Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FXGT Pros & Cons
- 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;
- 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.
TU Expert Verdict
FXGT demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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FXGT User Reviews
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5-star
15%
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4-star
35%
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3-star
35%
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2-star
10%
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1-star
5%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of FXGT have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is FXGT Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9.2 /10FXGT has a safety score of 9.2/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5 /10FXGT offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Swap Free, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Forex account with Micro lots
- Low minimum deposit
- Demo account
- No Cent account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology7 /10FXGT received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.8 /10FXGT offers a limited selection of trading assets compared to the market average. The platform supports 185 assets in total, including 40 Forex pairs.
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Trading Account Opening
We successfully registered an account with FXGT in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at FXGT is $5.Score:We evaluated Trading Account Opening at FXGT by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria6.3 /10FXGT received a score of 6.3/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria3 /10 -
Customer Support
Score:We evaluated Customer Support at FXGT by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.6 /10
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FXGT Video Guides
FAQs
What do safety reviews say about FXGT’s regulation and client protection measures?
FXGT has a safety score of 9.2/10, which corresponds to a high security level in this review, supported by Tier-1 regulation from CySEC and negative balance protection. The broker is also regulated by VFSC, FSCA South Africa, and the FSA Seychelles, although some of these regulators are assessed at lower tiers and there is no specific investor compensation fund for those entities.
What types of trading accounts are available at FXGT and how do they differ?
FXGT offers several account types, including Mini, Standard+, Pro, and ECN, as well as demo, Micro, Swap Free, and VIP options, but it does not provide a Cent account. The accounts differ mainly in contract size, spreads, and fee structure, with ECN accounts using raw spreads plus a trading fee and Pro accounts offering tighter spreads among STP options.
What do user reviews and feedback indicate about FXGT’s overall reputation?
FXGT has a user satisfaction score of 6.9/10 based on 20 reviews, with a rating distribution that shows 50% of users giving 4 or 5 stars and 15% giving 1 or 2 stars. According to user reviews, this suggests a mixed overall impression, with a significant portion of users moderately satisfied and some expressing notable concerns.
How do reviews describe FXGT’s deposit and withdrawal conditions?
The deposit and withdrawal section gives FXGT a medium score of 6.95/10, noting a reasonable range of methods such as bank cards, bank wire, Skrill, Neteller, BTC, and USDT, along with a minimum deposit and withdrawal of $5. It also highlights advantages like no withdrawal fee and low minimum withdrawal, while mentioning limitations such as support only for major base currencies and the absence of PayPal and Wise.
What trading platforms and tools does FXGT provide according to user feedback and reviews?
FXGT supports the MT4 platform and offers features such as one-click trading, trading bots (EAs), 2FA, alerts, and a free VPS, with 68 indicators and 185 tradable assets available. The review notes that some advanced options are not provided, including MT5, cTrader, API access, and a strategy (EA) builder, which contributes to an overall average platforms and tools score of 6.25/10.
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