FxGlory Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of FxGlory trading signals. You will learn what kinds of trading signals FxGlory offers and what the conditions for using them are.
Short introduction of 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 0.7 pips on VIP 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.
| 💰 Account currency: | USD |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | up to 1:3000 |
| 💱 Spread: | from 2.0 pips (from 0.7 pips on VIP accounts) |
| 🔧 Instruments: | Currencies, metals, oil |
| 💹 Margin Call / Stop Out: | 30%/10% — 60%/30% |
FxGlory Pros and Cons
👍 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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
-
Copy trading.
-
Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
FxGlory Trading Signals
TU analysts reviewed trading conditions of FxGlory and checked for hidden fees. Trading conditions of the broker are transparent, but the level of fees is rather high. There are no hidden fees; the broker charges spread and a withdrawal fee.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | from $20 | Yes |
| Premium | from $20 | Yes |
| VIP | from $7 | Yes |
Conclusion
Based on the results of the analysis of the FxGlory trading signals, Traders Union analysts established that the conditions are average. The broker offers limited opportunities for the clients choose its trading signals. However, there are also benefits, which is why they can be considered for investment. Keep in mind that trading signals carry the risk of losses and make sure to use the rules of risk management.
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FAQs
Can trading signals depend on the account type?
Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.
Can I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
Do I need to test trading signals before subscribing to them?
Most definitely yes. Make sure that the signals do work and are effective.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.