FxGlory Promotion

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

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  

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?

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.

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?

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.

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.