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8 /10
Overall Rating

FXGlory Review

Founded in 2011, FxGlory offers trading currencies, metals, and oil founded in 2011, FxGlory offers trading currencies, metals, and oil. They have widely used the MetaTrader 4 platform which is available on desktop, web, and mobile. Behind the brand is FxGlory LTD, a company that is registered in St. Vincent and the Grenadines. By providing 1:3000 Leverage and accepting US clients, FxGlory stays in the upper hand amongst the rest of the brokers.

Overview

Company
8 /10
Trust
8 /10
Trading Platform
7 /10
Account Types
8/10
Cryptocurrency
8 /10
Costs
8/10
Customer Support
8/10
Regulation
7/10

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For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in the case of this FXGlory broker review. Please see the following article on how we conduct our broker reviews.

Company

8 /10

FxGlory brokerage presents the leverage of 1:3000 for the small amount of deposit. However, the company doesn’t charge clients for this service. The spread offered by the broker ranges from 2 to 10. Also, the trades of the clients are automatically connected to a bank. Some of the advantages are fast execution of the trades and the minimum spread on trades. Moreover, the company considers a huge budget for giving a bonus to those clients who deposit in their accounts. Another advantage of the company is having no minimum amount for depositing and withdrawing. This opportunity helps the client to test the services with even a small amount of money.

 Furthermore, the broker takes no taxes on the profit of its clients. Also, the company accepts most kinds of electronic money and got a special welcome from American clients. The bonus provides on depositing money will help the margin and therefore decrease the risk of trading for the clients. As per company reports, this bonus is provided from their gigantic and unlimited advertising budget.

The main advantage for the clients is low spreads and account management. The professional Fund managers manage the clients' funds having more than 100,000$ in their accounts.

PROS
Low spread and High leverage; 1:3000
50% Deposit bonus
Low minimum deposit
No commission fee
IFSA regulated
Fast and easy deposit/withdrawal
24/7 Customer Support
Swap-free (Islamic) accounts
Wide methods of deposit/withdrawal
Accepts US Clients
CONS
No choice of trading platforms
High Leverage
Bad Customer Support

Trust

8 /10

FXGlory provides its clients with easy access to a safe and rich trading environment. Its financial transparency gives the clients trust and confidence that the company is well-managed and well-organized.

Trading Platform

7 /10

FXGlory provided the most popular MT4 trading platform to its clients which is available on desktop, web, and mobile. The MetaTrader 4 terminal is a perfectly equipped traders workplace to trade in the financial markets (Forex and Futures). It is a professional Forex trading software which is preferred by both beginners and experienced traders. This gives traders access to advanced charts to make appropriate decisions and take the lead in the FX market. There are tools for analyzing the pricing dynamics of financial instruments and creating and using automated trading (Expert Advisors). It represents the all-in-one concept and is the most popular trading terminal in the world.

When the client registers with Fxglory they get access to the downloadable, web-based and mobile versions of the trading platform.

Webtrader is an online trading platform for trading directly through a browser without installing an application on your computer. Fxglory offers its clients web trader with a convenient, comfortable and powerful features that enable them to trade professionally.

Account Types

8 /10

FXGlory provides three different account types to their clients. The company allows its clients to open all of the below account types to enhance your trading experience and accordingly to maximize your profit.

Standard trading accounts

Before Fxglory introduces its various account types, all accounts were regarded as Standard. The main advantage of this type of account is its universality and fixed spread. While opening an account you can select your leverage and work with a deposit size convenient for you.

Premium trading accounts

The spread is fixed for this type of accounts. The clients need to make a deposit of 1000 USD to initiate their accounts. After their first deposit, the conditions of the Premium account will apply to the deposit conditions of the Standard account.

VIP trading accounts

Similar to Premium accounts.  The clients need to deposit 5000 USD in order to activate their VIP account. After their first deposit, the deposit conditions of the VIP account will the same as Standard account.

The advantages of this type of account are fixed and lower spreads, free VPS, bonus and many more other features.

FeaturesStandardPremiumVIP
COMPARE PLANS FEATURES
Minimum deposit1 USD1,000 USD5,000 USD
Minimum lot size0.010.10.1
Maximum lot size1101,000.00
Maximum position201001000
Step lot size0.010.10.1
Leverage up to1:30001.20001:300
Deposit bonus percentage50%50%40%
Maximum bonus500 USD1,000 USD2,000 USD
Margin call / Stop out60% / 30%50% / 30%30% / 10%
Spreadfrom 2 pipsfrom 2 pipsfrom 0.7 pip
Commission0 USD0 USD0 USD
Hedge Margin50%50%25%
Premium VPSNoNoYes

Cryptocurrency

7 /10

Cryptocurrency offering is available as one of the deposit and withdrawal methods.

Costs

8 /10

FXGlory’s trading conditions really seem good. The leverage levels provided are very high as compared to other forex brokers, reaching 1:3000. This will suffice the needs of almost all types of traders. Yet, it is important to note that the higher the leverage, the greater the risk of loss.

Besides, the cost of trading with this broker seems low. The initial deposit required is $1 for the standard account type. The benchmark EUR/USD spread is floating around 0.7 pips (no commission applies).

Conditions in detail:

  • Trading model: Hybrid Type (STP and market maker)
  • Decimal Pricing: Five digits
  • Scalping: No
  • Hedging: Yes
  • Minimum deposit: $1 USD
  • Type of execution: Market
  • Deposit & withdrawal methods: Bank Wire, Credit/Debit Card, PayPal, Skrill, Neteller, Cryptocurrencies(Bitcoin), Webmoney
  • Spread type: from 2 pips (for standard and premium account type) & 0.7 pip (for VIP account type)
  • Leverage: up to 1:3000
  • Expert advisor: Allowed and enabled
  • Account Currency Base: USD.

Customer Support

8 /10

As per the customer's feedback, FXGlory customer service is quite responsive. Representatives are available to help traders and investors via email, chat and local telephone numbers 24/7.

Regulation

7 /10

In 2011, Fxglory was established in the Department of Economic Development of the U.A.E. After one year of experience in Asia. FXGlory opened its new branches in some Europe countries. In order to expand the services, the firm decided to open new branches in other countries. Recently, the broker established a new office in Saint Vincent and the Grenadines with a registration number of 23463.

Conclusion

- /10

Over the years, FXGlory has continued to innovate to provide its clients with more satisfying Forex brokerage services. All of which has certainly gone a long way to backing up its reliability. As a well-established online forex broker, you can trade with complete peace of mind knowing that your funds are safe. In conclusion, by not requiring a minimum deposit, FXGlory has made it very easy for customers to open a trading account.

 The company provides Forex, Metals (Gold, silver, platinum, and palladium ) and oil trading options to its clients. We, at AtoZ Markets which provide totally unbiased reviews of the forex broker. By doing deep research for the forex broker, we have learned that FXGlory is a reliable forex broker. However, based on your requirements you should analyze the pros and cons, costs, customer support, etc before opening an account with FXGlory.

Reviewed By

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