FxGlory is an offshore forex broker offering stocks, commodities, indices and currencies since 2011. FXGlory offers the MT4 platform and is unregulated.
|#||Broker's Features||FXGLORY Availability||SWISSQUOTE 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 Swissquote.
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 Swissquote offers Currencies, Commodities, Indices, Bonds.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. FxGlory is STP, while Swissquote is Bank, Dealing Desk, Market Maker, No dealing desk,.
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 Swissquote 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 Swissquote regulated by DFSA, FINMA, SFC. 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 Swissquote offers account currencies.
Languages Available: Next lets have a look at each broker's different Language options. FxGlory offers English, while Swissquote offers Arabic, Chinese, English, French, German, Italian, 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 Swissquote offers Credit/Debit Cards, Bank 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 Swissquote offers Advanced Trader, MT4, MT5.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Swissquote is more reliable based on our criteria above. Swissquote has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Swissquote broker is regulated in more major hubs. Swissquote offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Swissquote has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Swissquote may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
Swissquote scores high on safety with being a listed Swiss broker having a banking license. You can access a lot of markets and products including bonds, and funds. Its account opening is fully digital
Swissquote's fees are high. Its trading platform is overcomplicated, and the better part of its research is not free.
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.