FXGlory Review Summary
FXGlory is a forex and CFD broker founded in 2011, offering MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the MegaTrader platform. The broker stands out for its low $1 minimum deposit, fixed- and floating-spread account options, swap-free trading, a 50% deposit bonus, and leverage of up to 1:3000. Its main strengths include a wide choice of trading platforms, high leverage, low entry requirements, and access to forex, metals, commodities, and cryptocurrencies. However, its key limitations are the lack of stock and index trading and the unavailability of weekend trading.
Quick Verdict: Is FXGlory Worth It?
FXGlory is a suitable option for experienced forex traders who are familiar with high leverage and fixed-spread pricing. With a minimum deposit of just $1, it offers a low-cost way to explore the platform and test trading strategies with a small balance. Trading is focused on the available market hours, with no weekend trading, and the range of tradable assets is relatively focused.
Who FXGlory Is Best For
- Forex traders who want fixed-spread or floating-spread account options with no dealing-desk execution.
- Small-account traders who want to start from $1.
- MT4 and MT5 users who also want a browser-based platform.
- Traders who need swap-free accounts across standard account conditions.
- High-leverage traders who understand margin call and stop-out risk.
Who Should Avoid FXGlory
- Traders who want to trade over the weekend.
- Traders interested in trading stocks and indices.
- Traders looking for API integration or copy-trading features.
Pros
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Minimum deposit starts from $1
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Maximum leverage reaches 1:3000
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MT4, MT5, and MegaTrder are available
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Hedging, scalping, news trading, and EAs are supported
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Swap-free accounts are available
Cons
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Non-withdrawable bonus credit
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No weekend trading
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No API or copy trading
What Is FXGlory?
Company Background
FXGlory is an online forex and CFD broker established in 2011 and registered in Saint Lucia. Customers can contact the broker via email at [email protected] or through its international telephone support numbers: +1 (208) 500-0100 and +44 208 103 3130.
The broker type is NDD, which means no dealing-desk execution. FXGlory describes access to both instant execution and market execution.
Available Countries
FXGlory is a global broker, but it does not serve every country. The restricted-country list includes Afghanistan, Bulgaria, Georgia, Iran, Italy, North Korea, Palestine, Sudan, and Syria. Traders should check availability before registering because restricted-country lists may change over time.
FXGlory Fees and Costs
Trading Fees
FXGlory offers fixed- and floating-spread accounts, along with swap-free and commission-free trading options, and trading costs vary by account type.
Spreads and Commissions
FXGlory offers both fixed- and floating-spread account types to suit different trading preferences. Example spreads include 0.7 pips on EUR/USD, 1.3 pips on GBP/USD, and 5 pips on gold, while ECN account spreads start from 0.1 pips. Standard, Premium, VIP, Classic, and Pro accounts are commission-free, whereas ECN accounts incur commissions that vary by asset type.
Deposit and Withdrawal Fees
Cryptocurrency deposits incur a 3% fee, excluding Bitcoin deposits and all other payment methods. FXGlory offers discounts of up to 5% on eligible cryptocurrency deposits. Withdrawal fees vary by payment method. For example, card withdrawals typically incur a 5% fee for amounts below $300.
Inactivity and Account Fees
FXGlory does not charge inactivity fees or account-maintenance fees.
Bonus and Promotions
FXGlory offers a 50% deposit bonus of up to $2,000. The bonus can be used for trading but cannot be withdrawn. Additionally, eligible cryptocurrency deposits exceeding $2,000 qualify for a 5% discount.
Currency Conversion Fees
The currency conversion fee is $0. The base account currency is USD. Traders who fund in another currency still need to check their bank, card provider, or crypto exchange cost because third-party conversion charges may apply outside the broker.
Overnight and Swap Fees
FXGlory offers both swap-free and swap-based accounts, allowing traders to choose according to their trading preferences. Swap-based accounts incur overnight fees or credits on positions held open, while swap-free accounts are designed to eliminate overnight swap charges.
FXGlory Account Types
Standard Account
The Standard account has a minimum deposit of $1. The maximum lot size is 1.00, and the maximum open position count is 20. Leverage is up to 1:3000. The deposit bonus is 50%, with a maximum bonus of $500.
