Founded in 2011, FxGlory offers trading currencies, metals, and oil on the widely used MetaTrader 4 platform which is available in 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.
Based on our readers-first policy, putting their safety as a priority in our business line, we, as AtoZ Markets, scrutinize not only the broad headline with which a brokerage platform identifies itself, but even the smallest details about it. This comes from our belief in values in the first place, and the must-have truth and transparency in what we publish on our website, en route of keeping the trust our readers put in us, which of course has contributed much to our name and stands behind its continuous ascendance. For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation, when it comes to presenting our audience with an overview about a brokerage firm. In this review, we host FXGlory.
FxGlory brokerage is the only brokerage in the world which presents the leverage of 1:3000 for the small amount of deposit. Though, 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 that the company 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 managing by professional money managers for those clients who deposit more than 100,000$ in their account.
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 that allows 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. The platform gives traders access to advanced charts in order to make appropriate decisions and take the lead in the FX market. It provides the necessary tools and resources to analyze price dynamics of financial instruments, make the trade transactions, create and use automated trading programs (Expert Advisors). It represents the all-in-one concept and is the most popular trading terminal in the world.
As per their official website, 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 trading environment and powerful features that enable them to trade professionally.
Premium trading accounts
VIP trading accounts
|COMPARE PLANS FEATURES|
|Minimum deposit||1 USD||1,000 USD||5,000 USD|
|Minimum lot size||0.01||0.1||0.1|
|Maximum lot size||1||10||1,000.00|
|Step lot size||0.01||0.1||0.1|
|Leverage up to||1:3000||1.2000||1:300|
|Deposit bonus percentage||50%||50%||40%|
|Maximum bonus||500 USD||1,000 USD||2,000 USD|
|Margin call / Stop out||60% / 30%||50% / 30%||30% / 10%|
|Spread||from 2 pips||from 2 pips||from 0.7 pip|
|Commission||0 USD||0 USD||0 USD|
Cryptocurrency offering is available as one of the deposit and withdrawal methods.
FXGlory’s trading conditions really seem good. The leverage levels provided are very high as compared to other forex brokers, reaching 1:3000, which 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 standard account type, and 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.
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.
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.
Over the years, FXGlory has continued to innovate to provide their 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, with all the necessary licenses and regulations by reputable authorities, you can trade with complete peace of mind knowing that your funds are safe. In conclusion, by not requiring a minimum deposit on their standard account, FXGlory has made it very easy for customers to open a trading account with them.
The company provides Forex, Metals (Gold, silver, platinum, and palladium constitute the majority of trading in precious metals) 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 and choice you should figure out by looking at the pros and cons, costs, customer support, etc before opening an account with FXGlory.