FXGT Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $5
- MetaTrader4
- MetaTrader5
- FSA
- FSCA
- CySEC (only for institutional traders)
- VFSC
- 2021
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $5
- MetaTrader4
- MetaTrader5
- FSA
- FSCA
- CySEC (only for institutional traders)
- VFSC
- 2021
Our Evaluation of FXGT.com
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FXGT.com is a moderate-risk broker with the TU Overall Score of 5.64 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FXGT.com clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
FXGT.com is a regulated Forex broker with bonus and partnership programs, loyal deposit requirements, and a wide range of trading assets.
Brief Look at FXGT.com
FXGT.com is a Forex broker that operates under the supervision of financial commissions of South Africa, Vanuatu, and Seychelles. Having three licenses allows the company to provide services in more than 100 countries. The broker offers trading Contract For (price) Differences (CFDs) on stocks, indices, metals, commodities, and currency pairs. Cryptocurrencies, including DeFi and NFT tokens, are also available. Moreover, access to trading the GTi12 Index consisting of 12 main cryptocurrencies (a proprietary development by FXGT.com) is provided.
- The broker is licensed by three financial regulatory authorities;
- The first deposit is from $5-$50, subject to the payment method;
- Variable spreads for all accounts;
- Partnership program with a $4-$12 reward for each lot closed by a referee;
- Account types include cent and standard accounts, as well as Pro and ECN accounts for professional traders;
- Regular and occasional offers and bonus programs, including a no-deposit bonus and a loyalty program;
- Possibility to open accounts, make deposits, and withdraw funds in cryptocurrencies.
- Average fees are higher than those of other Forex brokers;
- VPS server is only available if the turnover and equity requirements are met;
- The broker is not a participant in compensation schemes such as FSCS (Financial Services Compensation Scheme) or ICF (Investor Compensation Fund).
TU Expert Advice
Financial expert and analyst at Traders Union
FXGT.com offers a wide variety of trading assets, accounts, and payment methods. Most of the supported systems allow traders to instantly fund their accounts and start trading within a couple of minutes after making deposits. The speed of crediting cryptocurrencies depends on the workload of the blockchain network, and bank transfers can take up to 5 business days.
To provide for 24/7 trading without interruptions and delays, and FXGT.com offers free access to a dedicated VPS server. This service can be used by traders with an account balance of $3,000 or more and a monthly trading volume of 5 lots or more. The company does not offer paid VPS, therefore, if the requirements are not met, access to the service is automatically blocked.
FXGT.com provides access to advanced tools for MetaTrader 5, which allows you to improve the efficiency of trading on both live and demo accounts. The company allows hedging, but only if it is within the same trading account. Also, the broker does not prohibit trading news and scalping at high speeds. In general, traders can use any strategy, including passive income trading.
- You intend to start with a small deposit. With FXGT.com, a mere $5 is enought for any user account. Moreover, the minimum trade size is 0.01 lots.
- You value the convenience of managing multiple accounts. The broker offers its proprietary service, the Trading Portal, which is also available as a mobile application. It lacks trading functions but is designed for opening and closing accounts, depositing and withdrawing funds, generating reports, and tracking trading statistics.
- You require a platform with minimal trading fees. While most FXGT.com accounts have no fee, the minimum spreads are relatively high. On Mini and Standard+ accounts, spreads start from 10 pips, and on Pro accounts, they start from 5 pips. Only on ECN accounts the minimum spread is 0 pips, but these accounts incur a market-standard fee of $6 per lot for currency pairs and $5 per lot for other assets.
