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.
FXGT.com is a versatile Forex broker, offering trading across various asset classes including Forex, stocks, metals, indices, and cryptocurrencies. Moreover, the broker developed synthetic crypto pairs that combine cryptocurrencies with traditional markets.
Account types include Mini Account for beginners, Standard+ Account balancing spreads and instruments, Pro Account tailored to professionals with lower spreads and customization, and ECN Account with direct market access and spreads from 0 pips. The broker offers leverage up to 1:5000, and the ability to open accounts in multiple currencies, including major crypto assets.
Additionally, FXGT.com provides traders with access to powerful trading tools compiled in a suite called Advanced MT5 Toolkit, which includes indicators for advanced analysis, execution tools, and utility add-ons.
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.
Top-5 Brokers Traders Prefer
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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FXGT with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FXGT’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FXGT Standard spreads FXGT OANDA FOREX.com EUR/USD min, pips 0.7 0.1 0.7 EUR/USD max, pips 1.0 0.5 1.2 GPB/USD min, pips 0.7 0.1 0.9 GPB/USD max, pips 0 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FXGT RAW/ECN spreads FXGT OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 5 EUR/USD avg spread 0.2 0.15 0.2 GBP/USD avg spread 0.2 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FXGT. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FXGT Non-Trading Fees FXGT OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
FXGT Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
VFSC Full Name Vanuatu Financial Services Commission Country of regulation Vanuatu Investor Protection Fund No specific fund Regulation Level Tier-3 CySec
Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 FSCA SA
Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2 FSA (Seychelles)
Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 FXGT Security Factors Foundation date 2021 Negative balance protection YesVerification (KYC) Yes -
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.
- Exclusive VIP account with enhanced trading conditions
- Forex account with Micro lots
- Standard account with balanced trading conditions
- No Cent account
FXGT account types vs top competitors FXGT.com Plus500 Trading.com Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro YesNoNoSwap Free YesNoNoVIP YesNoNoManaged NoNoNoFXGT accounts trading conditions
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:
Account Type Description Mini It is the account type with a contract size of 10,000 units of the basic currency, which allows trading reduced lots with a fee in cents. This account is intended for novice traders and those who want to test the broker’s conditions with minimal amounts. Bonuses are available; Standard+ This account type is suitable for traders with any experience. The contract size is 100,000 units of the basic currency. Standard accounts participate in bonus programs; Pro These accounts are designed for experienced traders. They have the tightest spreads among STP accounts; ECN These accounts are for trading with raw spreads from 0 pips. They are subject to an additional trading fee, the amount of which depends on the asset. 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.
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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.
FXGT provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No deposit fee
- Bank wire transfers available
- Minimum deposit below industry average
- No withdrawal fee
- Only major base currencies available
- Limited deposit and withdrawal flexibility, leading to higher costs
- PayPal not supported
What are FXGT deposit and withdrawal options?
FXGT provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT.
FXGT Deposit and Withdrawal Methods vs Competitors FXGT Plus500 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal NoYesNoWise NoNoNoBTC YesNoNoWhat are FXGT base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FXGT supports the following base account currencies: USD, EUR, GBP, Bitcoin, ETH, USDT, ADA, XRP.
What are FXGT's minimum deposit and withdrawal amounts?
The minimum deposit on FXGT is $5, while the minimum withdrawal amount is $5. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FXGT’s support team.
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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.
- Crypto trading
- 40 supported currency pairs
- Indices trading
- Limited asset selection
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by FXGT with its competitors, making it easier for you to find the perfect fit.
FXGT.com Plus500 Trading.com Currency pairs 40 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 185 2800 69 Stocks YesYesNoCommodity futures YesYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesNoStock indices YesYesNoOptions NoYesNoInvestment options
We also explored the trading assets and products FXGT offers for beginner traders and investors who prefer not to engage in active trading.
FXGT.com Plus500 Trading.com Bonds NoNoNoETFs NoYesNoCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Account approval may require extra time depending on the documentation.
