FXGlory Review
- FXGlory Review – 13 key points quick overview:
- Overview
- At a Glance
- FXGlory Account Types
- How To Open a FXGlory Account
- FXGlory Deposit & Withdrawal Options
- Trading Instruments & Products
- FXGlory Trading Platforms and Software
- FXGlory Spreads and Fees
- Leverage and Margin
- Educational Resources
- FXGlory Pros & Cons
- Security Measures
- Conclusion
Overall FXGlory is considered an average risk, with an overall Trust Score of 71 out of 100. They are licensed by zero Tier-1 Regulators (highly trusted), zero Tier-2 Regulators (trusted), zero Tier-3 Regulators (average risk), and zero Tier-4 Regulators (high risk). FXGlory offers three different retail trading accounts: a Standard, Premium, and VIP Account.
FXGlory Review – 13 key points quick overview:
- ☑️Overview
- ☑️At a Glance
- ☑️FXGlory Account Types
- ☑️How To Open an FXGlory Account
- ☑️FXGlory Deposit & Withdrawal Options
- ☑️Trading Instruments & Products
- ☑️FXGlory Trading Platforms and Software
- ☑️FXGlory Spreads and Fees
- ☑️Leverage and Margin
- ☑️Educational Resources
- ☑️FXGlory Pros & Cons
- ☑️Security Measures
- ☑️Conclusion
Overview
FXGlory was established to make Forex trading more accessible and transparent for investors. The company’s values include openness, excellent customer service, and empowering traders through information.
The broker offers instructional tools like webinars and market research, fostering confidence and skill improvement. The company’s commitment to openness is evident in its low spreads, no hidden fees, and straightforward communication policies.
These and a sophisticated trading platform have led to FXGlory’s success. The company has received numerous awards for its exceptional service, user-friendly interface, and commitment to innovation.
As a globally recognized broker, FXGlory continues to evolve and adapt to market demands, ensuring continued success in the future.
Do any financial authorities regulate FXGlory?
No, FXGlory is unregulated, which may create worries regarding investor protection and transparency among certain traders.
How can I contact FXGlory’s customer service?
The broker offers 24/7 customer service by email, live chat, and phone, ensuring that traders can get help whenever they need it.
At a Glance
🗓 Established Year 2011 ⚖️ Regulation and Licenses None 🪪 Ease of Use Rating 4/5 📞 Support Hours 24/7 💻 Trading Platforms MetaTrader 4, FXGlory Web, MetaTrader 5 (no information) 🛍 Account Types Standard, Premium, VIP 🤝 Base Currencies USD 📊 Spreads From 0.7 pips 📈 Leverage Up to 1:3000 💸 Currency Pairs 28; major, minor, and exotic pairs 💳 Minimum Deposit 1 USD (Standard, MetaTrader 4) 🚫 Inactivity Fee Yes, the account is also disabled after 6 months of inactivity 🗣 Website Languages English 💰 Fees and Commissions Spreads from 0.7 pips, zero commission fees ✅ Affiliate Program Yes 🏦 Banned Countries North Korea, Italy, Iran, Bulgaria, United States, Russia, United Kingdom, China, Canada, Japan, Australia, EU, Syria, Sudan, Cuba, and other sanction regions ✔️ Scalping Yes, but limits exist 📉 Hedging Yes, but limits exist 🎉 Trading Instruments Forex, cryptocurrencies, metals, commodities 🎖 Open an Account Open Account
FXGlory Account Types
Standard Premium VIP ✅ Availability All; ideal for beginners All; ideal for casual traders All; ideal for scalpers, day traders, and professionals 🛍 Markets All All All 💸 Commissions None; only the spread is charged None; only the spread is charged None; only the spread is charged 💻 Platforms All All All 📊 Trade Size From 0.01 – 1 lots From 0.01 – 10 lots From 0.01 – 100 lots 📈 Leverage 1:3000 1:2000 1:400 💰 Minimum Deposit 1 USD 1,000 USD 5,000 USD 🎖 Open an Account Open Account Open Account Open Account
FXGlory Standard Account
The Standard account is suitable for both beginners and experts, offering a minimum deposit of 1 USD and leverage of up to 1:3000. With a maximum lot size of 1.00 and a 50% deposit bonus, it provides competitive spreads and margin call/stop out levels for risk control and capital preservation.
FXGlory Premium Account
With a minimum investment of $1,000, the Premium account offers traders enhanced features and privileges, including leverage of up to 1:2000 and spreads as low as 1.5 pips, and Premium VPS services for faster trade execution and smooth communication.
