Overall Rating | Overall Ranking | Trading Terminals |
1.5 | 118th  |  |
FxGlory Review
“Forex brokers” are essential because they make it possible for anyone to trade currencies on the enormous worldwide market. Of them, FxGlory stood out as a noteworthy organization. It was founded in 2011 and has since grown to be a well-known brand in the Forex industry. This brokerage has established itself as one of the most reputable businesses in the trading industry because to its strong growth and commitment to client happiness.
This evaluation provides an informative look into FxGlory’s offerings and its standing in the Forex trading community, based on expert findings and experiences.
What is FxGlory?
Leading international online broker FxGlory Group Ltd is renowned for providing its customers with first-rate services and a dependable trading environment. FxGlory provides the most widely used trading platform, MetaTrader 4, to both novice and experienced traders by leveraging contemporary technology. With cutting-edge trading tools for peak performance, this gives traders instant access to the Forex market.
Clients also gain from daily technical analysis, which gives them thorough knowledge to enter the Forex market with confidence.
FxGlory was founded in 2011 and was first located in the U.A.E.’s Department of Economic Development. It soon grew in popularity. It expanded its global reach by opening branches in numerous European nations and, more recently, Saint Vincent and the Grenadines, after gaining expertise in Asia.
FxGlory takes great satisfaction in its expansion and standing in the Forex industry, which it has attained by paying attention to its customers’ various needs. A standard account type, free virtual private server (VPS), and access to desktop and mobile trading platforms are just a few of the advantages that the broker provides. Under ideal circumstances, these technologies enable trading on various currency pairs, commodities, shares, and stocks.
Furthermore, FxGlory’s White Label and IB (Introducing Broker) initiatives highlight its dedication to secure and helpful trading alliances, to establish enduring connections built on success and loyalty for both parties.
Safety and Security of FxGlory
Dumb Little Man has done extensive study on the safety and security of FxGlory, a well-known Forex broker. FxGlory was founded in 2011 within the U.A.E.’s Department of Economic Development and has since grown internationally, demonstrating a methodical and strong attitude to regulatory conformity.
With a registration number of 23463, which gives their operations even more respectability, they have recently opened a new office in Saint Vincent and the Grenadines as part of their development efforts, which also involve opening offices in Europe.
FXxlory’s global reach and unwavering adherence to regulatory mandates across several jurisdictions demonstrate its unwavering commitment to ensuring the safety and security of its clientele. The broker has shown a dedication to offering a safe trading environment to its clients globally by methodically expanding into new nations.
Based on extensive study, this data demonstrates how FxGlory prioritizes security and legal compliance as essential elements of its service offering, giving traders confidence when using its platform to transact in the Forex market.
Pros and Cons of FxGlory
Pros
- Diverse deposit/withdrawal options
- Leverage up to 1:3000
- Trades with no commission
- 50% bonus on deposits
- Different kinds of accounts
- Uses MetaTrader 4 and 5
- Profitable affiliate network
- worldwide networks of support
- Encouragement of open inquiry
Cons
- Some payment methods have a 9% withdrawal fee
- High costs for minor withdrawals
- The same deposit/withdrawal method must be used
- High Costs of international calls for customer support
- Unclear 24/7 support availability
Sign-Up Bonus of FxGlory
Within the Forex trading world, FxGlory is unique in that it welcomes new customers with an alluring 50% deposit bonus. To improve real-money traders’ trading experience from the outset, this offer is specially tailored for them. To take advantage of this promotion, customers must choose the bonus option when creating an account. The bonus is then automatically credited when they make a deposit, though it’s crucial to remember that the maximum bonus amount is $1000.
Since FxGlory’s sign-up bonus is a one-time deal, traders must comprehend the entire terms and conditions of this promotion. Trades are urged to go to the FxGlory website’s Promotion area for comprehensive details on the terms and circumstances of this bonus. By taking this cautious approach, traders may successfully optimize their trading potential by being fully educated about the advantages and restrictions of the bonus.
Minimum Deposit of FxGlory
FxGlory accommodates traders of all skill levels with a broad range of minimum deposits, from novices to seasoned pros. There is guaranteed to be an account type that meets the needs of any trader because to the extensive deposit possibilities, which vary from $1 to $50,000. Because it provides instant executions, zero conditions, and swap-free trading circumstances to all account types, FxGlory is a versatile choice for traders looking for a variety of trading conditions.
Beginners can start trading Forex with excellent success with the Standard account, which has a $1 minimum deposit and a maximum position of 1 lot. Even for novices, it is powerful and approachable with a leverage of up to 1:3000. More experienced traders might be drawn to the Premium and VIP accounts, which have higher minimum deposits but provide better spreads and a free VPS.
