FXGlory broker Scam alert

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 volatility. The market has to be stable as they call it.
They will and they do remove any profits made from any trades open during any important news announcement.
Even if you entered the trade hours before an important news. The way they handle it is like this. If you made any money lets say during the day ECB bazooka last week they will let you keep trading and make more wins and they will make money from spreads.
This can go on for months. As soon as you try to make a withdrawal however ten they slap you with the profits during high volatility rules. The "rules" is so vaguely written that it applies to pretty much everything. And as you can read on other website this is their business practices.


- Sometimes they shut down different symbols for days and weeks. Mostly heavy trending instruments. Atm for example crude has been closed for over a week. If you have an open trade in that instruments you are in trouble. See the below picture on CL

- The best "rule" they have is that all trades have to be confirmed by the bank first. Basically they can cancel any trades if they want to and they do all the time.
Of course it will be done on profitable trades and during a withdrawal attempt.

What they do is criminal. But don't expect anyone in the country of Georgia to knock on their doors anytime soon.

They just removed all traces from my trading history in MT4. Its like I never traded those profitable trades that they stole. WOW!
Lucky I have the emails left with the statements.

I had same bad experience with this broker and they scammed 2k6USD after I gain this profit.
Just wanted to warn people for this Scam broker: FXGlory at fxglory.com
I has been got profit 2600$ in my balance.
When I try to withdraw 600$ they do disable my account.
And throw me an email that say:
Your account is disabled according to user agreement part 5 paragraph 4 which you signed while your registering electronically :
Part V: Fraudulent activities and prohibited transactions
4. Recording a trade on MetaTrader 4 does not mean the complete performance of the trade at the bank. Some Clients, by running illegal Expert Advisers, conduct some unsubstantiated and fake trades and they misuse the brokers’ favor in not sending error for the real price in order to generate false profit for themselves; it is recognizable by different ways and includes various methods which the Company will elaborate thoroughly if necessary. All the suchlike deeds classified in this segment are illegal; in case of observing, financial bonds with the Client will be ceased and the source of his/her first investment (before doing this fake action) will be returned to any account by means of which he/she has done the charging process.
Lol, But I ask them show me proof of EA that I add to their system and got nothing. They just said I do illegal trade. In fact, I trade manual and follow economic news only.
Every time I do recorded video or pictures when I trading (I met some case before then my experience is record video as proof to against them).
They just want kick me out and don't pay me.
And they will remove your profits with crazy and nonsense rules that they called scalping rules" that they ask you keep order run at least in 7 minutes. And certainly only profit order will be remove.
Finally after several time I tried contact them they through me another email:
"Unfortunately it can not be happen as your account was mentioned in fraud list and it sent to our observers. We can not reactive that account again."
And never answer me anymore...
I do leverage at 1:100 and no take any bonus from them.

http://s18.postimg.org/hs2iw5gwp/2015_09_23_084237.jpg
Youtube video:

thank u
have a nice day please

1:3000 leverage
with 50% bonus?
this broker has tons of excuse to cancel our profit if we are profit too much
and they have terrible track records ,

better to put our money with better brokerage out there,
Like Tickmill, hotforex, fxcm, thinkforex, etc

^
Do you really have experience with those broker you mentioned?

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.

1:1000 leverage is acceptable for micro accounts, usually regular accounts are maxed out at 1:1500 or 1:400 realistically speaking, but a leverage of 1:3000 now thta makes you think where the heck the money is coming from. i would steer away unless given some decent explanaion..

B Book broker .. seriously that type of leverage should be outlawed.
200:1 is more than enough in my opinion

I think the clue is in the name (:

Why would you even think about opening an account with a broker based in Tbilisi, Georgia... of all places
They don't even have low spreads.

In the beginning the site said Dubai, then changed to regulated by Dubai and later registered and lastly they removed Dubai altogether.
Last I check anyways.

Now they are regulated in(hope you sit down) Bulgaria! :O
Their rules are arbitrary, they can claim everyone's money. I am thinking of all order must be confirmed with the bank rule as in my case.

Saaskavilli or Stalin regulated broker.
Next thing you will hear the company moving to Ukraine and be regulated by the Right sector.

Yes, use only US brokers like Refco and leave out all swiss and EU brokers.

Nowadays there exist so many brokers; I have no idea how they can all survive without going bankrupt. Sad to hear that FxGlory plays dirty. I hope you can get it sorted out.

Good Luck!

I finally got a financial authority in EU to start investigate them. Let's see how it turns out.

Hi all,
just wanted everyone ever looking to trade with them that this has happened to me too.

Right after asking for a withdrawal I noticed that from my balance there was 491USD missing, they said "due to violation of rule 6.11".

I've sent an email to all the email addresses I found on their website and I am waiting for an answer. Hopefully a positive one as the order they claimed was fraudulent was opened at least 2 hours after Fridays announcement (honestly, i had no idea of the anouncement, or it's outcome for the pair in question). The order was closed on Monday, after almost 23 hours of it being opened.
To me, after the discussion i had thru livechat and phone, today, this practice seemed common. They all had the answers prepared and it looked like they are doing this on a regular basis.

@extreme_one: pls let me know what you were able to resolve, as i would be glad to help or join you in this matter. Which authority you convinced to investigate them?

[quote=extreme_one;8025796]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 volatility. The market has to be stable as they call it. They will and they do remove any profits made from any trades open during any important news announcement. Even if you entered the trade hours before an important news. The way they handle it is like this. If you made any money lets say during the day ECB bazooka last week they will let you keep trading and make more wins and they will make money from spreads. This can go on for months. As soon as you try to make a withdrawal however ten they slap you with the profits during high volatility rules. The "rules" is so vaguely written that it applies to pretty much everything. And as you can read on other website this is their business practices. - Sometimes they shut down different symbols for days and weeks. Mostly heavy trending instruments. Atm for example crude has been closed for over a week. If you have an open trade in that instruments you are in trouble. See the below picture on CL - The best "rule" they have is that all trades have to be confirmed by the bank first. Basically they can cancel any trades if they want to and they do all the time. Of course it will be done on profitable trades and during a withdrawal attempt. What they do is criminal. But don't expect anyone in the country of Georgia to knock on their doors anytime soon. {image}[/quote
SCAM BROKER!!!!! WARNING!!!!

WARNING!!!!! FXGlory is a SCAM BROKER!!!!!

I wanted to give you an update on this situation with fxglory. after numerous phonecalls, emails, skype messages, etc i received from them the following answer:

"
Dear X,

This is to inform you that based on Accounting Department decision profit removal because of News Trading is confirmed.
Therefore, this issue cannot be discussed any more, as based on News Trading rule from the User Agreement that you accepted while getting registered with us, Fxglory is eligible for this action.
--
Regards,
Support Department

"

basically, this is a shut up and fxxk off! so beware of this "broker"!