FXGlory is a brokerage company founded in 2011 in the United Arab Emirates. At the initial stage of its activity, the company focused on the Asian financial market, where it worked for more than a year, demonstrating active development and growth. Success in this market has allowed the company to expand its activities and enter European financial markets. The offshore region of Saint Lucia was chosen for legal registration, where FXGlory is registered under registration number 2023-00207. This decision provided the company with certain tax and legal advantages typical of offshore jurisdictions.

In addition to its main registration in Saint Lucia, FXGlory has offices in the UK, Switzerland and Cyprus. These representative offices contribute to more efficient customer service in various regions, which allows the company to cover a wide market and provide its services to an international audience. Representative offices in these countries also help the company adapt to the specific requirements and preferences of customers from different regions, which contributes to improving the quality of service.

The main activity of FXGlory is focused on providing classic services in the Forex market. The broker offers its clients access to a wide range of currency pairs and financial instruments, covering all key aspects of this segment. The company is focused on active trading and provides its clients with the tools and conditions necessary for effective trading. FXGlory provides traders with modern trading platforms, which allows them to implement their trading strategies and approaches. In addition to traditional Forex services, the company also offers services in the field of binary options. This expands the opportunities for investment and speculation, providing clients with additional tools to achieve financial goals.

However, potential customers should pay attention to an important aspect: FXGlory is not licensed by any of the well-known regulatory organizations. Licensing by regulatory authorities provides a certain level of supervision and protection for clients, which is a significant factor in choosing a broker. The lack of a license may increase the risks associated with investing and trading through this broker. Clients considering cooperation with FXGlory should take this factor into account, since licensing is an important indicator of the reliability and transparency of brokerage activities. Regulators help ensure compliance with standards and protection of customer rights, which can be especially important for those who seek to minimize risks in their trading activities.

Thus, FXGlory is a broker with extensive experience in various financial markets, a wide range of services and international representative offices. However, the lack of a license and regulation can be a significant disadvantage that should be taken into account when deciding to start cooperation with this company. Clients are advised to carefully assess all risks and benefits before making a final decision.

Trading conditions

The trading conditions offered by FXGlory are quite tough, especially for professional traders. One of the key features is the high entry threshold. Although a minimum deposit of $1 is provided for one of the account types, this account has a number of limitations. For other accounts, the minimum deposit starts at $1,000, which can be a significant barrier for some traders.

FXGlory provides its clients with the opportunity to trade through the popular MetaTrader 4 (MT4) platform, which is available in both browser and desktop versions. The company offers several types of accounts, including Standard, Premium and VIP, which allows traders to choose the conditions that best suit their trading needs and financial capabilities. All accounts are denominated in US dollars (USD).

Various methods are available for depositing and withdrawing funds, including SticPay, American Express, Perfect Money, cryptocurrencies, WebMoney, EPay, Wire Transfer, Neteller, Skrill, PayPal, Visa and Mastercard, which provides customers with significant flexibility in managing their funds.

The minimum deposit on FXGlory accounts starts from $ 1, and the leverage can reach up to 1:3000, which provides traders with the opportunity to significantly increase the volume of funds traded. The minimum order is 0.01 lots, which allows you to open transactions with minimal risks. Spreads start from 2.0 pips, but for VIP and CIP accounts they can be reduced to a range from 0.1 to 0.7 pips.

Traders have access to various trading tools, including currency pairs, metals and oil. Margin Call and Stop Out levels vary depending on the type of account, starting from 20%/10% and reaching up to 60%/30%. The company offers two types of order execution: Instant Execution and Market Execution, which allows clients to choose the most suitable trading mode for them.

It is worth noting that FXGlory does not provide PAMM accounts, which may be a limitation for those who are interested in collective investments. There is also a lack of information about liquidity providers, which may raise questions about the transparency of trading conditions. However, mobile trading is available, which allows clients to trade anywhere and anytime.

A VPS server is provided for VIP accounts, which ensures high speed and stability of trading operations. In addition, the company offers an affiliate program and holds various contests and bonus promotions, which may be attractive to active traders seeking additional benefits.

However, it is important to keep in mind that FXGlory is not licensed by any of the well-known regulatory organizations. The absence of such a license can be a significant factor for potential customers when deciding to cooperate with the company. Licensing by regulatory authorities provides a certain level of supervision and protection for clients, and its absence may increase the risks associated with investing and trading through this broker.