With its lowest spreads and one-lot minimum trading size, the CIP account caters to experienced traders at the high end of the market. However, it lacks bonuses and requires a minimum deposit of $50,000. Because of its structure, FxGlory may accept traders with different financial backgrounds and offer tailored trading conditions to meet a variety of trading goals and strategies.
FxGlory Account Types
Our team of experts at Dumb Little Man has done a great deal of investigation and experimentation to provide you with a thorough understanding of the many types of accounts that FxGlory offers. With options for both MT4 and MT5 customized accounts, FxGlory caters to a broad spectrum of traders, from novices to seasoned experts. These accounts are designed to meet a variety of trading needs, ensuring a personalized trading experience. An overview of the many account categories that FxGlory provides is provided below:
Standard Account
- Minimum deposit: $1 (MT4), $100 (MT5)
- Minimum lot size: 0.01
- Maximum lot size: 1.00
- Maximum position: 20
- Leverage up to: 1:3000
- Deposit bonus percentage: 50%
- Maximum bonus: $500
- Margin call / Stop out: 60% / 30%
- Spread: from 2 pips
- Commission: $0
- Hedge Margin: 50%
- Premium VPS: No
Premium Account
- Minimum deposit: $1,000
- Minimum lot size: 0.01
- Maximum lot size: 10.00
- Maximum position: 100
- Leverage up to: 1:2000
- Deposit bonus percentage: 50%
- Maximum bonus: $1,000
- Margin call / Stop out: 50% / 30%
- Spread: from 1.5 pips
- Commission: $0
- Hedge Margin: 50%
- Premium VPS: Yes
VIP Account
- Minimum deposit: $5,000
- Minimum lot size: 0.01
- Maximum lot size: 100
- Maximum position: 200
- Leverage up to: 1:400
- Deposit bonus percentage: 50%
- Maximum bonus: $2,000
- Margin call / Stop out: 30% / 10%
- Spread: from 0.7 pip
- Commission: $0
- Hedge Margin: 25%
- Premium VPS: Yes
FxGlory Customer Reviews
Customer reviews of FxGlory highlight both the benefits and drawbacks of the broker, displaying a range of experiences. On the plus side, many customers have praised FxGlory for its quick deposits and withdrawals in addition to its excellent customer service. These satisfied customers give the broker high ratings for an overall good trading experience, which is emphasized by helpful customer service representatives.
However, a significant point of complaint for certain traders is the 9% withdrawal fee, which has been criticized for ‘eating away at gains’. Even in cases where the broker offers no-cost deposits or other enticing features, those affected by this fee structure are not pleased. This disparity in user feedback emphasizes how important it is to weigh all factors—including prices and customer support—while evaluating the overall value and suitability of a Forex broker like FxGlory.
FxGlory Fees, Spreads, and Commissions
Based on the provided information, FxGlory distinguishes itself in the Forex market by its commission policies and fee structure, particularly its 0% cost on trades. This is because traders utilizing FxGlory won’t have to pay any commissions upfront for the deals they make, which is a perk that many traders find appealing when trying to cut costs associated with trading.
However, it’s important to be aware of the 9% withdrawal fee that customers have mentioned in their evaluations. This cost is something traders should seriously consider, as it relates to the money they wish to remove from their accounts. Although the broker’s no-fee deposits first appear like a good bargain because they cut the cost of funding trading accounts, the withdrawal fee may ultimately reduce the profitability of trading with FxGlory.
Deposit and Withdrawal
After a careful examination by a trading expert at Dumb Little Man, significant information regarding FxGlory’s deposit and withdrawal processes has been discovered. These specifics demonstrate a broad range of options meant to accommodate various trader preferences. FxGlory accepts a wide range of deposit methods, including debit and credit cards, cryptocurrencies, Skrill, Perfect Money, NETELLER, and Zelle Bank transfers.
For traders all across the world, this extensive range ensures efficient and convenient account funding. Apart from the deposit options, the broker provides consumers with flexibility and easy access to their money by offering PayPal and Sticpay as withdrawal options.
The necessity that traders make withdrawals using the same method they used to deposit money is one noteworthy aspect of FxGlory’s withdrawal policy. This regulation aims to speed the process while maintaining financial stability. The platform specifies the minimum withdrawal amounts and specific withdrawal costs for each mode. For example, there is a complicated quantity-based pricing structure for wire transfers, and a 9% withdrawal fee applies to PayPal transactions. The fact that withdrawal fees for bitcoin could cost up to 10% demonstrates how dynamic these transactions are.
