FxGlory Review

FxGlory Ratings at a Glance

FxGlory Product Offering

FXGlory offers traders access to an impressive collection of tradable instruments, including 34 forex pairs, ranging from exotic to minor and major pairs, such as GBP/USD and EUR/USD. Popular cryptocurrencies like Bitcoin and Ethereum are also accessible. In addition, you can trade commodities like gold, silver, platinum and palladium. The forex broker provides multiple account options, including Standard, Premium and VIP. These account types have different leverages and spreads that suit the needs of diverse traders. All the account types offer instant executions, zero commission and swap-free trading conditions.

The Standard account is tailored for novice traders and offers a maximum position of 1 lot (with a minimum of 0.01), leverage of up to 1:3000, a minimum deposit requirement of just $1 and a maximum position of 20. Spread starts from 2 pips, and you can enjoy up to a 50% deposit bonus with a maximum bonus of a $500 tradable bonus, which can even be used on drawdowns—a unique feature that is not found with other fore brokers. The Premium and VIP accounts target more experienced traders with higher minimum deposits of $1,000 and $5,000, respectively. Additionally, they provide more competitive spreads, with the Premium starting from 1.5 pips and the VIP accounts from just 0.7 pips. 

The minimum and maximum lot sizes for the Premium are 0.1 and 10, respectively, with a maximum position of 100 and leverage up to 1:2000. And similar to the Standard account, you can access up to 50% deposit bonus with a maximum bonus amount of $1,000. The VIP account offers similar minimum lot sizes to the Premium account. However, it allows for significantly higher maximum lot sizes and positions, with limits of 1,000. The leverage is up to 1:300, and traders can enjoy a 40% deposit bonus with a maximum bonus of $2,000. 

Also, all account types can request free VPS. 

Trading Platform 

FXGlory provides multi-forex trading platforms to meet the trading needs of traders with varying experience. These include the MT4 and MT5 terminals, along with WebTrader. These platforms grant access to advanced charts, enabling traders to make informed decisions and gain a competitive advantage in the forex market. Additionally, these platforms offer essential tools and resources for analyzing the price dynamics of financial instruments, executing trade transactions and creating or utilizing automated trading programs known as Expert Advisors (EAs).

MT4 is renowned for its simplicity, user-friendliness and customization options. It boasts multiple timeframes, customizable indicators, advanced charting, rich historical data, automated trading via API and one-click trading. MT5 represents the cutting-edge evolution of MT4 and is best suited for established multi-asset traders. Its advanced technical analysis tools and fully customizable interface render it a powerful and versatile platform for various trading needs. MT5 boasts an expanded range of timeframes (21 compared to MT4's 9), level 2 pricing, a live news feed, sophisticated charting features with numerous indicators, an integrated economic calendar and market depth. 

It supports netting and hedging account modes, providing comprehensive tools for traders. The MT4/MT5 is easily downloadable on Mac and Windows computers. FXGlory also provides a web-based trading platform, the WebTrader, which allows you to trade directly via a browser. The WebTrader is compatible with various devices, including Mac and PC, and retains nearly all the features of the downloadable platform, such as one-click trading, a built-in news feed, and multilingual support for a versatile trading experience. 

Demo Account 

FXGlory provides a demo account that serves as a risk-free practice platform for traders to develop and evaluate their strategies, become familiar with trading tools and gain confidence in trading. Besides allowing traders to test strategies and explore various financial markets without using real money, the demo account lets you assess FXGlory and its services before committing to live trading. Remember that the demo account offers limited currency pairs compared to the live account.  

Mobile App

FxGlory offers a user-friendly mobile app, enabling traders to conveniently manage their accounts and execute trades regardless of location and time. With the mobile app, you can instantly execute orders while staying informed with real-time market updates and insight. The mobile platform is accessible for download on iOS and Android devices, and it accommodates all trade order types and execution modes. Like the desktop version, the mobile interface is user-friendly, and the login process is quick and straightforward.

Educational Tools and Other Features 

FXGlory offers a generous collection of insightful articles and educational content on forex via its knowledge base. The available material caters to both beginners looking to learn the basics and experienced traders aiming to enhance their skills or boost their trading strategies. The forex broker offers a variety of additional features and tools to aid clients in making well-informed trading decisions. 

These tools include market analysis and forex news to keep traders updated with global market trends, a margin calculator used to determine the margin required to open and maintain a position in a financial market and a glossary of trading terms.

You can also check out their YouTube channel, which is updated frequently with information on both the FXGlory platform and the forex markets in general.

FXGlory offers responsive customer support via multiple channels, including phone, email and live chat. The live chat channel is available 24/7 and provides the most effective means of accessing immediate assistance anytime. You can access it by clicking the chat logo on the bottom right of the website. However, if you prefer direct interaction with the customer service representative, you can use the phone support. The specific phone number to call varies depending on your location. FXGlory provides different phone numbers for various countries on its contact page. The response time for the live chat and phone support is generally under three minutes, and the customer service representatives are professional and proficient in managing inquiries. 

For less urgent inquiries or matters requiring detailed explanations, you can contact the support team via email or fill in the online ticketing form on the contact page. You can find answers to frequently asked technical questions through the knowledge base, which offers a collection of thoughtfully written articles for quick access to the information you're seeking. You can search by keywords to quickly locate relevant content. FXGlory is present on major social networking platforms, such as Facebook, X (formerly Twitter), YouTube (@FxGloryltd), and Instagram. These channels offer an alternative way to interact with the support team and the trading community, enabling knowledge sharing and learning. However, it appears that FXGlory may not be very active on some of these platforms.

