Fxglory review

The pages and official sources of the international regulators’ list alert shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally.

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Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more. Beware fxglory is a non-regulated broker. It is NOT SAFE to trade.

Fxglory review

Fxglory

Reason to avoid: offshore license

Listed date: september 13, 2018

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Beware fxglory is a non-regulated broker. It is NOT SAFE to trade.

What is fxglory?

Fxglory, as stated on the website, was firstly established in the department of economic development of the UAE while after the year of operation in asia region opened new branches in europe countries. Fxglory has branches in malaysia, cyprus, united kingdom, and spain. However, none of the branches are regulated or registered with any authority that oversees the forex or financial investment services companies. Therefore, there is no strict implementation of the rules that are typically deployed by the reputable organizations in a purpose to protect customers and their investments.

About fxglory

��️ registered in	st. Vincent and the grenadines
��️ type of license	offshore license
��️ is fxglory safe to trade	no
��️ recommended licenses	FCA in UK �� & ASIC in australia ��
�� alternative broker	GO markets - licensed by ASIC in australia

Licenses and regulation

Is fxglory regulated?

Fxglory is owned by fxglory ltd., which is an offshore company registered in st. Vincent and the grenadines.

St. Vincent and the grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as AZ trades, traderur and more. You can read our detailed article about the risk of trading with brokers from st. Vincent and the grenadines.

Is fxglory a scam?

Overall, the broker offers reasonable and competitive trading conditions on the range of trading instruments, yet with an extreme level of leverage up to 1:3000 and binary options that are also very controversial. That level of leverage is considered to be a very risky one, since the capital is traded at significant risk while the opportunities and losses are multiplied timely.

Apart from the numerous negative reviews and complaints from the traders which had an experience with fxglory, the company was detected for scam operations that obviously showed cases with withdrawal delays, or ignorance of the clients, as well as the market price violations. In addition, italian regulator CONSOB (italian companies and exchange commission) issued a warning against the fxglory, informing investors that the firm is not authorised to provide its investment services or activities in italy.

The pages and official sources of the international regulators’ list alert shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more.

Fxglory in india

Fxglory accepts traders from australia, thailand, canada, united states, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use fxglory from georgia, bangladesh, korea, syria, sudan, iran, nigeria.

Deposit & withdrawal

The minimum deposit is quite accessible for the traders, because it is only $1. Fxglory offers many different payment methods including all major credit cards (including visa and mastercard), cryptocurrency, and e-wallets including neteller and skrill. Bank wire transfer is also available and usually processed within 7 business days.

The minimum withdrawal is $10. However, note that the minimum amount of withdrawal via all e-wallet methods (paypal, skrill, …) and credit/debit card is 50$ for clients whose balance is more than 50$ and for those whose balance is less than 50$ is as much as their balance.

Fxglory offers a mobile trading app for traders convenience. Mobile trading allows traders to manage their accounts from portable devices like smartphones, pocket and tablet pcs. In metatrader 4, mobile trading offers a great variety of analytical options and graphical display of quotes in addition to complete trade account management. Using mobile terminals in daily activities offers a convenient way to keep up with accounts when traders don’t have access to a desktop computer. Fxglory mobile app is compatible with all android and ios devices.

Demo account

Fxglory offers traders the opportunity to practice strategies and become familiar with the platform with their demo account option. By opening a demo account, traders are able to improve their trading skills and learn everything about the basics of forex trading, rules and conditions, and movements and crises of the forex market. Fxglory demo account demonstrates the real trading environment as similar as possible. A demo account expires after 60 days since its registration if it’s not active and isn’t used.

Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in australia and reliable brokers such as avatrade and XM.Com .

You can also share your trading experience with fxglory by commenting on this review.

Fxglory review

Overview

The broker has been operating in the financial market since 2011 providing traders around the world with a full range of services for quality trading.

Details

broker	fxglory
website URL	fxglory.Com
founded	2011
headquarters	AXIS building 8, alexander kazbegi 24, saburtalo, tbilisi, georgia
support number	+(44) 744-190-6300, +(995) 322-473-800 (georgia, tbilisi)
support types	chat, phone, email
languages	english
trading platform	metatrader 4, fxglory webtrader
minimum 1st deposit	1$
minimum trade amount	0,1$
bonus	bonus up to 50%
leverage	1:3000
spread	from 0.7 points
free demo account	open demo
account types	demo, standard, premium, VIP
deposit methods	bank transfers, credit and debit bank cards visa/master card, OKPAY, payza, webmoney, neteller, paypal, wire transfer, skrill
withdrawal methods	bank transfers, credit and debit bank cards visa/master card, OKPAY, payza, webmoney, neteller, paypal, wire transfer, skrill
number of assets	50+
types of assets	forex, CFD, precious metals, binary options
account currency	USD
US traders allowed
mobile trading
tablet trading
overall score	3/10

Full review

And yet, is fxglory a scam or a decent company where you can work steadily? We will answer this question in a detailed broker`s review.

