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FXGlory Review

Edited by: Louis Schoeman

FxGlory Review

 

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:

  1. ☑️Overview
  2. ☑️At a Glance
  3. ☑️FXGlory Account Types
  4. ☑️How To Open an FXGlory Account
  5. ☑️FXGlory Deposit & Withdrawal Options
  6. ☑️Trading Instruments & Products
  7. ☑️FXGlory Trading Platforms and Software
  8. ☑️FXGlory Spreads and Fees
  9. ☑️Leverage and Margin
  10. ☑️Educational Resources
  11. ☑️FXGlory Pros & Cons
  12. ☑️Security Measures
  13. ☑️Conclusion

 

Overview

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 get help whenever needed.

 

At a Glance

🗓 Established Year2011
⚖️ Regulation and LicensesNone
🪪 Ease of Use Rating4/5
📞 Support Hours24/7
💻 Trading PlatformsMetaTrader 4, FXGlory Web, MetaTrader 5 (no information)
🛍 Account TypesStandard, Premium, VIP
🤝 Base CurrenciesUSD
📊 SpreadsFrom 0.7 pips
📈 LeverageUp to 1:3000
💸 Currency Pairs28; major, minor, and exotic pairs
💳 Minimum Deposit1 USD (Standard, MetaTrader 4)
🚫 Inactivity FeeYes, the account is also disabled after 6 months of inactivity
🗣 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.7 pips, zero commission fees
✅ Affiliate ProgramYes
🏦 Banned CountriesNorth Korea, Italy, Iran, Bulgaria, United States, Russia, United Kingdom, China, Canada, Japan, Australia, EU, Syria, Sudan, Cuba, and other sanction regions
✔️ ScalpingYes, but limits exist
📉 HedgingYes, but limits exist
🎉 Trading InstrumentsForex, cryptocurrencies, metals, commodities
🎖 Open an AccountOpen Account

 

FXGlory Account Types 

FXGlory Account Types

 

StandardPremiumVIP
✅ AvailabilityAll; ideal for beginnersAll; ideal for casual tradersAll; ideal for scalpers, day traders, and professionals
🛍 MarketsAllAllAll
💸 CommissionsNone; only the spread is chargedNone; only the spread is chargedNone; only the spread is charged
💻 PlatformsAllAllAll
📊 Trade SizeFrom 0.01 – 1 lotsFrom 0.01 – 10 lotsFrom 0.01 – 100 lots
📈 Leverage1:30001:20001:400
💰 Minimum Deposit1 USD1,000 USD5,000 USD
🎖 Open an AccountOpen AccountOpen AccountOpen 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. 

How To Open a FXGlory Account Step 1

 

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.  

How To Open a FXGlory Account Step 2

 

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 TransferAllMulti-currency1 – 7 days
Credit/Debit CardAllMulti-currency1 – 7 days
PayPalAllMulti-currency1 – 72 hours
NetellerAllMulti-currency1 – 24 hours
PayzaAllMulti-currency1 – 24 hours
SkrillAllMulti-currency1 – 24 hours
OKPAYAllMulti-currency1 – 24 hours
WebMoneyAllMulti-currency1 – 24 hours
SticpayAllMulti-currency1 – 24 hours
Perfect MoneyAllMulti-currency1 – 24 hours
CryptocurrenciesAllMulti-currency1 – 24 hours

 

Deposits

How to Deposit using Bank Wire Step by Step

✅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. 

 

How to Deposit using Credit or Debit Card Step by Step

✅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. 

 

How to Deposit using Cryptocurrency Wallets Step by Step

✅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. 

 

How to Deposit using e-Wallets or Payment Gateways Step by Step

✅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. 

 

Withdrawals

How to Withdraw using Bank Wire Step by Step

✅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. 

 

How to Withdraw using Credit or Debit Cards Step by Step

✅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. 

 

How to Withdraw using Cryptocurrency Wallets Step by Step

✅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. 

 

How to Withdraw using e-Wallets or Payment Gateways Step by Step

✅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, concentrating 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 

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 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 structuresUser 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 cryptocurrenciesFXGlory operates without regulation
FXGlory’s Negative Balance Protection could assist traders avoid losing more than they have investedFXGlory'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 tradersSome traders have experienced receiving requotes
Supporting MetaTrader 4 and 5 gives traders more options and access to familiar, sophisticated platformsAccessing 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.
 

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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.

Faq

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. 

Depending on the account type, FXGlory provides high-leverage choices of up to 1:3000. 

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. 

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