Read FxGlory review before you sign any activity and get to know more details about them

Is FXGlory a scam or legit broker?

No, FxGlory is not safe to trade with it which FxGlory unregulated broker, FXGlory is owned by FXGlory Ltd., which is an offshore company registered in St. Vincent and the Grenadine.

St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as AZ Trades, TraderUR and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

FXGlory, as stated on the website, was firstly established in the Department of Economic Development of the UAE while after the year of operation in the Asia region opened new branches in Europe countries. 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 reputable organizations in a purpose to protect customers and their investments.

FxGlory Review

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, CONSOB issued a warning against the FXGLory.

We advise all investors and traders to avoid FXGLory and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as IG Markets and Plus500.

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