Terms of trade with fxglory

Fxglory refers to the company glory way general trading LLC, where work the traders who have achieved success in trading in the financial markets. The broker started its business with the united arab emirates, but now its main office is located in tbilisi (georgia). Despite the fact that the company is very young, it has a number of advantages, among which one of the main is the simplicity and convenience of the forex trading process: a reliable platform, a variety of tools and accounts, effective mechanisms for asset protection and risk management are waiting for a trader.

Another factor in the success of fxglory is the provision of quality service. It offers metatrader 4 terminal for trading (for web and mobile trading (iphone, android, windows phone) is the standard of stable trade, fully compliant with modern trends of trading. The advantages of one of the most popular platforms are security, maximum capabilities, and convenient intuitive interface for traders of any level of training, trading advisors, signals, testing strategies and trading systems thanks to a large number of tools. Functional mobile platform allows you to work from anywhere in the world and makes trading the most comfortable thing.

The broker offers a high-quality training for new traders (courses, training materials on the website), work on a demo account. You can also use free access to the virtual VPS server, which will protect trading from technical failures, make it comfortable and allow you to test strategies easily and create your own trading systems. Any trader has access to high-quality technical support in 24/5 mode, round-the-clock qualified assistance of professional managers, which acts as a guarantee of prompt provision of information for successful work in the financial markets.

For convenience are published analytical data (in english), current news on the website that will allow you to understand the situation fully and earn funds. Traders from different countries also have access to the «knowledge base» (the basics of working on metatrader 4 terminal, books, etc.).

Deposit and withdrawal

Fxglory offers a variety of deposit and withdrawal options. The clarity of these operations is the business card of the young forex broker. To make a deposit you need to register, make an amount by choosing a convenient way to transfer funds (minimum deposit – $1). To deposit funds you can use the extended list of modern payment systems – from the usual bankcards to e-wallets:

Bank transfers (up to 3 banking days),

Credit and debit cards visa, mastercard (up to 3 banking days),

Electronic payment systems: OKPAY, payza, webmoney, neteller, paypal, wire transfer, skrill (1 banking day).

You can open an account only in one currency: USA dollars. Money is available for trading immediately after payment. Withdrawal of funds is possible only for authorized and verified traders and only in the way that the deposit was made.

Complaints against fxglory

Despite the fact that fxglory is still a very young broker, the reviews about it are already widely presented in the network and they are diverse. On the one hand, traders praise the company for stability, good trading conditions (minimum deposit, fast execution, low fixed spreads, no commissions on deposit, payments occur on time), a large selection of ways to deposit and withdraw funds, high-quality technical support, comfortable trading options and forex, simple and clear website (despite the fact that it is in english, everything is simple and clear), for the fact that scalping is allowed, high-quality analytical reviews and news areprovided.

There are enough of negative points, which often relate to a long procedure of verification, long waiting of answers from support service or even absence of communication with managers, problems with withdrawals (delaying the process of withdrawal, denial of withdrawal without explanation), problems with the operation of the terminal (requotes, hang-up, gapping), with the website. It is worth noting the fact that the forums do not have a broker representative who would help to understandthe problems, emerging by traders.

If we find complaints about fxglory, we will post it on social media. Follow us to be well informed:

Is fxglory a scam?

Despite the fact that fxglory is a very young broker on forex market, it has still to show its advantages and opportunities (truth about forex). The company employed real professionals who know how to make trading comfortable: favorable trading conditions, quality service, feedback, etc. There is already a variety of references about the company in internet, which largely demonstrates the interest of the broker, the profitability of trading conditions (minimum entry threshold (from $1), ability to trade advisors, low spreads).

There is no representative of the company on the forums to minimize the negative, but the company is still going to work closely with the user. An important factor of positive image is the provision of a reliable trading platform metatrader 4, which has already gained the trust of traders around the world. Significant advantages of the company are the bonuses, round-the-clock feedback (different ways of communication), training and analytical materials. These options have been positively noted by users and in many ways demonstrate thoughtful policy of user management.

Although the company’s managers confidently state that certification is an issue that will be resolved in the near future, now traders have to trade at their own risk, it definitely prevents them from trusting the company. Should we consider fxglory as a scam lottery or a fraudster? At this stage of the company’s development, it seems too early to make final conclusions about it, but you can protect yourself by working correctly with your personal manager.

Fxglory broker regulator

Fxglory has registered offices in the states of saint vincent and the grenadines (reg.Number 23463), as well as in georgia (reg.Number 404953038). At the same time, the company does not have licenses to operate, however, according to the manager of the company the broker plans to obtain them in the near future.

Bonuses in fxglory

Every trader of the company can get a 50% bonus.

The bonus will increase the amount of funds in the account and expand the capabilities of the trader. To get it you need to open a real account with a broker (standard or premium) and deposit funds (up to $1000). Bonus funds are automatically credited to the deposit. For more information about the bonus conditions, please contact your personal manager.

