category: Unregulated Brokers

Is Profiforex Scam or Legit Broker?

It is not safe to trade with Profiforex, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company we found that there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

What is Profiforex?

Profiforex is an offshore-incorporated broker that is based in Seychelles. As a result, there is no mandatory to be authorized in order to deliver financial services, therefore Profiforex broker is not registered by any Forex industry authority.

Yet, the broker claims on its website about client protection along with transparency through the segregation of the accounts, STP technology, and regulated liquidity providers. However, since there is no respected authority that oversees if the above-stated truly takes place within the company operations or not, the claim cannot be trusted.

• Profiforex offers a range of attractive bonus programs, like a 500% deposit bonus, as well as good value for spreads (Check brokers that offer the lowest forex spreads) and multiple support to the beginners along with the trading signals (also can check the list of Brokers for Beginners).
• The doubts about the company are also confirmed by the numerous complaints and the traders' reviews that show a negative experience with the money withdrawals and other trading issues like changing the profitable traders and database numbers.

Overall Profitforex Ranking 

Our research revealed multiple issues in regard to Profiforex regulation and reliability, thus we do not rank positively Profiforex, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• Profiforex Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Profitforex Alternative Brokers

Due to safety issues, we revealed with Profiforex, here we have come up with much better Alternatives to Profiforex with tight regulations and favorable trading conditions. We select Good Brokers and trustworthy options for your comparison below: 

• Dukascopy – Excellent for Shares, Futures Trading
• FXTM – Good Instrument and CopyTrading
• InteractiveBrokers – Good for US Trading and Trading of Real Stocks

Deposit & Withdrawal

Profitforex offers many different payment methods including all major credit cards (including Visa and Mastercard), and e-wallets including Neteller, Yandex.Money and Perfect Money. 

To deposit or withdraw funds traders need to log in to their personal area. 

Profitforex Review Conclusion

Generally, we do not advise incorporating or engaging with an offshore company due to the high risk of money solvency, of course, the company may be trusted but the risk is way higher compared to the regulated brokers.

Therefore, it is a much better idea to choose a broker that holds a reputable license from ASIC or FINMA, thus the operation of the broker will be aligned according to the strictest rules in order to perform the best possible investment opportunity for the client.

• Overall ranking and experience for Profitforex is Negative

Is FxOnUs Scam or Legit Broker?

FxOnUs has been suspected as a scam broker. This broker is blacklisted by a well-known regulatory authority and should be avoided. FxOnUs is owned by MarketOnU which is an offshore company registered in the Marshall Islands.

• The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the low setup cost, it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as MegaTradeFX, Finbitex, and more.

What is FxOnUs?

FxOnUs is the brand name of the offshore company MarketOnUs which is located and registered in the Marshall Islands, yet, the company provides an additional address in London, UK which supposes to bring more trust to the company.

• However, the registration address in Yorkshire has not been listed in the regulation or registration listing of the UK or their respected authority FCA, thus there is a question about the sustainability of the information provided.
• Therefore, the broker is an offshore, non-regulated firm, which delivers multiple trading solutions to a vast of investment opportunities to trade CFDs, Forex, and Metals, as well as PAMM (Also learn about PAMM Trading) management while there is no authority watch how exactly the company treat their clients and specifically manages the funds.
• Of course, the license from a reputable authority does not guarantee that the broker will be 100% transparent and there is no any risk of scam, yet if so the regulated company will fall to the investigations and other possibly strict consequences.
• For this reason, we always advise opening an account and starting trading only with reputable Regulated Forex Brokers, since the risks are minimized, while the customer is protected by the applicable jurisdictional organization.

• In regards to the FxOnUs, apart from the lack of regulation and misleading about their registrations and some false details about the operation, there are some industry authorities that also issued warnings against the broker to their residents due to a big number of complaints received.

  “Suspicious company FxOnUs is not licensed or authorized to offer or provide its services within the Poland territory, therefore the public should refrain from any transaction with the entity”.

  Poland Financial Supervision Authority KNF, March 2017

Overall FxOnUs Ranking 

Our research revealed multiple safety and regulation issues with FxOnUs, thus we do not rank positively FxOnUs, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• FxOnUs Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

FxOnUs Alternative Brokers

As our research of FxOnUs showed multiple issues in respect of the safety of the broker, here are much better Alternatives to FxOnUs with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

• eToro – Best for Copy Traders
• Interactive Brokers – Good for Stock Trading
• Dukascopy – Excellent for Shares, Futures Trading

Deposits and Withdrawals

With FxOnUs account funding is a quick and easy process. There is a wide range of payment methods including Credit Cards, Debit Cards,  Bank Wire transfers, and e-wallets, including Skrill and Neteller. 

