FXGT
Regulated By : FSCA, FSA, VFSC, CySEC
Headquarters : Saint Vincent and the Grenadines
Min Deposit : $50
US Clients :
Leverage : 1:1000
Established Year : 2012
Introduction
FXGT.com is a hybrid broker that blends traditional asset classes with the exciting world of cryptocurrencies. It offers CFD trading on a wide range of assets through an easy-to-use online trading platform that is great for both novice and experienced traders.
With this review we invite you to take a closer look at FXGT.com’s unique advantages, trading conditions, and features that make it stand out from other brokers. The insights provided are based on a detailed examination of the broker’s financial services, account types, available assets, deposit and withdrawal methods, and the regulatory licenses the company operates.
Account Types
FXGT.com offers a series of account types that empower a variety of strategies and trading styles. Here is a brief overview of their features:
• Optimus tradingaccount:
- Optimized for day trading, it offers an impressive leverage of up to 1:5000, there are no commissions, and the minimum deposit is just $10.
• PRO trading account:
- Suitable for all traders, offering commission-free CFD trading with leverage up to 1:1000 and professional trading conditions.
• ECN Zero trading account:
- Designed for short-term CFD trades with low spreads and competitive commissions. It offers raw spreads, subject to competitive commissions that benefit scalpers and short-term traders.
• Standard+ trading account:
FXGT.com’s large number of available assets allows traders to diversify their portfolios with ease and enables them to take advantage of every market opportunity. Additionally, traders can focus on the assets that align with their trading strategy and market preferences.
Trading Platforms and Tools
FXGT.com offers market access through the popular MetaTrader4 and MetaTrader5 platforms. Here are some of the platforms’ features:
- Automated Trading
- Pre-installed Expert Advisors (EAs)
- Technical Indicators via the renowned MQL4 Language
- Advanced Back Testing
- Enhanced Speed
- Ultra-fast order execution times on a 64-bit operating system
- Indicators & Analytics
- 38 built-in indicators, 22 analytical tools, and 46 graphical objects.
- Support for Hedging Strategies
FXGT.com’s trading platforms are available on multiple devices, including Desktop, Android, macOS, and iOS, ensuring traders stay connected and manage their accounts from anywhere.
Deposit and Withdrawal Methods
FXGT.com offers a wide range of deposit and withdrawal options, ensuring convenience and flexibility for traders, including:
• Bitwallet
• Sticpay
• Neteller
• Perfect Money
• FasaPay
• Skrill
• Bank Transfers
• Credit/Debit Cards
• Cryptocurrencies
Having a variety of payment methods available allows traders to choose the most convenient method for their needs. This flexibility ensures that trading funds are managed effectively in accordance with individual requirements.
Licensing and Regulation
FXGT.com currently operates four (4) regulatory licenses, and rolls out financial services under the stringent supervision of top financial authorities worldwide, including:
• FSCA (Financial Sector Conduct Authority South Africa)
• FSA (Financial Services Authority Seychelles)
• VFSC (Vanuatu Financial Services Commission) – for institutional traders only.
• CySEC (Cyprus Exchange and Seccurities Commission) – operating under FXGT.eu for institutional traders only.
The licenses they obtained from these financial authorities underscore FXGT.com’s commitment to maintaining high standards of transparency and security in its operations.
Special Considerations
It is important to note that FXGT.com’s trading conditions, promotions, and account types may vary depending on the country or location. Traders are advised to check the specific terms applicable to their region before opening an account with FXGT.com.
Disclaimer
Trading CFDs involves a significant risk of loss and is not suitable for all investors. It is important to understand the risks involved and to seek independent advice if necessary.
Final Verdict
FXGT.com offers a robust CFD trading environment with a variety of account types, an extensive range of tradable assets, and access to advanced trading platforms. The broker’s regulatory credentials add an extra layer of security and confidence for traders seeking a reliable trading partner. Overall, FXGT.com is a great choice for traders of any level who require an intuitive trading platform with an extensive market coverage.