Summary

Despite of the fact that the trading forex broker fxglory is a young company, today it works successfully with traders around the world, provides quality service and one of the most favorable trading conditions. It can be noted quite confidently that the company has a great chance of getting high ratings among competitors, but for this the broker will have to modify the service (actively work on forums with customer reviews and eliminate problems that arise in the process of trading, etc.).

Advanced trading, daily analysis, best stocks are positive broker indicators and demonstrate a correctly chosen niche development. The fact that it has a positive feedback about the trading terminal, analytics, training materials, support services says much about its correct way of development. The broker has a sufficient number of negative reviews, which lead to the conclusion that the user needs to study carefully the conditions of work with the company. In addition, the company does not currently have a license, so it complicates the trust relationship between company and client.

We hope that the broker intends to work with negative reviews, make the service more comfortable and develop further. Now we rightly note that fxglory has not yet managed to show itself fully, to evaluate it as a reliable or scam company is too early. And yet the references we expect from traders may not only affect the broker’s ratings, but also caution investors against problems.

Fxglory review and tutorial 2021

Fxglory offers leveraged trading in forex and commodities through the MT4 desktop and mobile platform.

Trade forex pairs with up to 1:3000 leverage.

Trade leading cryptocurrencies, including bitcoin.

Fxglory is an offshore broker providing clients with trading in forex and commodities. This review will look at the services on offer, from deposit and withdrawal methods to account types and bonuses. We’ll also investigate whether fxglory.Com is a legitimate online broker. So get the facts before you open an account and head to the login page.

Fxglory company details

Founded in 2011, fxglory group ltd is headquartered in dubai and has offices in several locations, including malaysia, cyprus, spain and the UK. The broker also recently opened an office in saint vincent and the grenadines. Unfortunately fxglory isn’t licensed with a well-respected regulatory body which does raise some safety concerns.

The company was formed by a team of financial specialists, aiming to provide a superior online trading experience with high leverage, zero commissions and rapid executions through the metatrader 4 trading platform.

Metatrader 4 platform

Fxglory offers the metatrader 4 (MT4) platform and a webtrader alternative. MT4 is well-regarded for its ease of use, advanced features and customisation options. Its simplicity is great for novice traders while its advanced functionality ensures that it also caters for more experienced trading professionals.

Platform features include:

Nine timeframes

Three charting options

Risk management tools

Instant & pending order types

Dozens of technical indicators

Market for custom additional indicators

fxglory MT4 platform

Webtrader

Fxglory also offers a web-based trading platform. With no need for lengthy downloads or the installation of software, webtrader allows you to trade directly through an internet browser. It’s suitable for a range of devices including mac and PC. The platform retains nearly all of the features of the downloadable platform, including one-click trading, a built-in news feed and multilingual support.

Markets

Fxglory users have access to a handful of tradeable instruments. Trade 34 major, minor and exotic forex pairs such as the GBP/USD and EUR/USD. Popular cryptocurrency brands are also available including bitcoin and ethereum, as well as oil and precious metals.

In 2018, the broker stopped offering binary options trading. There are also no stocks or indices available to trade. So if you look at fxglory vs the likes of FBS, tradersway or hotforex, the broker does fall short.

Unfortunately this review was disappointed with the trading fees charged. Fixed spreads are available across all account types, but they are high compared to other brokers. With the standard account, spreads start from 2 pips on major forex pairs. For CIP account holders, spreads start at 0.1 pips. On a more positive note, fixed spreads make it easier to budget for expected fees and no commissions are charged.

There is little information regarding any additional fees, so to avoid unexpected charges, clients should check terms and conditions when signing up.

Leverage

Leverage offered by fxglory varies depending on the account type:

Standard – 1:3000

Premium – 1:2000

VIP – 1:300

CIP – 1:50

Fxglory was among the first retail brokers to offer such high leverage rates. But while 1:3000 leverage may appear tempting, it does significantly increase the risk of losses.

Note a margin calculator is available at fxglory.Com.

Mobile app

Fxglory offers a mobile app that enables clients to manage accounts on-the-go. The MT4 platform is available for download on ios and android devices and supports all forms of trade orders and execution modes. Just like the desktop-based version, the interface is easy to navigate and the login process is quick and simple.

Fxglory mobile trading

Payment methods

Fxglory offers a variety of flexible deposit and withdrawal options:

Cryptocurrency – bitcoin, litecoin, ethereum

Credit & debit cards – visa, mastercard

Ewallets – skrill, neteller

Bank wire transfer

Paypal

Most deposits are processed the same day, but wire transfers can take up to seven days. The minimum deposit is low at $1, making it an accessible choice for new traders.

To make a withdrawal from fxlgory, login through the client cabinet tab and fill in the withdrawal request form. Withdrawals generally receive positive reviews, with few reporting problems.

