FXGlory Review
Overview
Company Information FXglory is one of the most prominent online trading brokers established in the United Arab Emirates and regulated by DED in Dubai. The company was founded in 2011… more
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| Broker | FXGlory |
|---|---|
| Website URL | https://fxglory.com/ |
| Founded | 2011 |
| Headquarters | Georgia |
| Support Number | +359 2 4 917 192; +(995) 514 000 000 |
| Support Email | support@fxglory.com |
| Support Types | Phone, Live Chat, E-mail, Call Back |
| Languages | English, French, German, Russian |
| Minimum Trade Amount | 0.01 lots |
| Maximum Trade Amount | 1 lots |
| Free Demo Account |  |
| Regulated | |
| Regulation | Financial Supervisory Commission of Bulgaria |
| Account Types | Real, Practice |
| Deposit Methods | MasterCard, Visa, Wire Transfer, Skrill, Neteller |
| Withdrawal Methods | MasterCard, Visa, Wire Transfer, Skrill, Neteller |
| Types of Assets | Forex, CFDs, Metals, Oil |
| Account Currency | USD |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
Full Review
Company Information
FXglory is one of the most prominent online trading brokers established in the United Arab Emirates and regulated by DED in Dubai. The company was founded in 2011 and launched its online platform in 2011 and can be considered as one of the new names in the industry. Despite their young age, Fxglory has already established a few offices around the world in Tbilisi, Georgia, and Plovdiv, Bulgaria. To try and compete with the already numerous competitors they offer some unique features and trading opportunities. They are aware that their rivals have already built their names and have a lot of history behind them and have taken the needed steps to raise their popularity. They offer the lowest deposit requirement in the industry and also offer the highest leverages possible. Using these competitive tactics and providing the unmatched trading experience they have earned many positive comments around the web. In just a few years they’ve become a recognized brand amongst traders and have contributed to upping the level of online trading services all around the world. In fact, they’re one of the few online brokers that let US traders join the platform and take advantage of their flawless service. Let’s see what Fxglory can offer you.
Trading Information
As we already mentioned Fxglory offers the incredible 3000:1 leverage for their clients which way above their competitors. One should think that they would require a significant deposit amount to start trading on their platform, and they would be nothing but wrong. Their starting account requires just $1 and is, if not the lowest at least in the top 10 most moderate deposit requirements in the business. As far as trading instruments go Fxglory offers all the major markets for Forex, gold, silver, oil, energies, stocks, energies, bonds and CFD’s. The number of currency pair could be better, but they still have 34 pairs which are nice. Spreads are fixed, and the EUR/USD pair is two pips. Scalping and hedging are allowed. Trading accounts are set to two types: Beginner and Professional. We already mentioned you need just 1$ to start trading on the platform. They also have the Islamic account option for traders looking to trade based on Shariah law principles. Their Demo account offers a 30-day trial where you can test all the tools and features and get used to the platform. Instant execution is available which enables traders to act fast when markets change. One click trading and pending orders are available, and the only thing that is missing is trading with swaps.
Trading Platforms
The main platform that Fxglory offers is the trusty and reliable Metatrader 4. It has been tested throughout the years and is still one of the preferred trading tools for every trader. You can take advantage of all the tools, charts, and other features that it offers, with the peace of mind that it will do what it’s supposed to. Mobile trading is also available for people who are away from their desktop computers, but that’s just about it. As a very young online broker, they have not developed their platform, but one thing is for sure, if they attract enough attention we’ll see one soon enough. People who don’t like additional downloads and installations can take advantage of their web trader platform. There you can just log in with your credentials and start trading right away.
Security and Customer Services
Security can be the tipping point between choosing one online broker over the other. We can say for sure that Fxglory has done their best in providing a safe environment for every trader. They use an SSL encryption on their site which is a sign that their care about the security of personal data. All people who look to steal personal data are discouraged from the first glance at their site. Another great benefit for their clients is the use of segregated accounts. It means that every deposit is kept at a Tier 1 bank account and is separated from the company’s funds. Their customer support team is also at the top level. The site has been translated in Russian and English, and support is available in English, Russian and Armenian. There are plenty of ways available to contact the company’s representatives. You can request a callback, contact them via Skype, write an email or use their live chat option. Response times are quick, and you’ll get answers to your questions right away. Every VIP account gets a personal account manager that will take care of annoying task and guide you through the trading process.
Deposits and Withdraws
Transferring funds into your Fxglory account is very easy. You can choose from a vast list of banking methods. All credit and debit cards are accepted, as well as several digital wallets. Minimum deposit as mentioned is $1 but for some of the banking methods, they require a minimum of $100. There are no deposit fees whatsoever except the ones your bank might charge. Withdrawing money is also easy, but some requirements and fees need mentioning. Minimum withdrawal amounts are set from $5 to $100. However, you’ll be charged $3 if you withdraw less than $50 (for bank wire there is fixed $30 fee for every amount). You should go to their “deposit and withdrawals” page for more information on charges and fees.
Deposit Bonus and Loyalty Programs
To attract the attention of new clients, Fxglory has made some tempting offers. They have a 50% on every deposit bonus. There is a limit to this bonus where the amount can’t exceed $1000. It depends on your credit and balance amount, so be sure to check their “Promotions” page for more clarification on this bonus. The other promotion is their “VPS service” which is much like their VIP treatment, but you’ll need just a $1000 for it. It means that you’ll be able to trade without having to monitor the platform at all times.
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