• The minimum deposit at FxOnUs is $100. The broker does not charge any additional fees for deposits. Generally, deposits are processed instantly

FxOnUs Review Conclusion

We strongly advise opening a trading account only with brokers that are regulated by respected world authorities that comply with the required set of rules and have a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FBS and Eightcap.

• Overall ranking and experience for FxOnUs is Negative

Is Bulls Capital Markets Scam or Legit Broker?

According to our research, Bulls Capital Markets is a total scam. The broker is not regulated and has no legal right to provide financial services to the public. Moreover, Bulls Capital Markets has been suspected of fraud, when pretending to be another company with a better reputation.

What is Bulls Capital Markets?

Bulls Capital Markets claims to be an NDD (No Dealing Desk) brokerage firm that offers its trading services on a wide range of trading instruments with competitive conditions.

Yet, behind the brand stands an incorporated UK company Bulls Capital Markets Ltd which, however, is not regulated by the local authority FCA that in fact is a mandatory rule to all financial service firms within the UK.

• Despite that, the company started its history back in 2009 in the USA (See Forex Brokers for US Clients) while further had to move its operations to another jurisdiction due to the newly implemented regulatory rules.

• The company states on their website that the clients' funds are kept separately from the company ones, yet there is no any supervisory body which guarantees the statement.

• In addition, for instance, several regulatory authorities issued warnings against Bulls Capital Markets since the company was claiming their investors with the information, which is in fact not true.

• The worldwide traders also informed about their experience, which faced many issues especially while claiming withdrawals.

  “The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named Bulls Capital Markets, which claims to be supervised by the CSSF in Luxembourg.”

  Commission de Surveillance du Secteur Financier, Luxembourg 2014

Bulls Capital Markets Review Conclusion

We strongly advise opening a trading account only with brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Eightcap and FBS.

• Overall ranking and experience for Bulls Capital Markets is Negative

Bulls Capital Markets Update

We found the Bulls Capital Markets website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.

Is FreshForex Scam or Legit broker?

FreshForex is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company as it was not checked for its compliance before establishment, and was never monitored in terms of its safety, and simply may operate the business in any way it wishes. This results in a very high-risk trading opportunity, despite its alluring proposals.

• FreshForex does not comply with the adequacy requirements and rules. This means clients cannot be sure about the safety and reliability of the financial services offered by the broker. 
• Besides, the broker is mainly concentrated on the offering among Russian and Asian residents. In addition,  there is a significant amount of negative reviews about the company crossing around the internet.

What is FreshForex?

The online Forex broker FreshForex as stated on the official website has been working in the foreign exchange market since 2004. It claims performance with one of the best trading conditions on the market due to which they are among the top Forex broker companies as well according to the research of the famous news agency Interfax.

• Among that the broker gained some more world recognition from the publications and industry expos, however, the FreshForex which is a trading name of the Riston Capital Limited company incorporated in an offshore hub St.Vincent and the Grenadines. In fact, there is a sufficient risk if the company delivers services without any regulation or licenses from the world-known watchdogs in the Forex industry.
• That means that the company may put their clients into unnecessary risks while trading which will involve a higher leverage level, like 1:2000 as offered by the FreshForex (Check out Alpari forex broker review, which offers high leverages), the non-regulated money management of the clients, as well as lack of operational standardization.

Overall FreshForex Ranking 

Based on our revelations about multiple safety and regulatory problems with FreshForex, we do not rank positively FreshForex, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• FreshForex Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

FreshForex Alternative Brokers

As we have found many issues regarding FreshForex safety, here are much better Alternatives to FreshForex with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

• AvaTrade – Good Instruments and CopyTrading
• Dukascopy – Excellent for Shares, Futures Trading
• BlackBull Markets – Good for High Leverage Trading

FreshForex Deposits and Withdrawals

FreshForex offers about twenty deposit and withdrawal options, including Bank Transfer, Credit/Debit Card, and e-wallets such as Skrill, Neteller, and Webmoney. However, due to its unregulated nature, there is no strict guarantees on payment procedures. 

• The broker does not charge fees for deposits and the funds appear in the account almost instantly. 
• For withdrawals, the broker charges 0,5%-1% commission. Withdrawal requests are processed on working days from 05:00 to 14:00 EET. 

