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FXGlory broker Scam alert

  • #21
  • Feb 12, 2016 10:47pm Feb 12, 2016 10:47pm
Every time I see one of these threads I always ask myself "who open accounts with those bucketshops?". Do your homework people, there are plenty of good brokers out there, don't sign up with the rubbish.
  • #22
  • Feb 13, 2016 1:27am Feb 13, 2016 1:27am
Quoting Cobra
The solution is simple...... ONLY trade with UK and USA regulated brokers . Regulation in the UK and US means what it says. It is REGULATED! G.
You're missing HK and Singapore
  • #23
  • Feb 15, 2016 3:07am Feb 15, 2016 3:07am
[quote=plotinus82;8751664]{quote} You're missing HK and Singapore[/qu
I will not entrust them with my money......NEVER!
Never Ever Give Up!
  • #24
  • Jun 10, 2016 9:14am Jun 10, 2016 9:14am
Didn't try them yet but they have a really weird rule in their T&C. Only 1:100 leverage allowed when news are released. Makes me wonder about them...
  • #25
  • Jun 15, 2016 11:10am Jun 15, 2016 11:10am
So I recently joined FXGlory because of some instagram account saying they can flip 50 to 1500 with 3 trades. I found out which broker they were using to do this, and decided to try it. I ended up making about 1700 off of 100, and thought great. I heard about the scams, so when I made my trades, I made sure to trade pairs not related to any major news events, and closed the trades hours in advance. I really read through the user agreement thoroughly, and even asked the support team to verify my actions. They just hit me with the read the user agreement quote, and then they also said yes. Yes I can open a trade with greater than 1:100 leverage a day before the news event, and close a day after the news event, without having the trade be considered a violation to their rules. So, I closed my trades and decided to withdraw and they hit me with the exact rule I asked about. They haven't replied back to me when I asked them why my trades were considered violations.

I read through some forums, and saw some comments on youtube, and saw something interesting. In the instruments list, if you show all, there are instruments with the "m" suffix next to them. So you'd have EURUSD, then you'd also have a EURUSD.m. The "m" apparently means "to market" or "market order" where you're not getting B-booked and you're putting your orders straight into the market. I'm thinking that if you trade on the regular EURUSD, then you're basically trading with the broker, and not the real market, which means the broker can do whatever they want. The order never reaches the market, so if you profit, they can just say no, stick you with some BS violation, and then keep the money because it's just you and them in equation. I'm experimenting by placing some trades on the "m" suffixed instruments, and try to withdraw profits made by those trades. IF they are regulated, then these trades should be legit and can be withdrawn as long as I follow their strict ass rules. I'll come back here to update if they decide to let me withdraw.

