Servicing the trading community for almost a decade, Fxglory is a worldwide brokerage brand that offers a large basket of currency pairs, stocks, shares, and commodities in favorable terms and trading conditions.
Find out Fxglory’s trading features and technologies and how to capitalize on them by reading this broker review in full.
Fxglory Background & Safety
Fxglory is a UAE-based firm founded in 2011. Fxglory spent its first year of brokerage service in Asia. After that, it opened several sites in the European region. From there, the broker continued with its expansion and is now known as one of the largest brokerage services in the world.
The broker’s office in Saint Vincent & the Grenadines was the most recent addition to its global sites. Unfortunately, Fxglory is lacking international recognition in terms of regulatory licenses. This is a major concern for traders looking for a safe broker, complying with standards and rules set by financial regulatory bodies.
In this regard, Fxbroker affords to offer market-leading leverage levels. In fact, the broker is among the top brokers to offer the highest leverage to traders in the entire brokerage community worldwide. Apart from high leverages, Fxglory also offers enticing promotions including a 50% deposit bonus.
As the firm was established with a goal of providing a unique trading system and environment to its clients, Fxglory offerings are beyond the standard as it features Introducing Broker and White Label programs. As an innovative firm, Fxglory thrives in giving its clients daily technical analysis and excellent 24/5 customer support with professional and technical staff providing solutions and consultation services to its clients.
To sustain its level of serviceability to its clients, Fxglory continues to develop its trading services by introducing new financial products and trading instruments.
Fxglory Features & Fees
Financial Instruments
Fxglory offers an array of financial instruments from different financial markets including major and exotic currency pairs in forex; gold, silver, platinum, and palladium offerings for precious metals; and oil trading.
Account Types
Fx glory offers a set of viable trading accounts with common and distinct trading conditions and tools. Familiarize yourself with the following Fxglory account types:
Standard – using this account type gives you the opportunity to set your leverage as you access fixed spreads and deposit a trading capital convenient for you.
Premium – getting this account type requires you to deposit a minimum of $1,000 for the initial funding. However, the succeeding deposits can be lower than the initial, basically the same as the Standard account.
VIP – the same scheme goes for this account type as users need to deposit a minimum amount of $5,000 to get access to VIP trading terms while succeeding deposits have no minimum amount requirement.
All account types have access to instant and market execution, fixed spreads, swap-free, and no deposit charges. Also, all account types are provided with access to 24/7 live support and online educational materials.
Funding Methods
Fxglory provides a number of options for its clients to fund their trading accounts. Some of them are SticPay, American Express, Perfect Money, cryptocurrency (Bitcoin, Ripple, Litecoin, Ehtereum), EPay, WebMoney, Mastercard, Visa, Wire Transfer, Skrill, Neteller, and PayPal.
Users are reminded to use the same method they used for depositing when they request for withdrawals. The processing time varies from one payment method to another.
Fxglory Trading Platforms & Tools
The broker features the market popular MetaTrader 4 as its trading platform. Using this platform, servers are powered with 128-encryption for the security of trade transactions. It also supports all order types and market execution. The platform also features automated trading functionality with the help of Expert Advisors.
MT4 is also equipped with technical analysis tools including technical indicators, analytical tools, advanced charts, and multiple timeframes. MT4 comes in desktop and mobile app versions. The mobile app version is downloadable in both iOS and Android devices.
The broker also sports a WebTrader. The Fxglory WebTrader features instant trading and pending orders, one-click trading, more than 30 tradable forex pairs, a customizable trading environment, and multiple language support.
Fxglory also provides traders with economic calendar, margin calculator, and one-click trading functionality.
Bottom Line
Being an offshore broker, Fxglory lacks a reputable regulatory credential. The high spreads are also another concern even if they don’t have commissions. While its platform offering comes standard, Fxglory displays no distinctive trading advantage as its high leverage offering is also risky.