FreshForex Review Conclusion

Overall, we generally advise not to trade with offshore brokers such as FreshForex (See the list of forex scams) since it is a risky business, and jeopardizes the clients' investments. It is much more sufficient to choose among well-established and regulated, reputable companies that are heavily overseen by respected authorities. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Pepperstone and BDSwiss.

• Overall ranking and experience for FeshForex is Negative

Is LQDFX Scam or Legit Broker?

LQD Limited has been suspected as a scam broker. According to the website, LQD Limited is providing financial services under the laws of the Marshall Islands Business Corporation Act. However, it doesn’t mean the company is regulated or licensed. 

• In fact, the Marshall Islands is an offshore zone attracting various firms that for one reason or another escape from serious regulation or compliance with international service providers.

Anyway, financial companies should be a very respected entities, as the statistics show that the majority of non-authorized firms never recovered the sums of clients’ investments. Therefore, we always advise avoiding offshore companies with no license as there are too many frauds around.

What is LQDFX?

LQDFX is an STP type of broker, which was established in late 2015. The broker claims to be one of the leaders in the FX industry, naming its numerous awards. LQDFX offers its clients forex pairs (including 7 majors, 21 minors, and 43 exotics). Traders also get an opportunity to trade precious metals, including gold, silver, palladium, and platinum, as well as multiple global stock indices, energy, and agricultural commodities. The broker offers flexible leverage up to 1:500 with the Micro account.

• However, based on our research, the website doesn’t provide the address of the company, there is only a British contact number, which means the company has been offering its services to UK residents without being authorized to do that. Most probably this forex broker is not under any regulation.
• Also, the company provides false information about the rewards it holds, including, Best ECN Broker (Find ECN Forex Brokers here), and Most Reliable Broker, etc.
• In addition, there are a lot of negative reviews that can be found on the forums about LQDFX. People share the horrible customer experience they had with the company and also state that they are not able to withdraw their funds from the broker.

Overall LQDFX Ranking 

Due to the regulation and safety issues, we found during our research of LQDFX , we do not rank positively LQDFX, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• LQDFX Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

LQDFX Alternative Brokers

We found that LQDFX has a lot of issues, mainly in respect of its safety and customer care. Thus, here are much better Alternatives to LQDFX with tight regulations and great trading conditions. We select Good Brokers and trustworthy options for your comparison below: 

• HFM – Good for Currency trading
• FP Markets – Good for CopyTrading
• FXTM – Good for Beginners

LQDFX in India

LQDFX allows Indian traders to open accounts and trade. However, LQDFX has no mention of complying with any Indian regulators on its website. 

LQDFX in the USA

As to the LQDFX activities in the US, the broker is not accepting clients from the US as it would mean opposing local laws or regulations. This means clients from the US cannot open an account with LQDFX (See Forex Brokers Accepting US Clients).

LQDFX Deposit & Withdrawal

In order to fund an account traders may choose among the following methods: Bank wire transfers, cryptocurrencies, Visa and Mastercard payment cards, plus Skrill, Neteller, FasaPay, and Load e-wallets.

• LQDFX has a minimum deposit of just $20 on their Micro account. This type of account is usually used for beginners (Forex Trading Platforms for Beginners), for those who just started getting to know the world of online trading. 
• The minimum amount that can be withdrawn is $100 for wire transfers, $20 for payment cards, $10 for Bitcoin, $30 for other cryptos, and $0-10 for e-wallets.

Apps

LQDFX offers mobile trading using a version of MetaTrader 4 designed for iOS and Android devices. The app supports several charting options and technical indicators, though fewer than the desktop version. The application retains much of the other functionality, including one-tap trading, interactive charts, market depth, and internal transfers.

Demo Account

LQDFX offers traders the opportunity to practice strategies and become familiar with the platform with their demo account option. Traders can use this demo account with a balance of $100 000 virtual money in order to be able to evaluate the benefits of the trading platform.

LQDFX Review Conclusion

Overall, it is advised to avoid trading with LQDFX due to its unregulated services and the high-risk operation which targets numerous clients. Dealing with an offshore broker most often carries a significant chance to fall under a scam operation. Therefore, we advise trading with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BDSwiss and FBS.

• Overall ranking and experience for LQDFX is Negative

Is Capital Currency Trade Scam or Legit Broker?

Capital Currency Trade is a 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade Capital Currency Trade. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable.

