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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

4.5
/ 5

FxGlory review

Updated on Nov 6, 2024
|
14 mins read

Overview

There are many choices in the world of online brokers, highlighting the importance of researching and comparing what’s out there. Today, we’re looking at FXGlory, a global online...
See full overview for FxGlory
Countries
+181
Devices
Minimum deposit
$1
Withdrawal fee
$0
Deposit fee
$0
Max insured
$0
Our Verdict
4.5
/ 5
Commissions & Fees
4.5
/ 5
Deposit & Withdrawal
4.5
/ 5
Customer Support
4.5
/ 5
Account Opening
4.5
/ 5
Regulation & Safety
4.5
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • High Leverage Options

  • Low Initial Deposit Requirements

Cons

  • Lack of Proper Regulation

  • Withdrawal Issues

  • Poor Customer Support

  • Lack of Transparency

General details

Type of accounts
Demo accounts (with a time limit)
Standard Accounts
Swap free accounts
VIP accounts
Trading platforms
METATRADER 4
METATRADER 5
Execution Model
NDD
MM
Deposit currency
USD
Regulatory complience
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Arabic
German
Russian
Autotrading
FxGlory Copy Trading Myfxbook AutoTrade FxGlory AutoTrader MT4 EA MT5 EA FxGlory Trading Signals Zulutrade MQL.5 Signals Trading Central
Contact details
[email protected] +(44) 800 086 9296

Customer reviews

Read real reviews from traders all over the world:

R
Roman Diakiv
25 July 2023
Advantages: Excellent trading platform: FXGlory provides a user-friendly and efficient trading platform that is easy to navigate, making it suitable for both beginners and experienced traders.
Disadvantages: Limited educational resources: While FXGlory provides basic educational materials, more comprehensive resources could be beneficial, especially for novice traders.
I have been trading with FXGlory for over a year, and I am extremely satisfied with their services. The trading platform is stable and user-friendly, allowing me to execute trades efficiently. The competitive spreads and diverse trading instruments have enabled me to explore various trading strategies. The leverage options provided have also allowed me to manage my risk effectively.
B
Brad Avery
9 April 2023
Advantages: Instant execution
Disadvantages: Education
In my experience, fxglory is a reliable broker with fast execution and low spreads, even though they're unregulated. However, their educational resources could be more comprehensive. If you're looking for a solid broker, fxglory might be worth checking out.
See all 9 customers reviews

Accounts

Type of Trading Accounts on FXGlory

FXGlory offers four types of trading accounts to cater to the diverse needs of traders, from beginners to advanced traders. Each account has different minimum deposit requirements and features.

  • Standard Account: The Standard account is suitable for beginners who want to start trading with a low minimum deposit of $1. It offers fixed spreads starting from 2 pips and maximum leverage of 1:3000. This account type allows trading in Forex, commodities, and indices.
  • Premium Account: The Premium account is for traders who require better trading conditions than the Standard account. The minimum deposit requirement for the Premium account is $100. It offers fixed spreads starting from 1.5 pips and maximum leverage of 1:1000. This account type allows trading in Forex, commodities, indices, and cryptocurrencies.
  • VIP Account: The VIP account is for experienced traders who require superior trading conditions. The minimum deposit requirement for the VIP account is $5000. It offers fixed spreads starting from 0.7 pips and maximum leverage of 1:300. This account type allows trading in Forex, commodities, indices, and cryptocurrencies.
  • Demo Account: FXGlory offers a demo account for traders who want to practice trading without risking their real money. The demo account simulates the trading conditions of the Standard account, with a virtual balance of $50,000. It allows traders to try out the trading platform and practice their trading strategies before opening a live account.
Standard, Premium, VIP - FxGlory
Swap-free account
Availability of a VIP account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 4
Deposit currency
USD
Trading instruments
Forex
1:3000
1:3000
Binary Options
Stop Out
30%
Minimum position size
0.01 units
Maximum position size
1000 units
Execution type
instant
Spread type
Floating
Decimal places
5
Margin Call
50%
Locked Margin Level
50%
Commission
Not
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents

Tradable instruments

Tradable instruments on FXGlory trading platforms include:

Currencies
28
Commodities
3
Indices
2
Cryptocurrencies
7
Stocks
30

Frequently asked questions

Find the right answer to your question below.

Is FXGlory a reliable forex broker?

While FXGlory has been in business for a long time without major issues, its lack of regulation is concerning. Being unregulated, coupled with customer complaints, FXGlory is low on the list of recommendations for a reliable broker.

What are the main risks of trading with FXGlory?

There are several risks to be aware of with FXGlory. The first is the lack of proper regulation, which can pose a risk to investors. Customer support is another area where inadequate performance can cause issues for clients. Additionally, high-leverage options can be viewed as a risk, since they can lead to a significant loss.

How does FXGlory compare to other forex brokers?

FXGlory has years in the trading industry, and they have acquired a dedicated customer base in that time. Those who are pleased with FXGlory find no reason to leave and feel they compare well to other brokers. FXGlory does well with high leverage and low deposit requirements. However, when looking at performance across the board, there are other areas where they fall behind. Regulation, transparency, and customer service are a few examples. 

To help answer this question, consider reading our comparisons on FXGlory Vs Oanda, AvaTrade Vs FXGlory, and FXGlory Vs FBS.

Can I trust FXGlory's customer support?

The answer to this seems to be based on a case-by-case basis. There are plenty of FXGlory clients that have had positive customer support interactions and had their issues resolved quickly. However, for others, trusting FXGlory customer support is more of a gamble. Slow response time and a general lack of support are recurring concerns.

What should I do if I'm having issues withdrawing funds from FXGlory?

The first line of action when having withdrawal issues is to contact the FXGlory customer support team. While doing this, make sure to document everything and keep records. This should include all communications, transaction details, etc. If you don’t receive a satisfactory result, continue contacting them until you do. However, don’t be surprised if the withdrawal issue was due to a misunderstanding of FXGlory’s rules and policies.

FxGlory compared with alternative brokers

To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.

  • Overall verdict
  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
FxGlory
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • 4.5
    / 5
  • 4.5
    / 5
  • $1
  • 1:3000
  • 4.5
    / 5
  • $0
  • $0
  • 4.5
    / 5
  • No
  • No
  • See review
FxPro
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • High leverage
  • 4.8
    / 5
  • 4.9
    / 5
  • $100
  • 1:10000
  • 4.7
    / 5
  • $0
  • $0
  • 4.8
    / 5
  • FCA
  • Yes
  • See review
XM
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • 4.5
    / 5
  • 4.6
    / 5
  • $5
  • 1:888
  • 4.3
    / 5
  • $0
  • $0
  • 4.7
    / 5
  • ASIC, FSC, CYSEC
  • Yes
  • See review
NordFX
  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • 4.1
    / 5
  • 4.9
    / 5
  • $10
  • 1:1000
  • 4
    / 5
  • $0
  • $0
  • 4
    / 5
  • FSRA
  • Yes
  • See review
ACY.com
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • 4
    / 5
  • 3.7
    / 5
  • 50$
  • 1:500
  • 4.5
    / 5
  • $0
  • $0
  • 4.2
    / 5
  • ASIC
  • Yes
  • See review
  • 3.7
    / 5
  • 3.8
    / 5
  • $100
  • 1:400
  • 3.2
    / 5
  • $0
  • $0
  • 4.2
    / 5
  • ASIC, CBI
  • Yes
  • See review
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