FxGlory is an offshore forex broker offering stocks, commodities, indices and currencies since 2011. FXGlory offers the MT4 platform and is unregulated.
SquaredDirect is a True DMA/STP Brokerage Firm acting strictly as an intermediary between clients and top-tier Liquidity Providers such as Internationally reputable banks and other globally acclaimed financial institutions providing investment services and solutions to retail clients.
|#||Broker's Features||FXGLORY Availability||SQUAREDDIRECT Availability|
|#||Accepts US traders||✔||❌|
|#||24 hour trading||✔||❌|
|#||Trading by phone||✔||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||✔||❌|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||✔||❌|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare FxGlory vs Squareddirect.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FxGlory offers Online Financial Trading and Investment Services Such as N/A, while Squareddirect offers Currencies, Commodities, Indices.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. FxGlory is STP, while Squareddirect is ECN.
Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. FxGlory recommended minimum capital is 1, while Squareddirect has a Minimum Deposit Requirement of .
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FxGlory is regulated by IFSA, while Squareddirect regulated by CySEC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. FxGlory offers USD different account currencies for each account types, while Squareddirect offers EUR, USD account currencies.
Languages Available: Next lets have a look at each broker's different Language options. FxGlory offers English, while Squareddirect offers English Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. FxGlory offers PayPal, Credit/Debit Cards, Skrill, OKPAY,Payza, Netelle different payment methods for each account types, while Squareddirect offers Credit/Debit Cards, Debit cards, Neteller, Skrill, Wire transfer payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FxGlory makes MT4, WebTrader available to clients, while Squareddirect offers MT4.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, FxGlory is more reliable based on our criteria above. FxGlory offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. FxGlory broker offers lower minimum deposit requirement. As FxGlory offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. Only FxGlory provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.