Premium Account
The Premium account requires a $1,000 minimum deposit. The maximum lot size is 10.00, and the maximum open position count is 100. The deposit bonus is 50%, with a maximum bonus of $1,000.
VIP Account
The VIP account requires a $5,000 minimum deposit. The maximum lot size is 100, and the maximum open position count is 200. The deposit bonus is 50%, with a maximum bonus of $2,000.
Classic, Pro, and ECN Accounts
FXGlory offers three floating-spread account types: Classic, Pro, and ECN, designed for different trading needs and budgets. The Classic account requires a minimum deposit of $1, with spreads starting from 2 pips. The Pro account has a $1,500 minimum deposit and spreads from 1.5 pips, while the ECN account requires $3,500, with spreads starting from 0.1 pips. All three account types support a maximum of 100 open positions.
How to Open an Account with FXGlory
Signup Process
The sign-up process takes less than five minutes and begins with completing the registration form and confirming the activation link sent to the user’s email. Once verified, traders can log in to their client cabinet, create their preferred account type, make a deposit, and start trading. Demo access is available for testing the platform layout before funding.
Verification Requirements
KYC verification is required for clients who want access to all deposit methods offered by the broker or wish to request a withdrawal. Traders must provide a valid passport, national ID card, or driver’s license for identity verification, along with a utility bill or bank statement as proof of address. Phone verification is also required.
Minimum Deposit
FXGlory offers a low minimum deposit of just $1, making it accessible to traders with limited starting capital.
How Long Account Approval Takes
Traders can begin trading immediately after opening an account, without waiting for activation. However, KYC approval times depend on the documents. Providing complete, accurate, and up-to-date information in the client cabinet can speed up the process, while missing or incorrect details may lead to delays.
Markets and Assets Available
Forex Pairs
FXGlory offers 37 currency pairs, including major and cross pairs such as EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, GBP/CHF, and AUD/CHF. Forex is the broker’s primary asset class, providing traders with access to a range of currency markets.
Commodities and Metals
FXGlory offers trading opportunities in commodities and precious metals. Available instruments include gold and silver, while its trading-instrument information also covers platinum, palladium, and oil. These markets allow traders to diversify beyond currency pairs and gain exposure to different commodity prices.
Cryptocurrencies
FXGlory offers cryptocurrency trading, allowing clients to gain exposure to digital asset price movements through CFDs. This enables traders to speculate on cryptocurrency prices without directly owning the underlying assets.
Leverage Limits and Position Limits
FXGlory offers maximum leverage of up to 1:3000, allowing traders to control larger positions with relatively small amounts of capital. The maximum number of simultaneous open positions depends on the account type: Standard allows up to 20 positions, Premium up to 100, and VIP up to 200. Classic, Pro, and ECN accounts each support up to 100 open positions.
Trading Platforms and Tools
Trading Platforms
FXGlory offers three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and MegaTrader.
MetaTrader 4
MT4 is a popular choice for forex traders, offering charting tools, technical indicators, automated trading through Expert Advisors (EAs), and support for custom indicators. It suits traders who prefer a familiar trading environment and want to implement automated strategies.
MetaTrader 5
MT5 is available alongside MT4 and provides a modern trading environment with advanced charting and analytical tools. It may appeal to traders looking for a newer MetaTrader platform and additional functionality for market analysis.
MegaTrader
MegaTrader is a trading platform offered by FXGlory, powered by TradingView charts and designed for traders with different experience levels and trading styles. Its features include interactive charts, trading statistics and performance analytics, advanced price alerts, and trade visualization to review entries, stop-losses, and take-profit levels against market movements. Additional tools include a time zone selector, trading-session clock, margin and risk-reward calculations, an ATR assistant, market news, and an economic calendar. The platform supports both desktop and mobile access.
Research and Charting Tools
FXGlory provides charting and market-analysis resources to support trading decisions. MegaTrader integrates TradingView charts, while MT4 and MT5 offer technical analysis and charting functionality. The Market Articles section provides market forecasts, currency-pair commentary, and technical analysis covering price trends, indicators, and support and resistance levels. Traders can check the daily market analysis and commentary to follow market developments and assess potential trading opportunities.