FXGT.com Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 5; MetaTrader 4 |
|---|---|
| 📊 Accounts: | Demo, Mini, Standard+, Pro, and ECN |
| 💰 Account currency: | USD, EUR, BTC, ETH, USDT, ADA, and XRP |
| 💵 Replenishment / Withdrawal: | Bank cards (Visa, MasterCard, and JCB), BitWallet, SticPay, cryptocurrencies, instant local bank transfer, bank wire, and Binance Pay |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: |
Mini and Standard+ from 1 pips Pro from 0.5 pips ECN from 0 pips |
| 🔧 Instruments: | Forex, metals, indices, cryptocurrency pairs, synthetic cryptocurrency pairs, energies, the GTi12 Index, stocks, DeFi tokens, and NFTs |
| 💹 Margin Call / Stop Out: | 50%/20% |
| 🏛 Liquidity provider: | Tier 1 banks |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: |
Floating spreads; Expert Advisors |
| 🎁 Contests and bonuses: | Unlimited 25% Loyalty bonus |
Accounts can be opened in USD, EUR, and cryptocurrencies. The broker does not set requirements on the deposit amount, however, depending on the chosen payment method, the minimum amount can be $5-$50. Leverage is dynamic, the maximum is 1:1000 (not provided for all countries and assets). There are 6 types of pending orders with market execution.
FXGT.com Key Parameters Evaluation
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İhsan cunedioğlu 
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I didn't see a good side of it.
I had an account where I made money through Forex. There was no problem withdrawing money 3 or 4 times, but when I wanted to withdraw my $4K inside, it said that your withdrawal was not approved because your account made transactions that did not comply with our company policies. I asked him, "Can you please provide me with evidence of what you did?" Afterwards, they said that the relevant department would inform me and I started to wait. Afterwards, they zeroed all the money in my account. They also made my membership inactive. I send an e-mail, they do not answer, I ask for evidence, they cannot provide evidence.
black
US
Trading Account Opening
For every trader interested in working with FXGT.com, the user account is a necessary tool. To create it, follow the instructions below:
Click the “Register Now” button on the main page of the FXGT.com official website.
Choose a form for an individual client and fill it with your personal data, such as your name, email, country of residence, and phone number. Create a password to protect your user account and agree to the Terms of Service. Next, follow the link provided in the email to confirm it. After that, you can enter your user account using your email and previously generated password.
The user account allows traders registered with the broker to:
Features of FXGT.com’s user account:
Creating statistics on the total balances of e-wallets and a trading account;
Trading reports for different periods: the last 24 hours, the previous 7, 30, or 90 days, or for the entire life of the account;
Total trading volume for the current and previous months, and since registration of the user account;
The total number of trades for today, indicating the number of buy/sell trades;
History of payment transactions and operations on accounts, as well as submitting withdrawal requests;
Communication with technical support in live chat and through the ticket system.
Regulation and Safety
FXGT.com is a network of brokerage companies registered in different countries. They provide services under licenses from such regulators as SFSA (Seychelles, SD019), FSCA (South Africa, 2015/059344/07), and VFSC (Vanuatu, 700601), CySEC 382/20 (only for institutional traders). The FXGT.com social responsibility program provides coverage for a total of €1,000,000. If clients lose money due to technical errors, negligence, or fraud on the part of the broker, they receive an insurance payment.
Advantages
- Negative balance protection for all clients regardless of the deposit amount
- The company does not have access to clients’ funds, as they are not kept internally, but in segregated bank accounts
- FXGT.com is regulated in three jurisdictions, which increases the level of reliability and security
Disadvantages
- FSCA, SFSA, and VFSC do not compensate for the loss to clients caused by brokers they regulate
- Traders cannot choose the office, since the system automatically redirects them to the website at their nearest location
Commissions & Fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Mini | $1.8 | Charged by banks and payment systems |
| Standard+ | $13 | Charged by banks and payment systems |
| Pro | $2 | Charged by banks and payment systems |
| ECN | $0 | Charged by banks and payment systems |
Swaps are charged for positions kept open overnight. Certain crypto assets can be traded without swaps. TU analysts calculated the average fees of FXGT.com and compared them to those of RoboForex and Pocket Option in the table below. The EUR/USD pair on standard accounts was used for the comparison. The spread for 1 standard lot traded was calculated in USD.
| Broker | Average commission | Level |
|---|---|---|
|
$3.5 | |
|
$1 | |
|
$8.5 |
Account Types
FXGT.com offers standard, and ECN accounts. Each client can open up to 8 live accounts in different currencies. Trading currency pairs, indices, metals, energies, stocks, and cryptocurrencies are available on all account types. Also, trades with synthetic cryptocurrencies are available on all accounts, excluding cent. Trading DeFi tokens and NFTs is possible on ECN accounts.
