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FXGlory foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://fxglory.com/register/, about the company's legal and temporary regulatory information, the company's address PKF Corporate Services Building, 1st floor, Meridian Place, Choc Estate, Castries, Saitn Lucia.

FXGlory Forex Broker

Basic Information

Registered Region
Saint Lucia
Operating Period
--
Company Name
Glory Group Limited
Abbreviation
FXGlory
Company employee
--
Customer Service Email Address
info.lc@fxglory.com
Contact Number
+447441906300
Company Website
Company address
PKF Corporate Services Building, 1st floor, Meridian Place, Choc Estate, Castries, Saitn Lucia
Keywords
5-10 years
Suspicious Regulatory License
MT4 Full License
MT5 Full License
High potential risk

Company profile

Quick FXGlory Review Summary Founded2010Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo licenseMarket InstrumentsCurrency pairs, precious metals of gold, silver, platinum and palladium, and oilDemo Account✅Min Deposit1 USD for MT4, 100 USD for MT5LeverageUp to 1:3000SpreadFrom 2 pips (Standard account)Trading PlatformMT4/5Customer Support24/7 live chat, contact formTel: +(44) 322 473 800WhatsApp: +(44) 744 190 6300 (UK)Email: support@fxglory.comBonus50% bonus on each depositRegional RestrictionsNorth Korea, Italy, Iran, Bulgaria, United States, Russia, United Kingdom, China, Canada, Japan, Australia, EU, Syria, Sudan, CubaFXGlory Information Fxglory is an online broker founded in 2010 that provides trading in forex currency pairs, precious metals, and oil with leverage up to 1:3000 via the MT4 and MT5 trading platforms. Demo accounts are available and the minimum deposit requirement is as low as 1 USD. However, Fxglory is not authorized or regulated by any regulatory authority.Pros & ConsProsCons• Multiple account types to choose from• Offshore broker, no regulation• Demo accounts available• Reports of issues with withdrawals• Low initial deposit required• Regional restrictions• MT4/5 supported• Limited tradable asset classes• Convenient deposit and withdrawal methods• Wide spreads• Customer support from multiple branches• 24/7 live chat supportIs FXGlory Safe or Scam? FXGlory's claims of offering client fund segregation, SSL encryption, advanced risk management, regular audits, and transparency, as well as various security measures such as two-factor authentication, penetration testing, and real-time monitoring, suggest a commitment to security and client protection. However, it's important to note that FXGlory is an offshore broker and is not regulated by any reputable financial authority. This lack of regulation raises concerns about the safety of funds and the level of oversight the broker operates under. Traders should exercise caution and thoroughly research the broker before engaging in any trading activities. It is advisable to choose brokers that are regulated by recognized authorities to ensure a higher level of safety and accountability.Market Instruments FXGlory only offers trading in currency pairs, precious metals, and oil. Other popular trading assets like indices, stocks, cryptocurrencies are not available.Trading AssetsAvailableCurrency pairs✔Precious metals✔Oil✔Indices❌Stocks❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Types FXGlory offers four live account types to cater to the varying needs of traders. The Standard account is designed for beginners or those who prefer to start with a smaller initial deposit. It has a minimum deposit requirement of only $1, making it accessible to traders with limited capital. The Standard account provides access to all the basic features and trading instruments offered by FXGlory. For traders who are ready to invest more, the Premium account requires a minimum deposit of $1,000. This account type offers additional benefits such as lower spreads and access to exclusive trading tools and resources. The Premium account is suitable for intermediate traders who seek enhanced trading conditions and a more personalized trading experience. The VIP account is designed for high-volume traders or experienced professionals. It requires a minimum deposit of $5,000 and offers even tighter spreads, faster execution speeds, and dedicated customer support. VIP account holders also enjoy priority access to new features and promotions. FXGlory also offers a CIP (Capital Investment Program) account for institutional or high-net-worth individuals. This account requires a substantial minimum deposit of $50,000 and provides custom-tailored trading conditions, including personalized risk management strategies and dedicated account managers. Additionally, FXGlory offers demo accounts for traders to practice their strategies and familiarize themselves with the trading platforms without risking real money. Swap-free (Islamic) accounts are also available for clients who adhere to Sharia principles.Leverage FXGlory offers different leverage levels based on the type of trading account.Account TypeMax LeverageStandard1:3000Premium1:2000VIP1:300CIP1:50 It's important to note that while higher leverage can amplify potential profits, it also increases the risk of significant losses. Traders should carefully consider their risk tolerance and trading strategies when deciding on the appropriate leverage level to use.Spreads & Commissions FXGlory offers spreads across its different account types. For the Standard and Premium accounts, the spread starts from 2 pips. This spread is