Educational Resources
Beginners and experienced traders can access FXGlory’s learning resources, including e-books, forex terminology, strategy backtests, and guides on technical analysis. The broker also provides a demo account for testing strategies without risking real money, alongside materials covering forex fundamentals, platform usage, and trading techniques through its Help Desk, YouTube channel, and Learn section.
FXGlory Deposits and Withdrawals
Payment Methods
Traders can fund and withdraw from FXGlory accounts using bank cards, PayPal, wire transfers, and various cryptocurrencies. Supported digital assets include Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Dash, TRON, Ripple, Tether, and Bitcoin.
Deposit Times
Card and crypto deposits are credited instantly. Card payments must be made using a credit or debit card registered in the account holder’s name, with funds appearing in the trading account once the bank authorizes the transaction. Wire transfers typically take 1–7 days to complete.
Withdrawal Times
FXGlory processes all withdrawals through its finance department. PayPal withdrawals take 1–72 business hours, cryptocurrency withdrawals take 1–24 business hours, and card and wire transfer withdrawals take 1–10 days.
Withdrawal Limits
FXGlory applies a maximum PayPal withdrawal limit of $2,500 per day, while other payment methods have no maximum withdrawal limit. Card and PayPal withdrawals generally require a minimum of $50, although smaller amounts can be withdrawn if the account balance is below $50. Withdrawals must generally be made through the same payment method used for deposits, with funds deposited through multiple methods withdrawn proportionally.
Deposit Methods:
Withdrawal Methods:
FXGlory Customer Support Review
Support Channels
FXGlory provides live chat, WhatsApp, email, phone, and ticket support. The support email is [email protected]. Phone support includes +1 (208) 500-0100 and (+44) 208 103 3130. Support hours are 24/7 with human support.
Response Times
FXGlory’s average support response times are approximately 30 seconds for live chat, 1 minute for phone support, and 1 hour for email. For urgent trading-platform access issues, live chat or phone support is recommended.
Support Quality
FXGlory offers human assistance for account access, password recovery, verification, payment issues, platform configuration, and trading-related queries. Its support services accommodate newcomers who need guidance getting started as well as experienced traders requiring prompt assistance, with several contact options available to address different concerns.
Languages Available
FXGlory provides multilingual support to serve its international client base across different regions, making it easier for traders to access assistance in their preferred language.
FXGlory User Reviews and Complaints
Positive User Reviews
Positive Trustpilot reviews commonly mention high leverage, fixed spreads, customer support, and successful withdrawals. Several reviewers also mention platforms, crypto deposits, and free VPS. The positive theme is that FXGlory is easy to access and practical for traders who want simple forex and crypto-CFD execution.
"They always paid out."
"I am here to write a review and appreciate the accounting department as my recent withdrawals were all processed in less than 2 hours.
I am deeply satisfied with the services offered at fxglory."
Negative User Reviews
Some Trustpilot reviewers have expressed a preference for faster withdrawals, suggesting that reducing the typical 1–24-hour processing time would further improve the overall customer experience.
"withdrawals can be paid faster.
In other fields and specially maximum leverage, fxglory is a great choice."
Common FXGlory Complaints
- Some users would prefer faster withdrawal processing.
Trustpilot and App Store Ratings
FXGlory has a Trustpilot TrustScore of 3.9 out of 5, marked as Great, based on 64 reviews. The distribution is 64% 5-star, 5% 4-star, 3% 3-star, 0% 2-star, and 28% 1-star. Trustpilot also shows that FXGlory has replied to 100% of negative reviews and typically replies within 1 week.
Verification Issues
Withdrawals require KYC approval. Submitting valid documents and accurate, complete account details can help prevent delays and speed up the verification process.
Platform Problems
FXGlory provides a smooth trading experience across its desktop, web, and mobile platforms. Essential features, including charting tools, watchlists, order execution, and account-management panels, are readily accessible. Overall, no major platform issues have been identified, allowing traders to monitor markets, manage positions, and execute trades conveniently across devices.
Best FXGlory Alternative
Best Alternative for Beginners
IG is a stronger beginner alternative for traders who want a large, established CFD provider, broader educational resources, and a stronger regulatory profile. FXGlory is easier to start with because the minimum deposit is $1 and the interface is simple. IG is better for beginners who place product range and learning support above very high leverage.
