FXGlory in 60 Seconds
| Question | Answer |
|---|---|
| Main reason to consider FXGlory | A $1 minimum deposit on the Standard account, with maximum leverage of 1:3000. |
| Biggest drawback | Withdrawal charges can be substantial, including 9% for PayPal and variable fees plus $20 for crypto withdrawals. |
| Minimum deposit | $1 overall; account minimums vary. |
| Pricing model | Fixed and floating spreads; no general commission charge, while the ECN account uses commission-based pricing. |
| Main platforms | MetaTrader 4, MetaTrader 5 and GloryTrader. |
| Main markets | Forex, commodities and cryptocurrencies. |
| Maximum leverage | Up to 1:3000 on the Standard account. |
| Best suited to | Traders seeking a low Standard-account entry deposit and high leverage who are comfortable assessing the associated risks. |
| Less suited to | Traders who prioritize verified forex-broker licensing or low, predictable withdrawal charges. |
FXGlory combines a very low entry threshold with high leverage, but those headline terms should be weighed against account-specific conditions, withdrawal costs and the regulatory position.
Pros
- The Standard account has a $1 minimum deposit.
- MT4, MT5 and GloryTrader are available.
- FXGlory permits scalping, hedging and news trading.
Cons
- Withdrawal fees vary by method and can reach 9%, with crypto fees also potentially including a $20 charge.
- The highest leverage is account-specific; other account tiers have lower maximums.
- No forex broker licence is verified for the Saint Vincent and the Grenadines jurisdiction.
How FXGlory Works
The basic trading model
FXGlory offers leveraged forex trading alongside commodities and cryptocurrencies. Its product information characterizes commodity exposure mainly as leveraged derivatives linked to spot or futures prices, and cryptocurrency exposure as leveraged derivatives rather than wallet ownership. The range includes 39 forex instruments, six commodities and six cryptocurrencies; indices and stocks are not offered.
Clients can trade through MT4 or MT5, both of which FXGlory offers for desktop, web and mobile use. GloryTrader is its proprietary browser and mobile platform. Account types connect to different deposit thresholds, spreads and leverage limits, so the $1 entry point and the 1:3000 maximum do not describe every account.
Important regional differences
FXGlory gives Saint Lucia as its headquarters and Saint Vincent and the Grenadines as its regulator jurisdiction. Those details do not establish a verified forex broker licence: the Saint Vincent and the Grenadines Financial Services Authority says it does not issue forex or broker licences to business companies or LLCs. Clients should assess the regulatory position separately from the broker’s trading features.
FXGlory restricts customers from Georgia, Syria, Sudan, Iran, Nigeria, Pakistan, Italy, Palestine, Afghanistan, Bulgaria and South Korea.
The Costs That Matter
Trading costs
FXGlory offers fixed and floating spreads. The figures below are average spreads from the broker’s core specifications, not minimum advertised spreads. Account conditions also quote spreads “from” particular levels; those are different measures and should not be treated as typical costs.
| Instrument | Typical / Average Spread | Commission |
|---|---|---|
| EUR/USD | 0.7 pips | No general commission; the ECN account uses commission-based pricing. |
| GBP/USD | 1.3 pips | No general commission; the ECN account uses commission-based pricing. |
| Gold (XAU/USD) | 0.5 points | No general commission; the ECN account uses commission-based pricing. |
| S&P 500 CFD | Not offered | not applicable — the instrument is not offered in the reviewed/current product set. |
Account pricing varies. The Classic account has spreads from 2 pips; Standard from 2 pips; Premium and Pro from 1.5 pips; VIP from 0.7 pips; and ECN from 0.1 pip with commission-based pricing. FXGlory gives no ECN commission rate in its account conditions, so the spread alone does not show the complete ECN cost.
Non-trading costs
Deposits carry no FXGlory broker fee, though payment-provider or network fees may apply. Withdrawal charges are more material: cards incur 5% for withdrawals below $300; PayPal costs 9%; Skrill costs 3% plus $3; crypto withdrawals have variable fees of 0%–5% plus $20; and wire transfers cost $100 below $1,000 or 9% at $1,000 or more.
FXGlory charges no inactivity fee, currency-conversion fee or overnight swap fee. Islamic accounts are swap-free, with no swap or rollover interest added to or deducted from open positions.
Cost takeaway
The low Standard-account entry deposit does not remove the need to plan for withdrawal charges. Traders using the ECN account should also confirm its commission before comparing costs, while card, PayPal and wire-transfer users should account for the method-specific fees and minimum withdrawal amounts.
