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FxGlory Review, Rating and Comparison

FxGlory Review, Rating and Comparison

RATING: 3 / 24 REVIEWS FxGlory
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Trading Accounts and Conditions

 

Account type Minimum deposit  Minimum trade size Maximum leverage Spread                                       
Standard $1 0.01 1:3000 2 pips, fixed
Premium $1 000 0.1 1:2000 2 pips, fixed
VIP $5 000 0.1 1:300 from 0.7 pips

 

FxGlory offers 3 forex trading account types, depending on the initial deposit amount. Standard & Premium account types provide the same fixed spreads, and high leverage levels. Micro lots are available solely on standard accounts.

 

All accounts are swap-free and Sharia-compliant.

 

Now, overall the offerings of FxGlory seem reasonable, except for the extremely high leverage offered – up to 1:3000. Such leverage levels expose traders to great risks. Otherwise, a fixed spread of 2 pips for the EUR/USD pair is standard for the industry. Variable spreads are also available with this broker, however one has to deposit 5 thousand bucks, which according to us, is not the wisest thing to do, as FxGlory is not a regulated broker.

 

The Company. Security of Funds

 

Company

Country

Regulation

FxGloy LTD.

SVG, Georgia

N/A

 

Founded in 2011, FxGlory offers trading forex and some CFDs on  the widely used MetaTrader 4 platform and also offered a proprietary binary options platform Fxglory Option (no longer available). Behind the brand is FxGlory LTD, a company that used to operate out of the UAE and now has branches registered in Georgia and in ST. Vincent and the Grenadines (SVG).

 

None of this branches is regulated and there is no authority overseeing the activities of this broker.

 

That is why we generally advise traders to avoid offshore (and/or unregulated) companies and to invest with brokers regulated by reliable authorities such as UK’s FCA, or Australia’s ASIC.  

 

Although FxGlory has been around for more than 5 years and its offerings seem decent, we recommend a high level of caution dealing with this company. There is a guilty verdict at the Forex Peace Army’s Traders Court and furthermore, Italian regulator CONSOB has recently issued a warning against binary options broker FxGlory.

 

Trading Platform

 

FxGlory supports the most popular platforms among traders - MetaTrader 4 (MT4), available as PC, web and mobile versions.

 

MT4 is a professional Forex trading software which is preferred by both beginners and experienced traders. It is equipped with advanced charts and technical analysis indicators so that traders can make appropriate decisions and take the lead in the Forex market. The platform also offers a wide range of Expert Advisors (EA), allowing clients to fully automate their trades. In this regard, the broker also provides the use of VPS services to clients with deposits of at least $1000.

 

Here you may look up more forex brokers offering MT4 platform.

 

Promotions

FxGlory offers 50% on-deposit bonus on each deposit up to $1000. A client must trade in specified number of trades and specified intervals for withdrawing.

 

Methods of Payment

 

FxGlory offers its clients the following payment modes: credit/debit card, bank wire transfer, and popular e-wallets Skrill, Neteller, WebMoney, Payza, OKPAY and PayPal.

 

Keep in mind that withdrawal fees apply.

 

Conclusion

 

FxGlory is a non-regulated MT4 broker that has been operating on the FX scene for more than 5 years. It offers reasonable trading conditions, yet it looks like it utilizes a Market Maker model (fixed spreads and bonuses subject to trading volume conditions). Here are, in a nutshell, the pros and cons of FxGlory:

 

Pros  Cons
Low initial deposit   Not regulated
Commission-free trading Market Maker model
No-deposit bonus available                      Dangerously high leverage levels offered
MT4 available No choice of trading platforms

 

Latest news about FxGlory
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Traders` reviews for FxGlory

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

I Make Regular Withdrawal Of My Profits From FxGlory Monthly

I have been with FxGlory since 2014.And I usually withdraw 50% of my profit every month continually. I get my withdrawal payments to either my paypal or neteller in about 24hours of request.Between 2014 till date, I have been able to grow my account from three-figure equity to six-figure.One thing that I know very well is that FxGlory prohibits extreme scalping.That is a non-issue to me since I am a long-term trader.

Bosun 12/15/2016

FxGlroy remains my best broker since 2014

I started trading with FxGlory since 2014.I am pleased and satisfied that I chose this broker. I was using two brokers before and I had a terrible experience with them. It was in 2014 that a friend of mine told me about FxGlory. Initially I was skeptical but I just tried them with little funds and was delighted with the way they worked and offered their services. Their customer support is the best.Three things that I enjoy here are; fast processing of my withdrawals, fast execution of my trades and rapid response customer support team.I eventually made large deposits and sice then, I have been enjoying their services.

Bosun 12/08/2016

happy with fxglory

I am happy that I chose fzglory. I had a bad experience with other brokers and I did not want to trade in forex any more. it seemed to me all brokers were scams. But then a frined of mine told me about fxglory. I can always withdraw my profit.