Demo account

To open an fxglory demo account, download the MT4 platform and register your details. You can then enjoy risk-free trading with fast executions while testing the MT4 platform, a new strategy and the broker’s services.

Note that there is a reduced list of currency pairs available with the demo account.

Bonuses & coupon codes

At the time of writing, fxglory offers clients a 50% deposit bonus. The offer is available to real-money traders only and the bonus cannot exceed $1000. Simply check the bonus box when you open an account and the bonus will automatically be credited when you make a deposit.

The deposit bonus can only be redeemed once. For full bonus terms and conditions, head to the promotion tab of the fxglory website.

Licensing

Fxglory is registered offshore in saint vincent and the grenadines with registration number 23463. It does not hold a license from a respected regulatory body, such as the FCA or cysec. This is a concern as we cannot guarantee the safety of client funds and limited legal channels will be available should you experience withdrawal issues or scam problems.

Additional features

Fxglory provides a range of additional features to assist clients with making informed trading decisions. Tools include:

Knowledge base with articles and educational content, though primarily aimed at more experienced traders

Forex news and market analysis

Glossary of trading terms

Margin calculator

FAQ help portal

Account types

Fxglory offers four account types: standard, premium, VIP and CIP.

Minimum deposits range from $1 to $50,000. All accounts offer instant executions, zero conditions and swap-free trading conditions.

The standard account is best suited to novice traders with a maximum position of 1 lot, leverage up to 1:3000 and a $1 minimum deposit. The premium and VIP accounts are targeted at more experienced traders with higher minimum deposits, more competitive spreads, plus a free VPS. The CIP account comes with a hefty minimum deposit of $50,000, a minimum trade size of 1 lot and zero bonuses, but it does offer the most competitive spreads.

To open a live account, clients need to sign up at fxglory.Com. Once registered, head to the login page in the client cabinet tab.

Benefits

This review found fxglory performs well in certain areas:

Micro-lot trading

Automated trading

$1 minimum deposit

US clients are accepted

Swap-free trading conditions

Drawbacks

Downsides to trading with fxglory include:

Not regulated

No MT5 platform

No trading signals

Limited product range

No scalping trading rules

Basic educational resources

Trading hours

The fxglory platform is open 24/7 but trading in some markets is restricted to specified hours. The forex market opens on sunday at 5 pm EST and closes on friday at 5 pm EST. More information on specific trading hours is available on the trading account conditions page on the broker’s website.

Customer support

Customer support is available 24/5 at fxglory and can be accessed via:

Phone – +(44) 322 473 800

Email – info@fxglory.Com

There is also a live chat function available from the chat logo in the bottom right of the website. Reviews of customer support are good, with staff quick to respond to real server and platform queries.

Safety

Fxglory uses 256-bit SSL encryption technology on its website and platform to protect client data. Also, the company holds funds in segregated accounts and clients have access to multiple risk management tools.

Fxglory verdict

Whilst fxglory does offer a MT4 platform download, low minimum deposits plus bonuses, it does also have a number of drawbacks. Firstly, the fixed spreads are relatively high and the number of tradable products limited. Also, their offshore status and lacking educational resources means the broker wouldn’t be our first choice.

Accepted countries

Traders can not use fxglory from georgia, bangladesh, korea, syria, sudan, iran, nigeria.

Where is fxglory regulated?

Fxglory is an offshore broker registered in saint vincent and the grenadines. As a result, the company doesn’t have to adhere to the same quality and security standards as cysec-regulated brokers, for example.

Is fxglory a legitimate broker?

Fxglory is a legitimate broker but due to its unregulated status, we would recommend caution before registering for an account. See alternative providers here.

What are the trading rules at fxglory?

Clients are not able to use scalping strategies, news trader or arbitrage eas at fxglory. Also, scalping is not allowed.

Is fxglory a good broker?

Fxglory offers the popular MT4 trading platform, flexible account options and a competitive trading environment. On the downside, fees are high, the product list is limited and the broker is unregulated.

Is fxglory a scam?

Despite its offshore status, fxglory is not a scam. It is a legitimate broker offering trading in forex and commodities, just with limited regulatory oversight.

Is fxglory safe to trade with?

Fxglory is an established online trading broker. However, there are some complaints in online reviews around withdrawal problems, so we would recommend caution.

Fxglory.Com review

Fxglory is a forex broker. Fx glory offers the MT4 and webtrader forex trading top platform. Fxglory.Com offers over 35 forex currency pairs, gold, silver, other metals and oil for your personal investment and trading options.

November 2015-may 2016: large numbers of fake and highly suspicious positive reviews submitted. The FPA considers this another reason to use a high level of caution dealing with fxglory.

March 2014: there is an FPA traders court GUILTY verdict against fxglory. The FPA recommends a high level of caution dealing with this company if the issue cannot be resolved.

