Overall Rating: ★☆☆☆☆ (1.9/5.0)

FXGlory is an offshore forex and CFD broker established in 2011, offering access to MetaTrader 4, high leverage up to 1:3000, and a simple account setup with a $1 minimum deposit. While the broker markets itself as beginner-friendly and flexible, it is unregulated, operates from Saint Vincent and the Grenadines, and lacks basic client protections. With limited transparency, no oversight from a financial authority, and poor public trust, this FXGlory review outlines why it’s considered a high-risk option.

Key Features

FXGlory targets retail traders looking for easy entry, simple execution, and high leverage trading.

• Trading Platform:
  • MetaTrader 4 (MT4) – desktop, mobile, and web
• Markets Offered:
  • Forex, metals, oil, and cryptocurrencies
• Account Types:
  • Standard, Premium, VIP, and CIP – based on deposit thresholds
• Leverage:
  • Up to 1:3000 – among the highest in the industry
• Deposit Methods:
  • Bank wire, credit card, Skrill, Perfect Money, and crypto (BTC, ETH, LTC)

Regulation and Security

FXGlory operates without any recognised regulatory licence, offering zero investor protection.

• Not regulated by FCA, ASIC, CySEC, or FSCA
• Registered in Saint Vincent and the Grenadines, where there is no forex oversight
• No negative balance protection or compensation fund
• No proof of fund segregation
• No third-party audit of trading practices or execution quality

Pricing and Costs

FXGlory offers fixed spreads but lacks transparency on execution, slippage, or real-time trading conditions.

• Spreads:
  • Fixed spreads from 2.0 pips on EUR/USD
• Commission:
  • Commission-free trading – built into spreads
• Minimum Deposit:
  • $1 for Standard account
• Withdrawal Fees:
  • Yes – vary based on method and account status
• Inactivity Fee:
  • Not clearly disclosed

Educational Resources and Customer Support

FXGlory’s educational tools are extremely basic, and its customer service is inconsistent.

• Education:
  • Few blog posts and a basic FAQ section
  • No webinars, tutorials, or courses
• Market Analysis:
  • Occasional articles and an economic calendar
• Customer Support:
  • Live chat, email, and phone support
  • Limited languages, mixed user reviews on responsiveness

Risk Management Tools

With such extreme leverage, FXGlory lacks the necessary safeguards for retail traders.

• Standard MT4 tools:
  • Stop-loss, take-profit, margin call alerts
• No guaranteed stop-loss orders (GSLOs)
• No ability to reduce leverage independently
• No advanced risk dashboards or capital protection tools

Pros and Cons

Pros

• Very high leverage (up to 1:3000)
• $1 minimum deposit
• Supports crypto funding
• Commission-free trading

Cons

• Completely unregulated and offshore
• No client protection or fund security
• Fixed wide spreads (2.0+ pips)
• Minimal educational tools and poor analytics
• Numerous red flags and negative client reviews

Conclusion: Is FXGlory the Right Choice?

FXGlory is a high-risk, unregulated broker that should be approached with caution. While it offers ultra-high leverage and a low deposit requirement, these come at the cost of transparency, safety, and reliability. The lack of regulatory oversight, absence of investor protection, and poor public reputation make it unsuitable for serious or long-term traders.

If you’re looking for a trustworthy broker with proper regulation and client fund protection, consider regulated alternatives like Pepperstone, IC Markets, or AvaTrade.