Antonio 03/15/2016

Ivani

I very like their platform, site and trading rules.
I make deposit $70 and my first day profit was $52! Super.
Best wishes and bye for now. (sorry about my bad english ;)

Ivani 03/10/2016

fxglory

Hi everyone! I have several forex real accounts with fxglory and binary option accounts. I am pleased and satisfied that I chose them. I started trading with another broker and had a bitter experience then a friend of mine told me about fxglory but i did not believe him. I decided to try with them and was delighted from the begining with the way they worked and offered their services. Their supported is the best trained and informed support ever!

victor 02/25/2016

Fxglory

Hello. I'm using fxglory's service for a while now. I was glad to find out they accept US traders.
Started with demo account and in less than a week opened real one.

Erick Scott 12/24/2015

Bonus

With the leverage like this I can gain profit in a blink of an eye. Minimum deposit is a dollar which awesome, good for the beginners so to know how real trading feels like. Their payout could be faster but at least I'm ensured that I will get paid out, so waiting a little bit for me is not a big deal.

Bradley Smith 12/17/2015

fxglory

Hi fellas ... 'am new at Fxglory, not more than 2 months, and 'am so happy they accept Us traders, They have dozens of different and good promotions and conditions, with their huge leverage I can buy as much lots as I like, that's awesome.

Jeremy 12/16/2015

forex glory

I was referred by a couple of friends actually to this company. Did not expect much to be honest. I mean, the layout of their site and everything is pretty decent but as so many people talked about them around me, i thought i would give them a go. So as I created an account on the web site in a couple of hours some of their support called me and told me that he was my personal supporter. No additional costs were payed for that so it was really nice. As I'm new it can turn out really helpful. Will update you all how well it will go in the future, but for now no complaints so far.

Poppy McLerie 12/09/2015

High Leverage

I have tried trading with FxGlory and they offer the highest leverage in the market as this may prove risky as well as beneficial to the traders depending on their trading strategies.


Sarah Lee

Singapore, Singapore

Sarah Lee 11/10/2015

Good broker

Hi, I am Hisham , I trading with fxglory for few months now, I believe that the rules, terms and conditions is clear, so I never have problem, I like to work with them. There are fast execution, deposit also is fast but when I withdraw with card I receive my fund after 4 days and I wish they could make it faster. Any way I receive the fund earlier than the time they emailed me. Thank you fxglory 

Hisham 10/09/2015

Great Bonus and Fast deposit and withdraw

Am trading with fxglory for about 10 months,using them bonus,it helped me for trading and they have fast deposit and withdraw,I could deposit with Credit card each time and withdraw to my card.

Omar 10/07/2015

fxglory

Hi to everyone! I am from the USA! I started trading with this company 2 years ago. They did not have 24 h support before and I could not be in touch with them. But I did not leave them as I liked their conditions of trading especially paypal option. Now I am so happy that they work 24 h a day. They can answer all my questions any time I wish. Awesome!!!!!!!

Andrew 03/25/2015

Most that i like is that minimum deposit is 1$ and was good for me because i could test them with little amount and then invest hug amount at first , so I could see how their high leverage work with this little amount, liked it.

Christian Krause 03/13/2015

US clients

I am from US and I am happy that they accept US clients! Nice support! Good job guys!

Jim Mcmilan 03/12/2015

I like witht his broker not only their offers and promotions, also their atittude being friendly and helpful for all clients. this is not easy believe me, but they are doing it

Bastien 03/10/2015

Hello

think they are good in execution but once i was waiting for withdraw more than one day, but it was once now it is good and im glad.

Ahmad 03/09/2015

This broker has the best bonus offers ever. after i registereds there, their support called me and besides 50 % bonus for my each deposit, they gave me good bonus for the first one too.

Lai 03/05/2015

withdraw

I have just good experince with fxglory. I could make profit in 1 h. and then withdrow in 2 h. this company is best of all companys.

Nicolas Batista 03/05/2015

I joined last month. Till date I have no problem. (=

Michael Zimjanski 02/27/2015

hi

I like you guys are sharing your experience. That's great to hear everything from traders. here is my opinion. nowdays fxglory is maybe the best broker i worked with. I was happy they offered me 50% bonus. But the best thing is instant execution and i can withdraw my money whenever I want and as much as I want, wiothout stupid restrictions.

Tom perry 02/26/2015

fxglory broker

Hi guys! I get 50% bonus on each deposit in fxglory. That is incredible!

Jean 02/26/2015

Fxglory

hello, I requested for the withdraw and it took less than 1.5 hours also, i understood that the spread of the pair i am trading does not change, for me this is the most important thing in trading.

Wasim saqlain 02/26/2015

fxglory

I'm more than setisfied with trading with this broker. the first reason is their fix spread. they have several instant deposit methods and i like fast withdrawal there. also, they offer free vps antime. anywhere, this is great.

Orson 02/25/2015
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