Broker details

deposit methods:

bank wire, VISA, mastercard, american express, bitcoin, epay (epay.Com), ether/ethereum, litecoin, neteller, paypal, payza, perfectmoney, ripple, skrill, sticpay, webmoney

withdrawal methods:

bank wire, VISA, mastercard, american express, bitcoin, epay (epay.Com), ether/ethereum, litecoin, neteller, paypal, payza, perfectmoney, ripple, skrill, sticpay, webmoney

Live discussion

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Traders reviews

Length of use: over 1 year

PLEASE do not post bad reviews because you didn't follow or know your client agreement. This doesn't help anyone.

If you open and close any trade within 7 minutes, they will NOT let you keep your profit. However, if you lose, they will keep your loss.

This broker has some really, really tough to follow rules and they suck for day traders. Use another broker if you can't hang. If you are a position trader, they seem to be pretty darn good.

If you want deposit everything is ok, it's really fast. But if you want to withdraw, then it all starts! You have to verify your account (strange you don't need to verify it when depositing). To verify my address, I sent them:
- the backside of my government-issued ID with address - rejected
- utility bill for electricity - rejected
- bank statement for last month - rejected

It's all clear now: they do NOT want you to withdraw and they do EVERYTHING to keep your money!

I opened up several GPBUSD sell orders between april and may last year 2018. The trades are still running and the account is 174,000$ in total profit @ 1.2675 (gbpusd)

I closed one of the trades 31st of april 2019. And made a withdrawal. A week later that withdrawal is still pending. And my account was disabled. Furthermore I’ve received some weird and disturbing communication from people that say they are representing fxglory accounting department. No title, position, real phone number or full name listed in the communications.

The disturbing communication I received from andrew in accounting :
" fxglory received an alert from one of the providers which indicate your request for closing a trade refers to a trade which does not exist with them. We had to obey the provider's procedure in this case and disabling account in order to have a detailed investigation on it. I am waiting for the provider's detailed report and then I will bring my investigation and provider's as well to board meeting and I will inform you about any step in this procedure for sure. "

But the trade closed down immediately at the right price and the funds went straight into the account.

This sounds like the exact reason they've used in the past to take clients profits. Their support/technical departement confirmed that ofc that kind of error would never escape them. Or else they would lose money as a broker. So no technical issues, yet it is being brought up to some kind of board vote.

Rather than waiting for the same thing to happen to me, i contacted forexpeacearmy and opened a scam alert immediately and left this review.

Then point blank this person that claims to be "defending my account" to board members sends a message asking me to write an email on my view on the following . Scalping, trading as third party, trading with negative balance, hedging. None of which applies to me.

Holding my account hostage, i was then told the fastest way for my account to be re-enabled is by giving my consent to remove any illegal trades it might find! It follows:
"after your confirmation, accounting team will check with liquidity provider and apply required actions if needed and then fully restore your account in next hours"

Oh my! Is it just me or does it sound like they are trying to remove my profits before enabling my account.
If the trades are illegal, then why do they need my permission?
If the trades are illegal why do they have to check with liquidity provider before closing?
What does this sound like to anyone reading?

Fxglory review

Fxglory is an offshore broker offering online forex and CFD trading. They provide the MT4 platform with fixed spread accounts and multiple payment options. However, this broker is unregulated with a very limited amount of trading instruments. It is advised to take extra caution if you are considering fxglory especially when there are so many other regulated brokers to choose from.

Fxglory review, pros & cons

Swap free accounts

Fixed spread accounts

A deposit of $1 is required to start live trading

Multiple account funding options

24/7 client support desk

Unregulated

Limited trading instruments

Limited trading platforms

No ECN execution model

No variable spread accounts

In this detailed fxglory review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Fxglory is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including fxglory.

Fxglory review: summary

Founded in 2011 with a mission to provide online forex trading to clients across the globe, fxglory is an online brokerage firm that offer forex and cfds for trading on the MT4 platform. Its head office is in united arab emirates (UAE) but it has offices in st. Vincent and the grenadines and malaysia. The broker also has support offices in UK, switzerland and cyprus.

Fxglory offers high leverage, no commissions and swift executions on the popular MT4 trading platform. Most of the management team members are professional traders who understand what a trader needs. Hence, the mission of the company is to satisfy the needs of all clients and partners. However, it should be noted that they do apply a mark up to the spread and trading on high leverage can be very dangerous.

Fxglory review: broker features

Fxglory offers both instant and market executions on multiple trading instruments. They accept multiple payment options and offer some trading tools useful to the average retail trader.

Fxglory review: regulation

Fxglory is registered in st. Vincent and the grenadines with the reg. No: 23463. The broker provides no regulatory information on its website. The broker states that it was established in the department of economic development of the U.A.E.

Fxglory states that all clients’ funds are maintained in separate bank accounts which are completely different from its own funds. The company states that they do not use client funds for its own operations. Without regulation this cannot be verified.

