FXGlory is this a scam? Review and Customers Reviews

The startup Forex broker FXGlory has been operating in the financial market since 2011, providing traders around the world with a full range of services for quality trading. The company is popular with market players, both beginners and professionals, thanks to favorable working conditions, reliable modern tools.

And yet, is FXGlory a scam or a decent company where you can work steadily? We will answer this question in a detailed broker`s review.

Terms of trade with FXGlory

FXGlory refers to the company Glory Way General Trading LLC, where work the traders who have achieved success in trading in the financial markets. The broker started its business with the United Arab Emirates, but now its main office is located in Tbilisi (Georgia). Despite the fact that the company is very young, it has a number of advantages, among which one of the main is the simplicity and convenience of the Forex trading process: a reliable platform, a variety of tools and accounts, effective mechanisms for asset protection and risk management are waiting for a trader.

Another factor in the success of FXGlory is the provision of quality service. It offers MetaTrader 4 terminal for trading (for web and mobile trading (iPhone, Android, Windows Phone) is the standard of stable trade, fully compliant with modern trends of trading. The advantages of one of the most popular platforms are security, maximum capabilities, and convenient intuitive interface for traders of any level of training, trading advisors, signals, testing strategies and trading systems thanks to a large number of tools. Functional mobile platform allows you to work from anywhere in the world and makes trading the most comfortable thing.

The broker offers a high-quality training for new traders (courses, training materials on the website), work on a demo account. You can also use free access to the virtual VPS server, which will protect trading from technical failures, make it comfortable and allow you to test strategies easily and create your own trading systems. Any trader has access to high-quality technical support in 24/5 mode, round-the-clock qualified assistance of professional managers, which acts as a guarantee of prompt provision of information for successful work in the financial markets.

For convenience are published analytical data (in English), current news on the website that will allow you to understand the situation fully and earn funds. Traders from different countries also have access to the «Knowledge Base» (the basics of working on MetaTrader 4 terminal, books, etc.).

Deposit and withdrawal

FXGlory offers a variety of deposit and withdrawal options. The clarity of these operations is the business card of the young Forex broker. To make a deposit you need to register, make an amount by choosing a convenient way to transfer funds (minimum deposit – $1). To deposit funds you can use the extended list of modern payment systems – from the usual Bankcards to e-wallets:

• Bank transfers (up to 3 banking days),
• Credit and debit cards Visa, MasterCard (up to 3 banking days),
• Electronic payment systems: OKPAY, Payza, Webmoney, Neteller, PayPal, Wire Transfer, Skrill (1 banking day).

You can open an account only in one currency: USA dollars. Money is available for trading immediately after payment. Withdrawal of funds is possible only for authorized and verified traders and only in the way that the deposit was made.

Complaints against FXGlory

Despite the fact that FXGlory is still a very young broker, the reviews about it are already widely presented in the network and they are diverse. On the one hand, traders praise the company for stability, good trading conditions (minimum deposit, fast execution, low fixed spreads, no commissions on deposit, payments occur on time), a large selection of ways to deposit and withdraw funds, high-quality technical support, comfortable trading options and Forex, simple and clear website (despite the fact that it is in English, everything is simple and clear), for the fact that scalping is allowed, high-quality analytical reviews and news areprovided.

There are enough of negative points, which often relate to a long procedure of verification, long waiting of answers from support service or even absence of communication with managers, problems with withdrawals (delaying the process of withdrawal, denial of withdrawal without explanation), problems with the operation of the terminal (requotes, hang-up, gapping), with the website. It is worth noting the fact that the forums do not have a broker representative who would help to understandthe problems, emerging by traders.

Is FXGlory a scam?

Despite the fact that FXGlory is a very young broker on Forex market, it has still to show its advantages and opportunities (truth about Forex). The company employed real professionals who know how to make trading comfortable: favorable trading conditions, quality service, feedback, etc. There is already a variety of references about the company in Internet, which largely demonstrates the interest of the broker, the profitability of trading conditions (minimum entry threshold (from $1), ability to trade advisors, low spreads).

There is no representative of the company on the forums to minimize the negative, but the company is still going to work closely with the user. An important factor of positive image is the provision of a reliable trading platform MetaTrader 4, which has already gained the trust of traders around the world. Significant advantages of the company are the bonuses, round-the-clock feedback (different ways of communication), training and analytical materials. These options have been positively noted by users and in many ways demonstrate thoughtful policy of user management.

Although the company’s managers confidently state that certification is an issue that will be resolved in the near future, now traders have to trade at their own risk, it definitely prevents them from trusting the company. Should we consider FXGlory as a scam lottery or a fraudster? At this stage of the company’s development, it seems too early to make final conclusions about it, but you can protect yourself by working correctly with your personal manager.

FXGlory broker regulator

FXGlory has registered offices in the states of Saint Vincent and the Grenadines (reg.number 23463), as well as in Georgia (reg.number 404953038). At the same time, the company does not have licenses to operate, however, according to the manager of the company the broker plans to obtain them in the near future.

Bonuses in FXGlory

Every trader of the company can get a 50% bonus.

The bonus will increase the amount of funds in the account and expand the capabilities of the trader. To get it you need to open a real account with a broker (Standard or Premium) and deposit funds (up to $1000). Bonus funds are automatically credited to the deposit. For more information about the bonus conditions, please contact your personal manager.

Summary

Despite of the fact that the trading Forex broker FXGlory is a young company, today it works successfully with traders around the world, provides quality service and one of the most favorable trading conditions. It can be noted quite confidently that the company has a great chance of getting high ratings among competitors, but for this the broker will have to modify the service (actively work on forums with customer reviews and eliminate problems that arise in the process of trading, etc.).

Advanced trading, daily analysis, best stocks are positive broker indicators and demonstrate a correctly chosen niche development. The fact that it has a positive feedback about the trading terminal, analytics, training materials, support services says much about its correct way of development. The broker has a sufficient number of negative reviews, which lead to the conclusion that the user needs to study carefully the conditions of work with the company. In addition, the company does not currently have a license, so it complicates the trust relationship between company and client.

We hope that the broker intends to work with negative reviews, make the service more comfortable and develop further. Now we rightly note that FXGlory has not yet managed to show itself fully, to evaluate it as a reliable or scam company is too early. And yet the references we expect from traders may not only affect the broker’s ratings, but also caution investors against problems.