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GlobalTrader365 Broker Review

UPDATED FEBRUARY 2014

GLOBALTRADER365 has been removed from our list of recommended brokers. Over the last year there have been numerous complaints about this broker. We suggest that you do not deposit with GlobalTrader365. 

For a complete list of our up to date recommended brokers Click Here.

GT365 has been added to our list of online scams. Read more here and find out why.

If you have any questions or comments regarding your experience with this broker please Contact Us.

 

Review Update October 2013:  For a long time GlobalTrader365 had been one of our recommended brokers. They had provided responsive customer support and timely withdrawals. Unfortunately in recent months we have received many complaints from GlobalTrader365 custumers both with regards to support and being unable to get withdrawals in an efficient manner. In fact some traders have been unable to withdraw deposits. GlobalTrader claims they are working to resolve these issues. Nevertheless, customer complaints continue to come in. Until further notice we can no longer recommend opening accounts at GlobalTrader365.

Recommended brokers that have similar features, offer demo accounts and accept US traders include Bee Options and Redwood Options (use code RED DEMO).

For a complete list of our recommended brokers Click Here.

GlobalTrader365 Review Summary

Trader Information
Payout %79%
Minimum Deposit$200
US FriendlyYes
Demo AccountYes
Bonus20% - 50%
CurrenciesUSD, EUR, GBP

Platform Overview
No. Assets87
Asset ClassesStocks, Currencies, Commodities, Indices
Trading FeaturesStandard, Option Builder, One Touch, 60 Seconds, Pro Trader
Software PlatformSpotOption

 

 

Customer Service: 24/7 Live Chat was responsive on the different times of day that I utilized it. The support phone line was also responsive with a live operator.

Deposit/Withdrawal: Deposited with credit card and was able to activate right away. Withdrawal was completed within their suggested time frame.

Trading/Execution: Execution was satisfactory.

Features: Had most binary trading features, except for range trading and the take profit feature.

For the most part GlobalTrader365 provides a good trading experience. Particular items which stand out are as follows:

  • Low minimum account requirement of $200.
  • Free Demo Trading Account.
  • Home page opens to trade screen.
  • Pro Trader expanded trading screen.
  • Reduced trade risk – get back 10% on losing trades.

Probably the most important benefit is that GlobalTrader365 uses the SpotOption platform.  SpotOption just received the first CySEC binary option license. With this new regulation in place it means that the trader has security under the financial laws of Cyprus.

Globaltrader 365 Details

Assets Available to trade: Assortment of Stocks, Currencies, Commodities and Indices

Currencies Accepted for Deposit: USD, EUR

Minimum Deposit Amount: 200USD or 200EUR

Deposit Methods: Credit Card, Wire Transfer, CashU

Withdrawal Time Frame: We checked how fast are the withdrawals from Global Trader 365. In our tests, it was up to 3 business days to process request. Another 5-7 business days to receive funds. Withdrawal by credit card can only match original amount charged to card. All profits are sent via wire transfer.

Support: GlobalTrader365 has a 24/7 Live Chat, Customer Phone support for 8 countries.

Demo Account: Free demo trading account available after registering for an account. Do not need to fund account before using demo.

Bonus Structure: Offers Deposit bonus from 20-50% depending on deposit amount.

Trading and Features:

Upon opening the GlobalTrader365 home page you are immediately presented with a trading screen displaying what they call the Top Picks. Many brokers send you to a home page filled with all kinds of ads and clutter, being taken directly to a trading screen is a positive.

The Trading Screen displayes 4 trading choices: Binary Options, Options Builder, One Touch, 60 Seconds

 GlobalTrader365 Trading Tabs

Binary Options trading are standard Call/Put trades. Default trade screen displays the Binary Options Top Picks – 3 Binary Option Trade boxes. Trader can select top commodity, currency, index or stock trades by clicking on the corresponding tab. At any time trader can select binary option trade of his choice from the drop down asset selector in each trade box.GlobalTrader365 Asset Dropdown

By Clicking on the Pro Trader tab expanded trading screen is displayed:

GlobalTrader365 Pro Trading Screen

Pro Trader Screen

 GlobalTrader365 includes the following trading features:

  • Option Builder: Trader can configure option parameters including trade risk.

GlobalTrader365 Option Builder

  • One Touch Trading: Trader predicts whether stock will touch given price within given time frame.

 

GlobalTrader365 One Touch

 

GlobalTrader365 60 Seconds Trading

60 Seconds Trading

When trade is executed open position with graph is displayed on right side of screen:
GlobalTrader365 Open Position Screen

Open Positions

From Open position screen trader can select the Double Up or Roll Over feature:

  • Double Up x 2: While in a position trader can choose to double his investment.
  • Roll Over: For a commission trader can add time to current trade.

 

Trader can view open/closed positions by clicking   GlobalTrader365 Positions Icon  on top right of screen.

GlobalTrader365 Position Screen

Open/Closed Positions

 

Review Update October 2013:  For a long time GlobalTrader365 had been one of our recommended brokers. They had provided responsive customer support and timely withdrawals. Unfortunately in recent months we have received many complaints from GlobalTrader365 custumers both with regards to support and being unable to get withdrawals in an efficient manner. In fact some traders have been unable to withdraw deposits. GlobalTrader claims they are working to resolve these issues. Nevertheless, customer complaints continue to come in. Until further notice we can no longer recommend opening accounts at GlobalTrader365.

Recommended brokers that have similar features, offer demo accounts and accept US traders include Cedar Finance, Bee Options and Redwood Options.

For a complete list of our recommended brokers Click Here.

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