FXGlory is aForex broker with up to 1:3000 Leverage, a 50% deposit bonus, and $1 minimum deposit. Currencies, metals, and oilare the tradable markets of FxGlory, which are available in their four account types [Standard, Premium, VIP, CIP].
FxGlory Broker Company Information & Regulation
FxGlory, established in 2011, has quickly become a significant player in the forex brokerage industry. Headquartered in Saint Lucia, the broker 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 Forex broker 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. The lack of reliable or even offshore regulations is a significant red flag for the security and credibility of Fxglory Broker.
Company Information Summary Table:
Entity Parameters/Branches | FxGlory Ltd |
Regulation | None |
Regulation Tier | N/A |
Country | Saint Lucia |
Investor Protection Fund / Compensation Scheme | N/A |
Segregated Funds | N/A |
Negative Balance Protection | N/A |
Maximum Leverage | 1:3000 |
Client Eligibility | International (Excluding Select Regions) |
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, offering easy navigation and access to essential trading tools and information, including account types, spreads, and leverage conditions.
The table below provides a complete overview of the FXGlory specifications:
Broker | FxGlory |
Account Types | Standard, Premium, VIP, CIP |
Regulating Authorities | None |
Based Currencies | USD |
Minimum Deposit | $1 |
Deposit Methods | Wire Transfer, Credit/Debit Card, PayPal, NETELLER, Payza, Skrill, OKPAY, Webmoney, Sticpay, Perfect Money, CryptoCurrency, Zelle |
Withdrawal Methods | Wire Transfer, Credit/Debit Card, PayPal, NETELLER, Payza, Skrill, OKPAY, Webmoney, Sticpay, Perfect Money, CryptoCurrency, Zelle |
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 the Account |
Commission | 0 |
Orders Execution | Market Execution, Instant Execution |
Margin Call/Stop Out | Varies based on the 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 meet each trader’s needs. Don’t know which to choose? The table below is your guide. FxGlory account types:
Specifics | 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 with the Fxglory broker? Let's break down the advantages and disadvantages; FxGlory pros and cons:
Pros | Cons |
Multiple account types to suit different trading styles | High minimum deposits for premium, VIP, and CIP account types |
High leverage up to 1:3000 | No copytrading system available |
No commission charges | Lack of regulation by major financial authorities like the FCA or CySEC |
Competitive spreads starting from 0.1 pips on CIP accounts | Limited educational resources compared to other competitors, such as Admirals |
Demo account available | Limited trading instruments |
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 with FxGlory
Creating a new account with the FXGlory broker is a straightforward process. FXGlory registration:
#1 Start from the Official Website
Visit the FXGlory homepage and click on “Open Real Account” to begin.
#2 Choose Your Account Type
Select whether you need a Personal or Corporate account, based on your trading needs.
#3 Submit Personal Details
Fill in your full name, date of birth, email, phone number, and residential address. Agree to the platform’s terms and continue.
#4 Add Address Info & Referral (If Any)
Enter your complete address. If you have a referral code, apply it here before proceeding.
#5 Review and Confirm
Make sure all details are correct. Submit the form to finalize your application.
#6 Email Verification
Check your inbox and activate your account by clicking the link in FXGlory’s verification email.
After creating your account, you can use your FXGlory login details to enter the broker's dashboard.
FXGlory Verification
FXGlory requires all traders to complete the KYC process by uploadingproof of identity (passport, ID card, driver's license) and proof of address (bank statement or a utility bill). Phone verification is also mandatory in this procedure.
What Are FxGlory Broker Trading Platforms?
FxGlory offers its clients the industry-standard MetaTrader 4 and MetaTrader 5 platforms to ensure a seamless and efficient trading experience. FxGlory Trading Platforms Key features:
- Full support for EAs (Expert Advisors)
- Strategy builder
- One-click trading
- Alerts and indicators
In addition to these platforms, traders can use the FXGlory webtrader to place their orders.
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:
| Account | 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 |
Non-Trading Commissions
Based on the available data gathered from the official sources, there are no inactivity fees or other non-trading costs involved with the broker.
FxGlory Broker Deposit and Withdrawal Methods
Fxglory Broker uses secure and reliable methods with low fees for deposits and withdrawals. We will go through more details in the following sections.
