FXGT Review
💲 Min Deposit $10
⌛ Year Established 2019
💼 Regulation
💡 Min Position 0.01 lot
🌐 Website fxgt.com
🌎 Country
⚖ Max Leverage 1:500
💰 Bonuses
📁 Segregated accounts
📊 MAM
FXGT is a well-established broker since 2019. FXGT has headquarters in Seychelles, Cyprus and Vanuatu. FXGT to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by FSA (Seychelles) SD019, CySEC 382/20 and VFSC 700601.
Account Information
Apart from the forex demo account, this broker offers Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FXGT is up to 1: 500. Meanwhile, you can open an account with a starting capital of $10.
FXGT offers four live accounts: Pro, ECN, Mini, and Standard+.
- Pro: This account type offers a contract size of 100,000 and competitive spreads starting from 5 points. There are no commission or transaction fees, providing a cost-effective trading experience. Leverage up to 1:1000 is available based on volume, allowing for greater trading flexibility. The minimum trade size is 0.01 lot, making it accessible to traders with varying capital levels. Traders can access the platform through MT5/MT4 on desktop, web, and mobile devices.
- ECN: ECN account offers a contract size of 100,000 and spreads starting from 0 points. There are commission/transaction fees applicable, with up to $6 round-turn on all FX Asset Classes, up to $5 round-turn for Precious Metals, and 0.1% round-turn on all Crypto Asset Classes. Leverage of up to 1:1000 is available based on volume. Traders can start with a first transfer-in of $5 to their MT4/MT5 trading account and have a minimum trade size of 0.01 lot, making it accessible for traders with different capital levels. The trading platforms MT5/MT4 are available on desktop, web, and mobile devices.
- Mini: In Mini account, clients can enjoy a contract size of 10,000, making it suitable for traders seeking smaller trade sizes. Spreads start from 10 points, and clients can get commission-free trading, reducing overall transaction costs. With leverage of up to 1:1000 based on volume, traders can magnify their trading positions. A first transfer-in of $5 is required for the MT4/MT5 trading account, and the minimum trade size is set at 0.01 lot. The account also allows for larger trades, with a maximum trade size of 200 lots. Additionally, a swap-free account is available on request. The platform offers limit and stop levels.
- Standard+: Spreads start from 10 points, and clients can enjoy commission-free trading, helping to reduce overall transaction costs. The minimum trade size is 0.01 lot, offering flexibility for traders with different risk preferences. Moreover, the platform allows larger trades, with a maximum trade size of 200 lots. Traders can also request a swap-free account. Additionally, the platform provides limit and stop levels, enabling traders to set precise entry and exit points for their positions. With a maximum number of 100 positions and 100 pending orders allowed, traders can effectively manage their portfolios and trading strategies. Furthermore, the platform offers negative balance protection.
Min Deposit
$10
Max Leverage
1:500
Spread
Fixed
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Fees
FXGT offers a cost-effective trading experience with no deposit fees or inactivity fees. Traders can enjoy competitive spreads, starting from as low as 1.4 pips on major currency pairs like EUR/USD and USD/JPY. The minimum spread is an average of 1.60 pips, which includes commission fees. Popular pairs such as EUR/USD have a spread of 1.6 pips, GBP/USD has 2.2 pips, and USD/JPY has 1.6 pips. Additionally, FXGT does not charge any withdrawal fees, making it convenient for traders to access their funds. With these transparent and favorable fee structures, FXGT provides an excellent trading environment for its clients.