- Registration process may take longer than expected
FXGT account opening FXGT.com Plus500 Trading.com Online Registration YesYesYesMinimum deposit $5 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 3 2 Is FXGT available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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:
- Open live and demo accounts.
- Deposit funds to a verified user account.
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.
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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.
- One-click trading
- Free VPS for uninterrupted trading
- Trading bots (EAs) allowed
- MetaTrader is available
- Strategy (EA) Builder is not available
- No access to API
- No access to cTrader and its advanced tools.
Supported trading platforms
FXGT supports the following trading platforms: MT4. This selection covers the basic needs of most retail traders. We also compared FXGT’s platform availability with that of top competitors to assess its relative market position.
FXGT.com Plus500 Trading.com MT4 YesNoNoMT5 NoNoYescTrader NoNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader NoYesYesKey FXGT’s trading platform features
We also evaluated whether FXGT offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) YesOne-click trading YesScalping NoSupported indicators 68 Tradable assets 185 Additional trading tools
FXGT offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
FXGT trading tools vs competitors FXGT.com Plus500 Trading.com Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoNoYesAPI NoNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. YesNoNo -
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 /10FXGT supports mobile trading, offering dedicated apps for both iOS and Android. FXGT received 3/10 in this section, which suggests limited user interest or weak performance of the apps.
- Indicators supported
- Mobile alerts supported
- Weak user feedback on Android
- Weak user feedback on iOS
We compared FXGT with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
FXGT.com Plus500 Trading.com Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 50,000 10,000,000 50,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 0 4.7 4.8 Google Play score 0 4.4 4.7 Mob. 2FA NoYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
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 /10Customer support at FXGT is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. FXGT provides basic support functionality but does not stand out in overall service performance.
InformationFXGT.com offers 24/7 support for all clients, as well as for non-registered users.
- 24/7 service
- Support is available in several languages
- Telephone communication is not available
To contact technical support, you can use:
- live chat on the website and in the user account;
- email;
- 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 support@fxgt.com
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FAQs
How do reviews assess FXGT regulation and client fund safety?
FXGT has a safety score of 9.2/10, described as a High security level, with regulation from CySEC (Tier-1), FSCA in South Africa (Tier-2), and VFSC and FSA Seychelles (both Tier-3). The broker offers negative balance protection and mandatory KYC, but its track record is under 8 years and some regulators do not provide a specific investor compensation fund.
What do reviews say about FXGT trading commissions and non-trading fees?
FXGT’s overall fees are rated as Low, with a fees score of 8/10, and the broker charges no deposit, withdrawal, or inactivity fees according to the section. Typical Standard account spreads for EUR/USD range from 0.7 to 1.0 pips, while RAW/ECN accounts show an average 0.2-pip spread on EUR/USD and GBP/USD with a $3 commission per lot.
How are FXGT account types and trading conditions described in the review?
The review states that FXGT offers Demo, Standard, ECN/Raw spread, Micro, Swap Free, VIP, Mini, Standard+, Pro, and ECN accounts, but does not provide a Cent account. It notes that clients can open up to 8 live accounts and 2 demo accounts per currency, with access to forex, indices, metals, energies, stocks, cryptocurrencies, and, on ECN accounts, DeFi tokens and NFTs.
What feedback is provided about FXGT deposit and withdrawal methods and limits?
The section describes FXGT’s funding options as a basic range that includes bank cards, bank wire, Skrill, Neteller, BTC, and USDT, with no deposit or withdrawal fees mentioned. It also notes that only major base currencies are available, PayPal is not supported, and the minimum deposit and withdrawal amounts are both $5, which may vary by account type and payment method.
How is the FXGT trading account opening process evaluated in the review?
The review reports that opening an account with FXGT took about 20 minutes, with KYC verification completed in 2 business days and a minimum deposit of $5. It highlights a fully online registration process and a user account that provides trading statistics, reports, transaction history, and access to support, while noting that approval times can vary depending on submitted documentation.
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