According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- MT4
- MT5
- 2011
Our Evaluation of FxGlory
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FxGlory is a moderate-risk broker with the TU Overall Score of 5.83 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FxGlory clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
FxGlory is a universal broker for active trading that is likely to be interesting for European traders.
Brief Look at FxGlory
FxGlory has attracted a significant client base despite lacking a reputable regulatory license. The broker offers several account types with varying minimum deposits and extensive leverage options reaching up to 1:3000. While spreads start from 2 pips, which is above average, they can be as low as 0.1 pips on CIP accounts with no additional trading fees. Potential clients should carefully consider the broker's complex withdrawal fee structure.
FxGlory provides a free 3-month VPS service with a $1,000 minimum deposit, renewable for additional 3-month periods with further $1,000 deposits.
FxGlory is best suited for traders who prioritize high leverage and less restrictive trading conditions over regulatory oversight.
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- minimum deposit is $1;
- no limitations on strategies (scalping, hedging, algorithmic trading are allowed).
- order processing method is STP (passing orders to liquidity providers, routing orders to the ECN system is not provided);
- high spreads: from 2 pips for the standard account (due to the STP model being used);
- relatively complex fee schedule and calculation of the minimum withdrawal amount. Differentiation of fees depends on the withdrawal amount and payment method;
- the website is available only in English;
- no cent accounts;
- no regulation;
- responses of customer support are delayed.
TU Expert Advice
Financial expert and analyst at Traders Union
From the point of view of a trader from Europe, FxGlory is an alright classic broker for intraday trading. However, there are a few things to keep in mind. First, customer support is only available in English. Second, the STP (straight through processing) method means uncompetitive spread, which is logical as the broker works only with certain liquidity providers, ignoring free pricing of the ECN systems. Third, the broker has withdrawal limits in place, which is a ‘sign’ that the company does not have very smooth relations with contracting parties. Also, the broker does not have a license. In case of a dispute, a client has nowhere to go and complain.
The website of the broker is user-friendly, providing information on all main trading conditions, and description of investment products. The company performs its obligations under partnerships in terms of paying rebates, which is why FxGlory is included in the TU Forex Brokers Rating.
- You aim to maximize your profit potential. Very few brokers offer leverage up to 1:3000. Moreover, on the VIP account, the maximum trade size is 1000 lots, far surpassing competitors with limits of 100-300 lots.
- Low trading costs are a top priority for you. On the most advanced account types, VIP and CIP, FxGlory clients can benefit from a minimal spread of 0.7 and 0.1 pips, respectively. Notably, there are no trading fees.
- Regulatory oversight is of paramount importance to you. Despite FxGlory's strong international presence and high rating, it lacks regulatory oversight. However, it is officially registered in St. Lucia.
FxGlory Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МТ4 (browser and desktop versions), MT5 |
|---|---|
| 📊 Accounts: | Standard, Premium, VIP, CIP |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | SticPay, American Express, Perfect Money, cryptocurrencies, WebMoney, EPay, Wire Transfer, Neteller, Skrill, PayPal, Visa, Mastercard |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | up to 1:3000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,2-2,0 pips |
| 🔧 Instruments: | Currencies, metals, oil |
| 💹 Margin Call / Stop Out: | 30%/10% — 60%/30% |
| 🏛 Liquidity provider: | N/a |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Instant Execution, Market Execution |
| ⭐ Trading features: | VPS service for VIP |
| 🎁 Contests and bonuses: | Yes |
FxGlory trading conditions are rather tough. This primarily applies to a rather high entry threshold for professional trading. The $1 minimum deposit is available only for one account that has a number of limitations. The average entry threshold for all other accounts is $1,000.
FxGlory Key Parameters Evaluation
Video Review of FxGlory
Share your experience
- Best
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Lukas Muller 
DE Fast support team + high leverage
more cryptos I need for trading
Piotr
PL Warsaw High leverage and fast withdraw and lots of deposit methods
I need paypal deposits too
Felix Nielsen
NL Hoofddorp Fast and helpful support team and losable bonus
On weekends the cryptos are not able to trade
Hannes
DE Möhnesee 
Timo
DE Düsseldorf
Everything is simple and smooth
US Syracuse simple and easy to use
design can be better
Neil Molina
ES Gavà
Trading Account Opening
To start trading with FxGlory, you need to register an account. Note that by registering through the Traders Union rebate service you can save on the spread. Take the following steps:
Register for free on the Traders Union website and use a referral link to go to the FxGlory website. On the homepage, click Open a Demo Account. You can also open a Live Account from the homepage or in the For Traders menu.
