1:3000 Leverage, 50% deposit bonus, and 24/7 support are just some of the features of Fxglory Broker. FxGlory was established in 2011 in the heart of Saint Lucia. With over a decade of history and numerous features such as swap-free accounts, is FxGlory suitable for trading in the world's largest market [Forex]? Today, we are going to talk about Fxglory review.
FxGlory broker - Company Information & Regulation
FxGlory, established in 2011, has quickly become a significant player in the forex brokerage industry. Headquartered in Saint Lucia, uses its unique data encryption to guarantee traders safety. Key features of FxGlory:
- High leverage up to 1:3000
- Fixed and low spreads
- Popular MetaTrader 4 and 5 platforms
- 50% deposit bonus
- Swap-free accounts
- Micro-lot trading from 0.01 lot
- 24/7 customer support
While FxGlory is not currently regulated by major financial authorities, they are registered in Saint Lucia. However, note that registering in an area does not mean receiving its regulation. Not having reliable or even offshore regulations is a huge red flag for the security and credibility of Fxglory Broker.
summary of specifications
FxGlory has carved out a niche in the forex market by offering a blend of competitive features and user-friendly services. The broker's website is designed with the user in mind, providing easy navigation and access to essential trading tools and information such as account types, spreads and leverage conditions. To learn more about FXGlory, the table below provides its complete specifications.
| Broker | FxGlory |
| Account Types | Standard, Premium, VIP, CIP |
| Regulating Authorities | None |
| Based Currencies | USD $ |
| Minimum Deposit | $1 |
| Deposit Methods | PayPal, VISA, MasterCard, Neteller, Perfect Money, Cryptocurrency, Skrill |
| Withdrawal Methods | PayPal, VISA, MasterCard, Neteller, Perfect Money, Cryptocurrency, Skrill |
| Minimum Order | 0.01 lot |
| Maximum Leverage | 1:3000 |
| Investment Options | None |
| Trading Platforms & Apps | Metatrader 4, Metatrader 5 |
| Markets | Currencies, Metals, Oil |
| Spread | Varies based on Account |
| Commission | 0 |
| Orders Execution | Market Execution, Instant Execution |
| Margin Call/Stop Out | Varies based on Account |
| Trading Features | Hedging, Premium VPS, Calculators, Economic calendar |
| Affiliate Program | Yes |
| Bonus & Promotions | Deposit Bonus, Crypto deposit discount |
| Islamic Account | Yes |
| PAMM Account | No |
| Customer Support Ways | Email, Live Chat, Phone Call, Help Desk |
| Customer Support Hours | 24/7 |
FxGlory account types
FxGlory broker offers four types of accounts to answer each traderās needs. Donāt know which to choose? Table below is your guide. FxGlory account types:
| Standard | Premium | VIP | CIP | |
| Minimum Deposit | 1 USD (100 USD for MT5) | 1,000 USD | 5,000 USD | 50,000 USD |
| Minimum lot size | 0.01 | 0.01 | 0.01 | 1 |
| Maximum lot size | 1.00 | 10.00 | 100 | 200 |
| Maximum Orders | 20 | 100 | 200 | 300 |
| Leverage | 1:3000 | 1:2000 | 1:400 | 1:10 |
| Deposit bonus | 50% | 50% | 50% | 50% |
| Maximum bonus | 500 USD | 1000 USD | 2000 USD | 2000 USD |
| Margin call / Stop out | 60% / 30% | 50% / 30% | 30% / 10% | 60% / 30% |
| Spread | from 2 pips | from 1.5 pips | from 0.7 pips | from 0.1 pips |
| Commission | 0 | 0 | 0 | 0 |
| Hedge margin | 50% | 50% | 25% | 25% |
| Premium VPS | No | Yes | Yes | Yes |
Pros and cons
What are the benefits of trading in Fxglory broker? Let's break down the advantages and disadvantages; FxGlory pros and cons:
| Pros | Cons |
| Variety of trading instruments | High minimum deposits for premium, VIP and CIP account types |
| Multiple account types to suit different trading styles | No copytrading system available |
| High leverage up to 1:3000 | Lack of regulation by major financial authorities like FCA or CySEC |
| No commission charges | Limited educational resources compared to other competitors such as Admirals |
| Competitive spreads starting from 0.1 pips on CIP accounts | Limited trading instruments |
| Demo account available | |
| Supports Swap-free accounts |
While FxGlory offers attractive trading conditions, the lack of strong regulation and high withdrawal fees may be concerns for some traders. As always, it's crucial to conduct thorough due diligence before opening an account with any broker.
How to sign up in FxGlory broker? Complete Guide!
Getting started with FxGlory is can be done under 3 minutes. Here's a step-by-step guide to opening an account:
- Visit the FxGlory website (fxglory.com) and click on the "Open a Real Account" button;
- Choose Account type.
- Fill out the registration form with your personal details, including first and last name, gender, Email address, password, Phone number, birth country and birth date.