The trading environments as well as the broker website are encrypted using a 256-bit secured socket layer (SSL) technology. This technology ensures that all user data are encoded before it is transmitted to the servers via the internet. The reason is to ensure a digitally safe transaction environment for all clients.

Fxglory asserts that it is committed to the anti-money laundering committee (AMLC) instructions in order to assist governments to prevent money laundering and terrorism financing. So, the broker has implemented the policies stipulated by the AMLC. One of the rules is customer verification through ‘know your customer’ (KYC) procedures. Fxglory verifies the identity of all clients through ‘proof of identity’ and ‘proof of address.’ before a withdrawal request is approved, the client must have completed KYC verifications by uploading a valid government issued ID card and a utility bill.

Fxglory regulation is not the greatest and you should do your own due diligence on all brokers and proceed with caution when the regulation if not established. There are many other online brokers to choose from with a better reputation and stronger regulations in place to protect traders and the funds that they invest to trade through an online broker.

Fxglory review: countries

Fxglory provides no information on restricted regions or countries. Some fxglory broker features and products mentioned within this fxglory review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Fxglory review: trading platforms

Metatrader 4 (MT4) desktop trading platform

MT4 is one of the most widely used trading platforms in the world of online forex and CFD trading. It is a complete trading platform that is simple enough for new traders, yet, has enough advanced functionality for professionals and expert traders. It is replete with analytical and trading tools needed to analyse and trade the financial markets. It also has the tools needed to create and use automated programs that scan the markets, then enter and exit positions based on preconfigured parameters – known as expert advisors (eas). The fxglory MT4 desktop software is downloadable on a windows computer/laptop.

Here are some of the MT4 platforms primary features:

Customisable windows, charts, layouts, quotes and strategy templates.

Secured and reliable platform protected by a 128-bit SSL encryption.

Supports the deployment of expert advisors (eas) which automate trading activities.

Advanced charting using 9 timeframes, technical indicators and drawing tools.

Available in over 35 languages.

Multiple order types including market orders, 4 pending order types, risk management using stop loss, take profit, etc.

Fxglory review: MT4 trading platform

MT4 webtrader

Fxglory also provides the webtrader version of MT4. This runs on most modern web browsers and can be accessed directly from the website. The webtrader MT4 accounts integrate with the desktop and mobile versions of the platform. No downloads or installations are required and it runs on all devices and on all operating systems. The webtrader platform maintains most of the same features as the desktop version of the MT4.

MT4 mobile trading platform

Fxglory provides the mobile version of the MT4 to all its clients who own smart phones. This version is available as mobile apps developed for android and ios devices. The apps are freely available for download on the fxglory website and on the relevant app stores.

Here are some features of the MT4 mobile apps:

Live quotes of all trading instruments which can be customised to show only your favourite assets.

Supports all order types including pending orders, stop loss, take profit, etc.

Real-time zooming, scrolling and analyses of charts on up to 9 timeframes.

30 inbuilt technical indicators and over 20 analytical tools.

Simple and intuitive app interface with customisable charts, layouts, colours, and price alerts, etc.

Fxglory review: MT4 mobile apps

Fxglory review: trading tools

Virtual private server (VPS)

A VPS is normally required by traders who need stable, high quality and reliable internet connection to the trading servers. It is often demanded by advanced traders who use complex trading systems, expert advisors (eas), etc. A VPS can run trading platform 24/7 remotely without the user needing their own computer switched on. The fxglory VPS is provided at no cost to traders with a minimum balance of $1,000. The VIP VPS service has better hardware configuration and it is only for clients with an account balance of $5,000 and above.

Margin calculator

This calculator is used to calculate the amount required to open a position when the user has selected an asset, leverage and lot size.

Fxglory review: margin calculator

Forex news

This section of the website gives a frequently updated economic news and market analysis on some selected assets, primarily forex currency pairs.

Fxglory review: forex news

Fxglory review: education

There are a few articles written for beginner traders. The articles are aimed at introducing forex trading to a novice. The fxglory knowledge base is available in 6 languages; english, russian, italian, german, arabic and greek. It consists of articles and ebooks that teach newbies how to trade. It also contains forex market ‘frequently asked questions’ (faqs) and their answers. The knowledgebase also has a glossary of over 180 trading terminologies and their meanings.

Fxglory review: trading instruments

Fxglory offers about 34 currency pairs which are made up of the major, minor and exotic pairs. The other tradable instruments are: 2 futures and metal assets. This is a very limited asset range compared to most other online brokers. Even for a dedicated forex broker, the fx pairs are limited.

Fxglory review: trading accounts & fees

For all accounts, only fixed spreads are available. The trading fees are incorporated into the spread. No commissions are charged but the spreads will be marked up and thus higher than most other brokers.

Standard account: the fixed spread starts from 2 pips while a minimum deposit of $1 is required to open this account. The maximum leverage is 1:3000.