FXGlory VIP Account
The broker offers a VIP account for experienced traders, requiring a minimum deposit of $5,000. This account offers leverage of up to 1:400 and access to Premium VPS. With a maximum position of 200 and a 50% deposit bonus, traders can optimize their trading potential.
FXGlory Demo Account
The Demo account offers traders a secure environment to improve their trading skills by simulating real market situations. This tool is suitable for novice and experienced traders, allowing them to familiarize themselves with the platform and experiment with different techniques.
FXGlory Islamic Account
The broker offers a Swap-Free account for traders adhering to Islamic values, allowing overnight positions without swap fees. This aligns with religious beliefs prohibiting interest payments or receipts, ensuring inclusivity and tolerance for diverse trading preferences in the FX market.
Does the broker provide demo accounts for all account types?
Yes, the broker offers demo accounts for all account types.
What are the primary distinctions between FXGlory account types?
The account categories include different minimum deposit requirements, leverage levels, and extra benefits like premium VPS services and deposit incentives.
How To Open a FXGlory Account
To register an account, follow these steps:
Step 1 – Click on the Open an Account button.
Visit the FXGlory website in your selected browser. Look for “Open an Account” or “Register” on the FXGlory website.
Step 2 – Complete the form.
Click the registration link to complete an online form. You must provide your name, email, phone number, and country here.
Step 3 – Choose an account type.
FXGlory offers Standard, Premium, and VIP accounts. Each account type offers different features, rewards, and minimum deposits. Choose the one that fits your trading and financial requirements.
FXGlory Deposit & Withdrawal Options
💳 Payment Method 🏛 Country ⚖️ Currencies Accepted ⏰ Processing Time Bank Wire Transfer All Multi-currency 1 – 7 days Credit/Debit Card All Multi-currency 1 – 7 days PayPal All Multi-currency 1 – 72 hours Neteller All Multi-currency 1 – 24 hours Payza All Multi-currency 1 – 24 hours Skrill All Multi-currency 1 – 24 hours OKPAY All Multi-currency 1 – 24 hours WebMoney All Multi-currency 1 – 24 hours Sticpay All Multi-currency 1 – 24 hours Perfect Money All Multi-currency 1 – 24 hours Cryptocurrencies All Multi-currency 1 – 24 hours
Deposit Methods:
Bank Wire
✅Go to your client portal and Locate the “Deposit” section.
✅Next select “Bank Wire Transfer” as a deposit method and obtain FXGlory’s bank account information (which will be supplied).
✅Send a wire transfer from your bank account to FXGlory’s account using the reference information supplied. Allow for processing time, which can take several business days.
Credit or Debit Card
✅Go to the client portal and locate the “Deposit” section.
✅Choose “Credit/Debit Card” as the deposit method then enter your card information (number, expiry date, and CVV) and the amount you want to deposit.
✅Funds should normally appear in your FXGlory account immediately.
Cryptocurrency Wallets
✅Log in to your client portal.
✅Find the “Deposit” section.
✅Choose your preferred cryptocurrency (such as Bitcoin or Ethereum).
✅Get the unique wallet address issued by FXGlory and start the cryptocurrency transfer from your external wallet to FXGlory’s given address. Allow for blockchain confirmation and processing times.
e-Wallets or Payment Gateways
✅Log into your client portal, then go to the “Deposit” section.
✅Choose your favourite e-wallet or payment gateway, enter the amount you wish to deposit, and follow the prompts to approve the payment using your e-wallet account. Funds are usually credited to your account promptly.
Withdrawal Methods:
Bank Wire
✅Log in to the client portal.
✅Navigate to the “Withdrawal” section.
✅Choose “Bank Wire Transfer” as your withdrawal option.
✅Enter your bank account information and the amount you want to withdraw.
✅Submit your withdrawal request and allow for processing time, which could take several business days.
Credit or Debit Cards
✅Log in to the client portal.
✅Navigate to the “Withdrawal” section.
✅Choose “Credit/Debit Card”.
✅You can normally withdraw up to the amount you invested using this method.
✅Submit the withdrawal request.
Cryptocurrency Wallets
✅Log in to the client portal then navigate to the “Withdrawal” section.
✅Choose your selected cryptocurrency.
✅Provide your external wallet address.
✅Enter the amount you want to withdraw and submit the request. Allow for blockchain confirmation and processing times.
e-Wallets or Payment Gateways
✅Go to the client portal and navigate to the “Withdrawal” section.
✅Choose your favourite e-wallet or payment gateway.
✅Enter the amount you want to withdraw and submit the request. Funds are usually credited to your e-wallet account swiftly, often within a few hours.