The Costs That Matter
- Average spreads are 0.7 pips on EUR/USD and 1.3 pips on GBP/USD.
- ECN pricing starts from 0.1 pip and is commission-based; the commission rate is not specified in the account conditions.
- Withdrawal fees include 9% for PayPal and variable crypto charges of 0%–5% plus $20.
Choosing Your FXGlory Setup
Account options
| Account | Pricing model | Minimum deposit | Platform access | Main restriction | Most relevant for |
|---|---|---|---|---|---|
| Classic | Spreads from 2 pips | $1 | MT4 / MT5 | Leverage up to 1:200 | Traders seeking the lowest account entry threshold. |
| Standard | Spreads from 2 pips | $1; MT5 may require higher funding | MT4 / MT5 | Leverage up to 1:3000 | Traders seeking the highest stated leverage and a low minimum deposit. |
| Premium | Spreads from 1.5 pips | $1,000 | MT4 / MT5 | Leverage up to 1:2000 | Traders willing to fund more for a tighter starting spread than Classic or Standard. |
| Pro | Spreads from 1.5 pips | $1,500 | MT4 / MT5 | Leverage up to 1:200 | Traders seeking the Pro tier’s spread terms with a higher entry requirement. |
| ECN | Spreads from 0.1 pip; commission-based | $3,500 | MT4 / MT5 | Leverage up to 1:200; commission rate # | Traders seeking ECN pricing who can meet the higher deposit threshold. |
| VIP | Spreads from 0.7 pips | $5,000 | MT4 / MT5 | Leverage up to 1:400 | Traders considering the VIP tier’s lower starting spread and higher funding requirement. |
The account choice changes both the entry requirement and leverage ceiling. Standard has the lowest threshold and highest maximum leverage, while ECN requires $3,500 and adds commission-based pricing. VIP has a $5,000 minimum and leverage up to 1:400; its spread from 0.7 pips should not be confused with the broker-wide average EUR/USD spread.
Platform choices
| Platform | Web | Desktop | Mobile | Automation | Main Limitation |
|---|---|---|---|---|---|
| MetaTrader 4 | Yes | Yes | Yes | Yes — Expert Advisors (MQL4) on the desktop/VPS environment | Full MQL4/EAs/custom-script functionality is desktop/VPS-centric; the browser/mobile clients do not provide the full desktop automation environment. |
| MetaTrader 5 | Yes | Yes | Yes | Yes — Expert Advisors (MQL5), Strategy Tester and MQL5 automation on desktop/VPS | Full EA/custom-code development and testing are desktop/VPS-centric; browser/mobile versions are primarily for trading and monitoring. |
| GloryTrader | Yes | No | Yes | GloryTrader is available in browser and mobile form, but it is not a desktop platform and its advanced order controls are distinct from custom algorithm programming. | Proprietary browser/mobile suite; advanced order controls are not the same as custom algorithm programming. |
MT4 and MT5 are the choices for desktop-based Expert Advisors and custom-code workflows. GloryTrader is available in browser and mobile form, but it is not a desktop platform and its advanced order controls are distinct from custom algorithm programming.
Base currency and account configuration
FXGlory’s base account currency is USD. It offers a demo account and Islamic swap-free account options; standard FXGlory accounts can be converted to swap-free accounts. MT4 and MT5 are available for those accounts, with access to currency pairs and other instruments.
Choosing Your FXGlory Setup
- Standard has a $1 minimum deposit and maximum leverage of 1:3000, though MT5 may require higher funding.
- ECN requires $3,500 and uses commission-based pricing; VIP requires $5,000 and offers leverage up to 1:400.
- MT4 and MT5 support desktop-based EA workflows, while GloryTrader is web- and mobile-based.
What You Can Trade
FXGlory’s markets focus on forex, commodities and cryptocurrencies. The offer does not include indices or stocks, which limits direct access to those market categories through this broker.
| Market | Approx. Number | Important Detail |
|---|---|---|
| Forex | 39 | Leveraged FX trading. Leverage, swap charges and pair availability can differ by account and legal entity. |
| Indices | Not offered | - |
| Commodities | 6 | Commodity exposure is mainly through leveraged derivatives linked to spot or futures prices. Rollover, financing and trading-hour breaks can apply. |
| Stocks | Not offered | - |
| Bonds | Not offered | - |
| Cryptocurrencies | 6 | Crypto exposure is generally through leveraged derivatives rather than wallet ownership. Availability can be restricted by jurisdiction. |
| Other | Not offered | - |
What You Can Trade
- FXGlory offers 39 forex instruments, six commodities and six cryptocurrencies.