Account types:
Also, traders can open 2 demo accounts in available currencies. Thus, the total number of demo accounts can be 14. FXGT.com offers training and live accounts for Forex, cryptocurrency, and CFD trading. The broker does not focus on a certain class of traders, thus novice traders and professionals receive equally favorable trading conditions.
Deposit and Withdrawal
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Withdrawal requests are processed within 1-2 business days. The withdrawal period varies depending on the payment method chosen by the client. Withdrawals to local bank accounts are executed instantly; bank cards, crypto, and e-wallets are done within 48 hours. International transfers take up to 5 business days;
-
Withdrawal currencies are: USD, EUR, JPY, VND, THB, MYR, and IDR. Withdrawal is also available in digital currencies, such as BTC, ETH, XRP, ADA, and USDT (ERC20, TRC20);
-
Minimum withdrawal amounts: for BitWallet and SticPay, it is $10; for instant local bank transfer, it is $20; for Visa, JCB, and MasterCard, it is $50; and for bank wire transfer, it is 10,000 JPY, 0.0001 BTC, 0.05 ETH, 25 XRP, 10 ADA, or 25 USDT.
Investment Options
Passive income options are available to FXGT.com’s clients, but they are offered not by the broker itself, but by third-party developers and exchanges. FXGT.com acts as an intermediary that provides software and accounts for customers to perform investment activities. It also executes orders and withdraws profits. The broker does not guarantee income from the use of advisors, trading on signals, or trading CFDs on stocks. The only thing it is responsible for is the timely payment of rewards for partnership programs.
Passive investment with FXGT.com
If traders work with different assets, such as fiat currencies, cryptocurrencies, or CFDs, they can use two options to earn additional income:
Copy trading. To start copying other people's trades, subscribe to the trading signals of a particular provider. The rating is presented on the mql5.com website, which belongs to the MetaQuotes corporation, a developer of MetaTrader platforms. Trades of selected providers are automatically copied to the accounts of investors who have connected to them. The service conditions, such as cost of subscription, fee amount, and minimum investment amount, are specified in the profile of the signal provider;
Algorithmic trading. Trades are executed by special programs such as Expert Advisors (EAs). The developer sets conditions for entering and exiting trades, and the advisor performs this task when the price reaches the specified level. Investors can participate in the trading process if they connect with a semi-automatic advisor. Automatic EAs work autonomously and do not require the participation of a live person.
Traders who buy or sell CFDs on stocks can also earn on dividend adjustments. It should be borne in mind that income is available only for long positions. For short positions, the adjustment is withheld from the client’s balance, that is, they lose funds.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program from FXGT.com
There are 5 reward plans available to partners of the company. The amount of fees depends on the number of invited clients and lots closed by them. According to the Bronze plan, a partner receives up to $4 per GT lot, Silver - up to $6, Gold - up to $8, Platinum - up to $10, and Elite - up to $12. Partners are only rewarded for trades that have been open for more than 5 minutes.
The FXGT.com partnership program has three levels. The master's fee is 100%. Level-1 sub partners give the master 10% of their profits; and level-2 sub-partners pay 5%. The reward is paid weekly in the currency of the referral's trading account. Trades, where bonus funds were used, are not included in the fee calculation.
Customer Support
FXGT.com offers 24/7 support for all clients, as well as for non-registered users.