• The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no guarantee from the official entities that oversee the Forex industry. Thus the engagement in trading with such a company means the trader will believe only in the broker’s words, and of course, it is a high risk.

What is Capital Currency Trade?

Capital Currency Trade is a Forex and Cryptocurrency trading company that claims to be registered in the United Kingdom with offices across the world.

• Although, the company is not registered in the UK to provide its financial services. Moreover, according to the terms and conditions from the website, Capital Currency Trade is authorized in Dominica (Check out Dominica located TradersWay Broker Review).
• Dominica is an offshore destination where forex brokers are virtually not regulated. We always remind traders that doing business with an unregulated (offshore) broker is extremely risky.
• In addition, the Capital Currency Trade has been blacklisted by the Canadian regulator BCSC (The British Columbia Securities Commission).

Capital Currency Trade Review Conclusion

Generally, we advise traders to choose from UK, Australian (Find Australian forex brokers by link), or other well-regulated brokers, where their funds will be protected. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and XM.

Capital Currency Trade Update

Our research showed that the Capital Currency Trade website is unavailable to reach. We recommend avoiding any offshore-based brokers due to their instability and lack of serious regulations.  

Is  PaxForex Scam or Legit Broker?

PaxForex has been suspected as a scam broker. The company is registered in St. Vincent and the Grenadines, an offshore zone, and does not hold any authorization or license to perform financial services. Even though it is mentioned about many jurisdictions are restricted to open a trading account with PaxForex.

Due to its situated office, PaxForex does not hold any authorization or regulation licenses from world-recognized financial authorities.

What is PaxForex?

PaxForex operates under the brand name PaxForex and is a brokerage firm that provides online currencies and CFDs trading services. PaxForex review is about a company Laino Group Ltd which is a brand name established and registered in St. Vincent and the Grenadines financial investment firm.

Notwithstanding by the fact that the PaxForex company does provide an attractive selection of account types that might suit the need of beginning and seasoned traders, the sum of the above and the non-licensed company nature impacts in a negative recommendation of account opening.

• The broker claims to run an office in the UK, which is not, for instance, a case and offers a wide selection of trading opportunities to trade on Forex, Stocks, Options, and CFDs through an STP/ ECN connectivity (See ECN Broker's List) to the liquidity providers.
• In fact, the company partners with Total Capital Forex Promotions (Pty) Ltd and other companies that are located in various jurisdictions, but do not serve itself any other office than its headquarters in the known offshore zone St. Vincent and the Grenadines.

• Besides, the negative reviews and much of disappointed traders by the broker’s provided operations releases the question, is it really a good idea to trade with the PaxForex Broker? It is absolutely clear that financial investment involving high risks and it is at the paramount priority to reduce risks as much as possible.

Overall PaxForex Ranking 

Due to our finds and issues on PaxForex regulations and safety, we do not rank positively PaxForex, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• PaxForex Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

PaxForex Alternative Brokers

Regarding our research results and PaxForex safety issues we revealed, here are much better Alternatives to PaxForex with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below: 

• FP Markets – Good for CopyTrading
• FXTM – Good for Beginners
• Plus500 – Good for Futures Trading

Deposit & Withdrawal

PaxForex offers straightforward facilities to perform fast online deposits and withdrawals. The broker supports multiple currencies and a wide range of deposit/withdrawal methods, including bank transfers, credit/debit cards, WebMoney, Perfect money.

• All transfers via electronic payment systems are automatic. Transferred funds become available immediately.
• Bank transfers are made within 24 hours  to the bank account of the Company.

PaxForex Review Conclusion

We strongly advise opening a trading account only with brokers that are regulated by respected world authorities that comply with the required set of rules and have a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and Eightcap.

• Overall ranking and experience for PaxForex is Negative

Is GFBroker Scam or Legit Broker?

GFBroker is a 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade GFBroker. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable.

• The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no guarantee from the official entities that oversee the Forex industry. Thus the engagement in trading with such a company means the trader will believe only on the broker’s words, and of course, it is a high risk.

What is GFBroker?

GFBroker is a Forex and CFD broker that offers a variety of assets on its platform gfbroker.com.

The company is managed and operated by International WEB Brokers Limited, regulated under Dealers in Securities Act by VFSC (Vanuatu Financial Services Commission) in Vanuatu.