Best Alternative for Low Fees
Pepperstone is a stronger low-fee alternative for active forex traders. Its Razor account offers raw spreads from 0.0 points with FX commission from $3.50 per lot per side. FXGlory can look cheaper because it charges $0 commission on most accounts.
Best Alternative for Advanced Traders
Interactive Brokers is a stronger alternative for advanced traders who need multi-asset access, professional execution, and transparent institutional-style pricing. It is not a direct replacement for a high-leverage MT4 broker. It is a better fit for traders who value market access, portfolio tools, and lower reliance on bonus-driven trading conditions.
Best Alternative for Forex or CFD Trading
FP Markets is a strong forex and CFD alternative for traders who want MT4 and MT5, raw spreads from 0.0 pips, and a broader CFD range. FXGlory is better for traders who specifically want fixed spreads, swap-free accounts, and a $1 MT4 entry point. FP Markets is better for traders who prioritize lower trading costs and broader regulated CFD infrastructure.
How FXGlory Compares for Different Traders
FXGlory for Beginners
FXGlory is accessible to beginners due to its $1 minimum deposit, demo accounts, and straightforward trading platforms. Educational resources also help new traders learn the basics before trading with real funds.
FXGlory for Day Trading
FXGlory suits forex day traders with its MT4, MT5, and MegaTrader platforms, hedging, Expert Advisors, and leverage of up to 1:3000. Fixed-spread accounts can also help traders estimate trading costs more easily.
FXGlory for Forex Trading
Forex is FXGlory’s main market, with major and minor currency pairs, fixed- and floating-spread accounts, and support for MT4, MT5, and MegaTrader. Its account options cater to different trading styles and budgets.
FXGlory for Crypto Trading
FXGlory offers cryptocurrency CFDs, including BTC/USD and ETH/USD, allowing traders to speculate on price movements without owning the underlying assets.
Is FXGlory Safe and Legit?
Licensing and Regulation
Registered in Saint Lucia under number 2023-00207, FXGlory is regulated by the IFSA, a Tier-3 regulatory body. The company applies KYC and AML procedures, including identity verification and transaction monitoring. Its website uses 256-bit SSL encryption, while its trading platforms encrypt data exchanged between client terminals and servers to help protect users’ information.
Negative Balance Protection
FXGlory offers negative balance protection, allowing negative account balances to be reset to zero when applicable. This helps protect traders from owing more than their deposited funds during periods of extreme market volatility.
Segregated Client Funds
Client funds are held separately from company assets in segregated bank accounts. This separation helps protect client funds from being used for the broker’s operational expenses.
Final Verdict
FXGlory is a suitable option for traders seeking low entry costs, flexible account types, high leverage, and access to MT4, MT5, and MegaTrader. Its $1 minimum deposit, fixed- and floating-spread accounts, swap-free options, and 24/7 human support are among its main advantages.
The broker’s flexibility makes it accessible to beginners and more experienced traders alike. With six account types, a demo account, and multiple trading platforms, clients can choose options that match their budget and trading preferences.
However, FXGlory may not suit traders who want weekend trading, API integration, or copy-trading features. Its deposit bonus is also non-withdrawable, meaning it can be used for trading but cannot be cashed out. Overall, FXGlory is worth considering for its low entry costs and flexible account options, but traders should weigh these limitations against their individual needs.
FXGlory Review FAQs
What is the maximum leverage at FXGlory?
The maximum leverage is 1:3000.
Does FXGlory charge commissions?
Most of FXGlory's accounts are commission-free, and the main trading cost is the spread or swap. ECN commission differs by asset type.
How long do FXGlory withdrawals take?
PayPal withdrawals can take 1 to 72 hours on business days. Crypto withdrawals can take 1 to 24 hours. Card and wire transfer withdrawals can take 1 to 10 days.
Is FXGlory good for beginners?
FXGlory is easy to access because the minimum deposit is $1 and demo accounts are available.
Jake Robins
Jake Robins is a Forex and cryptocurrency education contributor with over 10 years of experience helping readers better understand the financial markets. His work covers risk management, technical analysis, trading psychology, broker platforms, and scam awareness. Through clear, practical guidance, Jake helps traders approach the markets with greater discipline, caution, and confidence.