltd (license number 231/14). However, its CySEC license was withdrawn in 2021, and the broker now operates under Rehoboth Ltd without clear Tier-1 oversight. As a result, client protection mechanisms like compensation schemes, audit trails, and fund segregation are no longer assured. There is currently no active regulation by the FCA, ASIC, or other major authorities.

Execution Model and Trading Platforms

Globtrex uses a Market Maker model, routing trades internally rather than to external liquidity providers. It offers a proprietary web-based trading platform with charting tools, news feeds, and position tracking. No MetaTrader 4 or 5 support is available, and there is no FIX API or VPS offering for advanced traders. Execution speed and reliability are average, with no transparency over slippage or re-quoting practices.

Markets and Instruments

Globtrex provides CFD trading across several asset classes:

• Forex (majors, minors)
• Indices (e.g., DAX, NASDAQ, S&P 500)
• Commodities (gold, oil, silver)
• Shares (global equities)
• Bonds (select European government bonds)

No cryptocurrency CFDs or ETFs are currently available. The total number of instruments offered is approximately 250+ depending on account type.

Accounts, Spreads and Leverage

Globtrex offers three account types: Basic, Advanced, and Premium. Spreads are fixed, starting from 2.0 pips on EUR/USD for Basic accounts, and reduce with higher tiers. No commission is charged; instead, costs are built into the spread. Leverage is capped at 1:30 for retail clients and up to 1:200 for professionals. The minimum deposit requirement is $250. Stop-out level is typically 50%, with margin call at 80%. No swap-free (Islamic) accounts are offered.

Funding and Base Currencies

Globtrex accepts deposits via credit/debit cards, bank wire, and some e-wallets. Base currencies include USD, EUR, and GBP. Deposit processing is usually instant, while withdrawals can take 3–7 business days depending on the method. Fees may apply, especially for wire withdrawals. The broker does not currently offer crypto-based funding or multi-currency account management.

Client Protections and Features

Since losing CySEC regulation, Globtrex no longer guarantees client protections such as segregated funds, FSCS/ICF eligibility, or mandatory negative balance protection. The platform offers 2FA login and basic web encryption but lacks biometric authentication or independent fund custody. Educational tools include videos, webinars, and daily market analysis for registered clients.

Institutional and Retail Offering

Globtrex caters solely to retail traders. No institutional services such as FIX API, white-label solutions, or prime brokerage are available. Advanced features like MAM/PAMM accounts, algorithmic trading, or social trading tools are not supported. The broker’s main focus remains basic retail access to CFD markets with account management and educational support.

Pros and Cons

Pros

• Wide range of CFD instruments (forex, indices, stocks)
• Simple web-based platform with educational content
• No commissions on trades

Cons

• No longer regulated by CySEC or Tier-1 authorities
• High spreads, especially on basic accounts
• No MT4/MT5 or advanced trading tools
• Limited client protection and no compensation scheme

Frequently Asked Questions

Is Globtrex regulated?

No, Globtrex is no longer regulated by CySEC or any Tier-1 financial authority. It currently operates without clear regulatory oversight.

What platforms does Globtrex offer?

Globtrex offers a proprietary web-based trading platform. It does not support MetaTrader 4 or MetaTrader 5.

What is the minimum deposit at Globtrex?

The minimum deposit is $250 for a Basic account, with higher tiers requiring larger deposits for lower spreads and enhanced services.

Are my funds protected with Globtrex?

No, since the broker is no longer regulated, client fund protection is not guaranteed and there is no access to compensation schemes.

Does Globtrex offer cryptocurrency CFDs?

No, Globtrex does not currently provide access to cryptocurrency trading or crypto-based funding options.