Reviewed broker: FXGlory
Established in 2011
Location: established in United Arab Emirates and transferred to Georgia since 2012. Fxglory currently has offices in two countries in Georgia and Bulgaria.
Regulation: no. Supervised by BOG (Bank of Georgia)
USA traders: allowed
Supported Countries
FXGlory supports traders from various countries around the world. While the broker’s services are available to traders globally, there are a few countries where FXGlory is not authorized to operate due to local regulations. These countries include the United States, Japan, North Korea, Iran, Myanmar, Cuba, Sudan, and Syria.
FXGlory offers support for multiple languages, making it easier for traders to access the broker’s services in their preferred language. Additionally, FXGlory offers a variety of payment options, including bank wire transfers, credit/debit cards, and e-wallets, making it easier for traders to deposit and withdraw funds from their accounts.
FXGlory is an ideal choice for traders from countries where the broker is authorized to operate.
Why would traders want to choose Fxglory?
Fxglory marks itself as reputable company with good customer support, intuitive website, useful trading tools an reliable execution. Let’s do our best to confirm these claims.
The registration is Easy and you can start trading with FXglory in minutes
You can easily and rapidly start trading with Fxglory. The registration process takes a few minutes and the initial deposit can be 1 USD which lets anyone to become a Forex market trader.
Trading platforms
Metatrader 4
Fxglory offers MetaTrader 4 platform equipped for financial markets (Forex, CFD and Futures) with advanced tools and resources to analyze price dynamics of financial instruments, make the trade transactions, create and use automated trading programs (Expert Advisors).
Trading Instruments and Tools
Fxglory provides wide set of tools such as margin calculator, Fibonacci calculator, currency convertor, charts, quotes, market news with a profitable and convenient conditions in trading:
- a large list of currency pairs and cross-rates;
- shares of well-known companies: Coca-Cola, Walt Disney, McDonalds, etc;
- precious metals – gold, silver, platinum, palladium;
- oil and natural gas.
Maximum leverage up to 1:3,000
Types of Accounts and Their Features
FXGlory offers beginner traders the option to test the forex market through a demo account. Although the website gives information on the advantages of a demo account it does not indicate what the balance of virtual money is. The demo account with FXGlory is free and can be used for a period of 60 days.
The following live accounts can be opened:
Standard account
1:3000 leverage and spread from 2 pips
Premium account
1:2000 leverage and spread from 2 pips
VIP account
1:300 leverage and spread from 0.7 pips
CIP account
1:50 leverage and spread from 0.1 pips
In all accounts, you can find instant and market execution and the fixed spreads remain the same for both regardless of the underlying market conditions. With a fixed spread account, you can manage your trading costs much more effectively as this allows you to know exactly how many pips you must make on trade to gain profit.
All accounts can also be opened as swap-free accounts. The process to open an account with FXGlory can be started from links on the company homepage. New clients need to fill in the registration form and submit it.
As soon as you are verified you choose to open one of the three account types and once you have made a deposit you can begin to trade. Deposits into a trading account can only be made in USD using several payment methods.v
Demo account: yes
Advantages of a demo account
- Learning about MetaTrader 4 Platform
- No need to fund your account
- No risk
- Live market trading
- Using different analysis tools
- Examining different trading strategies
- Examining the quality of broker services
- Fast and secure executions
Islamic swap-free account: available
Scalping: allowed
Hedging allowed
Minimum trade size: 0.01 lot
Account types: standard, premium, VIP
Trading platforms: Metatrader 4, Webtrader
Margin call level: 50%
Stop out level: 30%
Spread types: fixed
Spreads start from 2 pips
Trading signals: yes
Automated trading: yes
VPS services: free for deposits $500 and higher
VIP services: reduced spreads, personal account manager, managed account with low commissions
Educational materials: yes
Segregated accounts for client funds: yes
Expert advisors: allowed
One click trading: yes
Currency pairs: 34
Payment options
Payment methods: cash-u, credit cards, neteller, okpay, paypal, patza, qiwi, skrill, wire transfer
Minimum deposit requirement: $1
Customer representative and online assistance
Fxglory provides its clients with 24/5 online support covering with technical support team to give solutions and consultation service, always accessible for help and guidance.
FXGlory Trading Education and Training
FXGlory offers a range of trading education and training resources for traders of all levels, from beginners to experienced traders looking to enhance their skills. These resources include:
- Educational articles: FXGlory offers a vast library of educational articles that cover a range of topics related to trading, including technical analysis, fundamental analysis, trading strategies, and more.
- Video tutorials: The broker provides video tutorials covering various topics related to forex and CFD trading, including platform tutorials, trading strategies, and market analysis.
- Webinars: FXGlory also regularly hosts webinars that cover different topics related to trading. These webinars are conducted by experienced traders and experts in the field and provide valuable insights and trading tips.
- Trading courses: The broker offers trading courses designed to help traders develop their skills and improve their trading performance. These courses cover a range of topics and are suitable for traders of all levels.
- Trading signals: FXGlory provides free trading signals to its clients. These signals are generated by experienced traders and are designed to help traders make informed trading decisions.
How was the rating of FXglory performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FXglory FX broker performance and features.
Overall our online FXglory review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online FXglory or you find inaccurate details FXglory broker review please get in touch with us and the changes will be applied.
