I agree that more vetting is needed. I tried to dig up some information, and came up with a number of contradictions.
The reply to etrade360 from FXGlory (which he posted above) seems to say that there are regulatory issues for U.S. residents, but that he (etrade360) can go ahead and open an account.
However, Earn Forex, a generally reliable forex site, says that FXGlory does not accept U.S. residents.
Edit (6/6/12) --- Earn Forex has updated their listing, which now shows that FXGlory does accept U.S. clients.
Then, there's this Babypips page saying that FXGlory was banned from the Forum in April. Don't jump to conclusions about this --- there's no way to know, without more info, who the banned party was. It could have been an I.B. of FXGlory (Dubai), or it could have been someone who was not affiliated in any way with FXGlory (Dubai).
I will forward this info to the Babypips Administrator, and ask whether they can tell us who the banned Forum member was --- or, at least, what country the banned Forum member was from.
Edit (5/30/12) --- The Administrator refused to give me any info. "Privacy issues" was the reason given.
There is a company in the U.K. called FXGlory Ltd. But, I haven't been able to find out anything about them. They might not even be involved in the forex market --- FX can mean lots of different things.
This is as far as I got trying to find out about FXGlory Ltd:
If anyone else has information on FXGlory (Dubai) and/or ProfiForex (Seychelles), please share.