Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FxGlory Pros & Cons
- 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 Verdict
FxGlory carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
FxGlory User Reviews
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5-star
6%
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4-star
21%
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3-star
50%
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2-star
13%
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1-star
11%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria4 /10The trading and non-trading commissions of FxGlory have been analyzed and rated as having High fees, with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
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Is FxGlory Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria2.5 /10FxGlory 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 15 years
- Not tier-1 regulated
- Not regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7 /10FxGlory offers the following account options: Demo, Standard, Swap Free, VIP.
However, FxGlory does not provide an ECN account with direct market access, which may be a drawback for experienced traders or scalpers seeking the lowest spreads.
- Low minimum deposit
- Standard account with balanced trading conditions
- Swap Free (Islamic) account
- No ECN/Raw spread account
- No Cent account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.5 /10FxGlory received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria3 /10FxGlory offers a limited selection of trading assets compared to the market average. The platform supports 45 assets in total, including 40 Forex pairs.
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Trading Account Opening
We successfully registered an account with FxGlory in 10 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FxGlory is $1.Score:We evaluated Trading Account Opening at FxGlory by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria7.9 /10FxGlory 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.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria2 /10 -
Customer Support
Score:We evaluated Customer Support at FxGlory by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria7.7 /10
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FAQs
How safe is trading with FxGlory in terms of regulation and client protection?
FxGlory has a safety score of 2.5/10 and is described as having a low security level, as it is not regulated and does not hold Tier-1 regulation. The broker does offer negative balance protection and requires KYC verification, but the lack of regulation may increase risks related to investor protection and withdrawal guarantees, as noted in the section.
What commissions and fees should traders expect at FxGlory?
FxGlory’s overall fees are rated as high, with a fees score of 4/10, and its Forex trading fees are described as above average. The broker has no deposit or inactivity fees, but charges withdrawal fees of 3–9% or $3–5, and does not provide ECN/Raw Spread accounts, with Standard account spreads on EUR/USD typically ranging from 0.2 to 2.0 pips and GBP/USD from 1.5 to 3.0 pips.
What do FxGlory user reviews and feedback indicate about the broker?
FxGlory has a user satisfaction score of 5.9/10 based on 157 reviews, with a rating distribution showing 5% 5-star, 20% 4-star, 50% 3-star, 13% 2-star, and 11% 1-star feedback. According to user reviews, overall sentiment is mixed, with a large share of average (3-star) ratings and smaller portions of very positive or very negative experiences.
What deposit and withdrawal options and fees does FxGlory offer?
FxGlory provides a basic range of funding methods, including bank cards, bank wire, PayPal, Skrill, Neteller, BTC, and USDT, and supports USD as the base account currency. The minimum deposit is $1 and the minimum withdrawal is $5, with no deposit fee but withdrawal fees applying, and some methods like Wise and BTC as a base currency are not supported.
What markets and tradable assets are available at FxGlory?
FxGlory offers a total of 45 tradable assets, including 40 currency pairs and commodity futures, but does not provide stocks, crypto, stock indices, options, bonds, ETFs, copy trading, PAMM investing, or managed accounts. The asset selection is described as limited compared to the market average, although it does cover multiple markets within its available range.
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Totally agree with your review! The platform is really simple and convenient, and I like the set of tools too. But about the mobile app - I had the same problems, sometimes glitches, especially at times when it is important to react quickly to the market. I hope they will fix it soon. Otherwise, the service is good, especially the speed of deposits and the variety of payment methods.