FxGlory Review

Overall FX Glory can be described as average risk and has an overall rating of 5 out of 10. FX Glory offers a maximum leverage ratio of 1:3000 with a minimum deposit amount of $1/R16.

FX Glory at a glance

Overall Rating

• 3.5/5

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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 FXChoice review below.

FX Glory Review – 18 key points quick overview:

1. FX Glory – Overview
2. FX Glory Safety and Security
3. FX Glory Sign-up Bonus
4. FX Glory Minimum Deposit
5. Step by step guide to deposit the minimum amount
6. FX Glory Account Types
7. FX Glory Account Features
8. FX Glory Demo Account
9. How to set up a Demo Account – Step by Step
10. FX Glory Trading platforms
11. FX Glory Fees and Spreads
12. FX Glory Customer Reviews
13. FX Glory vs FXGlobe vs XM – A Comparison
14. FX Glory Current Popularity Trend
15. Pro and cons
16. Conclusion  
17. Disclaimer
18. Frequently Asked Questions

Fxglory was first established in the Department of Economic Development of the UAE. It started to operate in Asia and then opened branches in Europe.

FX Glory – Overview

According to research in South Africa Fxglory is an English company founded in 2011 with headquarters in Dubai, UAE. Fxglory is an international forex and options broker that give traders the ability to trade currencies, stocks, indices and commodities. Today, its head office is in Beachmont Kingstown, St. Vincent and the Grenadines.

Fxglory was first established in the Department of Economic Development of the UAE. It started to operate in Asia and then opened branches in Europe. However, none of the branches are regulated or registered with any authority that oversees the Forex or financial investment services companies.

FX Glory Safety and Security

Fxglory is safe to trade, but it is an unregulated broker. The company is owned by FXGlory Ltd., which is an offshore company registered in St. Vincent and the Grenadine. St. Vincent and the Grenadines is disreputable for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading.

FX Glory Sign-up Bonus

FX Glory may offer specific bonuses of up to $1000 with sign-up, also called a deposit bonus. New traders who register a real account with a broker may receive a sign-up bonus, a deposit bonus, or a welcome bonus.

The broker advertises a 50% bonus for you every time a trader makes a deposit, to a maximum of $1000. The deposit bonus can only be redeemed once. The offer is available to real-money traders only and traders must check the bonus box when they open an account. The bonus will automatically be credited when they make a deposit.

Brokers usually offer this kind of bonus to new traders to draw more customers and to encourage trading activities. Offering a deposit or welcome bonus gives traders some money back depending on the initial deposit made.

Even if a trader does not receive a no deposit bonus, or any other bonuses or rewards, trading conditions are still attractive enough to encourage traders to register a real account.

FX Glory Minimum Deposit

FX Glory has a minimum deposit requirement of only $1. This minimum deposit amount was equivalent to ZAR 14 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.

The Premium account has a minimum opening deposit of $1 000, The VIP account can be opened with a minimum deposit of $5 000 and the CIP account comes with a minimum deposit of $50,000.

Step by step guide to deposit the minimum amount

Traders can fund their accounts by sending the funds to one of the FX Glory segregated client accounts from their own bank account or execute the option to deposit the minimum amount from their personal area after a live trading account was registered and had been approved.

Traders then log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must make sure that they select the correct deposit currency if there is a choice available.

Funds must be transferred in the same currency as the bank account which they are sending it to, to prevent currency conversion fees being charged. Most deposits are processed the same day, but wire transfers can take up to seven days.

 Step 1 – Log into your account

Log into the accounts area on the broker’s website.

 Step 2 – Select the option to Deposit

Select the option to deposit funds on your dashboard.

 Step 3 – Select a deposit method

Select your preferred deposit method.

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 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

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.

How to set up a Demo Account – Step by Step

To register for, and set up a demo account with FX Glory, traders must visit the website and follow the simple steps. New accounts are applied for online and processed according to established industry standards.

You can open live account or demo account (also called practice account) from start to finish on the FX Glory website and choose to open a demo account first. Brokers usually require an e-mail and password to complete the initial step and if more than one currency can be used, traders must select their preferred account currency.

FX Glory accounts can be opened in USD. An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step. Note that this ‘Know Your Client (KYC) process, may only be necessary once you decide to move forward and work with real money.

 Follow these steps to open an account:

 Step 1 : Download MT4

After that, run the MT4 program and go to the “File” menu. You will see “Open an Account”, click on it.

 Step 2 : Fill in the form

Fill in the form with the required details and click on the “Next” button

 Step 3 : You will be provided with a password

You will have your demo account username and password and you can start trading.

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 Trading platforms

The forex trading platform provided by Fxglory to its clients is the software to carry out their trades. Some brokers provide only one, others quite a few platforms. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

Fxglory provides two trading platforms:

MetaTrader4

WebTrader

MT4 is supported for desktop, web, Android and iPhones. It is a popular platform among traders and brokers due to its reliability and speed. The key feature of the MT4 trading platform is its ability to support automated trading. Users of the MT4 trading platform can use EAs to help them automate their trading activities.

FX Glory Fees and Spreads

FX Glory’s spreads on EUR/USD start from 2 pips. Fees, spreads, and commissions that traders can expect on the company’s spread list when trading with FX Glory is as follows:

Fixed spreads are available across all account types but are high compared to other brokers With the Standard account, spreads start from 2 pips on major forex pairs. For a CIP account, spreads start at 0.1 pips. The fixed spreads make it easier to budget for expected fees and no commissions are charged

Cryptocurrency

 Trade leading cryptocurrencies, including Bitcoin

 Spread Variable

Forex

 Trade forex pairs with up to 1:3000 leverage

 GBPUSD Spread 3

 EURUSD Spread 2

 EURGBP Spread 2

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

FX Glory vs FXGlobe vs XM – A Comparison

FX Glory Current Popularity Trend

As According to Google Trends, here is an overview of how frequently the search term – “FX Glory” is entered into Google’s search engine over a given period of time.

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

Conclusion  

Fxglory is not a regulated broker which makes it a risky broker to trade with. It offers an exceptionally high leverage of 1:3000. One must be extremely careful when utilizing such a high leverage ratio as it can also multiply your trading losses many times over what you originally invested.

It does offer the globally renown MetaTrader4 platform, which is a plus, but the lack of educational and research tools is a draw-back.

Disclaimer

Huge profit or loss is tangible in volatility time of the market for trades. Losses are common for Forex traders, so a proper risk management will be a key to success in forex trading and it gives you a great opportunity to be stable in the Forex market.

Fxglory provides traders with developed risk management tools and up-to-date technologies to control their risks and losses.

For profitable trading, traders must be able to realize risks in each transaction. The risk identification will save your capital and multiply it as well, according to research in South Africa.

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

You might also like: FXGlory Account Types Overview

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

What is the overall rating out of 10 for FXGlory?

The overall rating is 7/10

Where is the headquarters of FXGlory?

The headquarters of FXGlory is located in Dubai.

Is FXGlory a regulated broker?

No, FXGlory is not a regulated broker

Which platforms are supported by FXGlory?

FXGlory supports the Metatrader 4 and Web Trader

Does FXGlory have a demo account option?

Yes, a demo account option is available from FXGlory