Our Verdict on FXGlory
FXGlory is an online forex and CFD broker whose offerings center on currency pairs, precious metals, and cryptocurrencies. Its account range combines fixed-spread, commission-free pricing with an ECN option that charges commission, while platform access includes MetaTrader and MegaTrader.
Best For: Traders looking for a low entry deposit or access to very high leverage on eligible accounts and markets.
Key Strength: A choice of account pricing models, with MT4, MT5, and MegaTrader support.
Main Limitation: Withdrawal fees vary depending on the payment method, and index and stock trading are not available.
Verdict: FXGlory offers flexible account and platform choices, but reviewing withdrawal fees and account terms beforehand is advisable.
How We Rate Brokers: View our review methodology.
Strong Tracks
- Entry-level account funding starts at $1.
- Account options include fixed-spread, commission-free pricing and an ECN model.
- MT4, MT5 and MegaTrader platforms are available.
- Hedging, scalping and news trading are permitted.
Weak Tracks
- Withdrawal charges vary by method.
- The highest leverage is not available across every account or market.
- Stocks and indices are not available for trading.
- There is no iOS app, copy trading or API trading.
FXGlory at a Glance
| Feature | Details |
|---|---|
| Founded | 2011 |
| Headquarters | Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia |
| Pricing Model | Hybrid: fixed spread/no commission + ECN commission |
| Spreads Starting From | 0.1 pips |
| Leverage up to | 1:3000 |
| Demo Account | Yes |
| Customer Support | 24/7 |
Is FXGlory Safe and Regulated?
4/5
FXGlory operates under IFSA regulation, classified as Tier 3, with its company address in Saint Lucia.
Regulatory Licences
FXGlory operates through Glory Group Limited, a company registered in Saint Lucia under registration number 2023-00207. The company’s registration places its corporate domicile in Saint Lucia.
Client Protection Measures
FXGlory separates client funds from its operating capital. Its negative-balance policy provides for negative balances to be cleared against the next deposit if margin calls and stop-out mechanisms fail to prevent an account from going below zero during periods of high volatility.
Account verification is required to access all deposit and withdrawal methods. The process involves submitting a government-issued ID, proof of address, and phone verification.
FXGlory Trading Fees
5/5
Spreads and Commissions
Pricing varies by account type. Standard, Premium, VIP, Classic, and Pro accounts are commission-free, while the ECN account offers tighter spreads with commissions that vary by asset. The Standard account has fixed spreads starting at 2 pips. Average spreads are 0.7 pips for EUR/USD, 1.3 pips for GBP/USD, and 0.5 points for gold (XAU/USD). Starting spreads and average spreads represent different pricing measures and should not be compared interchangeably.
Swap charges depend on the account arrangement. FXGlory offers both swap and swap-free accounts; the swap-free option is intended to avoid overnight swap or rollover interest. Confirm the terms for the particular account and instruments you plan to trade.
Other Trading and Non-Trading Charges
FXGlory charges no inactivity or currency conversion fees. Withdrawal fees vary by payment method. For example, card withdrawals below $300 incur a 5% fee, while cryptocurrency withdrawals may incur fees of 0%–5%, plus network fees.
FXGlory Account Types
4.5/5
FXGlory offers several account types with different minimum funding requirements, spread structures, commission terms, leverage limits, and position limits. The Standard account features fixed spreads with no commission, while the ECN account offers tighter spreads with commissions that vary by asset. Other account types have their own pricing and trading conditions, and all accounts use USD as the base currency.