FXGT Overview
Company Information
Broker Details | Info |
---|---|
RegulatorsWhat Is Regulation?Forex regulation is therefore all about consumer protection. Regulated Forex brokers are less likely to cheat their clients and where such infractions happen, regulators are empowered by the laws of their respective jurisdictions to apply appropriate sanctions. | FSCA, FSA, VFSC, CySEC |
Licence No. | 48896, SD019, 700601, 382/20 |
Country | Saint Vincent and the Grenadines |
Base CurrenciesWhat is Base Currency?In the forex market, currency unit prices are quoted as currency pairs. The base currency – also called the transaction currency - is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the quote currency or the counter currency. For accounting purposes, a firm may use the base currency as the domestic currency or accounting currency to represent all profits and losses. | USD, EUR, AUD, JPY |
Type Of BrokersBroker TypesThere are two types of brokers: regular brokers who deal directly with their clients and broker-resellers who act as intermediaries between the client and a larger broker. Regular brokers generally are held in higher regard than broker-resellers. | STP |
Trading PlatformWhat is Trading Platform?A currency trading platform is a software interface provided by currency brokers to their customers to give them access as traders in the Forex markets. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three. | Desktop, Mobile, MT4, MT5 |
Established Year | 2012 |
Website Language | English, French, Spanish, Portuguese, Arabic, Chinese, Japanese |
US Clients |
Payment Option
Method | Getway |
---|---|
Acc Funding Methods | Skrill, Neteller, Wire transfer, WebMoney, Perfect Money, Visa Card, Master Card, FasaPay, Bitcoin, Crypto Currency, Tether |
Acc Withdrawal Methods | Skrill, Neteller, Wire transfer, WebMoney, Perfect Money, Visa Card, Master Card, FasaPay, Bitcoin, Crypto Currency, Tether |
Transaction Fees
Getway | Fees |
---|---|
Skrill | 2.99% + $0.30 per transaction |
Neteller | 2.95% + $0.30 per transaction |
Wire transfer | 1% - 4% of the transaction amount |
WebMoney | 0.8% - 2.5% of the transaction amount |
Perfect Money | 0.5% - 1.9% of the transaction amount |
Visa Card | 1.9% - 2.9% of the transaction amount |
Master Card | 1.9% - 2.9% of the transaction amount |
FasaPay | 2.9% + $0.30 per transaction |
Bitcoin | Varies depending on the exchange rate |
Crypto Currency | Varies depending on the exchange rate |
Tether | Varies depending on the exchange rate |
Trading Account Options
Type | Info |
---|---|
Maximum LeverageForex LeverageLeverage is the use of borrowed funds to increase one's trading position beyond what would be available from their cash balance alone. ... Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses. | 1:1000 |
Mini AccountWhat Is Mini Account?A forex mini account is a foreign exchange (FX) account which allows beginner traders to enter the currency market using smaller size (mini lot) positions and trading quantities, thus lowering the funds at risk and limiting potential losses. | |
VIP Accounts | |
Segregated AccountsWhat Is Segregated Account?Segregated account is an important term in the context of Forex trading in which a broker holds their client funds in segregated (separate) accounts that are different from the broker's core banking account. Segregated accounts are used to differentiate between the broker's working capital and its client investments. | |
Free Demo Accounts | |
Managed AccountsWhat Is Managed Accounts?A managed forex account is where a professional trader/money manager manages the trading on the clients' behalf. The account is made up of a personalized portfolio owned by a single investor. The portfolio and account is handled accordingly to the investors needs. | |
Pro Account | |
Minimum Deposit | $50 |
Islamic AccountWhat Is Islamic Account?An Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance. ... As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates. |
Contact Information & Support
Type | Info |
---|---|
Telephone No | N/A |
Clients: support@fxgt.com Partners: partners@fxgt.com | |
24 Hours Support | |
Support During Weekends | |
Address | Room 12, First Floor, Kingsgate House, Victoria, Mahe, Seychelles |
Website | https://fxgt.com/register/?refid=26908 |
FXGT Trading Features
Suitable For
Trader Level | Yes/No |
---|---|
Publicly Traded | |
Beginners | |
Day Trading | |
Weekly Trading | |
Professionals | |
Swing Trading |
Spreads And Commission
Trader Level | Yes/No |
---|---|
Minimum SpreadsWhat Is Spreads?The forex spread is the difference between a forex broker's sell rate and buy rate when exchanging or trading currencies. Spreads can be narrower or wider, depending on the currency involved, the time of day a trade is initiated, and economic conditions. | 1.6 pips |
Commission | |
Fixed Spreads |
FXGT Release 6 Bonuses
Trading Services
Service | Info |
---|---|
HedgingWhat Is Hedging?Hedging with forex is a strategy used to protect one's position in a currency pair from an adverse move. It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options. | |
News Trading | |
ScalpingWhat Is Scalping?Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit. | |
Automated Trading | |
IndicesWhat Is Indices?The indices track the underlying prices of the currency pairs within that index. If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall. | |
CommoditiesWhat Is Commodities?The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. ... Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy investment to buying commodities. | |
Forex instruments | |
CFDs | |
ETFs | |
Stocks | |
Bonds | |
Cryptocurrencey | |
Trading Signals | |
Educational Service | |
Copy/Social Tradings |
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anich Says :
I’m trading crypto, so far there have been no problems. Tech support responds quickly
dishesdeyy Says :
fast support and pro account is good
Jake Powell Says :
suppurt is fast and pro account works perfectly
Matthias Sigurd Says :
fxgt is a very secure platform which is important to me. i feel safe trading here +they have fast support!!