Can I withdraw funds from my FXGlory account using a method other than the one I used to deposit?
No, the broker follows strong anti-money laundering standards, which require withdrawals to be handled like the original deposit wherever feasible.
What is the minimum withdrawal amount on FXGlory?
The minimum withdrawal amount with FXGlory varies based on the withdrawal method. However, it normally ranges between $10 and $100.
Trading Instruments & Products
The broker offers the following trading instruments and products:
➡️Forex – With 28 currency pairings accessible, FXGlory’s forex market provides competitive spreads, enabling traders to participate in worldwide currency trading without difficulty.
➡️Cryptocurrencies – In FXGlory’s cryptocurrency market, you can trade four main cryptocurrencies against fiat currencies while taking advantage of variable spreads and quick execution.
➡️Commodities – With four commodities available: gold, silver, platinum, and palladium, FXGlory’s commodities market provides chances for diversification and risk management at competitive spreads.
➡️Metals – In FXGlory’s metals market, you can trade precious metals like gold, silver, platinum, and palladium at competitive spreads and with rapid execution.
Can I trade options or futures contracts via FXGlory?
No, the broker does not trade options or futures contracts. Instead, it concentrates on spot forex, CFDs, and other derivative products.
Are there any limits on trading cryptocurrencies using FXGlory?
FXGlory enables unrestricted cryptocurrency trading, with competitive spreads and speedy execution for major digital assets such as Bitcoin and Ethereum.
FXGlory Trading Platforms and Software
They have broadened their trading platform services by releasing MetaTrader 5 in November 2023, boosting their portfolio alongside the current MetaTrader 4 Terminal and WebTrader platform.
MetaTrader 4 is a staple for traders, providing a professional and adaptable workspace with comprehensive charting tools and automated trading features.
MetaTrader 4 caters to new and expert traders, offering customizable features and safe transactions.
Meanwhile, FXGlory’s WebTrader platform offers traders simple online access, allowing for frictionless trading immediately from a computer browser. Both platforms have a user-friendly design, allowing traders to execute transactions and rapidly access financial markets.
Can I use third-party trading platforms with FXGlory?
No, the broker only supports its trading platforms, MetaTrader 4 and 5, and the FXGlory WebTrader.
Does FXGlory provide social trading features?
No, FXGlory does not provide social trading capabilities that enable users to mimic the trades of other investors; instead focuses on delivering powerful trading tools and instructional materials.
FXGlory Spreads and Fees
Spreads
The broker offers competitive spreads for traders, enabling cost-effective trading across various financial instruments. With spreads as low as 0.7 pips for EURUSD, traders can capitalize on market opportunities without large expenditures.
Commissions
The broker offers commission-free trading, allowing traders to trade without increased expenses, providing fair pricing and simple conditions for novice and experienced traders, and fostering a profitable trading environment.
Overnight Fees
The broker charges traders overnight fees based on the instrument and trading direction. They provide accurate information on these fees, allowing traders to incorporate them into their trading strategies.
Deposit and Withdrawal Fees
The broker provides a variety of deposit and withdrawal options with no deposit fees. However, some withdrawal methods may be subject to fees imposed by payment processors or banks.
Inactivity Fees
The broker deactivates accounts below $15 or over six months old to ensure efficient account management while maintaining the platform’s integrity.
Currency Conversion Fees
The broker does not explicitly outline currency conversion costs, but traders should know that transactions in a different currency could incur conversion fees.
How does FXGlory compute spreads?
The broker provides competitive spreads that fluctuate based on market circumstances and trading instruments, with spreads as low as 0.7 pips for key currency pairings such as EUR/USD.
Are there any other expenses than spreads while trading on FXGlory?
No, FXGlory uses a commission-free methodology.
Leverage and Margin
The broker provides a dynamic leverage system adapted to each client’s account, allowing more flexibility and control over trading situations. Clients may easily alter their leverage levels using the online Client Cabinet, enabling them to generate ideal trading conditions based on their strategy and preferences.
With leverage ratios of up to 1:3000, the broker caters to traders with varied risk tolerances and account sizes, allowing them to maximize their trading potential.
While the firm maintains the right to adjust leverage conditions, customers are notified of such changes via MetaTrader 4’s internal email system, underlining the necessity of maintaining up to speed with the platform’s rules and regulations.
How does FXGlory set leverage levels for its clients?
The broker provides dynamic leverage levels that are changed depending on the client’s account size and trading activity.
Can I get more leverage from FXGlory?
While the broker offers extensive leverage choices, customers must follow the broker’s leverage limitations to maintain good trading practices and avoid excessive risk exposure.
