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FXGlory Review
FXGlory is an offshore broker registered in Saint Lucia with no real financial license. Italy's CONSOB has warned the public that it cannot legally operate there.
Min Deposit
$1
Spreads From
2 pips (Standard account)
Max Leverage
1:3000
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Very low entry cost, from just $1 on the MetaTrader 4 platform
- Offers both MetaTrader 4 and MetaTrader 5 for trading
- High leverage up to 1:3000 is available on Standard accounts
- Account tiers scale up to a $50,000 CIP account for bigger traders
Cons
- No license from any major regulator such as the FCA, ASIC, or CySEC
- Italy's CONSOB has warned the public it is not authorised there
- Saint Lucia registration is a business filing, not a trading license
- Deposit bonus money has not been withdrawable since 2019
- Leverage up to 1:3000 carries very high risk for most traders
FXGlory has offered forex and CFD trading since 2011. The broker, FXGlory Ltd, is only an International Business Company in Saint Lucia. It also lists a registration with Saint Vincent and the Grenadines, but that is a business filing, not a trading license. No major regulator such as the FCA, ASIC, or CySEC oversees FXGlory.
Accounts start from just $1 on MetaTrader 4, or $100 on MetaTrader 5, up to a $50,000 CIP account. Leverage can reach 1:3000 on the Standard account, far above what regulated brokers allow. FXGlory also runs a 50 percent deposit bonus, capped at $2,000 credit, though the bonus itself has not been withdrawable since 2019.
Italy's CONSOB regulator has publicly warned that FXGlory is not authorised to offer investment services there. Clients elsewhere get no independent protection either, since no real regulator supervises this broker. Anyone trading here should treat the very high leverage and locked in bonus terms as real added risk, not a perk.
Min. Deposit
USD 1
Max Leverage
1:3000
Spreads From
2 pips (Standard account)
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
