FxGlory website tells us that the company is established since 2011 in UAE and since 2012 in Georgia. To our understanding, FxGlory is located in Georgia, Tbilisi and it also presumably has an office in UEA, Dubai. On FxGlory website it is impossible to find phone contact details of the office, therefore it is recommended to consider this broker purely Georgia based.
As for the licenses, FxGlory is NOT licensed for any brokerage activities, as a company, it is only registered at Department of Economic Development of Dubai and presumably they do not even have staff located in this country. Thus at this stage you can already see that FxGlory is not a broker that you can trust.
Personally we did not try live trading with FxGlory, because we are afraid of having our money blocked when we try to withdraw, but we have analyzed the website to the greatest extend, thus we will be able to provide you with some additional info.
More Forex Brokers in Malaysia
FxGlory Offers a Bonus
They offer up to 50% bonus placed on your account as a credit. This amount can be seen as rather large, but please DO NOT get excited about it, it is a scam.
If you read through the terms and conditions of the campaign, you will only understand that the broker is always right and you will never be able to find the trading volume you have to complete in order to have the funds withdrawn. Besides that, their rules for a trade that counts towards a trading volume is incredibly silly, your positions have to remained opened for over 30 minutes to be counted towards your trading volume.
Fx Glory Support
This broker offers live chat, but only during the office hours. Sounds ridiculous, doesn’t it?
They offer support in numerous languages, but we have examined only English support and we can generally say that their English support does not speak the language that well. Besides that, the support is not very friendly and helpful. We have tried for over 30 minutes to find out the conditions of their bonus and in the end we spent over 10 minutes waiting for a reply.
Generally, Forex Brokers Hub gives a leverage rating to a broker based on the maximum leverage it provides, but FxGlory is an exception.
This broker offers financial leverage up to 1:3000, but please, do not be fooled. This broker is a pure market maker and such a high level of the leverage is given to only make you lose money faster.
As you can see from our reviews of decent brokers, none would offer such a large leverage. Therefore, think twice before opening an account with FxGlory, they would not give you such a leverage if they expected you to make any return.
Some people over the internet have complained that their profitable positions were cancelled, besides that, numerous clients complained about a terrible speed of execution and inability to work with Expert Advisors.
FxGlory Review Conclusion
You do not need 1:3000 leverage, you would not like to make trades and then be told that these trades are not considered for your profit, you do not want your funds to be blocked, you cannot make a decent use of a bonus you can withdraw and you cannot trust your funds to a broker with no regulations, as a result, stay away from FxGlory!
Instead of choosing this broker, we would strongly recommend you try the great services of Markets.com or check the amazing social trading from eToro.
No reviews yet