Globalix Review (2023)

Is Globalix a scam or legit broker?

Globalix is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.

No, it is not safe to trade with Globalix. Globalix is owned by Globalix Ltd., which is an offshore company registered in the Marshall Islands.

The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as GoldmanCFD, Obsbit and more.

Globalix was started in 2013 and has been offering Forex, CFDs, indices, stocks and cryptocurrency trading. The company doesn’t disclose any information about its regulation, so we suppose it doesn’t have a reliable authority behind. According to the website, the broker holds all client money with the top tier banks in Europe, however, it is not located or authorized by any EU regulator, therefore, has no legal right to offer its financial sources to European residents.

In addition, Globalix has been banned in Spain by its regulator CNMV in May 2019:

“GLOBALIX LTD is not authorised to provide the investment services, which include investment advice, or to provide auxiliary services in relation to the financial instruments, including, for those purposes, foreign currency transactions.”

Conclusion

We advise all investors and traders to avoid Globalix and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and BDSwiss. Do not miss our Exness Broker Review.

Globalix website is no longer active.