FXGlory Review 2024
Saint Lucia
Leverage: Up to 1:3000
Deposit: From 1 USD
Spread: Low
Regulation: IFSA
Leverage: Up to 1:3000
Deposit: From 1 USD
Spread: Low
Regulation: IFSA
Broker type: NDD
Offices: Saint Lucia
Platforms: MetaTrader 4, MetaTrader 5, GloryTrader
Instruments: Forex, Metals, Cryptocurrency
Payment Methods:
General Overview
Today in FXGlory forex broker review, we'll dive into all the key features of FXGlory Broker, which has been serving traders since 2011. Although the Office is based in Saint Lucia and operates without regulation, this broker has gained trust over more than a decade in the market. Known for its high leverage, offering up to 1:3000, FXGlory is favored by traders who seek higher-leverage brokers for more aggressive trading opportunities. With a minimum of just a $1 deposit, you can start trading on MT4 (Metatrader 4), MT5(Metatrder 5), or FXGlory’s own GloryTrader platform. This broker provides a 50% deposit bonus on each deposit, making it a lucrative choice for many. Available trading instruments include precious metals, currency pairs, and cryptocurrencies. In this review, we will also cover FXGlory broker spreads, trading app review, and additional details on its deposit bonus and other bonus offers. We'll discuss the withdrawal and deposit process and costs, their customer support, unique features, and account opening procedures along with FXGlory broker rating and available account types in upcoming sections.
Pros
- Flexible high leverage up to 1:3000
- Low minimum deposit requirement of just $1
- FXGlory Offers MT4, MT5 and an exclusive trading platform, Glory Trader
- Attractive 50% deposit bonus on every deposit
- FXGlory offers a wide range of account types
- 24/7 Available human customer support
- Wide range of choices for deposit and withdrawal methods
- No commissions or swaps
Cons
- Limited range of available assets compared to larger brokers
- Lack of educational resources for beginner traders
- Lack of no-deposit bonus
Trust and Safety
Regulations: IFSA
Being established in 2011, FXGlory has built a solid reputation among traders despite not being regulated by major financial authorities. Over the years, it has gained a significant number of positive reviews from clients who appreciate its transparent and user-friendly services. The broker is legally registered in Saint Lucia, providing a level of legal recognition and accountability. In terms of client trust, it has implemented various measures to ensure transparency, such as clearly outlining its practices in the "Security of Funds" section in FXGlory’s website, where the company explains how clients' funds are protected.
Is FxGlory Regulated?
One notable aspect of FXGlory forex Broker is its lack of regulation from recognized financial authorities like the FCA or CySEC. While this might raise concerns for some traders, it’s important to note that the broker is legally registered in Saint Lucia, ensuring that it operates within a framework of legal guidelines. Although regulation typically provides additional oversight, many traders trust this broker due to its consistent positive performance and strong client satisfaction. The broker has made it clear that it adheres to strict security protocols, as outlined in its public disclosures, which helps mitigate concerns about the lack of formal regulation.
Is FXGLory safe?
The question of safety is crucial for any financial service providers. In the case of FXGlory Forex Broker, the lack of regulation might initially seem concerning, but it has still managed to earn a reputation as a reliable platform. The broker has been in operation for over a decade, which could be considered a sign of stability. Furthermore, clear steps on how it ensures the safety of funds has provided and detailed in FXGlory website. These include segregation of client funds from company operational accounts, as well as measures to protect against fraud. Based on the longevity of the broker, the positive feedback from its users, and the transparency in its financial security practices, FXGlory can be considered a safe choice for traders, especially for those who prioritize trust and performance over formal regulation.
Trading Platforms
MetaTrader 4 | MetaTrader 5 | GloryTrader
Visit PlatformsFXGlory Broker provides access to three powerful trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and their proprietary GloryTrader. Both MT4 and MT5 allow traders to choose between two types of order executions: market execution, where trades are executed at the current market price, and instant execution, where trades are executed at the quoted price. On the other hand, the GloryTrader platform offers only market execution, ensuring orders are placed at the best available price in real time. For more detailed information on the platform features and trading options, continue reading below.