For example, the company's last X and Facebook posts were in 2018 and 2022, respectively. This indicates inactivity, which you must consider before contacting the company via these means. 

Although FXGlory is not a regulated forex broker, the company takes adequate steps to protect client funds and personally identifiable information. The company maintains a stringent segregation policy between client funds and its assets, ensuring that all client funds are securely held in separate bank accounts. This essential safeguard guarantees the security of your hard-earned money, keeping it separate from the company's assets and providing peace of mind. FXGlory stands out as a well-organized and highly capitalized brokerage entity operating in close collaboration with reputable financial institutions.

The company's commitment to transparency is evident in the market conditions it offers, which feature fast, high-quality order execution at the most competitive prices, effectively eliminating delays, slippage or re-quotes. It provides a comprehensive and cutting-edge risk management system that empowers traders to readily identify and evaluate risks in individual transactions, ultimately safeguarding their capital. Additionally, FXGlory carries out regular internal and external audits to guarantee the precision of its financial records, thereby further fortifying the security of client's funds. To protect user's data, the company employs robust 256-bit SSL encryption across its website.

It uses HTTPS data encryption protocol for client profiles, ensuring secure data transfers between the client and the server. The trading platform is continuously updated to guarantee the highest level of security and protection against the constantly evolving landscape of cyber threats. Users also have the option to implement two-factor authentication (2FA) to enhance their account security further. Additional security measures include regular penetration testing, enhanced user authentication, real-time monitoring and alerts and strict access controls. 

FXGlory doesn't share or sell users' data to a third party except with the user's consent or in compliance with existing legal requirements. You can review the company's privacy policies to understand better how the company manages your data.

FXGlory offers varying minimum deposits across its four account types to accommodate traders with different capitalization levels. There’s a $1 minimum deposit for the Standard account. A 50% tradable deposit bonus is available for the Standard and Premium accounts, with a maximum bonus of $500 and $1,000. VIP account holders enjoy a 40% deposit bonus with a maximum bonus of $2,000. 

Zero commission and fixed spreads are uniform across all account types, with 2 pips for major forex pairs in the Standard account. Fixed spreads simplify the budgeting process for anticipated fees. Available leverages also vary across the four account types, with up to 1:3000 available for the Standard account. Keep in mind that higher leverage significantly increases the risk of losses. All FxGlory accounts are Islamic and are swap-free.

The forex broker provides multiple deposit and withdrawal options, including cryptocurrencies like BTC and ETH, credit and debit cards like Visa and Mastercard, eWallets like Skrill and Neteller and bank wire transfers. There's no applicable deposit fee, and when you deposit via cryptocurrency, you get a 10% deposit bonus. While most deposits are processed on the same day, wire transfers may take up to seven days to complete. To withdraw money, log in via the Client Cabinet tab and fill in the withdrawal request form. A withdrawal fee is applicable and varies for various methods. There is little information regarding additional fees, so be sure to review the terms and conditions before signing up.

FXGlory offers an excellent user experience by providing both beginners and experienced traders with easy access to the forex market through its multiple account types and diverse range of tradable instruments. Traders can choose between the advanced MT5 platform or the user-friendly MT4 platform for their trading activities, and they can also use the web platform. The availability of a mobile app for on-the-go trading enhances the overall user experience. The platform's simplicity and intuitive interface ensure you can navigate and execute trades efficiently without feeling overwhelmed. 

Signup is hassle-free and takes little time. The company provides a flexible range of deposit and withdrawal options with varying deposit bonuses for different account types. Additional features like margin calculators, forex news and knowledge base further enrich the user experience by providing valuable resources and opportunities for beginners and expert traders. The broker offers highly efficient customer service across various channels. And despite not being regulated by renowned financial regulators, FXGlory takes adequate measures to guarantee the protection of clients' funds and data. Benzinga considers this forex broker recommendable. 

FXGlory vs. Competitors

FXGlory has a few competitors, including Admiral Market and FP Markets. Like FXGlory, these brokers enable beginners and experienced traders to seamlessly access the financial market and trade diverse financial instruments, including forex, commodities and cryptocurrency. However, unlike FXGlory, these forex brokers offer additional tradable instruments such as CFDs, bonds, ETFs, indices and shares and are well-regulated across multiple jurisdictions. FXGlory's core competitive advantages are its low minimum deposit (as low as $1 for the Standard account compared to $100 for both FP Market and Admiral Market), fixed spread and high leverage across its multiple account types. Its impressive tradable deposit bonuses are also a key selling point. In addition, FXGlory offers free VPS for all account types. 

FXGlory offers low minimum deposit with impressive deposit bonuses, making it ideal for beginners and undercapitalized traders seeking a simplified, secured and fixed-spread forex broker that'll enable them to seamlessly access the market. Suppose you're such a type of trader. In that case, you'll also find the MT4 trading platform the company provides highly valuable because of its beginner-friendly features that facilitate hassle-free market analysis and trade execution. However, experienced traders requiring more robust trading platforms will also find the MT5 platform helpful. However, FXGlory offers limited tradable assets, and the fixed spreads are relatively high compared to other brokers. Traders can choose the account type that best suits their needs from the four available options, and despite its offshore status, FXGlory remains a force to reckon with in the FX market. 

Frequently Asked Questions