We do not recommend Globex360 for African traders due to the high cost of trading and the numerous complaints we have received. If you are looking for a good South African Forex broker we recommend Blackstone Futures or KhweziTrade instead. Globex360 minimum deposits start at 100 USD, but trading costs are expensive. Spreads are wide, starting at 2 pips on the basic account. A large commission per trade is also charged on all accounts, which is unusual for a broker with such wide spreads. Full spreads are not published. In addition, while Globex 360 states that withdrawals are free, we have received multiple claims that deposits do not reflect to trading accounts and withdrawals do not reflect to bank accounts. Clients have also complained that customer service is extremely poor, or non-existent when it comes to funding issues.