Introduction
Founded in 2006, FxGlory is a leading online broker that offers its clients a wide range of trading services and products. The company is headquartered in the United Arab Emirates and provides its services to clients from all over the world. FxGlory is regulated by the Financial Conduct Authority (FCA), one of the most respected financial regulators in the world. The company is also a member of the Financial Services Compensation Scheme (FSCS), which protects clients’ funds up to £50,000 in case the broker goes bankrupt. In this review, we will take a look at the pros and cons of trading with FxGlory, as well as what other traders have to say about their experience with the broker.
Overview of FxGlory.com
FxGlory is a popular online broker that offers traders a wide range of features and benefits. However, there are also some drawbacks to using this broker. In this article, we will take an in-depth look at both the pros and cons of FxGlory.com so that you can make an informed decision about whether or not this broker is right for you.
PROS:
1. FxGlory offers its traders a wide range of features and benefits.
2. This broker provides its clients with a user-friendly platform.
3. FxGlory offers competitive spreads and commissions.
4. This broker also offers a variety of account types to choose from.
5. FxGlory is regulated by the Cyprus Securities and Exchange Commission (CySEC).
CONS:
1. Some traders have complained about the customer service at FxGlory.com.
2 . There have been reports of slippage and re-quotes when trading with this broker .
Pros and Cons of FxGlory.com
FxGlory.com is a forex broker based in the Marshall Islands and founded in 2011. The company provides online trading services for currency pairs, precious metals, and CFDs on indices, commodities, and cryptocurrencies.
The broker is regulated by the IFSC of Belize and offers three types of live accounts with leverage up to 1:3000 and micro lot trading. FxGlory also provides demo accounts and Islamic accounts.
The main advantages of FxGlory are low spreads from 0 pips, fast execution speeds, no requotes, flexible leverage up to 1:3000, and 24/7 customer support. The broker also offers a wide range of deposit and withdrawal methods including credit/debit cards, bank wire transfer, e-wallets such as Neteller and Skrill, as well as bitcoin.
However, there are some disadvantages to take into account when considering this broker. Firstly, the company is not regulated by a major financial regulator such as the FCA or CySEC which could make it more risky for traders. Secondly, the minimum deposit for a live account is $100 which may be too high for some beginner traders. Lastly, the broker does not offer any managed account services or Islamic accounts for Muslim traders.
Traders Ratings of FxGlory.com
FxGlory.com is a reliable and user-friendly online broker that offers a variety of trading instruments and features to its clients. Traders rating the broker highly for its customer service, low spreads, and fast executions. The company has been operating since 2011 and is headquartered in Dubai, UAE. FxGlory.com is regulated by the National Bank of the United Arab Emirates (UAENB) and the Dubai Financial Services Authority (DFSA).
The broker provides its clients with a convenient web-based trading platform as well as mobile trading apps for iOS and Android devices. There are no minimum deposit requirements and traders can open both standard and premium accounts. Standard account holders can trade with leverage up to 1:3000 while premium account holders can trade with even higher leverage of 1:5000.
FxGlory.com offers its clients a wide range of deposit and withdrawal methods including bank wire transfer, credit/debit cards, and e-wallets such as Skrill, Neteller, WebMoney, UnionPay, Sofort, QIWI Wallet, FasaPay, Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Monero, Dashcoin etc. The minimum deposit amount is $100 while there is no maximum limit on deposits. Withdrawals are usually processed within 24 hours but may take longer depending on the method used.
Overall, FxGlory.com is a good choice for both beginner and experienced traders who are looking
Conclusion
I hope this FxGlory review has helped you make an informed decision about whether or not to use their services. While they certainly have some cons, such as high fees and a lack of customer support, they also offer some great features that make them worth considering. Ultimately, the decision is up to you, but we hope that our review has given you the information you need to make an informed choice.