FxGlory is a forex broker which is not authorized and regulated by strict regulatory entities since it is an offshore company. It does, however, keep client funds in a segregated account. In complying with this, all client funds must be kept separate from the broker account, and they can only be used by traders to conduct trading activities.
he broker gives clients access to trading in forex and commodities. It does not hold a license from a respected regulatory body, which is a concern the safety of client funds cannot be guaranteed and limited legal channels will be available should one experience withdrawal issues or scam problems.
While headquartered in Dubai, FX Glory has offices in several locations, including Malaysia, Cyprus, Spain, and the United Kingdom. The broker also recently opened an office in Saint Vincent and the Grenadines.
The company was formed by a team of financial specialists, pursuing the provision of a better online trading experience with high leverage, zero commissions and rapid executions with use of the MetaTrader 4 trading platform and a WebTrader alternative.
FxGlory confidently holds the niche of companies providing classical services of professional trading. FxGlory’s priorities include technological development of an order processing and distribution system that would allow it to route orders directly to the ECN market in the future. This will reduce order execution time, provide traders with information about the market depth and volume and also reduce spread through market liquidit.
FXGlory Alternative Brokers
Due to safety issues we found with FXGlory, here we have come up with much better Alternatives to FXGlory with tight regulations and excellent trading conditions. We select Good Brokers and trustworty options for your comparison below:
Dukascopy – Excellent for Shares, Futures Trading
AvaTrade – Good Instrument and CopyTrading
InteractiveBrokers – Good for US Trading and Trading of Real Stocks
Withdrawal Options and Fees
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FxGlory processes withdrawals at the first request of a trader. The number of withdrawal requests is not limited.
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The following deposit/withdrawal options are available: SticPay, American Express, Perfect Money, cryptocurrencies, WebMoney, EPay, Wire Transfer, Neteller, Skrill, PayPal, Visa, Mastercard.
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There is a minimum withdrawal amount: from $5 depending on the payment system. Only PayPal has a daily withdrawal limit.
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Withdrawal processing time depends on the payment system and can be up to 8 business days.
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Deposit and withdrawal currencies include USD, and crypto wallets.
Apps
FxGlory offers a mobile trading app for traders convenience. Mobile trading allows traders to manage their accounts from portable devices like smartphones, pocket and tablet PCs. In MetaTrader 4, mobile trading offers a great variety of analytical options and graphical display of quotes in addition to complete trade account management. Using mobile terminals in daily activities offers a convenient way to keep up with accounts when traders don’t have access to a desktop computer. FxGlory mobile app is compatible with all Android and iOS devices.
Demo Account
FxGlory offers traders the opportunity to practice strategies and become familiar with the platform with their demo account option. By opening a demo account, traders are able to improve their trading skills and learn everything about the basics of Forex trading, rules and conditions, movements and crises of the Forex market.
FxGlory demo account demonstrates the real trading environment as similar as possible. A demo account expires after 60 days since its registration if it’s not active and isn’t used.
FXGlory Review Conclusion
We advise all investors and traders to avoid signing in with FXGlory. It is much safer to open a trading account with the brokers that are regulated by the respected world authorities and comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and Dukascopy.
a good option for crypto traders who…
a good option for crypto traders who want high leverage on it
there are no problems as the rules are stated clearly
$225,000.00 stolen
A complete s c a m brokerage, if they don’t like your trade, or strategy they will delete your trade. After letting trade sit for over 5 trading days, they still would not honor or guarantee the trade. They will not disclose a liquidity provider, also they will site rule 4.12 as the reason for taking your hard earned money. If they haven’t changed the number of rule yet, but believe its there somewhere. Its their “Catch All” to take your trade.
I was threaten by a representative, that spam called me for days, that “at least they reached out to tell me that they were going to take my profits, that they could just delete the trade with no notifications.” And they did!!!
My account margin was not in negative and they STILL TOOK MY PROFITS. OVER 225K YES THATS CORRECT, 225k screenshots and order numbers available. They took over 100k in one key stroke. Totally ruined the trading experience and yes I have been using them for over 9 years like someone else said. Its sad that a broker would just steal clients profits no way! Where did trades go? Where did profits go? How could an order be open for 5 trading days and still not have been guaranteed?
A guy will call named “Neil” or “Nick” who over the phone says it has to go through an accounting team. If there is no liquidity what is the reason for an accounting team, straight BS.
They will say it was low volume or high volume but do not list any where WhatsApp times they want you to trade. They will take your profits if your win is big, and state the rule but they never give back your loses when rule works in your favor. UNREGULATED, UNLAWFUL
They are unregulated and will accept all clients because 90% will lose before they learn. Its a terrible broker, terrible experience and dont forget the fact that over 9 years i bought in many referrals new clients to them, my friends.
Before your account is wiped. Stay far far away!!!
THEY SHOULD BE FORCED TO PAY BACK WHAT THEY HAVE STOLEN FROM ALL CLIENTS.
THIS BROKER FXGLORY.COM IS A DISGRACE AND A TRAVESTY TO THE WHOLE TRADING INDUSTRY THESE PEOPLE ARE OUTRIGHT THIEVES POSING AS A BROKER.
OINK OINK LITTLE PIGGIES 🐷
Like I stated have screenshots of trades and recordings of phone calls. These guys are disgusting.
I make both deposits and withdrawals in…
I make both deposits and withdrawals in cryptos and that makes it really fast.
I’ve submitted a withdrawal of $225 and it was processed in less than 2 hours on Saturday. This service forces me to leave a comment for them. Perfect conditions.