FXGlory Metatrader 4 (MT4)
The FXGlory MT4 platform is a highly popular and reliable trading tool favored by traders for its user-friendly interface and powerful features. It offers advanced charting capabilities, a variety of technical indicators, and customizable trading strategies, making it suitable for both novice and experienced traders. The platform supports automated trading through Expert Advisors (EAs) and allows traders to choose between market and instant execution types, providing flexibility in how orders are executed. Additionally, MT4 ensures a secure trading environment with fast execution speeds, making it ideal for trading forex, commodities, and other assets.
FXGlory Metatrader 5 (MT4)
The FXGlory MT5 platform builds on the success of MT4, offering an enhanced trading experience with more advanced features and improved performance. It provides additional timeframes, more technical indicators, and a wider range of order types compared to MT4, making it a preferred choice for traders seeking more analytical depth. MT5 supports both market and instant execution types, giving traders flexibility in executing their strategies. With integrated economic calendar features, multi-asset trading capabilities, and faster processing speeds, the MT5 platform is ideal for those looking to trade a broader range of instruments with greater precision and control.
FXGlory Exclusive Platform, Glorytrader
Glorytrader is an enhanced version of TradingView, offering all the powerful charting and analysis features that TradingView users love, but with added capabilities and flexibility. Unlike the standard TradingView platform, Glorytrader allows users to apply an unlimited number of indicators, giving traders unparalleled customization and analytical depth. The platform supports market execution only, ensuring trades are executed at the best available price in real-time, with optimal performance. Designed for traders who seek an intuitive, high-performance platform with no restrictions on technical analysis tools, GloryTrader is perfect for those looking to maximize their trading potential.
Tradable Instruments
Instruments: Forex, Metals, Cryptocurrency
FXGlory Broker provides a diverse range of trading instruments, including almost 40 currency pairs, 6 cryptocurrency pairs, and 6 precious metals to trade on. Each of these asset classes comes with unique features tailored to different types of traders. Whether you are interested in major forex pairs, emerging cryptos, or stable precious metals, FXGlory offers a flexible trading environment. In the following sections, we will dive deeper into the specifics of each asset class, discussing the available options, trading conditions, and unique advantages that come with trading these instruments. For more detailed information on this broker's available trading instruments, you can check this section in FXGlory’s website.
FXGlory Available Currency Pairs
FXGlory Broker offers traders access to 38 currency pairs in both FXGlory demo accounts and real accounts, providing a wide range of opportunities for forex trading. With a maximum leverage of 1:3000, traders can opt for high-leverage positions, although they also have the flexibility to choose lower leverage for reduced risk exposure. It's important to note that the spreads on forex currency pairs vary depending on the type of account you open with FXGlory Forex Broker; however, in each account type the spread is fixed during all times of the market; allowing traders to select the account that best fits their trading style and cost preferences.
FXGlory Offered Metal Pairs
FXGlory Broker offers a selection of 6 metal pairs for trading, including GoldUSD, GoldEUR, Palladium, SilverUSD, SilverEUR, and Platinum, providing a solid range of precious metals for traders interested in commodities. One of the key features of trading metals with this Forex Broker is the fixed spreads, which remain consistent across different account types and throughout all market conditions. This makes it easier for traders to plan and manage their trading costs without worrying about fluctuating spreads during volatile market times.