- Minimum Deposit
- $1
- Available Platforms
- MT4, MT5, and MegaTrader
- Maximum Leverage
- Up to 1:200
- Account Currencies
- USD
- Distinctive Features
- Entry account and free VPS
- Minimum Deposit
- $3,500
- Available Platforms
- MT4, MT5, and MegaTrader
- Maximum Leverage
- Up to 1:200
- Account Currencies
- USD
- Distinctive Features
- Spreads from 0.1 pips and commission depends on the traded asset
- Minimum Deposit
- $1,000
- Available Platforms
- MT4, MT5, and MegaTrader
- Maximum Leverage
- Up to 1:2000
- Account Currencies
- USD
- Distinctive Features
- Spreads from 1.5 pips and larger position limits
- Minimum Deposit
- $1,500
- Available Platforms
- MT4, MT5, and MegaTrader
- Maximum Leverage
- Up to 1:200
- Account Currencies
- USD
- Distinctive Features
- Free VPS and higher maximum lot size
- Minimum Deposit
- $1
- Available Platforms
- MT4, MT5, and MegaTrader
- Maximum Leverage
- Up to 1:3000
- Account Currencies
- USD
- Distinctive Features
- Fixed spreads from 2 pips and no commission
- Minimum Deposit
- $5,000
- Available Platforms
- MT4, MT5, and MegaTrader
- Maximum Leverage
- Up to 1:400
- Account Currencies
- USD
- Distinctive Features
- Spreads from 0.7 pips and largest lot-size limit
How to Open an Account with FXGlory
Traders must complete the registration form and confirm their account via the activation link to access their personal dashboard. Account verification is required to gain access to all deposit and withdrawal methods. The verification process requires a valid passport, national identity card, or driving license, proof of address such as a utility bill or bank statement, and phone verification.
Margin Requirements and Risk Management
4.5/5
FXGlory offers leverage of up to 1:3000, although the maximum available depends on the account type and traded instrument. The Standard account has the highest leverage ceiling, while other account types have lower limits. Currency pairs and metals may qualify for higher leverage than cryptocurrencies, which are subject to separate contract and margin requirements.
The margin-call level is 30%, and the stop-out level is 10%. These thresholds determine when margin-related interventions may occur, but they do not prevent rapid losses or guarantee execution at a specific price. Under FXGlory’s negative-balance policy, any negative balance is cleared upon or before the next deposit.
Trading Platforms and Execution
4.8/5
Platforms and Trading Features
FXGlory supports MT4, MT5, and MegaTrader across desktop and mobile devices. Trading features include Expert Advisors on MT4, web trading, advanced charts, one-click trading, market orders, stop and limit orders, and trading statistics. Free VPS hosting is also available. However, copy trading, social trading, and API trading are not supported.
Order Execution and Trading Restrictions
FXGlory permits hedging, scalping, and news trading, and allows expert advisors. Live-market fills may differ from intended prices, so slippage remains possible, particularly when market conditions move quickly.
How Does FXGlory’s Pro Account Limit Large Orders?
FXGlory’s Pro account has a maximum order size of five lots and offers leverage of up to 1:200. These limits apply separately, so sufficient margin does not allow a trader to place a ten-lot order in a single ticket. Larger orders may need to be split into smaller tickets, with execution prices varying between fills. The Pro account has a minimum deposit requirement of $1,500.
Available Markets and Products
4.6/5
Markets Available at FXGlory
- Forex
Maximum Leverage1:3000
- Major
- Minor/Cross (pairs)
- Cryptocurrencies
Maximum Leverage1:10
- Bitcoin
- Ethereum
- Litecoin
- Bitcoin Cash
- XRP (instrument type not specified)
- Commodities
Maximum Leverage1:3000; oil leverage: up to 1:200.
- Metals — gold
- silver
- platinum
- palladium
- and Brent Oil
The offering is concentrated in forex, precious metals, and cryptocurrencies. The available market categories and product coverage are shown below.
Market Coverage and Accessibility
FXGlory offers major and minor (cross) forex pairs, along with commodities such as gold, silver, platinum, palladium, and oil. Its cryptocurrency range includes Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and XRP. Indices, stocks, and several other asset classes are not available. Cryptocurrency contracts have separate margin requirements and trading conditions, so forex leverage limits may not apply to digital assets.
Deposits, Withdrawals and Customer Support
4.8/5
Deposit and Withdrawal Conditions
| Feature | Details |
|---|---|
| Minimum Deposit | $1 |
| Deposit Methods | Mastercard, Visa, Wire Transfer, PayPal, Bitcoin, Bitcoin Cash, Ethereum, Tether, Dogecoin, Ripple, Dash, Tron, and Litecoin, |
| Withdrawal Methods | Mastercard, Visa, Wire Transfer, PayPal, Bitcoin, Bitcoin Cash, Ethereum, Tether, Dogecoin, Ripple, Dash, Tron, and Litecoin, |
| Deposit Fees | Yes |
| Withdrawal Fees | Yes |
| Processing Time | Cryptocurrency, card, and PayPal deposits are usually credited instantly. Cryptocurrency withdrawals typically take 1–24 hours, PayPal withdrawals take 1–72 business hours, and card or wire transfer payouts may take 1–10 days. |
| Verification Requirements | Yes |
FXGlory supports deposits via bank wire, cards, PayPal, and cryptocurrencies. Crypto deposits incur a 3% fee, except for Bitcoin deposits, while deposits exceeding $2,000 qualify for a 5% discount. Card and cryptocurrency deposits are usually credited without delay. Wire transfer deposits typically take 1–7 days to be credited to the account.
