GLORY TRADE Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-09-26 11:39

Abstract：GLORY TRADE, also named CPT Markets, is a provider of international financial derivatives and related services. The company is registered in Belize and claims to have over 11 years experience of in financial derivatives. They provide investors with leverage up to 1:1000. However, unregulated status is a main problem for traders to consider.

　　GLORY TRADE Review

　　GLORY TRADE, also named CPT Markets, is a provider of international financial derivatives and related services. The company is registered in Belize and claims to have over 11 years experience of in financial derivatives. They provide investors with leverage up to 1:1000. However, unregulated status is a main problem for traders to consider.

Pros and Cons

Pros	Cons
Business covers 3 continents	No regulation
6 trading products	No stock trading available
3 trading platforms
No commission
floating spreads starting from 0 pips

Is GLORY TRADE Legit?

　　The company is registered in Belize and claims to be regulated by the Belize International Financial Services Commission. The license number is: No. IFSC/60/430/TS/19. However, we did not find the license number information on the IFSC official website, so the broker does not have a valid regulatory license.

What Can I Trade on GLORY TRADE?

　　GLORY TRADE currently provides 6 trading products, including foreign exchange trading for currency exchange in various countries, precious metal trading mainly with gold and silver, crude oil trading, CFD trading for trading commodity prices, index trading based on futures price fluctuations, and Bitcoin trading.

Tradable Instruments	Supported
Foreign Exchange	✔
CFD	✔
Precious Metal	✔
Index	✔
Crude Oil	✔
Digital Currency	✔

Account Type

　　GLORY TRADE only provides an STD standard account that can trade commodities, stock indices, and cryptocurrencies. The floating spread starts at 1.8, with a deposit of $500, and the maximum leverage can reach 1:1000, which will bring the risk for novices.

GLORY TRADE Fees

　　GLORY TRADE is commission-free and has floating spreads. There are three platforms, for example, Meta Trader 4 points float from 0.4 points and fixed points from 2 points, Meta Trader 5 starts floating from 0.2, and GLORY TRADE starts from 0. The minimum deposit is $500, with designated stop loss levels. Details are as follows:

Function Comparison	Meta Trader4	Meta Trader5	GLORY TRADE
Spread	Floating, from 0.4 points Fixed, from 2 points	Floating, from 0.2 points	Floating, from 0 point
Commission /Spread Plus	No commission, no spread plus	No commission, no spread plus	No commission, no spread plus
Margin call/Compulsory stop loss level	100%/20%	100%/20%	100%/20%

Trading Platform

Trading Platform	Download Version	Feature
MT4	PC/iOS/Android	Flexible trading interface
GLORY PRO	Web	Real-time market depth analysis
GLORY TRADE(COCP)	Web/PC/iOS/Android	Direct market access(DMA)/No restrictions on stop/limit prices/Level ll market depth

Customer Service

　　GLORY TRADE provides email and phone contact, but no live chat.

Contact Options	Details
Email	support@glorytrademarket.vip
Hotline	400-1001-103
Supported language	English
Website Language	English
Physical Address	2118 Guava Street Belama Phase 1, PO Box 1920 BELIZE CITY

Deposit and Withdrawal

　　GLORY TRADE provides six deposit and withdrawal methods including China UnionPay, wire transfer, credit card/debit card (overseas users only), Security Advisory Committee, and USDT, allowing users to choose at will.

The Bottom Line

　　GLORY TRADE provides a variety of financial derivatives, but the deposit threshold is relatively high, and it is recommended for experienced traders.