Deposit Options
FxGlory is a serious competitor when it comes to payment methods, offering over 10 choices. Here's a table with information about each one:
| Payment Method | Min. Deposit | Deposit Fee |
Wire Transfer | $500 | 0 |
Credit/Debit Card | $50 | 0 |
PayPal | $100 | 0 |
Neteller | $2 | 0 |
Payza | $1 | 0 |
Skrill | $1 | 0 |
OKPAY | $1 | 0 |
Webmoney | $1 | 0 |
Sticpay | $1 | 0 |
PerfectMoney | $1 | 0 |
$1 | -5% | |
Zelle | $10 | %9 |
Deposits are typically processed instantly
Withdrawal Methods
The payment solutions available for withdrawals are mostly the same as those for deposits:
| Payment Method | Min. Withdrawal | Max. Withdrawal | Withdrawal Fee |
Wire Transfer | $500 | Unlimited | $1000 = 9% |
Credit/Debit Card | $10 | Unlimited | < 300 = 5% |
PayPal | $100 | $2500 per Day | 9% |
Neteller | $5 | Unlimited | > 50 = 4%, WD < 50 = $3 + 4% |
Payza | $5 | Unlimited | < 50 = $3 |
Skrill | $5 | Unlimited | 3% + $3 |
OKPAY | $5 | Unlimited | < 50 = $3 |
Webmoney | $5 | Unlimited | < 50 = $3 |
Sticpay | $5 | Unlimited | 3% |
PerfectMoney | $5 | Unlimited | $5 |
Cryptocurrency | $5 | Unlimited | 0% to 5% + $20 |
Withdrawals take between 1 and 7 days, depending on the method; they must be made via the same method used for deposit, as part of AML compliance.
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, a specific launch date has not been announced. You don't have to wait because the platforms below offer copy trading, and you can use them:
- eToro
- AvaTrade
- Pepperstone
- FXCM
- Tickmill
- Vantage
Tradable Instruments of FxGlory Broker
FxGlory Brokerage does not support many markets; actually, one of its significant weaknesses is its limited tools and the number of trading symbols. Fxglory trading instruments:
Category | Type of Instruments | Number of Symbols | Competitor Average | Max. Leverage |
Forex | Standard, Micro, Ultra Low accounts | 28 currency pairs (including major, minor, exotic) | 50–70 currency pairs | 1:3000 |
Metals | CFDs on precious metals | Gold, Silver, Platinum, Palladium | Typically 4–10 instruments | 1:3000 |
Oil | CFDs on oil | Includes WTI | Typically 2–4 oil instruments | 1:3000 |
Please note that the list of available instruments is subject to change.
What bonuses are available at the FxGlory broker?
The available promotions allow traders to elevate their trading experience. FXGlory bonuses:
- 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 multiple languages
- Comprehensive Knowledge Base (Help Desk): Extensive FAQs covering account management, trading platforms, and general inquiries, along with 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 is subject to change over time due to evolving regulatory landscapes and geopolitical developments.
Trust Scores
Trust scores and user reviews can provide valuable insights into a broker's reputation. FxGlory trust scores:
- FXGlory 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 is 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: An 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 with important market news
FxGlory in Comparison with Other Brokers
The table below helps you understand the pros and cons of trading with FxGlory in comparison with other Forex brokers.
Parameters | FxGlory Broker | |||
Regulation | Not Regulated | FCA, FSCA, CySEC, SCB | FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA | ASIC, FSC, DFSA, CySEC |
Minimum Spread | From 0.0 Pips | From 0.0 Pips | From 0.0 Pips | From 0.6 Pips |
Commission | $0 | From $0 | From $0.2 to USD 3.5 | $0 (except on Shares account) |
Minimum Deposit | $1 | $100 | $10 | $5 |
Maximum Leverage | 1:3000 | 1:500 | Unlimited | 1:1000 |
Trading Platforms | MT4, MT5 | MT4, MT5, cTrader, Web Trader, Mobile App | Exness Trade (mobile), Exness Terminal (web), MT4, MT5 | MT4, MT5, Mobile App |
Account Types | Standard, Premium, VIP, CIP | Standard, Pro, Raw+, Elite | Standard, Standard Cent, Pro, Raw Spread, Zero | Micro, Standard, Ultra Low, Shares |
Islamic Account | Yes | Yes | Yes | Yes |
Number of Tradable Assets | 50+ | 2100+ | 200+ | 1400+ |
Trade Execution | Market, Instant | Market, Pending | Market, Instant | Market, Instant |
TradingFinder Expert's Final Words and Conclusion
FxGlory forex broker provides trading tools such as premium VPS, calculators, economic calendar; They allow strategies such as hedging, news trading, and scalping,and you can perform them in all trading platforms [MT4, MT5].