FXGlory Offered Cryptocurrencies
When it comes to cryptocurrency trading, FXGlory Broker offers a margin-based system rather than traditional leverage. The margin percentage for trading cryptocurrencies with FXGlory is 20%, which translates to leverage of 1:5, allowing traders to manage their risk while still having access to larger market positions. Although FXGlory websites on cryptocurrency pairs might seem high at first glance, it's important to consider the volatility and pricing of these assets. For instance, a 500 pips spread on the BTCUSD pair may sound large, but it actually amounts to just $50 per BTC, which is relatively low given Bitcoin's price. FXGlory charges and exchange rates are designed to reflect the market dynamics, ensuring that the broker remains competitive while providing a stable and fair trading environment for crypto traders.
Account Types
FXGlory Forex Broker offers three main account types to cater to different trading needs and experience levels: Standard, Premium, and VIP accounts. Each account comes with its own unique features, allowing traders to choose the one that best fits their trading style and capital requirements.
FXGlory Standard Account
The Standard account is ideal for beginners or those who want to start trading with a lower capital investment. With a minimum deposit of just 1 USD (100 USD for MT5 users), it provides an accessible entry point into the trading world. The leverage is as high as 1:3000, allowing traders to maximize their market exposure. The account offers a 50% deposit bonus, a maximum bonus of 500 USD, and spreads starting from 2 pips. No commissions are charged on trades, making it a cost-effective option for new traders. However, the maximum position size is capped at 20, and there is no access to premium VPS services.
FXGlory Premium Account
The Premium account is designed for more experienced traders who are ready to invest more capital. The minimum deposit required is 1,000 USD, and traders can enjoy a leverage of up to 1:2000. With spreads starting from 1.5 pips, the trading conditions are more favorable than those offered in the Standard account. Like the Standard account, the Premium account also includes a 50% deposit bonus, but the maximum bonus is higher, capped at 1,000 USD. Premium account holders can open up to 100 positions simultaneously, and they also have access to premium VPS services for improved trading performance.
FXGlory VIP Account
The VIP account is the top-tier offering from FXGlory Broker, designed for high-net-worth traders and professionals. The minimum deposit required is 5,000 USD, and the leverage is set at 1:400, providing a balance between risk and reward. VIP traders benefit from the lowest spreads, starting from just 0.7 pips, and can open up to 200 positions at a time. The account also includes a 50% deposit bonus, with a maximum bonus of up to 2,000 USD. In addition, VIP traders enjoy premium VPS services and lower hedge margins, set at 25%, making it the most exclusive account option for serious traders.
Deposits and Withdrawals
FXGlory offers a variety of flexible and competitive deposit and withdrawal options, catering to different types of traders. The broker ensures that clients can choose from a wide range of payment methods with minimal deposit and withdrawal costs, adding to the overall convenience and accessibility of their trading experience.
FXGlory Deposit Options and Fees
FXGlory deposit methods are designed to provide flexibility, allowing traders to fund their accounts with ease. The broker supports various deposit methods, including Wire Transfer, Credit/Debit Cards, NETELLER, Skrill, and cryptocurrencies. The minimum deposit varies depending on the method used. For instance, while Wire Transfers require a minimum deposit of $500, most other methods, such as Credit/Debit Cards and e-wallets, have a low minimum deposit of just $1.
One attractive feature of deposit methods at FXGlory is that the broker charges no deposit fees for most payment options, making it a cost-effective choice for traders. Additionally, cryptocurrency deposits come with an up to 10% discount, providing even more value for traders using digital currencies to fund their accounts.
FXGlory Withdrawals Options and Fees
FXGlory offers flexible withdrawal methods with varying fees depending on the chosen withdrawal option. Withdrawals can be made through Wire Transfer, Credit/Debit Cards, PayPal, NETELLER, Skrill, and some other e-wallets. The minimum withdrawal typically starts as low as $5, depending on the method.
Withdrawal fees vary across methods. For example, PayPal withdrawals incur a 9% fee, while e-wallets such as Skrill and NETELLER have more favorable fees. Skrill charges a 3% fee for withdrawals, while NETELLER charges 4% for withdrawals over $50 and a flat fee of $3 for amounts below $50. These withdrawal fees are relatively low, ensuring that traders can access their funds conveniently without incurring high costs. Below you can see a full table for deposit options and details in FXGlory.
