Introduction
If you’re considering forex trading, you may have come across the website GlobalForexInstitute.co.za. In this blog post, we’ll take a look at the site and provide a review of its pros and cons, as well as ratings from traders who have used it.
Pros of GlobalForexInstitute.co.za
When it comes to onlineForex trading courses, there are few that can compare to what Global Forex Institute has to offer. For starters, their team of professional traders and analysts provide top-notch support and analysis for all their members. Furthermore, their online trading academy is designed to help you learn at your own pace and provides a wealth of resources that will allow you to improve your skills as a trader. Finally, GFI offers some of the most competitive prices in the industry, making their services an excellent value for the money.
Cons of GlobalForexInstitute.co.za
-Customer support is not 24/7
-No live chat
-No phone support
-Minimum deposit is $250
-Limited educational resources
-Limited currency pairs available for trading
Traders Rating
There are many factors to consider when choosing a forex broker. In this GlobalForexInstitute review, we will take a look at the pros and cons of this broker as well as traders’ ratings.
The first thing to note about GlobalForexInstitute is that they are not regulated by any major financial regulatory body. This means that there is a higher risk that your funds could be lost or stolen if the broker were to become insolvent. However, the company does have some measures in place to protect clients’ funds, such as segregated accounts and negative balance protection.
Another thing to consider is the fact thatGlobalForexInstitute only offers MetaTrader 4 (MT4) as its trading platform. While MT4 is a popular choice among many traders, it does have some limitations when compared to other platforms such as cTrader or NinjaTrader. For example, MT4 does not offer advanced charting tools or market analysis features.
Despite these negatives, there are also some positive aspects of this broker. One is that it offers very competitive spreads starting at just 0.1 pips on major currency pairs. Another benefit is that it has low minimum deposit requirements of just $250 and offers leverage of up to 1:500.
Overall, GlobalForexInstitute seems like a decent choice for those looking for a low-cost forex broker with competitive spreads. However, due to its lack of regulation and limited trading
Conclusion
Overall, we found that GlobalForexInstitute.co.za is a decent forex broker with some good features. However, there are a few areas where they could improve, such as their customer service and account management tools. Overall, we would recommend this broker to experienced forex traders who are looking for a reliable and affordable option.