• Vanuatu is a popular destination for forex brokers, as it has low taxes policies and the business registration process is simple. Also, the company was banned by Spain's regulator CNMV.
• We recommend traders to avoid offshore-registered brokers as there are a lot of scams among them. It is safer to deal with the brokers, authorized and regulated by reliable regulators, such as UK’s Financial Conduct Authority (FCA), and to check the list of the FCA-regulated entities to ensure they are.

GFBroker Review Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and BDSwiss.

GFBroker Review Update

Our research showed that GFBroker is no longer active. The broker’s website is unavailable to reach. Besides, there is no evidence of whether the broker operates or not. We recommend avoiding any offshore-based brokers due to their instability and lack of serious regulations.  

Is FXGlory Scam or Legit Broker?

 FXGlory as it is an offshore entity. It is owned by FXGlory Ltd, which is an offshore company registered in St. Vincent and the Grenadines. St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. It has become an offshore zone for shady forex brokers such as Brokerz, TraderUR, and more. 

What is FXGlory?

FXGlory, as stated on the website, was firstly established in the Department of Economic Development of the UAE (See Forex Brokers UAE) while after the year of operation in Asia region opened new branches in European countries.

FXGlory has branches in Malaysia, Cyprus, United Kingdom, and Spain. However, none of the branches are regulated or registered with any authority that oversees the Forex or financial investment services companies. Therefore, there is no strict implementation of the rules that are typically deployed by the reputable organizations in a purpose to protect customers and their investments.

• Overall, the broker offers reasonable and competitive trading conditions on the range of trading instruments, yet with an extreme level of leverage up to 1:3000 and binary options that are also very controversial. That level of leverage is considered to be a very risky one, since the capital is traded at significant risk while the opportunities and losses are multiplied timely.
• Apart from the numerous negative reviews and complaints from the traders which had an experience with FXGlory, the company was detected for scam operations that obviously showed cases with withdrawal delays, or ignorance of the clients, as well as the market price violations. In addition, Italian regulator CONSOB (Italian Companies and Exchange Commission) issued a warning against the FXGLory, informing investors that the firm is not authorised to provide its investment services or activities in Italy.

Overall FXGlory Ranking 

Our research revealed the multiple issues FXGlory has in terms of regulationa and reliability, thus we do not rank positively FXGlory, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• FXGlory Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

FXGlory Alternative Brokers

Due to safety issues we found with FXGlory, here we have come up with much better Alternatives to FXGlory with tight regulations and excellent trading conditions. We select Good Brokers and trustworty options for your comparison below: 

• Dukascopy – Excellent for Shares, Futures Trading
• AvaTrade – Good Instrument and CopyTrading
• InteractiveBrokers – Good for US Trading and Trading of Real Stocks

FXGlory in India

FxGlory accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries. In India the broker is available, though it is uncertain whether it is regulated by the Indi's financial regulatory body. 

Traders cannot use FxGlory from Georgia, Bangladesh, Korea, Syria, Sudan, Iran, Nigeria.

Deposit & Withdrawal

The minimum deposit is quite accessible for the traders, because it is only $1. FxGlory offers many different payment methods including all major credit cards (including Visa and Mastercard), cryptocurrency, and e-wallets including Neteller and Skrill. Bank wire transfer is also available and usually processed within 7 business days. 

• The minimum withdrawal is $10. However, note that the minimum amount of withdrawal via all e-wallet methods (PayPal, Skrill, …) and credit/debit card is 50$ for clients whose balance is more than 50$ and for those whose balance is less than 50$ is as much as their balance.

Apps

FxGlory offers a mobile trading app for traders convenience. Mobile trading allows traders to manage their accounts from portable devices like smartphones, pocket and tablet PCs. In MetaTrader 4, mobile trading offers a great variety of analytical options and graphical display of quotes in addition to complete trade account management. Using mobile terminals in daily activities offers a convenient way to keep up with accounts when traders don’t have access to a desktop computer. FxGlory mobile app is compatible with all Android and iOS devices. 

Demo Account

FxGlory offers traders the opportunity to practice strategies and become familiar with the platform with their demo account option. By opening a demo account, traders are able to improve their trading skills and learn everything about the basics of Forex trading, rules and conditions, movements and crises of the Forex market.

• FxGlory demo account demonstrates the real trading environment as similar as possible. A demo account expires after 60 days since its registration if it’s not active and isn’t used.

FXGlory Review Conclusion

We advise all investors and traders to avoid signing in with FXGlory. It is much safer to open a trading account with the brokers that are regulated by the respected world authorities and comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and Dukascopy.

• Overall ranking and experience for FXGlory is Negative