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FxGlory Promotion

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I wanted to open an account with FXGLORY. It turned out that the broker does not support Phone country code +995 GE. Nothing found.
Indonesia, Bangladesh and Iran are restricted countries that I know about, but there may be others. I do not think Georgia would be restricted since FxGlory has a location in Georgia. Could you attach a Screenshot of the error? 
#166 - June 05, 2023, 03:42:03 PM

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I think ADMIN can assist you with your questions.  He has a working arrangement with FXGLORY as an IB (Introduction Broker).  I am not sure if FXGLORY excludes certain countries. 
This has happened before, with different brokers. Then they offered to help and somehow added a country code. After that the trade started working.  --->> Offices in the country: Bulgaria, Georgia


FXGLORY GENERAL INFORMATION
Founded in: 2012 year
Headquarters: Georgia
Offices in the country: Bulgaria, Georgia
Minimum Deposit: 1 $
Website: https:/fxglory.com
Website languages: English
Execution model: NDD, MM
Deposit currency: USD
Support languages: English, Arab, Deutsch, Russian
Mobile trading: iOS, Android, Windows Phone
Types of offered accounts: Demo accounts (with a time limit), Standard Accounts, Swap free accounts, VIP accounts
Affiliate program: Yes
#167 - June 05, 2023, 03:46:04 PM
« Last Edit: January 07, 2024, 01:35:15 AM by Admin »

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But here's what I'm wondering, let's say I want to open an account with LMFX broker. For this I get 5000 FZT Bonus. 
You wouldn't get 5000 FZT for just opening up an account. You have to make your 1st trade before you qualify. Which means, it would need to have been funded already.



For this I get 5000 FZT Bonus. Can I send this money immediately to my account?
That works out to $25.:D
5000 FZT is roughly $10 as of right now. It's not worth $25. Also, you cannot send FZT directly to LMFX, if that's what you meant. You would first need to sell FZT to Signa. Then Signa to BTC. Then send the BTC to LMFX. It's a little tedious for such a small amount though, but yes, you are free to do this if you want.


#168 - June 05, 2023, 06:53:40 PM

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You wouldn't get 5000 FZT for just opening up an account. You have to make your 1st trade before you qualify. Which means, it would need to have been funded already.

5000 FZT is roughly $10 as of right now. It's not worth $25. Also, you cannot send FZT directly to LMFX, if that's what you meant. You would first need to sell FZT to Signa. Then Signa to BTC. Then send the BTC to LMFX. It's a little tedious for such a small amount though, but yes, you are free to do this if you want.
I don't understand this one.

1000 points = 1000 FZT (conversion rate: 1 point = 1 FZT)
1000 Points = $5 (FxChoice, LMFX, Hugo FX, PaxForex)

5000 FZT х $5 = $25  :D
#169 - June 05, 2023, 08:02:22 PM

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I don't understand this one.
It's because you are mixing together 2 separate promotions. The first is a bonus for opening a new trading account. This is a one-time bonus paid with FZT. The second promotion is free trading money. This can be claimed many times and is paid in USD and is used for trading. With FXGlory, it's sent directly to your trading account. 
#170 - June 05, 2023, 08:51:01 PM

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The second promotion is free trading money. This can be claimed many times and is paid in USD and is used for trading. With FXGlory, it's sent directly to your trading account.

 
Why only with FXGlory, it's written here:

- For Trading Money

1000 Points = $10 (FxGlory)
1000 Points = $7 (FxOpen)
1000 Points = $5 (FxChoice, LMFX, Hugo FX, PaxForex)

https://www.forex.zone/promotions/36/re-forex-zone-points-system/3035

Do I understand correctly?
#171 - June 06, 2023, 07:58:58 AM

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Why only with FXGlory
The free trading money isn't only for FxGlory, but this is the FxGlory topic being posted in. So it's just an example. There are other brokers too. Whatever is in the details in the first post is what is available.

My main point is there are 2 different promotions available. One is the FZT bonus for new accounts and the other is free trading money. You can use the same trading account for each but they are separate promotions. You were mixing them both before when you said 5000 FZT x $5 = $25. To find the dollar value of FZT, you have to calculate it using the price of Signa and BTC. To get FZT to your trading account, you would need to trade FZT using Signa and BTC too. Otherwise, if all you want is trading money, just get free trading money using forum points and have it sent directly to your trading account. Its much easier that way. Hope that is all clear.
#172 - June 06, 2023, 12:27:04 PM

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On the forum you can exchange FZT bonus , and then convert these points into real money and send them to your account?
#173 - June 06, 2023, 12:46:08 PM
« Last Edit: June 06, 2023, 12:56:23 PM by Admin »

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On the forum you can exchange FZT bonus , and then convert these points into real money and send them to your account?
You cannot exchange FZT for real money on the forum. You can do this on the open market (eg. BTDEX, SignaSwap) or peer-to-peer. As I said yesterday, you are free to do this but it's tedious for small amounts.