A variety of financial capacities are catered for by the minimum deposit quantities and related fees for the various methods; certain e-wallets and cryptocurrencies even allow one-time contributions as low as $1. Because of this openness, traders are guaranteed access to FxGlory no matter how much money they have to invest.
Withdrawal fees, however, draw attention to the necessity for traders to carefully analyze their withdrawal tactics in order to save expenses, particularly when working with smaller sums because fixed fees have the potential to significantly reduce profits.
How to Open a FxGlory Account
FxGlory’s simple account opening process is intended to efficiently welcome traders to the Forex market. Anyone may open up their trading account and begin trading with FxGlory by following these nine easy steps.
- Select the type of account that best suits your needs for trading.
- Fill out the fields that are necessary for your account.
- Input the details of your company if relevant.
- Give accurate personal information.
- To finish your profile, provide your address.
- Kindly provide any references you may know (this is an optional step).
- Verify that the data you provided is accurate in every way.
- To finish the account creation procedure, submit the form.
- Await word from FxGlory on when your account will be activated.
FxGlory Affiliate Program
Through its Introducing Broker (IB) program, the FxGlory affiliate program provides both individuals and companies with a profitable opportunity. The program’s target audience is anyone who can introduce FxGlory to active Forex market traders. It provides affiliates with a way to launch their own businesses using their consumers.
FxGlory provides significant affiliate commissions on a spread model, which is advantageous to both IBs and brokers. This program is a safe and successful way to launch a financial business because it has no up-front costs, no profit cap, and the ability to move money between IB and consumer accounts.
Creating an account, logging into the Client Cabinet, and completing the Introducing Broker Application located under the “Partnership” button are the only steps involved in becoming an IB with FxGlory. Your application will be considered when it is submitted. After being approved, you will sign and upload the IB agreement paper. Your IB account will then be authorized, enabling you to launch your business, in one to ten working days.
The program is a complete package that offers fast payouts, substantial commissions, and access to a variety of services, including round-the-clock professional guidance, for those seeking to increase their influence in the Forex market..
FxGlory Customer Support
The customer care system at FxGlory is built to provide thorough help to its customers, guaranteeing a smooth trading experience. They emphasize having an open door policy for any client problems, and they encourage traders to ask questions about any part of their services without holding back by providing a thorough Contact Us form on their website as well as a live chat function.
FxGlory also assists several international phone numbers, including those from the UK, Malaysia, Canada, Spain, and Cyprus, among other countries. This global reach guarantees that traders can quickly receive direct support from many sources. The fact that FxGlory offers toll-free lines in the UK is another sign of their dedication to offering support services that are both reasonably priced and simply accessible.
Advantages and Disadvantages of FxGlory Customer Support
FXxlory vs Other Brokers
#1 FxGlory vs AvaTrade
Focused primarily on the Forex markets, FxGlory offers a variety of account types, no trading commission, significant leverage up to 1:3000, and a notable 50% deposit bonus. AvaTrade, an Irish company founded in 2006, is centered in Dublin and offers a variety of tradable assets on many trading platforms, including FX, equities, commodities, and cryptocurrencies. AvaTrade distinguishes itself with a strong educational program for inexperienced traders, negative balance protection, and AvaProtect insurance.
Verdict: For traders looking for large leverage and bonuses in Forex trading, FxGlory can be a better choice. AvaTrade stands out for traders seeking better trading protections, instructional resources, and a diverse portfolio encompassing multiple asset classes. Because of its vast products and regulatory framework, AvaTrade is a preferable option for traders who value a large range of investments and security features.
#2 FxGlory vs RoboForex
FxGlory is a Forex trading expert with alluring features like no commissions and leverage up to 1:3000. RoboForex is a company that has been operating since 2009. It provides a variety of trading software options, including cTrader, R Stock Trader, MT4, and MT5. It caters to a wide range of customers and is well known for its sophisticated trading conditions and flexibility in terms of trading styles and sizes.
Verdict: RoboForex is a better choice for traders who value having access to a wide range of trading platforms and flexibility in order to support various trading strategies and portfolios. A stable trading environment is provided by its approval in the financial industry and customizable conditions, especially for those who want to trade outside of Forex.
#3 FxGlory vs FXChoice
FxGlory distinguishes out for its high leverage, sizable deposit bonus, and straightforward approach to Forex trading. On the other hand, FXChoice broadens the scope of trading by offering chances for CFD and Forex trading. These prospects include exposure to developing markets through commodities CFDs in major energy markets and precious metals, as well as trading pairings including the South African Rand, Norwegian Krone, and Russian Ruble.
