General Information & Regulation
Glow Universe is a brokerage firm that provides trading services in precious metals, commodities, currency pairs, stock indices, and other financial products. Glow Universe claims to be regulated by St. Vincent and the Grenadines under license number 216 LLC 2019 and is also an NFA accredited broker (Accreditation Number 0537936).
Markets Instruments
Glow Universe provides investors with diversified financial trading assets, including precious metals, forex currency pairs, commodities, and indices.
Minimum Deposit
Glow Universe offers three types of trading accounts for all investors: Basic ($100 initial deposit), Standard ($1,000 initial deposit), and Premium ($5,000 initial deposit).
Glow Universe Leverage
With regard to trading leverage, Glow Universe offers flexible leverage of up to 500:1, which sounds relatively high. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Spreads & Commissions
For the Glow Universe Basic account, the minimum floating spread is 0.32 pips for Spot Gold, 0.05 pips for Crude Oil, and 1.7 pips for Forex. For the standard account, the minimum floating spread is 0.30 pips for spot gold, 0.048 pips for crude oil, and 1.5 pips for Forex, which is a straight 20% drop in the spread. For the advanced account, the minimum floating spread for spot gold is 0.28 pips, the minimum floating spread for crude oil is 0.04 pips, and the minimum floating spread for Forex is 1.3 pips, which is a 30% drop in spreads for this account.
Trading Platforms
Glow Universe provides investors with a mobile trading platform (for iPhone and Android) and a web-based trading platform, which supports trading on 40 instruments worldwide, with orders taking only 0.3 seconds to fill, providing traders with a stable trading experience.
Deposit & Withdrawal
Glow Universe supports instant deposits via Internet Banking and Alipay, with no fees, and traders must deposit $100 each time. Within 24 hours on business days.
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