Educational Resources
The broker offers the following educational resources:
➡️What is Forex? – This part teaches the fundamentals of the Forex market, explaining its importance and how it functions, and is designed to help beginners get started with currency trading.
➡️Why Trade Forex? – It discusses the benefits of Forex trading, such as market accessibility, liquidity, and the possibility for profit, and encourages beginners to examine the chances it provides.
➡️Glossary – A thorough collection of trading words and jargon is supplied, which could help traders get acquainted with typical Forex terminology.
➡️Open a Demo Account – FXGlory emphasizes the significance of practice in trading and walks customers through creating a demo account. This enables risk-free trading, allowing you to test methods and acquire expertise without committing cash.
Are there any expenses for utilizing FXGlory’s instructional resources?
No, FXGlory provides all its customers with free educational tools, like webinars, tutorials, and trading manuals.
Are FXGlory’s teaching offerings appropriate for both beginning and expert traders?
Yes, FXGlory’s teaching tools cover various subjects, from basic trading ideas to sophisticated methods.
FXGlory Pros & Cons
✔️ Pros ❌ Cons Certain account types have zero commission structures User feedback on FXGlory is divided, with some complimenting the service and others emphasizing concerns like withdrawal delays FXGlory accepts several deposit and withdrawal methods, including bank transfers, cards, e-wallets, and cryptocurrencies FXGlory operates without regulation FXGlory’s Negative Balance Protection could assist traders avoid losing more than they have invested FXGlory's tradable assets are mostly focused on currency, cryptocurrencies, and a few commodities FXGlory’s demo accounts are very useful for both new and seasoned traders Some traders have experienced receiving requotes Supporting MetaTrader 4 and 5 gives traders more options and access to familiar, sophisticated platforms Accessing the most competitive spreads could require considerable initial commitments The FXGlory support team is well-known for its helpfulness and accessibility FXGlory charges narrow spreads, especially for its fixed-spread accounts Virtual Private Server (VPS) services are provided to improve trade execution speed and minimize latency concerns FXGlory accommodates traders with religious restrictions by providing Islamic accounts that follow Sharia law
Security Measures
FXGlory is a trading platform prioritizing customer security and trust in the trading environment. The platform segregates client money from business assets, ensuring investment integrity.
FXGlory’s strong financial base and affiliations with major financial institutions foster trust in traders. The company uses 256-bit SSL encryption for customer data privacy.
Authentic liquidity providers offer quick order execution at affordable rates, while advanced risk management systems help traders limit risks. The broker also provides dedicated customer assistance, frequent audits, and robust platform security.
How often does FXGlory perform security audits?
FXGlory does monthly security audits and assessments to detect and remedy any possible vulnerabilities or gaps in its systems and infrastructure.
What encryption measures does FXGlory utilize to safeguard customer data?
FXGlory uses 256-bit SSL encryption to safeguard data transfer between customers’ devices and servers
Broker | Review | Regulators | Min Deposit | Website | |
---|---|---|---|---|---|
🥇 | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker | |
🥈 | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker | |
🥉 | Read Review | FCA, FSCA, FSC, CMA | USD 10 | Visit Broker | |
4 | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker | |
5 | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker | |
6 | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker | |
7 | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker | |
8 | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker | |
9 | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker | |
10 | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Conclusion
Overall FXGlory is a competitive forex and CFD trading platform offering various account types and features.
Furthermore, its commitment to instructional materials, diversified trading instruments, and user-friendly platforms like MetaTrader 4 and 5 enhances trading experiences for both new and experienced traders.
For more information on FXLeaders.
Yes, FXGlory provides deposit incentives.
Withdrawal processing timeframes at FXGlory vary based on the withdrawal type used, ranging from a few hours for e-wallets to several business days for bank wire transfers.
The minimum deposit at FXGlory varies by account type, with the Standard account needing as low as $1 to get started.
Yes, FXGlory supports cryptocurrency trading as well as crypto-based deposits and withdrawals.
FXGlory is considered a safe broker. However, while FXGlory advertises security features, including 256-bit SSL encryption and segregated customer assets, traders must consider the broker’s absence of governmental monitoring when assessing its safety.
FXGlory provides traders access to a wide range of financial assets, including forex currency pairs, cryptocurrencies, metals, and commodities, allowing for extensive portfolio diversification and trading flexibility.
Yes, FXGlory supports scalping. However, FXGlory has several limits on scalping tactics.
FXGlory is headquartered in Tbilisi, the capital of the Republic of Georgia, which is noted for its rising financial markets and expanding influence in the global trading environment.