On the next page, download the MT4 or MT5 trading platform and follow the instructions. Opening a demo account does not provide you with access to a User Account.
To register a User Account, click Client Cabinet at the top of the homepage.
Pass authorization by filling out the form offered by the broker. Confirm registration using the link that will be sent to your email. After you confirm your email, another letter will be sent with the login and password.
The following features are available in user accounts:
User accounts also provide access to other useful features:
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editing personal information after passing verification;
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statistics on proceeds from attracted referrals;
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support service.
Regulation and safety
FxGlory has a safety score of 2.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Negative balance protection
- Track record over 14 years
- Not tier-1 regulated
- Not regulated
FxGlory Security Factors
| Foundation date | 2011 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
FxGlory is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker FxGlory have been analyzed and rated as High with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FxGlory with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FxGlory’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FxGlory Standard spreads
| FxGlory | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 2,0 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,5 | 0,4 | 0,1 |
| GPB/USD max, pips | 3,0 | 1,4 | 0,5 |
Does FxGlory support RAW/ECN accounts?
As we discovered, FxGlory does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FxGlory. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FxGlory Non-Trading Fees
| FxGlory | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 3-9 | 0 | 0 |
| Withdrawal fee, USD | 3-5 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
FxGlory offers several account types that differ in the level of minimum deposit, maximum volume of opened positions, stop-out level, etc.
Account types:
You can use the demo account to learn about the features of the trading platform and evaluate pros and cons of the broker’s trading conditions.
Deposit and withdrawal
FxGlory received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FxGlory provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- USDT (Tether) supported
- Minimum deposit below industry average
- Bitcoin (BTC) accepted
- Bank card deposits and withdrawals
- Wise not supported
- Only major base currencies available
- Withdrawal fee applies
What are FxGlory deposit and withdrawal options?
FxGlory provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill, Neteller, BTC, USDT.
FxGlory Deposit and Withdrawal Methods vs Competitors
| FxGlory | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | Yes | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are FxGlory base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. FxGlory supports the following base account currencies:
What are FxGlory's minimum deposit and withdrawal amounts?
The minimum deposit on FxGlory is $1, while the minimum withdrawal amount is $5. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FxGlory’s support team.
Markets and tradable assets
FxGlory offers a limited selection of trading assets compared to the market average. The platform supports 45 assets in total, including 40 Forex pairs.
- 40 supported currency pairs
- Multiple markets
- Crypto trading not available
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by FxGlory with its competitors, making it easier for you to find the perfect fit.
| FxGlory | Plus500 | Pepperstone | |
| Currency pairs | 40 | 60 | 90 |
| Total tradable assets | 45 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | No | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products FxGlory offers for beginner traders and investors who prefer not to engage in active trading.
| FxGlory | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Trading platforms & tools
FxGlory received a score of 7.9/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- MetaTrader is available
- Strategy (EA) Builder is available
- One-click trading
- Free VPS for uninterrupted trading
- No access to a proprietary platform
- No TradingView integration
- No access to API
Supported trading platforms
FxGlory supports the following trading platforms: MT4, MT5, WebTrader. This selection covers the basic needs of most retail traders. We also compared FxGlory’s platform availability with that of top competitors to assess its relative market position.
