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FxGlory review and ratings

Established 2011
Location Saint Vincent and the Grenadines
Regulation None
Offices Kingstown, Dubai
Broker type MM
Leverage up to 1:3000
Deposit from 1 USD
Spreads mid  mid
Platforms Web MetaTrader 4
Instruments Currencies Metals Energies
Funding methods Wire Transfer Credit Cards PayPal Skrill Neteller WebMoney Perfect Money Payza Bitcoin Ethereum Liteсoin Ripple Epay SticPay

Company information

FxGlory is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.

Availability

FxGlory accepts clients from all over the world, excluding some jurisdictions where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

40+ Currency Pairs Based on major and minor world currencies.
8 Metal Spot CFDs Based on Gold, Silver, Platinum and Palladium.
1 Energy Future Based on Crude Oil (WTI).

Comprehensive review

FxGlory is an offshore brokerage registered in Saint Vincent and the Grenadines, a place known as a popular jurisdiction for online forex and CFD brokers. Although it is properly registered, the company behind the broker, GxGlory Ltd, is not regulated by any financial regulator, and it is therefore largely a matter of trust between you and the broker whether you should trade with this broker or not.

Although unregulated brokers sometimes offer certain benefits such as a hassle-free registration and verification process, and higher trading leverage, it’s important to be aware that that they do not offer the same level of security and investor protection as regulated brokers do in the event the company becomes insolvent or a dispute occurs between the broker and the trader.

With that said, however, we have not heard any complaints about this broker, and we therefore have no reason to question the integrity of this broker in particular.

With FxGlory, customer support is offered through email and live chat, available in English, Russian, Arabic, and German. This is a nice additional offering that we are sure traders from around the world will appreciate. In addition, phone support is offered via local phone numbers in Malaysia, Cyprus, the United Kingdom, the United States, and Switzerland.

FxGlory further offers a wide selection of trading instruments, including major, minor, and exotic currency pairs, CFDs on all four precious metals (gold, silver, platinum, and palladium), as well as energies.

Three account types are available for traders to choose from FxGlory, including:
– Standard Account – 1 USD minimum deposit and >2 pips spreads
– Premium Account – 1,000 USD minimum deposit and >2 pips spreads
– VIP Account – 5,000 USD minimum deposit and >0.7 pips spreads and free VPS

All account types from FxGlory comes with fixed spreads and commission-free trading. The cost of trading on FxGlory is mid-range among online forex brokers, and there are definitely other brokers that offer tighter spreads on the most popular trading instruments. However, FxGlory does offer significant leverage of up to 1:3,000, which some traders may find so valuable that it justifies paying for the wider spreads.

FxGlory is another MetaTrader-only broker, offering its clients the downloadable desktop version of the MetaTrader 4 (MT4), as well as web-based and mobile versions of the same platform.

Deposits and withdrawals to FxGlory can be made with either bank transfer, credit and debit cards, or a variety of online money transfer services. We also appreciate that this broker accepts cryptocurrency deposits in the major cryptocurrencies Bitcoin, Ethereum, Litecoin, and Ripple XRP.

Make sure to check the box called “Bonus” when depositing money after logging in to the “Client cabinet,” in order to collect a 50% deposit bonus. The deposit bonus should be added to the account balance instantly, and is withdrawable. However, make sure to read the fine print on the website, as there are a number of terms and conditions that apply to the use of the bonus amount.

A nice additional benefit of this broker is the large library of forex market analyses it has made available online. Several currency pairs that are in focus on any given day are analyzed in detail and published on a daily basis, which could certainly give some traders the inspiration they need to take their trading to the next level.

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