higher than the industry average of 1.5 pips. The VIP account offers tighter spreads, starting from 0.7 pips. This lower spread allows traders to benefit from more competitive pricing and potentially reduce trading costs. Traders using the VIP account can take advantage of narrower spreads, which can be particularly beneficial for frequent traders or those executing larger trade volumes. For the CIP account, FXGlory offers even tighter spreads, starting from 0.1 pips. This account type is specifically designed for institutional or high-net-worth individuals, and the lower spreads reflect the advantages and privileges provided to this category of traders. Also, spreads vary on the trading instrument. More specific information can be found in the below screenshot. One notable feature of FXGlory is that it does not charge any commission for forex trading on any of its four account types. This means that traders can focus on trading without worrying about additional commission costs, which can be particularly appealing for those who prefer commission-free trading.Account TypeSpreadCommissionStandardFrom 2 pips❌PremiumVIPFrom 0.7 pipsCIPFrom 0.1 pipsTrading Platforms FXGlory provides traders with the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Windows, Android, iOS, WebTraderBeginnersMT5✔Windows, Android, iOS, WebTraderExperienced tradersTrading Tools FXGlory provides traders with a range of useful trading tools. One of these tools is the Economic Calendar, which displays important economic events, news releases, and indicators that can impact the financial markets. Traders can use the Economic Calendar to stay updated on upcoming events and plan their trading strategies accordingly, as well as monitor the market reactions to economic data releases. Another valuable tool offered by FXGlory is the Margin Calculator. This tool helps traders calculate the required margin for their trades based on their desired leverage, trade size, and currency pair. FXGlory also offers the convenience of One-Click Trading, which allows traders to execute trades with a single click of a button. This feature is particularly useful for traders who need to enter or exit positions quickly, as it eliminates the need to manually confirm trade orders.Deposits & Withdrawals FXGlory offers a wide range of convenient deposit and withdrawal methods. Traders can choose from various options such as SticPay, American Express, Perfect Money, Cryptocurrencies including Ripple, Litecoin, Ethereum, and Bitcoin, EPay, WebMoney, MasterCard, Visa, Wire Transfer, Skrill, NETELLER, and PayPal, among others. FXGlory minimum deposit vs other brokersFXGloryMost OtherMinimum Deposit$1$100 One of the advantages of FXGlory is that it does not charge any deposit fees, allowing traders to fund their accounts without incurring additional costs. However, withdrawal fees may vary depending on the chosen withdrawal method. Traders should review the fees associated with each method before initiating a withdrawal. To comply with anti-money laundering regulations and ensure the security of funds, FXGlory requires that the withdrawal method be the same as the deposit method. This helps to prevent any potential fraudulent activity and ensures that funds are returned to the same source from which they were deposited. Withdrawals at FXGlory are processed by the Finance department from Monday to Friday. The processing time for withdrawals may vary depending on the chosen withdrawal method, typically ranging from 1 to 10 business days.Education FXGlory offers a Knowledgebase and Glossary for traders. The Knowledgebase provides a comprehensive collection of articles and guides covering various aspects of trading, including fundamental and technical analysis, risk management, trading strategies, and more. The Glossary serves as a valuable tool for traders to familiarize themselves with industry-specific terms and terminology. It provides definitions and explanations for key terms commonly used in trading.Customer Service Clients with any inquiry can get in touch with Fxglory 24/7 through various channels, including live chat, phone support, email, and online messaging. More detailed contact information can be found in the below screenshots or you can directly search on the brokers website.Conclusion As a whole, FXGlory is a brokerage that offers multiple account options, high leverage ratios, and low minimum deposit. The availability of MT4/5 and convenient deposit/withdrawal methods adds to the convenience for clients. However, it's crucial to consider the fact that FXGlory operates as an unregulated broker, which introduces potential risks. There have been reports of difficulties with withdrawals raises concerns about the safety of client funds. Traders should exercise caution and thoroughly evaluate the associated risks before engaging in trading activities with FXGlory.Frequently Asked Questions (FAQs) Is FXGlory a regulated broker? No. It has been verified that this broker currently has no valid regulation. Does FXGlory offer demo accounts? Yes. Does FXGlory offer the industry leading MT4 & MT5? Yes. Both MT4 and MT5 are available. What is the minimum deposit to get started with FXGlory? The minimum initial deposit to open an account is 1 USD for MT4, while 100 USD for MT5. Is FXGlory suitable for beginner traders? No. It is not a good choice for beginners. Though it advertises well, it lacks valid regulation.Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Rating Index