| FxGlory | Plus500 | Pepperstone | |
| MT4 | Yes | No | Yes |
| MT5 | Yes | No | Yes |
| cTrader | No | No | Yes |
| TradingView | No | Yes | Yes |
| Proprietary platform | No | Yes | Yes |
| NinjaTrader | No | No | No |
| WebTrader | Yes | Yes | Yes |
Key FxGlory’s trading platform features
We also evaluated whether FxGlory offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
| 2FA | Yes |
| Alerts | Yes |
| Trading bots (EAs) | Yes |
| One-click trading | Yes |
| Scalping | Yes |
| Supported indicators | 68 |
| Tradable assets | 45 |
Additional trading tools
FxGlory offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
FxGlory trading tools vs competitors
| FxGlory | Plus500 | Pepperstone | |
| Trading Central | No | No | No |
| API | No | No | Yes |
| Free VPS | Yes | No | Yes |
| Strategy (EA) builder | Yes | No | Yes |
| Autochartist | Yes | No | Yes |
Mobile apps
FxGlory supports mobile trading, offering dedicated apps for both iOS and Android. FxGlory received 2/10 in this section, which suggests limited user interest or weak performance of the apps.
- User-friendly interface
- Mobile 2FA not supported
- Indicators not supported
We compared FxGlory with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
| FxGlory | Plus500 | Pepperstone | |
| Total downloads | No data | 10,000,000 | 100,000 |
| App Store score | No data | 4.7 | 4.0 |
| Google Play score | No data | 4.4 | 4.0 |
| Mob. 2FA | No | Yes | Yes |
| Mob. Indicators | No | Yes | Yes |
| Mob. Alerts | No | Yes | Yes |
Education
There are not a lot of educational materials on the FxGlory website. Most of them are intended for novice traders, who are only taking their first steps in trading.
Customer support
The broker’s support service is available 24 hours a day, 5 days a week.
Advantages
- The support service responds relatively quickly
- Live chat is available
Disadvantages
- Not available on weekends
- No support in languages other than English
Support service can be contacted the following ways:
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by email and phone number of corresponding offices;
-
by ordering a call back;
-
live chat on the broker’s website;
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by using the feedback form.
The support service is available on the broker’s website and in user accounts.
Contacts
| Foundation date | 2011 |
|---|---|
| Registration address | PKF corporate Services building, 1st floor, Meridian Place, Choc Estate, Castries, Saint Lucia |
| Official site | fxglory.com |
| Contacts |
+44322473800
|
Comparison of FxGlory with other Brokers
| FxGlory | Eightcap | XM Group | RoboForex | Vantage Markets | FxPro | |
| Trading platform |
MT4, MobileTrading, MT5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5, TradingView, ProTrader, Vantage App | MT4, MobileTrading, MT5, cTrader, FxPro Edge |
| Min deposit | $1 | $100 | $5 | $10 | $50 | $100 |
| Leverage |
From 1:1 to 1:3000 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0.1 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
20% / 10% | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 50% | 25% / 20% |
| Order Execution | Instant Execution, Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
Detailed review of FXGlory
FxGlory confidently holds the niche of companies providing classical services of professional trading. FxGlory’s priorities include technological development of an order processing and distribution system that would allow it to route orders directly to the ECN market in the future. This will reduce order execution time, provide traders with information about the market depth and volume and also reduce spread through market liquidity.
FxGlory by the numbers:
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minimum deposit is $1;
-
leverage up to 1:3000;
-
no account volume fee;
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50% bonus for each deposit.
FxGlory is a broker for professional investing
STP (straight through processing) is a model of order processing. Despite a rather high spread, this model allows traders to trade large volumes without fearing slippages due to lack of liquidity. The second benefit of the model is that there is no commission per lot.
FxGlory trading conditions are designed to attract professional traders with large capital. There is only one account with the minimum deposit of $1 and leverage up to 1:3000 for beginners (the leverage recommended by regulators is up to 1:20-1:50). To reduce risks, the broker set the ceiling of total trading volume at 1 lot. The broker offers the МТ4 and MT5 trading platforms. The browser version of the platform is improved and simplified by the broker’s developers.
FxGlory has the following useful services:
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margin calculator. It is a tool that allows traders to calculate amount of margin according to the given volume of the position (leverage and deposit);
-
VPS server. The server provides traders with an opportunity to trade without interruption even when there is no connection between the broker and the platform. It is available for VIP and Premium accounts.
Advantages:
trading conditions limit potential risks, thereby reducing the probability of a loss based on emotional actions;
a “practice” account is available for testing trading strategies in the real market (Standard);
no restrictions on the use of Expert Advisors, locking, scalping.
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