FXGT ‌Review 2024
Minimum
deposit:
  • $5

Trading platform:

  • MetaTrader4
  • MetaTrader5
Regulation:
  • FSA
  • FSCA
  • CySEC (only for institutional traders)
  • VFSC
Bonus for deposit:
  • 0%

FXGT ‌Review 2024

Updated:
Updated: January 31, 2024
Your capital is at risk.

8.27

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum
deposit:
  • $5

Trading platform:

  • MetaTrader4
  • MetaTrader5
Regulation:
  • FSA
  • FSCA
  • CySEC (only for institutional traders)
  • VFSC
Bonus for deposit:
  • 0%

Note!

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Summary of FXGT.com Trading Company

FXGT.com is one of the top brokers in the financial market with the TU Overall Score of 8.27 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 believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company. FXGT.com ranks 18 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

FXGT.com is a regulated Forex broker with bonus and partnership programs, loyal deposit requirements, and a wide range of trading assets.

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.

💰 Account currency: USD, EUR, BTC, ETH, USDT, ADA, and XRP
🚀 Minimum deposit: $5
⚖️ Leverage: Up to 1:1000
💱 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%

👍 Advantages of trading with FXGT.com:

  • 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.

👎 Disadvantages of FXGT.com:

  • 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).

Evaluation of the most influential parameters of FXGT.com

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

7.95

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

7.18

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

9.00

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

8.02

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

5.12

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

5.60

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

8.62

/10

Trade with this broker, if:

  • 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.

Do not trade with this broker, if:

  • 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.

Geographic Distribution of FXGT.com Traders

Popularity in

61%
JP
Japan
11%
MY
Malaysia
11%
ZA
South Africa
9%
ID
Indonesia
9%
TH
Thailand
5%
VN
Vietnam
16%
Others
Others

Video Review of FXGT.com i

Expert Opinion

Chinmay Soni about FXGT.com

Contributor
244

FXGT is an online trading platform that facilitates Forex and cryptocurrency trading. The platform stands out due to its competitive spreads, diverse account options, and an extensive array of trading instruments. Regulated by authorities like FSCA, FSA, VFSC, and CySEC, FXGT prioritizes client security through SSL encryption and segregated accounts.

A good aspect of FXGT is its accessibility, and has a low minimum deposit of $5 and a maximum leverage of 1:1000, catering to traders of varying experience levels. The provision of negative balance protection for all clients, regardless of deposit amounts, reflects the platform's commitment to safeguarding user interests. Notably, clients' funds are stored in segregated bank accounts, ensuring FXGT lacks direct access to them.

The user-friendly platform is available on desktop and mobile devices, featuring regular and occasional offers, including a no-deposit bonus and a loyalty program. However, it is crucial to consider certain drawbacks. FXGT exhibits slightly higher average fees compared to its counterparts, and the regulatory bodies such as FSCA, SFSA, and VFSC do not compensate for client losses caused by regulated brokers.

Furthermore, certain restrictions exist, such as variable spreads for all accounts, and stringent terms and conditions for deposit bonuses and cryptocurrency transactions. Meeting these conditions, particularly the high trading volume requirement, may pose challenges for users seeking to withdraw their earnings.

Richard Best about FXGT.com

Forex and Crypto Expert
191

FXGT.com is a comprehensive online trading platform offering a range of financial instruments and services to cater to both novice and experienced traders. With its user-friendly interface and intuitive design, FXGT.com provides a seamless trading experience across various devices.

FXGT not only offers a diverse selection of trading instruments, but it is also one of a few brokers that really leans into both Forex and cryptocurrencies, opening up new possibilities for currency traders. Traders can quickly open up to eight accounts using its Trading Portal, which is also available on mobile devices.

One of the standout features of FXGT.com is its highly intuitive, user-friendly interface, allowing traders to move seamlessly through its MT4 and MT% trading platforms on a live account for a minimum deposit of just $5.

FXGT.com also impresses with its advanced trading tools and features, which include real-time market analysis, customizable charts, and technical indicators. These tools empower traders to make informed decisions and execute trades with confidence.

The platform's commitment to security and regulatory compliance is evident through its use of advanced encryption technology and adherence to strict financial regulations. This ensures the safety of traders' funds and personal information.

Customer support at FXGT.com is dependable and responsive, with a dedicated team available 24/5 to assist traders with any queries or concerns they may have. Trustpilot reviewers give FXGT.com a 4-star rating.

User Satisfaction i

15 comments
Total score:
7.7 /10

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Pro black
5 weeks ago
Dignity

Shortcomings

I trade slowly at the broker FXGT.com, spreads are minimal, trading conditions are good. I checked the withdrawal, there were no delays. At the moment I am satisfied with everything.

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vijay4fx
1 week ago

Over the years that I have been working here, I have had no conflicts with FXGT. There were minor things, but I made sure that it was ready to make concessions, and I like it. Everything is decent here.

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Faber
3 days ago
Location US

A lot of cryptocurrencies on one platform, simple trading, quick withdrawal of money

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Manimaran
9 weeks ago

FXGT.com is a fairly profitable broker for me; since the beginning of the year I have already earned a little over $2,000. I withdrew as much as needed without any problems. This process is good here.

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Bubonik
23 weeks ago

I have been trading with the fxgt com broker for 8 months now. During this time, it never occurred to me to look for another broker. And now, when I recently received another withdrawal of funds, I want to write a positive review about the fxgt com broker. Friends, this is an honest company that will definitely not disappoint you.

Responses to a comment
odelana1 to Bubonik
15 weeks ago

I am happy to confirm your words. fxgt com is really worth your attention. I know for sure that not all brokers today can compete with it. I have seen many brokers on my way, but fxgt com is better than others.

