FxGlory review 2021

FxGlory Group Ltd was founded in 2011 and is based in Dubai, with offices in Malaysia, Cyprus, Spain, and the United Kingdom. In addition, the broker recently established a branch in Saint Vincent and the Grenadines. FxGlory is not licensed by a respectable regulatory agency, which raises some questions about its safety.

The company was founded by a group of financial specialists, with the goal of providing a superior online trading experience through the MetaTrader 4 trading platform, with high leverage, zero commissions, and quick execution.

MetaTrader 4 trading platform.

FxGlory provides access to the MetaTrader 4 (MT4) platform as well as a WebTrader alternative. Because of its ease of use, comprehensive functionality, and customization choices, MT4 has been a huge hit. Its ease of use is ideal for new traders, and its advanced functionality guarantees, that it also caters to more experienced traders.

Platform features include:

• Nine time frames
• Three options for charting.
• Risk management tools
• Types of instant and pending orders
• Dozens of technical indicators
• Market for custom additional indicators

WebTrader

A web-based trading is also available from FxGlory. WebTrader eliminates the need for lengthy downloads or program installations, allowing you to trade right from your browser. It works on a variety of platforms, including Mac and PC. Almost all of the features of the downloaded platform are retained, including one-click trading, a built-in news feed, and multilingual support.

Markets

Users of FxGlory have access to a variety of tradable instruments. Trade GBP/USD and EUR/USD, among other major, minor, and exotic Forex pairings. Popular cryptocurrencies, such as Bitcoin and Ethereum, as well as oil and precious commodities, are also available.

The broker discontinued selling binary options in 2018. In addition, there are no stocks or indices to trade. FxGlory, along with the likes of FBS, TradersWay, and HotForex, is a complete failure.

Fees

Fixed spreads are available for all account types, however they are somewhat high when compared to those offered by other brokers. Spreads on popular currency pairings start at 2 pips for a basic account. Spreads start at 0.1 pips for CIP account holders. Fixed spreads, on the other hand, make it easier to budget for predicted commissions.

There is little information regarding any additional fees, so buyers should read the terms and conditions before joining to prevent being surprised.

Leverage

The leverage offered by FxGlory depends on the account type:

• Standard – 1: 3000
• Premium – 1: 2000
• VIP – 1: 300
• CIP – 1:50

FxGlory was one of the first retail brokers to offer such high leverage rates. But while 1: 3000 leverage may seem tempting, it significantly increases your risk of loss. Please note that a margin calculator is available at fxglory.com.

Mobile app

FxGlory has a mobile app that users can use to manage their accounts while on the road. The MT4 platform supports all types of trade orders and execution modes, and is available for download on iOS and Android devices. The layout is straightforward to navigate, and the login process is quick and simple, just like on the desktop version.

Payment Methods

FxGlory offers many flexible deposit and withdrawal options:

• Cryptocurrency – Bitcoin, Litecoin, Ethereum
• Credit and Debit Cards – Visa, MasterCard
• Electronic wallets – Skrill, Neteller
• Bank transfer
• PayPal

Although the majority of deposits are completed the same day, bank transfers might take up to seven days. New traders can participate because the minimum deposit is only $1.

Log into the system through the “Client Cabinet” tab and fill out the withdrawal request form to make a withdrawal with Fxlgory. Withdrawals are generally well received, with few difficulties reported.

Demo account

Download the MT4 platform and register your details to open a FxGlory demo account. Then you can trade risk-free and quickly by experimenting with the MT4 platform, new strategies, and broker services.

Please note that the sample account has a limited number of currency pairs accessible.

Bonuses

At the time of writing, FxGlory is giving a 50% deposit bonus to new customers. The incentive cannot exceed $1,000 and is only offered to real money traders. Simply click the bonus box when creating an account, and the bonus will be credited automatically when you make a deposit.

You can only use the deposit bonus once. Please see the Promotion tab on the FxGlory website for the complete bonus terms and restrictions.

Licensing

FxGlory is a company based in Saint Vincent and the Grenadines with the registration number 23463. It does not have a license from a respectable regulatory authority like the FCA or the CySEC. This is a cause for concern because we cannot guarantee the security of customer funds, and there will be limited legal options in the event of withdrawal complications or fraud.

Types of accounts

Standard, Premium, VIP, and CIP accounts are available at FxGlory.

The minimum deposit ranges from one dollar to fifty thousand dollars. Instant execution, zero conditions, and swap-free trading are available on all accounts.

With a maximum position of 1 lot, leverage up to 1: 3000, and a minimum investment of $ 1, the standard account is best suited for new traders. Premium and VIP accounts have greater minimum deposits, more competitive spreads, and a free VPS for more experienced traders. The CIP account has a $ 50,000 minimum deposit, a 1 lot minimum trade, and no bonuses, but it also has the best spreads. Customers must first register at fxglory.com in order to open a live account.  After registration, go to the login page on the “Client Cabinet” tab.

Trading hours

The FxGlory platform is available 24 hours a day, seven days a week, but some markets have trading hours that are restricted. The currency market opens at 5:00 p.m. ET on Sunday and closes at 5:00 p.m. ET on Friday. The trading account terms page on the broker’s website has more information about individual trading hours.

Support

FxGlory customer support is available 24/7 through:

• Phone – + (44) 322 473 800
• Email – info@fxglory.com

There is also a live chat feature, accessible by the chat logo in the lower right corner of the website. Customer support reviews are good, staff responds quickly to real server and platform requests