Globe Gain Review 2023 - Verified Customer Reviews
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1.8
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0.0
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Globe Gain Review
Updated May 11, 2021
1.8
Score breakdown
Pricing: 4
Regulation: 0
Popularity: 3
Globe Gain overall score rank: 25 out of 66
Globe Gain is an IB broker providing forex and cryptocurrency rebates. With hundreds of happy clients, Globe Gain is establishing themselves in the finance industry, providing their clients good rebate rates on their trading activity and several payment options.
Established in 2011, and with headquarters in Russia, Globe Gain is an international rebate service presenting a portfolio of 31 vetted CFDs brokers, fully licensed and operating under the rigid control of regulating authorities.
The reliability of Globe Gain broker's portfolio is proved by their high reputation in the CFDs trading industry and by the significant number of clients working with them on a regular basis.
Established in 2011, and with headquarters in Russia, Globe Gain is an international rebate service presenting a portfolio of 31 vetted CFDs brokers, fully licensed and operating under the rigid control of regulating authorities.
The reliability of Globe Gain broker's portfolio is proved by their high reputation in the CFDs trading industry and by the significant number of clients working with them on a regular basis.
KEY TAKEAWAYS
- Several withdrawal options with zero fees
- Globe Gain partners with 31 CFD brokers
- Rocket MT4 Expert Advisor to rent for account holders
- Popular IB in Indonesia
Globe Gain boasts an interesting feature. Clients of this IB broker can sign up for rebates with their portfolio of brokers, but that’s not all. For a monthly fee, ranging from $49 for 1 month to $ 3,699 for a whole year, clients can rent the Rocket EA, an added service from Globe Gain.
The Rocket EA is compatible with MetaTrader 4 and is a technical automated trading system, mainly for the EUR/USD cross. With a maximum drawdown of 28%, a profit factor of 1.68 and with 6.50% average monthly profit, this could be the solution for traders looking to automatise their trading experience.
We do not endorse this option, nor condone it. As in any other financial investment, especially with CFDs trading, interested parties should consider the real risk of a complete loss of the account capital. Therefore, when considering the option of renting the Rocket EA from Globe Gain, traders should do their “homework” before signing up for this service.
As the IB broker specifies of their website, “Globe Gain does not provide any automated trading and fund management services, as well as any financial consulting. All presented data has informational purposes only.”
Let’s look in more detail what Globe Gain has to offer, what payment methods are available, fees and minimum withdrawal amounts.
The Rocket EA is compatible with MetaTrader 4 and is a technical automated trading system, mainly for the EUR/USD cross. With a maximum drawdown of 28%, a profit factor of 1.68 and with 6.50% average monthly profit, this could be the solution for traders looking to automatise their trading experience.
We do not endorse this option, nor condone it. As in any other financial investment, especially with CFDs trading, interested parties should consider the real risk of a complete loss of the account capital. Therefore, when considering the option of renting the Rocket EA from Globe Gain, traders should do their “homework” before signing up for this service.
As the IB broker specifies of their website, “Globe Gain does not provide any automated trading and fund management services, as well as any financial consulting. All presented data has informational purposes only.”
Let’s look in more detail what Globe Gain has to offer, what payment methods are available, fees and minimum withdrawal amounts.
Globe Gain Payment Methods, Fees and Minimum Payment
5.0
| Cashback | Payment Methods | Withdrawal Fees | Withdrawal Minimum |
|---|---|---|---|
| Forex Cryptos Shares Indices Commodities |
Bank Wire | $35 | $100 |
| Skrill | No fees | $5 | |
| WebMoney | No fees | $0.01 | |
| PerfectMoney | No fees | $0.01 | |
| Bitcoin | 2% | $100 | |
| Local Bank (Indonesia) | No fees | $0.01 | |
| Advcash | No fees | $0.01 | |
| Payeer | No fees | $0.01 |
Rebates and Cashback
- Globe Gain offers steady rebate rates that can be earned in 3 simple steps. First, signup for a rebates account. Secondly, choose from one of the highly regulated brokers (or connect an existing trading account). Third, start trading and earning cashback on each executed trade.
- Globe Gain is an IB broker working only with selected brokers, and offering cashback on closed trades across a wide range of CFDs; cryptocurrencies, forex, stocks, indices and commodities.
- Rebates are offered on trading commissions and brokers spreads, paid on every trade, regardless if closed in profit or loss.
- Cashback can be redeemed via eight different payment methods, including bank wires, Bitcoin and the most popular e-payment solutions.
Withdrawals and Other Fees
- Withdrawal fees - Earned cashback is timely processed and can be withdrawn with 8 different payment methods, mostly without any fees. Minimum withdrawal amount is also very low, from $0.01, except for Bank Wires and Bitcoin (minimum withdrawal amount is $100). According to Globe Gain website, e-payment processors such as Skrill, Web Money, Perfect Money or Payeer, have no withdrawal fees.
