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No Regulation
Score
1.82 /10
Danger
GLORY TRADE
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Score
Regulatory Index0.00
Business Index6.00
Risk Management Index0.00
Software Index6.91
License Index0.00
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Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
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Warning: Low score, please stay away!
Previous Detection :
2024-09-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
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 |
| 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.
FAQs
Is GLORY TRADE safe?
No, unregulated.
Is GLORY TRADE good for beginners?
No, because the high leverage up to 1:1000, and the unregulated status will bring risk trading situation for investors, especially novices.
Does GLORY TRADE have a demo account?
No, there is currently no demo account.
Risk Warning
Trading is risky. Please think twice before proceeding.
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