Withdrawal fees vary by payment method and amount, so reviewing the applicable charges before choosing a method is advisable. Crypto withdrawals typically take 1–24 hours, PayPal withdrawals 1–72 business hours, and card or wire transfer payouts 1–10 days. The minimum card withdrawal is generally $50 when the account balance exceeds that amount; if the balance is below $50, the withdrawal may be limited to the available balance.
Customer Support
FXGlory provides 24/7 customer support through live chat, WhatsApp, email, phone, and support tickets. Assistance is available in several languages, including English, French, Hindi, Spanish, and Arabic. Educational and market resources include market analysis, an economic calendar, forecasts, technical analysis, charts, helpdesk materials, a YouTube channel, and a beginner’s guide.
FXGlory vs Competitors
Broker Comparison Table
| Feature | FXGlory | Bold Prime | FirewoodFX |
|---|---|---|---|
| Regulation | IFSA | SVG FSA and MISA, FSC | SVG FSA |
| Minimum Deposit | $1 | $15 | $10 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, MegaTrader, MegaTrader Mobile, MegaTrader Web | MetaTrader 4, MetaTrader 5 | MetaTrader 4 |
| Leverage | 1:3000 | 1:3000 | 1:1000 |
| Suitable For | FXGlory is aimed mainly at traders seeking a $1 minimum deposit, leverage as high as 1:3000, and a 50% deposit bonus. | High-volume forex and CFD traders seeking high leverage and ECN-style account options | High-leverage forex traders who want bonus offers and flexible crypto/local payment methods |
Key Competitive Differences
Bold Prime quotes a starting spread of 1.5 pips for its MT4 Prime Standard account, compared with FXGlory Standard’s fixed spreads from 2 pips. Both are starting-spread figures, but the comparison does not establish that jurisdiction, execution conditions, or all account terms match, so this is not a like-for-like cost comparison. Bold Prime also has a Prime Standard minimum deposit of $15 and a Prime Max option with leverage up to 1:3000; the applicable leverage depends on the account.
FirewoodFX provides a closer entry-funding comparison through its Cent account, with a $1 minimum and leverage up to 1:3000 on eligible assets. Its Standard account quotes a starting spread of 2 pips, the same figure as FXGlory Standard, but the comparison does not establish matching account terms or jurisdiction. These alternatives offer different entry requirements and account options, so comparing their terms can help identify the most suitable fit.
Who Is FXGlory Best For?
Traders Who May Benefit
FXGlory may suit traders who want a low minimum entry point, a choice between fixed-spread and ECN pricing, or support for MT4/MT5 tools such as expert advisors. Traders who use hedging, scalping, or news strategies may also value that these approaches are permitted. Traders should review the applicable leverage limits, fees, and account conditions before choosing an account.
Traders Who May Prefer Alternatives
Traders who require copy trading or API access may need to consider other providers. Those interested in stock or index trading should also look at alternatives, as FXGlory does not offer these asset classes. Withdrawal fees vary by payment method, so checking the applicable charges beforehand is advisable.
Frequently Asked Questions
Does FXGlory charge commission on every account?
Standard, Premium, VIP, Classic, and Pro accounts are commission-free. ECN accounts charge commissions that vary depending on the traded asset.
Can FXGlory clients withdraw without completing verification?
Full verification is required for withdrawals. FXGlory’s process includes identity documentation, proof of address and phone verification; limited initial access may be possible before verification is complete.
Does FXGlory offer the same maximum leverage on every market?
No. The maximum of 1:3000 is account- and market-dependent. Cryptocurrency trading has separate contract and margin terms, so the highest currency-market ceiling should not be assumed to apply to it.