Compare AMarkets vs FxGlory
What is AMarkets? What is FxGlory ?
AMarkets is an online forex broker that provides trading services for various financial instruments such as currencies, commodities, stocks, indices and cryptocurrencies. It was founded in 2007 and is regulated by the Financial Services Authority of Saint Vincent and the Grenadines. It offers different types of accounts, trading platforms, bonuses and promotions, analytical tools and customer support.
FxGlory is an online forex broker that provides trading services for various financial instruments such as currencies, commodities, stocks and cryptocurrencies. It was founded in 2011 and is regulated by the National Bank of Georgia. It offers different types of accounts, trading platforms, bonuses and promotions, VPS service, swap-free accounts and customer support.
AMarkets vs FxGlory Regulation Comparison
Both brokers are regulated by reputable authorities in their respective jurisdictions. However, AMarkets has a higher level of protection for its clients as it is a member of the Financial Commission, an independent external dispute resolution organization that compensates clients up to €20,000 per claim in case of broker’s insolvency or misconduct.
FxGlory does not have such a compensation scheme for its clients, but it claims to segregate client funds from its own and to use SSL encryption to protect data transmission.
AMarkets vs FxGlory Trading Assets Comparison
Both brokers offer a wide range of trading assets for their clients to choose from. However, AMarkets has more options than FxGlory in terms of currency pairs, stocks, indices and ETFs. Here is a table that compares the number of trading assets offered by each broker:
| Asset Type | AMarkets | FxGlory |
|---|---|---|
| Currency Pairs | 44 | 39 |
| Commodities | 18 | 9 |
| Stocks | 427 | 50 |
| Indices | 16 | 10 |
| Cryptocurrencies | 27 | 12 |
| ETFs | 19 | 0 |
AMarkets vs FxGlory Trading Fees Comparison
Both brokers charge spreads and commissions for their trading services. However, the fees vary depending on the account type, trading platform and market conditions. Here is a table that compares the average spreads for some of the most popular currency pairs offered by each broker:
| Currency Pair | AMarkets Standard Account | FxGlory Standard Account |
|---|---|---|
| EUR/USD | 2 pips | 2 pips |
| GBP/USD | 3 pips | 3 pips |
| USD/JPY | 3 pips | 3 pips |
| USD/CHF | 3 pips | 3 pips |
| AUD/USD | 3 pips | 3 pips |
AMarkets also offers fixed and ECN accounts with different spreads and commissions. For example, the fixed account has a fixed spread of 2 pips for all currency pairs, while the ECN account has a floating spread starting from 0.2 pips and a commission of $2.5 per lot per side.
FxGlory also offers premium and VIP accounts with different spreads and commissions. For example, the premium account has a spread of 1.5 pips for all currency pairs, while the VIP account has a spread of 1 pip for all currency pairs and a commission of $8 per lot per side.
AMarkets vs FxGlory Account Types Comparison
Both brokers offer different types of accounts for their clients to suit their trading preferences and needs. Here is a table that compares some of the main features of each account type offered by each broker:
| Feature | AMarkets Standard Account | FxGlory Standard Account |
|---|---|---|
| Minimum Deposit | $100 | $1 |
| Maximum Leverage | 1:3000 | 1:3000 |
| Minimum Lot Size | 0.01 lot | 0.01 lot |
| Bonus on Deposit | Up to 17% | Up to 50% |
| Cashback Program | Yes | No |
Both brokers also offer other account types with different features such as fixed spreads, ECN execution, swap-free option, crypto-denominated accounts, etc.
AMarkets vs FxGlory Deposit Options Comparison
Both brokers offer various methods for depositing and withdrawing funds from their trading accounts. However, AMarkets has more options than FxGlory in terms of payment systems, currencies and fees. Here is a table that compares some of the most popular deposit and withdrawal methods offered by each broker:
| Method | AMarkets | FxGlory |
|---|---|---|
| Bank Wire Transfer | Yes (USD, EUR, BTC) | Yes (USD, EUR) |
| Credit/Debit Card | Yes (USD, EUR, BTC) | Yes (USD, EUR) |
| Skrill | Yes (USD, EUR, BTC) | Yes (USD, EUR) |
| Neteller | Yes (USD, EUR, BTC) | Yes (USD, EUR) |
| WebMoney | Yes (USD, EUR, BTC) | Yes (USD, EUR) |
| Perfect Money | Yes (USD, EUR, BTC) | Yes (USD, EUR) |
| Bitcoin | Yes (BTC) | No |
| Ethereum | Yes (ETH) | No |
| Litecoin | Yes (LTC) | No |
| Deposit Fee | 0% | 0% |
| Withdrawal Fee | 0% – 2.5% depending on method and currency | 1% for all methods |
AMarkets vs FxGlory Trading Platforms Comparison
Both brokers offer the MetaTrader 4 and MetaTrader 5 trading platforms for their clients to access the markets and execute trades. These platforms are widely used and trusted by traders around the world for their user-friendly interface, advanced charting tools, technical indicators, expert advisors, automated trading and mobile compatibility.
However, AMarkets also offers a web-based platform that allows clients to trade from any browser without downloading or installing any software. FxGlory does not have such a platform.
AMarkets vs FxGlory Analytical Tools Comparison
Both brokers provide their clients with various analytical tools to help them make informed trading decisions and improve their performance. These tools include market news, economic calendar, trading signals, webinars, videos, articles and more.
However, AMarkets has more options than FxGlory in terms of analytical tools. For example, AMarkets offers a unique indicator called Autochartist that scans the market for trading opportunities based on technical analysis and patterns. FxGlory does not have such a tool.
AMarkets vs FxGlory . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, goals and risk appetite. Both brokers have their advantages and disadvantages, and you can do your own research and due diligence before opening an account with either broker. You can use the information I provided above as a starting point, but you should also check the reviews and ratings of other traders who have used these brokers.