- Fill out the address information with your home address, country of residence, state, city and Zip code.
- Review your information and submit your account to finish the registration.
Remember, FxGlory may require additional documentation for account verification, including proof of identity (passport or government-issued ID) and proof of address (utility bill or bank statement). This is part of their Know Your Customer (KYC) procedures to ensure account security and comply with anti-money laundering regulations.
What are FxGlory broker trading platforms?
FxGlory provides its clients with industry-standard trading platforms [Metatrader4, Metatrader 5] to ensure a smooth and efficient trading experience. Download fxglory trading platforms:
| Metatrader 4 | Metatrader 5 | |
| Windows | Windows MT4 | Windows MT5 |
| Linux | - | - |
| Mac | - | - |
| Android | Android MT4 | Android MT5 |
| iOS | iOS MT4 | iOS MT5 |
| Web Trader | Web trader MT4 | Web Trader MT5 |
FxGlory fees and spreads
FxGlory's fee structure is primarily based on spreads, with no additional commissions charged on trades. FxGlory broker Commission and spreads:
| Spread | Commission | |
| Standard | From 2.0 pips | 0 |
| Premium | From 1.5 pips | 0 |
| VIP | From 0.7 pips | 0 |
| CIP | From 0.1 pips | 0 |
FxGlory broker Deposit and Withdrawal methods
Fxglory Broker uses secure and reliable methods with low fees for deposits and withdrawals. FxGlory deposit and withdrawal methods:
- PayPal;
- VISA;
- MasterCard;
- Neteller;
- Perfect Money;
- Cryptocurrency;
- Skrill.
Withdrawal requests are generally processed within 1-24 hours, except for PayPal and card withdrawals which may take longer.
It's important to note that while FxGlory doesn't charge deposit fees, some withdrawal fees may apply depending on the method used.
Copy Trade and other Investment options of FxGlory
FxGlory does not offer a platform for copy trading, social trading, PAMM, or MAM accounts. Although this brokerage has promised to provide these investment methods soon, there is no exact launch date.
Tradable instruments of FxGlory broker
FxGlory Brokerage does not support many markets; Actulally, one of its significant weaknesses is its limited tools and the number of trading symbols. Fxglory trading insruments:
- Forex: 28 currency pairs available, Including major, minor, and exotic pairs;
- Metals: Precious metals trading available, Including Gold (XAU/USD), Silver (XAG/USD), Platinum (XPT/USD), and Palladium (XPD/USD);
- Oil: oil symbols such as WTI.
It's important to note that the exact list of available instruments can be subject to change.
What bonuses are available in FxGlory broker?
FxGlory offers 2 attractive bonuses to enhance the trading experience for its clients:
- 50% Deposit Bonus: Available on every deposit, Maximum amount of $2,000;
- 10% Deposit Discount: 10% discount on crypto deposits.
While these bonuses can provide additional trading capital and opportunities, be aware that they are not withdrawable.
FxGlory broker support
FxGlory prides itself on providing comprehensive support to its clients. Here's an overview of their support services:
- 24/7 Customer Support: Available via live chat, email, and phone in multilingual languages;
- Comprehensive Knowledge Base (Help Desk): Extensive FAQs covering account management, trading platforms, and general inquiries along Video tutorials.
FxGlory banned countries
Like many online brokers, FxGlory has restrictions on providing services to certain countries due to regulatory and Sanctions. The list of banned countries includes:
- Luxembourg (Europe);
- Bangladesh;
- Indonesia;
- North Korea;
- Syria;
- Sudan;
- Iran;
- Nigeria;
- Any countries under UN sanctions.
This list may change over time due to evolving regulatory landscapes and geopolitical situations.
Trust Scores
Trust scores and user reviews can provide valuable insights into a broker's reputation. FxGlory trust scores:
- Trustpilot: 3.4/5 based on 17 reviews;
- ForexPeaceArmy: 2/5 from 62 reviews;
- Reviews.io: 2.8/5 out of 18 reviews.
The number of reviews in Trustpilot and Reviews.io are relatively small, which may not provide a complete picture.
FxGlory broker educational materials
FxGlory provides a range of educational resources to support traders at various skill levels:
- Video Tutorials: Platform usage guides, Trading strategy explanations and Technical analysis basics;
- E-books: Comprehensive guides on forex trading, Risk management strategies and Advanced technical analysis;
- Trading Glossary: Extensive list of trading terms and definitions;
- Economic Calendar: Upcoming economic events and their potential market impact;
- Daily Market news and analysis: Expert insights on current market conditions along important market news.
Trading Finder expert final words and conclusion
FxGlory was founded in 2011 and is now more than a decade old. Along with advantages such as Islamic account support and a 50% deposit bonus, this brokerage has disadvantages that cannot be ignored. As we mentioned in Fxglory Review, this broker has no regulations and does not support copy trading. Ultimately, the choice is yours whether to use the services of FX Glory Broker or not.
