3.67 40 Reviews
3.67

FX Glory Review Summary

Generally, the broker offers fair and attractive trading rates on a variety of trading instruments, but with an excessive leverage ratio of up to 1:3000 and binary options that are often very contentious. This amount of leverage is known to be very volatile, considering that capital is sold at considerable risk, while gains and losses are compounded in a timely manner. There was several negative feedback and concerns from traders who had experience with FXGlory - the firm is known for scam operations, which clearly demonstrate cases of withdrawal delays or negligence of customers, as well as market price infringements. In addition, CONSOB gave a warning to FXGlory.

FX Glory Review Highlights

Trading Platform: MetaTrader4 desktop/mobile, WebTrader
Cryptocurrencies Yes
Regulator IFSA
Minimum Initial Deposit $500
Leverage 1:3000

Pros & Cons

Pros
  • Used by more than 10,000 traders
  • Founded in 2008
  • Control via the National Bank of Georgia
  • Min deposit $500
Cons
  • Does not allow hedging
  • Not governed by the FCA
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FxGlory brokerage is the only brokerage in the world to offer a leverage of 1:3000 for a low sum of money. They don’t charge clients for this service, though. The spread offered by the broker varies from 2 to 10. In addition, the transactions courtesy of clients are automatically connected to a bank. To mention some of the precious advantages, they may claim that there is a quick execution of trades and a minimum spread on trades. In addition, the company considers a big budget to offer incentives to all clients who deposit into their accounts. Another precious advantage of FxGlory is that they do not have a minimum sum to deposit and withdraw. This opportunity lets the client check out services with only a small amount of money. The broker does not charge taxes on income of its customers. Also, given that they accept most kinds of electronic money, the company has received a special welcome from American clients. With regard to the bonus, this incentive on depositing money helps reduce the margin and thus the trading risk for clients. This benefit comes from an enormous and limitless advertisement budget. In addition, they have other special provisions, such as a reduction in spreads and the account operated by a professional money manager for all clients who deposit more than $100,000 in their account.

In 2011, FxGlory was founded in the U.A.E’s Department of Economic Development. After one year of experience in Asia, FxGlory opened its new offices in some European countries. In order to extend the offerings, they have agreed to open new branches in other nations. They have recently opened a new office in Saint Vincent and the Grenadines with registration number 23463.

Generally, the broker offers fair and attractive trading rates on a variety of trading instruments, but with an excessive leverage ratio of up to 1:3000 and binary options that are often very contentious. This amount of leverage is known to be very volatile, considering that capital is sold at considerable risk, while gains and losses are compounded in a timely manner.

Apart from that, there were several negative feedbacks and concerns from traders who had experience with FXGlory, so the firm was known for scam operations, which clearly demonstrated cases of withdrawal delays or negligence of customers, as well as market price infringements. In addition, CONSOB gave a warning to FXGlory.

FX Glory Registration

Founded: 2011
Broker Type: Broker
Languages Supported: EN, ES, CS, ZH, DE, FR, IT, PL, PT, RO, SL, HI, HE, AR, RU
Trading Instruments: Forex trading, CFD trading, Spread Betting, Social
Account Types: N/A
Expert Advisors: Yes
Social Trading: Yes
Hedging: Yes
Scalping: Yes
Commission: N/A
Inactivity Fee: N/A
Swap-Free Account: Yes
Mobile Apps: Yes
Demo Account: Yes
Prohibited Countries: N/A
Trading Fees: Yes
Withdrawal Fees: Yes
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FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
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FX Glory Reviews

40 Reviews for FX Glory

  • Ing-Marie says:

    The commission rates are extremely competitive. The platform is outstanding. And the customer service, which was terrible, slow to respond, and even rude in a couple of interactions I had, has improved tremendously.

  • Yara M says:

    Amazing service. Excellent commission structure. Great platform choices . Thx

  • Kyle says:

    Reading the reviews the company sounds like a ponzi, and yes FX Glory you are regulated but doesn’t mean your not doing something shady by doing withdraws at 50$, sounds like your balancing your books, i’m now very sceptical about your business, look forward to your reply, thx

  • Jason M says:

    Huge problem with verification. Costumer service is just sending standard text again and again, impossible to know why I’m not beeing verified. Made me panic sell and lose money. Would not recommend this service to others!

  • Dobrion Mikonotis says:

    I am trying to withdraw money but the app asks for another method of payment other than to the account from which I used to pay in to etoro in case it doesn’t work. I haven’t heard of any of the other methods so chose wire transfer. But it won’t let me continue because it asks for an IBAN and SWIFT. I only have UK bank accounts so don’t think I have those details… what am I supposed to do to get my money out?

  • Aayan Aayan says:

    Dear sir, I have traded with you Live account twice, but reduced trading due to loosing too much. It is not your fault, I should have learnt more to be profitable. Customer support EXCELLENT. Dealing with accounts dept. very aggravating most of the time. I hope they improve, I will not close the account rather wait till I have more funds to put in the account.
    Many thanks for your help and support.

  • Seema Contin says:

    One of the best broker so far as long….. their support are too friendly….this the the best ever…!!!

  • Raul says:

    quick support and resolve quickly

  • Brexsiz says:

    Nice Customer Support!

  • Fund Huges says:

    I think you should have more than 1 futures month available at a time. Also, in contract specification, you should clearly have the last trading day, etc., information for the contract. I know it’s available elsewhere, but I shouldn’t have to track it down; it should be in the specification info.

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