Published:
Modfied:
237

FxGlory Broker Review 2024

Rate:
0
FxGlory Broker Review 2024
Calculators Hedging Premium VPS Economic calendar
Go to Website
Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:FxGlory
Founded:Georgia
Min Deposit:1
Max Leverage:3000
Headquarter:Saint Lucia
US Accepted:
About
FxGlory Broker, established in 2011 in Saint Lucia, offers features like 1:3000 leverage, a 50% deposit bonus, and 24/7 support. With over a decade of experience and options like swap-free accounts, FxGlory caters to traders in the Forex market. This review examines whether FxGlory is suitable for your trading needs.
Contact
PKF corporate Services building, 1st floor, Meridian Place, Choc Estate, Castries, Saint Lucia
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
No commission charges
Competitive spreads starting from 0.1 pips on CIP accounts
Multiple account types to suit different trading styles
High leverage up to 1:3000
Demo account available
Variety of trading instruments
Supports Swap-free accounts
Cons
Limited trading instruments
Limited educational resources compared to other competitors such as Admirals
Lack of regulation by major financial authorities like FCA or CySEC
No copytrading system available
High minimum deposits for premium, VIP and CIP account types

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
: FxGlory is a brokerage launched in 2011 with features like 1:3000 leverage.

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.

BrokerFxGlory
Account TypesStandard, Premium, VIP, CIP
Regulating AuthoritiesNone
Based CurrenciesUSD $
Minimum Deposit$1
Deposit MethodsPayPal, VISA, MasterCard, Neteller, Perfect Money, Cryptocurrency, Skrill
Withdrawal MethodsPayPal, VISA, MasterCard, Neteller, Perfect Money, Cryptocurrency, Skrill
Minimum Order0.01 lot
Maximum Leverage1:3000
Investment OptionsNone
Trading Platforms & AppsMetatrader 4, Metatrader 5
MarketsCurrencies, Metals, Oil
SpreadVaries based on Account
Commission0
Orders ExecutionMarket Execution, Instant Execution
Margin Call/Stop OutVaries based on Account
Trading FeaturesHedging, Premium VPS, Calculators, Economic calendar
Affiliate ProgramYes
Bonus & PromotionsDeposit Bonus, Crypto deposit discount
Islamic AccountYes
PAMM AccountNo
Customer Support WaysEmail, Live Chat, Phone Call, Help Desk
Customer Support Hours24/7

FxGlory account types

FxGlory broker offers four types of accounts to answer each traderā€™s needs. Donā€™t know which to choose? Table below is your guide. FxGlory account types:

StandardPremiumVIPCIP
Minimum Deposit1 USD (100 USD for MT5)1,000 USD5,000 USD50,000 USD
Minimum lot size0.010.010.011
Maximum lot size1.0010.00100200
Maximum Orders20100200300
Leverage1:30001:20001:4001:10
Deposit bonus50%50%50%50%
Maximum bonus500 USD1000 USD2000 USD2000 USD
Margin call / Stop out60% / 30%50% / 30%30% / 10%60% / 30%
Spreadfrom 2 pipsfrom 1.5 pipsfrom 0.7 pipsfrom 0.1 pips
Commission0000
Hedge margin50%50%25%25%
Premium VPSNoYesYesYes

Pros and cons

What are the benefits of trading in Fxglory broker? Let's break down the advantages and disadvantages; FxGlory pros and cons:

ProsCons
Variety of trading instrumentsHigh minimum deposits for premium, VIP and CIP account types
Multiple account types to suit different trading stylesNo copytrading system available
High leverage up to 1:3000Lack of regulation by major financial authorities like FCA or CySEC
No commission chargesLimited educational resources compared to other competitors such as Admirals
Competitive spreads starting from 0.1 pips on CIP accountsLimited 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;
FxGlory registration
Click on ā€œOPEN REAL ACCOUNTā€ to sign up.
  • 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 4Metatrader 5
WindowsWindows MT4Windows MT5
Linux--
Mac--
AndroidAndroid MT4Android MT5
iOSiOS MT4iOS MT5
Web TraderWeb trader MT4Web 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:

SpreadCommission
StandardFrom 2.0 pips0
PremiumFrom 1.5 pips0
VIPFrom 0.7 pips0
CIPFrom 0.1 pips0

FxGlory broker Deposit and Withdrawal methods

FxGlory payment methods
deposit and withdrawal options available on FxGlory broker

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 bonus
Overview of the bonuses and promotions offered by the FxGlory

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

Fxglory restricted countries
list of restricted countries on the FxGlory website

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;
FxGlory Trustpilot score
FxGlory Trustpilot score is 3.4 out of 5.
  • 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.

FAQs
Is FXGLORY regulated?

No; Fxglory is not regulated and not registered in any regulatory.

Does FxGlory accept US clients?

Yes; Americans can use Fxglory broker services.

Does FXGLORY accept PayPal?

Yes, PayPal is accepted by Fxglory brokerage.

score of blog
3.6 From 5.0
(51)
Rate this post
0Comment