deposit:
- $1
Trading platform:
- MT4
- 0%
deposit:
- $1
Trading platform:
- MT4
- 0%
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Summary of FxGlory Trading Company
FxGlory is one of the top brokers in the financial market with the TU Overall Score of 8.66 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 believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company. FxGlory ranks 17 among 395 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
FxGlory is a universal broker for active trading that is likely to be interesting for European traders.
FxGlory (FX Glory) is a brokerage company founded in the United Arab Emirates in 2011. After working in the Asian financial market for slightly over a year, the company moved to European markets. FxGlory chose Saint Lucia as its jurisdiction (registration number 2023-00207), and has offices in the UK, Switzerland and Cyprus. The broker provides classical services in the Forex market, covering all key areas of the segment. FxGlory focuses on active trading, also offering access to binary options.
Notably, the broker is not licensed by any reputable regulatory authorities. This factor should be taken into account by traders considering working with the broker.
💰 Account currency: | USD |
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🚀 Minimum deposit: | $1 |
⚖️ Leverage: | up to 1:3000 |
💱 Spread: | from 2.0 pips (from 0.1-0.7 pips on VIP, CIP accounts) |
🔧 Instruments: | Currencies, metals, oil |
💹 Margin Call / Stop Out: | 20%/10% — 60%/30% |
👍 Advantages of trading with FxGlory:
- minimum deposit is $1;
- no limitations on strategies (scalping, hedging, algorithmic trading are allowed).
👎 Disadvantages of FxGlory:
- 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.
Evaluation of the most influential parameters of FxGlory
Trade with this broker, if:
- 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 0.1 and 0.7 pips, respectively. Notably, there are no trading fees.
Do not trade with this broker, if:
- 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.
Table of Contents
Geographic Distribution of FxGlory Traders
Popularity in
Video Review of FxGlory i
FXGlory is a forex broker presenting an array of tradable instruments, including 35 forex currency pairs, precious metals like gold, silver, and platinum, as well as popular cryptocurrencies such as Bitcoin and Ethereum. The platform offers a variety of account options, including Standard, Premium, and VIP, each tailored with different leverages and spreads to include diverse trader preferences. Notably, all account types provide instant executions, zero commission, and swap-free trading conditions.
Operating on the MT4 and WebTrader platforms, FXGlory has low minimum deposits and good deposit bonuses, catering to both beginners and traders with limited capital. The execution is market-oriented, thereby giving favorable trading conditions without exploiting traders.
While FXGlory has advantages such as low deposits, attractive bonuses, and fair trading conditions, it is important to acknowledge certain drawbacks. The broker lacks stringent regulation, raising concerns about the security of traders' funds. Additionally, there have been reports of account blocking and false allegations, indicating potential challenges faced by some users. It's worth noting that the platform may not be highly active on certain social media platforms. Moreover, a notable volume of suspicious positive reviews submitted during a specific period adds a layer of caution for some users.
FxGlory is a EU-based broker established in 2011 that emphasizes a user-friendly trading experience with plenty of opportunities for traders to maximize profits, including generous leverage (up to 1:3000), maximum trade lots of 1000, and minimal spreads on their advanced accounts. It also has no limitations on trading strategies, allowing scalping, hedging, algorithmic trading, among others.
FxGlory also stands out for its impressive array of tradable instruments, including 35 Forex currency pairs, precious metals such as gold, silver, palladium and platinum, and cryptocurrencies. All trades are executed quickly through the MT4 and 5 trading platforms available on all devices and the web.
With its low minimum deposits of $1, highly intuitive navigation on its platforms, and impressive array of educational resources, FxGlory has created excellent trading conditions for beginning and intermediate traders, while experienced traders appreciate the high leverage available on all accounts and tight spreads available on its advanced accounts.
While FxGlory offers round-the-clock customer support via chat and email, some clients have complained about slow responses to service requests. It does have a respectable 3.5-star rating on Trustpilot but with fewer than 20 reviews. The most glaring drawback for the broker is the lack of regulatory oversight by any reputable authorities.
FXGlory Latest Comments for 2024 i
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Expert Review of FxGlory
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.
Latest FxGlory News
Dynamics of FxGlory’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
FxGlory focuses on providing trading services at over-the-counter financial markets. Investment programs (social trading, PAMM accounts) are not a priority for the company, and therefore are temporarily not offered. Nonetheless, FxGlory is considering introducing social trading technologies on the basis of the existing platform in the future.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
FxGlory Partnership Program
IB (Introducing Broker). Any private individual or a legal entity can be an Introducing Broker. Each partner receives promotional and informational materials and a referral link.
White Label. A person or entity can develop and promote a business under their own brand. FxGlory provides a trading platform, software and apps that allow the company to provide brokerage services.
FxGlory partnership programs are a method of passively investing in marketing the services of the broker. On its part, FxGlory guarantees technical and legal support for each partner.