- Indices, stocks and bonds are not offered.
- Commodity and cryptocurrency exposure is primarily through leveraged derivatives.
What Trading Is Like in Practice
Order execution
FXGlory identifies its broker type as NDD. It also warns that live-market fills are not always identical to the requested price, so slippage can occur. No execution-speed figure or additional fill statistic is given here.
Leverage, margin and stop-out
Maximum leverage reaches 1:3000 on the Standard account, while other account maximums range from 1:200 to 1:2000. The margin-call level is 30% and the stop-out margin level is 10%. These levels make it important to track account equity and open exposure, particularly when using high leverage.
Trading restrictions
FXGlory allows scalping, hedging and news trading. Expert Advisors are allowed on MT4 and MT5; full EA and custom-code functionality is desktop/VPS-centric. FXGlory does not offer API trading, copy trading or social trading.
Day-to-day usability
MT4 and MT5 provide desktop, browser and mobile access, while GloryTrader is available through browser and mobile apps. FXGlory permits a minimum lot size of 0.01. A demo account is available for exploring the platforms and account setup before funding a live account.
What Trading Is Like in Practice
- FXGlory identifies its execution model as NDD and warns that live fills can differ from requested prices.
- The margin-call level is 30% and the stop-out margin level is 10%.
- Scalping, hedging, news trading and MT4/MT5 Expert Advisors are permitted.
From Sign-Up to First Trade
1. Eligibility
FXGlory restricts customers from Georgia, Syria, Sudan, Iran, Nigeria, Pakistan, Italy, Palestine, Afghanistan, Bulgaria and South Korea. Confirm eligibility before starting an account application.
2. Registration
FXGlory describes registration as lightweight, but full account use requires identity checks. Select an account type and trading platform with the different minimum deposits and leverage limits in mind.
3. Verification
To complete KYC, provide a valid passport, identity card or driver’s licence, plus a utility bill or bank statement as proof of address. Phone verification is also mandatory. Limited initial access may be possible before verification, but verification is required for withdrawals and full access to deposit methods.
4. Initial funding
The minimum deposit depends on account and payment method. The Standard account starts at $1, while the ECN account requires $3,500 and the VIP account $5,000. Some payment methods have higher minimums, including $500 for wire transfers and $100 for PayPal.
5. Getting ready to trade
Choose MT4, MT5 or GloryTrader where available, then use the demo account if you want to explore the trading setup before making live trades. MT4 and MT5 support Expert Advisors on desktop/VPS environments; GloryTrader does not provide a documented user-programmable algorithmic engine.
From Sign-Up to First Trade
- FXGlory excludes customers from Georgia, Syria, Sudan, Iran, Nigeria, Pakistan, Italy, Palestine, Afghanistan, Bulgaria and South Korea.
- Full verification requires government-issued identity documentation, proof of address and phone verification.
- Verification is required for withdrawals and full access to deposit methods.
Depositing and Withdrawing Money
Deposits
FXGlory charges no broker deposit fee, although provider or network fees may apply. Deposits through the listed methods are generally processed instantly, except wire transfers, which take 1–7 working days.
| Method | Minimum | Broker Fee | Broker Processing | Expected Settlement |
|---|---|---|---|---|
| $50 | No broker deposit fee, provider/network fees may apply | Instant | Instant | |
| $50 | No broker deposit fee, provider/network fees may apply | Instant | Instant | |
| $1 | No broker deposit fee, provider/network fees may apply | Instant | Instant | |
| $1 | No broker deposit fee, provider/network fees may apply | Instant | Instant | |
| $1 | No broker deposit fee, provider/network fees may apply | Instant | Instant | |
| $1 | No broker deposit fee, provider/network fees may apply | Instant | Instant | |
| $500 | No broker deposit fee, provider/network fees may apply | 1–7 working days | 1–7 working days | |
| $100 | No broker deposit fee, provider/network fees may apply | Instant | Instant | |
| $1 | No broker deposit fee, provider/network fees may apply | Instant | Instant |
Withdrawals
Withdrawal timing and charges depend on the method. Broker processing estimates and expected settlement estimates are shown separately below; card and wire withdrawals can take substantially longer than e-wallet or cryptocurrency routes.