- Inactivity fee - Globe Gain does not charge an inactivity fee or any account maintenance fees.
Globe Gain Pricing
4.0
| Instruments | Spread Reduction | Rebate per Lot | Commission Reduction |
|---|---|---|---|
| Forex | Avg. 0.59 pip | Avg. $6.17/lot | Avg. 27.8% |
| Commodities | Avg. 0.59 pip | Avg. $6.17/lot | Avg. 27.8% |
| Crypto | Avg. 0.59 pip | Avg. $6.17/lot | Avg. 27.8% |
Spread Reduction
Globe Gain rebate rates are currently good compared to other rebates providers. Traders linking a trading account with this rebates provider can benefit of an average spread reduction, on forex CFDs, of 0.59 pip.
This means investors with a Standard type trading account, with one of the selected brokers proposed by Globe Gain, and trading the EUR/USD with a spread of 1 pip, will get more than half of that spread (0.59 pip) credited back to the rebate account.
This means investors with a Standard type trading account, with one of the selected brokers proposed by Globe Gain, and trading the EUR/USD with a spread of 1 pip, will get more than half of that spread (0.59 pip) credited back to the rebate account.
Rebates per Lot
Other option to earn rebates with some of the CFD brokers proposed by Globe Gain is the rebates per lot. By selecting a broker offering this option, investors will get cashback on each traded lot (100,000 currency units), with an average of US$ 6.17 per lot.
Consider that 1 traded lot volume also includes mini-lots (0.10, 0.20, etc.) that should add to a minimum of 1 complete lot by month end to be eligible for the rebates. Globe Gain will credit the equivalent rebates per lot to its clients, regardless if the trades were closed with a loss or a profit.
Consider that 1 traded lot volume also includes mini-lots (0.10, 0.20, etc.) that should add to a minimum of 1 complete lot by month end to be eligible for the rebates. Globe Gain will credit the equivalent rebates per lot to its clients, regardless if the trades were closed with a loss or a profit.
Commissions Reduction
The third possible way to earn rebates with Globe Gain is with a trading commission reduction percentage. Traders selecting a broker offering this option will be credited, to their rebates account, part of the broker’s trading commission (a common feature with ECN brokers), with an average of 27.8% reduction on the trading commission.
For example, a trader with an ECN type account with a broker charging $US 6.00 commission per 1 traded lot of EUR/USD, will in reality pay $US 4.332 trading commission per lot, with the remaining $US 1.668 credited back as cashback.
For example, a trader with an ECN type account with a broker charging $US 6.00 commission per 1 traded lot of EUR/USD, will in reality pay $US 4.332 trading commission per lot, with the remaining $US 1.668 credited back as cashback.
Globe Gain Popularity
3.0
| Trading Education | Trading Tools | Customer Support | Support Languages |
|---|---|---|---|
| ❌ | Expert Advisor | Multi language Phone call Live Chat |
English Hungarian Indonesian Thai Russian |
The popularity of this IB broker, despite being in business for over 10 years, is still lower when compared to its competitors. Cashback with Globe Gain can be earned by trading with the selected brokers, properly regulated and offering great levels of retail investors protection, with safety mechanisms such as Segregated Investor Accounts or Negative Balance Protection. Globe Gain partners with brokers allowing trading across multiple platforms (MetaTrader 4, MetaTrader 5 and cTrader) to suit all kind of traders.
Nevertheless, Globe Gain’s popularity comes from their good rebate rates, the several withdrawal options, mostly with zero fees, and the very low minimum withdrawal amount.
- Trading Education - Globe Gain does not offer any trading education materials. The only thing we could found on the IB broker’s website is their Blog, accessible by clicking “view all news” where users can find a few articles about the markets, and some company announcements.
- Customer support - Globe Gain support is available in 5 languages. Globe Gain customer support team can be reached via contact form, phone call, email and live chat directly from the IB broker's website.
Concluding our Globe Gain review, this IB broker, notwithstanding their long presence in the industry and their lower popularity compared to their peers, is still a good option for traders looking to earn some extra cash with their trading. Especially for traders looking for a rebates provider with very low minimum withdrawal amounts and a good choice of payment processors, including payments by Bitcoin.
If you would like to find out more about this IB broker promotions, services and offerings, please visit Globe Gain for more details.
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If you would like to find out more about this IB broker promotions, services and offerings, please visit Globe Gain for more details.
Was this review helpful? Share it with a friend!
Globe Gain User reviews
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Globe Gain user rating score rank: 14 out of 66
Globe Gain Products
Forex
Cryptocurrencies
Indices
Commodities (coffee, sugar...)
Shares/Equities