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FxGlory Commissions and Fees Overview

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FxGlory isn't available in US
FULL FxGlory OVERVIEW

We, at Traders Union, conducted a thorough analysis of FxGlory's fees, resulting in a 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 criteria of 4 /10. This corresponds to a High level. Here are some of the most relevant indicators of FxGlory’s fee structure:

FxGlory fees overview:

Standard account EUR/USD spread, min pips 0,2
Standard account EUR/USD spread, max pips 2,0
Withdrawal fee, % 3-9
Inactivity fee ($, per month) 0

FxGlory Forex spreads and commissions

To assess the cost-effectiveness of FxGlory, we analyzed its spreads across the most popular account types. These were compared with the top two competitors that have high overall ratings and accept clients in your region.

FxGlory Standard account spread

Standard accounts at FxGlory offer floating spreads with a broker markup. They typically have higher spreads than ECN or RAW accounts but do not charge additional commissions per lot, ensuring a straightforward cost structure.

FxGlory Phillip Securities XPro Markets
Floating spread EUR/USD, min pips The cost of 1 pip in USD for EUR/USD is $10. 0,2 0,3 0,2
Floating spread EUR/USD, max pips 2,0 0,6 0,7
Floating spread GBP/USD, min pips 1,5 0,5 0,8
Floating spread GBP/USD, max pips 2,0 0,6 0,7

Looking for tight market spreads without broker markup?

After reviewing data from over 200 brokers, we found that ECN accounts typically cost around $5.10 per lot on EUR/USD (including both spread and commission), while Standard accounts average 0.8 pips, which equals approximately $8 per lot.

Since FxGlory doesn’t offer ECN accounts, we compared three brokers that do, to help you evaluate lower-cost alternatives for EUR/USD trading.

Plus500 Pepperstone OANDA Industry
average Based on the evaluation of over 200 forex brokers
ECN
Commission
per lot, $
3 3,5 3,5
ECN Spread EUR/USD 0,1 0,15 0,17 pips
ECN Spread GBP/USD 0,15 0,2 0,21 pips

What is FxGlory’s average EUR/USD spread?

The average spread on FxGlory can fluctuate depending on overall market volatility. For EUR/USD, the typical spread is around 1,1 pips under normal trading conditions, but it may widen during periods of high volatility.

FxGlory non-trading fees

We conducted an analysis of FxGlory’s non-trading fees to provide a detailed overview of the additional costs that may affect traders outside their regular trading activities.

FxGlory Non-Trading Fees

FxGlory Phillip Securities XPro Markets
Deposit fee, % The indicated amount excludes potential fees charged by payment systems and banks.
No
No
No
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 3-9
No
0-1,5
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 3-5
No
10-100
Inactivity fee ($, per month)
No
No
100-500

What is the cost of executing one Forex lot with FxGlory?

The cost of executing 1 standard lot (100,000 units) with FxGlory depends on market volatility, which can fluctuate significantly throughout the day. Since there are no additional commissions, all trading costs are included in the spread. We calculated the approximate execution cost for 1 lot during peak market hours for clarity.

Spread cost in USD Commission ($ per lot) Total cost in USD
Standard account 11 0 11

Understanding Forex trading costs

When evaluating a Forex broker, it is essential to consider several factors that can directly impact the overall cost of executing trades, beyond just the average spread. Here are some key considerations:

Liquidity and daily turnover

Higher liquidity and larger daily turnover generally lead to tighter spreads and reduced slippage.

Top 3 Forex brokers by trading turnover

Broker Daily turnover ($, billion)
IC Markets 29
Saxo Bank 20,01
StoneX 18,6

Order Execution Speed

Faster order execution can reduce slippage, helping to ensure that trades are completed at the expected prices. Execution speed is typically highest on ECN accounts.

FxGlory does not offer ECN or Raw Spread trading accounts. For traders looking for true ECN execution, Plus500 and Pepperstone are solid alternatives, known for providing direct market access and low trading costs.

Free VPS

A free VPS provides a stable, high-speed connection, which can reduce latency and slippage, especially for automated trading systems and high-frequency trading. This helps ensure consistent performance and potentially lower execution costs.

FxGlory provides traders with free VPS hosting to ensure stable and low-latency execution.

FxGlory extra services for active traders vs competitors

The table below compares the extra services offered by FxGlory for active traders with those of its competitors. These features can enhance trading efficiency and strategy implementation. The comparison showcases how FxGlory stands out in meeting the needs of active traders through its advanced tools, such as API and TradingView integration, and convenient options like one-click trading and support for scalping.

FxGlory services for active traders

FxGlory Phillip Securities XPro Markets
API
No
Yes
No
Signals (alerts)
Yes
Yes
Yes
TradingView integration
No
No
No
Trading bots (EAs)
Yes
No
Yes
Scalping
Yes
No
Yes
One click trading
Yes
Yes
Yes

Minimizing trading costs: Expert tips

Choosing the right Forex broker is crucial for minimizing costs and boosting profitability. Below are expert insights from our recent fee analysis to help you make informed choices and maximize your trading returns.

Author and expert at Traders Union

Beyond spreads and commissions, it's crucial to consider overnight financing charges, also known as swap rates. These fees apply to positions held open past the daily cutoff time, typically 5 PM EST.

For traders engaging in longer-term strategies or swing trading with FxGlory, these swap rates can significantly affect overall profitability. FxGlory calculates these charges based on the interest rate differential between the two currencies in the traded pair. Depending on the direction of your trade and the prevailing interest rates, traders may either pay or receive a swap fee. Some traders even employ a strategy known as "carry trading," which focuses on capturing positive swaps.

Note that many brokers apply triple swap charges on Wednesday or Friday to account for the weekend. This means the overnight fee is tripled on these days.

FxGlory Swap Fees

FxGlory Phillip Securities XPro Markets
Swap Rates EUR/USD (Long) -0,756 -0,325
Swap Rates EUR/USD (Short) 0,110 0,125