Instruments Traded
Besides lots of currency pair, FXGT also offers some instruments you would like to trade on, such as Forex, Gold & silver, Stocks and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
You can trade a variety of financial instruments with FXGT, including:
- Forex
- Cryptocurrencies
- Precious metals and energies
- Equity Indices, and
- Stocks
As for Standard account, FXGT specifically provides it with the following instruments and leverage:
Payment Methods
Deposit
| Method | Currency | Min Deposit | Processing Time | Fees |
|---|---|---|---|---|
| VISA | USD EUR JPY |
50 EUR 50 USD 5000 JPY |
Instant | $0 |
| JCB | USD EUR JPY |
50 EUR 50 USD 5000 JPY |
Instant | $0 |
| Mastercard | USD EUR JPY |
50 EUR 50 USD 5000 JPY |
Instant | $0 |
| Bitcoin | BTC | 0.0001 | 1 to 30 minutes* | $0 |
| Ethereum | ETH | 0.05 | 1 to 30 minutes* | $0 |
| Ripple | XRP | 25 | 1 to 30 minutes* | $0 |
| Cardano | ADA | 10 | 1 to 30 minutes* | $0 |
| Tether ERC20 | USDT (ERC20) |
25 | 1 to 30 minutes* | $0 |
| Tether TRC20 | USDT (TRC20) |
25 | 1 to 30 minutes* | $0 |
| Bitwallet | USD EUR JPY |
10 USD 10 EUR 1000 JPY |
Instant | $0 |
| Sticpay | USD EUR JPY |
5 USD 5 EUR 5000 JPY |
Instant | $0 |
| Instant Local Bank Transfer | VND THB MYR IDR |
25 USD | Instant | $0 |
| Binance Pay | USDT | 25 USDT | Instant | $0 |
| Bank Wire | JPY | 10,000 JPY | Up to 5 Business Days |
Depends on Amount* |
| Neteller | USD EUR |
5 USD 5 EUR |
Instant | $0 |
| 1-2-Pay | THB | 20 USD | Instant (up to 10 minutes) | $0 |
Withdrawal
| Method | Currency | Min Withdrawal | Processing Time | Fees |
|---|---|---|---|---|
| VISA | USD EUR JPY |
50 EUR 50 USD 5000 JPY |
2 Business Days | $0 |
| JCB | USD EUR JPY |
50 EUR 50 USD 5000 JPY |
2 Business Days | $0 |
| Mastercard | USD EUR JPY |
50 EUR 50 USD 5000 JPY |
2 Business Days | $0 |
| Bitcoin | BTC | 0.0001 | Within 48 Hours | $0 |
| Ethereum | ETH | 0.05 | Within 48 Hours | $0 |
| Ripple | XRP | 25 | Within 48 Hours | $0 |
| Cardano | ADA | 10 | Within 48 Hours | $0 |
| Tether ERC20 | USDT (ERC20) |
25 | Within 48 Hours | $0 |
| Tether TRC20 | USDT (TRC20) |
25 | Within 48 Hours | $0 |
| Bitwallet | USD EUR JPY |
10 USD 10 EUR 1000 JPY |
Within 48 Hours | $0 |
| Sticpay | USD EUR JPY |
10 USD 10 EUR 1000 JPY |
Within 48 Hours | $0 |
| Instant Local Bank Transfer | VND THB MYR IDR |
25 USD | Instant | $0 |
| Bank Wire | JPY | 10,000 JPY | Up to 5 Business Days |
Depends on Amount* |
| Neteller | USD EUR |
5 EUR 5 USD |
Instant | $0 |
| 1-2-Pay | THB | 20 USD | Instant (up to 10 minutes) | $0 |
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
FXGT also provides payment with bitwallet, Tether (USDT), Ripple, Local bank transfer, Ethereum, Crypto and Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, FXGT offers you MetaTrader 5.
- MT5: Experience the power of the cutting-edge MT5 platform, tailored for professional traders. With lightning-fast execution and unwavering reliability, MT5 offers advanced trading tools like netting and hedging capabilities, Market Depth, 4 types of order execution, 6 types of pending orders, and an array of technical indicators and graphical tools. Elevate your trading with this flexible and feature-rich platform.
Research and Education
FXGT provides traders with valuable insights and analysis to enhance their trading experience. The "Trader Insights" section offers comprehensive sentiment analysis, including Market Sentiment, Open Interest by Client, Open Position Ratio, and Open Interest by Value.
The "Technical Analysis" section features Daily and Hourly charts, an economic calendar with relevant events, daily and intra-day pivot points, and a volatility forecaster.
In line with the South African FSCA's focus on educating new traders, FXGT aims to be a reliable source for high-quality, in-depth trading education. Although it currently offers five eBooks as educational content, there is an abundance of free research and educational resources available online to support traders on their journey further.
Bonuses and Promotions
Users can take advantage of a fantastic 25% bonus on all transfers made into their Mini and/or Standard+ accounts, with the opportunity to earn up to $10,000 in bonus funds. They also offer the Loyalty Reset Bonus. When you reach the limit of your Loyalty Bonus, the broker will reset it back to zero, ensuring you always have the chance to trade with a rewarding bonus. In addition to these exciting promotions, FXGT also provides VPS Hosting and other special offers to enhance your trading experience.
Customer Support
Do you have any question or find any trouble related to FXGT? If you do, you should reach FXGT's support to get the information that you need. Here is the detail of the broker's customer support:
FXGT offers multilingual support. Help is available 24 hours a day, 7 days a week via:
- Email: [email protected]
- Live chat
- Submit a message request
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About FXGT
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FXGT is a good broker for you or not by reviewing the criteria. In general, FXGT provides trading service in Forex , Gold & silver , Stocks and Crypto . As for the payment methods, you can choose between Wire transfer, Credit/debit cards, Crypto, Ethereum, Ripple, bitwallet, Tether (USDT) and Local bank transfer. The customer support is available via Email, Phone, Live chat and Web form.
The starting capital in FXGT is $$10.
FXGT is regulated by FSA (Seychelles) SD019, CySEC 382/20 and VFSC 700601. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
FXGT is a brokerage company offering trading services for clients since 2019 with offices in Seychelles, Cyprus and Vanuatu.