Mastercard
Visa
Ethereum
Bitcoin
Litecoin
Ripple
Zelle
Fees and Commissions
FXGlory offers a competitive fee structure, making it appealing to both beginner and experienced traders. With zero commissions, no deposit fees, low withdrawal fees for most of the methods and swap-free trading, overall, the FXGlory charges remain low.
FXGlory Spreads
FXGlory provides fixed spreads trading across all account types. Although these fixed spreads are slightly higher than floating spread offerings, they are among the lowest in the fixed-spread category. As traders move into premium and VIP account levels, spreads become even more competitive, offering more favorable trading conditions for high-volume accounts.
FXGlory Trading Fees
FXGlory stands out by offering commission-free trading across all account types, which significantly reduces the overall trading costs. The broker's fixed spreads are slightly higher compared to floating spread brokers; however, when compared to other fixed-spread brokers, they offers some of the lowest rates in the industry. For traders with premium and VIP accounts, FXGlory spreads are reduced even further, providing added value to high-volume and frequent traders.
FXGlory Non-Trading Fees
When it comes to non-trading fees, FXGlory offers competitive terms. Deposit fees are waived for most methods, including Credit/Debit Cards, NETELLER, and Skrill. A standout feature is the up to 10% discount for cryptocurrency deposits, making it an attractive option for crypto traders. On the withdrawal side, PayPal withdrawals come with a 9% fee, while NETELLER and Skrill withdrawals incur lower fees, ranging from $3 to 3% based on the amount.
Bonuses and Promotions
FXGlory provides its traders with attractive bonus opportunities and additional perks that can help enhance their trading experience. Whether you're a beginner or an experienced trader, FXGlory offers incentives that can increase your capital and provide greater trading flexibility. From deposit bonuses across different account types to exclusive discounts for cryptocurrency deposits, the broker ensures that traders can benefit from a range of offers tailored to their trading needs.
FXGlory 50% Deposit bonus
FXGlory Broker offers a variety of bonuses to enhance your trading experience. For all account types—Standard, Premium, and VIP—traders can benefit from a 50% deposit bonus. This bonus allows you to increase your trading capital, with the maximum bonus amount ranging from 500 USD for Standard accounts to 2,000 USD for VIP accounts. The deposit bonus provides an excellent opportunity for traders to maximize their initial investments and explore larger trading volumes without additional costs.
FXGlory Crypto Deposit Bonus
In addition to the deposit bonuses, FXGlory Broker offers a special incentive for cryptocurrency traders. If you deposit funds using cryptocurrency, you can enjoy a 5% or 10% discount on your deposits. This is a unique feature that adds flexibility for traders who prefer using digital currencies, making trading more cost-effective.
Education
While education is not the primary focus of FXGlory, they still offer some helpful resources for their clients. The broker runs a YouTube channel that provides basic educational content, including general Forex information and tutorials on how to use their platform effectively. This can be useful for traders who want to gain a foundational understanding of trading or learn more about navigating the broker's website.
Additionally, FXGlory has a Help Desk section on their website, where clients can find information on frequently asked questions and basic guidance on trading and using their platform. Although the educational offerings are limited, these resources are available for those who seek them.
Allowed Countries
Allowed Countries for FXGlory Broker
FXGlory Broker is accessible to a wide range of international clients. Below is a list of countries where FXGlory services are currently available:
- North America: Canada
- Europe: United Kingdom, Germany, France, Spain, Italy, Netherlands, Belgium, Sweden, Norway, Finland, Denmark, Austria, Switzerland, Ireland, Greece, and Poland
- Asia: Malaysia, Singapore, India, Thailand, Vietnam, Philippines, Indonesia, South Korea, Japan, and China
- Middle East and North Africa: United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Kuwait, Egypt, Morocco, and Jordan
- Africa: Nigeria, South Africa, Kenya, Ghana, Uganda, and Tanzania
- Latin America: Mexico, Brazil, Argentina, Chile, Colombia, Peru, and Venezuela
- Oceania: Australia and New Zealand
This list reflects the regions where FXGlory accepts clients, but it’s essential to check any local regulations in your country before trading. FXGlory does not accept clients from restricted countries such as the United States, North Korea, and certain jurisdictions where specific financial regulations may apply.