In conclusion, FXGlory's trading conditions are designed for experienced traders who are ready to work with high leverage and significant deposit amounts. On the one hand, the broker offers a number of tools and a platform suitable for active trading, but on the other hand, the lack of a license and high minimum deposit requirements can be a significant factor that should be taken into account when deciding to cooperate with this company.

Comparing FXGlory with brokers such as FP Markets, Forex4you and IC Markets, we can conclude that FXGlory stands out among other brokers due to its low minimum deposit and high leverage, which makes it attractive for novice traders and those who prefer to trade with a high level of risk. However, its spreads are higher and the margin call/stop out level is less favorable compared to some competitors. FP Markets and IC Markets offer low spreads and more traditional margin trading conditions suitable for professional traders. Forex4you offers flexible terms with high leverage and a wide range of platforms, which makes it attractive to various categories of traders.

Commissions and fees

The trading conditions offered by FXGlory brokers have been carefully analyzed by analysts of the International Association of Forex Traders in order to identify explicit and hidden commissions. The results of the analysis showed that the trading conditions of this broker are transparent, but the level of commissions is quite high. At the same time, there are no hidden commissions, which is a positive thing. However, the broker provides spreads and withdrawal fees.

FXGlory offers several types of accounts with different commission levels. For a Standard account, spreads and commissions start at $20, and a withdrawal fee is also charged. On Premium accounts, spreads and commissions also start at $20, with a withdrawal fee. For VIP accounts, spreads and commissions start at $7, and there is also a withdrawal fee. The most favorable conditions are for CIP accounts, where spreads and commissions start at $1, however, a withdrawal fee is charged here as well. In addition, FXGlory charges swaps — a commission for transferring a position to the next day, which should be taken into account by traders working with long-term positions.

The analysts also conducted a comparative analysis of the fees charged by various brokers to assess their attractiveness and competitiveness. The average commission at FXGlory was $12, which was classified as a high level of commissions. For comparison, the average commission for RoboForex is $1, which corresponds to a low level, and for Pocket Option it is $2.5, which corresponds to the average level of commissions.

Based on these data, the following conclusions can be drawn: FXGlory's trading conditions are transparent, but high spreads and withdrawal fees make them less attractive to traders seeking to minimize trading costs. RoboForex offers the lowest commissions among the brokers reviewed, which makes its terms very attractive for traders focused on minimum costs. Pocket Option, offering an average level of commissions, is a compromise option for those who are looking for a balance between the cost of services and the quality of service. Despite the transparency of the terms and the absence of hidden fees, FXGlory has the highest level of commissions, which may make it less competitive compared to other brokers, especially for those traders who seek to minimize their trading costs.

Thus, when choosing a broker, traders should take into account not only the transparency of the conditions, but also the level of commissions, which can significantly affect the overall profitability of trading operations.

Safety

FXGlory broker is registered in the offshore jurisdiction of Saint Lucia (registration number No. 2023-00207). It is important to note that the registration of a legal entity in this jurisdiction does not mean that the broker has a professional regulator. FXGlory does not provide information about the availability of a brokerage license, which raises questions about the reliability and security of customer funds.

FXGlory offers certain advantages. One of them is the presence of segregated accounts, which means that customer funds are kept separate from the company's funds. This can provide additional security for traders' funds, as they will not be used for the company's operating expenses. The company also uses unique data encryption technologies, which ensures a high level of security of personal and financial information of customers. This is an important aspect, especially in light of the growing cyber threats and the need to protect data.

However, FXGlory has significant drawbacks. First of all, this is the lack of a professional regulator, which means that the interests of individual traders are practically not protected. The lack of regulation can lead to various risks, including insufficient transparency of transactions and the possibility of unethical behavior on the part of the broker. In the event of disputes or problems, customers may find it difficult to obtain protection or compensation. In addition, the broker does not provide information about the availability of a brokerage license. This raises doubts about its legality and reliability, since licensing is an important indicator of professionalism and compliance with international standards.

Thus, FXGlory offers certain advantages, such as segregated accounts and the use of unique data encryption technologies, which can attract customers who care about the security of their funds and data. However, a serious disadvantage is the lack of regulation and ambiguity with the brokerage license. These factors can make cooperation with a broker risky, especially for those traders who value the reliability and legal protection of their investments. Before deciding to start cooperation with FXGlory, traders should carefully weigh all the pros and cons, as well as consider alternative options for brokers with more transparent and regulated conditions.