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July 12, 2016

Question:What are the Deposit & withdrawal conditions of FXGlobe MT4?

FXGlobe - What's now?

We are no longer promoting FXGlobe. The information regarding to FXGlobe on the website 'Hercules.Finance' maybe outdated. ref. FXGlobe


Please note that "the Exclusive Cash Back Algo Account" is currently not available with FXGlobe. For traders of FXGlobe, please find other promotions from "FXGlobe Introduction" page.

Answer:

FXGlobe specifies the minimal deposit amount to be 250 USD in the newly updated website though, in case you are opening a Forex account with “Hercules Finance”, the minimal deposit amount you will be required would be only 100 USD.

Also the newly updated website specifies that the maximum leverage is only 1:300 though, with “Hercules Finance”, you can utilize up to 1:500 leverage with Hercules.

Where does FXGlobe hold my funds I deposited? Is it in a safe place?

All client funds are held in top tier banks in segregated accounts.

The most important thing to FXGlobe is the security of their trader’s funds. That’s why FXGlobe follows the highest standards and employs strict rules when handling your investment:

  • No additional commissions or re-quotes
  • Your funds are segregated from FXGlobe’s funds in top tier European banks and cannot be used by the company or any other third party, under any circumstances
  • Fully protected financial and personal data
  • Clear-cut client categorization and investment evaluation procedures for risk management purposes
  • Financial instruments transparency using thorough trading conditions data

FXGlobe will immediately deposit your funds to a segregated account which is separated from their normal operation. You can use the funds as you wish and withdraw it at anytime.

This segregated account rule is is the standard set by CySEC and also by many other regulatory authorities. As FXGlobe is regulated by CySEC and monitored by the entity periodically, you do not need to worry about the security of funds.

Any deposit/withdrawal commissions charged from FXGlobe?

No, there are no any extra charges. FXGlobe does not charge any to deposit/withdrawals to its clients.

But you will be charged other necessarily costs from your payment providers directly to your transferred funds.

For example, if you make an international transfer to deposit to your FXGlobe MT4 account, the corresponding banks may charge you more than 20 USD. FXGlobe does not deduct any amount though, you will see lesser amount than the originally transferred funds in your MT4 account in this case.

If you wish, you can find out the fees by inquiring to your payment providers directly.

For your information, these charges from your payment providers are always the same with any online brokers.

What is the best way to make a deposit to MT4 Forex trading account?

You can make a deposit into your FXGlobe account with a credit/debit card, CashU, Neteller, Wire Transfer and more.  You can make a deposit via MyFXGlobe dashboard.

The best deposit method would be different for everyone.

When you make a deposit to your Forex trading account, you may want to consider following aspects.

1. Deposit and Withdrawal Methods

FxGlobe offers a number of deposit and withdrawal methods though, your withdrawal method is limited to the way you used for deposit. And in case your withdrawal cannot be made via the method you used for deposit, FXGlobe will send the money back to your bank account registered in your name.

It is important for you to plan from Deposit for withdrawal in order to process them smoothly.

2. Commission charged to you

FxGlobe does not charge anything to you when you deposit and withdrawal though, your payment providers may charge you necessarily fees incurred.

Before making deposit and withdrawal, you may want to find out how much are the charges by contacting your payment providers(banks, Neteller company etc)

Can my wife/husband make a deposit into my MT4 Forex trading account instead of me?

FXGlobe does not allow deposits made by a third party credit card.

If you want to use a credit card of a relative or a friend your account information has to be adjusted accordingly.

If you’ve made a withdrawal, it will be credited to the card used when making a deposit. Your account name and the name appearing on the credit card must be the same.

Please make sure that the account where you like to transfer funds to/from should be registered under the same name as the MT4 account you hold with FXGlobe.

No one(family, legal partners or lawyer) can really replace your post and make a deposit instead of you.

This rule is always the same with any brokers in the world.

How to withdraw my funds from FXGlobe MT4 trading account?

You can withdraw your funds by completing a withdrawal request via MyFXGlobe dashboard. You may withdraw funds at any time.

Remember that you can withdraw your funds up to the “equity” amount displayed in MT4 as it is the account balance in real-time including the existing open positions’ profit/loss.

The “Balance” you may see in MT4 is the balance which doesn’t consider the current profit/loss situation. If you have got a huge loss incurred on your open positions, then the “Equity” would be much lesser than your account “Balance”.

Also, FXGlobe may process withdrawal requests accordingly even if you have some open positions though, it is your responsibility to manage & monitor your margin level. FXGlobe cannot take responsibilities of possible losses caused by a stop loss after processing a withdrawal.

Any fees charged on my withdrawals from FXGlobe?

No. There are no charges when making a withdrawal. However, any charges required by your bank for the transfer are solely your responsibility.

Although FXGlobe does not charge you any though, any fees incurred during the process of transfer will be directly charged to the transferred amount. So you could even receive lesser amount than the originally requested amount into your bank account.

You can find out more details of the charges by contacting corresponding banks or other payment providers.

There is always a name of the charges added to your transaction statement.

How long does FXGlobe take to process withdrawals?

By FXGlobe, withdrawals are usually processed within three business days.

Please note that after the withdrawals are processed, it may take more time to arrive on your side(account).

In case of international bank transfer, it could take about 5 business days until you receive the amount. Any online banking methods, it may only take a few second or up to 24 hours.

After withdrawals are processed by FXGlobe, the broker cannot really find out how long it it going to take on the payment provider’s side. If you like to know a specific time frame, please contact your payment provider with your withdrawal statement. (You will need a confirmation code to inquire)

Can I withdraw through different methods than my deposit method from FXGlobe MT4 account?

No, you can only withdraw your money via the method you used when making a deposit.

For example, if you have made deposit through bank wire transfer, then you can only withdraw your funds from your MT4 account via the same method, bank wire transfer.

In case you have made deposit through credit/debit card and like to withdraw later, FXGlobe will process withdrawals by cancelling the payment you have made before. Sometimes a card company doesn’t accept payment cancellation after a few months, in such cases FXGlobe will process your withdrawal via bank wire transfer or other methods that you used for deposit.

If you are not sure about the withdrawal method you can select, please contact FXGlobe support directly.

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