Trading Conditions for FxGlory Users
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.
$1
Minimum
deposit
1:3000
Leverage
24/5
Support
💻 Trading platform: | МТ4 (browser and desktop versions) |
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📊 Accounts: | Standard, Premium, VIP |
💰 Account currency: | USD |
💵 Replenishment / 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 |
💱 Spread: | from 2.0 pips (from 0.1-0.7 pips on VIP, CIP accounts) |
🔧 Instruments: | Currencies, metals, oil |
💹 Margin Call / Stop Out: | 20%/10% — 60%/30% |
🏛 Liquidity provider: | N/a |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Instant Execution, Market Execution |
⭐ Trading features: | VPS service for VIP |
🎁 Contests and bonuses: | Yes |
Comparison of FxGlory with other Brokers
FxGlory | RoboForex | Exness | FxPro | Vantage Markets | TeleTrade | |
Trading platform |
MT4, MobileTrading | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5, cTrader, FxPro Edge | MT4, MT5, WebTrader, Mobile Apps | MT4, MT5 |
Min deposit | $1 | $10 | $10 | $100 | $50 | $1 |
Leverage |
From 1:1 to 1:3000 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
From 1:1 to 1:10 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | 8.00% | No | No | No | No | No |
Spread | From 2 points | From 0 points | From 1 point | From 0 points | From 0 points | From 0.8 points |
Level of margin call / stop out |
20% / 10% | 60% / 40% | No / 60% | 25% / 20% | 100% / 50% | 70% / 20% |
Execution of orders | Instant Execution, Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution, Instant Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
FxGlory | RoboForex | Exness | FxPro | Vantage Markets | TeleTrade | |
Forex | Yes | Yes | Yes | Yes | Yes | Yes |
Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
Crypto | No | No | Yes | Yes | No | Yes |
CFD | Yes | Yes | Yes | Yes | Yes | Yes |
Indexes | No | Yes | Yes | Yes | Yes | Yes |
Stock | No | Yes | Yes | Yes | Yes | Yes |
ETF | No | Yes | No | No | No | Yes |
Options | No | No | No | No | No | No |
FxGlory Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Standard | from $20 | Yes |
Premium | from $20 | Yes |
VIP | from $7 | Yes |
CIP | from $1 | Yes |
The broker also charges swaps (fee for position rollover to the next day).
Comparative analysis of FxGlory fees provided an idea of the broker’s attractiveness and competitiveness. Based on the results of the analysis of fees, brokers were assigned a corresponding level, from low to high.
Broker | Average commission | Level |
FxGlory | $12 | High |
RoboForex | $1 | Low |
Pocket Option | $8.5 | Medium |
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:
-
minimum deposit is $1;
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leverage up to 1:3000;
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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 trading platform. 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);
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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 CIP 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.
How To Start Earning: Trader’s Guide
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.
Investment Education Online
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.
Security (Protection for Investors)
The FxGlory broker is registered in Saint Lucia, an offshore jurisdiction (registration number 2023-00207). Notably, registration of a legal entity does not mean that the broker is regulated by a professional regulatory authority. The company provides no information about having a brokerage license.
👍 Advantages
- There are segregated accounts
- Unique data encryption technology
👎 Disadvantages
- No regulation; interests of individual investors are practically not protected
Withdrawal Options and Fees
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FxGlory processes withdrawals at the first request of a trader. The number of withdrawal requests is not limited.
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The following deposit/withdrawal options are available: SticPay, American Express, Perfect Money, cryptocurrencies, WebMoney, EPay, Wire Transfer, Neteller, Skrill, PayPal, Visa, Mastercard.
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There is a minimum withdrawal amount: from $5 depending on the payment system. Only PayPal has a daily withdrawal limit.
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Withdrawal processing time depends on the payment system and can be up to 8 business days.
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Deposit and withdrawal currencies include USD, and crypto wallets.
Customer Support Service
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;
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by ordering a call back;
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live chat on the broker’s website;
-
by using the feedback form.
The support service is available on the broker’s website and in user accounts.
Contacts
Foundation date | |
Registration address | PKF corporate Services building, 1st floor, Meridian Place, Choc Estate, Castries, Saint Lucia |
Official site | fxglory.com |
Contacts |
Email:
support@fxglory.com,
Phone: +44322473800 |
Review of the Personal Cabinet of FXGlory
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 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;
-
statistics on proceeds from attracted referrals;
-
support service.
User Reviews of FxGlory i
Register on the website and sign in to submit a review about your experience of working with a broker. Everyone is welcome to post a review.
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FAQs
Do reviews by traders influence the FxGlory rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about FxGlory you need to go to the broker's profile.
How to leave a review about FxGlory on the Traders Union website?
To leave a review about FxGlory, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about FxGlory on a non-Traders Union client?
Anyone can leave feedback about FxGlory on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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