Premium account: A deposit of $1,000 is needed to open this account. The maximum leverage is 1:2000 and the minimum lot size is 0.10.

VIP account: $5,000 is required to activate a VIP account. The maximum leverage is 1:300 and the fixed spreads start from 0.7 pips. The leverage is capped at 1:300 and premium VPS is available to account holders.

CIP account: the minimum deposit required is $50,000 and the spreads start from 0.1 pips. The leverage is limited to 1:50.

Fxglory review: broker account types

As broker fees can vary and change, there may be additional fees that are not listed in this fxglory review. It is imperative to ensure that you check and understand all of the latest information before you open a fxglory broker account for online trading.

Fxglory review: customer service

Fxglory customer support team operates from 6 locations; dubai, SVG, malaysia, cyprus, UK and switzerland. Each of these support centres has their own contact email addresses and phone numbers. The support team can also be reached through instant web chat and a form on the ‘support page’ of the website. On social media, fxglory is on facebook, twitter, linkedin, reddit, vimeo, youtube, flickr, pinterest and digg.

Fxglory review: deposit & withdrawal

In compliance with the AMLC directives, fxglory do not accept cash deposits. All clients’ money transactions are properly documented. The following payment options are accepted:

Credit/debit cards: visa, mastercard and american express cards are accepted for payments and withdrawals. The minimum deposit is $50 while the minimum withdrawal is $10. The withdrawal fee is 5%.

Bank wire transfer: the minimum deposit and withdrawal is $500. There are no deposit fees but a withdrawal fee of 9% is charged.

Online payments: payza, skrill, OKPAY, webmoney, sticpay and perfect money payments are accepted. The minimum deposit is $1 while the minimum withdrawal is $5. There are no deposit fees but the withdrawal fee is $3.

Paypal: the minimum deposit is $50 and the minimum withdrawal is $10. There are no deposit fees while the withdrawal commission is 9%.

Neteller: the minimum deposit is $2 while the withdrawal is $5. The commission is $3 + 4% for withdrawals less than $50 and 4% for withdrawals greater than $50.

Cryptocurrencies: the cryptos accepted are bitcoin, ethereum, litecoin and ripple. The minimum deposit is an equivalent of $1 while the withdrawal is $5. Up to 10% discount is offered to clients on conversion of USD to cryptos. For withdrawals, the commission is 0-10%.

Fxglory review: account funding options

Fxglory review: account opening

It takes a few minutes to open an account and start trading with fxglory. To open a live account, visit the website. From the menu bar, navigate to ‘for traders’ >> open a real account. Fill the form that displays.

Fxglory review: account opening form

After filling in the personal and account details required, click ‘register’. Immediately, an activation email is sent to the registered email. Check your email and click on the link provided. On successful email verification, another email containing the MT4 account login details as well as the clients’ cabinet login details are received. From the clients’ cabinet area, you can create more accounts, make deposits, download platforms, get support and completely manage your brokerage accounts.

Fxglory review: conclusion

Fxglory is an offshore broker with limited regulations that would put off most online traders. The very high leverage is also dangerous. Whilst all accounts are swap free and no commissions are charged on trades, the spreads are very high as they are marked up to cover broker costs.

The provided MT4 platform is full of trading tools and is standard in the online trading industry. All traders are welcome with any type of trading strategy, including hedging and automated trading. A free VPS is provided for high volume traders who maintain a minimum of $1,000 account balance. Daily technical analysis is also provided from the in-house experts.

When compared to other brokers, fxglory provide a very restricted number of tradeable assets. The broker offers less than 50 trading instruments when competing brokers offer over 10,000 tradable assets. The training materials provided are also insufficient to completely train a new trader. There are no training videos, no webinars and no structured academic courses.

The regulatory status of fxglory is undefined, hence the assumption that the broker is unregulated. This is not good as all traders are generally advised to avoid unregulated brokers. You should apply caution when trading with this broker in our opinion.

Forex trading entails high risks and is not suitable for all traders/investors. Before making any investment or entering into any transaction, investors should carefully consider their investment goals and the level of risk they are willing to assume. They might lose part or all of their initial investment. Therefore, they should only invest risk capital in order to avoid compromising their personal financial status.

Min $1 deposit

Fxglory is an offshore broker offering online forex & CFD trading. They provide the MT4 platform with fixed spread accounts & multiple payment options. However, this broker is unregulated with a very limited amount of trading instruments.

Fxglory review

Fxglory is an online brokerage firm that offers forex and cfds trading via the metatrader 4 platform, offering fixed spread accounts and multiple payment options. The brand was founded in 2011 with its head office in the united arab emirates (UAE) but also has offices in st. Vincent and the grenadines, malaysia, cyprus, switzerland, and the UK.

Fxglory review – broker features

The broker provides some useful trading tools and offers high leverage, no commissions, and fast executions. However, they use markup spreads and are not well regulated.

Fxglory review introduction

In this fxglory review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including fxglory.