You should also be aware, the company I saw on Instagram was labeled under FXTradeLive. I emailed them and spoke with them, and they seem like genuine people, but can't seem to trust that they are actually taking money out because so many of us can't. They also can deposit and withdraw using paypal, yet I can't. Security team won't even tell me why. So, maybe they're legit, maybe they're not, but I thought I'd put them on this post to put some accountability in their statements.
  • #26
  • Dec 1, 2016 8:02am Dec 1, 2016 8:02am
I started trading with FxGlory since 2014.
I began my forex trading career around 2006 on the platform of marketiva. I was frustrated by their platform and other factors and then decided to stop trading for some years.Friends encouraged me around 2013 to start trading again and I consented. It however became necessary for me to use an MT4 broker that also accepts paypal.That was when my friends introduced me to FxGlory in 2014. The document verification was not easy but I completed my registration successfully.
As an experienced trader,I needed not to be told to carefully read through the terms and conditions involved in every transactions.Majorly, three things are very important to me;no slippages,good customer support and due payment of withdrawal requests.I quickly tested FxGlory on these three and they impressed me.I usually get my withdrawal requests completely processed in about 2 to 3 hours because I use paypal.
What I like most is their consistent improvement by the days just between 2014 and today.
As I write today, my account is in good conditions and it is just hard for me to consider other broker.
  • #27
  • Dec 1, 2016 8:01pm Dec 1, 2016 8:01pm
Why do you guys fall for this?
Bonuses, BS, all the promises, BS reviews like the guys above. It's not hard guys to find a half decent broker. The only possible reason I can come up with to opening an account with a broker like this is if you are from some country like North Korea and no one reputable will let you open an account with them, and then you are better off forgetting about the whole thing as they will never pay out your profits.
  • #28
  • Dec 2, 2016 7:31am Dec 2, 2016 7:31am
Quoting PharLap
Why do you guys fall for this? Bonuses, BS, all the promises, BS reviews like the guys above. It's not hard guys to find a half decent broker. The only possible reason I can come up with to opening an account with a broker like this is if you are from some country like North Korea and no one reputable will let you open an account with them, and then you are better off forgetting about the whole thing as they will never pay out your profits.
Yes there traders in Asia and Africa . And all traders choose brokers that flexibly fit to their needs and style of trading. For example, some traders` style is hedging and brokers like FxGlory allow direct hedging.
  • #29
  • Dec 3, 2016 5:03am Dec 3, 2016 5:03am
Quoting mathtrader
{quote} Yes there traders in Asia and Africa . And all traders choose brokers that flexibly fit to their needs and style of trading. For example, some traders` style is hedging and brokers like FxGlory allow direct hedging.
Great! They allow you to hedge, but they don't allow you to make a profit. Go for it guys!
  • #30
  • Dec 3, 2016 5:21am Dec 3, 2016 5:21am
Quoting Cobra
The solution is simple...... ONLY trade with UK and USA regulated brokers . Regulation in the UK and US means what it says. It is REGULATED! G.
FCA is okay but not all brokers under FCA. US brokers? Ahh pathetic slippage, broker like Interactive good for future currency trading with hefty margin requirements.
Never Gamble Forex
  • #31
  • Dec 8, 2016 6:56am Dec 8, 2016 6:56am
What I found is that most forex traders don`t even have any regards for their broker`s user`s agreement. They prefer to just click "accept" than carefully read through the terms and conditions to ascertain if their broker`s rules are compatible with their styles of trading.Like I said earlier, my friends introduced me to FxGlory in 2014 and since then I have been with them and I enjoy maximum satisfactions. They process my withdrawal requests in less than 24 hours and their customer support answers me speedily whenever I call.They execute my trades at a very high speed. So, I don`t see any reason why I should use any other broker.I would still be searching for a good forex broker if not that I found FxGlory.
I have got over 100 forex students, and I know very well that traders have to play fair by the rules of their brokers.My experience shows that most unhappy traders are the ones that violated their broker`s user`s agreement.
  • #32
  • Dec 23, 2016 12:55pm Dec 23, 2016 12:55pm
Quoting Cobra
The solution is simple...... ONLY trade with UK and USA regulated brokers . Regulation in the UK and US means what it says. It is REGULATED! G.
The problem is that us brokers are too expensive and they limit traders to certain strategies. For example, they fix the leverage and disallow hedging.Brokers like FxGlory allows hedging.
Many people complain that forex is nothing but scam.Their poipular argument is that brokers take opposite poitions each time a trader opens a position.
I always ask them to explain how this is possible when I use hedging strategy. I only use a broker that allows hedging. I only use brokers that allow hedging.