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velmachaffin797
46 weeks ago

My trading experience is limited, but so far I find the conditions at FXGT.com to be the most suitable for me. I trade Majors pairs as they are the safest and most predictable asset type with very low spreads and fees. I quickly got used to MT5, even though I had always used MT4. MT5 provides more options for analysis, but there are some features that I do not use at all. I have already tested the withdrawal of funds. Depositing caused no problems, which is expected, but I was afraid to have problems with withdrawals since not all brokers are honest in this regard. There were no delays, and the only fee was the percentage withheld by the bank for making the payment.

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DennisMuth
47 weeks ago

FXGT.com offers a partnership program for retail clients, not just Introducing Brokers (IBs) and regional representatives like other brokers. I would call this a plus since ordinary traders like me can make money by inviting other people. Among other advantages are negative balance protection, absence of non-trading fees, and fast withdrawal of profits. The availability of bonus programs is also an advantage, as you can use additional capital to make a profit. Withdrawals are available only upon reaching certain volumes, but for me, this is not a problem, since I trade big.

Expert Review of FXGT.com

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.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of FXGT.com’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets and Products of the Broker

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.

Important!

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.

Trading Conditions for FXGT.com Users

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.

$5

Minimum
deposit

1:1000

Leverage

24/7

Support

💻 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
Your capital is at risk.

Comparison of FXGT.com with other Brokers

FXGT.com RoboForex Eightcap Exness TeleTrade Libertex
Trading
platform
MetaTrader4, MetaTrader5 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MT5 Libertex, MT5, MT4
Min deposit $5 $10 $100 $10 $1 100
Leverage From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:10
From 1:1
to 1:30
for retail clients
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0.5 points From 0 points From 0 points From 1 point From 0.8 points From 0.1 points
Level of margin call
/ stop out
50%  /  20% 60%  /  40% 80%  /  50% No  /  60% 70%  /  20% 50%  /  50%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution, Instant Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No No No

Broker comparison table of trading instruments

FXGT.com RoboForex Eightcap Exness TeleTrade Libertex
Forex Yes Yes Yes Yes Yes Yes (as CFDs)
Metalls Yes Yes Yes Yes Yes Yes (as CFDs)
Crypto Yes No Yes Yes Yes Yes (as CFDs)
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes (as CFDs)
Stock Yes Yes Yes Yes Yes Yes (tradable CFDs or Stocks for investment)
ETF No Yes No No Yes Yes (as CFDs)
Options No No No No No Yes (as CFDs)

FXGT.com Commissions & Fees

Information
Trading fees on ECN accounts are spreads plus fees per lot, which are $5 for metals, $6 for fiat currencies, and 0.1% of position size for cryptocurrencies. Spreads on all accounts are floating. On Standard+ and Mini, they start from 1 pips; on Pro, they are from 0.5 pips, and on ECN spreads, they are from 0 pips. The fee for an inactive account within 90 days is $10 and is charged monthly. The company does not charge deposit or withdrawal fees, but they may be charged by payment service providers.
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
FXGT.com $3.5 Medium
RoboForex $1 Low
Pocket Option $8.5 High
Logo FXGT.com
$3.5
$1
$8.5

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:

  • The capital adequacy ratio reaches 40% (the standard is 10%);

  • The broker is licensed by 3 international regulators;

  • The average order execution speed is 120 ms;

  • 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:

  • 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;

  • 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;

  • 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:

1

Negative balance protection applies to all account types;

2

Clients’ funds are kept in large banks on special segregated accounts;

3

The broker does not withhold deposit or withdrawal fees;

4

Opening a trading account takes no more than 10 minutes, and identity verification is carried out within one day;

5

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.

Guide for traders

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.

Investment Education Online

Information

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.

Information available in the FAQs section
Information not available on the FXGT.com website
What is Market Depth?
Fundamental analysis
How to calculate the required margin
Examples of using technical indicators
What are pending orders and rules of placing them
Video tutorials
How to open/close a position
Tools and methods for making trading decisions
Setting stop loss and take profit
Ways to control the allowable ratio of loss and profit
What is trailing stop and margin call
Practical reviews of different trading styles

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).

Security (Protection for Investors)

Information

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

Withdrawal Options and Fees

  • 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.

Customer Support Service

Information

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:

  • 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
Official site
Contacts
Your capital is at risk.

Review of the Personal Cabinet of FXGT.com

For every trader interested in working with FXGT.com, the user account is a necessary tool. To create it, follow the instructions below:

1

Click the “Register Now” button on the main page of the FXGT.com official website.

Review of FXGT.com’s User Account — - Registration
Review of FXGT.com’s User Account — - Registration
Review of FXGT.com’s User Account — - Registration
Review of FXGT.com’s User Account — - Registration
2

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.

3

The user account allows traders registered with the broker to:

1. Open live and demo accounts:
Review of FXGT.com’s User Account — Opening an account
Review of FXGT.com’s User Account — Opening an account
2. Deposit funds to a verified user account:
Review of FXGT.com’s User Account — Depositing
Review of FXGT.com’s User Account — Depositing
1. Open live and demo accounts:
Review of FXGT.com’s User Account — Opening an account
Review of FXGT.com’s User Account — Opening an account
2. Deposit funds to a verified user account:
Review of FXGT.com’s User Account — Depositing
Review of FXGT.com’s User Account — Depositing

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.

Disclaimer:

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.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
FXGT.com Review FXGT.com Review

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FAQs

Do reviews by traders influence the FXGT.com rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about FXGT.com you need to go to the broker's profile.

How to leave a review about FXGT.com on the Traders Union website?

To leave a review about FXGT.com, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about FXGT.com on a non-Traders Union client?

Anyone can leave feedback about FXGT.com on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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