FXGlory Company was established in 2011 in United Arab Emirates and transferred most of its representative and technical department to Georgia in 2012. The broker offers forex trading services with competitive spreads and high speed executions.
The broker offers currently the highest leverage you could find among forex brokers of 1:3,000.
FxGlory website is only in English, however customer support handles several languages including English, German, Russian, Arabic and Italian.
VIP traders receive many attractive perks such as personal manager, reduced spreads from 0.5-1.5 pips, daily market signals, 9-25% annual interest on free margin and managed account with low fee.
Scalping, hedging and expert advisors are allowed.
All together you have an access to 34 currency pairs.
Demo account offers risk-free environment for new traders to get accustomed with the trading platform and practice strategies. Demo account is limited to 30 days.
Standard Account provides competitive conditions with minimum position size of 0.01 lot, fixed spreads starting from 2 pips on major currency pairs such ash EURUSD.
Swap free (Islamic) accounts are available for traders who cannot receive swaps due to their religious believes.
VPS accounts can be obtained for free with deposits higher than $1,000.
The quotes are presented with 5 digits after the dot.
Based on FxGlory review, the broker offers downloadable MetaTrader 4 trading platform, one of the largest and most well-known forex, CFDs and futures trading platform today. The platform provides wide range of tools, resources and charting capabilities to be able to analyze the market and make logical decisions. Automated trading is possible with large selection of Expert Advisors. With more than 50 built-in indicators, the platform is a powerful link to the currency market.
MetaTrader 4 Mobile Platform
Stay on top of your trading activities with the mobile version of the platform. All the features and tools of the desk top MetaTrader 4 is available in this version and you can analyze, execute all types of orders and perform trading operations anytime anywhere.
FxGlory accepts payments and processes withdrawals via Paypal and Credit/Debit cards. With minimum deposit requirement of just $1, there is no minimum on withdrawal amount. You can deposit and withdraw the funds in a fast and efficient manner.
Currently FxGlory runs 50% bonus for each deposit up to $1,000. Please go over the bonus terms and conditions before you agree to receive it. In order to withdraw each $1.5 of the bonus, for example, you need to trade 1 standard lot. There is also an unusual requirement of minimum 6 trades after the last deposit with minimum “intervals” of "50% of the largest trade volume time" with this condition which "all of the trades’ volume” must be more than “30% of the largest trade volume”. Honestly, we were unable to understand what that actually means!
The broker is regulated by Department of Economic Development in Dubai(DED), registration number 662938. DED is responsible for business registration, licensing and commercial protection with several sub-agencies working with export, retail, entrepreneurship development and foreign investment.
FxGlory has 2 representative offices, one of which is in Dubai but doesn’t provide customer support, while the other is in Georgia. Beside the offices, you can get in touch with the broker via phone, email and online chat in multiple languages.