| Method | Minimum | Broker Fee | Broker Processing | Expected Settlement |
|---|---|---|---|---|
| $10 listed | 5% when withdrawal < $300 | About 1–15 business days | About 1–15 business days | |
| $10 listed | 5% when withdrawal < $300 | About 1–15 business days | About 1–15 business days | |
| $5 | Variable 0%–5% + $20 | Usually 1–24 business hours | Usually 1–24 business hours | |
| $5 | Variable 0%–5% + $20 | Usually 1–24 business hours | Usually 1–24 business hours | |
| $5 | Variable 0%–5% + $20 | Usually 1–24 business hours | Usually 1–24 business hours | |
| $5 | Variable 0%–5% + $20 | Usually 1–24 business hours | Usually 1–24 business hours | |
| $500 | $100 if withdrawal < $1,000, 9% if ≥ $1,000 | About 1–10 business days | About 1–10 business days | |
| $100 | 9% | About 1–72 business hours | About 1–72 business hours | |
| $5 listed | 3% + $3 | Usually 1–24 business hours | Usually 1–24 business hours |
Full verification is required to withdraw. Check both the method’s minimum and its fee before choosing a funding route; the $1 account entry point does not mean every deposit or withdrawal method has a $1 threshold.
Depositing and Withdrawing Money
- Deposit minimums range from $1 for several methods to $500 for wire transfers.
- Wire deposits take 1–7 working days; most other listed deposit methods are processed instantly.
- Withdrawal timing ranges from 1–24 business hours for crypto and Skrill to 1–15 business days for cards.
Customer Support
| Support Channel | Available | Hours | Languages / Important Notes |
|---|---|---|---|
| Live chat | Yes | 24/7 human support | English |
| Yes | 24/7 human support | [email protected]; English | |
| Phone | Yes | 24/7 human support | English; +1 845 709 8570 and +44 744 190 6300 |
| Ticket | Yes | 24/7 human support | English |
Availability
FXGlory offers human support around the clock through live chat, email, phone and tickets. Support is in English.
How traders can get help
Traders can contact support by live chat, email at [email protected], phone at +1 845 709 8570 or +44 744 190 6300, or through a ticket. The broker also offers FAQ and helpdesk material, daily market analysis and a YouTube channel.
Support limitations
Customer feedback is generally positive about practical guidance and response speed, though some users report difficulty getting useful help through direct channels and challenges resolving withdrawal issues. The contrast matters most when a time-sensitive funding or payout problem needs follow-up.
Customer Support
- Human support operates 24/7 in English through live chat, email, phone and tickets.
- FXGlory provides FAQ and helpdesk material, daily market analysis and a YouTube channel.
- Some customers report difficulty getting useful direct support and resolving withdrawal issues.
What Protects Your Money?
FXGlory is headquartered in Saint Lucia and gives Saint Vincent and the Grenadines as its regulator jurisdiction, with IFSA identified as its regulator. However, no forex or broker licence is verified for FXGlory in Saint Vincent and the Grenadines. The jurisdiction’s Financial Services Authority says it does not issue forex or broker licences to business companies or LLCs, so an incorporation or registration number should not be treated as a forex licence.
Legal entities and regulators
| Client Region | Regulator | License / Registration | Main Protection |
|---|---|---|---|
| Saint Vincent and the Grenadines jurisdiction | IFSA (SVG) | - | No forex or broker licence is verified; the SVG FSA says it does not issue such licences to business companies or LLCs. |
FXGlory’s Saint Lucia headquarters and its Saint Vincent and the Grenadines regulator jurisdiction are distinct details. The regulatory position above should not be treated as evidence that clients in other jurisdictions receive the same oversight or protection.
Client money protections
FXGlory says it segregates client funds from company operating capital. It also offers negative balance protection: if a margin call and stop-out fail to prevent an account becoming negative during high volatility, the system automatically nullifies the negative balance for the next deposit. These protections do not provide compensation for ordinary trading losses.
Company transparency
FXGlory was founded in 2011 and is not publicly traded. Its headquarters are in Saint Lucia.
Important distinction
Segregation and negative balance protection address client-money handling and negative account balances; they do not prevent market losses or establish compensation if a broker fails. High leverage can still magnify trading losses.
What Protects Your Money?
- FXGlory is headquartered in Saint Lucia and gives Saint Vincent and the Grenadines as its regulator jurisdiction.
- No forex or broker licence is verified for FXGlory in Saint Vincent and the Grenadines.
- FXGlory says it segregates client funds and offers negative balance protection.
The Biggest Catch With FXGlory
What the headline claim suggests
A $1 minimum deposit and leverage up to 1:3000 can make FXGlory appear accessible to traders seeking a small starting balance and substantial exposure.
What happens in practice
The maximum leverage belongs to the Standard account; other account limits range from 1:200 to 1:2000, and higher-tier accounts require deposits from $1,000 to $5,000. Withdrawal charges can also offset the appeal of a low starting deposit, while FXGlory’s Saint Vincent and the Grenadines forex-broker licensing position is not verified.
