fxglory137x66

Regulation FSC
Accepts US Clients: Yes
Min. Deposit: $1
Leverage: 3000:1
Platforms: MetaTrader 4
Overall rating: 4.48/5

Broker Overview

Company Information

Broker’s Name FXGLORY LTD
Website https://www.fxglory.com/
Headquartered in Tbilisi
Founded in 2011
Regulating Authority FSC
US Clients Accepted  Yes
Telephone Number 995514000000
Fax Number 995322432807
E-mail Address info@fxglory.com

Account Options

Type of Broker STP
Commission No
Mini Account  No
VIP Account  No
Segregated Account  No
Islamic Account (Swap Free)  Yes
Demo Account  Yes
Institutional Accounts  No
Managed Accounts  No
Maximum Leverage 3000:1
Minimum Deposit $1
Deposit Options Bank Wire Transfer , Cash-U , Credit Card , Neteller , OKPay , PayPal , QIWI , Skrill , Payza
Withdrawal Options Bank Wire Transfer , Cash-U , Credit Card , Neteller , OKPay , PayPal , QIWI , Skrill , Payza

Bonus & Rewards

No Deposit Bonus  No
Bonus for First Deposit  Yes
Is the Bonus Based on the Volume of the Transaction?  Yes
Other Bonuses  Yes

Trading Platform

Platform Type MetaTrader 4
Platform Languages English, Russian
OS Compatibility iOS , Windows , Android
Streaming News Feed  Yes
Trading Signals  Yes
Automated Trading  Yes
Trade From Charts  Yes
Market Commentary  Yes
E-mail Alerts  Yes
Mobile Alerts  Yes
Scalping  Yes
Hedging  Yes
Trailing Stops  Yes
Guaranteed Stop Loss  Yes
Guaranteed Limit Orders  Yes
Guaranteed Fills  Yes
Interest on Margin  No
One-Click Execution  Yes
OCO Orders  No

Customer Service

Customer Support Languages English, Russian
Customer Service Hours 24h
Place Trades Over the Phone?  Yes

FXGlory - Review

FXGlory

FXGlory.com Review

Established in 2011, FxGlory is a leading international online broker that is based in the United Arab Emirates (U.A.E) and regulated by the Department of Economic Development (DED) in Dubai. The broker also maintains branches in Tbilisi, Georgia and Plovdiv City, Bulgaria.

Although they are considered relatively new in the online trading industry, FxGlory is well known among traders as they had made it extremely easy for traders to open a trading account and trade with them. For example, their minimum deposit requirement is only $1/- and the leverage that they offered is the highest in the industry at 1:3000.

Trading Platform

For access to the financial markets, FxGlory offers their traders the use of the popular and robust MetaTrader 4 (MT4) platform. Sophisticated and yet versatile, the MT4 platform is fully equipped with all the necessary tools for traders to trade in the CFDs, forex and futures markets. Another great feature about the MT4 platform is the fact that it allow traders to create and configure their trading platform for automated trading with expert advisors (EAs). For their benefits of their traders, FxGlory has also supplied mobile versions of the MT4 platform so their traders are not restricted to just trading from their desktop computers.

 

Finally, trading at FxGlory is made simpler with the incorporation of “One Click Trading” into the MT4 platform. With this feature, traders can now execute their trades with the minimal amount of steps.

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Account Types

With respect to trading account types, FxGlory only provided two types of trading account, beginner accounts and professional accounts. Opening a live trading account is a simple process and requires only a token minimum deposit of $1/- (beginner account) to get the ball rolling. For traders wishing to trade based on Islamic Shariah principles, they can opt for the swap free account which doesn’t incur any rollover interest on overnight positions.

 

One thing about FxGlory which makes them stand out from all the other brokers in the industry is the ratio of the leverage that they offered to their traders. For trading accounts with less than $999 in deposits, traders can set their leverage level at 1:3000. With this astronomical level of leverage, FxGlory truly helped to create new opportunities for small scale traders.

 

As for funding the trading account, FxGlory also provided their traders with numerous options. Some of the options include:

  • CashU
  • LiqPay
  • MasterCard
  • NETELLER
  • OKPAY
  • PayPal
  • Payza
  • QIWI
  • Skrill
  • Visa Card
  • Wallet One
  • WebMoney
  • Wire Transfer

 

Commission & Spreads

With respect to the spreads payable, they are fixed and starts from 2 pips for majors like the EUR/USD. The good thing about fixed spreads is the fact that you always know how much the cost of your transactions would be without having to worry about volatile market conditions widening them.

 

Customer Support

Customer support at FxGlory is provided on a 24/5 basis. Getting in touch with the multi-lingual support team is easy as there are several ways of contacting them. Traders can request a call back or call the support team directly through live chat or the through the telephone. Alternatively, they can also email the support team for assistance.

 

Reliability

AS for the reliability of FxGlory, traders need not be unduly concerned as FxGlory is regulated by the Department of Economic Development (DED) of U.A.E. Since 2011, they have already expanded their business operations from the Middle East to cover Europe with the establishment of two satellite offices in Georgia and Bulgaria. With the current rate of expansion, we can expect to see more satellite offices popping up around the globe soon.

 

Pros

  • DED Regulated Broker
  • Extremely low minimum deposit of $1/-
  • High 1:3000 leverage ratio
  • Reliable MT4 Platform
  • Various Deposit Methods provided

 

Cons

  • Bonus for each deposit automatically
  • No alternative trading platform
  • No scalping
  • Only some EAs allowed

 

Conclusion

While FxGlory has only been around for the last 3 to 4 years, there is no denying the fact that it has grown rapidly. The company acknowledged that this rapid growth was largely due their philosophy of paying attention to what their clients’ needs are and serving them with professionalism.

With low cost start-up and a team of professionals on hand to provide high quality customer care, new traders should seriously consider signing up with FxGlory.