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.
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
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.
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 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 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 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.