The forum is not an exchange or money transfer service. You can simply convert your points to FZT, if you wish, and get the benefits FZT has. Or you can just convert points to trading money directly, without the need of FZT.
#174 - June 06, 2023, 12:59:45 PM
« Last Edit: June 06, 2023, 01:02:48 PM by Admin »

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You cannot exchange FZT for real money on the forum. You can do this on the open market (eg. BTDEX, SignaSwap) or peer-to-peer. As I said yesterday, you are free to do this but it's tedious for small amounts.

The forum is not an exchange or money transfer service. You can simply convert your points to FZT, if you wish, and get the benefits FZT has. Or you can just convert points to trading money directly, without the need of FZT.
Now I understand, FZT bonus is a one-time promotion, you get these tokens on your wallet. I understand that these tokens are intended for passive mining, for investment.

Another question: How do I buy points and then convert them into real money and send them to my account?
Is it possible to buy points for cryptocurrency on the forum?
#175 - June 06, 2023, 01:12:30 PM

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The FxGlory bonus has been changed and all details are in the first post.

CHANGES:

  • FZT has been removed as the bonus. Free trading money is now the bonus.
  • The bonus is just for getting started with FxGlory. So the requirement to make a deposit and trade has been removed. It is now very easy to qualify.

Note: If you have previously received any FxGlory bonus, such as the previous FZT bonus, you do NOT qualify for the new bonus. It is for new FxGlory accounts and/or new forum members only.

Traders can now get started trading with FxGlory with no risk by getting this starting bonus. Traders get to trade and keep all the profit made from this bonus!

Furthermore, traders also earn from trading rebates from all trading activity made from using this bonus!
#176 - December 20, 2023, 02:26:36 AM

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FxGlory has announced they will be migrating to a new trading platform and will no longer be using MT4/MT5. The MT4/MT5 will be discontinued starting January 20 at 6:00 AM (GMT +2) which is only 2 days away. As a result, the starting bonus will be paused until further notice. More time is needed to assess the situation.
#177 - January 18, 2024, 12:42:24 PM

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Admin,
Just to let you know, I have continued to trade on FxGlory using MT4.  It does not appear that they have  disabled  it.  (At least not yet.) Orders placed using MT4 show up on their new web-based interface and trades are executed as always. 

The new FxGlory interface has a very similar look to MT4/5.   It does lack a few things:  You can only view a single trading pair at a time.  It seems to forget you settings (time frame, zoom, etc.)  And I don't see any way to run EAs.

Have you determined if the FxGlory trading rebates will continue?
#178 - February 02, 2024, 04:50:01 PM

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Admin,
Just to let you know, I have continued to trade on FxGlory using MT4.  It does not appear that they have  disabled  it.  (At least not yet.) Orders placed using MT4 show up on their new web-based interface and trades are executed as always. 
Yes, it works for me as well. Their email said it would be discontinued by now. I contacted FxGlory and they do not have an exact date when MT4 will stop working.


Have you determined if the FxGlory trading rebates will continue?
The rebates are still working. I mean, they are accruing as usual and are visible in the back office and even MT4. Even when MT4 is discontinued, FxGlory told me the commissions will not be affected. So they would calculate and accrue as usual. However, calculating them per trader would be an issue though. I have a custom-made solution that does this in a minute in MT4. So it will stop working whenever MT4 stops working. The commissions would still appear in the back office, but it would be very time consuming because of how they have it set up. It currently shows pages and pages of trades with no way to sort per trader or see a total. They said they would work on a solution to this possibly. Or have the ability to make an automated solution in the new platform. It would require another automated program to be coded in a new language, but it may be possible later. Until then, it would need done manually by hand and be time consuming. So the rebates would work, but it may be limited to claiming once a month just to cut down on the time involved. Until something better is possible.

In the meantime, you or any anyone else can request rebates as usual if you want. I will keep the 1st post the same for now simply because MT4 could cut off at any moment for all I know. I'm waiting for more clarity on the situation.
#179 - February 02, 2024, 07:53:39 PM
« Last Edit: February 02, 2024, 07:55:46 PM by Admin »

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Admin,
Please calculate any trading rebates I may be due.  My FxGlory account #83492.
 Can you  check for the Forex Zone Trading rebates from
   ~04 October 2023 through 02/02/2024?  My FZT wallet is
   S-UAUP-37NN-K8KZ-ENMGV.  Thank you!
#180 - February 02, 2024, 09:17:05 PM

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