FP Markets is an Australian-based broker that offers forex and CFD trading on a wide range of assets through the MT4, MT5 and IRESS platforms. It is regulated by ASIC and CySEC and has won several awards for its quality of trade execution and value. It has a minimum deposit of $100 and offers both standard and raw spread accounts with tight spreads and high leverage.
FxGlory is a Georgian-based broker that offers leveraged trading in forex, commodities and cryptocurrencies through the MT4 platform. It is not regulated by any major authority and has a minimum deposit of $1. It offers high leverage up to 1:500 and claims to have no re-quotes or slippage.
FP Markets vs FxGlory Regulation Comparison
Broker
Regulator
Compensation Scheme
FP Markets
ASIC (Australia), CySEC (Cyprus), ESMA (Europe)
Yes
FxGlory
None
No
FP Markets is regulated by three reputable authorities, while FxGlory is not regulated by any. This means that FP Markets has more oversight and accountability than FxGlory, and also offers protection to its clients in case of unforeseen events. FxGlory, on the other hand, operates without any supervision or guarantees, which poses a higher risk to traders.
As you can see, FP Markets offers a much wider range of trading assets than FxGlory. With FP Markets, you can trade over 10,000 instruments across various markets and sectors, while with FxGlory you are limited to only 34 currency pairs, 7 commodities and 5 cryptocurrencies. This means that FP Markets gives you more choice and flexibility than FxGlory when it comes to trading.
FP Markets vs FxGlory Trading Fees Comparison
Broker
Trading Fees
FP Markets
Spreads from 0 pips on raw spread account; no commissions on standard account; $3 per lot per side on raw spread account; swaps vary depending on instrument; no deposit or withdrawal fees for most payment methods; $55 subscription fee on IRESS accounts
FxGlory
Spreads from 0.7 pips on standard account; no commissions; swaps vary depending on instrument; no deposit fees; withdrawal fees for some payment methods
FP Markets vs FxGlory Account Types Comparison
Broker
Account Types
FP Markets
Standard account: minimum deposit $100; MT4/MT5 platform; leverage up to 1:500; spreads from 1 pip; no commissions; STP execution; Islamic option available Raw spread account: minimum deposit $100; MT4/MT5 platform; leverage up to 1:500; spreads from 0 pips; $3 per lot per side commission; ECN execution; Islamic option available. IRESS account: minimum deposit $1000; IRESS platform; leverage up to 1:200; variable commissions based on volume; DMA execution
FxGlory
Standard account: minimum deposit $1; MT4 platform; leverage up to 1:500; spreads from 0.7 pips; no commissions; market maker execution; Islamic option available
Neteller, PayPal, Perfect Money, Skrill, STICPAY, Visa, WebMoney, Wire Transfer
FP Markets vs FxGlory Trading Platforms Comparison
Broker
Trading Platforms
FP Markets
MT4, MT5 and IRESS
FxGlory
MT4
FP Markets vs FxGlory Analytical Tools Comparison
Broker
Analytical Tools
FP Markets
Educational resources (articles, videos, webinars, ebooks), market research (daily market reports), technical analysis tools (Autochartist), trading signals (Myfxbook), social trading app (FP Markets Social Trading)
FxGlory
None
FP Markets vs FxGlory . Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their trading style, preferences, goals and risk tolerance. Therefore, you should do your own research and compare brokers based on criteria that are important to you, such as regulations, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, analytical tools and customer support. You should also test the broker’s services and platforms with their demo account or minimum deposit before signing up for a real account.