Who should care most
Newer traders and anyone funding a small account should focus on the actual account terms, withdrawal route and regulatory position rather than treating the highest leverage and lowest minimum as a complete picture.
Practical example
A trader choosing the $1-minimum Standard account has access to leverage up to 1:3000, but a trader seeking the ECN account’s spread from 0.1 pip faces a $3,500 minimum and commission-based pricing. Those are materially different setups, not interchangeable headline terms.
Who FXGlory Is Really For
Consider FXGlory if you...
- Want a Standard account with a $1 minimum deposit and understand the risks of leverage up to 1:3000.
- Prefer MT4 or MT5 and want to use Expert Advisors on a desktop/VPS environment.
- Need a broker that allows scalping, hedging or news trading and can assess withdrawal fees before funding.
You may want to look elsewhere if you...
- Require a verified forex broker licence in the Saint Vincent and the Grenadines jurisdiction.
- Need direct access to stocks or indices, which FXGlory does not offer.
- Want low, predictable withdrawal charges or a platform with programmable automation on browser and mobile clients.
The Bottom Line
FXGlory’s clearest proposition is a $1 Standard-account minimum alongside maximum leverage of 1:3000 and access to MT4, MT5 and GloryTrader. The main compromise is the combination of substantial method-specific withdrawal fees and an unverified forex broker licence in its Saint Vincent and the Grenadines jurisdiction. The broker is most relevant to traders who specifically value its low Standard-account entry point and platform or strategy options, and who are prepared to assess those costs and risks before depositing.
How We Reviewed FXGlory
This review assesses FXGlory’s account terms, spreads, charges, funding conditions, product range, platforms, trading rules, customer support and regulatory position. Broker statements, regulator information, payment terms and customer feedback are treated as distinct kinds of information; no personal account testing is claimed here. For more detail on how brokers are assessed, see our review methodology.
Contact Info
- Website:
- https://www.fxglory.com
- Email:
- [email protected]
- Phone:
- +(1) 845 709 8570, +(44) 744 190 6300
- Company Address:
- Saint Lucia
FAQ
Is FXGlory regulated, and does it have a verified forex licence?
FXGlory identifies IFSA and Saint Vincent and the Grenadines as its regulatory jurisdiction, but no forex or broker licence is verified there. The Saint Vincent and the Grenadines Financial Services Authority says it does not issue forex or broker licences to business companies or LLCs.
What is FXGlory’s minimum deposit?
The Standard and Classic accounts have a $1 minimum deposit, although the Standard account may require higher funding on MT5. Other account minimums range from $1,000 for Premium to $5,000 for VIP; payment-method minimums also vary.
What does FXGlory charge for trading and withdrawals?
FXGlory offers fixed and floating spreads and has no general commission charge, while its ECN account uses commission-based pricing. Withdrawal fees depend on the method and can include a 9% PayPal charge, 5% for card withdrawals below $300, or variable crypto fees of 0%–5% plus $20.
Which FXGlory account should I choose?
Standard combines a $1 minimum with leverage up to 1:3000; Classic also starts at $1 but has leverage up to 1:200. ECN requires $3,500 and uses commission-based pricing, while VIP requires $5,000 and offers leverage up to 1:400. Compare the deposit, spread and leverage terms rather than choosing by account name alone.
Which platforms does FXGlory offer?
FXGlory offers MetaTrader 4, MetaTrader 5 and its proprietary GloryTrader platform. MT4 and MT5 are available on web, desktop and mobile, while GloryTrader is available on web and mobile but not desktop.
Does FXGlory offer a demo account and swap-free accounts?
Yes. FXGlory offers a demo account and Islamic swap-free options. Standard FXGlory accounts can be converted to swap-free accounts, with no swap or rollover interest added to or deducted from open positions.
What is FXGlory’s maximum leverage, and does it allow scalping or automation?
Maximum leverage reaches 1:3000 on the Standard account; other account limits are lower. FXGlory allows scalping, hedging and news trading, and permits Expert Advisors on MT4 and MT5. Full EA and custom-code functionality is desktop/VPS-centric.
How long do FXGlory withdrawals take, and does it protect against negative balances?
Crypto and Skrill withdrawals usually take 1–24 business hours, PayPal about 1–72 business hours, cards about 1–15 business days, and wire transfers about 1–10 business days. FXGlory says its negative balance policy automatically nullifies a negative balance for the next deposit if margin-call and stop-out measures fail during high volatility.