VIP

Minimum Deposit
5,000 USD

Premium

Minimum Deposit
1,000 USD
How to login to FXGlory?
fxglory Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a fxglory Account The registration process for a fxglory account is designed to be straightforward, allowing new users to quickly join the platform and start trad

  

FXGlory Forex Broker - Complete Information Guide

  

1. Broker Overview

  FXGlory, established in 2011, is a prominent online forex and CFD broker headquartered in Saint Vincent and the Grenadines. The broker operates as a private entity, catering primarily to retail traders globally. Over the years, FXGlory has built a reputation for offering high leverage trading options and a user-friendly trading environment.

  Since its inception, FXGlory has focused on making forex trading accessible and transparent for investors, emphasizing customer service and empowerment through information. The company has grown significantly, attracting a diverse client base and expanding its offerings. Notable milestones in its journey include the introduction of various account types and trading platforms, as well as the implementation of a robust customer support system.

  The broker operates under a Straight Through Processing (STP) model, allowing it to pass client orders directly to liquidity providers without a dealing desk. This model is designed to minimize conflicts of interest and enhance execution speed, making FXGlory a preferred choice for many traders looking for efficient trading solutions.

  

2. Regulation and Compliance Information

  FXGlory is registered but operates without regulation from any major financial authority. The broker is officially registered in Saint Vincent and the Grenadines, a jurisdiction known for its lenient regulatory framework. As such, it does not hold licenses from tier-1 regulators such as the FCA or ASIC, which raises potential concerns regarding investor protection and transparency.

  The lack of regulation means that FXGlory does not participate in any investor compensation schemes, which are typically in place to protect clients' funds in case of broker insolvency. However, the broker does implement certain measures to safeguard client funds, including:

  • Segregation of client funds from operational accounts.
  • Negative balance protection, ensuring that clients do not lose more than their deposited amount.
  • Compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which are designed to prevent fraud and ensure the legitimacy of client transactions.

  Despite these measures, traders should exercise caution and thoroughly evaluate the risks associated with trading through an unregulated broker like FXGlory.

  

3. Trading Products and Services

  FXGlory offers a diverse range of trading instruments, primarily focusing on the forex market. Traders can access over 40 currency pairs, including major, minor, and exotic pairs. The broker also provides opportunities to trade in various CFD products, including:

  • Precious metals: Gold, silver, platinum, and palladium.
  • Energy commodities: Crude oil and natural gas.
  • Cryptocurrencies: A limited selection of major cryptocurrencies, including Bitcoin and Ethereum.

  In addition to forex and commodities, FXGlory is known for its competitive trading conditions, including high leverage options of up to 1:3000, which allows traders to amplify their market exposure significantly. The broker's commitment to providing a user-friendly trading experience is reflected in its extensive market analysis services and trading tools.

  FXGlory continually updates its product offerings to meet market demands, ensuring that traders have access to a wide variety of instruments. The broker does not offer mutual funds or managed accounts, focusing instead on retail trading services.

  

4. Trading Platforms and Technology

  FXGlory supports the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, providing traders with powerful tools for market analysis and trade execution. The MT4 platform is particularly favored for its user-friendly interface and advanced charting capabilities, making it suitable for both novice and experienced traders.

  In addition to the desktop versions of MT4 and MT5, FXGlory offers a web-based trading platform, allowing traders to access their accounts from any device with internet connectivity. This flexibility ensures that traders can manage their positions and execute trades seamlessly.

  For mobile trading, FXGlory provides dedicated applications for both iOS and Android devices, enabling users to trade on the go. The mobile platforms retain most of the functionalities of the desktop versions, ensuring a consistent trading experience across devices.

  FXGlory operates using an STP execution model, which enhances order execution speed and reduces slippage. The broker's technical infrastructure is designed to support high-frequency trading and provides access to a range of liquidity providers, ensuring competitive pricing for its clients.

