FXGLORY

FXGlory is a broker that has been active in the forex market since 2011 and is known for its $1 minimum deposit, leverage of up to 1:3000 and commission-free accounts. But before anything else, you should know that this broker's agreement explicitly states that residence in Iran prevents it from providing services. In this overview, we review FXGlory's licensing, accounts, withdrawal fees and risks based on Teagle's data.

What kind of broker is FXGlory?

FXGlory offers trading in currency pairs, precious metals and oil on MetaTrader 4 and 5, and its country is listed as Saint Lucia in its Teagle profile. The broker's operating history in Teagle Eye is about 15 years. Educational content, daily analysis and support are also provided on its website, but the terms of service vary depending on the account type and the client's region of residence.

FXGlory broker licenses and credibility

No active license is recorded for FXGlory in Teagle's license list, and Teagle's expert considers "the lack of sufficient information about a verifiable financial license" one of its main drawbacks. The "Full license" label in the broker's features does not match this status. Without a regulator, your account has no legal backing and no independent body for complaints. To understand why this matters, read the guide on broker regulation and its tiers and the article on how to choose a safe broker in Iran .

Does FXGlory serve Iranians?

No. According to its current documents, FXGlory considers residence in Iran a barrier to providing services. Teagle's expert stresses that opening an account, even with technical access to the website, is no reliable basis for continuing the relationship and withdrawing funds. The label "IP change required" is also recorded in Teagle's data. The agreement also allows the broker to request additional documents at any time, and failing to provide them can lead to account or withdrawal restrictions.

FXGlory trading accounts

FXGlory offers six accounts on MetaTrader 4 and 5, all of which are listed in Teagle's table as commission-free, with an Islamic version and no requotes:

• Standard: minimum deposit $1 ($100 for MT5), fixed spread from 2 pips, leverage 1:3000;
• CLASSIC: minimum deposit $1, floating spread from 2 pips, leverage 1:200;
• Premium: minimum deposit $1000, fixed spread from 1.5 pips, leverage 1:2000;
• Pro: minimum deposit $1500, floating spread from 1.5 pips, leverage 1:200;
• ECN: minimum deposit $3500, floating spread from 0.1 pips, leverage 1:200;
• VIP: minimum deposit $5000, fixed spread from 0.7 pips, leverage 1:400.

Margin call and stop-out levels differ between accounts (for example, 60% and 30% on Standard and 30% and 10% on VIP). The 2-pip spread on the basic accounts is high, and 1:3000 leverage can wipe out an account in a few moves; before using it, see the guide on leverage and leveraged trading and the article on spreads in forex . Teagle does not consider this broker suitable for scalpers and points to the conditions for accepting short-term trades and the review of profits made from bonuses and leverage.

FXGlory platforms and services

MetaTrader 4 and 5 are available for Windows, Android, iOS and web, along with the MegaTrader platform. The broker's services include bonuses, rebates, a virtual server (free VPS for eligible clients), an IB program, calculators, advanced price alerts and a crypto deposit discount. Be careful with the bonus: according to the broker's official example, if the balance falls below twice the bonus after a withdrawal, the bonus credit is also reduced, and since this credit counts toward margin, it can affect open trades. Compare brokers' bonus offers on the bonuses page .

Deposits and withdrawals at FXGlory

Methods include bank wire, credit card, e-wallets such as NETELLER, Skrill, SticPay and PayPal, and cryptocurrencies such as BTC, ETH, LTC and XRP. Deposits are free with most methods, but withdrawal costs are high: bank wire $100 below $1,000 and 9% above that, card 5% below $300, NETELLER 4%, Skrill 3% plus $3, SticPay 5 to 15% and PayPal 9%. E-wallet and crypto withdrawals take 1 to 24 hours, card 1 to 15 business days and bank wire 1 to 10 business days. Teagle also lists "the broker's broad discretion in reviewing profits and restricting withdrawals" among the drawbacks.

FXGlory's score and risk on Teagle

FXGlory's final score on Teagle is 2.29 out of 5, derived from the average of three sources: Trustpilot 3.8, Forex Peace Army 1.98 and WikiFX 1.1; no reviews from Teagle users have been submitted yet. The Teagle Eye risk index for this broker is 68 out of 100, in the "high risk" category, mainly due to the lack of an active license. See this broker on the Teagle ranking warning list .

Pros and cons of FXGlory broker

• Pro: low minimum deposit on Standard and CLASSIC accounts
• Pro: free VPS for eligible clients
• Pro: commission-free trading accounts
• Con: services prohibited for residents of Iran
• Con: the broker's broad discretion in reviewing profits and restricting withdrawals, and high withdrawal fees
• Con: lack of sufficient information about financial licenses and regulation

Who is FXGlory suitable for?

According to Teagle, FXGlory is only worth considering for experienced traders residing in permitted countries who find the agreement, trading restrictions and withdrawal terms compatible with their approach. It is not suitable for residents of Iran, scalpers, those seeking copy trading, or anyone who wants a verifiable license. To weigh other options, see the FXGlory vs InstaForex comparison .

Conclusion

FXGlory makes it possible to start with a very small amount, but its official ban on serving Iran, lack of a license and high withdrawal fees make it high-risk for Iranian users. If you still intend to try it, start only with a small amount, make a test withdrawal and follow the latest warnings on the risk warning page .