FXGlory Account Types

FX Glory offers traders four account types. A Standard Account, Premium Account, VIP Account and a CIP Account. All of their accounts does not charge a commission fee.

Overall Rating

• 3.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

Not Regulated

Trading Platform

MT4, WebTrader

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our FXGloryAccount Types below.

FX Glory Account types – 10 key points quick overview:

1. FX Glory Overview
2. FX Glory Account Types
3. FX Glory Account Features
4. Islamic Account
5. FX Glory Demo Account
6. FX Glory Islamic Account
7. FX Glory Pros and Cons
8. FX Glory Customer Reviews
9. Conclusion
10. Frequently Asked Questions

The broker gives clients access to trading in forex and commodities. It does not hold a license from a respected regulatory body, which is a concern the safety of client funds cannot be guaranteed and limited legal channels will be available should one experience withdrawal issues or scam problems.

FX Glory Overview

FX Glory is an offshore broker that was founded in 2011. FX Glory Group Ltd is headquartered in Dubai but only registered offshore in Saint Vincent and the Grenadines.

The broker gives clients access to trading in forex and commodities. It does not hold a license from a respected regulatory body, which is a concern the safety of client funds cannot be guaranteed and limited legal channels will be available should one experience withdrawal issues or scam problems.

While headquartered in Dubai, FX Glory has offices in several locations, including Malaysia, Cyprus, Spain, and the United Kingdom. The broker also recently opened an office in Saint Vincent and the Grenadines.

The company was formed by a team of financial specialists, pursuing the provision of a better online trading experience with high leverage, zero commissions and rapid executions with use of the MetaTrader 4 trading platform and a WebTrader alternative.

FX Glory users have access to a handful of tradeable instruments, including 34 major, minor, and exotic forex pairs such as the GBP/USD and EUR/USD, popular cryptocurrency brands including Bitcoin and Ethereum, as well as oil and precious metals. In 2018, the broker stopped offering binary options trading and no stocks or indices are also available to trade.

FX Glory however provides a variety of additional features to support clients with making informed trading decisions. These features and tools include a knowledge base with articles and educational content, Forex news and market analysis, a glossary of trading terms and a margin calculator.

The educational content may though be primarily aimed at more experienced traders.

FX Glory Account Types

FX Glory offers four account types: Standard Accounts, Premium Accounts, VIP Accounts, CIP Accounts, and Islamic Accounts. Minimum deposits range from $1 to $50,000and all accounts offer zero commissions and instant executions.

FX Glory Account Features

Standard account

The Standard account is best suited to novice traders with a maximum position of 1 lot, leverage up to 1:3000 and a $1 minimum deposit. Standard account spread starts from 2 pips.

Premium Account

This account type is targeted at more experienced traders and need a higher minimum deposit to open, have more competitive spreads, plus it provides a free VPS. The Premium account has a minimum opening deposit of $1 000, a maximum leverage of 1:2000 and spread from 2 pips.

VIP Account

This type of account is targeted at more experienced traders that can afford higher minimum deposits, have more competitive spreads, plus a free VPS is provided. The VIP account can be opened with a minimum deposit of $5 000. A maximum of 1:300 leverage can be used and spread starts from 0.7 pips

CIP Account

The CIP account comes with a substantial minimum deposit of $50,000. The minimum trade size is 1 lot, and zero bonuses are paid, but it does offer the most competitive spreads. With a CIP account a maximum leverage of 1:50 can be used and spread starts from 0.1 pips

Islamic Account

FX Glory does offer traders who follow the Sharia law the option of an Islamic Account. Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases it is a standalone account with a separate application procedure.

FX Glory Demo Account

FX Glory offers traders the option to open a demo or practice account which can be utilized in several ways, including the following:

A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.

Traders who want to evaluate and compare brokers and would like to explore FX Glory’s trading conditions in a risk-free environment.

Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.

With an FX Glory demo account and a downloaded MT4 platform a trader can enjoy risk-free trading with fast executions while testing the MT4 platform, a new strategy, and the broker’s services. Traders must keep in mind that there is a reduced list of currency pairs available with the demo account.

FX Glory Islamic Account

The purpose of an Islamic Account is that it caters explicitly for Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which is seen as exploitive or wasteful.

Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.

Brokers offers an Islamic Account only to Muslim traders who follow the Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads and more.

Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.

Overall Rating

• 3.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

Not Regulated

Trading Platform

MT4, WebTrader

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

FX Glory Pros and Cons

FX Glory Customer Reviews

FxGlory Is A Good broker

I love FxGlory I’ve been using this broker for close to a year now and so far it’s been a good experience for me I make quick profits withdrawal regularly and the customer services is extremely helpful

super forex broker

fxglory is a super broker.nice support ,no commision in trading low speard in forex and oil trading.the only bad thing i see in here is it is taking more spread in metals trading.as a conclution fxglory is the best.also my favorite is 50% tradeable bonus.

Good trading strategy platform

Conclusion

FX Glory offers traders four account types. A Standard Account, Premium Account, VIP Account and a CIP Account. All of their accounts does not charge a commission fee.

You might also like: FXGlory Review

You might also like: FXGlory Demo Account – Step by Step

You might also like: FXGlory Fees and Spreads

You might also like: FXGlory Islamic Account Overview

You might also like: FXGlory Minimum Deposit

You might also like: FXGlory Sign up Bonus

Frequently Asked Questions

Can traders from South Africa open a FXGlory account?

Yes, South African traders are welcome to open a FXGlory account

What types of accounts does FXGlory have?

The FX Glory account types include a Standard account, Premium account, VIP account and CIP account

What is the leverage on the different FXGlory account types?

Leverage on FXGlory account types are as follow – Standard account – 1:3000 / Premium account – 1:2000 / VIP account – 1:300 and CIP account – 1:50

Which instruments can be traded with a FXGlory account?

Tradable instruments include Currency pairs, Precious metals (gold, silver, platinum and palladium) and Oil.

What is the minimum deposit for the FXGlory VIP account?

The minimum deposit for this account is $5000 / R86 817 ZAR