Accepts US Clients: Yes
Min. Deposit: $1
Platforms: MetaTrader 4
Overall rating: 4.48/5
|Type of Broker||STP|
|Islamic Account (Swap Free)|
|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|
|Bonus for First Deposit|
|Is the Bonus Based on the Volume of the Transaction?|
|Platform Type||MetaTrader 4|
|Platform Languages||English, Russian|
|OS Compatibility||iOS , Windows , Android|
|Streaming News Feed|
|Trade From Charts|
|Guaranteed Stop Loss|
|Guaranteed Limit Orders|
|Interest on Margin|
|Customer Support Languages||English, Russian|
|Customer Service Hours||24h|
|Place Trades Over the Phone?|
FXGlory - 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.
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.
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:
- Visa Card
- Wallet One
- 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 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.
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.
- DED Regulated Broker
- Extremely low minimum deposit of $1/-
- High 1:3000 leverage ratio
- Reliable MT4 Platform
- Various Deposit Methods provided
- Bonus for each deposit automatically
- No alternative trading platform
- No scalping
- Only some EAs allowed
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.