Globalixa has been flagged by Financial Supervisory Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After spending since the beginning of the year trying to make Globalixa work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Helpful community forum|Regular platform improvements|Fast execution
Cons: Mobile app could be improved|No phone support on weekends
For anyone considering Globalixa, please be aware that this company has been flagged by Financial Supervisory Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
Globalixa changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Reliable uptime|Easy to use platform|Great customer service
Cons: Help articles are sometimes vague|Limited cryptocurrency options
My card was charged twice by Globalixa on the same day. I had to dispute it with my bank. Globalixa then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: High security standards|Educational resources|No hidden fees|Two-factor authentication
Cons: None so far|Currency conversion fee exists
After seeing ads for Globalixa online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Supervisory Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database
I was contacted by Globalixa through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Blocked my account|No legitimate license|Fake returns
Do not use Globalixa for anything serious. I used them since last summer for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Low minimum deposit|Fast deposits|Social trading features|Automated trading options
Cons: Would like more payment methods