  

5. Account Types and Trading Conditions

  FXGlory offers several account types to cater to different trading needs:

  • Standard Account: Requires a minimum deposit of $1, with spreads starting from 2 pips and leverage up to 1:3000. This account is ideal for beginners.
  • Premium Account: Requires a minimum deposit of $1,000, with spreads starting from 1.5 pips and leverage up to 1:2000. This account offers better trading conditions for more experienced traders.
  • VIP Account: Requires a minimum deposit of $5,000, with spreads starting from 0.7 pips and leverage up to 1:400. This account is tailored for high-volume traders.
  • CIP Account: Designed for institutional clients, this account requires a minimum deposit of $50,000 and offers custom trading conditions.

  All accounts support a minimum trade size of 0.01 lots, and FXGlory does not charge commissions on trades, making it a cost-effective option for traders. The broker also provides a demo account for practice, allowing users to familiarize themselves with the trading platform without risking real capital.

  

6. Fund Management

  FXGlory supports a variety of deposit and withdrawal methods, providing flexibility for its clients. The broker accepts:

  • Bank Transfers
  • Credit/Debit Cards
  • E-wallets: Including PayPal, Skrill, Neteller, and various cryptocurrencies.

  The minimum deposit requirement is $1 for the standard account, while other accounts have higher minimums. FXGlory does not charge deposit fees, allowing traders to fund their accounts without incurring additional costs.

  Withdrawal methods include bank transfers and e-wallets, with a minimum withdrawal amount typically starting at $5. Withdrawal processing times vary depending on the method used, with e-wallet withdrawals generally processed within 24 hours, while bank transfers may take 1 to 10 business days.

  FXGlory has a transparent fee structure, with no withdrawal fees for most methods, although some e-wallets may incur small fees depending on the transaction amount.

  

7. Customer Support and Educational Resources

  FXGlory provides customer support through various channels, including:

  • Email Support
  • Live Chat
  • Phone Support

  The support team is available 24/7, ensuring that traders can receive assistance whenever needed. However, support is primarily offered in English, which may limit accessibility for non-English speaking clients.

  In terms of educational resources, FXGlory offers a basic knowledge base and glossary to help traders understand key trading concepts. The broker also provides access to market analyses and trading signals, which can assist traders in making informed decisions.

  While the educational offerings are somewhat limited compared to other brokers, FXGlory's commitment to customer service and support is a notable advantage for its clients.

  

8. Regional Coverage and Restrictions

  FXGlory serves a wide range of markets globally, accepting clients from numerous countries, including:

  • North America: Canada
  • Europe: United Kingdom, Germany, France, Spain, Italy, and more
  • Asia: Malaysia, Singapore, India, Thailand, and others
  • Middle East: United Arab Emirates, Saudi Arabia, Qatar, etc.
  • Africa: South Africa, Nigeria, Kenya, and others

  However, FXGlory does not accept clients from certain jurisdictions, including the United States, United Kingdom, North Korea, and other countries subject to regulatory restrictions. It is essential for potential clients to verify their eligibility based on their location before opening an account.

  In conclusion, FXGlory is a broker that has successfully established itself in the forex trading market since 2011. While it offers attractive trading conditions and high leverage, the lack of regulation may pose risks for some traders. As always, individuals are encouraged to conduct thorough research and assess their risk tolerance before engaging with any broker, including FXGlory.

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Latest Reviews

Earzh Narathorn

Earzh Narathorn

Spain

The leverage is crazy high, makes me worried about losing money. Risky AF. But the demo account helps me practice.

37130

2024-07-30

fengAAA

fengAAA

Philippines

FXGlory offers a unique trading experience laden with ups and downs. They really nailed their crypto deposit system with unmatched speed. Beware though, withdrawal fees stand at a staggering 9% - something to think about. Customer service efforts deserve a shout-out for their commitment and genuine help. Always stay informed!

37130

2024-04-19

Nate J

Nate J

United Kingdom

Great customer service and a good deposit bonus but the downside is that it’s not a welcome bonus.

Positive

2023-12-12

FXGlory

News

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FXGlory Forex Broker has an overall rating of 2.32, Regulatory Index 0.00, License Index 0.00, Business Index 7.55, Software Index 8.93 Risk Control Index 0.00.