Advantages
- 24/7 service
- Support is available in several languages
Disadvantages
- Telephone communication is not available
To contact technical support, you can use:
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live chat on the website and in the user account;
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email;
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a ready-made ticket for requesting support by email.
Broker's clients can create tickets in the Support Center of their user accounts.
Contacts
| Foundation date | 2021 |
|---|---|
| Registration address | Room 12, First Floor, Kingsgate House, Victoria, Mahe, Seychelles |
| Regulation | FSA, FSCA, CySEC (only for institutional traders), VFSC |
| Official site | www.fxgt.com |
| Contacts |
Education
The company does not offer full-fledged education on trading currencies and various classes of CFDs. For novice traders, there are eBooks and a glossary of Forex terms available in the Research & Insights section. The basic concepts of trading are discussed in the FAQs block.
A demo account allows you to apply all the gained theoretical knowledge in practice. This account type is educational, so traders can practice without depositing personal funds (a virtual deposit is accrued).
Comparison of FXGT.com with other Brokers
| FXGT.com | RoboForex | Pocket Option | Exness | TeleTrade | FxGlory | |
| Trading platform |
MetaTrader4, MetaTrader5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | MT4, MobileTrading, MT5 |
| Min deposit | $5 | $10 | $5 | $10 | $1 | $1 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:10 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | 8.00% |
| Spread | From 0.5 points | From 0 points | From 1.2 point | From 1 point | From 0.8 points | From 2 points |
| Level of margin call / stop out |
50% / 20% | 60% / 40% | 30% / 50% | No / 60% | 70% / 20% | 20% / 10% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Instant Execution, Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of FXGT.com
FXGT.com is a regulated broker that always complies with regulatory standards and maintains a high capital adequacy ratio. It partners with major tier 1 banks to allow its clients to store and transfer funds securely and receive the most precise market quotes. Additional security is provided by negative balance protection, which is enabled on all account types.
FXGT.com by the numbers:
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The capital adequacy ratio reaches 40% (the standard is 10%);
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The broker is licensed by 3 international regulators;
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The average order execution speed is 120 ms;
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4 account types with spreads starting from 0 pips.
FXGT.com is a broker suitable for 24/7 margin trading
FXGT.com provides leverage, which allows its clients to get more return on investment. The maximum value is 1:1000, but it is not available for all assets. To protect funds from excessive risk, the broker uses dynamic leverage. The amount of leverage available to a particular trader depends on the region, account type, and asset. The leverage can be reduced by the client or the broker in case of high market volatility. The FXGT.com trading server is located in London, the time zone is GMT+1. Virtual VPS is fully integrated into MetaTrader platforms and has 3 GB of RAM.
The company's clients have access to trading on MetaTrader 5, available in desktop, WebTrader, Android, MacOS, and iOS versions. It supports 38 built-in technical analysis indicators, 46 graphical objects, and 22 analytical tools. The broker plans to add MetaTrader 4 soon.
Useful services offered by FXGT.com:
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MT5 Advanced Trader Toolkit. This is a toolkit that helps traders optimize their trading strategies and set up risk management to maximize the potential profit from trades with financial assets;
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Research and Trading Ideas. The company provides access to the economic calendar, daily volatility forecasts, charts with hourly updates, and information on support and resistance levels;
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Trader Insights. It is a section of the website that displays the activities of FXGT.com’s clients. Tables with data on the total number of long and short positions on assets, the ratio of open positions, and the percentage of the most interesting instruments for traders are available.
Advantages:
Negative balance protection applies to all account types;
Clients’ funds are kept in large banks on special segregated accounts;
The broker does not withhold deposit or withdrawal fees;
Opening a trading account takes no more than 10 minutes, and identity verification is carried out within one day;
All clients, regardless of their country of residence and the deposit amount, can trade currencies, the GTi12 Index, and various types of CFDs.
Any of the presented account types are available in Swap Free format upon request. Professional trading accounts can hold open up to 200 orders simultaneously; and the maximum trade size is 200 lots.
User Satisfaction