Glory Way General Trading, LLC was founded in 2011 in the United Arab Emirates by the group of successful traders that reached high heights in online foreign exchange and stock trading.
The company provides Forex trading services. Its main customers are private traders.
Deposits and Withdrawals
When choosing a broker, customers always pay attention to its ability to make financial transactions quickly and accurately, that is to ensure smooth and fast transfer of funds to a trading account and their withdrawal.
For this purpose, FXGlory uses the following financial instruments:
- Bank transfers;
- Visa, MasterCard payment cards;
- OKPAY, Payza, Webmoney, Moneybookers, Neteller, PayPal, Wire Transfer E-Wallets.
Payments through online payment systems are fulfilled within one banking day. Bank transfers take from 1 to 3 banking days.
Accuracy in deposit/withdrawal operations is a calling card of FXGlory.
The broker’s financial activity is regulated by the Department of Economic Development (DED) in Dubai.
Tight cooperation with large liquidity providers, including major international banks, ensures FXGlory reliability and liquidity.
As regards the safety of customers’ assets, there is nothing new – the company uses traditional segregated accounts and popular risk management systems.
However, its specialists upgraded many programs and tailored them to actual customer needs.
Bonuses and Promotions
At the moment there are two bonus programs available to FXGlory customers:
1. 50% bonus for each deposit. Owners of live trading accounts who made a deposit of any size can participate in the program. In order to receive a bonus, you need to tick the checkbox of bonus in deposit part of Client Cabinet. The bonus is automatically credited to the account. Maximum bonus size is $1 000 USD. Bonus is withdrawable when a client trades specific number of lots.
2. Free VPS Service. This is a simple and convenient way of automated Forex trading. Customers with an initial deposit of over $1 000 USD can participate in the program. To get an access to the Free VPS, you need to send a request to the company e-mail.
Trading Accounts Types
Clients of FXGlory can trade on two types of accounts:
A beginner trader will not find any difference between the two types. The difference is that Professionals owners have more opportunities in using insurance schemes and risk management programs.
Trading terms of the two accounts are identical:
- Fixed spread, from 2 pips;
- 29 currency pairs;
- No minimum deposit.
A live account can be opened in US dollars only.
Trading Platforms Types
Like in case of trading accounts types, FXGlory clients do not have to choose the type of trading platform. The broker is offering the most popular MetaTrader 4 platform.
Customer support center is working on a 24/5 basis. Traders can get in touch with the support team in the following ways:
- By phone (a callback can be requested);
- Through live chat on the company website;
- By e-mail.
Support services are available in two languages. You can ask a question and get a response in English and Russian.
Pros of Trading with FXGlory
Simplicity is the main competitive advantage of this young broker over higher age colleagues. A minimum set of trading accounts and platforms. Well-planned range of trading tools. Simple, at first sight, but quite efficient mechanisms of asset protection and risk management programs.
The main disadvantage of FXGlory is its low level of regulation. The UAE is not the country, which could have a positive impact on the broker’s reputation.
Inspekt: I’ve recently got to know a new Forex broker – FXGlory. It’s attractive by its simplicity. Everything is easy here – one trading account, one trading platform, 29 currency pairs and that’s all. But it should be noted that such minimization has a positive effect on the quality of services. For example, the spread is not small – 2 pips but there were no requotes over a year of my work (which was quite active, with 10-15 positions opened every day)! Irrespective of a method of money withdrawal, the company always fulfilled its obligations strictly.
Filin2002: I didn’t like the broker. It’s dull. No movement. Poor choice of instruments. One trading platform. But it’s showing off like Alpari. Still, I must admit accounts were settled in full and without any problems.
FXGlory made a mixed impression. On one hand, it attracts by the quality of services. Not many first-class international market makers can offer such accurate order execution and fast quotes update. As for technical matters, it feels that the company was established by people with huge experience in Forex trading and with the aim of creating best trading conditions for its customers.
On the other hand, “inexpressive” marketing policy, non transparent pricing, modest, not to say poor, choice of trading tools are disappointing.