Fxglory platforms & tools

Fxglory review – MT4 trading platform

The broker provides their traders with the metatrader 4 platform for their online forex and CFD trading. The MT4 is a complete trading platform that is simple enough for new traders yet has enough advanced functionality for professionals and expert traders. It has analytical and trading tools needed to analyze and trade the financial markets.

Fxglory review – MT4 mobile apps

The fxglory MT4 platform is available as a desktop application for windows computers, a webtrader that runs directly on most modern web browsers and mobile trading apps for android and ios devices. The broker also provides additional trading tools, such as the VPS, margin calculator, forex news, and more.

Fxglory review – margin calculator

Fxglory research & education

The broker’s website has the fxglory knowledge-base, which consists of articles & ebooks available in 6 languages that teach newbies how to trade. It also has the frequently asked questions (faqs) section and a glossary of over 180 trading terms and their meanings.

Fxglory review – forex news

Fxglory trading accounts

The broker provides traders with a selection of the following account types:

Standard account: a minimum deposit of $1 and maximum leverage of 1:3000

Premium account: the minimum deposit is $1000, maximum leverage is 1:2000, and minimum lot size is 0.10

VIP account: the minimum deposit is $5000, while the maximum leverage is 1:300

CIP account: the minimum deposit is $ 50,000, and the leverage is limited to 1:50

For all accounts, only fixed spreads are available; no commissions are charged. Hence, the spreads are marked up.

Fxglory account funding

The following payment options are available: credit/debit cards, bank wire transfer, cryptocurrency, and online payment processors, such as paypal, neteller, skrill, OKPAY, webmoney, sticpay, and perfect money. Please note that the transaction limits, fees, and processing time vary, depending on the payment method used, and in compliance with the AMLC directives, the broker does not accept cash deposits.

Fxglory customer service

The brokerage provides their traders with a customer support team that can be reached via email, phone, and instant web chat. There is also a form on the support page of the broker’s website. You can also reach them via facebook, pinterest, twitter, youtube, and others.

Fxglory regulation

Fxglory is registered in saint vincent and the grenadines with the registration number: 23463. There is no regulatory information on the broker’s website.

Fxglory review summary

Fxglory is an offshore broker that offers online trading on the MT4 platform. They welcome all traders with any type of trading strategy including hedging and automated trading. Daily technical analysis is also provided by their in-house experts.

It is worth mentioning that some of the trading products and services in this fxglory review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the fxglory broker website which you can visit by using the link below.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Fxglory

Spreads

Liquidity

Commissions

Support

Regulation

Features

A good selection of educational resources

MT4 trading platform

Some useful trading tools

Multiple account funding options

A minimum deposit of $1

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Fxglory review, rating and comparison

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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.

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

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.

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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Fxglory review

Fxglory is a well-established broker since 2011. Fxglory has headquarters in cyprus, saint vincent and grenadines, switzerland, united arab emirates and united kingdom. They are generally well-suited for fxglory to provide their forex/CFD trading services to global clients.

Simple yet detailed information upon this broker can be seen below.

Features

Trading by telephone

Islamic accounts available

US traders are welcome

Account information

This broker offers standard and premium. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by fxglory is up to 1:3000. Meanwhile, you can open an account with a starting capital of $1

If you want to look for further information about this broker's offered account(s), please take a look at the list below.

Minimum position 0.01 lot

Browser-based platform

Instruments traded

Besides lots of currency pair, fxglory also offers some instruments you would like to trade on, such as forex, gold & silver, CFD, oil, stocks, energies and bonds for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

Minimum deposit $1000

Minimum position 0.1 lot

Instruments traded

Besides lots of currency pair, fxglory also offers some instruments you would like to trade on, such as forex, CFD, stocks, indexes and bonds for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

Payment methods

Bitcoin : as a payment method, bitcoin is reliable for its low cost and quick process. Brokers have been integrating bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

Neteller : like paypal, neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept neteller as a payment method for their clients' fund deposit and withdrawal. Although the neteller system is available almost all over the world, it remains particularly popular in europe.

Paypal : online payment was not a thing back in the early 2000s, but paypal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.

Skrill : mostly, all forex brokers provide skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a skrill e-wallet account.

Webmoney : webmoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept webmoney today. Like other online payment services today, webmoney is supported by mobile applications to make transactions more efficient.

Wire transfer : wire transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Fxglory also provides payment with bitcoin cash, credit/debit cards, ethereum, litecoin, perfect money and ripple

Trading platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, fxglory offers you metatrader 4 (limited with 30 days of inactivity).

Customer support

Do you have any question or find any trouble related to fxglory? If you do, you should reach fxglory's support to get the information that you need. Here is the detail of the broker's customer support:

so, let's see, what we have: is fxglory a regulated forex broker or a scam? Read our full in-depth fxglory review and comments by many forex traders before you open a forex account. At fxglory review