Excluded Countries
Bangladesh
North Korea
Syrian Arab Republic
Sudan
Iran
Nigeria
Russian
Pakistan
China
Customer Support
To contact FXGlory Company, customers have multiple convenient options. Although the company has branches worldwide in Saint Lucia, Tbilisi, Malaysia, Cyprus, United Kingdom, and Spain, they generally do not support physical visits to their offices. However, they provide several ways to reach FXGlory Company. Here are the main methods to contact this Broker:
• FXGlory Live Chat: Available on their website for immediate assistance.
• FXGlory Ticket System: Create a ticket directly from your client cabinet for more detailed inquiries.
• FXGlory Email addresses: You can send emails to different sections of FXGlory using the following email addresses:
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
• FXGlory Phone Calls: Contact their support team by phone at:
+(995)32 242 3560
+(60) 392 126 712
+(357) 2112 3232
+(44)744 190 6300
+(44) 322 473 800
Broker Name: FXGlory
Broker Type: NDD
Country: Saint Lucia
Operating since year: 2011
Regulations: IFSA
Phone: +(1)8457098570
Email: [email protected]
Address: Saint Lucia PKF Corporate Services Building, 1st floor, Meridian Place, Choc Estate Castries Saint Lucia
Broker status: Active
FAQs
Is FXGlory a Good Broker?
FXGlory Broker is a popular choice among traders due to its impressive features. With FXGlory exceptionally high execution speed, the broker ensures that trades are executed swiftly, providing an edge for traders in fast-moving markets. One of the standout aspects is the leverage range, offering from 1:1 to 1:3000, making it arguably the best leverage available in the forex market. The FXGlory broker rating is considerably positive, with traders appreciating its 24/7 support service, where human agents are ready to assist with any inquiries. While this broker does not hold any regulations, its strong reputation built over a decade leads many to believe that FXGlory is legit. For those looking for speed and flexibility in trading, the combination of FXGlory execution speed and its leverage offerings make it a competitive option in the industry.
How to Deposit and Withdraw Funds to and from FXGlory?
To successfully withdraw funds from your FXGlory account, you must first ensure that your account is fully verified. This involves completing the Know Your Customer (KYC) process, which requires you to verify your identity, residential address, and phone number. For certain FXGlory deposit methods, completing the KYC process is also mandatory before you can use them. Once your account is verified, you can initiate a withdrawal by hovering over the Finance section in your client cabinet, then selecting the Withdrawal tab. It’s important to note that each of the FXGlory offered withdrawal and deposit methods may have its own minimum and maximum limits, which you can find detailed in the deposit and withdrawal conditions on the FXGlory leverage.
Customer Reviews
Simon
3000 leverage!? that's mental !!
20 Sep 2024
Score: 5
Harry Brandon
I gotta say the customer support is good. I am fairly new to the whole forex thing but they patiently guide me through all my questions. so thumbs up to fxglory!
20 Sep 2024
Score: 5
mr.Trader
i am really impressed by their GloryTrader platform
19 Sep 2024
Score: 4
Alex Adams
I am having doubts about what broker to use. but this review really helps.
20 Sep 2024
Score: 5
Isabella
MT4 and MT5 are the best platforms ever!
21 Sep 2024
Score: 5
Rajan
they are very good customer service sir. they are good with indian clients but other brokers no
27 Sep 2024
Score: 5
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