  • #33
  • Dec 23, 2016 1:02pm Dec 23, 2016 1:02pm
Isn't it the broker you open an account with in the toilets ...
They ask you to insert your money into the FXGlory ... hole. ?
  • #34
  • Dec 25, 2016 1:13am Dec 25, 2016 1:13am
Quoting Mingary
Isn't it the broker you open an account with in the toilets ... They ask you to insert your money into the FXGlory ... hole. ?
If your only problem as a trader is your broker, then the problem is as good as being solved. The fact is that most traders do not recognise their weakness.
I do not know your reservations, but it is unfair to scandalise a broker that you have never used simply because they are not your favourite.
  • #35
  • Dec 25, 2016 1:17am Dec 25, 2016 1:17am
Quoting Mingary
Isn't it the broker you open an account with in the toilets ... They ask you to insert your money into the FXGlory ... hole. ?
Which broker then do you suggest? I mean suggest a perfect broker.
  • #36
  • Dec 25, 2016 12:24pm Dec 25, 2016 12:24pm
Quoting mathtrader
{quote} Which broker then do you suggest? I mean suggest a perfect broker.
Tradersway and FX Choice
  • #37
  • Dec 31, 2016 5:34am Dec 31, 2016 5:34am
Quoting freedomsurfe
Every time I see one of these threads I always ask myself "who open accounts with those bucketshops?". Do your homework people, there are plenty of good brokers out there, don't sign up with the rubbish.
Unfortunately, if you type the name of your most favourite broker in the search box, you would be disappointed by the tons of negative remarks that would pop up in turn.This simply proves that forex traders have different favourite brokers.Also, for your information,most of these brokers that you call rubbish are very good in many ways and have made forex trading really global in affordability, reliablity , accesibility and flexibility.
I always test a broker with small amount to determine if their platform is compatible with my trading styles, and to really understand their terms and conditions. Again, different traders have different favourite brokers. I am yet to believe there is any scam broker. What I know is that brokers just differ in the services and qualities of services they render. That is just all. Also, it is the responsibility of every trader to test and hold on to a broker that is suitable for him or her.As for me,a long term and a medium term trader, FxGlory is very good for me.By the way, it is my choice to use or not to use a US based broker.I need no persuasion from anybody.And it is unfair to criticize me for my choice.What matters in the long run is profit. I have been trading forex on the platform of FxGlory for about 3 years now, and so, I think a broker that serves me excellently since 2014 do know what they are doing.
  • #38
  • Dec 31, 2016 5:45am Dec 31, 2016 5:45am
Quoting mathtrader
{quote} Unfortunately, if you type the name of your most favourite broker in the search box, you would be disappointed by the tons of negative remarks that would pop up in turn.This simply proves that forex traders have different favourite brokers.Also, for your information,most of these brokers that you call rubbish are very good in many ways and have made forex trading really global in affordability, reliablity , accesibility and flexibility. I always test a broker with small amount to determine if their platform is compatible with my trading...
Sorry but no, but a good try
  • #39
  • Dec 31, 2016 5:56am Dec 31, 2016 5:56am
Quoting extreme_one
Just wanted to warn people for this broker. There are already tons of warning on other websites but I didn't find anything here so I thought I make a post. They are based in the country Georgia but their website say that they are "regulated". Lost thousands of dollars on this broker. Many more people have lost more. My own experience with them has been: -Requotes - 23 times requote in a row resulting in massive loss for me at one time -SL not respected. Sometimes more than 5 to 10 times. -You can't scalp or trade during any "important" news or high...
My friends and I have good experience with FxGlory.I have been with them since 2014. I do not scalp anyway and I make withdrawal every month and get paid into my neteller account in less than 2 hours.My account has grown from 3-figure to 6-figure now in less than 3 years now.I usually withdraw 50% of my monthly profit every month.
  • #40
  • Dec 31, 2016 6:11am Dec 31, 2016 6:11am
Quoting mathtrader
{quote} My friends and I have good experience with FxGlory.I have been with them since 2014. I do not scalp anyway and I make withdrawal every month and get paid into my neteller account in less than 2 hours.My account has grown from 3-figure to 6-figure now in less than 3 years now.I usually withdraw 50% of my monthly profit every month.
Seriously, I believe you should register for a commercial account. What you are doing is against the rules.
AND nobody buys it. "My account has grown from 3-figure to 6-figure."

http://www.forexpeacearmy.com/forex-...ww.fxglory.com
http://www.forexpeacearmy.com/commun...ory-com.32443/
http://www.forexpeacearmy.com/commun...ry-scam.31800/

Anyways I am not going to comment anymore on this. I believe your goal is to stir up things and get FF to delete this thread.
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