Verdict: For traders who are just interested in Forex and who wish to benefit from high leverage and bonuses, FxGlory may be the greatest broker. For traders wishing to use Forex and CFDs to diversify their holdings, especially in commodities and emerging markets, FXChoice makes a compelling case. FXChoice’s unique supply of commodities and specialist market pairs makes it a more versatile option for traders looking to diversify their trading strategies.
Choose Asia Forex Mentor for Your Forex Trading Success
Asia Forex Mentor is the greatest learning resource for anyone interested in pursuing a profitable career in forex trading, according to trading experts at Dumb Little Man. With seasoned trader Ezekiel Chew leading the way—known for his seven-figure deals and major contributions to trading education—this platform is uniquely positioned to assist budding traders in realizing substantial financial success.
For the following reasons, selecting Asia Forex Mentor is a smart move for your trading career:
Comprehensive Curriculum: The platform provides users with the knowledge and skills necessary to succeed in the stock, cryptocurrency, and FX markets through a comprehensive curriculum covering these sectors.
Proven Track Record: Asia Forex Mentor’s training and mentoring have a significant positive impact on traders who consistently turn a profit, a fact that attests to the program’s high caliber.
Expert Mentor: Ezekiel Chew offers students specific advice and information about the stock, cryptocurrency, and foreign exchange markets to enable them to navigate these areas with assurance.
Friendly Community: The platform improves education by giving users access to a community that promotes collaboration and peer learning.
Emphasis on Psychology and Discipline: The training recognizes the importance of mindset and provides traders with stress resistance and emotional management strategies by covering psychological issues.
Regular Updates and Resources: As traders need to stay abreast of the latest happenings in the market, Asia Forex Mentor ensures that students never lose these resources.
Success Stories: The platform’s long list of satisfied users attests to its efficiency in assisting students in achieving financial independence by providing them with instruction in stock trading, FX, and bitcoin.
In conclusion, Asia Forex Mentor is the best option for anyone looking to become an expert in stock, forex, and cryptocurrency trading. All the tools students need to succeed in the quickly changing world of trading are available to them, including a comprehensive curriculum, community support, mentorship from seasoned traders, and resources for lifelong learning.
RECOMMENDED TRADING COURSE | REVIEW | VISIT |
 | #1 Forex, Crypto and Stocks trading course. Ranked most comprehensive by Investopedia and Best by Benzinga. Free to Try! |
>> Also Read: Asia Forex Mentor Review By Dumb Little Man
Conclusion: FxGlory Review
It’s clear from reading the FxGlory review that traders looking to advance their trading abilities will find the platform intriguing due to its high leverage up to 1:3000 and 50% deposit bonus. The MetaTrader 4 and MetaTrader 5 platforms are instances of its dedication to offering traders cutting-edge instruments for execution and market analysis. FxGlory presents itself as a competitive broker for anyone looking to take their entry to the Forex market seriously with this feature set.
However, potential users should proceed with caution because some methods charge 9% for withdrawals, and smaller withdrawals have complicated fee structures that may reduce earnings. An additional level of consideration is added by the obligation to utilize the same method for both deposits and withdrawals. For this reason, even if FxGlory offers traders many alluring features, they need carefully consider its financial implications in relation to their trading strategy and financial goals in order to determine whether or not it’s a good fit for them.
>> Also Read: Amega Review 2024 with Rankings by Dumb Little Man
FxGlory Review FAQs
Is FxGlory a reliable forex broker for beginners?
With its 50% deposit bonus and high leverage of up to 1:3000, FxGlory is regarded as a very appealing choice for those new to the forex market. These qualities can greatly enhance trading abilities right away. Furthermore, FxGlory provides a comfortable and user-friendly trading environment and supports the popular MetaTrader 4 and MetaTrader 5 platforms.
How does FxGlory stand out in the competitive forex trading landscape?
With a high leverage offer of up to 1:3000, it offers traders a far higher opportunity for profit than many of its competitors. Value is further increased by the 50% deposit incentive, which allows traders to execute larger trades. Trading plans’ financial components need to be organized with the 9% withdrawal charge that comes with some approaches in mind.
Can traders practice trading strategies with FxGlory before going live?
It is true that before participating in actual trading, traders can hone their techniques on FxGlory. Users can familiarize themselves with the platform’s functionality and the intricacies of the forex market without having to incur any financial risks by utilizing FxGlory’s demo account option. This demo account is an excellent teaching tool that traders may use to refine their techniques and gain confidence in a simulated environment before utilizing real money.
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