FXGT is a trusted brokerage firm that offers 5 different account types to accommodate all kinds of traders. Let's find out how to open an FXGT account in this guide.
In today's fast-paced digital era, it is essential to find a user-friendly and reliable platform to trade with. Established in 2019, FXGT emerges as a popular choice, offering a wide array of instruments across various asset classes. While it is still considered a new brand, the company aims to revolutionize traders' experience and provides access to various innovative breakthroughs within a safe framework. It is fully regulated by the SFSA of Seychelles, FSCA of South Africa, and VFSC of Vanuatu.
Opening an account in FXGT and diving into financial markets is easier than you think. In fact, FXGT open account will only take about 5 minutes of your time. You can either use a PC or mobile device, so it is very convenient and highly practical.
How to Set Up an FXGT Live Account
Before we begin the process, you must check that you are eligible to be a trader. In FXGT, every client must meet the following simple conditions:
- You must reside in a country where FXGT services are available. For residents in some countries like the US, Canada, North Korea, EU countries, Iran, and Belize, FXGT is unavailable.
- FXGT only accepts clients who are 18 years old or older.
If you have met all the conditions, you can follow the easy steps below:
- Start by opening FXGT's official website. You will be greeted with the open account option on the homepage. Provide the required data and don't forget to make a strong password for your Client Portal, then tick the agreement box. Once you're done, click "Open Account".
- You will get an email that contains an activation link. Click on the provided link to verify and activate your account.
- The FXGT system will take you to a login page. Enter your email and password to log in to your secure Client Portal.
- The next step is to choose whether you want to open a Live account or a Demo account.
- Decide your account setup. This includes choosing the trading platform and account type in FXGT.
- Next, select the base currency for your account.
- Decide how much leverage you want for your account. If you are a beginner, we recommend choosing lower leverage as it can minimize the risks.
- You can choose to use a randomly selected word as your password generated by the system or set up your own. Press "Proceed" to continue.
- Your FXGT account is now ready to use! Download the trading platform and log in using your account credentials to begin trading.
It is also worth noting that in some regions, FXGT sign up required traders to complete the account verification to start trading. The verification process involves submitting personal documents such as national ID, passport, and utility bills.
Which FXGT Account Types to Choose?
To satisfy different types of clients, FXGT offers five account types to explore, namely Mini, Standard+, ECN, Crypto Max, and Pro.
- The Standard+ account is a general type that works for all types of traders. It offers access to some of the most popular instruments with affordable prices and fees.
- For new and novice traders, Mini account is the most ideal. It offers low-cost trading with micro lots, allowing traders to get exposure to financial markets without risking too much money from their pockets. With this FXGT account, you can trade in forex, metals, energies, equity indices, stocks, cryptocurrencies, and the GTi12 index.
- The Pro account, on the other hand, is designed for advanced traders who are comfortable trading on their own within a professional framework. Enjoy trading with free commissions and diversify your portfolio with hundreds of instruments including some of the rarest options like DeFi tokens and NFTs. To get even greater gains, use a maximum leverage of 1:1000 and low spreads starting from 5 pips.
- If you want to trade with raw spreads, open an ECN account. The commission is also very competitive, starting from $6 per round turn on forex pairs.
- Meanwhile, the Crypto Max account is specifically made for all crypto enthusiasts. It offers easy access to 24/7 crypto markets, allowing you to trade in an impressive selection of digital currencies.
The Benefits of Opening an Account in FXGT
- Easy and straightforward: It takes only a few minutes to open a new account in FXGT. You can then immediately use the account to make trades and grab market opportunities.
- Multiple account choices: There are five FXGT account types to suit all trader profiles, styles, and needs. In FXGT, you can open up to 6 live accounts and 2 demo accounts of the same currency.
- Practice with a demo account: If you want to test the platform or try different trading strategies before going into the real market, you can open a demo account. It is completely free and available to all clients.
- Bonus promotions: Enjoy loads of bonus programs as an FXGT client, including the 100% welcome bonus for the first deposit into your account.
FXGT broker is a trusted global company that was founded in 2019. The broker has a good reputation for offering a diverse list of tradable instruments such as forex pairs, stocks, indices, commodities, cryptocurrencies, and even NFTs. It also provides competitive prices and many educational resources for beginner traders.
5 Comments
Nov 24 2023
Great explanation. I've been looking for a full tutorial like this for a while but I just couldn't find anything helpful. No other website provides pictures when that is the most important thing! At least for a newbie like myself. Anyway, what I want to know is what comes after this. Once you complete the registration process, then what are you supposed to do after that? Can you just immediately start opening trades after downloading the trading platform or are there additional steps that I should know beforehand? Can someone explain
Nov 26 2023
Well, after you completed the registration process, you are free to manage your account as you wish, but before opening a trade it is highly recommended to complete your profile and verify your account. You can do it later, but it'll make things easier if you do it straightaway. Many people skip this step thinking that it's not that important, but then find themselves struggling when they're about to make a withdrawal. So, the sooner the better.
Next, you'll need to deposit some funds into your account balance. You can use any method available on the website, but do remember that the processing time varies for each option. If you want it to be quick, choose instant deposit via e-wallets or credit cards.
After your balance is filled, you can head over to the trading platform to make a trade with the deposited money. Don't forget to use risk tools to protect your investment from great losses. Good luck :)
Nov 25 2023
I used to trade forex when I was younger, probably about 10 years ago, but then I took some time off because I had a series of massive losing trades and my pocket was near empty. Now I have enough savings to invest in forex trading again, even though my trading skills have become very dull. After reading this article, I realized that I've been missing a lot. So many attractive brokers have emerged, making it more difficult to choose.
To be honest, I was planning to sign up with classic brokers like OANDA or Saxo Bank, but now I kinda want to try these newer brokers, see what they offer. But before that, I need to confirm a few things. First, how is the verification process in FXGT? Is it mandatory and how long does it take to complete it? Second, am I allowed to open multiple accounts using a single email? Lastly, do I need to verify every time I make a new account? Thanks
Nov 26 2023
1. Yes, at some point of your trading journey, you'd have to complete the verification process. As a regulated broker, FXGT is required to perform the KYC procedure to their clients as a form of compliance to the existing rules. The process is fairly simple and it only takes less than 24 hours on a business day. Everything is done online now, so you simply need to provide a copy of the documents on your phone or PC. It can either be a scanned document or photograph. Here's for more information: How to Verify Account in FXGT
2. You can open up to 6 live trading accounts choosing any of the available base currencies using a single email address. Switch between accounts directly on the broker's trading platform and manage your accounts effectively.
3. No, there is no need to do the verification steps over and over again. You only need to do it once at the beginning of your journey. To open an additional account, just use your FXGT user account and setup your new account.
Nov 27 2023
No need to be worried about the registration and verification procedure in FXGT. Trust me, I've known brokers with way more complicated steps, not to mention that their website is rather confusing because it's too packed and the font is too small. But even so, I'd say it's better to "test" the service before opening a live account. This applies to all brokers. Why? Because no matter how good a broker is, if it doesn't fit with your style, then it's a no match. So why not open a demo first and see how it works? Besides, you might want to refresh your memory a bit and practice trading before diving head first into live markets.